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Futures contract of Dow Jones rose 0.2%, that of S&P 500 rose 0.3%, and Nasdaq 100's futures contract rose 0.6%.
Europe: Industrial Production month-on-month
US: Import Prices month-on-month
Nifty and Sensex end higher for a fourth week
Intraday, both Nifty and Sensex had risen and fallen around 1% each
Nifty ends 0.89% or 219.60 points up at 24768.30
Sensex ends 1.04 % or 843.16 points higher at 82133.12
Broader indices underperformed. Nifty Midcap 100 ended flat; Nifty Smallcap 250 closed 0.3% lower
Most sectoral indices rose with Nifty FMCG rising the most
Bharti Airtel and Kotak Mahindra Bank were top Nifty gainers
Shriram Finance and Tata Steel fell the most
A total of five initial public offerings in the mainboard segment were available for subscription on Friday. Among them, the grey market premium was strong on the IPOs of One MobiKwik Systems and Inventurus Knowledge, whereas the GMP signalled modest listing for Vishal Mega Mart, International Gemmological Institute and Sai Life Sciences.
The Great Eastern Shipping Company Limited has delivered its 2005 built Medium Range product tanker “Jag Padma” to the buyers, the company said in an exchange filing. The vessel was contracted for sale in October 2024.
At 2:36 p.m., pan-European Stoxx 50 was 0.3% up, Germany's DAX was up 0.3%, UK's FTSE 100 was 0.1% up, and France CAC 40 rose 0.2%.
Indices in the Asia-Pacific region fell Friday with China's CSI 300 losing more than 2% as stimulus announcements in economic planning committee fell short of market expectations. Hong Kong's Hang Seng also fell over 2%, Australia's ASX 200 fell 0.4%, and South Korea's Kospi fell 0.5%.
For how long should you be invested in shares of Tata Motors, Tata Technologies, and Bank of Baroda? How should you trade shares of Vedanta and NTPC Green? Sameer Dalal, owner of Natverlal & Sons Stockbrokers and Kushal Gandhi, technical analyst at Stoxbox answer these queries and more.
Read here.
Local 2-wheeler sales in November were at 16.1 lakh units , passenger vehicle sales at 3.5 lakh units, local car sales fall to 97,186 units, local utility vehicle sales at 1.9 lakh units, according to SIAM data.
Source: Bloomberg
Larsen & Toubro Gets 'Reduce' Downgrade From Kotak As Margin Pressures Weigh
ICICI Bank has approves selling 19% stake in ICICI Merchant Services in the range of Rs 160-190 crore before June 30, 2025, an exchange filing said.
Astra Rafael Comsys Private Limited, a joint venture company of Astra Microwave, has bagged Rs 255.88 crores worth of order on Friday from Ministry of Defence for procurement of 93 numbers of additional sets of Software Defined Radios.
Stock Of The Day: This Tata Stock Reels Under Bearish Pressure As Outlook Sours | Key Technicals
Aether Industries Gets New 'Reduce' From Kotak With 10% Potential Downside—Here's Why
Top Picks: HDFC Bank, ICICI Bank & Federal Bank
IndusInd Bk: Neutral, Target Cut To Rs 1,150 From Rs 1,350
IndusInd Bk: Cut EPS By 5%/6% For FY25/26
Axis Bank: Neutral, Target Cut To Rs 1,210 From Rs 1,250
AU Small Fin Bank: Neutral, Target Cut To Rs 640 From Rs 750
Non-Performing Loans Risks Increased For CV And Business Loans
Raise Credit Cost Estimate By 2-25 bps Across Lenders
Among NBFCs, Increase Credit Cost Estimate For FY25/26 By 1-20 bps & Cut FY25/26 EPS By 1- 7%
Increase Credit Cost Est & Cut In EPS For For Bajaj Fin, Cholamandalam Invst, Shriram Fin & M&M Fin
Cholamandalam Invst: price target of Rs 1,530 (Rs 1,680 earlier)
Shriram Fin: price target of Rs 3,800 (Rs 3,850 earlier)
M&M Fin: price target of Rs 300 (Rs 310 earlier)
NHPC Share Price Pares Gains After Revised Plan To Borrow Rs 6,900 Crore Gets Board Nod
Hindustan Aeronautics Share Price Rises After Rs 13,500-Crore Order Win
Ashok Leyland announced price increase of up to 3% on entire range of commercial vehicles effective January 2025, an exchange filing said.
Analysts have 'buy' calls on shares of Senco Gold Ltd., Shriram Finance Ltd., EIH Ltd., Chalet Hotels Ltd. and Tata Steel Ltd. The stock calls came from Kushal Gandhi, a technical analyst at StoxBox, Ruchit Jain, Vice President of equity technical research and wealth management at Motilal Oswal Financial Services Ltd., Sudeep Shah, Deputy VP Head of tech and derivatives research at SBI CAP Securities.
Read here.
Siyaram Silks Share Price Hits Life High After Launch Of Cadini Italy Perfume In India
Zomato Share Price Tumbles After Rs 803.4-Crore GST Penalty Notice
At pre-open, Nifty 50 was at 24498.35, down 0.21% or 50.35 points and Sensex was at 81212.45, down 0.10% or 77.51 points.
-Rupee opened flat at 84.86 against the US dollar.
-It closed at 84.87 on Thursday.
Source: Bloomberg
"Ambuja Cements, the cement and building material company of the diversified Adani Portfolio, has successfully commissioned and started power transmission from its 200 MW solar power project in Khavda," an exhchange filing said. "The balance 806 MW capacity from this project is at various stages of commissioning and expected to start transmitting in phases between March 2025 and June 2025."
India's ongoing bull market has become the longest in history, Morgans Stanley said and added that current "aging" bull market has more legs than what may be widely believed. The markets overtakes the 2003-08 one in length, but a third of its cumulative return. Records much better gains relative to emerging markets than all previous bull markets.
Asia–Pacific markets were trading on a negative note on Friday as traders shift their focus to the Federal Reserve's policy meet next week. The Nikkei 225 and S&P ASX 200 were trading 1.5% and 0.7% down respectively at 8:00 a.m. Hang Seng fell around 2% while Kospi rose 0.1%.
On Thursday, stock indices ended lower after a set of economic data showed a mixed picture of the economy. The Dow Jones Industrial Average and S&P 500 ended 0.53% and 0.54% down, respectively. The Nasdaq Composite ended 0.66% down.
The GIFT Nifty was trading flat at 24,539.50 as of 7:17 a.m. Share prices of Tata Motors, NHPC, Kalpataru, and Zomato will remain in focus today.
The NSE Nifty 50 and BSE Sensex ended at the lowest level in over a week as shares of Reliance Industries Ltd., Larsen & Toubro Ltd., and Hindustan Unilever Ltd. dragged.
The Nifty 50 ended 93.10 points, or 0.38%, down at 24,548.70, while the Sensex ended 236.18 points, or 0.29%, lower at 81,289.96.
Overseas investors remained net sellers of Indian equities on Thursday for the second consecutive day, while domestic institutional investors remained net buyers for the third consecutive session.
Foreign portfolio investors offloaded stocks worth Rs 3,560.01 crore, whereas the DIIs bought stocks worth Rs 2,646.65 crore, according to provisional data shared by the National Stock Exchange.
The Indian rupee closed 3 paise lower at 84.87 against the US dollar on Thursday.
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