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Auto expert Mike Caudill argues Elon Musk's design of the Tesla Cybertruck will push potential buyers away on 'Cavuto: Coast to Coast.'

₹5,942 per bbl, having swung between ₹5,935 and ₹6,148 per bbl during the session, against a previous close of ₹6,027 per barrel. Also Read: India increases oil imports from Saudi as Russian purchases fall to 11-month low in December -A Reuters survey of economists and analysts predicted that Brent crude would average $82.56 a barrel this year, up slightly from the 2023 average of $82.17, with weak global growth expected to cap demand. Geopolitical tensions, however, could provide price support.

Here's how analysts read the market pulse: «A bearish candle has emerged on the daily Nifty chart, indicating a potential bearish trend in the near future. Sentiment is expected to stay bearish as long as it remains below 21,750. Any upward movement toward 21,750 could encounter selling pressure. However, a clear breakout above 21,750 could shift sentiment in favor of the bulls. Support is established at 21,500 on the lower end,» said Rupak De, Senior Technical Analyst at LKP Securities. Ajit Mishra of Religare Broking, said, «The underperformance of the banking majors is largely weighing on the sentiment amid consolidation, and a decisive close above 21,800 in Nifty would prompt the next leg of the up move. Meanwhile, we feel it is prudent to prefer defensive viz. FMCG, pharma and stay selective in others.» That said, here’s a look at what some key indicators are suggesting for Wednesday's action:

loan focused non-bank lender Muthoot Finance on Tuesday said it will raise up to Rs 1,000 crore through a public issue of secured, redeemable non-convertible debentures. The fresh non-convertible debentures (NCDs), which is the 33rd public issue of the largest gold loan financier with over Rs 60,000 crore of loan outstanding, has a base issue size of Rs 100 crore with an option to retain oversubscription up to Rs 900 crore.

Bengaluru: Last month, The New York Times filed a suit against OpenAI and Microsoft, alleging that their generative artificial intelligence (AI) tools—ChatGPT and Bing Chat (now rebranded as Co-pilot)—were built by copying and “using millions of The Times’s copyrighted news articles, in-depth investigations, opinion pieces, reviews, how-to guides, and more". While GenAI has captured everyone’s imagination and will continue to mature in the years ahead, the suit underlines the need for stronger global guard rails. Apart from copyright violations, there are fears of machines acquiring human biases and GenAI vapourizing millions of white-collar jobs.

The plans to increase buoyancy in tax collections, widening the tax base and increasing the compliance by taxpayers seem to have been aided by the new income tax (IT) regime in the current financial year. However, experts feel a few more tweaks in the tax rates in the forthcoming interim Budget could make the exemption-free regime more attractive.

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Also Read: Indian stock market has upside potential despite fair valuations: Motilal Oswal In today's trade, Lupin's shares soared nearly 7%, hitting a new all-time high of ₹1,404 apiece after Japanese brokerage firm Nomura raised the target price on the stock to ₹1,593 apiece from the previous ₹1,290, maintaining its 'buy' recommendation. The brokerage has an optimistic outlook on Lupin, largely driven by the company's robust US pipeline and growth in the India business.

Shares of Prestige Estates Projects Ltd.(up 1.08 per cent), Godrej Properties Ltd.(up 0.69 per cent) and Mahindra Lifespace Developers Ltd.(up 0.29 per cent) ended the day as top gainers in the pack. On the other hand, Macrotech Developers Ltd.(down 3.6 per cent), Brigade Enterprises Ltd.(down 1.93 per cent), Swan Energy Ltd.(down 1.52 per cent), DLF Ltd.(down 1.34 per cent) and Sobha Ltd.(down 1.08 per cent) finished as the top losers of the day.

The allotment status can also be checked by visiting the official website of the registrar to the issue which is Cameo Corporate Services in this case. Step 1: Visit the IPO Allotment Status page on Cameo Corporate Services website Step 2: Select IPO from the dropdown Step 3: Put Application number and enter captcha and 'Submit'. Akanksha Power IPO allotment: Check status, GMP, listing date and other details According to market analysts, the company's shares are commanding a premium of Rs 8 as against an issue price of Rs 36. The tentative listing date is fixed as January 3. The IPO received subscription of 66 times at close.

