The headline equity indices traded with significant losses in mid-morning trade. The Nifty slipped below the 24,450 mark. Oil & gas shares extended losses for the second consecutive trading session. At 11:29 IST, the barometer index, the S&P BSE Sensex, dropped 759.32 points or 0.93% to 80,989.25. The Nifty 50 index slipped 230.85 points or 0.94% to 24,437.40. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.09% and the S&P BSE Small-Cap index added 0.11%. The market breadth was negative. On the BSE, 1,847 shares rose and 1,980 shares fell. A total of 127 shares were unchanged. Economy India's total exports (Merchandise and Services combined) for November 2024 are estimated at USD 67.79 Billion, registering a positive growth of 9.59 percent vis-'-vis November 2023. Total imports (Merchandise and Services combined) for November 2024 are estimated at USD 87.63 Billion, registering a positive growth of 27.47 percent vis-'-vis November 2023. IPO Update: The initial public offer (IPO) of International Gemmological Institute (India) received bids for 8,06,86,830 shares as against 5,85,60,902 shares on offer, according to stock exchange data at 11:10 IST on 16 December 2024. The issue was subscribed to 1.38 times. The issue opened for bidding on 13 December 2024 and it will close on 17 December 2024. The price band of the IPO is fixed between Rs 397 and Rs 417 per share. An investor can bid for a minimum of 35 equity shares and in multiples thereof. Buzzing Index: The Nifty Oil & Gas index declined 0.86% to 10,999.70. The index fell 1.43% in two consecutive trading sessions. Mahanagar Gas (down 1.78%), Oil India (down 1.63%), Gujarat State Petronet (down 1.62%), Indraprastha Gas (down 1.42%), Reliance Industries (down 1.29%), Bharat Petroleum Corporation (down 1.17%), Gujarat Gas (down 0.94%), Oil & Natural Gas Corpn (down 0.87%), GAIL (India) (down 0.84%) and Indian Oil Corporation (down 0.75%) declined. On the other hand, Aegis Logistics (up 2.13%), Adani Total Gas (up 0.97%) and Petronet LNG (up 0.71%) edged higher. Stocks in Spotlight: RailTel Corporation of India added 0.94%. The company said that it has received the work order from Central Warehousing Corporation for works amounting to Rs 37.99 crore. NITCO rose 1.64% after the company said that it has secured Rs 105.40 crore order from Prestige Estates Projects for the supply of tiles, marble, and mosaic. Global Markets: Asian stocks declined on Tuesday as investors awaited a crucial week for central bank policy decisions. The U.S. Federal Reserve is widely expected to cut rates on Wednesday, while the Bank of Japan is likely to maintain its current stance. This week sees policy meetings from central banks in the United States, Japan, UK, Sweden, Norway, Indonesia, and Thailand. The Bank of England, Norges Bank, and Bank of Thailand are anticipated to hold rates steady, while the Riksbank might opt for a rate cut. Bank Indonesia is expected to raise rates to support the weakening rupiah currency. Data released on Monday revealed a steeper-than-expected slowdown in China's consumer spending during November, negatively impacting stocks. Retail sales rose only 3% year-on-year, which is the weakest growth in three months and significantly lower than October's 4.8% increase. In the US, major US technology stocks continued their upward momentum on Monday, propelling the Nasdaq Composite to record highs. However, the Dow Jones Industrial Average lagged behind, reflecting ongoing investor uncertainty about economic policies under the new administration. The S&P 500 rose 0.38% to 6,074.10 points, while the NASDAQ Composite surged 1.24% to a record high of 20,204.58 points. The Dow Jones Industrial Average fell 0.25% to 43,717.48 points. The chip sector experienced a rally, mirroring Broadcom Inc.'s continued gains fueled by strong earnings and guidance related to artificial intelligence. The prospect of lower interest rates in the near future also boosted other prominent tech companies like Apple, Amazon, and Alphabet. Powered by Capital Market - Live

The scope of the project involves supply, installation, testing and commissioning (SITC) of CCTV cameras. The contract has to be executed by 16 May 2025. RailTel a mini ratna (category-I) central public sector enterprise, is one of the largest neutral telecom infrastructure providers in the country owning a Pan-India optic fiber network covering several towns & cities and rural areas of the country. RailTel Corporation of India reported a 6.58% rise in standalone net profit to Rs 72.64 crore on 40.78% jump in revenue from operations to Rs 843.49 crore in Q2 FY25 over Q2 FY24. The scrip rose 0.92% to currently trade at Rs 445.81 on the BSE. Powered by Capital Market - Live

