Goodwill Investors’ Education initiative Goodwill’s Eagle Eyes!

Goodwill Investors’ Education initiative Goodwill’s Eagle Eyes!

Market LIVE: Sensex 450 pts up, Nifty at 17.1k; Most sectoral indices in green: 26 of 30 Sensex stocks in green.
IPOs  do well.

The blue-chip NSE Nifty 50 index on Tuesday ended at 16,983.20, down 70.75 points, or 0.41% and the benchmark S&P BSE Sensex ended at 57,064.87, down 195.72 points, or 0.34%.

Indian shares rose over 1% on Wednesday, boosted by metals, auto and banking stocks, after growth data showed India grew at a faster pace than any major economy in the September quarter

Indian markets opened on a positive note today. Notably, Tega Industries IPO is opening for subscription today. The markets are expected to react to GDP numbers. Also, auto companies are likely to be in focus as they will release November sales data. Meanwhile, Asian stocks were mixed Wednesday as traders weighed Federal Reserve Chair Jerome Powell’s comments that officials should consider a faster removal of monetary stimulus amid high inflation. On Monday, the Indian share markets traded on a volatile note with the BSE Sensex down 195 points, while the Nifty dipped 70 points.

Anand Rathi IPO: GMP jumps ahead of opening date. Should you subscribe?

Anand Rathi IPO (Initial Public Offering) will open for subscription on 2nd December 2021 and it will remain open for bidding till 4th December 2021. India’s leading non-banking wealth solutions firm plans to raise ₹660 crore from its public issue and it has fixed price band of the issue at ₹530 to ₹550 per equity share. Ahead of subscription opening date, grey market has started to give positive signal in regard to Anand Rathi IPO. As per the market observers, shares of Anand Rathi Wealth are available at a premium of ₹125 in the grey market today.

Reliance Jio new prepaid plans start today

Reliance Jio new prepaid tariff plans start today, and if you wonder it would be any different from Bharati Airtel or Vodafone Idea pepaid packs then you must read this story. The Mukesh Ambani-owned telecom company has decided to increase the prepaid plans rate starting December 1, 2021. It came after two of its competitors, Airtel and Vodafone Idea did so to generate more revenue. The entire prepaid rates have been revised by nearly 20 per cent.
Punjab National Bank (PNB) cuts interest rates on savings accounts

The Punjab National Bank (PNB) has reduced the interest rate on its savings account for balances below ₹10 lakh to 2.80% per annum. The bank has also reduced the interest rates on savings account for balances above Rs10 lakh to 2.85%. The public sector bank has reduced the savings rate by 10 bps and 5bps on accounts having less than ₹10 lakh and more than ₹10 lakh respectively.

The revised domestic and NRI savings account interest is applicable from today, 1 December 2021, to both existing and new customers.

Asia stocks, U.S. futures climb; bond yields rise

Most Asian stocks rose Wednesday along with U.S. equity futures as traders weighed the Federal Reserve’s signal of stepped up efforts to fight inflation risks and official optimism about China’s outlook.

MSCI Inc.’s Asia-Pacific share index rose about 1%, with Hong Kong among the gainers. China’s Vice Premier Liu He said he’s fully confident about the Chinese economy next year, pledging enhanced support for businesses.

S&P 500 and Nasdaq 100 futures pushed higher, indicating some stabilization after U.S. stocks slumped overnight and measures of equity volatility jumped.

Petrol, diesel prices today

The petrol and diesel prices remain unchanged for about a month on Wednesday across the nations including major cities like Delhi, Mumbai, Kolkata and Chennai.

As of today, i.e. 1 December, the price of petrol in Delhi stands at ₹103.97 per litre while that of diesel is at ₹86.67 per litre. In Mumbai, cost of one litre of petrol is ₹109.98 per litre and diesel rates stand at ₹94.14 per litre.

Rakesh Jhunjhunwala portfolio: After climbing to its 52-week high of ₹536.70 levels, Tata Motors share prices have been under profit-booking pressure. The Rakesh Jhunjhunwala stock witnessed further correction after giving breakdown at ₹500 per share levels. According to stock market experts, this happened due to the weak Q2 results of the auto major. However, they said that Tata Motors is a quality stock and weak year-on-year result is mainly due to the recent Covid-19 lockdown and restrictions imposed across nation. They said that the stock is again available at discounted price and one should add the stock for long term.

GDP expands 8.4% in Jul-Sep quarter

The Indian economy expanded 8.4% in the September quarter, surpassing its pre-pandemic size, as vaccination picked up pace and services activity returned to normal after the disruptions caused by the devastating second wave of the pandemic in the June quarter.

In the first six months of the fiscal year, gross domestic product (GDP) growth averaged 13.7%, aided by a favourable base. As a result, most economists now expect growth to be around 9-10% in

Auto companies are likely to be in focus as they will release November sales data.

Tega Industries IPO to open for subscription today

Tega Industries IPO (Initial Public Offering) is opening for subscription today and it will remain open for bidding till 3rd December 2021. From this book build issue, company aims to raise ₹619.23 crore. The public issue is 100 per cent OFS (Offer for Sale) in nature. As expected, ahead of subscription opening, shares of Tega Industries have become available for trade. As per the market observers, Tega Industries shares are trading at a premium of ₹385 in the grey market today.

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