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6 things that changed for the stock market over the weekend That doesn’t rule out further bouts of volatility. Conflicting data may raise doubts, and Fed officials are likely to keep reminding the market that they are in no hurry to ease.

global market front, Asian markets traded mixed while the US stocks ended higher on dovish commentary from Fed officials. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — December 4 The Indian equity market witnessed healthy gains on Friday, with the benchmark Nifty 50 hitting its fresh record high in the intraday session after India's Q2 GDP numbers exceeded expectations.

Today, markets will react to the results of four state assembly elections, where BJP has won three states. «With the results of state elections giving a big victory to BJP in three states, we expect markets to open with a gap up of at least 200-250 points on Monday. Further, the gains may be cemented and we won't be surprised to see Nifty closer to the 22,000 levels before the general elections in 2024,» said Manish Chowdhury, Head of Research, StoxBox. Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a positive start GIFT Nifty on the NSE IX traded higher by 144.5 points, or 0.71 per cent, at 20,638, signaling that Dalal Street was headed for positive start on Monday.

Investing.com-- Gold prices surged to a record high in Asian trade on Monday, extending a raft of recent gains as markets bet that the Federal Reserve could begin cutting interest rates by as soon as March 2024, even as central bank officials remained cautious. 

By Wayne Cole

(Reuters) — Bitcoin hit $40,085 on Sunday, its highest in almost a year and a half, fuelled by bets that U.S. regulators will soon approve stock-market traded bitcoin funds.

₹233 a share, with 50 shares making one contract. This baked in volatility of 2.3% on the up and downside from 20,300, with the Nifty likely to trade between 20,067 and 20,533 on Monday. Derivatives heads of research at top broking firms expect that a gap-up opening would be aided by short-covering of futures contracts by FPIs and call sellers who have net sold calls at 20,200 and 20,300 levels, and possibly at the 20,500 level.

NBA in-Season Tournament has moved into the knock stage as a total of eight teams have entered the quarter-finals of the inaugural season. From the Western Conference, four teams are Los Angeles Lakers, Phoenix Suns, Sacramento Kings, and New Orleans Pelicans. From the Eastern conference top four teams are Indiana Pacers, Boston Celtics, New York Knicks, and Milwaukee Bucks. Eight teams consist of the top-performing team from each of the six groups in Group Play and two additional «wild card» teams. The Knockout Rounds will feature single-elimination games in the Quarterfinals, Semifinals, and Championship, where the qualifying teams will vie for both a prize pool and the coveted NBA Cup, the new In-Season Tournament trophy.

Tamil Nadu DGP seeking registration of an FIR against the officials of the state Directorate of Vigilance and Anti-Corruption, who recently arrested its Madurai-based investigator, for conducting an allegedly illegal search at its office and «stealing» sensitive documents. The federal probe agency has alleged that during the DVAC raids conducted at its Madurai sub-zonal office on December 1, the officials of the state agency «ransacked the entire office of the ED.» The DVAC searches were undertaken after the department arrested the ED's Madurai stationed Enforcement Officer Ankit Tiwari for allegedly accepting a bribe of Rs 20 lakh from a doctor.

Bank of India (RBI) forecasts retail inflation to average 5.4% in 2024-25. That would make it four straight years of higher inflation than RBI’s target of 4%. While inflation remains on the higher side, economic growth, though robust, has not been in double digits since the pandemic and was muted before that, but India’s employment rate has increased, according to Periodic Labour Force Surveys (PLFS) data.

Editor’s note (November 29th 2023): On November 28th America’s Food and Drug Administration accepted a “Reasonable Expectation of Effectiveness" application by Loyal, a veterinary-medicine company, for its life-extending drug for large dogs. This is the first time the FDA has recognised the possibility that a drug intended for any species might have general lifespan-extending properties. It is entirely possible that at this point you, the reader, are thinking that a greatly enhanced lifespan would be there for the taking had you only had the good luck or foresight to have been born a laboratory mouse. So many things, after all, seem to extend their life’s lease.

Madhya Pradesh, where it is about to secure its fourth consecutive assembly victory, and is likely to comfortably win in Rajasthan and Chhattisgarh. According to the latest trends from the Election Commission, BJP is leading in 168 of the 230 seats in Madhya Pradesh, 54 of the 90 seats in Chhattisgarh and 114 of the 199 seats in Rajasthan. However, even though the BJP secured a comprehensive victory in Assembly Election Results 2023, the vote margin between the BJP and Congress is narrow.

BJP as the party looks set to clinch the semifinals to the Lok Sabha elections 2024 with victories in the Hindi heartland states of Madhya Pradesh, Rajasthan and Chhattisgarh. For Congress, it was a bittersweet (more bitter, less sweet) day as the grand old party recorded a spirited victory in Telangana but lost power in both Rajasthan and Chhattisgarh. In MP, it failed to even pose a challenge to the BJP. The regional parties, including the outgoing BRS in Telangana, failed to impress in the final assembly elections of 2023.

By Ankur Grover

Kamal Nath had lost his chief minister's seat in 15 months after coming to power in Madhya Pradesh state in 2018. The Congress had won the 2018 assembly election by a wafer-thin margin.

market valuation of nine of the top-10 most valued firms climbed Rs 1,30,391.96 crore last week, with Bharti Airtel and Tata Consultancy Services (TCS) emerging as the biggest gainers, amid an overall optimistic trend in equities. Last week, the BSE benchmark jumped 1,511.15 points or 2.29 per cent. Barring Reliance Industries, nine other companies including HDFC Bank, ICICI Bank, Infosys and Hindustan Unilever witnessed addition in their market valuation. Bharti Airtel's valuation rallied Rs 23,746.04 crore to Rs 5,70,466.88 crore. The market capitalisation (mcap) of TCS jumped by Rs 19,027.07 crore to reach Rs 12,84,180.67 crore. HDFC Bank added Rs 17,881.88 crore, taking its market valuation to Rs 11,80,588.59 crore.

assembly polls indicate that BJP with Prime Minister Narendra Modi as its face continues to hold its sway in Hindi heartland, but when it comes to the South, Congress is favored by electors as an alternative to the regional players. Another trend which becomes visible from these assembly results is that BJP has a better strike rate in retaining the government as compared to Congress. BJP appeared to have succeeded in retaining its government in Madhya Pradesh, while Congress failed in Rajasthan and Chhattisgarh. Though BJP recently failed to retain government in Himachal Pradesh and Karnataka, if one looks at macro picture across the country, the saffron party has a better record in tackling anti-incumbency than the grand old party.

Sectorally, buying was seen in momentum, power, FMCG, utilities and realty stocks while selling was seen in auto stocks. Stocks that were in focus include names like Power Finance Corporation which was up more than 9%, REC Ltd gained more than 7% to hit a fresh record high and Brigade Enterprises closed 2.6% higher to hit a fresh record high on Friday. We have collated a list of three stocks that either hit a fresh 52-week high, or all-time high or saw a volume or a price breakout. We spoke to an analyst on how one should look at these stocks the next trading day entirely from an educational point of view:

By Simon Jessop

₹170 crore marks a significant step. This move not only introduces UltraTech into a new market butis also expected to reduce its logistics costs given that it did not have production capacity in Jharkhand. These acquisitions along with planned expansions should accelerate UltraTech towards its expansion target.

Pahalgam and Gulmarg continued to reel under sub-zero temperatures on Sunday even as rest of Kashmir witnessed warmer than usual night, the weather department said. Gulmarg skiing resort in north Kashmir's Baramulla district recorded a low of minus 3.6 degrees Celsius and was the coldest place in the valley, the meteorological department added.