The Nifty IT index fell over 1 percent on November 28, becoming the biggest laggard on the Nifty 50 after U.S. inflation data revealed an increase in consumer spending for October. The data raised concerns that the pace of future rate cuts may be slower than expected, potentially affecting sectors like information technology, which have significant exposure to the U.S. market.Data showed a strong ...

Shares of Life Insurance Corporation of India (LIC) gained by a percent to Rs 927 apiece on November 28 following reports indicating that the insurer is exploring a significant foray into the health insurance segment. LIC is reportedly in advanced discussions to acquire a substantial stake in ManipalCigna Health Insurance, with sources suggesting it may aim for a 50 percent stake in the company.Ma...

Shares of Zee Entertainment Enterprises Ltd (ZEEL) surged over 7 percent on Tuesday after Punit Goenka stepped down as Managing Director while continuing as the company’s Chief Executive Officer (CEO).In a regulatory filing, the company stated, "The Board has accepted the resignation of Punit Goenka as Managing Director of the company and appointed him as CEO." This move is aimed at allowing Goe...

Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, and appointments, here’s a quick look at which stocks will be in focus in today's trade:Western Carriers, GTPL Hathway, Kretto Syscon, Lotus Chocolate, Rhetan TMT, and Vivid Mercantile will release their quarterly earnings scorecard on October 9.Phoenix MillsThe company recor...

Wockhardt shares gained in the October 7 trade after its antibiotics for urinary tract infections were granted “fast track designation” by the US Food and Drug Administration (FDA).WCK 6777  also completed the Phase I study conducted by the National Institutes of Health, US, it said.At around noon, the stock was trading at Rs 974 on the National Stock Exchange, up 0.88 percent from the previo...