The Securities and Exchange Board of India (SEBI) has fined Reliance Big Entertainment Rs 26 crore for failure to clear penalties imposed by the capital markets regulator.

The company earlier failed to pay penalties in a case pertaining to illegal diversion of funds. SEBI issued the demand notice after Reliance Big Entertainment failed to pay the Rs 25 crore fine imposed by the regulator in August this year.

SEBI has directed the entity to pay Rs 26 crore, including interest and recovery costs within 15 days. If Reliance Big Entertainment fails to make the payment within the stipulated deadline, the regulator can attach its assets, including bank accounts.

The domestic market remains in correction terrain and from the recent peak, the main indices, Nifty and Sensex, have corrected around 10 per cent, according to trade experts.

This week, after showing sharp weakness on Tuesday and Wednesday, Nifty continued its decline amid range movement on Thursday and closed the day lower by 26 points. After opening on a slightly negative note, the market made an attempt of minor upside bounce in the early part of the session.

According to market watchers, weakness in Q2 FY25 results and sustained outflow of foreign funds weighed on the sentiment.

On the other hand, a spike in domestic CPI inflation to a 14-month high of 6.2 per cent, a firm dollar index, and a rising US 10-year yield signal that the volatility will continue in the short term.

“Investors are rushed to unwind their positions in the riskier assets as the continuity of the premium valuation without a fair earnings growth will not be sustained,” said Vinod Nair, Head of Research, Geojit Financial Services.

Denizens of New Delhi began another day with ‘severe’ levels of air pollution across the city on Saturday. The Indian Institute of Tropical Meteorology (IITM) has forecast ‘very poor’ air quality for the next six days.

In an immediate step to mitigate the effects of polluted air, Delhi Chief Minister Atishi, on Friday, announced a revision of working hours across government offices and to reduce traffic congestion.

The Indian economy is expected to clock a medium-term growth of 6.7 per cent on average between fiscal 2025 and 2031, and touch the $7 trillion mark, according to a report by rating agency CRISIL.

This would be similar to the 6.6 per cent growth seen in the pre-pandemic decade, driven by a capex push and surge in productivity.

The report projects India's Gross Domestic Product (GDP) growth at 6.8 per cent during the current financial year as high interest rates and stricter lending norms are expected to impact urban demand.

The Ministry of Defence (MoD) said on Thursday that the flight tests of the guided Pinaka Weapon System have been successfully completed.

MoD official said that the tests were part of Provisional Staff Qualitative Requirements (PSQR) Validation Trials, adding that the flight tests have been conducted in three phases at different field firing ranges.

Defence Minister Rajnath Singh has also complimented DRDO and the Indian Army for the successful PSQR validation trials of the system.

“The induction of this guided Pinaka Weapon System will further boost the artillery fire-power of the armed forces,” the Defence Minister said.

The Indian stock market remained in red for the sixth consecutive session on Thursday as selling was seen in the PSU bank, pharma, FMCG and metal sectors.

Sensex closed at 77,580.31 after dropping 110.64 points or 0.14 per cent and Nifty closed at 23,532.70 after a marginal decline of 26.35 points or 0.11 per cent.

Nifty Bank rose 91.20 points or 0.18 per cent to 50,179.55. Nifty Midcap 100 index closed at 54,043.10 at the end of trading after rising 242.25 points or 0.45 per cent.

The Nifty Small cap 100 index closed at 17,601.05 after rising 142.15 points or 0.81 per cent.

Buying was seen in the auto, IT, financial services, realty, media, private banks and infrastructure sectors of Nifty. PSU banks, pharma, FMCG and metal sectors remained under pressure.

 India’s inflation rate, based on the Wholesale Price Index (WPI), rose to 2.36% in October this year, compared to the same month of the previous year on the back of higher food prices, figures released by the Commerce and Industry Ministry on Thursday showed.

Inflation in October has risen from 1.84 per cent in September, primarily due to an increase in prices of food articles which jumped by 13.57 per cent during the month as vegetables such as potatoes and onions turned costlier following the damage to crops caused by the late withdrawal of the monsoon.

