Amid mixed cues from global markets, the Indian markets ended in the red on Tuesday, November 16, 2021. The benchmark index Sensex declined by 396 points or 0.65% to end at 60,322. Nifty 50 too ended lower by 110 points or 0.61% at 17,999.20. But certain stocks came in the news after the market was closed. These stocks can impact the indices when it reopens on Wednesday, November 17, 2021. List of such five stocks:

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IPO Update: Tarsons Products IPO + Go Fashion IPO

Tarsons Products Ltd IPO: The initial public offering (IPO) of the labware and life science products company Tarsons Products Limited was subscribed 3.58 times on Tuesday, the second day of bidding. The Qualified Institutional Buyers (QIBs) portion was subscribed 1.30 times while Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) portions were subscribed 3.98 times and 4.74 times, respectively. The employee portion was subscribed 1.08 times. The issue will close today. The company has fixed the price band for the offer at Rs 635-662 per equity share for its Rs 1,024-crore initial share sale. The initial public offering comprises of fresh issue of upto Rs 150 crore and an offer for sale of up to 1.32 crore equity shares worth Rs 874 crore by the promoters and an investor.

Go Fashion (India) Limited IPO: Go Fashion (India) Limited, a company that runs one of India's largest women's bottom-wear brands, will launch its Initial Public Offering (IPO) for subscription today, i.e., Wednesday, November 17, 2021. The issue will close on Monday, November 22, 2021, as the market will remain closed on Friday for Gurunanak Jayanti. The price band for the initial public offering (IPO) is fixed at Rs 655-690 per share. Retail investors can bid for a lot of 21 equity shares and in multiples thereof. The IPO is expected to fetch Rs 1,014 crore at the upper price band. The public issue comprises a fresh issue of shares worth up to Rs 125 crore, and an offer for sale (OFS) of more than 1.28 crore equity shares worth Rs 889 crore by promoters and investors. Besides, the company has raised Rs 455 crore from anchor investors, ahead of its IPO opening. The marquee investors who participated in the anchor book were the Government of Singapore (12.9%), Monetary Authority of India (2.5%), The Nomura (7.7%), Fidelity (13.2%), Abu Dhabi Investment (6.6%), SBI Fund (6.6%) and HDFC Fund (6.6%) among others. 

OMCs: Oil Marketing Companies (OMCs) will be in focus today as Rajasthan Cabinet on Tuesday decided to reduce Value-added tax (VAT) on petrol and diesel by Rs 4 and Rs 5, respectively. The new rates are applicable since last midnight. 

Tata Power/JSW Energy/NTPC: Ministry of Power has amended the norms of the Power Purchase Agreements (PPAs) and allowed the power producers to bundle renewable energy under existing power purchase agreements. The move is aimed at gradually reducing thermal power generation. The Ministry in a statement said, as the cost of renewable energy is less than that of thermal energy, the gains from the bundling of renewable energy with thermal will be shared between the generator and distribution companies/other procurers on a 50:50 basis.

Vedanta: Vedanta-led Cairn Oil & Gas on Tuesday announced a technical partnership with US-based Halliburton Company to raise 10-fold the reserves of its offshore assets as well as explore shale oil and gas in Rajasthan. 

Indian Hotels/Interglobe Aviation/Spicejet: The Union Ministry of Civil Aviation on Tuesday announced that it has allowed airlines to serve meals on all domestic flights. Along with food services, the ministry has also permitted the resumption of magazines and other reading materials to the passengers, according to the order. Airline carriers were not allowed to serve meals on flights with a duration of less than two hours since April 15, 2021, in view of the COVID-19 pandemic.

IEX: Indian Energy Exchange (IEX) on Tuesday fixed December 6, 2021, as a record date for the purpose of finding out the eligibility of shareholders entitled for issuance of bonus equity shares. The company's board has recommended a bonus issue of equity shares in the proportion of 2:1, subject to the approval of shareholders through postal ballot. 

Biocon: Biocon Biologics and its US-based partner Viatris Inc on Tuesday announced the introduction of two interchangeable biosimilar insulin injections in the American market. Biocon Biologics and Viatris Inc have launched Semglee (insulin glargine-yfgn) injection, a branded product, and Insulin Glargine (insulin glargine-yfgn) injection, an unbranded product, to help control high blood sugar in adult and pediatric patients with type 1 diabetes and adults with type 2 diabetes.  

      

Westlife Development: There are new additions to the iconic McDonald's Happy Meal. It has changed the Happy Meal into Wholesome Meal. The new Happy Meal will include:

1. Choice of McAloo TikkiTM burger (balanced meal as per the guidelines of the National Institute of Nutrition (NIN)*)/ McEgg Happy Meal burger (packed with the goodness of protein).

2. A pack of B Natural Mixed Fruit by ITC Ltd. (with no added sugar or preservatives).

3. A cup of hot juicy corn (Source of dietary fibre).

4. The iconic Happy MealTM toy.

McDonald’s has partnered with leading FMCG company ITC Ltd. to add a differentiated fruit beverage, B Natural to the Happy MealTM. 

Bulk Deals 

Punjab Alkalies & Chemicals: Plutus Wealth Management LLP acquired 2.5 lakh equity shares at Rs 194.24/share. Plutus Wealth already holds 40 lakh shares constituting 8.25% of share capital. 

Sonata Software: Investor Hemendra Mathradas Kothari sold 5,38,290 equity shares at Rs 866.65 per share. 

Tanla Platforms: Pioneer Investment Fund bought 13.5 lakh equity shares at Rs 1,200 per share (Azim Premji). Banyan Investments sold 20.58 lakh equity shares at Rs 1,200.04/share.  

Kirloskar Pneumatic: HDFC Mutual Fund sold 5 lakh equity shares at Rs 410.1/share. 

Metropolis Healthcare: Promoter Duru Sushil Shah sold 4.25 lakh equity shares at Rs 3,142.72/share.