Quick Review
Prev Next
As on Nov 24, 2017 12:00 AM Your results on : Quick Review    
Indices gain for seventh day in a row
24-Nov-2017 (15:31)

Benchmark indices provisionally settled with modest gains as Government promulgating the ordinance to amend the Insolvency and Bankruptcy Code, 2016 perked up sentiment. The barometer index, the S&P BSE Sensex, advanced 91.16 points or 0.27% at 33,679.24, as per the provisional closing data. The Nifty 50 index rose 40.95 points or 0.4% at 10,389.70, as per the provisional closing data. Gains in global stocks also underpinned sentiment. Stocks gained for the seventh straight day.

The market opened higher and held firm in the positive terrain throughout the session.

The S&P BSE Mid-Cap index provisionally rose 0.58%. The S&P BSE Small-Cap index provisionally advanced 0.45%. Both these indices outperformed the Sensex.

The breadth indicating the health of the market, was positive. On BSE, 1,510 shares rose and 1,225 shares declined. A total of 159 shares were unchanged.

IT stocks gained for the second straight day. Tech Mahindra (up 1.03%), HCL Technologies (up 0.39%), Infosys (up 1.77%), TCS (up 0.53%) and Wipro (up 0.2%) gained.

Reliance Industries gained 0.47% after Reliance Marcellus II, LLC, a subsidiary of Reliance Holding USA, Inc., and Reliance Industries announced the closing of recently announced sale of its interest in certain upstream assets; which were operated by Carrizo Oil & Gas, Inc to BKV Chelsea LLC, an affiliate of Kalnin Ventures.

In a transaction announced on 6 October 2017, Reliance agreed to sell its entire working interest in these upstream assets to BKV Chelsea for purchase consideration of $126 million with an effective date of 1 April 2017. Additionally, under the definitive documents, a contingent amount of up to $11.25 million may be paid to Reliance between years 2018 to 2020 based on certain gas price thresholds being achieved.

The transaction closed on 21 November 2017 and Reliance received the purchase consideration subject to usual and customary purchase price adjustments. The announcement was made before market hours today, 24 November 2017.

Mahindra & Mahindra rose 0.93% after the company announced that it will collaborate with Uber, the global transportation technology company, to explore the deployment of electric vehicles (EVs) on the Uber platform in several cities across India.

To begin with, the companies will deploy hundreds of electric vehicles in Delhi and Hyderabad. M&M's electric vehicles on the Uber platform will include the e20Plus hatch and the eVerito sedan. As part of this collaboration, both the companies will also explore deployment of M&M electric vehicles to other cities. The announcement was made during market hours today, 24 November 2017.

Indian Hume Pipe Company rose 1.52% after the company said it has secured work order of Rs 119.73 crore from Public Health & Municipal Engineering department, Government of Andhra Pradesh - Ongole Municipal Corporation, for providing water supply improvements scheme under AMRUT project. The project is to be completed within 15 months. The announcement was made during trading hours today, 24 November 2017.

On the macro front, the Government of India promulgated yesterday, 23 November 2017, the ordinance to amend the Insolvency and Bankruptcy Code, 2016. Earlier, the President of India had given his assent to the ordinance to amend the code.

The ordinance aims at putting in place safeguards to prevent unscrupulous, undesirable persons from misusing or vitiating the provisions of the code. The amendments aim to keep-out such persons who have wilfully defaulted, are associated with non-performing assets, or are habitually non-compliant and, therefore, are likely to be a risk to successful resolution of insolvency of a company.

In addition to putting in place restrictions for such persons to participate in the resolution or liquidation process, the amendment also provides such check by specifying that the committee of creditors ensure the viability and feasibility of the resolution plan before approving it. The Insolvency and Bankruptcy Board of India (IBBI) has also been given additional powers.

Meanwhile, the Cabinet Committee on Parliamentary Affairs today, 24 November 2017, recommended that the winter session of Parliament be held from 15 December 2017 to 5 January 2018. The ensuing winter session will have a total of 14 sittings over a duration of 22 days. Three bills are to be taken up in the coming winter session to replace three ordinances namely, the Goods & Services Tax (Compensation to States) Ordinance, 2017 (promulgated on 2 September 17); Insolvency & Bankruptcy Code (Amendment) Ordinance, 2017 and Indian Forest (Amendment) Ordinance, 2017.

