Today’s top morning headlines - 30th November 2023

Good afternoon,

Markets are trading in the red, with the NIFTY50 trading near 20,050 as of 1:00 pm. Here are the top stories for the day!

Top gainer: SBI Life: 1,441 ▲33 (+2.3%)
Top loser: Adani Enterprises: 2,344 ▼ 52 (-2.1%)

:star: Aurobindo Pharma rises on USFDA nod
Shares of the pharma major rose more than 2% intraday after its wholly owned subsidiary, Eugia Pharma Specialities, received a USFDA nod to manufacture and market budesonide inhalation suspension. This drug is used to treat asthma.

:star: Tata Technologies’ bumper listing
Shares of Tata Technologies list at a premium of 140% compared to the issue price of ₹500 per share. The IPO, which was open for subscription between 22 November and 24 November, had received strong investor interest.

:star: Metro Brands gains on tie-up with Foot Locker Inc
Shares of Metro Brand are trading at their 52-week high, up 3.9%. This comes after it signed a long-term licensing agreement with US-based footwear retailer Foot Locker Inc. Under the agreements, Metro Brands will have the exclusive rights to own and operate Foot Locker stores within India.

:star: IREDA shares continue to shine
Shares of the newly listed company continued their upward march and are up 13% today. After making a stellar debut on the exchanges yesterday, Indian Renewable Energy Energy Development Agency’s stock is up 103% in just two trading sessions.