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Sports betting has spread rapidly across U.S. states in the past five years

Rahul Bhuskute, CIO & EVP, Bharti AXA Life Insurance, says: “Given a relatively stable rupee, given inflation, which is sub-6%, given core inflation around the 5% handle, the probabilities of interest rate cuts in India going forward are going to increase and the market should definitely get a tailwind because of that. Have the markets harvested all the tailwinds and front ended all the earnings of all those potential interest rate cuts? We do not believe. So, there is some more to come around that factor.” Markets seem to be in very good shape right now but are the markets ignoring risks on valuation front or are you of the camp that earnings quality of corporate India, the corporate earnings to GDP ratio is actually improving and hence the decline will be cushioned by earnings. Which side of the camp are you? Rahul Bhuskute: I guess clearly markets are at a high and we do believe there are reasons for the markets to do so. First of all, globally the interest rate cycle has peaked out. There is an expectation that interest rates will start coming off. Definitely, in India, we have clearly passed the point of highest rate and therefore the opportunity cost for an equity investor is low and we do expect that to be a continued tailwind for the market going forward.

Sensex rallied over 700 points on Wednesday to scale the 72,000 mark for the first time. Nifty, too, hit a fresh all-time peak of 21,654.75 amid all-round buying in banks, auto, metals and IT stocks. The market rally was broad-based but Nifty's 1% rise left smallcap and midcap indices behind as investors found more value in bluechips after the non-stop rally seen in smaller stocks. UltraTech Cement ended over 4% higher, along with other cement stocks, after Nomura upgraded the sectoral outlook. Among bluechips, Hindalco and Bajaj Auto ended 4% higher while heavyweight HDFC Bank advanced 1%. The combined market capitalisation of all BSE-listed stocks rose by Rs 2.5 lakh crore to Rs 361.4 lakh crore. Here are the key factors behind today's rally:

PM Kusum Scheme1, said CRISIL in a media note. «This will follow a likely revenue growth of 8-10% in the current fiscal. Operating margin, too, will remain healthy, at 12-13% this fiscal and the next, riding on improving operating leverage and with prices of key raw materials remaining steady.

The problem was staring up from a deck of cards, handed from one presidency to the next. As the Trump administration exited the White House, its national security team left behind some 30 baseball-style cards for the incoming Biden staff, monuments to an ancient practice that had somehow become a grave 21st-century challenge. Each bore the photo of an American held hostage abroad.

Mukul Agrawal portfolio: Shares of Concord Control Systems Ltd are one of the multibagger stocks that Indian stock market has delivered in 2023. In YTD time, Mukul Agrawal share's price has has risen from around ₹218 to ₹897.70 apiece levels, delivering to the tune of 300 per cent in YTD time. However, it seems that the railway stock still possess some upside steam.

Before investing in a mutual fund scheme, investors tend to view the historical returns as one of the key criteria. Apart from the past returns of a mutual fund, other significant factors that impact an investor’s decision of whether to invest or not include the fund house’s reputation, category of scheme, and the overall market performance, among others.

private equity and venture capital funds into domestic companies declined about 40 per cent to USD 27.9 billion so far this year, while the outflow increased marginally to USD 19.34 billion year-on-year. According to the numbers collated by Venture Intelligence that tracks private capital and debt flows, and industry body IVCA, investments by private equity and venture capital funds as of December 20, 2023, fell to a low of USD 27.9 billion across 697 transactions, as against USD 47.62 billion inflows in 2022 across 1,364 deals. The year also saw more money being pulled out from the country by private equity players with overall exits touching USD 19.34 billion from 248 companies as against 233 exists worth USD 18.45 billion in 2022, according to the data.

Metal stocks rallied for the fourth consecutive session on Wednesday, which saw the Nifty Metal index hitting a lifetime high. Rollover of positions to the January derivative series and a reversal in the dollar index are aiding the up move in the stocks in the sector. In four sessions, the Nifty Metal index has gained nearly 6% and hit a lifetime high of 7863.75 points. Among base metals, Hindalco Industries rose more than 3% and scaled a 52-week high of Rs 603. National Aluminium Co rose over 1% to Rs 116.85. Steelmakers across the board gained, with Tata Steel, Steel Authority of India, and JSW Steel rising 1-2%.

