Analysis Financial News

Zerodha Founder and CEO Nithin Kamath on Saturday took to social media platform X to warn investors of the stock market malices happening daily and how investors were being fooled by scamsters. Citing market regulator Securities and Exchange Board of India's (Sebi’s) two recent orders — Trafiksol ITS Technologies IPO and Baap of Chart — Kamath reiterated that shortcut to make a quick buck is the surest way to lose money in the markets.

Nifty is likely to continue its northward journey in the next couple of trading sessions, says Sudeep Shah, Deputy Vice President and Head of Technical & Derivatives Research, at SBI Securities. «The zone of 24,850-24,900 will act as a crucial hurdle for the index. Any sustainable move above the level of 24,900 will lead to a sharp upside rally up to the level of 25,200, followed by 25,500 in the short term. While, on the downside, the zone of the 100-day EMA zone of 24,350-24,300 will act as immediate support for the index,» he says.

New Mexico environmental regulators have issued a $47.8 million fine on allegations of excess air pollution at a natural gas processing facility in a prolific oil production region

Exxaro Tiles and a host of other companies are likely to remain in focus next week as they are approaching their record dates for dividends, bonus issues and stock splits. The record date is the date set by the company to decide the eligibility of shareholders to receive an offer. To be eligible for a buyback offer, bonus issue or stock split, the shares should be in the Demat account on the record date.

economic growth rate, the markets maintained a positive bias throughout the week. Further, a positive turnaround from FIIs to India in expectation of a dovish monetary policy by RBI supported the sentiment. During the week, as many as 89 smallcap stocks have delivered double-digit weekly returns with eight of them offering gaining over 25%.

Reserve Bank of India's (RBI) first cut in the cash reserve ratio (CRR) since March 2020 is likely to provide much needed liquidity to the banking system, cooling off bulk deposit rates and lift core profitability of lenders by up to 5 basis points, bankers said. One basis point is a hundredth of a percentage point.

Reserve Bank of India (RBI) has decided to float a new interest rate benchmark — the Secured Overnight Rupee Rate (SORR) — to capture the essence of the broader money markets and to improve credibility of the index. The new benchmark will be based on the secured money market transactions — both market repo and tri party repo (TREPS). Together, they account for 98% of overnight money markets and include participation from both banks and non-banks.

Australia has replaced its Temporary Skills Shortage Visa with the Skills in Demand (SID) Visa starting December 7, the Department of Home Affairs announced. The new visa program features three streams: Specialist Skills Pathway, Core Skills Pathway, and Essential Skills Pathway. The Core Skills Pathway, designed for workers earning between AUD 70,000 and AUD 135,000, will utilize a new list of 456 in-demand occupations. This list includes jobs in sectors like health, education, construction, agriculture, and technology. Examples of listed occupations range from cooks and dog trainers to medical professionals and software engineers. Core Skills Occupation List

capital on Friday, according to the All India Sarafa Association. However, silver declined Rs 300 to Rs 93,500 per kg. The white metal closed higher at Rs 93,800 per kg on Thursday. Price of gold of 99.5 per cent purity also remained flat at Rs 78,750 per 10 grams on Friday.

Paytm operator One 97 Communications on Friday informed exchanges about the company's plans to sell its stake in Japanese digital payments company PayPay Corporation. Paytm in its regulatory filing said the board of directors of One97 Communications Singapore Private Limited in a meeting on Friday gave an approval for the said transaction. One97 Communications Singapore is a wholly-owned subsidiary of Paytm Singapore.