RailTel Corporation of India has received the work order from Mahatma Phule Krishi Vidyapeeth, Taluka-Rahuri, District-Ahilyanagar for setting up of Virtual Classrooms with all equipements, Setting Up of Digital Classroom with all necessary equipment, Provision of Videowall,Supply and Installation of Aadhar based System amounting to Rs. 11.11 crore. Powered by Capital Market - Live

RailTel Corporation of India has received the work order from Haryana State Electronics Development Corporation for CAMC amounting to Rs. 24.50 crore (Including Tax).Powered by Capital Market - Live

In first order, the company informed that it has received the work order from Employees Provident Fund Organisation for MPLS Services for 140 locations as per purchase order issued by EPFO amounting to Rs 16,22,32,280. The contract is set to be completed by 31 March 2027. In another order, the company has received the work order from Pcste South Central Railways for MOU between SCR and RCIL for Provision of EPC Core Infrastructure for 4G LTE-R in 523 RKM of Secunderabad Division in SCR amounting to Rs 13,34,19,779. The project is scheduled for completion by 4 December 2027. Both orders were received on 6 December 2024 and officially announced on 7 December 2024. RailTel a Mini Ratna (Category-I) central public sector enterprise, is one of the largest neutral telecom infrastructure providers in the country owning a Pan-India optic fiber network covering several towns & cities and rural areas of the country. RailTel Corporation of India reported a 6.58% rise in standalone net profit to Rs 72.64 crore on 40.78% jump in revenue from operations to Rs 843.49 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live

The key equity indices erased all early gains and traded with minor losses in morning trade. The Nifty slipped below the 24,450 mark. PSU bank shares declined after advancing in the past two consecutive trading sessions. Trading could be volatile due to weekly F&O series expiry today. At 10:29 IST, the barometer index, the S&P BSE Sensex slipped 122.01 points or 0.16% to 80,834.49. The Nifty 50 index lost 57.65 points or 0.24% to 24,409.80. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.10% and the S&P BSE Small-Cap index added 0.15%. The market breadth was positive. On the BSE, 1,976 shares rose and 1,641 shares fell. A total of 181 shares were unchanged. Buzzing Index: The Nifty PSU Bank index slipped 0.81% to 7,076.55. The index rallied 4.82% in past two consecutive trading sessions. Indian Overseas Bank (down 2.53%), Punjab & Sind Bank (down 2.17%), UCO Bank (down 2.08%), Indian Bank (down 1.98%), Central Bank of India (down 1.67%), Punjab National Bank (down 1.51%), Union Bank of India (down 1.36%), Canara Bank (down 1.11%), Bank of India (down 1.09%) and Bank of Maharashtra (down 1.09%) declined. Stocks in Spotlight: Railtel Corp declined 1.39%. The company has received a work order worth Rs 10.64 crore from GAIL for MPLS & Point-to-Point Leased Line Links. Mastek shed 0.86%. The company's chief financial officer (CFO), Arun Agarwal has resigned. Ipca Laboratories slipped 1.13%. The company has received necessary approval for voluntary closure of its wholly owned subsidiary, Ipca Pharmaceuticals SA de CV, Mexico. Powered by Capital Market - Live

The order includes MPLS and point-to-point leased line links. The project is scheduled for completion by 11 February 2025. RailTel, a Mini Ratna (Category-I) central public sector enterprise, is one of the largest neutral telecom infrastructure providers in the country, owning a Pan-India optic fiber network covering several towns & cities and rural areas of the country. GAIL (India) is the largest state-owned natural gas processing and distribution company in India. The company has a diversified business portfolio and has interests in the sourcing and trading of natural gas, production of LPG, liquid hydrocarbons, and petrochemicals, transmission of natural gas and LPG through pipelines, etc. GAIL has also participated in interest in India and overseas in oil and gas blocks. The Government of India holds 51.92% in the paid-up equity capital of the company as of 30 September 2024. Shares of Railtel Corporation of India fell 1.18% to Rs 416.10 while those shares of Gail (India) rose 0.53% to Rs 207.90 on the BSE.Powered by Capital Market - Live

