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Topic :- Share Market Closing Note

Benchmark indices ended on positive note on November 25 with Nifty finishing the F&O series above 17,500 supported by the Reliance Industries and realty and pharma names.

At close, the Sensex was up 454.10 points or 0.78% at 58,795.09, and the Nifty was up 121.30 points or 0.70% at 17,536.30. About 2054 shares have advanced, 1166 shares declined, and 106 shares are unchanged.

Reliance Industries, Divis Labs, Infosys, ITC and Tech Mahindra were among major gainers on the Nifty, while losers were Britannia Industries, IOC, IndusInd Bank, Maruti Suzuki and ICICI Bank.

Among sectors, oil & gas, realty, pharma indices rose 1 percent each, however, some selling was seen in auto and banking names. The BSE midcap index and smallcap index rose 0.5 percent each.

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Topic :- Time:3.20 PM

Just In:

RBI to focus more on Chinas yuan than US dollar

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Topic :- Time:3.00 PM

Nifty is in mute state. Nifty spot if manages to close above 17520 level then expect some further pull back in the market in coming sessions and if it closes below above mentioned level then some sluggish movement can follow. Avoid open positions for tomorrow.

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Topic :- Time:2.45 PM

Just In:

The company has already added 25 Plus stores so far this year, and are on track to add at least 15 more stores in the second half, said Anand Agarwal, CFO, V-Mart Retail.

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Topic :- Time:2.30 PM

NATURALGAS Trading View:

NG is trading at 380.20.If it breaks and trade below 379 level then expect some decline in it and if it manages to trade and sustain above 382 level then some pull back can be seen in NG.

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Topic :- Time:2.00 PM

Nifty is not showing any major movement as off now. Nifty spot if manages to trade and sustain above 17520 level then expect some upmove and it if breaks and trade below 17480 level then some decline can be seen in the market.

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Topic :- Time:1.30 PM

SILVER Trading View:

SILVER is trading at 62990. If it manages to trade and sustain above 63020 level then expect some quick upmove in it and if it breaks and trade below 62800 level then some decline can be seen in SILVER.

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Topic :- Time:1.15 PM

Just In:

Reliance Industries to restructure and repurpose gasification assets.

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Topic :- Time:1.10 PM

Just In:

ITC confirmed that it is developing a nasal spray for COVID-19 prevention for which it has initiated clinical trials.

Developed by scientists at ITC Life Sciences and Technology Centre (LSTC), Bengaluru, the company plans to market the nasal spray under the Savlon brand.

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Topic :- Time:1.00 PM

Nifty inched down from its high. Nifty trend is still sell from rise. Nifty spot if breaks and trade below 17460 level then expect some more pain in the market and if it manages to trade and sustain above 17500 level then some upmove can follow. Investors should wait for some more fall before taking long delivery positions.

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Topic :- Time:12.30 PM

CRUDEOIL Trading View:

CRUDEOIL is trading at 5836.If it holds above 5820 level then expect it to rise till 5875-5880 levels quite soon and if it breaks and trade below 5820 level then some decline can follow in it.

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Topic :- Time:12.00 PM

Nifty is showing some recovery today however due to F&O expiry today expect market to turn highly volatile. Nifty spot if manages to trade and sustain above 17540 level then expect some upmove and if it breaks and trade below 17500 level then some decline can follow in the Nifty.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex at days high, up 300 pts; Nifty atop 17,500; RIL rises 4%

2. BlackRock, Canada Pension bought more Paytm stock after market debut

3. Bharat Biotech updates Covaxin efficacy to 65.2% against Delta strain

4. Wilful loan defaults Rs 62,000 crore higher than before pandemic

5. Reliance to transfer Jamnagar asset to subsidiary for syngas production

6. IDBI assets manager to merge with LIC MF, clear path to latters mega IPO

7. Digital tax for US companies to stay until OECD pact comes into force

8. CoinSwitch Kuber CEO says crypto ban unlikely as $6-bn assets held in India

9. RIL gains 3% on plans to hive-off gasification assets into separate unit

10. Siemens dips 8% on profit booking after Q4 margin disappointment

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Topic :- Nifty Opening Note

Indian Stock Market Tips Trading View For 25 Nov, 2021:

Flat to positive opening expected. Nifty spot if manages to trade and sustain above 17440 level then further upmove can be seen and if it breaks and trade below 17400 level then negative. Sell on rise should be the strategy for the day. Due to Nifty weekly expiry expect wild swings in the market.

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As India plans for rapid economic recovery, the governments and policymakers need to ensure women are not left behind. Gram sabhas can be effectively used to push for equal wages for women at the local level

The Union and state governments are perhaps facing one of the biggest economic challenge in Independent India’s history in terms recovery from the COVID-19 pandemic. The pandemic has disproportionately affected women’s employment with female labour participation rate (FLPR) in India falling to 16.1 percent during the July-September 2020 quarter — one of the lowest in recent times. As India plans for rapid economic recovery, the governments and policy makers need to ensure women are not left behind.

