Experts Financial News

The UN trade and development agency UNCTAD said global exchanges of goods and services are expected to reach a record level of nearly $33 trillion in 2024. «This $1 trillion increase, reflecting 3.3 percent annual growth, highlights resilience in global trade despite persistent challenges,» the UN agency said in a statement.

Uttar Pradesh's Pilibhit and Chitrakoot districts early Friday, police said. In Pilibhit, a car with 11 people crashed into a tree in an area under the Neoria Police Station, resulting in the death of five passengers, a senior police officer said. «Some people from Khatima in Uttarakhand had come here to attend a wedding. They were on their way back in a Maruti Ertiga car with 11 people onboard. The car apparently lost control and crashed into a tree along the road,» Superintendent of Police (Pilibhit) Avinash Kumar Pandey told PTI Videos. «Doctors have informed us that three people were brought dead to the hospital while two succumbed during treatment — a total of five casualties,» he said.

BJP MLA Kalidas Kolambkar will take oath as the pro-tem Speaker of the Maharashtra legislative assembly on Friday, a day before the special three-day session of the Lower House of the state legislature begins. Talking to PTI this morning, Kolambkar, a nine-time MLA, confirmed that he will take oath as the pro-tem speaker at 1 pm at the Raj Bhavan. Governor C P Radhakrishnan will administer the oath to him, he said. Kolambkar currently represents the Wadala assembly constituency in Mumbai.

The overall Air Quality Index (AQI) recorded in Delhi was 183, categorised as 'moderate' as of 7 am on Friday, according to the data of the Central Pollution Control Board (CPCB). As per data of the CPCB, the AQI at ChandChowk stands at 183 as of 7 am, 183 at ITO, 168 at Okhla Phase 2, 159 at Jawaharlal Nehru Stadium, 195 at Patparganj, 115 at Aya Nagar, 124 at Lodhi Road, 137 at IGI Airport (T3) and 212 at Punjabi Bagh.

Monetary Policy Committee (MPC) will announce its bi-monthly policy decisions on Friday at 10:00 am, after a three-day meeting that began on December 4. For the first time in over 30 months, the MPC is expected to focus more on slowing economic growth. The RBI has kept its policy rate at 6.5% for the last ten meetings, maintaining a cautious stance on inflation, especially due to persistent high food prices, while remaining optimistic about growth prospects, thanks to favourable monsoons and hopes of a revival in capital expenditure.However, it shifted its stance from withdrawal of accommodation to neutral in the last meeting.

Debt-laden telecom company Vodafone Idea is in the spotlight after announcing that its board will consider a proposal to raise Rs 2,000 crore from Vodafone Group entities. This comes as Vodafone Group plans to sell a 3% stake in Indus Towers to clear its USD 101 million (approximately Rs 856 crore) debt and channel the remaining proceeds toward its Indian venture, Vodafone Idea. "… a meeting of the Board of Directors of the Company is scheduled to be held on Monday, 9 December 2024, inter-alia, to consider proposal for raising of funds not exceeding Rs 2,000 crore, by way of issuance of equity shares and / or convertible securities on a preferential basis to one or more entities belonging to Vodafone Group," the company said in a filing.

buy call on EPACK Durables Ltd. with a target price of Rs 575. The current market price of EPACK Durables is Rs 435. The time period given by analyst is year when EPACK Durables Ltd. price can reach defined target. EPACK Durables, incorporated in 2019, is a Small Cap company with a market cap of Rs 4223.54 crore, operating in General sector. EPACK Durables' key Products/Revenue Segments include Electrical Consumer Durables, Other Operating Revenue, Scrap and Export Incentives for the year ending 31-Mar-2024.

Foreign institutional investors (FIIs), who started fleeing India after Nifty hit record high in September-end, are now on a course correction path. After selling Indian stocks worth Rs 116,437 crore in the one-and-a-half month period beginning October, FIIs ended up being buyers to the tune of Rs 809 crore last fortnight. December month saw acceleration in the pace of buying as FIIs have pumped in around Rs 23,500 crore so far in the month.

Indian market is likely to consolidate on Friday tracking mixed global cues. The Nifty future closed positive with gains of 0.87% at 24,775 levels on Thursday.

Shantanu Naidu, widely known as Ratan Tata’s trusted associate, has introduced Jaipur to his silent reading initiative, «Bookies.» The community, designed for individuals to gather at public locations and read in silence, launched in Jaipur with an event planned for Sunday, December 8.

NSE SME platform on Friday. Ahead of the listing, the company's shares were trading with a GMP of Rs 78 in the grey market. Considering the upper price band of Rs 83, the stock is likely to see a maximum premium of 90% over the issue price.

UnitedHealthcare CEO Brian Thompson on Wednesday in Manhattan, with both UnitedHealth and rival CVS Health removing photos of their leadership teams from their websites after the shooting. UnitedHealthcare, part of UnitedHealth Group, is the biggest U.S. insurer. CVS operates Aetna, another top insurer. Thompson was killed in an attack police called targeted as he was about to enter the Hilton hotel for the company's annual investor conference. The gunman, whose crime was recorded on video, is at large and the New York City Police Department said there was no known motive for the murder.

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.

Ola Electric shares will be in focus on Friday after the Central Consumer Protection Authority (CCPA) requested additional documents and information from the electric two-wheeler manufacturer in connection with a previously issued show cause notice. The communication, sent via email on December 4, gives the company 15 days to submit its response, Ola Electric said in a filing with stock exchange Thursday.

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.

Subscribe to enjoy similar stories. Nifty 50, India's benchmark stock market index, sustained its positive momentum for the fifth consecutive session. On 5 December, Thursday, the index opened with a gap-up and formed a bullish candle on the charts.

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

As the public holidays are announced by the two state governments, will you be able to visit your local bank branch to do any banking transactions today.

Authorities said they were surveying for signs of damage. The closest city to the epicenter, Ferndale, has a population of about 1,300 people; the quake was also felt more than 200 miles to the south in the San Francisco Bay Area and in the Sacramento Valley to the east. The National Weather Service briefly issued a tsunami warning in coastal counties in Northern California and southern Oregon, telling residents to head inland or for high ground, but it canceled the alert about an hour after the quake occurred.

U.S. lawmakers and experts warn that the U.S. severely lags behind China in shipbuilding capacity and urge action to build up the country’s ability to develop and produce weapons and other defense supplies to avoid war with China