• SMC open account icon Open an A/C
    • Open an A/C
    • Trading A/c
    • Mutual Fund A/c
    • NBFC A/c
    • NPS A/c

Budget News

  • Indices off day's high; breadth remains strong
  • November 30,2021  11:32
  • Benchmark indices sharply pared gains in mid-morning trade. The Nifty slipped below the 17,150 mark. All sectoral indices on the NSE were trading in the green. Sentiment was dented after the Dow Jones index futures slipped 294 points, indicating a negative start in US stock market today.

    At 11:30 IST, the barometer index, the S&P BSE Sensex, rose 187 points or 0.33% at 57,447.79. The Nifty 50 index added 55.7 points or 0.33% at 17,109.65.

    In the broader market, the S&P BSE Mid-Cap index gained 1.01% while the S&P BSE Small-Cap index 1.11%.

    The market breadth was strong. On the BSE, 2141 shares rose and 952 shares fell. A total of 126 shares were unchanged.

    Primary Market:

    The initial public offer (IPO) of Star Health And Allied Insurance Company received bids for over 29.16 lakh shares as against 4.49 crore shares on offer, according to stock exchange data at 11:21 IST on Tuesday (30 November 2021). The issue was subscribed 6%.

    The issue opened for bidding on 30 November 2021 and it will close on 2 December 2021. The price band of the IPO is fixed at Rs 870-900. The IPO consists of a fresh issue to raise Rs 2,000 crore and an offer of sale (OFS) comprises issuing 5.83 crore equity share.

    Star Health and Allied Insurance Company is the largest private health insurer with 15.8% market share in the overall healthy industry. The company has strong retail health insurance market share at 31.3% in FY2021.

    Buzzing Index:

    The Nifty Bank index added 349 points or 0.97% to 36,325.75, snapping its three day losing streak. The index declined nearly 4% in three days.

    Bandhan Bank (up 3.66%), RBL Bank (up 3.66%), Axis Bank (up 2.2%), IndusInd Bank (up 1.78%), Federal Bank (up 1.67%), PNB (up 1.33%) and SBI (up 1.16%) were top gainers in banking space.

    Stocks in Spotlight:

    Earum Pharmaceuticals was locked in an upper-circuit of 5% at Rs 70.35 after the company fixed Saturday, 18 December 2021 as the record date for determining eligibility of members for the purpose of sub-division of the equity shares of the company.

    ITI jumped 2.07%. The company installed a 100 KW (kilo-watt) capacity captive rooftop solar power plant in Lucknow, Uttar Pradesh on 16 November 2021. The installed rooftop solar power plant has been set up using solar panels which have been manufactured at ITI's state-of-the-art solar panel manufacturing facility at Naini (Prayagraj), Uttar Pradesh.

    Global Markets:

    Most Asian indices were trading higher on Tuesday as Japanese stocks led gains regionally, with investors reacting to the release of Chinese factory activity data for November.

    China's factory activity unexpectedly picked up in November, growing for the first time in three months as raw material prices fell and power rationing abated. The official manufacturing Purchasing Manager's Index (PMI) was at 50.1 in November, up from 49.2 in October, data from the National Bureau of Statistics showed.

    Investors in the region also continued to track any developments surrounding the omicron variant, which the World Health Organization said is likely to spread further and poses a very high global risk.

    Powered by Capital Market - Live News

Economy News
Global News

Follow us:

  • fb icon
  • Twitter icon
  • Linkedin
  • you tube

Disclaimer: Investment in securities and commodities market are subject to market risks, read all the related documents carefully before investing. SMC Global Securities Ltd. (CIN : U67120DL1997PLC188881): NSE INB/ INF/INE 230771431, BSE INB/INF 011343937, MSEI INB/INF 260771432, CDSL/NSDL-IN-DP-130-2015, SMC Research Analyst Registration- INH 100001849 I SMC Global Securities Ltd.: NCDEX/MCX (8200)/ NMCE/ICEX-INZ000035839 I SMC Global Securities Ltd.: PMS INP000003435 I SMC Insurance Brokers Pvt. Ltd., IRDAI Regi: No: DB 272/04, License No. 289 Valid from 28-01-2020 to 27-01-2023 I Registered Office: 11/6B, Shanti Chamber, Pusa Road, New Delhi-110005, Tel.: (011) 30111000. For any complaints email –, website:

The Stock Exchange, Mumbai is not in any manner answerable, responsible or liable to any person or persons for any acts of omission or commission, errors, mistakes and/or violation, actual or perceived, by us or our partners, agents, associates etc., of any of the Rules, Regulations, Bye-laws of the Stock Exchange, Mumbai, SEBI Act or any other laws in force from time to time.

The Stock Exchange, Mumbai is not answerable, responsible or liable for any information on this Website or for any services rendered by our employees, our servants, and us.
By submitting your details to SMC, you are authorizing us to send promotional communication through Call/Email/SMS/Whatsapp even though you may be registered under DND.

Insurance is the subject matter of solicitation • All insurance products sold through SMC Insurance Brokers Pvt. Ltd. • Investment Banking Services provided by SMC Capitals Ltd. • Equity PMS and Wealth management services provided by SMC Global Securities Ltd. • IPOs and Mutual Funds distribution services are provided by SMC Global Securities Ltd. • Financing Services provided by Moneywise Financial Services Pvt Ltd. • Commodity broking services provided by SMC Global Securities Ltd. • Real Estate Advisory services are offered through SMC Real Estate Advisors Pvt. Ltd.


Toll-free : 1800-11-0909

Plus Minus 
Copyright ©2016 SMC. All Rights Reserved | Disclaimer | Privacy Policy | RMS Policy | Copyright| Testimonials| Sitemap| Grievance| design agency: triverse| Powered by C-MOTS Infotech (ISO 9001:2015 certified)

Open my trading account now!  X 

* All fields are compulsory