The wholesale price inflation in manufactured goods, which have a weightage of over 64 per cent in the index, rose by 1.5 per cent. There was a decline in prices in the fuel and power category with the inflation rate at a negative (-) 5.79 per cent, according to the official figures.

The Indian stock market opened flat on Thursday as buying was seen in IT, PSU banks, financial services and pharma sectors at Nifty.

In early trade at around 9:43 am, Sensex was at 77,728.24 after rising 37.29 points or 0.05 per cent while Nifty was at 23,562.05 after a marginal rise.

The market trend remained positive. On the National Stock Exchange (NSE), 1,486 stocks were trading in green, while 803 stocks were trading in red.

Nifty Bank was at 50,385.90 after rising 297.55 points or 0.59 per cent. Nifty Midcap 100 index was trading at 54,062.80 after gaining 261.95 points or 0.49 per cent. Nifty Small cap 100 index was at 17,573.25 after gaining 114.35 points or 0.66 per cent.

In Sensex pack, HCL Tech, Asian Paints, NTPC, IndusInd Bank, SBI, HDFC Bank and Tech Mahindra were the top gainers. At the same time, UltraTech Cement, Power Grid, Axis Bank, Hindustan Unilever, Maruti and M&M were the top losers.

The average number of daily e-transactions to access public services in India has increased by 56 per cent in 2024 compared to the previous year while there has been a transfer pf Rs 6.9 lakh crore through the digitally-powered Direct Benefit Transfers (DBT) under 314 schemes, benefiting 176 crore beneficiaries in the financial year 2023-24, RBI deputy Governor Michael Patra said on Wednesday.

Addressing the conference on ‘Digital Technology, Productivity and Economic Growth in India’, Patra said over the years, these DBTs have resulted in estimated cumulative cost savings of Rs 3.5 lakh crore up to March 2023.

The RBI deputy governor further stated that India is uniquely positioned to unlock new growth avenues and optimise existing ones with its digital public infrastructure (DPI), a vibrant information technology (IT) sector and a burgeoning youth population, including one of the largest AI talent bases.

Indian equity indices traded in deep red on Wednesday due to large selling in the heavyweights like Reliance Industries and HDFC Bank, among others.

Sensex was down 530 points or 0.67 per cent at 78,158 and Nifty was down 180 points or 0.76 per cent at 23,702 during the intra-day trading.

In the trading session, Sensex made an intra-day low of 77,959.

The market trend also remained negative. On the National Stock Exchange (NSE), 289 stocks were in the green and 2,163 stocks were in the red.

Due to heavy selling, the market capitalisation of all listed companies on the Bombay Stock Exchange (BSE) declined by over Rs 6 lakh crore to Rs 430 lakh crore. On Tuesday, it was Rs 436 lakh crore.

Driven by tier 2 and 3 cities, India’s e-commerce sector registered a gross merchandise value (GMV) of approximately $14 billion (more than Rs 1.18 lakh crore) in this year’s festive season, marking a 12 per cent growth over last year’s festive period, a report said on Wednesday.

This growth was fuelled by resilient consumer spending across categories, including quick commerce, electronics, fashion, beauty and personal care (BPC), home furnishings and groceries, according to the report by Redseer Strategy Consultants.

Higher engagement with premium products and low average selling price (ASP) items alike indicated a dynamic consumer market this festive season (from September 15 to October 31).

While high ASP products such as large appliances and premium electronics saw strong demand in metro areas, affordable items in fashion and BPC continued to drive frequency and growth in the other regions, the report mentioned.

The Indian stock market opened in red on Wednesday as selling was seen across sectors, except private banks, in early trade.

Sensex was trading at 78,260 after slipping 414 points and Nifty was trading at 23,706 after dropping 167 points.

The market trend remained negative. On the National Stock Exchange (NSE), 335 stocks were trading in green, while 1,948 stocks were trading in red.

Nifty Bank was at 51,194.40 after gaining 36.60 points or 0.07 per cent. Nifty Midcap 100 index was trading at 54,375.30 after falling 882.20 points or 1.60 per cent. Nifty Small cap 100 index was at 17,618.75 after a huge fall of 372.85 points or 2.07 per cent.

