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Maruti Suzuki Gains  After BofA Securities Upgrades Stock Rating Shares of Maruti Suzuki rose as much as 1.9 percent to Rs 7,276.50 after BofA securities upgraded the stock rating and hiked price target. Sensex Extends Gain; Nifty Near Record High Indian equity benchmarks extended opening gains to trade at day’s high. The S&P BSE Sensex rose as much as 370 points or 0.9 percent to hit an all-time high at 41,308.61. The NSE Nifty 50 rose as much as 0.86 percent to 12,157.50, about one-point away from its record high of 12,158.80.  The broader markets represented by the NSE Nifty 500 Index rose as much as 0.73 percent. The NSE Nifty Bank Index, too, hit an all-time high at 32,213.35 after gaining as much as 0.75 percent. NIIT Technologies Jumps The Most In Three Months Shares of the IT services provider rose as much as 7.1 percent, the most since August, to Rs 1,577.50. The Noida-based firm's board will consider a proposal for share-buyback on Dec. 23, acco...

Dishman Carbogen Amcis Gains The Most In Three Weeks Shares of Dishman Carbogen Amcis rose as much as 6.7 percent, the most since Nov. 25, to Rs 128.60. The stock declined 44 percent in the past 12 months compared to a 14 percent gain in the Sensex, The stock traded at 8.9 times its estimated earnings per share for the coming year, according to Bloomberg data. Global Markets Update: Europe Stocks Gain Along With U.S. Futures Stocks in Europe and U.S. equity futures started the week on the front foot amid hopes of a partial trade deal between America and China eases a key risk for investors headed into year-end. Closing Bell--  The benchmark S&P BSE Sensex settled 71 points, or 0.17 percent, lower at 40,938.72 level. The losses seen at metal and FMCG counters were trimmed by gains in the information technology (IT) stocks.  -- On the NSE, the broader Nifty50 index held the 12,000-mark, at 12,053.95 level, down 33 points or 0.27 percent.  Gold price...

Yes, Bank Jumps 9% on Plans To Consider Fund Raising Shares of Yes Bank halted a two-day fall and rose as much as 9.3 percent, the most in nearly a month, to Rs 69. The Mumbai-based lender plans to consider raising funds on Nov. 29. Bank approved as an accredited entity by Green Climate Fund to help mobilize Climate Finance in India. Morgan Stanley Gives ICICI Bank Its Most Bullish Price Target Yet, Shares Swing Shares of ICICI Bank fluctuated between gains and losses to trade 0.2 percent lower at Rs 509.65. Prestige Estate Projects Surges The Most In Over Eight Months Shares of Prestige Estate Projects rose as much as 14.9 percent to Rs 339.80. The company signed an agreement with Marriott International to open six new hotels across India, representing nearly 1,000 rooms. All hotels are expected to open between 2021-2025, according to its media statement. Biocon share price rises 4% on USFDA approval: ​Biocon share price rose 4.5 percent on November 27 after the co...

Eris Lifesciences Gains After large Trade Shares of Eris Lifesciences rose as much as 5.4 percent to Rs 437. About 38.2 lakh shares of the company changed hands in a large trade, Bloomberg data showed.  Buyers and sellers were not known immediately. Of the shares traded 57 percent were at the asking price and 28 percent were at the bid, according to Bloomberg data. The stock was the second-best performer on NSE Nifty 500 Index. Safari Industries Gains After Ashish Kacholia Buys Stake Shares of Safari Industries rose as much as 3.5 percent to Rs 574. Well-known investor Ashish Kacholia acquired 2.18 lakh shares or 0.98 percent equity at Rs 550 each.  Besides, Saif India Holdings acquired 5.78 lakh shares or 2.59 percent equity at Rs 540 each. Meanwhile, Tano India Private Equity Fund sold 10.7 lakh shares. Ashoka Buildcon rises 12% on LoA from NHAI: ​Ashoka Buildcon share price rose 12 percent on November 25 after the company received a Letter of Award ...

NTPC Gains After Morgan Stanley Upgrades Stock Rating, Hikes Price Target Shares of NTPC rose as much as 3 percent to Rs 118.75. That comes after brokerage firm Morgan Stanley upgraded the stock rating to ‘Overweight’ from ‘Equal-weight’ and hiked price target to Rs 152 from Rs 146.7. BHEL Fall After Crisil Downgrade Shares of Bharat Heavy Electricals fell as much as 1.8 percent to Rs 54.45. The stock extended declines for the second consecutive trading session. Crisil downgraded the rating of long-term bank facilities to ‘AA’ from ‘AA+’ with outlook revised from ‘Negative’ to ‘Stable’ due to company’s weaker than expected operating performance and the continued decline in net cash levels of the company during the first half of the current financial year. Laurus Labs Halt Two-Day Losing Streak; Shares Gain 2% Shares of Laurus Labs halted their two-day losing streak. The stock rose as much as 2.1 percent to Rs 340. The company has received three observations on the pre-a...

Zee Entertainment jumps up to 19% on promoter stake sale, pares gain later - Shares of Zee Entertainment Enterprises (ZEEL) surged up to 19 percent to Rs 364 in the early morning deals on the National Stock Exchange (NSE) on Thursday after the promoter Essel Group sold nearly 15 percent stake in the company for Rs 4,343 crore.  Around 142.87 million equity shares (representing 14.87 percent stake of ZEEL) changed hands on the NSE through block deals, the exchange data shows Rupee Opening Alert - Rupee opens flat at 71.83/$ vs Wednesday's close of Rs 71.82 per US dollar DHFL Fluctuates After RBI Supersedes Board Shares of Dewan Housing Finance Corporation swung to a fall of as much as 2.9 percent from a gain of as much as 4.9 percent.  That comes after the Reserve Bank of India has superseded the board of Dewan Housing Finance Corporation Ltd. and intends to refer the non-bank lender for resolution under the newly introduced insolvency window for financia...

RIL Hits Fresh Record High; Nears Rs 10 Lakh Crore Market Cap Mark Shares of Reliance Industries extended gains for the second consecutive trading session. The stock rose as much as 3.9 percent to hit an all-time high at Rs 1,569. The scrip is set to clock Rs 10 lakh crore in market capitalization. Reliance Jio joins Airtel, Vodafone Idea to raise tariffs- Telecom tariffs are finally set to rise with Reliance Jio also on Tuesday stating that to strengthen the industry it will take measures like increasing tariffs in the next few weeks.  On Monday, Vodafone Idea and Bharti Airtel had said that they will increase tariffs from December. This will be the first time since September 2016 — when Reliance Jio launched its services — that tariffs will be revised upwards by the telecom companies Oil Check -- A far larger than expected rise in crude stocks led to a decline in prices. Brent crude futures stood at $60.91 a barrel early on Wednesday, after sliding 2.6 percent...