Experts Financial News

ACC Ltd. 0.21 per cent to Rs 2084.40 in Friday's trade as of 11:37AM (IST). The stock hit a high price of Rs 2101.00 and low of Rs 2082.80 during the session. The return on equity (ROE) for the stock stood at 14.3 per cent. Traded volume on the counter stood at 11:37AM shares and turnover at Rs 0.38 crore around that time. The stock of ACC Ltd. quoted a 52-week high price of Rs 2843.00 and 52-week low prices of Rs 1867.15, respectively.

Tata Elxsi Ltd. traded 0.48 per cent in Friday's trade at 11:31AM (IST). Around 1,660 shares changed hands on the counter. The counter opened at Rs 6892.40 and touched an intraday high and low of Rs 6979.95 and Rs 6857.75, respectively, in the session so far. Shares of the company of Tata Elxsi Ltd. quoted a 52-week high of Rs 9082.90 and a 52-week low of Rs 6285.05.

Lupin Ltd. traded 1.38 per cent at Rs 2211.75 at 10:04AM (IST) on Friday, even as BSE benchmark Sensex 520.78 points to 78993.26. The scrip had closed at Rs 2181.60 in the previous session. The stock quoted a 52-week high price of Rs 2312.00 and 52-week low of Rs 1281.00, respectively. As per BSE data, total traded volume on the counter till 10:04AM (IST) stood at 6445 shares with a turnover of Rs 1.42 crore.

Rajeev Agarwal, Fund Manager & Managing Partner, Doordarshi India Fund, says the policy measures will drive to a very large extent what happens either on the upside or the downside. Markets may not tell the full story because there is a story about some stocks that have risen a lot in 2024 and maybe they will take a little bit of a backseat while some others that have been punished in 2024 may have a better opportunity as we go into 2025. It may be a lot more stock-specific rather than market-specific. But from an Indian stock perspective, the base case of around 13% annual return is quite reasonable. What exactly are you expecting in terms of the market dynamics – globally as well as back home? What’s in store for global markets next year, after they have been navigating through this election cycle, lots of unusual market dynamics as well? Rajeev Agarwal: For 2025, clearly the one big event is Trump taking over the reins as the US President. A lot of policy measures are expected to be introduced by Trump very quickly. Clearly, he has the people that he wanted and many of those will get confirmed. That is going to be the one big event which will drive a lot of the markets.

H-1B visas, a long-contentious issue in American labor and immigration policy. The debate has drawn fresh attention, particularly towards Sriram Krishnan, an India-born venture capitalist and newly appointed senior policy advisor for artificial intelligence in Trump's camp. Critics accuse Krishnan and similar figures of prioritizing immigration policies that allegedly displace American workers.

Avenue Supermarts Ltd. traded 1.29 per cent up at Rs 3555.60 at around 10:10AM (IST) on Friday. The stock had closed at Rs 3510.25 in the previous session. Equity benchmark Sensex traded 512.87 points at 78985.35 around the same time.

Bajaj Broking has a buy call on Himadri Speciality Chemical with a target price of Rs 687. The current market price of Himadri Speciality Chemical is Rs 561.1. Himadri Speciality Chemical, incorporated in 1987, is a Mid Cap company with a market cap of Rs 27832.34 crore, operating in Chemicals sector. Himadri Speciality Chemical's key products/revenue segments include Carbon Materials, Power for the year ending 31-Mar-2024.

Manmohan Singh's contributions as the architect of India's economic reforms have left an indelible mark, RBI Governor Sanjay Malhotra said on Friday as he paid tribute to the departed soul. Singh, the former prime minister and finance minister, also served as the RBI governor between 1982 and 1985.

Bharat Forge Ltd. rose 1.46 per cent to Rs 1334.10 in Friday's trade. It hit an intraday high of Rs 1338.50 and low of Rs 1310.35, respectively, during the day. The stock quoted a 52-week high price of Rs 1826.20 and low of Rs 1063.40.

Choice International shares may be in focus on Friday after the company announced that it has received in-principle approval from the market regulator, the Securities and Exchange Board of India (SEBI) for setting up a mutual fund. “With reference to the above subject, we wish to inform you that the Company has received an In-Principle approval from the Securities and Exchange Board of India (SEBI) vide their letter dated December 26, 2024, for sponsoring/setting up of Mutual Fund,” said Choice International in its filing to the exchanges.

Indian market is likely to trade higher on Friday, tracking positive global cues. The Nifty futures closed in the negative with losses of 0.09%, at the 23,748 levels on Thursday.

Oil prices were little changed on Friday but were set for a weekly rise amid optimism economic stimulus efforts will prompt a recovery in China, the world's biggest oil importer. Brent crude futures fell 1 cent to $73.25 a barrel by 0145 GMT. U.S. West Texas Intermediate crude was at $69.60, down 2 cents, from Thursday's close. However, on a weekly basis, Brent was up 0.4% while WTI rose 0.2%.

ACME Solar Holdings shares may grab attention on Friday as the company’s subsidiary ACME Renewtech secured financing of Rs 1,988 crore from Power Finance Corporation (PFC). Additionally, ACME Solar has also won a 300 MW SECI ISTS solar project.

In an interview with ETMarkets, Bharadia said: “Dual taxation through STT and capital gains taxes may deter retail participation and shift investments elsewhere,” Edited excerpts:

Global capability centres (GCCs), a lifeline for a lacklustre job market in 2024, are expected to continue their bull run in the year ahead, with an expected 18-20% surge in hiring in 2025.

In its economic review for November, the ministry also said the «combination of monetary policy stance and macro-prudential measures by the central bank may have contributed to the demand slowdown» in the first half of FY25. It termed the RBI's move to lower the cash reserve ratio to 4% from 4.5% as «good news». This will enable banks to lend more and should help boost credit growth, which has «slowed a little too much and quickly in FY25», the ministry said.

Adani Enterprises, Jubilant Food, IndusInd Bank, Aarti Pharma, Gujarat Fluorochemicals among others will be in focus due to various news developments. Adani Enterprises Adani Enterprises shares are expected to be in focus today following a 26% stake purchase in Gidhmuri Paturia Collieries (GPCPL) from Sainik Mining and Allied Services.

Here's breaking down the pre-market actions:

Subscribe to enjoy similar stories. New Delhi: Bollywood couldn’t have been more conspicuous by its absence in movie theatres this year, with nearly the full April-June quarter going by without any big releases. The industry was hit hard by the Lok Sabha elections and IPL (Indian Premier League) between April and May, and just a handful of titles attracted audiences to the theatres.

Megalodon’ is set to be unveiled in the year 2025 while aiming to become the world's tallest at an astonishing height of 1,000 feet, reported Express US.