M&M, Tata Steel, Maruti, Sun Pharma, Reliance, Nestle India, JSW Steel and Power Grid were the top losers in the Sensex pack. NTPC, Bharti Airtel, Hindustan Unilever, Asian Paints, Kotak Mahindra Bank, Axis Bank and HDFC were the top gainers.

The Indian stock market closed in red on Tuesday as heavy selling was seen in all sectors except IT and realty.

India's main benchmark indices closed down by more than 1 per cent at the end of trading. Sensex fell 820.97 points, or 1.03 per cent, to 78,675.18 and Nifty settled at 23,883.45, down 257.85 points, or 1.07 per cent.

Selling was driven by banking stocks. Nifty Bank fell 718.95 points or 1.39 per cent to 51,157.80. Nifty midcap 100 index closed at 55,257.50 at the end of trading after falling 596.25 points or 1.07 per cent. The Nifty smallcap 100 index closed at 17,991.60 after falling 233.55 points or 1.28 per cent.

Among the sectoral indices, PSE, auto, PSU Bank, financial service, pharma, FMCG, metal, media, energy, private bank, and infra were major losers.

The Indian stock market opened flat on Tuesday as buying was seen in realty, media, IT, PSU bank, financial services and pharma sectors in early trade.

Sensex was trading at 79,584.29 after rising 88.14 points or 0.11 per cent. At the same time, Nifty was trading at 24,172.95 after rising 31.65 points or 0.13 per cent.

The market trend remained positive. On the National Stock Exchange (NSE), 1,525 stocks were trading in green, while 651 stocks were trading in red.

Nifty Bank was at 52,933.60 after rising 56.85 points or 0.11 per cent. The Nifty Midcap 100 index was trading at 56,230.10 after gaining 376.35 points or 0.67 per cent. At the same time, the Nifty Small cap 100 index was at 18,352.55 after gaining 127.40 points or 0.70 per cent.

The Indian stock markets closed flat on Monday as selling was seen in the auto, pharma, FMCG, and metal sectors.

Sensex closed at 79,496.15 after a marginal gain of 9.83 points or 0.01 per cent.

Nifty closed at 24,141.30 after a marginal decline of 6.90 points or 0.03 per cent.

Nifty Bank rose 315.55 points or 0.61 per cent to 51,876.75. The Nifty Midcap 100 index closed at 55,853.75 at the end of trading after falling 498.25 points or 0.83 per cent. Nifty Smallcap 100 index closed at 18,225.15 after falling 220.45 points or 1.20 per cent.

The monthly systematic investment plan (SIP) inflow made a new all-time high in India at Rs 25,323 crore in October, from Rs 24,509 crore in September, according to the latest data from the Association of Mutual Funds in India (AMFI) on Monday.

The SIP inflow was recorded at Rs 16,928 crore in the same month last year.

The number of SIP accounts stood at its highest ever at 10.12 crore in October 2024. It was 9.87 crore in September. Net 24.19 lakh SIP accounts were added in the last month.

According to AMFI data, open-ended mutual funds performed well in October. This was the 44th consecutive month that inflows into equity mutual fund schemes have been positive. Open-ended equity mutual fund inflows surged 21.69 per cent on a month-on-month (MoM) basis to Rs 41,887 crore in October.

Last month, strong investment was recorded in all categories including smallcap, midcap, and largecap.

The total assets under management (AUM) across mutual funds (MF) in India reached Rs 66.98 lakh crore in October, showing a marginal increase of 0.25 per cent against Rs 66.82 lakh crore in September, according to the latest data from the Association of Mutual Funds in India (AMFI) on Monday.

According to market experts, the month shows that investors have preferred hybrid funds due to the ongoing volatility in the equity markets.

The total inflows in the hybrid mutual fund categories surged 244 per cent to Rs 16,863 crore in October, as compared to Rs 4,901 crore in September.

“We are positive on the Indian economy and India's equity market will deliver a reasonably good return while comparing with other emerging markets,” said Hitesh Thakkar, Acting CEO, ITI Mutual Fund.

