Experts Financial News

Nifty finally closed at the lows. A long bear candle was formed on Nifty’s daily chart on Tuesday, which has almost erased the gains made on Friday. Technically this market action is indicating a lack of strength to sustain the upside bounce.

High Representative for Foreign Affairs and Security Policy, Kaja Kallas, highlighted that the situation in Georgia is not moving in the right direction for its citizens. The EU emphasized its continued support for the people of Georgia by redirecting financial aid from government authorities to civil society and independent media. Also Read: Devastating layoffs: Kamala Harris fires DNC staffers without severance packages just before Christmas holidays and gives them pep talk afterwards

Kamala Harris assures DNC staff that their spirit will not be defeated following devastating layoffs. Harris made the remarks on Sunday in Washington, D.C., during the DNC's holiday celebration. At the event, which was attended by staffers fired from the Democratic National Committee without severance pay following the election, she spoke alongside President Biden and First Lady Jill Biden. Harris emphasized the importance of being mindful of blessings and the invincible spirit that drives their efforts. The spirit that drives the innumerable hours, days, and months of effort they have invested in this, as quoted in a report by Fox News. She thanked those present for their clarity and willingness to work hard. She also emphasized the need for continued effort and fighting for their nation. Biden also assured them that they are not going anywhere, in reference to Harris.

Portfolio Investors (FPIs) from issuing offshore derivative instruments (ODIs) with derivatives as underlying or use derivatives to hedge their ODIs in India. «A Foreign Portfolio Investor shall not issue ODIs with derivatives as reference/underlying. A Foreign Portfolio Investor shall not hedge their ODIs with derivative positions on Stock Exchanges in India. Accordingly, ODIs shall only have securities (other than derivatives) as underlying and shall be fully hedged with the same securities on a one-to-one basis, throughout the tenure of the ODI,” a Sebi circular issued on Tuesday said.

Cloud computing solution provider AceCloud on Tuesday announced a new cloud region in Noida in partnership with data solution provider firms NetApp and Quantum. A cloud region is a specific geographic area containing multiple data centres owned by a service provider. The cloud region will offer low-latency access to advanced cloud technologies with enterprise-level reliability, integrated security, and disaster recovery features, a company statement said. It will offer affordable pricing plans for high-performance cloud services. The pricing for compute for GPU will start from $ 0.03/hour and object storage at $ 7/TB/month, it said.

bank capped losses. The rupee hit a low of 84.93 against the U.S. dollar, before closing at 84.8950, down 0.04% on the day.

Aman Goel, the co-founder and CEO of Mumbai-based GreyLabs AI, has stirred debate on success and productivity with his recent post on X. Sharing his personal journey, Goel challenged the widely accepted notion that «ideal habits» are essential to becoming successful. “I don't wake up at 5 AM. I don't take cold showers. I don't read books. I don't follow the ‘ideal habits’ that people claim are essential to becoming a millionaire,” wrote Goel. “Yet, here I am—a multi-millionaire in my 20s.”

equity sale of Rs 500 crore and an offer for sale (OFS) of 21 lakh shares, will close on December 24. The offer is being made through the book-building process, wherein about 75% is reserved for qualified institutional buyers, 15% for non-institutional investors, and 10% for retail investors.

Finance Minister Nirmala Sitharaman on Tuesday said the lower-than-expected GDP growth of 5.4 per cent in the second quarter was a «temporary blip» and the economy will see healthy growth in the coming quarters. Replying to a debate in the Lok Sabha on the first batch of Supplementary Demands for Grants, she said India has seen «steady and sustained» growth and its GDP growth rate has averaged 8.3 per cent in the last three years. India continues to be the fastest-growing major economy in the world, Sitharaman added. The second quarter growth is only a «temporary blip», and the economy will see healthy growth in the coming quarters, Sitharaman said.

These high-performing stocks that rallied more than 10% during the session included, Sambhaav Media(13.05%), Jyoti CNC Automation(12.05%), Amal Ltd(11.71%), Enbee Trade Fin(11.63%), Duropack Ltd(11.49%), LGB Forge(10.89%), RGF Capital Markets(10.84%), EMS(10.57%), Gala Precision Engin(10.48%) and Mangalam Global Ent(10.19%).

