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The fall was sharper in the Nifty Midcap and Nifty Smallcap indices — each of them tumbled around 2%. FMCG was the only sectoral index trading in the green, while banks and IT indices were trading around 0.5% lower. The fall was sharper in auto, media, metal, PSU banks, and realty stocks. In percentage terms, today's decline in Nifty was the biggest single-day loss since October 26.

European shares gained on Wednesday on rising bets of interest rate cuts following softer inflation data from the UK and Germany, while a rise in commodity prices lifted resource stocks. The pan-European STOXX 600 was up 0.3% by 0818 GMT, with energy and telecom sectors leading gains. Data showed German producer prices fell more than expected in November, while British inflation dropped way more than expected last month, with the headline rate falling to its September 2021 lows, strengthening the case for rate cuts. The German DAX was up 0.2%, while the UK's FTSE 100 jumped 1.3%. Energy shares rose 1.1%, while basic resources stocks gained 0.4% on higher prices of most commodities. Telefonica jumped 6.3% as the Spanish government is set to acquire around 10% stake in the telecoms giant. The broader sector was up 1%. Deutsche Post lost 1.3% after U.S.

Google will pay a penalty of $700 million and rework its Android Play Store policy to settle an antitrust lawsuit in the United States. While the deal was finalised in September, the final terms of the settlement were revealed on December 19, when documents were filed in San Francisco federal court.

Euler Motors, which manufactures and sells electric three-wheeler commercial vehicles, saw its net loss widen almost five-fold in FY23 to Rs 175.44 crore, from Rs 36.33 crore in FY22. During the year, the company spent nearly Rs 4 to earn a rupee in operating revenue. The Delhi-based company reported a 250% on-year jump in revenue from operations to Rs 61.53 crore, according to its financial statements filed with the Registrar of Companies.

hijacked in the Middle Eastern sea with 25 people on board by Houthi rebels. This disruption is significant as approximately 12 percent of global shipping traffic navigates through the Red Sea and the Suez Canal.

Mercer Marsh Health Trends Report 2024. As per the report, several insurers are recogninsing the need for wider cancer support to reduce claim costs. 43% of insurance firms make cancer rehabilitation and return-to-work support globally.

₹52,000 crore (more than $6 billion) in 2023 from global strategic investors, retirement, and insurance funds. This is nearly one-third of net foreign portfolio inflows (FPIs) into Indian equities this calendar year so far, reported Business Line. Investors acquired stakes in group firms for an amount of ₹52,570 crore during the period March to October, reveals the data sourced from Prime Database.

Also Read: Outlook 2024: How equities, gold and crude oil will perform next year “Indian economic growth will continue to be led by investments rather than consumption in 2024 indicating growth in industrial, manufacturing, real estate and allied segments. Projected earnings growth for HSIE coverage universe (~215 stocks): 29% and 8% for FY24 & FY25 respectively (Ex-energy 19% and 15% for FY24 & FY25, respectively, as FY23 was an exceptional low base year for energy)," the brokerage firm said in a report.

In a market where change is the only constant, Bitcoin (BTC) has witnessed a notable dip, currently trading at $42,471, down by nearly 1.50% on Wednesday.

JN.1 COVID strain: Kerala sees spike in cases, WHO reassures efficacy of current vaccines. 10 things to know As of 8 am on Wednesday, the total nationwide Covid cases reached 341, with Kerala contributing 292 cases. Delhi and Gujarat reported 3 cases each, Karnataka recorded 9 cases, Telangana and Puducherry reported 4 cases each, and Tamil Nadu documented 13 cases.

A volcano has erupted in southwestern Iceland with a flash of light into the evening sky in the land known for fire and ice

Britain and France are reiterating their determination that Russia’s invasion of Ukraine must end in failure

The White House is lending its support to an auto industry effort to standardize Tesla’s electric vehicle charging plugs for all EVs in the United States, part of a broad effort to stimulate their sales to help combat climate change

New York state will create a commission tasked with considering reparations to address the persistent, harmful effects of slavery in the state under a bill signed into law by Gov. Kathy Hochul on Tuesday

In an unusual series of legal actions, Brazilian prosecutors have sued multinational meatpacker JBS and three smaller slaughterhouses for allegedly buying cattle directly from illegal ranches in a protected area

It’s been a tough few weeks for Starbucks

Authorities in a western Brazil state are taking aim at deforestation of the Amazon with a slew of lawsuits against slaughterhouses and farmers accused of illegally raising cattle in a protected area

Stocks in the U.S., Japan and Germany have risen 20% or more

The IRS says it's going to waive penalty fees for people who failed to pay back taxes that total less than $100,000 a year for tax years 2020 or 2021

Tesla’s recall of more than 2 million of its electric vehicles — an effort to have drivers who use its Autopilot system pay closer attention to the road — relies on technology that research shows may not work as intended

The tide turned against inflation