Domestic prices of gold slipped to Rs 77,000 per 10 grams on Monday due to poor demand after the festive season ended.

According to the Indian Bullion Jewelers Association (IBJA), the prices of 24-carat gold have slipped to Rs 77,030 per 10 grams. The rate of 22-carat gold is Rs 75,180 per 10 grams and the price of 20-carat gold is Rs 68,550 per 10 grams.

The price of 18-carat gold is Rs 62,390 per 10 grams and the price of 14-carat gold is Rs 49,680 per 10 grams.

Gold prices continue to fall after the sharp rise in October. The price of gold reached this month's lowest level of Rs 76,980 per 10 grams on November 6. The fall in prices is attributed to the continuous decline in demand after the festive season.

During the festive season, the price of 24-carat gold reached a high of Rs 81,500 per 10 grams on October 23.

The PM Internship Scheme, launched on October 3, 2024, is the world’s largest initiative of its kind, aimed at skilling one crore young Indians over the next five years. This scheme connects youth aged 21–24, who have completed their 10th, 12th, ITI, or graduation, with internships in the top 500 companies, chosen based on their Corporate Social Responsibility (CSR) contributions. During the first phase (2024-25), it aims to offer 1.25 lakh internships. The internship lasts for 12 months, providing hands-on experience in real-world settings across 25 sectors. Interns must spend at least six months in a work environment to gain relevant skills and explore career paths. This experience helps bridge the gap between academic learning and industry requirements, making young people more employable.

The Indian stock market recovered after facing initial losses on Monday as selling was seen in PSU banks, financial services, pharma and FMCG sectors in early trade.

Asian Paints shares dropped around 9 per cent after several brokerages showed disappointment over its poor Q2 results. Asian Paints posted a huge 42.4 per cent drop in net profit at Rs 694.6 crore in the July-September period (Q2 FY25), from Rs 1,205.4 crore in the year-ago period.

Sensex was trading at 79,388.77 while Nifty was trading at 24,140.15 in early trade.

The market trend remained positive. On the National Stock Exchange (NSE), 563 stocks were trading in green, while 1439 stocks were trading in red.

India's coal production from captive and commercial mines has exceeded 100 million tonnes (MT) in the current fiscal (as of November 8) which is a 33 per cent year-on-year growth, the government said on Saturday.

This time, the feat was achieved nearly 100 days earlier than the previous financial year, which was achieved in January 2024, thus marking a significant milestone in the nation's journey towards Viksit and Atmanirbhar Bharat.

According to a Ministry of Coal statement, the production from captive/commercial coal mines during the period of April 1 to November 8, 2024, is 100.08 MT, whereas the total production during the same period in FY 2023-24 was 75.05 MT -- indicating a year-on-year growth of 33 per cent.

Similarly, the total dispatch from captive/commercial coal mines during the period of April 1 to November 8 is 107.81 MT whereas the total dispatch during the same period in FY 2023-24 was 80.23 MT, indicating a year-on-year growth of 34 per cent.

The week saw Donald Trump returning to power in the US election amid a second consecutive rate cut by Fed this year, as the Indian stock market continued to experience consolidation due to heightened selling pressure from foreign institutional investors (FIIs).

This broad-based correction is particularly evident in sectors with excessive valuations, according to experts.

However, despite the massive FII selling, the stock market is resilient since the valuations are fair and every selling is being absorbed by domestic institutional investors (DIIs) and individual investors, particularly high-net-worth individuals (HNIs).

India's foreign exchange reserves fell by $2.6 billion to $682.13 billion as of November 1, data released by the Reserve Bank of India (RBI) showed on Friday.

However, gold reserves, which form part of the foreign exchange kitty, increased by $1.2 billion to $69.8 billion during the week, according to the central bank.

There has been a surge in gold buying amid geo-political tensions. According to industry experts, gold is now acting as a hedge against US economic sanctions too, traditionally being a safe haven asset and as a hedge against inflation. Despite inflation being moderated, gold has rallied to new highs. The share of gold in the country's forex reserves has also surged more than 210 per cent since 2018.

