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rupee strengthened on Thursday while far forward premiums rose to their highest in more than two months on rising expectations of the U.S. Federal Reserve easing monetary policy cycle. The rupee closed at 83.1650 to the U.S. dollar, up from 83.3450 in the previous session.

e-Commerce enabler POP says it expects to expand its rewards coin user-base to 8 million by the end of next year, from 1.5 million at present led by new launches of e-commerce marketplace and payment instruments lined-up. In addition, more than 1000 brands are expected to issue and allow redemption of POP coins on their e-commerce websites by the end of 2024, it said.

The 30-share BSE benchmark Sensex advanced 372 points or 0.52% to settle at 72,410. The broader NSE Nifty surged 124 points or 0.57% to end at 21,778. Among the Sensex stocks, NTPC, M&M, Power Grid, and Nestle were the top gainers, rising 2-3%.

Fragrance of Weddings.’ Created with the essence of turmeric and marigold the unique fragrance takes you on a journey to relive your most cherished wedding moments. “The minute you open the VIVAH bottle, it instantly takes you to the precious moments of your wedding day or any special marriage ceremony you've attended before. People record their wedding memories and pictures on video, to add to the sentiment, we’ve crafted VIVAH as a new, one-of-a-kind and unique sensory memory keeper for them to preserve wedding moments with you forever. Everything that we’ve seen, loved and experienced about weddings, we want to share with the world, through VIVAH,” said Mohit Jain, Co-founder and Director, Kimirica. The Inspiration The Vivah Collection is a poetic tribute to the sacred tapestry of Indian weddings.

Gautam Shah, Founder & Chief Strategist, Goldilocks Premium Research, says “now our high conviction bet is SBI. It can do something special in 2024 if you want to just pick one stock among the largecaps. So given this view, banking as a space should do well and that should keep the entire market safe. You know, if the banks are strong, the Nifty is strong. If the Nifty is strong, generally the entire market is steady.” Shah further says: «On the Nifty itself, our working target is about 22,300. As we get close to that number, it might make sense to take some profits off the table and maybe work with a trailing stop-loss of 21,200 or even, if somebody's comfortable, 20,900. So while the index might not be so relevant right now, there are opportunities in a lot of sectors, banks, IT, pharma, metals, infra, power where one should focus on without looking at the index much.» Looking at your latest report, it says a new high is quite a feat. But going by what you have put out in the report, you are talking about the Nifty Bank and IT sector batting for the bulls and therefore it becomes easy for the Nifty to rally. So given the kind of rally that we have seen at 21,700 levels, is that going to only sustain as per your analysis? Gautam Shah: Well, when we put out the message that new highs being quite a feat, we meant after what happened last Wednesday because there was so much talk and chatter around the market fall of a single day.

₹3.5 in December 2020 to currently trade around ₹210. This implies that an investment of ₹10,000 in this penny stock in December 2020 would have turned into ₹6 lakh this year. Meanwhile, it has also given exceptional returns – skyrocketing 889 percent – in the last one year and gained 797 percent in 2023 YTD.

Gold rate today: On account of US dollar hitting five-months low and US Fed rate cut buzz in 2024, gold price in spot market touched three-week high during morning deals in Asian stock markets. Spot gold price today opened at $2,077 per ounce levels and went on to touch intraday high of $2,088 levels and hit three-week high. In domestic market, gold future contract on Multi Commodity Exchange (MCX) for February 2024 expiry opened at ₹63,728 per 10 gm levels and went on to hit intraday high of ₹63,821 levels.

Rishi Kohli, CIO - Hedge Fund Strategies at InCred Alternative Investments, told Mint that Nifty may hit the 25,000 level by the end of 2024. The market is witnessing tailwinds which can propel it to unprecedented levels.

BSE has surpassed ₹366 lakh crore, underscoring the significant growth and value within the market. December 2023 has emerged as the best month in terms of returns for the Indian market. The Nifty 50 has recorded a remarkable surge of over 7% within the month, constituting the most substantial monthly rally observed throughout the year.