HDFC Bank and ICICI Bank and declines in blue-chip stocks like Reliance Industries and Bharti Airtel weighed on the benchmarks. The benchmark BSE Sensex lost 1064.12 points or 1.30% to settle at 80,684.45, while the broader Nifty 50 index closed at 24,336.00, lower by 332.25 points or 1.35%.

Umang Dairies Ltd.(up 6.94%), Gopal Snacks Ltd.(up 5.69%), Nakoda Group Of Industries Ltd.(up 3.79%), LT Foods Ltd.(up 2.99%), Euro India Fresh Foods Ltd.(up 2.68%), Sheetal Cool Products Ltd.(up 0.75%), ADF Foods Ltd.(up 0.71%) and Varun Beverages Ltd.(up 0.38%) stood among the top gainers.

wealth management firms, has raised $2 million in a funding round led by early-stage venture capital firms Chiratae Ventures and BoldCap. The round also saw participation from investors such as Sparrow Capital, SFMG Wealth Advisors and Better Capital. The funds will be used to enhance and accelerate the product by expanding customisation capabilities, enhancing integrations, scaling partnerships and hiring talent.

Nitin Gadkari has asked the Indian Road Congress to develop international standards and codes for development of bridges and tunnels to ensure best quality construction. “Common policy will help all stakeholders. I have suggested Indian Road Congress to come up with common standards for construction of bridges and tunnels, though I understand construction of tunnels depends on the geology of the terrain or the place,” he said while virtually addressing the Assocham’s Annual Infrastructure Conference on Tuesday. Commenting on the need for a good quality as well as cost effective construction, Gadkari said, the quality of national highways in the country is not up to the mark and we need technological innovations to develop best quality infrastructure which is also economically viable.

Those interested can buy 21 shares in one lot and in multiples thereafter.

Annual Information Statement (AIS) and those revealed in Income Tax Returns (ITRs) for the fiscal years 2023–2024 and 2021–2022 the Central Board of Direct Taxes (CBDT) has started an electronic campaign. In a press release dated December 17, 2024, the Ministry of Finance said, «People who have taxable income or major high-value transactions recorded in their AIS but have not filed ITRs for the relevant years are likewise the target of this campaign. The e-Verification Scheme, 2021, is being implemented in part via this endeavour.»

Bhupender Yadav on Tuesday said that the Constitution is the biggest gift for the citizens, adding that the people of the country deserve the credit for keeping up the ethos of the constitution even after rapid development of the country. «When the constitution was made, India's population was 40 crore, today it is 140 crore. We have still become one of the strongest democracies in the world,» said Yadav. The minister attacked the opposition saying that a few people keep a copy of the Constitution in their pockets, which is not even original. Showing the original Constitution, Yadav said that the book contains illustrations throughout its pages. He further pointed out to the illustrations that have been displayed in each of the chapters.

To determine the busiest international and domestic flight routes, OAG analyzed the volume of scheduled airline seats from January to December 2024. The routes listed reflect round trip flights rather than one-ways in a single direction. “With the Asia Pacific region very close to a full recovery, the busiest routes are concentrated in the familiar major hubs of Hong Kong, Seoul Incheon and Singapore,” said John Grant, chief analyst at OAG, in a release.

bank meetings this week that is likely to see the U.S. Federal Reserve deliver a rate cut and the Bank of Japan stand pat for now. The pan-continental STOXX 600 was down 0.5%, to a two-week low. Germany's DAX, France's CAC 40 and Britain's FTSE 100 were lower by between 0.1% and 0.7%.

Transatlantic Tunnel, estimated to cost $20 trillion (£15.8 trillion), promises exactly that, leveraging hyperloop technology to achieve unprecedented travel speeds. However, the project, described as one of the most ambitious infrastructure ideas in history, faces monumental challenges, from technological uncertainties to colossal costs. While captivating, this vision seems far removed from practical realisation.

According to BSE, Nippon MF, Kotak MF, Axis MF, SBI Pension Fund, and HDFC Life participated in this round. The five years coupon bearing debt carries an interest rate of 7.73%.