Gold prices continue to fall after the US presidential election and on Thursday, the December future contracts of gold on MCX opened with a decline of 0.37 per cent at Rs 76,369 per 10 grams, while silver December future contracts were trading 0.24 per cent low at Rs 90,601 per kg.

After the US elections, in the last two days, gold prices have fallen by Rs 2,100 per 10 grams and silver prices by Rs 4,050 per kg.

According to the India Bullion and Jewellers Association Ltd (IBJA), the price of 24-carat gold is Rs 76,570 per 10 grams, the price of 22-carat gold is Rs 74,720 per 10 grams, the price of 20-carat gold is Rs 68,130 per 10 grams and the price of 18-carat gold is Rs 62,201 per 10 grams.

Pranav Mer, Vice President, EBG-Commodity & Currency Research, JM Financial Services said that gold and most other commodities are trading in the negative territory, weighed by a strong US dollar as Donald Trump won the presidential race.

After a historic test flight of Starship last month, SpaceX on Thursday announced the sixth, aiming to launch on November 18.

During Starship’s fifth test flight in October, the Super Heavy booster successfully returned to the launch site and was caught by the “chopstick arms” and catch tower at Starbase.

For the next flight, the world's largest and most powerful rocket “aims to expand the envelope on ship and booster capabilities and get closer to bringing reuse of the entire system online”, SpaceX said in a statement.

While it once again aims to return to the launch site for the catch, other objectives include “reigniting a ship Raptor engine while in space”. It also plans to test “a suite of heatshield experiments and manoeuvring changes for ship reentry and descent over the Indian Ocean”.

The Indian stock market opened in red on Thursday as heavy selling was seen in metal, auto, financial service, pharma, FMCG, energy, private bank and infrastructure sectors in early trade.

Sensex was trading at 79,549 after falling more than 800 points or 1 per cent. At the same time, Nifty was trading at 24,241 after falling over 250 points or 1 per cent.

However, the market trend remained positive. On the National Stock Exchange (NSE), 1,250 stocks were trading in green, while 999 stocks were trading in red.

Nifty Bank was at 52,061.85 after falling 255.55 points or 0.49 per cent. Nifty Midcap 100 index was trading at 57,4.350 after rising 87.70 points or 0.15 per cent. At the same time, Nifty Small cap 100 index was at 18,886.40 after slipping 19.70 points or 0.10 per cent.

The air quality in Delhi-NCR remained alarmingly poor on Thursday, approaching 'severe' levels in multiple areas, with the average Air Quality Index (AQI) in the city recorded at 362, according to the Central Pollution Control Board (CPCB).

Several areas in Delhi exceeded the 400 AQI mark, which falls under the 'severe' category. Anand Vihar reported an AQI of 422, Jahangirpuri 431, and Wazirpur 428. Other localities, including Ashok Vihar (416), Mundka (421), and Rohini (403), also indicated dangerously high levels of pollution.

Meanwhile, most other regions in Delhi recorded AQI levels above 300, indicating 'very poor' air quality, with Alipur at 387, Burari Crossing at 377, and North Campus DU at 372, among others.

Sensex shed more than 900 points on Monday, as both Sensex and Nifty saw a decline of more than 1 per cent each, amid uncertainty over the results of the US presidential election and the Federal Reserve's monetary policy meeting this week.

There was some recovery in the market at the end of trading after the Sensex tanked more than 1,300 points in the morning trade.

The BSE Sensex closed down 941.88 points or 1.18 per cent. On the other hand, the NSE Nifty closed at 23,995.35 after falling 309 points or 1.27 per cent.

Mid and small cap indices also fell by 2 per cent. Nifty Bank fell 458.65 points or 0.89 per cent to 51,215.25. The Nifty Midcap 100 index closed at 55,784.55 after falling 711.50 points

The Indian stock market was trading deep in the red on Monday's mid-session as heavy selling was seen in the auto, metal, realty and energy stocks.

At 12 p.m., BSE Sensex was trading at 78,609, down 1,317 points or 1.65 per cent. On the other hand, NSE Nifty was trading at 23,862.55, down 441.80 points or 1.82 per cent during this time.