NFOs. Fuelled by a generally optimistic market sentiment, mutual funds seized the opportunity to launch a variety of schemes designed to cater to a broad spectrum of investor preferences. Before the conclusion of this year, around 228 NFOs, spanning active and passive schemes in both equity and debt categories, including open-ended and close-ended schemes, have attracted investments exceeding ₹50,000 crores.

Stock market today: Shares of Housing and Urban Development Corporation Ltd have been in cntinuous uptrend after ushering in 2023. In YTD time, HUDCO share price ha risen from around ₹53.50 to ₹135.65 apiece levels, delivering to the tune of 150 per cent return to its positional investors.

By Harry Robertson

Among the top seven areas, Hyderabad saw the highest increase of 42% in the average price of premium homes in the five-year period. The price rose from Rs 7,450 per sq ft in 2018 to Rs 10,580 per sq ft during the first half of 2023. Bengaluru and MMR recorded the second-highest average price hike in this segment at around 27% each. In Bengaluru, the average price of a luxury home stood at Rs 10,210 per sq ft in 2018. Since then, the average price rose to Rs 12,970 per sq ft. In MMR, the average price in the luxury segment was Rs 23,119 per sq ft in 2018. It jumped to Rs 29,260 per sq ft at the end of the first six months of 2023.

COVID-19 cases in the last 24 hours. The total active caseload increased by four, reaching 4,097, according to the latest Union Health Ministry data. According to the official data, six deaths have been reported in the country in the last 24 hours: two in Maharashtra, and one each in Delhi, Karnataka, West Bengal and Kerala. With this, the total count of coronavirus cases in India since the virus first emerged in January 2020 has climbed to 4,50,10,944, indicating a rise of 702 cases in the past 24 hours. The total death toll due to COVID-19 cases in India has risen to 5,33,346, reflecting an increase of six deaths in the last 24 hours. Delhi on Wednesday reported its first case of the COVID-19 sub-variant JN.1. «Delhi reports the first case of JN.1, a Sub-Variant of Omicron.

Catch Live Market Updates here Strong domestic macro data, easing oil prices and supportive global market cues helped Indian stock market indices scale record high in the previous session. On Wednesday, the Indian equity market ended higher for the fourth consecutive session led by across-the-board buying, reflecting investors’ high-risk appetite. The Sensex ended 701.63 points, or 0.98%, higher at 72,038.43, while the Nifty 50 gained 213.40 points, or 1%, to settle at 21,654.75.

₹83 to ₹83.70," he said.Global stocks mostly rose on Wednesday with a positive year-end mood continued. The Dow Jones Industrial Average led gains on Wall Street, advancing 0.3% to finish at another all-time high of 37,665.52. In European markets, London leading the way as it closed 0.4% higher.

Catch Live Market Updates here On December 27, the Indian equity market ended higher for the fourth consecutive session led by across-the-board buying. The Sensex ended 701.63 points higher at 72,038.43, while the Nifty 50 gained 213.40 points, or 1%, to settle at 21,654.75. Nifty 50 formed a long bull candle on the daily chart that closed at the all-time highs.

Buy or sell stocks for today: Following strong global market sentiments, Indian stock market extended its rally for fourth straight session on Wednesday. Nifty 50 index touched a new high of 21,675 and hit its highest-ever closing levels of 21,654. BSE Sensex surged around 1 per cent and closed at 72,038 levels while Bank Nifty index gained 1.17 per cent and closed at 48,282 mark after touching a new peak of 48,347 levels.

Day trading guide for today: On account of strong global cues, Indian stock market extended its rally on fourth day in a row on Wednesday. All three key benchmark indices touched a new peak and ended at record closing highs respectively. Nifty 50 index touched a new peak of 21,675 while BSE Sensex hit a new record high of 72,119 mark.

Sensex closed above 72,000 for the first time, while the Volatility Index or VIX — a popular fear gauge — jumped 6% to 15.6, suggesting traders see risks of sharp swings in the market in the near term. The Sensex gained 0.98%, or 701.63 points, to close at 72,038.43 after touching an all-time high of 72,119.85. The Nifty advanced 1%, or 213.40 points, to close at 21,654.75, off the record high of 21,675.75.

The letter cites «an alarming» Reuters investigation published on December 20 that exposed how Tesla has blamed drivers for frequent failures of components it has long known were defective.