Europe: Core CPI Flash Estimate EUR
Europe: CPI Flash Estimate
Europe: Italian Prelim CPI m/m
UK: BOE Financial Stability Report
UK: FPC Meeting Minutes
UK: FPC Statement
UK: BOE Gov Bailey Speaks
Europe: German Buba President Nagel Speaks
-Rupee closed flat at 84.49 against the US dollar.
-It closed at 84.49 on Thursday.
Source: Bloomberg
Nifty and Sensex ended higher for a second consecutive week
Both the indices have gained nearly 3% in two weeks of gains
Intraday, both Nifty and Sensex rose over 1%
Nifty ended 0.91% or 216.95 points higher at 24131.10
Sensex ends 0.96% or 759.05 points up at 79802.79
Nifty Midcap 100 underperformed and ended 0.16% up and Nifty Smallcap 250 closed 0.8% higher
Most sectoral indices rose with Nifty Pharma gaining the most
Bharti Airtel & Cipla were top Nifty gainers
Power Grid and Shriram Finance fell the most
Adani Green Share Price Hits Upper Circuit For Third Day As Group Stocks Continue Steady Recovery
Sentiment in South Korea was impacted as country’s industrial production growth fell 0.3% last month compared to September when growth had also fallen by 0.3% month on month.
Overseas investors are finding opportunities in India despite record outflows from local shares last month, signaling potential in specific sectors. Industrials, health-care and telecommunication stocks have drawn net inflows of about $3 billion each this year through Nov. 15, according to data from the National Securities Depository Ltd. That’s in contrast to overall withdrawals of over $2 bill
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Will investment in Bank of Baroda yield good returns? Zee Entertainment Enterprises Ltd. is for those traders who have patience to stay invested for a long period. While, Va Tech Wabag Ltd. is a good pick in water treatment segment, experts say. Kushal Gandhi, technical analyst from StoxBox, and Gaurang Shah, head of investment strategist at Geojit Financial Services Ltd. provide their insights.
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Airtel Share Price Jumps Most In Over Two Months On ICICI Securities' 'Buy' Upgrade
Hindustan Unilever Ltd. has identified 10 brands that are well-positioned for premiumisation and six long-term bets with a potential to deliver high double-digit growth in the coming years, as the consumer goods giant seeks to bolster its performance amid shifting market dynamics and intense competition.
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Bharti Airtel has got penalty of Rs 1.2 lakh from Department Of Telecommunications, Uttar Pradesh for alleged violation of subscriber verification norms, an exchange filing said.
Adani Ports' share price surged around 2% on Friday after the announcement of signing a supplementary concession agreement with the Kerala government to enhance the development of the Vizhinjam Seaport. The agreement was signed by Kerala Chief Minister Pinarayi Vijayan, marking a key milestone in the project aimed at bolstering the state's international maritime infrastructure.
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Zee Shareholders Vote Against Punit Goenka's Re-Appointment As Director
Easy Trip Planners Share Price Hits Over Two–Month High As It Turns Ex–Bonus
Zydus Lifesciences has got demand order of Rs 1.6 crore including penalty for FY18 from Assistant Commissioner, Uttarakhand, an exchange filing said. The company intends to challenge the order by filing appeal against the said order. "There is no material financial impact on the company," it said.
PC Jeweller Share Price Hits One-Month High After Record Date Announced For Stock Split
Enviro Infra Engineers Lists At 48% Premium Over Issue Price
Allied Blenders Share Price Gains 4% After ICICI Securities Initiates Buy Call
At pre-open, both Nifty 50 and Sensex were flat at 23,927.15 points and 79,073.01 points respectively.
The yield on the 10-year bond declined 3 bps to 6.80%.
It closed at 6.83% on Thursday.
Source: Bloomberg
Rupee opened flat at 84.49 against the US dollar.
It closed at 84.49 on Thursday.
Source: Bloomberg
Motilal Oswal has maintained its 'buy' rating on Ambuja Cements at Rs 710 target, implying 38% upside) as it believes stock is now at attractive valuations post 30% correction in last 4-5 months. Company to benefit from demand and price recovery, cost saving initiatives, it said adding that pent-up demand, higher construction and infra projects to help demand recovery.
Goldman Sachs has double downgraded shares of CreditAccess Grameen to 'sell' from 'buy' earlier and the target price has also been cut to Rs 564 from Rs 1,426, implying 42% downside. The brokerage expects a further build-up of stress due to over-leveraging in the industry and is negatively surprised by the accelerating decline in asset quality in Q2FY25. It said its view the recent sector derating as structural rather than cyclical.
Morgan Stanley said IRDAI likely to have asked insurers to limit bancassurance business, which is to be limited to 50% of individual APE. IRDAI may consider capping parent bank's percentage share and this move is likely be negative for APE growth. Stocks in the sector are likely to stay under pressure until clarity emerges.
KEI Industries has approved allotment of 52.6 lakh shares via QIP at issue price of Rs 3,800/share, at discount of Rs 80.54/share to floor price of Rs 3,880.54/share, according to an exchange filing.
Zomato has approved allotment of 33.6 crore shares via QIP at issue price of Rs 252.62/share, an exchange filing said. The issue price is at a discount of 5% to floor price of Rs 265.91/share.
January futures contract of Brent crude traded 0.3% down at $73.09 a barrel as of 7: 40 a.m. while that of WTI Crude was 0.4% higher at $68.97 a barrel. Investor await the outcome of OPEC+ meeting due Sunday.
Asia–Pacific markets were trading in losses after data showed Tokyo inflation rose more than expected in November and as investors assessed South Korea’s industrial production data.
Hong Kong's Hang Seng, however, rose and traded 0.3% higher at 7: 29 a.m., while South Korea's Kospi fell nearly 2%, Japan's Nikkei traded 0.7% lower, and Australia's ASX 200 fell 0.4%.
Nifty, Sensex Fall Most In Over Three Weeks, Infosys Top Dragger: Market Wrap