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Oil prices rose on Friday, closing the week higher on the back of cold weather in Europe and the U.S. as well as additional economic stimulus flagged by China. Brent crude futures settled 58 cents, or 0.8%, higher at $76.51 a barrel, the highest level since Oct 14. U.S. West Texas Intermediate crude settled 83 cents, or 1.13%, to $73.96, the highest level since Oct 11.

Federal Reserve rate cuts and looser regulatory policies from the incoming administration. A broad rally sent all three major U.S. stock indexes to a higher close, with megacap growth companies, such as Tesla and Nvidia, providing much of the muscle to the upside and putting the tech-heavy Nasdaq out front.

Gold prices retreated from a three-week high on Friday, pressured by a robust dollar, while markets braced for potential economic and trade shifts under U.S. President-elect Donald Trump. Spot gold eased 0.6% to $2,641.52 an ounce at 01:41 p.m. ET (1841 GMT), after hitting its highest level since Dec. 13 earlier in the session. Bullion is up about 0.8% for the week so far.

A still solid labor market and stubbornly high inflation have lifted Treasury yields in recent weeks and boosted demand for the U.S. currency.

infrastructure investment trust sponsored by Gawar Construction Ltd, on Friday said it has fixed a price band of Rs 99-100 per unit for its Rs 1,578-crore initial public offering (IPO). The IPO that opens for public subscription on January 7, will conclude on January 9, the company said in a statement. The public issue of Capital Infra Trust (formerly National Infrastructure Trust) is set to become the first InvIT IPO of 2025.

ICICI Prudential Mutual Fund (MF), Kotak MF, Tata MF, Motilal Oswal MF, 3P Investment Managers, Kotak Infinity Fund — Class AC, ITI MF, Massachusetts Institute of Technology, Amansa Holdings, and Clarus Capital were anchor investors, according to a circular uploaded on BSE website. According to the circular, Standard Glass Lining Technology Ltd has allotted 87.86 lakh shares to 10 entities at Rs 140 per equity share, which is also the upper end of the price band. This aggregates the transaction size to Rs 123.01 crore.

capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO is a combination of fresh issuance of up to 1.9 crore equity shares and an Offer-For-Sale of up to 35 lakh shares by promoter Shankarlal Deepchand Mehta, according to the Draft Red Herring Prospectus (DRHP) filed on December 30. The aggregate shareholding of the promoters and promoter group of Rajputana Stainless is at 78.21 per cent, while public shareholders have a 21.79 per cent stake.

Bank of Baroda's (BoB’s) Q3FY25 global business grew by 11.74% year-on-year to Rs 25.64 lakh crore versus Rs 22.94 lakh crore reported by the state lender in the year-ago period. In this, the global advances surged 11.65% YoY to Rs 11.72 lakh crore in the quarter ended December 31, 2024, up from Rs 10.49 lakh crore in Q3FY24, the company informed the exchanges after market hours. Meanwhile, global deposits of the bank grew by 11.82% YoY in the said quarter to Rs 13.92 lakh crore versus Rs 12.45 lakh crore in the corresponding quarter of the previous financial year.

Marico on Friday estimated its consolidated quarterly revenue will rise in the mid-teen percentage range, boosted by improving rural consumption and higher demand for its Parachute and Saffola brands of oils. Cooking oil has largely withstood a broader slowdown among branded consumer goods due to its essential nature, according to analysts, even as brands raised prices in recent months to make up for higher ingredient costs.

On the BSE, Superior Finlease(down 12.97 per cent), Parker Agrochem(down 12.73 per cent), Ascensive Educare(down 12.47 per cent), Sonalis Consumer Pro(down 10.00 per cent) and Rose Merc. Ltd.(down 9.87 per cent) stood among the top losers in today's trade.

Dalal Street and deal-making activity recording its busiest year ever, investment bankers are estimated to have earned $1.3 billion in fees last year. Kotak Mahindra Bank took the top position for overall investment banking fee ranking in India with a total of $92.8 million, accounting for 7.2% wallet share of India's investment banking fee pool, showed data from LSEG.

