BUSINESS
Gautam Adani calls on Mamata Banerjee at Nabanna
Trinamool Congress all-India General Secretary Abhishek Banerjee was also present during the meeting. Though there was no official briefing detailing the discussions that took place in the meeting, sources in the Chief Minister's Office (CMO) confirmed that Adani expressed his interest in investing in the state. Banerjee assured Adani all sorts of help from the government and also invited him for the Bengal Global Business Summit scheduled in April next year.
Indian equities stay in green; Adani Ports, Power Grid top gainers
Besides, healthy GST collections along with strong manufacturing growth data kept the positive sentiment intact. However, fears of a potential rise in the number of Omicron infections in several countries, including India, capped the upside in indices. Initially, the market opened on a positive note and remained in the green throughout the session.
Fuel prices remain static barring Delhi
Accordingly, diesel and petrol prices in Delhi stood at Rs 86.67 per litre and Rs 95.41 per litre, respectively.
Notably, prices of petrol in Delhi had been static at Rs 103.97 per litre since the past one month. Prices have fallen in Delhi as it reduced the value added tax on the fuel from 30 per cent to 19.40 per cent. This decision was taken during a Cabinet meeting chaired by Chief Minister Arvind Kejriwal on Wednesday.
Equity indices extend gains, Power Grid top gainer
At 9.30 a.m., the S&P BSE Sensex traded at 57,992 points, up 0.5 per cent. It opened at 57,781 points from the previous close of 57,684 points. Till now it touched a low of 57,680 points. Besides, the broader 50-scrip Nifty at the National Stock Exchange (NSE) opened at 17,183 points after closing at 17,166 on Wednesday.
India's Nov exports rise over 26%, imports over 57%
Exports in November 2020 stood at $23.62 billion. According to the data furnished by the Ministry of Commerce and Industry, last month's exports rose by 15.93 per cent over November 2019. The value of non-petroleum and non-gems and jewellery exports rose to $23.66 billion, registering a positive growth of 22.16 per cent over November 2020.
Anand Rathi Wealth raises Rs 193.87 cr from 12 anchor investors
On Wednesday, the company informed the bourses that it has allocated 35,25,000 shares at Rs 550 per share to anchor investors. Besides, out of the total allocation of 35,25,000 equity shares to the anchor investors, 31,58,022 equity shares were allocated to mutual funds through schemes amounting to Rs 173.69 crore or 89.59 per cent of the total anchor book size.
Subdued festive demand dents Hero MotoCorp's Nov sales
The total sales during last month declined to 349,393 units from 591,091 units sold during the corresponding period of last year. "Delay in harvesting due to the late withdrawal of monsoon in many parts of the country, impacted the demand post festive season," the company said.
India's renewable growth rate accelerating faster: IEA
Despite the rising costs of key materials used to make solar panels and wind turbines, the addition of new renewable power capacity this year is forecast to rise to 290 gigawatts (GW) in 2021, surpassing the previous all-time high set last year, according to the latest edition of the International Energy Agency's annual Renewables Market Report.
Maruti Suzuki's Nov sales fall to 139,184 units
Total sales last month fell on a year-on-year basis to 139,184 units from 153,223 units during the same period of the corresponding year. Besides, domestic sales were 113,017 units, and sales to other original equipment manufacturers stood at 4,774 units. The automaker exported 21,393 units in November, which is its highest ever in a month, it said.
Healthy macro-data buoys equity indices; Sensex, Nifty up over 1%
Initially, the market opened on a positive note and remained in the green throughout the session. Also, positive global cues lent some support to the domestic indices, analysts said. On the domestic market front, sectors such as metals and auto were in focus. Notably, India's GST collections rose on both sequential and year-on-year basis to Rs 1,31,526 crore in November.
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