RailTel Corporation of India has received the work order from Gail (India) for MPLS & Point-toPoint Leased Line Links amounting to Rs. 10.64 crore. Powered by Capital Market - Live

The order includes the deployment of cloud services for the Railway Board. The project is scheduled for completion by 27th February 2025. RailTel a Mini Ratna (Category-I) central public sector enterprise, is one of the largest neutral telecom infrastructure providers in the country owning a Pan-India optic fiber network covering several towns & cities and rural areas of the country. RailTel Corporation of India reported 6.58% rise in standalone net profit to Rs 72.64 crore on 40.78% jump in revenue from operations to Rs 843.49 crore in Q2 FY25 over Q2 FY24. Shares of RailTel Corporation of India rose 0.40% to settle at Rs 409.30 on Friday, 29 November 2024. Powered by Capital Market - Live

The key equity barometers traded near the flatline with some positive bias in the mid-morning trade. The Nifty traded above the 23,200 level. Media shares extended gains for the third consecutive trading session. At 11:30 IST, the barometer index, the S&P BSE Sensex, was up 40.16 points or 0.05% to 80,044.22. The Nifty 50 index rose 11.20 points or 0.05% to 24,205.70. In the broader market, the S&P BSE Mid-Cap index rose 0.02% and the S&P BSE Small-Cap index added 0.73%. The market breadth was strong. On the BSE, 2,442 shares rose and 1,275 shares fell. A total of 154 shares were unchanged. Buzzing Index: The Nifty Media index rose 0.42% to 1,951.35. The index added 3.10% in three consecutive trading sessions. Saregama India (up 2.24%), Zee Entertainment Enterprises (up 1.77%), Network 18 Media & Investments (up 1.45%), Dish TV India (up 1.12%), Nazara Technologies (up 0.87%), Den Networks (up 0.58%), Sun TV Network (up 0.36%) added. On the other hand, Hathway Cable & Datacom (down 8.31%), Tips Music (down 0.73%) and PVR Inox (down 0.66%) edged lower. Stocks in Spotlight: RailTel Corporation of India gained 4.29% after the company received a work order from the Kakinada Smart City Corporation for SITC and operations & maintenance of the existing communication center of KSCCL, Kakinada, located in Andhra Pradesh amounting to Rs 15.21 crore. Zaggle Prepaid Ocean Services hit an upper circuit of 5% after the company entered into an agreement with Mastercard Technology (MasterCard) for 7 years. Talbros Automotive Components zoomed 12.30% after the company, along with its JV's, received orders worth Rs 475 crore for both the domestic and export markets from the leading OEM's. Global Markets: Asian stocks traded lower on Wednesday amid lingering concerns over Donald Trump's tariff plans, which had rattled emerging markets in the previous session. Speculation about the role tariffs would play in the president-elect's economic agenda intensified as reports surfaced that Jamieson Greer, a prot'g' of Robert Lighthizer, was being considered for US Trade Representative. This selection underscores the administration's focus on protectionist trade policies. In Australia, the consumer price index (CPI) inflation grew by 2.1% year-on-year in October, falling short of expectations due to government subsidies that helped reduce energy costs. However, core inflation, represented by the annual trimmed mean inflation, rose to 3.5% in October from 3.2% the previous month, pushing further above the Reserve Bank's target range. US stocks advanced on Tuesday, as strength in technology shares counterbalanced worries about potential tariff escalations under Donald Trump's administration. The S&P 500 climbed 0.57%, the Dow Jones Industrial Average rose 0.28%, and the NASDAQ Composite gained 0.63%. Among the Magnificent Seven tech stocks, five closed higher, led by Amazon.com Inc., which surged over 3%. The rally followed reports from Bloomberg that Amazon plans to reduce its reliance on NVIDIA Corporation by developing its own custom artificial intelligence chips. Investors also weighed mixed signals on U.S. interest rates. Minutes from the Federal Reserve's November meeting revealed a split among policymakers regarding the path of future rate cuts. They highlighted uncertainty about the neutral rate, a level that neither stimulates nor restricts economic growth, as a key factor for their cautious stance. Powered by Capital Market - Live