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December Futures contract of Dow Jones was trading 7 points lower at 42,548.00 as of 3:52 p.m and the S&P 500 December Futures was trading 0.07% or 4.25 points down at 5,800.25.The Nasdaq 100 December Futures fell 0.18% at 20,309. These levels imply the US equity markets are likely to see a muted start on Friday.
UK: Confederation of British Industry Realised Sales Data
Germany: Deutsche Bundesbank President Joachim Nagel Speaks
US: PCE Price Index
US: Goods trade balance
US: Personal income
US: Personal spending
US: Preliminary wholesale investories
US: Federal Reserve Governer Michelle Bowman speaks
Rupee weakened by 6 paise to close at 83.70 against the US dollar after it closed at 83.64 on Thursday.
Source: Bloomberg
The Nifty snapped its six-session winning streak after hitting its highest level of 26277.35 points
Sensex ended lower after gaining in two sessions and recording a new high of 85978.25
Nifty ends at 26175.15, down 0.16% or 40.90 points
Sensex ends 0.31 % or 264.27 points down at 85571.85
However, both the indices ended with weekly gains
Broader indices were lower at close; Nifty Midcap 100 ended 0.15% lower while Nifty Smallcap 250 closed 0.19% down.
Most sectoral indices ended higher, Nifty Oil & Gas rose the most
BPCL and Cipla were top Nifty gainers
Powergrid and Airtel fell the most
RITES has got new order of Rs 100 crore from Adani Ports for railway operation & maintenance services, according to an exchange filing. Time period by which the order) is to be executed 5 Years from the effective date i.e. November 1, 2024.
Find out if it is cheap or expensive here.
Alembic Pharma has received US FDA Final Approval For Paliperidone Tablets, which are used for treatment of Schizophreniay, according to an exchange filing.
Ola Electric’s cheapest scooter Ola S1 X 2 kWh has got Auto PLI certification after achieving 50% localisation from ARAI. PLI incentives are at 13-18% of determined sales value of product. The company now has five scooters that have received PLI certification.
Source: Company statement
Supreme Court has issued notice on Adani Enterprises-led consortium's plea that seeks to invoke arbitration against non-allocation of a coal block in Chhattisgarh. The consortium seeks to claim about Rs 100 crores in costs. In July, the Gujarat HC had rejected the consortium's plea to invoke arbitration.
Source: Supreme Court Proceedings
Swiggy on Thursday submitted an updated draft red herring prospectus to markets regulator Securities and Exchange Board of India for review and public comments, after receiving a nod for its listing via the confidential filing route.
With the updated DRHP, Swiggy's FY24 metrics are up for scrutiny against Zomato's. Read more here.
Tata Power, Torrent Power, BHEL targets at Rs 577/2268/352, implies 23%/20%/25% upside. It has maintains overweight on NTPC at Rs 496 target, implying 14% upside but has downgraded Suzlon, Power Grid, ReNew to 'equalweight'. Suzlon, Power Grid targets at Rs 88/362 implies 6% upside/1% downside
At pre-open, Nifty 50 was at 26248.25, up 0.12% or 32.20 points and Sensex was at 85893.84, up 0.07% or 57.72 points. According to Vikas Jain, head of research at Reliance Securities, the rally is expected to persist, especially with the Nifty sustaining above the crucial psychological level of 26,000, combined with record-high global markets and strong FII inflows.
The yield on the 10-year bond opened flat at 6.72% after it closed at 6.72% on Thursday, according to Bloomberg.
On Thursday, the Indian rupee closed weaker against the US dollar on Thursday, amid stabilising crude prices and month-end dollar demand. The rupee depreciated by 4 paise to close at 83.64 against the US dollar.
It believes that uptick in technology spending in CY25 hinges on confidence on macro stability, resilience of US economy after the start of the interest rate-cut cycle.
He expects gold prices to move higher as people fear about unstable geopolitical scenarios.
Ola Electric's arm Ola Electric Technologies has got certification for compliance with eligibilty assessment requirements as per PLI scheme for automobile & auto components for Ola S1 X 2kWh scooter, according to an exchange filing.
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