Benchmark NSE Nifty closed 47.3 points down at 21731.4 amid selling in frontline bluechip counters. However, stocks such as Bajel Projects, Akshar Spintex, IKIO Lighting, Raj Rayon and Flair Writing Indust, touched their fresh 52-week lows.

UltraTech Cement share prices declined more than 3% in intraday trades on Tuesday . The Q3 volume growth number failed to lift the street sentiments on a day when benchmark indices also corrected more than half a percent. UltraTech had reported its Q3FY24 consolidated cement volume at 27.3 million tonne on Monday, just after market hours, which reflected a growth of 6% YoY and 2% sequentially.

BSE Midcap and Smallcap indices hit their fresh record highs of 37,193.29 and 43,196.17 respectively during the session but failed to hold gains and ended almost flat. The BSE Midcap index ended with a loss of 0.08 per cent while the Smallcap index lost 0.03 per cent. Some 19 stocks ended with gains in the Nifty 50 index today.

Thereal estate market, a key driver of the country's economy, has been undergoing rapid evolution and growth in recent years. Fueled by increasing urbanisation and rising incomes, the housing sector has become a significant contributor to India's economic landscape. With a surge in demand for homes, major builders have made strategic adjustments to pricing, fostering expectations of a positive trajectory for house prices in the coming years.

Dhaval Ajmera, director, of Ajmera Realty & Infra India Ltd, recently put that to the test when he attempted and completed the IRONMAN 70.3 in Barcelona, one of the toughest triathlons on the planet. He was one of only 14 Indians to participate last year. Ajmera, a passionate athlete who has been running for more than 15 years, says participating in the Ironman triathlon is something that has been on his mind for the last three years. “I was just unsure if I should go for it,” he shares. But after talking to friends who have successfully completed the challenge, Ajmera decided to take the plunge. “I strongly believe that the human body has the capacity to take up the toughest challenges, be it an endurance race, a professional pursuit or something else,” he says.

Motilal Oswal Financial Servicespointed out the seasonality is likely to hurt revenue growth and margin performances of both tier-1 and tier-2 IT companies. "The industry has not witnessed any meaningful change in spending patterns, as discretionary spending continues to pause enterprises. Although sentiment has improved, it has not yet been reflected in actions," Motilal Oswal said.

Stock market today: Vodafone Idea share price tumbled after the telecom company rebutted media reports about any possible tie-up with Elon Musk's Starlink. Vodafone Idea share price touched its intraday low of ₹15.95 apiece on NSE, losing around 5 per cent against its Monday close of ₹17 per share. Vodafone Idea's rebuttal came in its stock market's exchange filing on Tuesday in which the telecom company said that it was not in any such discussion with the named party.

Stock market today: DCB Bank shares have been in uptrend since December 2023. After bottoming out at around ₹113 apiece levels in December 2023, this banking stock has remained an ideal buy on dips stock for stock market investors. In last one month, DCB Bank share price has risen from around ₹113 to ₹150 apiece levels on NSE, delivering to the tune of 28 per cent return to its positional shareholders.

₹1,715 per share, implying an upside of 16% from Monday’s closing price. Also Read: Kotak 'downgrades' GAIL stock after a stellar nearly 70% run in 2023. Here are 3 major reasons why The brokerage firm is optimistic on Concord Biotech on the back of fermentation APIs gaining market share with expansion of API portfolio in the low-volume high value segment and formulations segment picking-up due to new launches and the addition of injectables portfolio.

Anish Tawakley, Deputy CIO - Equity, ICICI Prudential AMC believes the froth is overdone in the mid-cap and small-cap spaces and he recommends booking profits and switching to large caps. In an interview with Mint, Tawakley also said that the performance of the Indian market will be driven more by earnings growth and earnings outlook, than by small moves by the Fed. Edited excerpts: Market performance was good in 2023 because the economic outlook has turned positive.

Also Read: Gold prices track best year since 2020, supported by hopes of Fed rate cut in 2024 However, analysts believe gold price is expected to remain in a narrow range in the month of January after the recent upmove. “Gold prices saw a decent rally recently amid dovish Fed and anticipation of rate cuts in 2024. However, the positives are largely discounted and the bullion prices are expected to remain in a narrow range this month," said Ajay Kedia, Director, Kedia Advisory.