Most women in India are employed in informal sectors such as farm labour, allied activities, construction and domestic work. Even before the pandemic, factor such as gender wage gap, unpaid care work, lack of childcare at work, and workplace safety issues kept India’s FLPR one of the lowest in South Asia.

Recognising these factors, the Union and state governments have taken several steps to improve wage gaps. But various indicators show that it is yet to be realised on the ground. The ‘Inclusive by Design’ report reveals informal women workers in India’s construction sector earn 30-40 percent less than their male counterparts.

Local Bodies And Equal Wages

Article 39 (d) of the Constitution directs states to make provisions so that there is equal pay for equal work for both men and women. Gram sabhas, set up under 73rd amendment of the Constitution, can be effectively used to push for equal wages for women at the local level. In Odisha, forums like palli sabhas or gram sabhas have been traditionally used by people’s movements to push for progressive agendas, and people’s rights. In 2013, 12 palli sabhas from tribal areas of Rayagada and Kalahandi in Odisha rejected a mining project. In 2017, a palli sabha was called to approve the construction of a POSO steel plant in Gobindpur.

The Orissa Grama Panchayat Act, 1964 empowers communities to hold palli sabhas, and give recommendations to the gram panchayat for several developmental- and budget-related work. It is essential to leverage such constitutional mechanisms at the local level need to be used for women’s right to equal wages.

Take the case of the women from the Goudkela village of Madanpur Rampur block who are engaged in construction work along with their husbands. The employment in brick, cement and sand factories give them Rs 150 as a daily wage. This is Rs 100 less than what men get. Such gender-based wage discrimination is rampant in Odisha’s construction sector.

Even government-run employment programmes such as the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) continue to face a challenge in providing discrimination free workplaces to women migrants, many of whom have returned from urban centres after the COVID-19 related lockdowns. The lack of crèche facilities, rest rooms at work-sites, and skills are hampering women from negotiating for better wages. This reflects a larger trend of gender discrimination in the MNREGS through studies such as Sameeksha-II.

Wage Disparity Discussion at Pallisabha

Many women candidates in Odisha joined the grassroots politics at the Panchayat Raj level, but in reality, due to patriarchal and social norms, the elected women representatives have hardly organised a palli sabha to discuss issues on wage disparity. For the first time Oxfam India and the Madanpur Rampur panchayat jointly organised a palli sabha on the topic of ‘Gender wage gap and role of Pallisabha’ at Goudkela village to sensitise women. Villagers from seven adjacent villages participated in the palli sabha. To ensure equal wages for equal work a resolution was passed in the palli sabha.

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The village sarpanch also urged women to report wage discrimination so that necessary action could be taken. There are also plans to open a grievance cell at the panchayat office where villagers can approach for government entitlements, and report wage discrimination issues. These learnings from the palli sabha on equal wages and gender issues can be replicated across India to improve the FLPR at the grassroots level.

Such mechanisms at the village level are required to realise the government’s vision to prevent gender-based discrimination in wages, recruitment, and conditions of employment as per new code on wages 2019. In August, the Parliamentary Committee on ‘Impact of COVID-19 on rising unemployment and loss of jobs/ livelihoods in organised and unorganised sector’ recommended improving women workers' ability to negotiate wages. Palli sabhas and the gram panchayat can be a good starting point to implement these codes, and recommendations.

Article Source:- moneycontrol

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The Pradhan Mantri Garib Anna Yojana (PMGKAY) scheme, which was established in March last year to help the poor amid the Covid pandemic, provides free foodgrains in addition to the standard quota granted under the NFSA at a heavily subsidised rate of Rs 2-3 per kilogramme.

Prime Minister Narendra Modi praised the Cabinet's decision to prolong the Pradhan Mantri Garib Anna Yojana's free monthly delivery of 5 kg foodgrains until March 2022, saying it is in accordance with the government's commitment to achieving greater public welfare.

The Pradhan Mantri Garib Anna Yojana (PMGKAY) scheme, which was established in March last year to help the poor amid the Covid pandemic, provides free foodgrains in addition to the standard quota granted under the NFSA at a heavily subsidised rate of Rs 2-3 per kilogramme.

"Today's Cabinet decision would help 80 crore Indians and is consistent with our commitment to improving public welfare," Modi stated on Twitter.

Also Read:- Nirmala Sitharaman inaugurates projects worth Rs 165 crore in J&K

In order to help the poor recover from the Covid pandemic, the Centre has decided to prolong the free monthly supply of foodgrains under the PMGKAY for another four months, until March 2022, at a cost of Rs 53,344 crore to the exchequer.

The PMGKAY has been renewed on multiple occasions, the most recent of which was valid until November 30.