Today’s top morning headlines - 29th November 2023

Good afternoon,

Markets are trading in the green, with the NIFTY50 reclaiming and trading above 20,000 mark as of 1:00 pm. Here are the top stories for the day!

Top gainer: Heromoto: 3,769 ▲147 (+4.0%)
Top loser: ONGC: 192 ▼ 1.7 (-0.8%)

:star: Adani Group gains for the second straight day
Shares of Adani Group companies from Adani Total Gas (+11.8%) to Adani Energy Solutions (+0.8%) extended their gains for the second day in a row. Adani Group stocks are on the rise after a favourable verdict by the Supreme Court with regards to the Adani-Hindenburg issue.

:star: Munjal Auto gains after income tax demand reduced
Shares of the auto component manufacturer rose more than 5% today after the company said the Income Tax department has revised tax demand from ₹401 crore to ₹69.7 lakh. Further, the matter is under scrutiny assessment and the company expects no financial implications.

:star: Aether Industries falls after fire incident
Shares of the speciality chemicals maker declined more than 8% today after a fire incident at the company’s manufacturing site in Surat. As per the company, around 25 people were injured, with no casualties.

:star: IREDA shares lists at 56% premium
Government-owned India Renewable Energy Development Agency (IREDA) made an impressive market debut, listing at a premium of over 56% compared to its issue price of ₹32. The stock opened at ₹ 50 on both NSE and BSE.