In the Sensex pack, shares of all companies except M&M and Tech Mahindra were trading in red. Sun Pharma, Reliance, NTPC, Tata Motors, Power Grid and Tata Steel were top losers.

The Indian stock market opened in the red on Monday as heavy selling was seen in auto, IT, PSU banks, financial services and FMCG sectors.

The BSE Sensex was trading at 79,021.43 after falling 702.69 points or 0.88 per cent in the early trade.

At the same time, the NSE Nifty was trading at 24,085.80 after losing 218.55 points or 0.9 per cent.

The market trend remained negative in the morning trade.

On the National Stock Exchange (NSE), 507 stocks were trading in the green, while 1777 stocks were trading in the red.

Nifty Bank was at 51,393.30 after falling 280.60 points or 0.54 per cent.

India’s consumer spending on goods is worth $1.29 trillion in 2024 and is expected to increase to 7.0 per cent in the next five years, according to a new report.

India’s expansion in electronics has, thus far, followed an assembly-to-component strategy, using tariffs and production-linked incentives to draw investment in the manufacturing of smartphones and other network-connected devices.

The sheer scale of sales opportunity in the Indian market has also provided “in-market, for-market” justifications for investments in manufacturing in the country, according to a latest forecast by S&P Global Market Intelligence.

“India’s consumer spending on goods is worth $1.29 trillion in 2024, S&P Global Market Intelligence forecasts show, with the inflation-adjusted growth of 4.8 per cent in the past five years, expected to increase to 7.0 per cent in the next five years,” according to the report.

State-owned Coal India Limited (CIL) stepped into its 50th year of inception, recording a spectacular 8.7-fold growth in production from 89 million tonne (MT) during 1975-76, to a massive 773.6 MT output in the FY 2024.

With 80 per cent of its entire supplies directed to coal-based power plants at highly competitive rates, CIL plays a key role in enabling citizens to get power at a just price.

The country’s largest coal company came into being on November 1, 1975, as an apex holding company of the nationalised coking coal (1971) and non-coking mines (1973).

Though CIL’s employee strength fell sharply by almost a third to 2.25 lakh now from 6.75 lakh employees during the early years of Nationalisation, the production has taken an upward leap.

The Indian Space Research Organization (ISRO) on Friday announced the launch of its first analog space mission, to study the challenges of extraterrestrial conditions that will help in future space missions.

The mission, which includes a compact, inflatable habitat named Hab-1 will simulate life in an interplanetary habitat. It is being held in Leh, in Ladakh.

Even as India plans to launch several space missions, the new mission will help understand the challenges that future astronauts may encounter on missions beyond Earth.

“India’s first analog space mission kicks off in Leh!” ISRO said in a post on X.

“This mission will simulate life in an interplanetary habitat to tackle the challenges of a base station beyond Earth,” the space agency added.

As the Indian stock market ended Samvat year 2080, investors' wealth surged by a whopping Rs 128 lakh crore (about $1.5 trillion at current exchange rate) to Rs 453 lakh crore in just one year.

This made Samvat 2080 the biggest wealth-creating year on record, banking upon a stable government, strong fundamentals s and record inflows by domestic funds which was at Rs 4.7 lakh crore.

The National Stock Exchange (NSE) saw its investor base crossing 20 crore. Amid strong interest from retail investors, 336 companies made their stock market debuts in Samvat 2080 — with 248 coming from the SME segment.

The Indian stock market closed in the red on Diwali day as Sensex fell more than 500 points. There was heavy selling in the IT sector.

Sensex closed at 79,389.06 after falling 553.12 points or 0.69 per cent. At the same time, Nifty closed at 24,205.35 after falling 135.50 points or 0.56 per cent.

The Nifty Bank fell 332.15 points or 0.64 per cent to 51,475.35. The Nifty Midcap 100 index closed at 56,112.85 after falling 226.40 points or 0.40 per cent at the end of trading.

The Nifty Smallcap 100 index closed at 18,602.60 after rising 211.70 points or 1.15 per cent.

Selling was seen in all sectors of Nifty, except pharma, media and energy.