Stock Market Today: All You Need To Know Going Into Trade On Nov. 22

Stocks rose in Asia amid fragile sentiment as investors weighed the impact of Covid infections in China and parsed comments from Federal Reserve officials on interest rate hikes.

Oil steadied near $80 per barrel following a volatile session Monday after Saudi Arabia denied a report that it is discussing an oil-production increase for the OPEC+ meeting next month. Gold was flat. Bitcoin rose 1.8% to $15,909.33

Indian benchmarks indices ended the week’s first session in the red, falling the most in 11 days as IT, utilities, power and realty stocks weighed down the market.

Rupee depreciated further against the U.S. dollar as the greenback got stronger in the overseas market.

At 7:30 a.m., the Singapore-traded SGX Nifty -- an early barometer of India's benchmark Nifty 50 -- rose 0.25% to 18,250.

• Reliance Industries: The NCLT gave its approval to Reliance Jio, the telecom arm of the company, to acquire Reliance Infratel, the holding company for tower and fibre assets of Reliance Communications.

• Lupin: The company signed an MoU with Rajasthan government for Collaboration to strengthen healthcare system, reduce prevalence and improve health outcomes for patients diagnosed with cardiovascular disease and chronic obstructive pulmonary disease in Alwar.

• Punjab National Bank: The bank appointed Binod Kumar and M Paramasivam as executive directors on its board.

• Kirloskar Electric Company: The company's Govenahalli unit has extended partial lay-off for 36 workmen out of 148 for 60 days, with effect from Nov. 20, 2022. All workmen laid-off at the Bhudihal unit have been recalled from Dec. 01, 2022.

• Axis Bank: S&P Global Ratings upgraded the bank’s long-term and short-term issuer credit rating to 'BBB-/A-3' from 'BB+/B', with stable outlook on the long-term rating. The agency also upgraded the long-term issue rating on the bank's senior unsecured notes to 'BBB-' from 'BB+'.

• New Delhi Television: The open offer by Vishvapradhan Commercial Pvt. Ltd., along with AMG Media Networks and Adani Enterprises, to acquire additional 26% stake in the company will be launched on Nov. 22 and continue till Dec. 5. The price band for the offer is Rs 294, a discount of 23.07% on the company’s Monday closing price.

• Kaynes Technology India: The equity shares of the company will be listed on BSE and National Stock Exchange at Rs 587 per share with face value of Rs 10 each. The IPO, which received bids from Nov. 10 to Nov. 14, was subscribed 34.16 times. The QIB portion was subscribed 98.47 times, the non-institutional investor portion 21.21 times, retail portion 4.1 times and employee portion 11.92 times.

• Archean Chemical Industries: Quant Money Managers bought 6.5 lakh shares (0.53%) at Rs 452.59 apiece.

• Delhivery: Morgan Stanley Asia (Singapore) Pte.-ODI bought 48.55 lakh shares (0.67%) at Rs 330 apiece, CA Swift Investments sold 1.84 crore shares (2.53%) at Rs 330.02 apiece.

• Easy Trip Planners: Saint Capital Fund bought 22 lakh shares (0.2%) at Rs 52.5 apiece, Dharampal Satyapal Ltd. sold 25 lakh shares (0.23%) at Rs 54.1 apiece.

• Hindustan Construction Company: IDBI Trusteeship Services sold 1.1 crore shares (0.73%) at Rs 17.82 apiece.

• Hindustan Aeronautics: To meet investors and analysts on Nov. 25.         

• EKI energy services: To meet investors and analysts on Nov. 22.

• GMM Pfaudler: To meet investors and analysts on Nov. 22, Nov. 24, Nov. 28, Nov. 29, Dec. 1, Dec. 2 and Dec. 5

• State Bank of India: To meet investors and analysts on Nov. 22.

• Crisil: To meet investors and analysts on Nov. 25.

• Indusind Bank: To meet investors and analysts on Nov. 25.

• Rail Vikas Nigam: To meet investors and analysts on Nov. 22, Nov. 28, Nov. 29 and Nov. 30.

• Rushil Décor: To meet investors and analysts on Nov. 22.

• Kabra Extrusiontechnik: To meet investors and analysts on Nov. 22.

• Price Band Revised From 20% To 10%: Jeena Sikho Lifecare

• Ex-Date Interim Dividend: EID Parry India, Pearl Global Industries, Ingersoll Rand (India), Manappuram Finance, Container Corporation of India, IPCA Laboratories, Natco Pharma, Oil & Natural Gas Corporation, Tide Water Oil Company (India), Man Infraconstruction

• Ex-Date Special Dividend: Ingersoll Rand (India), 3M India, Petronet LNG

• Record-Date Interim Dividend: Oil India, Mazagon Dock Shipbuilders, Cochin Shipyard, Balkrishna Industries

• Record Date Bonus: Easy Trip Planners

• Nirlon: Promoter Group Shital Trading & Interiors bought 5,000 shares between Sept. 17 and Sept. 18.

• Banswara Syntex: Promoter Group Kavita Soni sold 26,750 shares on Nov. 15.

• Rossell India: Promoter Harvin Estates sold 10,000 shares on Nov. 17 and Promoter B M G Enterprises sold 32,000 shares between Nov. 17 and Nov. 18.

• Quess Corp: Promoter Ajit Isaac bought 50,000 shares on Nov. 18

• Swan Energy: Promoter Group Kavita Dave Impex created a pledge of 81,500 shares on Nov. 18.

• Nifty November futures ended at 18,194, a discount of 161.9 points.

• Nifty November futures fell 10.77% and 23,229 shares in Open Interest.

• Nifty Bank November futures ended at 42,374.60, a discount of 130.6 points.

• Nifty Bank November futures fell 7.67% and 7,147 shares in Open Interest.

• Securities in ban for the period: Escorts, Gujarat Narmada Valley Fertilisers and Chemicals, Indiabulls Housing Finance, Sun TV, PNB.

• Securities added to the ban list: Escorts, PNB.

• Securities removed from the ban list: Balrampur Chini, Delta Corp., BHEL.

Rupee fell further against the U.S. dollar, closing at 81.81 on Monday, compared to Friday’s close of 81.70.

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