Umang Dairies Ltd.(up 20.00%), JHS Svendgaard Laboratories Ltd.(up 6.39%), Sheetal Cool Products Ltd.(up 5.00%), Gopal Snacks Ltd.(up 4.77%), Jyothy Labs Ltd.(up 2.58%), Bikaji Foods International Ltd.(up 2.40%), Parag Milk Foods Ltd.(up 2.34%), ADF Foods Ltd.(up 2.17%), Emami Ltd.(up 1.67%) and Varun Beverages Ltd.(up 1.67%) stood among the top gainers.

bank kept policy rates unchanged but cut banks' cash reserve ratio, effectively easing monetary conditions amid slowing economic growth. The rupee closed at 84.6875 against the U.S. dollar, up from its close at 84.7325 in the previous session. The currency logged fifth consecutive weekly fall, declining 0.2%.

Indian equity market, often a beacon of growth and resilience, has recently experienced a correction of ~11% in the Nifty 50 Index from its all-time highs. Such movements invariably spark two competing sentiments: excitement about potential buying opportunities and apprehension over further declines. For investors, it’s critical to analyze whether this correction signals an attractive entry point or warrants a more cautious stance.

Stocks that rallied over 10% included, Prakash Steel(14.50%), Natural Biocon(I)(14.42%), Goldiam Intnl(13.68%), GSS Infotech(13.65%), HB Estate Dev(13.28%), Baazar Style Retail(13.18%), Chemfab Alkalis(12.64%), Dhani Services(12.61%), Raj Oil Mills(12.51%) and Suvidhaa Infoserve(11.95%).

Umang Dairies Ltd.(up 20.00%), Gopal Snacks Ltd.(up 7.74%), JHS Svendgaard Laboratories Ltd.(up 5.47%), Sheetal Cool Products Ltd.(up 3.55%), Parag Milk Foods Ltd.(up 3.17%), Bajaj Consumer Care Ltd.(up 2.51%), Bikaji Foods International Ltd.(up 2.21%), ADF Foods Ltd.(up 1.38%), Varun Beverages Ltd.(up 1.28%) and Jyothy Labs Ltd.(up 1.23%) were among the top gainers.

Cummins India Ltd. 0.34 per cent to Rs 3470.05 in Friday's trade as of 11:05AM (IST) even as the benchmark Nifty ruled at 24723.5, 15.1 points. The scrip had closed at Rs 3458.05 in the previous session. The stock quoted a 52-week low of Rs 1836.95 and a high of Rs 4169.50. The company quoted a market-cap of Rs 96728.94 crore on the BSE.

Indian Hotels Company Ltd. traded 0.56 per cent in Friday's trade at 11:15AM (IST). Around 40,183 shares changed hands on the counter. The counter opened at Rs 817.65 and touched an intraday high and low of Rs 826.35 and Rs 816.90, respectively, in the session so far. The stock of Indian Hotels Company Ltd. quoted a 52-week high of Rs 826.35 and a 52-week low of Rs 416.15.

Canara Bank(up 1.96 per cent), Bank of Baroda(up 1.91 per cent), Axis Bank Ltd.(up 1.68 per cent), Punjab National Bank(up 1.57 per cent) and IDFC First Bank Ltd.(up 0.61 per cent) were among the top gainers.

Rajat Sharma, Founder & CEO, Sana Securities, says he is fairly positive on the market, sticking to largecaps. The names that he has already suggested many times like Infosys and ITC and HUL are the stocks that he is buying more of. They have added a few smaller companies. Sharma also says that in pharma, he continues to like Laurus Labs and in power, he is betting on Tata Power, He is also adding ITC and Tata Motors, How are you feeling about the market? Are any opportunities popping up? Rajat Sharma: There are always opportunities. Yesterday has been a very, very crazy day. The markets were flattish to negative. Then, at one point, Nifty was some 300 points up. After some more volatility, the Nifty closed 240 points up. That said, I do not track markets intraday. But it is an unusual day. I think traders could answer that better.

share allotment of Property Share REIT IPO is likely to be finalised later today. Investors will get shares on a lottery basis and the whole process was supervised by the registrar. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made. They can check the allotment status through the BSE or by visiting the registrar's website. Here's how you can check the status on BSE or even on the registrar's website.

While Markets could start on a volatile note on Friday morning, analysts expect the uptrend to continue.