Gap Financial News

Catch Live Market Updates here The domestic equity market ended higher on Friday, with the benchmark Nifty 50 hitting its fresh record high in the intraday session after upbeat Q2 GDP numbers. The Sensex ended 492.75 points higher at 67,481.19, while the Nifty 50 rose 134.75 points, or 0.67%, to settle at 20,267.90, on December 1. Nifty 50 formed a reasonable positive candle on the daily chart with a gap up opening.

Day trading guide for today: On account of of strong GDP data, Indian stock market ended higher for fourth straight session on Friday. Nifty 50 index touched new life-time high of 20,291 and finished 134 points higher at 20,267 levels.

Today, markets will react to the results of four state assembly elections, where BJP has won three states. «With the results of state elections giving a big victory to BJP in three states, we expect markets to open with a gap up of at least 200-250 points on Monday. Further, the gains may be cemented and we won't be surprised to see Nifty closer to the 22,000 levels before the general elections in 2024,» said Manish Chowdhury, Head of Research, StoxBox. Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a positive start GIFT Nifty on the NSE IX traded higher by 144.5 points, or 0.71 per cent, at 20,638, signaling that Dalal Street was headed for positive start on Monday.

Gati Shakti initiative for logistics efficiency reckons it can save up to ₹15 crore per km for projects run by the National Highway Authority of India (NHAI). The estimated savings are due to a reduction in the length of roads by integrating various expressway corridors after modifications of alignment for NHAI projects, said Sumita Dawra, who is leading the NPG as special secretary, department for promotion of industry and internal trade.

₹233 a share, with 50 shares making one contract. This baked in volatility of 2.3% on the up and downside from 20,300, with the Nifty likely to trade between 20,067 and 20,533 on Monday. Derivatives heads of research at top broking firms expect that a gap-up opening would be aided by short-covering of futures contracts by FPIs and call sellers who have net sold calls at 20,200 and 20,300 levels, and possibly at the 20,500 level.

Motilal Oswal Financial Services. “While markets could see fresh institutional and retail buying of CPSEs (central public sector enterprises), the rally to new highs of 20,500 and 20,750 will be aided by short-covering by FPIs and call-options sellers." NSE data show that retail and HNI clients as well as proprietary traders were cumulatively net short index options, while FPIs were net long both on calls and puts. While some of these positions are hedges, others were initiated just ahead of the election outcome.

BJP as the party looks set to clinch the semifinals to the Lok Sabha elections 2024 with victories in the Hindi heartland states of Madhya Pradesh, Rajasthan and Chhattisgarh. For Congress, it was a bittersweet (more bitter, less sweet) day as the grand old party recorded a spirited victory in Telangana but lost power in both Rajasthan and Chhattisgarh. In MP, it failed to even pose a challenge to the BJP. The regional parties, including the outgoing BRS in Telangana, failed to impress in the final assembly elections of 2023.

Candy Crush or Ludo King on our phones. In doing so, we helped the gaming industry go from something nifty to kill time with to a $3-billion omnipresent behemoth. In fact, it’s pegged to reach $7.5 billion worldwide in the next five years. In India, the sector has strengthened its roots with 568 million gamers, many of whom also participated in the 2022 Asian Games, where esports made its official debut.

urban livelihoods mission, which will provide skill development and credit facilities to urban poor, said officials. The revamped Deendayal Antyodaya Yojana-National Urban Livelihoods Mission (DAY-NULM) has already secured the nod of the Expenditure Finance Commission, they said, adding that it will take the learnings of the earlier version forward. «Learnings from the first version have been fed into the successor scheme, especially regarding differences between rural and urban areas,» said one of the officials, who did not wish to be identified. Under the scheme, the revolving fund for self-help groups (SHGs) could be doubled to Rs 20,000 along the lines of revolving community funds that exist for SHGs in rural areas, the official said. The DAY-NULM 1.0, which had an allocation of Rs 6,404.90 crore from 2018-19 to 2023-24, will complete its term in March 2024. Its key focus areas include social mobilisation and institution development, employment through skills training and placement, and self-employment programmes. Under the self-employment component, the scheme offers loans for setting up individual and group micro-enterprises.

