Gift Nifty Down 9 Points | L&T Faces Qatar Tax Penalties | SoftBank Trims Delhivery Holdings | Top Buzzing Stocks Today

Mon, 20 Nov Pre-Open

   Previous Close   

   10:30 am   

   Closing   

On Friday, Indian share markets continued the downtrend as the session progressed and ended lower.

Equity benchmark indices fell on fell as Profit booking in financial stocks weighed on the benchmark indices with State Bank of India (SBI), Axis Bank falling up to 3.6%.

At the closing bell on Friday, the BSE Sensex stood down by 187 points (down 0.3%).

Meanwhile, the NSE Nifty closed lower by 33 points (down 0.2%).

Apollo Hospital and L&T were among the top gainers.

Axis Bank and ONGC, on the other hand, were among the top losers.

Broader markets ended on positive note. Both the BSE MidCap index and the BSE SmallCap index ended 0.3% higher.

Sectoral indices ended mixed with stocks in the realty sector and auto sector witnessing most of the buying. Meanwhile stocks in the energy sector and finance sector witnessed selling.

Shares of Tata Elxis, Bajaj Auto and Titan hit their 52-week high on Friday.

The rupee was trading at 83.3 against the US$.

Gold prices for the latest contract on MCX were trading 0.4% lower at Rs 60,953 per 10 grams at the time of Indian market closing hours on Friday.

At 8:00 AM today, the Gift Nifty was trading 9 points lower at 19,811 level.

Indian share markets are headed for a muted opening today following the trend on Gift Nifty.

Speaking of stock markets, Co-head of Research at Equitymaster Rahul Shah talks about taking more exposure to stocks right now or waiting for the markets to correct, in his latest video.

Tune in for more.

Top buzzing stocks today

Tata Investment Corporation share price will be in focus today.

Tata Investment Corporation, an investment company of Tata group, saw its shares climbing over 19% in Friday's trade, thanks to unlocking opportunity on account of Tata Technologies Ltd initial public offer (IPO).

Dr Reddy will also be a top buzzing stock.

Dr Reddy's Laboratories rose half a percent to Rs 5,561, rallying for the third day in a row on 17 November, after the company introduced Nerivio, a United States Food and Drug Administration (USFDA) approved wearable therapy device, for drug-free management of migraine in India.

IPGL to Commence Chabahar Port Operations

State-owned India Ports Global (IPGL), formed to develop and run Chabahar port in Iran, will soon sign an agreement with the Iranian Port Authority to start full-fledged operation, Ministry of Ports, Shipping and Waterways Secretary said on Friday.

Located in the Sistan-Balochistan province on the energy-rich Iran's southern coast, the Chabahar port is being developed by India, Iran and Afghanistan to boost connectivity and trade ties.

There have been mounting hostilities between anti-junta groups and Myanmar government forces in several key towns and regions near the border with India in the last few weeks, fuelling concerns in the Indian military establishment about the possible spillover effect.

The port in Rakhine state of the neighbouring country was built with assistance from India as part of the Kaladan Multimodal Transit Transport Project (KMTTP).

Airtel to Challenge CGST Penalty

Airtel to seek reversal of Rs 26,393 penalty order received under CGST Act New Delhi, 17 November 2023 (PTI) Bharti Airtel has said it does not agree with an order received under the Central Goods and Services Tax Act for levy of a penalty of Rs 26,393 and will seek its rectification and reversal.

The order pertains to the office of the Deputy Commissioner of Commercial Taxes, Bengaluru, and was received by the company on 16 November 2023.

The company further said it does not agree with the order and will take appropriate action for rectification or reversal of the same.

The order has been passed concerning Telesonic Networks, a subsidiary company, which has been merged with the company with effect from 1 February 2023.

L&T Faces Qatar Tax Penalties

Larsen & Toubro (L&T) has been charged with two monetary penalties worth Rs 1.1 bn and Rs 1.3 bn by Qatar's income tax authorities, citing variation in the income declared by the company against the authority's assessment.

The penalties have been imposed for the tax period between April 2016 to March 2017 and April 2017 to March 2018.

Last month, The Reserve Bank of India (RBI) imposed a monetary penalty of Rs 25 m on L&T Finance for rule violations.

Middle East is the second most important geography for L&T. In the first half of 2023-24, it accounted for 41% of its order inflow, and orders from the region stood at 32% of its Rs 4.5 tn order book as of September end.

Note that L&T has rewarded investors with?10 bonuses over the last 7 decades?and the CAGR over the last 20 years stands at an impressive 25.6%.

L&T has been an?investor's favourite stock?for a long time and also a stock that makes it to the?top 5 infrastructure stocks.

In line with its commitment to a sustainable future, L&T is poised to make significant strides in the green hydrogen landscape. For more details, check out?L&T's next big leap in the green hydrogen space.

SoftBank Trimms Delhivery Holdings

Japanese conglomerate Softbank sold shares worth Rs 7.4 bn crore in logistics company Delhivery via open market transactions on 17 November.

Softbank through its entity SVF Doorbell (Cayman) has offloaded 18.3 million (m) equity shares, which is equivalent to 2.5% of paid-up equity, in Delhivery.

With the above deal, the total shareholding of SVF in the company seems to have dropped to around 12% now.

These shares were sold at an average price of Rs 403.5 per share and amounted to Rs 7.4 bn.

Earlier in March this year, Softbank had sold shares around 2.8 crore equity shares in the third-party logistics services provider in a bulk deal at Rs 340 apiece, amounting to Rs 9.5 bn. In December 2022, the Japanese fund held more than 18.4% stake in the company.

Delhivery shares hit an eight-month high after a big block deal by Carlyle. To know more about its FY23 performance and growth prospects, check out Logistics Stock Delhivery Zooms 7% Post Block Deal.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers