Overview
- Benchmark indices opened weaker on Nov 3, with the Sensex falling about 240 points shortly after the bell and the Nifty also sliding from its previous close.
- Reliance Industries’ market value topped ₹20 lakh crore after a strong five-day run that added roughly ₹47,431 crore in investor wealth, even as weekly moves showed gains for SBI, Bharti Airtel and LIC and declines for six other top Sensex names.
- Kellton Tech’s board approved issuing up to $40 million in foreign currency convertible bonds, according to an exchange filing.
- MIC Electronics set a Nov 5 board meeting to consider fundraising options including QIP and FCCBs and disclosed Brickwork Ratings of BWR BB/Stable for fund-based facilities and BWR A4+ for non-fund-based.
- Additional catalysts included HMA Agro’s approval for about ₹70 crore in export-credit facilities and a ₹1 crore HDFC Bank commercial card limit, Paisalo Digital’s Nov 6 committee meeting on NCD allotment, LKP Securities’ appointment of two independent directors and a ₹50 lakh investment in its IFSC unit, Blue Cloud Softech’s $9.63 million security contract, and LIC Mutual Fund’s Nov 14–25 NFO window for a new consumption fund.