The S&P BSE Sensex was up by 2.4% and the CNX Nifty climbed 2.3% for the month. Foreign investors continued their buying spree and invested Rs 12,925 cr in the cash market in the month of November. In a major privatisation push, the government announced its decision to sell its 53.29% stake in BPCL to a strategic investor. The cabinet committee on economic affairs (CCEA) also cleared divestment of another two major PSUs namely Container Corporation of India (CONCOR) and Shipping Corp. of India (SCI). The month also saw the government announcing some relief measures for the beleaguered telecom sector. In a major relief to telecom players, Union Cabinet approved a two-year moratorium to the telecom operators on pending spectrum payment, which will help these telcos avoid an immediate outflow of over Rs 42,000 cr, thereby improving their immediate cash flow stream.
In this issue:
- Movers & Shakers
- Market Outlook
- Stock Recommendation
- Auto Sector November Sales
- Mutual Fund
- Key Financial Events – December
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