Hardik Pandya is likely to miss the T20I series against Afghanistan, but will be fit before the Indian Premier League (IPL) from his ankle injury, a source told ANI. Pandya was part of India's ICC Cricket World Cup squad.

BSE-listed firms is now near ₹361.3 lakh crore. Also read: Market momentum may continue in 2024; FPI money will continue to pour into India, says Ajit Banerjee Here are the five factors that experts believe have boosted market sentiment: As the US inflation has been cooling of late, market participants are buying stocks aggressively, expecting the US Federal Reserve to start cutting interest rates as early as March next year. "Market pricing now shows a more than 80 per cent chance the Fed is likely to begin cutting rates next March, according to the CME FedWatch tool, with over 150 basis points of easing priced in for all of 2024," reported Reuters.

In Wednesday’s trading session, five stocks witnessed a build of fresh long positions. Let's first understand how this conclusion is reached that whether the stock has seen a buildup of fresh long position or not.

Joey Jia witnessed the 2020 implosion of short-form video app Quibi and thought: I can do better. Hollywood mogul Jeffrey Katzenberg’s high-profile but short-lived startup charged users $4.99 a month for slick content meant to appeal to a wide user base. Jia, a veteran of Chinese tech companies, says he saw a market in the U.S.

₹17,000 crores. The year 2023 proved to be an intriguing one for the Indian equity market, characterised by notable volatility in the first half led by the Hawkish central bank, rising bond yields, and other macroeconomic challenges.

The potential approval of a spot Bitcoin ETF is one of the major factors, with five key reasons suggesting it could catapult BTC’s price beyond the $100,000 mark.

Investing.com-- Gold prices kept to a tight range in Asian trade on Wednesday after rising optimism over early interest rate cuts by the Federal Reserve drove a strong melt-up in prices through December. 

The decentralized finance system known as Yearn.finance is making a concerted effort to retrieve $1.4 million from arbitrage traders. This predicament came about as a consequence of a multisignature programming mistake that led to a significant depletion of the protocol's currency.

Sanjiv Bhasin, Director, IIFL Securities, says: “I cannot advocate buying into defence companies at the current prices. So do not chase them, there is less room for comfort on the valuations. I can see a plethora of other stocks, the intermediaries or insurance plays. I would go with a Max Finance or an HDFC Life, they have corrected recently. And like I said intermediaries, that is insurance, broking, AMC, custodian and exchanges, these are going to be there for the next 20 years or more.” Three listings are going to happen today. Are any of those companies on your radar or is there anything from primary markets which is on your radar? Sanjiv Bhasin: I recommended Electro Force last week when the issue opened. It has a profitability of Rs 15 crore on a turnover of Rs 80 crore and it will do Rs 150 crore in this year with a profitability of Rs 35 crore. It is a B2B business and its clientele include Siemens, Schneider. It deals with prototyping, precision metal stamping, tool designing, the entire works of insert moulding and anything to do with that.

IndusInd Bank, said, "The introduction of India's first 'Corporate Credit Card' on the RuPay network is a testament to our constant endeavour in elevating the customer experience. The product comes from our deep understanding of the segment and we are delighted to introduce a compelling proposition for Indian professionals and businessmen who travel extensively and require lifestyle-related value-added benefits.

Investing.com-- Most Asian currencies stuck to a tight range on Wednesday, while the dollar languished near five-month lows amid persistent bets that the Federal Reserve will begin cutting interest rates early in 2024. 

ammonia gas leak incident shook Ennore, Tamil Nadu on December 26 night when residents felt a strong smell from a rupture in a sub-sea pipe of Coromandel International Limited. Five people reported feeling uneasy, and were admitted in a health facility. The rupture reportedly occurred during the pre-cooling operation of the pipeline. The leak was later plugged. The Tamil Nadu Environment and Forest Department subsequently issued a statement: «Ammonia gas leak detected in a sub-sea pipe in Ennore.