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US: Goods Trades Balance — 7:00 p.m.
US: Preliminary Wholesale Inventories — 7:00 p.m.
US: Energy Information Administration Natural Gas Storage Weekly Report — 9:00 p.m.
US: EIA Crude Oil Inventories Weekly Report — 11:30 p.m.
Future contract of Dow Jones was 0.3% down at 43,575.00, that of S&P 500 fell 0.4% to 6,072.25, and Nasdaq 100 contract fell 0.4% to 21,913.25 as of 3:40 p.m.
This week on NSE, eight sectors advanced and four declined out of 12. The NSE Nifty Media declined the most, while the NSE Nifty Auto rose the most.
The NSE Nifty Auto, NSE Nifty Oil and Gas, NSE Nifty Banks snapped two weeks losing streak
Rupee closed at a record closing low of 85.54 against the US Dollar.
Rupee posts sharp recovery after weakening by a record 53 paise during the day.
The currency opened at 85.32 against the US Dollar.
It closed at 85.26 on Thursday.
Rupee saw the steepest single-day decline since Feb. 2023
Indian Rupee led the fall in Asian currencies on Friday.
Rupee set to post yearly losses against dollar for 7 consecutive years
Source: Bloomberg
The NSE Nifty 50 and BSE Sensex reversed weekly losses.
The Nifty 50 rose for second day in a row.
Dr. Reddy's Laboratories Ltd. and IndusInd Bank Ltd. share prices were top gainers in the Nifty 50.
Hindalco Industries Ltd. and State Bank of India were top loser in the Nifty 50 index.
The NSE Nifty Midcap 150 ended 0.15% down at 21,064.30.
The NSE Nifty Smallcap 250 ended 0.20% higher at 17,703.60.
Max Estates Ltd. has secured pre-sales bookings worth Rs 845 crore within a week of launching Phase II of the Estate 128 project in Noida, according to an exchange filing.
Most European markets were trading higher without any significant triggers in Friday's lackluster trade. The Euro Stoxx 50 and CAC 40 were trading 0.17% and 0.25% higher, respectively. The IBEX 35 was 0.04% down as of 2:05 p.m.
Adani Ports Places India's Largest Order For 8 Harbour Tugs With Cochin Shipyard
Fortis Healthcare Ltd.'s board has approved the appointment of Leo Puri as Chairman, according to an exchange filing.
Shilpa Medicare Ltd.'s Unit IV and Unit VII have received GMP approval for Eurasia. This approval is expected to open up significant business opportunities in Eurasia, which includes Belarus, Russia, Kazakhstan, Kyrgyzstan, and Armenia, according to an exchange filing.
Good Manufacturing Practice)approval refers to a certification that ensures a company adheres to the required standards for manufacturing processes, quality control, and safety in producing pharmaceutical products.
The rupee declined 23 paise to a record low of 85.50 against the US dollar.
It opened at 85.32 a dollar on Friday.
The rupee closed at 85.27 a dollar on Thursday.
Source: Bloomberg
NTPC Green Energy Ltd.'s arm has commenced the commercial operation of the first part capacity of 37.5 MW of the Gujarat Solar PV Project, which has an overall capacity of 200 MW in Sadla, according to an exchange filing.
EFC (I) Ltd. has approved a bonus issue of shares in a 1:1 ratio and increased its authorized share capital to Rs 25 crore from Rs 15 crore, according to an exchange filing.
Mamata Machinery Shares List At 147% Premium Over Issue Price
IPO Listing Live Updates: Mamata Machinery Shares Hit Upper Circuit; DAM Capital Continues Stellar Rally
The India rupee slumped 18 against the US dollar to a fresh low of 85.44 a dollar on Friday.
The Indian currency opened at 85.32 a dollar on Friday. It closed at 85.26 a dollar on Thursday.
Source: Bloomberg
Senior Congress Leader P Chidambaram was mentally prepared for the inevitable. Still, the news of demise of former Prime Minister Manmohan Singh was a great shock, he said while talking to NDTV Profit.
The 1991 reform was a true decisive break from the past 40 years. There was no choice of goods and services before 1991, Chidambaram said.
Manmohan Singh's Advice That Moved Former RBI Governor Subbarao Deeply
Market breadth was skewed in favour of buyers. Around 1,875 stocks advanced, 801 stocks declined, and 117 stocks remained unchanged on BSE.
At pre-open, the NSE Nifty 50 was 0.22% higher at 23,801.40, and the BSE Sensex was 0.17% higher at 78,607.62.
Rupee weakened by 7 paise to a record low of 85.33 against the US Dollar. The currency opened at 85.32 against the US Dollar. It closed at 85.26 on Thursday, according to data on Bloomberg
Oil future prices were trading flat on Thursday on lack of significant cues at the end of the year trade. The brent crude was 0.01% higher at $73.27 a barrel as of 8:21 a.m.
Neilsoft's IPO will include a fresh issue of shares worth up to Rs 100 crore and the sale of 80 lakh existing shares, according to Bloomberg.
Retail sales post-festive have moderated across 2Ws and PVs
Two wheeler/passenger vehicle retail sales down 16%/1% in Dec'24 vs 16%/4% growth during Sep-Nov’24
Retail sales moderating on weakening consumer sentiment, financiers practising caution
Growth rates remain muted despite record discounts- which heave led to high channel inventory
Expect TVS Motors and Royal Enfield to do well within 2Ws
Hero MotoCorp likely to report muted volumes at 360k units
Mahindra & Mahindra Ltd. likely to post better annual growth within PVs due to newer launches
Expect robust growth signals in the months ahead
Heightened capital market activity, global developments to decide where share prices head
Higher govt spending, expanded wedding season, strong summer crop to support near-term growth
Q3FY25 earnings season may have a positive surprise due to major earning estimate reductions
Behaviour of Indian earnings and stock to depend on policy action in US & China, outcome of global conflicts
Expect regulatory tightening to loosen in the weeks ahead
Brokerage prefer companies with bottom-up growth and margin expansion triggers
Like TVS Motors on sustained market share gains across major categories
Likes Royal Enfield on renewed growth focus, early signs of export recovery
Likes the commercial vehicle segment due to improving govt capex-led demand revival
Like Maruti Suzuki despite near-term volume & margin weakness due to reasonable valuations, upcoming launches
Japanese Stocks Rise After Fresh Weakness In Yen: Markets Wrap
US stock gauges ended little changed on Thursday as volume remained muted in the post holiday session. Initial Jobless claims fell to 219,000 in the week ended on Dec 21.
The Dow Jones Industrial Average ended 0.07% higher, and S&P 500 ended 0.04% down. The Nasdaq Composite ended 0.05% down.
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