Tata Power shares rise 0.16% as Sensex climbs

The Securities Appellate Tribunal (SAT) on Monday overturned a regulatory ban on Punit Goenka, managing director and chief executive of Zee Entertainment Enterprises, that prevented him from holding a directorship or top managerial role in a listed entity.

Tata Motors, which sought to democratise car ownership in India with its ₹1-lakh Nano, has won a ₹766-crore award in an arbitration involving a state agency of West Bengal where the small-car plant, mothballed after a protracted stir over land acquisition, is located.

The benchmark Nifty has only corrected 2.5% in October so far, but granular data suggests bigger woes for investors. One such number, the advance-to-decline ratio for Nifty 500 stocks this month stands at 0.39, marking its lowest level in sixteen months, thereby underscoring the severity of the ongoing correction.