INSUBCONTINENT EXCLUSIVE:
Latent View Analytics made a stellar stock market debut on Tuesday the stock opened for trading at Rs 512 against IPO price of Rs 197,
marking an upside of 160 per cent
The IPO was subscribed a whopping 326 times
In other business news, the Sensex and Nifty recovered most of their intraday losses on the back of buying interest in metal, auto and
In the opening deals, Sensex fell over 700 points and Nifty 50 index touched an intraday low of 17,216.Future Retail Employees Urge Top
assets and rule against Amazon.com Inc in an ongoing dispute, citing risks to 27,000 jobs, according to a legal filing seen by
Reuters.Future has failed to close its $3.4 billion deal to sell its retail assets to market leader Reliance Industries due to successful
legal challenges by Amazon, which argues that Future violated some pre-existing contracts the two sides had struck, by deciding to sell its
retail assets to Reliance.Source: ReutersCryptocurrencies Post Inflows In Latest Week, Led By Bitcoin: ReportCryptocurrency products and
funds posted inflows in the latest week, with investors undeterred by the latest price corrections, weekly data from digital asset manager
CoinShares showed on Monday.Institutional investors poured in $154 million in the crypto sector in the week ended November 19, with a
year-to-date total of $9.2 billion, already exceeding total inflows of $6.7 billion in 2020.Source: ReutersVedanta Surges Nearly 8% On Heavy
Trading VolumesShares of billionaire Anil Agarwal-led Vedanta Limited - rose as much as 7.74 per cent to hit an intraday high of ? 354 on
the back of heavy trading volumes
As many as 4.33 crore Vedanta shares changed hands by 11:19 am, on the BSE, compared with an average of 14.13 lakh shares traded daily in
the past two weeks, data from BSE showed
Promoters of Vedanta - Twin Star Holdings and Vedanta Netherlands Investments B.V
are looking to purchase up to 17 crore equity shares of the company at an indicative price of ? 350 per share, valued at ? 5,950 crore,
newspaper Business Standard reported on Monday.Sensex, Nifty Off Day's Lows; Metal Shares OutperformThe Indian equity benchmarks came off
intraday lows but were trading with a negative bias
The 30-stock Sensex was down 275 points or 0.47 per cent at 58,222 and Nifty was down 40 points to 17,376.Aramco Eyes New Investments In
India After Reliance Scraps DealSaudi Aramco said it will continue to look for investment opportunities in India, days after Reliance
scrapped a plan to sell a stake in its oil-to-chemicals unit to the Middle Eastern company."India offers tremendous growth opportunities
over the long term," Aramco said in a statement on Sunday
It will "continue to evaluate new and existing business opportunities with our potential partners."Aramco had signed a non-binding letter of
intent in August 2019 for a potential 20% stake in Reliance's oil-to-chemicals unit valued at about $15 billion
Straight DayFuel prices were kept unchanged for the 19th consecutive day on Tuesday
Earlier on November 4, the government had slashed excise duty on petrol and diesel to bring rates slightly down from the record-high
levels.In the national capital, petrol is currently sold for ? 103.97; while diesel rate stood at ? 86.67, according to Indian Oil
In Mumbai, petrol is retailed at ? 109.98 per litre; while diesel is being sold at ? 94.14 per litre.US Set To Unveil Emergency Oil Release
In Bid To Fight High PricesThe United States is expected to announce a loan of crude oil from its emergency stockpile on Tuesday as part of
a plan it hashed out with major Asian energy consumers to lower energy prices, a Biden administration source familiar with the situation
said.The move is designed to tame soaring energy prices after the OPEC producer group and its allies rebuffed repeated requests from
Washington and other consumer nations to pump more quickly to match rising demand.Oil Slips On Plans To Tap Emergency Crude ReservesOil
prices fell on Tuesday, reversing gains in the previous session, on growing talk the United States, Japan and India will release crude
reserves to tame prices despite the threat of demand faltering as COVID-19 cases flare up in Europe.The United States is expected to
announce a loan of crude oil from its emergency stockpile on Tuesday as part of a plan it hashed out with major Asian energy consumers to
lower energy prices, a Biden administration source familiar with the situation said.MobiKwik, Smaller Rival Of Paytm, May Defer IPO:
ReportDigital payments firm MobiKwik could delay its initial public offering (IPO) by two to three months and could even push it to the next
financial year as it struggles to get foreign institutional backers at the right valuation, the Economic Times newspaper said on Tuesday.The
report comes days after larger rival Paytm's dismal market debut that saw its shares tumble more than 27 per cent, raising questions about
upcoming offerings in India's until-now red hot IPO market.Latent View Analytics Makes Stellar Market DebutShares of Latent View Analytics
opened for trading at Rs 512, marking an upside of 160 per cent from its IPO price of Rs 197 per share
Latent View Analytics' IPO was subscribed a whopping 326 times.JSW Steel, Tata Steel, Tata Motors Among Top GainersJSW Steel, Tata Steel,
Tata Motors, Adani Ports, Coal India, Hindalco, Indian Oil, Divi's Labs, Power Grid and Maruti Suzuki were among the gainers.Infosys,
Labs, SBI Life, IndusInd Bank and Asian Paints were among the losers.Broader Markets Outperform Larger PeersMid- and small-cap shares were
also witnessing buying interest as Nifty Midcap 100 index rose 0.43 per cent and Nifty Smallcap 100 index advanced 0.73 per cent.Nifty Metal
Index Top Sectoral GainerSeven of 11 sector gauges compiled by the National Stock Exchange were trading higher led by the Nifty Metal
index's nearly 2 per cent gain
Nifty Realty, PSU Bank, Media and Auto shares were also witnessing buying interest.