Netflix drama, "May December," Academy Award-winning actress Julianne Moore takes on the challenging role of Gracie Atherton-Yoo, a woman entangled in a controversial love affair that echoes the infamous Mary Kay Letourneau scandal of the late 1990s. The film revolves around the life of Gracie, portrayed by Moore, who at 36 faced public scrutiny when news broke of her relationship with Joe, a 13-year-old co-worker. Despite the controversial beginning, Gracie and Joe, played by Charles Melton, built a life together, navigating parenthood and suburban existence. The tranquility of their life is disrupted when renowned actress Elizabeth Berry, portrayed by Natalie Portman, arrives to study Gracie for an upcoming film.

climate finance they need, especially in low-income countries, according to a study published on Saturday on the sidelines of the COP28 climate talks. The Cities Climate Finance Leadership Alliance (CCFLA) said cities are on the front line of climate hazards and responsible for three quarters of global emissions, but multilateral development banks (MDB) needed to adopt new strategies to address a gaping financing gap. Cities were receiving only 1% of the climate finance they required, which is estimated to be as high as $5.4 trillion per year up to 2030, according to the study, the first ever review of urban finance from major multilateral development banks. The proportion of MDB financing dedicated to urban-related climate projects stood at $62 billion from 2015 to 2022, or 21% of the total, despite rapid rates of urbanisation across the globe, the study said after analysing data from 815 urban climate-related projects financed by MDBs over the period. Though they are among the most climate-vulnerable, cities in sub-Saharan Africa, the Middle East and North Africa received an especially low share of urban climate finance, with the study citing issues like creditworthiness and restricted access to capital markets. It called on development banks to make more concessional funding available in order to de-risk investments.

The trust in savings accounts remains unwavering among Indians. Offering liquidity, ease of access, and nominal risk, savings accounts serve as a secure repository for funds, meeting short-term financial needs while providing a nominal interest rate. This preference for liquidity and safety reflects the practical approach many adopt in India.

Employers and employees don’t always necessarily agree, and that’s certainly the case when it comes to retirement readiness, according to a survey released this week by Voya Investment Management.

Hybrid cars are rapidly gaining popularity in India overtaking battery electric vehicle sales for three straight months this financial year. New car buyers are taking a penchant for the handful of hybrid vehicles currently on sale in the Indian market such as Maruti Suzuki Grand Vitara, Toyota Urban Cruiser Hyryder, Honda City and Toyota Innova Hycross. The increasing demand for fuel-efficient hybrid cars underscores customers’ growing environmental awareness and concern over the limited range and charging infrastructure challenges posed by fully electric cars.

Honda Motorcycle & Scooter India (HMSI) on Friday said it is recalling a certain number of H'ness CB350 and CB350RS units to inspect and replace faulty parts. It has been identified that due to an improper process being followed to manufacture the rubber parts of rear stop light switch there are chances of crack development on the rubber, the two-wheeler maker said in a statement.

Sheikh Mohammed Bin Zayed announced on Friday the establishment of a $30 billion climate fund for global climate solutions that it hopes will lead to $250 billion of investment by the end of the decade. Dubbed ALTERRA, the fund will allocate $25 billion towards climate strategies and $5 billion specifically to incentivise investment flows into the Global South, according to a statement by the COP28 Presidency. In collaboration with global asset managers BlackRock, Brookfield and TPG, ALTERRA has committed $6.5 billion to climate-dedicated funds for global investments, including the Global South, the statement said. ALTERRA was established by Abu Dhabi-based alternate investment manager Lunate, and COP28 Director-General Majid Al Suwaidi will serve as ALTERRA's chief executive officer.

Info Edge (India) Ltd. traded at Rs 4580.0 on BSE at 02:02PM (IST) on Friday, down 0.71 per cent from previous close. The scrip quoted a 52-week low price of Rs 3310.0 and a high of Rs 4984.1.

Max Healthcare Institute Ltd. traded at Rs 642.5 on BSE at 02:08PM (IST) on Friday, down 0.33 per cent. The stock quoted a 52-week low price of Rs 412.0 and a high of Rs 665.7.

BUDAPEST (Reuters) — The European Union should first sign a strategic partnership agreement with Ukraine instead of starting membership talks with the country, Hungary's Viktor Orban said on Friday, flagging a way to a possible compromise ahead of a crucial EU summit.

Tata Technologies share price: After strong debut on Dalal Street, shares of Tata Technologies Ltd witnessed some profit booking during early morning session on Friday. Tata Technologies share price today opened upside and went on to touch intraday high of ₹1,348 apiece levels on NSE, delivering to the tune of 170 per cent return to those Tata Technologies IPO allottees who remained invested with the stock after dream debut at Indian stock market.

Asit C Mehta rights issue 2023: The board of directors of Asit C Mehta Financial Services Ltd is going to consider and approve proposal for issuance of fresh shares via rights issue route. The financial has already informed Indian stock market bourses about the proposal while informing about the board meeting schedule.