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ICICI Bank, India's second largest private lender, Friday said it may realise ₹160-190 crore from the sale of a 19% stake in ICICI Merchant Services to Netherlands-based First Data Holdings 1 (Netherlands) BV. «The board of directors of ICICI Bank at its meeting held today, approved a proposal for sale of a 19% stake held in ICICI Merchant Services (IMSPL), an associate of the bank, subject to receipt of requisite approvals,» the lender said in an exchange filing.

investment demand in 2025, according to ICICI Securities. There are signs of bottom formation and recovery in commodity prices such as cement, metals and oil, along with gross refining margins of oil companies, the brokerage said in a note to clients.

Broadcom forecast quarterly revenue surpassing Wall Street expectations and predicted robust growth in demand for its custom AI chips over the next few years. The optimistic outlook propelled the company's shares 24% higher, pushing its market capitalization past $1 trillion for the first time.

Siemens Ltd. rose 1.02 per cent to Rs 7835.50 in Friday's trade. It hit an intraday high of Rs 7913.15 and low of Rs 7787.50, respectively, during the day. The stock quoted a 52-week high price of Rs 8129.95 and low of Rs 3817.00.

Benchmark NSE Nifty index fell 311.0 points to 24237.7 amid selling in frontline bluechip stocks.

Crompton Greaves Consumer Electricals Ltd. traded 0.23 per cent in Friday's trade at 10:30AM (IST). Around 10,434 shares changed hands on the counter. The stock opened at Rs 406.50 and touched an intraday high and low of Rs 409.35 and Rs 404.15, respectively, in the session so far. Shares of the company of Crompton Greaves Consumer Electricals Ltd. quoted a 52-week high of Rs 483.65 and a 52-week low of Rs 262.10.

DCM Shriram Industries Ltd.(up 2.01%) and EID Parry(India)Ltd.(up 0.99%) were among the top gainers.

Madhya Bharat Agro Products Ltd.(up 1.58%) were among the top gainers.

Devendra Pant, Chief Economist, India Ratings, says food inflation is cooling off but there are two commodities which could be another source of problem for food inflation in general and your overall inflation in particular. In August ‘24, oil and fats had a deflation of 0.86% and come November it has an inflation of 13.28%. This is one commodity among the food group which can create a problem in the months to come. Now that food prices are softening, do you think they will remain elevated still or do you think this is a temporary relief, a trend perhaps that could sustain? Which one of these do you think it is? Devendra Pant: There will be a relief because generally what happens is when you are entering the winter season, you see the kind of price movement in the vegetables or the fruits, they tend to ease because what happens is either you have the less rainfall or more rainfall and because of that there are some supply shortages.

were among the top gainers.

Stocks that rallied over 10% included, Orbit Exports(13.91%) and DCM Ltd(13.42%).

«Investors are kicking some of the themes that they felt were worth backing, especially in the wake of Donald Trump's victory in the presidential election,» says Cameron Brandt, EPFR Global How you are looking at the trajectory that we have seen play out on Wall Street and how you have read into the producer price index report that we have seen, what the expectation is now from the US Fed. Cameron Brandt: Well, what we have seen from a fund flow perspective is an enormous flood of money come in to US mandated funds since the beginning of November really eclipsing pretty much every other fund group that we track.

ADF Foods Ltd.(up 1.36%), LT Foods Ltd.(up 1.19%), Dangee Dums Ltd.(up 0.57%), Colgate-Palmolive(India)Ltd.(up 0.51%), JHS Svendgaard Laboratories Ltd.(up 0.40%), Nakoda Group Of Industries Ltd.(up 0.31%) and Euro India Fresh Foods Ltd.(up 0.17%) were among the top gainers.

Havells India Ltd. traded 0.25 per cent in Friday's session at 10:14AM (IST). The stock opened at Rs 1757.10 and has touched an intraday high and low of Rs 1782.75 and Rs 1757.10, respectively, during the session so far. The stock quoted a 52-week high of Rs 2104.95 and a 52-week low of 1280.20. About 7,742 shares changed hands on the counter so far.

buy call on Maruti Suzuki India with a target price of Rs 15,250. The current market price of Maruti Suzuki India is Rs 11,119.65. Maruti Suzuki India Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 349584.22 crore, operating in Auto sector. Maruti Suzuki's key products/revenue segments include Passenger Cars & Light Duty Utility Vehicles, Spare Parts & Components, Other Operating Revenue, Service Income, Scrap, Rental Income for the year ending 31-Mar-2024.

Domestic benchmark index NSE Nifty fell 177.05 points to 24371.65, while the BSE Sensex traded 575.95 points down at 80714.01.

PowerGrid are likely to remain in focus on Friday as the company announced that it has emerged as a successful bidder under Tariff-Based Competitive Bidding (TBCB) for 2 projects. These projects pertain to establishing Inter-State Transmission System under Build, Own Operate and Transfer (BOOT) basis.

Hindustan Aeronautics Ltd (HAL) shares will remain in focus on Friday after the Ministry of Defence (MoD) announced a Rs 13,500-crore contract with the company to procure 12 Su-30MKI fighter aircraft. The deal, signed on Thursday, December 12, aims to bolster India's defence capabilities while promoting the ‘Aatmanirbhar Bharat’ initiative. The deal, valued at approximately Rs 13,500 crore, includes associated equipment and is inclusive of taxes and duties. The aircraft will feature a homegrown content of 62.6%, achieved through the indigenisation of numerous components manufactured by the Indian defence industry.

Bajaj Finance shares will remain in focus on Friday after India's largest non-bank consumer financier has unveiled a new business plan for the next five years which envisages integration of artificial intelligence (AI) across all its processes to improve customer engagement, grow revenue, enhance productivity, strengthen controls and reduce operating and credit costs. In chat with ET, managing director Rajeev Jain said the transition to an all-encompassing AI based system will improve customer conversion rates at a much lower cost while ensuring the loan growth remains at current rate or moves to a faster trajectory.

Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff.Bank Nifty Today Live Updates: At current prices Bank Nifty, faces the below Resistance and Support levels As of the last trading day, the Bank Nifty closed at 53,391.35. This closing price reflects the performance of the banking sector in the Indian stock market, indicating market sentiment and investor confidence in financial institutions.