Overseas, European stocks edged higher in sluggish post-Thanksgiving trading. Asian stocks gained after volatile trade. Japanese manufacturing activity expanded at the fastest pace in more than three years in November, a preliminary survey showed. The Markit/Nikkei Japan Manufacturing flash Purchasing Managers Index (PMI) rose to 53.8 in November on a seasonally adjusted basis from a final reading of 52.8 in October.

US stock markets remained closed yesterday, 23 November 2017 on account of Thanksgiving holiday.

Indices gain for sixth straight day
23-Nov-2017 (15:35)
Indices gain for fifth day in a row
22-Nov-2017 (15:34)
Indices gain for fourth straight day
21-Nov-2017 (15:35)
Market provisionally settles with tiny gains
20-Nov-2017 (15:37)
Market extends previous session's gains
17-Nov-2017 (15:39)
Market recovers after recent slide
16-Nov-2017 (15:32)
Market falls for third straight session
15-Nov-2017 (15:34)
Market registers modest losses
14-Nov-2017 (15:36)
Nifty hits lowest level in almost 3 weeks
13-Nov-2017 (15:35)
Market ends higher amid volatility
10-Nov-2017 (15:35)
Sensex, Nifty end with small gains
09-Nov-2017 (15:33)
Market declines for 2nd straight session
08-Nov-2017 (15:35)
Market tumbles as crude oil boils
07-Nov-2017 (15:38)
Market ends almost flat
06-Nov-2017 (15:33)
Market settles with modest gains
03-Nov-2017 (15:48)
Volatile session ends with loss
02-Nov-2017 (15:37)
Market spurts on broad-based buying support
01-Nov-2017 (15:40)
Key benchmarks correct on profit booking
31-Oct-2017 (15:38)
Key benchmarks rise on broad-based buying support
30-Oct-2017 (15:35)
Connect with us :   
About us
Our Services
Core Values
Investor Relations
Product & Services
Institutional Broking
Clearing Services
Trade & Products
Globe Connect Pro
Globe Trade Smart
Globe Connect Mobile/Tablet
Globe News Connect
Globe e-KYC Application
Back Office
Back Office
KYC/KDC Status
Mutual Fund
RMS Policy
Download Forms
Useful Links
Exchange Holidays
Policies, Procedures, Rights, Obligations and RDD
Guidance Note on FATCA and CRS May 2016
Right and Obligation, RDD, Guidance Note in Vernacular Language - Equity | Commodity
Additional Risk Disclosure for Trading into Commodity options
In case of any grievances pleae write to / (For Trading) (For DP) (For PMS) (For Commodities)
SEBI Regn. No. NSE.:INB/INF/INE 230663732, TM No.:06637, Clearing No.- M50302 | SEBI Regn. No. BSE.:INB/INF/INE 010663731, Clearing No.- 3179 | SEBI Regn No. MSEI :INB/F 260663738, INE 260663732, TM Code-1004, Clearing Member Code- 4 | USE SEBI Regn no. - INE 270663732 , CM code: 06637 | SEBI Regn for DP : IN-DP-NSDL-97-99, NSDL- DP ID: IN300966, CDSL DP ID: 12020600 | Research Analysts Regn No. INH100001187 | PMS Regn No. INP000002361
* Through subsidiary Globe Commodities Ltd. --> Commodity SEBI Regn. No. - INZ000024939, Exchange Regn. Nos. - MCX CM ID: 8550 TM ID: 10735, NCDEX CM ID: M50011 TM ID: 00012, NMCE ID: CL0111, ICEX ID: 1009, NCDXSPOT-CR-07-10011,
** Through step in subsidiary Globe Comex International DMCC --> DGCX **TM Id.1064, CM Id.3064*
"We also do Pro-Account trading in Commodity Segment.."
"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."
Attention Investors:
"Prevent Unauthorised transactions in your account --> Update your mobile numbers/email IDs with your Stock Brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day .......... Issued in the interest of investors"
"Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL/CDSL on the same day......................issued in the interest of investors."
"No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
© 2013 Globe Capital Market Limited. All rights reserved
Designed, Developed and Content powered by C-MOTS Infotech (ISO 9001:2008 Certified) Privacy Policy Disclaimer Terms and Conditions