IT stocks, as investors remained cautious ahead of the corporate earnings season starting next week. The benchmark BSE Sensex lost 720.60 points or 0.90% to close at 79,223.11, while the broader Nifty 50 index closed at 24,004.75, lower by 183.90 points or 0.76%.

Shares of Punjab National Bank(up 0.88 per cent), IndusInd Bank Ltd.(up 0.67 per cent), IDFC First Bank Ltd.(up 0.62 per cent), Au Small Finance Bank Ltd.(up 0.45 per cent) and Canara Bank(up 0.35 per cent) ended the day as top gainers in the pack.

Subscribe to enjoy similar stories. The last few months of 2024 saw some turbulence in global equity markets due to various factors, leading to a correction in stocks. India’s share in global market capitalization has dipped to 4.2% in December from its August peak of 4.6%, as global equity markets faced turbulence, showed an analysis by Motilal Oswal Financial Services Ltd.

LTIMindtree Ltd. 0.29 per cent to Rs 5734.90 at 12:49PM (IST) in Friday's trade. The stock has hit a high of Rs 5789.55 and low of Rs 5700.50 so far during the session. The stock had closed at Rs 5752.00 in the previous session. The counter has had a total traded volume of 3703 shares so far with a value of Rs 2.12 crore on the NSE. It traded at a price-to-earnings multiple of 36.42 and a price-to-book ratio of 7.30.

KPI Green Energy shares started trading on an ex-bonus basis on Friday for their 1:2 bonus share issue. The stock dropped 2.4% to its intraday low of Rs 558.60 on the BSE. “Pursuant to Regulation 42 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant provisions of the Companies Act, 2013 and Rules made thereunder, the Company has fixed Friday, January 03, 2025, as the ‘Record Date’ for determining the eligibility of Shareholders entitled for issuance of Bonus Equity Shares of the Company in the proportion of 1 (One) Equity Shares of Rs. 5/- (Rupees Five only) each for every 2 (Two) existing Equity Share of Rs. 5/- (Rupees Five only) each,” the company said in an exchange filing.

Cummins India Ltd. 0.86 per cent to Rs 3226.40 at 11:12AM (IST) in Friday's trade. The counter has hit a high of Rs 3299.35 and low of Rs 3226.40 so far during the session. The stock had closed at Rs 3254.50 in the previous session. The counter has had a total traded volume of 1527 shares so far with a value of Rs 0.50 crore on the NSE. It traded at a price-to-earnings multiple of 46.02 and a price-to-book ratio of 12.61.

Oil and Natural Gas Corp (ONGC) climbed as much as 3.7% on Friday to Rs 255.20 on BSE after global brokerage firm Jefferies reiterated its «buy» rating on the stock at a target price of Rs 375, reflecting significant potential upside of 47% from the current levels. Jefferies said that the recent 30% correction in ONGC's stock price over the last three months appears unwarranted, attributing it to a 10% decline in crude oil prices. However, the brokerage firm noted that the earnings impact from this correction is minimal, with a reduction of only about 2%.

Magadh Sugar & Energy Ltd.(up 1.73%), Simbhaoli Sugars Ltd.(up 1.60%), Rajshree Sugars & Chemicals Ltd.(up 1.35%), Kothari Sugars & Chemicals Ltd.(up 1.28%), Vishwaraj Sugar Industries Ltd.(up 1.13%), Bajaj Hindusthan Sugar Ltd.(up 1.11%), Rana Sugars Ltd.(up 0.85%), Dalmia Bharat Sugar and Industries Ltd.(up 0.80%), Shree Renuka Sugars Ltd.(up 0.80%) and Ugar Sugar Works Ltd.(up 0.77%) were among the top gainers.

Stocks that rallied over 10% included, Avenue Supermart(13.64%), Astec Lifesc(13.59%), Ashiana Ispat(11.94%), Rasi Electrodes(11.11%), Pasari Spinning(11.03%), Jayaswal Neco(11.02%) and Uma Exports(10.82%).

Adani Power Ltd. traded 0.6 per cent at Rs 524.85 at 10:36AM (IST) on Friday, even as BSE benchmark Sensex 623.55 points to 79320.16. The scrip had settled at Rs 521.70 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 896.75 and Rs 430.85, respectively.