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A look at the day ahead in European and global markets from Kevin Buckland

Bharatiya Janata Party (BJP) reclaimed power in Rajasthan on Sunday, clinching victory in 115 out of the 199 Assembly constituencies in the recent elections, while the Congress managed to secure 68 seats. Having secured their electoral mandate, the spotlight now shifts to the BJP as the pivotal question emerges: who will be the chosen leader to assume the mantle of Chief Minister? Notably, the party has maintained a strategic silence, refraining from publicly endorsing any specific candidate for the prestigious position in the aftermath of this year's assembly polls. This intriguing decision adds an extra layer of suspense to the political landscape, leaving both supporters and political observers on the edge of anticipation, awaiting the unveiling of the BJP's chosen leader for Rajasthan. Here are BJP’s potential Chief Minister candidates in Rajasthan:

Alkem Laboratories Ltd.(up 2.53 per cent), Zydus Lifesciences Ltd.(up 1.49 per cent), Glenmark Pharmaceuticals Ltd.(up 1.21 per cent), Sun Pharmaceutical Industries Ltd.(up 0.94 per cent) and Granules India Ltd.(up 0.86 per cent) were among the top gainers. Gland Pharma Ltd.(down 0.7 per cent), Pfizer Ltd.(down 0.63 per cent), Biocon Ltd.(down 0.59 per cent), GlaxoSmithKline Pharmaceuticals Ltd.(down 0.27 per cent) and Cipla Ltd.(down 0.19 per cent) were the top losers on the index.

Adani Group stocks extended to the fourth day as nine out of 10 stocks traded in the green with Adani Green Energy and Adani Total Gas rising by 16%. Nifty constituents Adani Enterprises and Adani Ports and Special Economic Zone were the top index gainers in the early trade as they rose 6% and 7%, respectively. On Wednesday, the combined market cap of all Adani Group companies stood at Rs 14.65 lakh crore. Meanwhile, Adani Energy Solutions, Adani Power, NDTV, Adani Wilmar and Ambuja Cements gained between 13% and 1.2% around 9:35 am.

The stock opened at Rs 717.05 and touched an intraday high and low of Rs 731.45 and Rs 717.05, respectively, in the session so far. The stock of Indian Railway Catering & Tourism Corporation Ltd. quoted a 52-week high of Rs 758.1 and a 52-week low of Rs 557.15.

Samvardhana Motherson International Ltd.(up 0.8 per cent), Mahindra & Mahindra Ltd.(up 0.63 per cent), Tata Motors Ltd.(up 0.56 per cent), Bosch Ltd.(up 0.4 per cent) and Balkrishna Industries Ltd.(up 0.38 per cent) were among the top gainers. Bajaj Auto Ltd.(down 1.43 per cent), Eicher Motors Ltd.(down 1.15 per cent), TVS Motor Company Ltd.(down 0.74 per cent), Hero MotoCorp Ltd.(down 0.57 per cent) and Tube Investments of India Ltd.(down 0.51 per cent) were the top losers on the index.

Page Industries Ltd. rose 1.24 per cent to Rs 37266.3 in Wednesday's trade as of 10:20AM (IST) even as the benchmark Nifty ruled at 20912.15, up 57.05 points. The scrip had closed at Rs 36807.75 in the previous session.

Marico Ltd. rose 1.5 per cent to Rs 544.5 in Wednesday's trade as of 10:25AM (IST) even as the benchmark Nifty ruled at 20898.95, up 43.85 points. The scrip had closed at Rs 536.45 in the previous session.

Day trading guide for today: Following buying in frontline stocks on end of rate hike cycle buzz, Indian stock market ended higher for sixth straight session on Tuesday. Participatory rally extended for yet another session on Tuesday, which helped key benchmark indices and broad market indices to hit new life-time high on the previous session. Nifty 50 index climbed to a new peak of 20,864 levels, BSE Sensex touched new life-time high of 69,381 whereas Bank Nifty index hit a new high of 47,230.

Adani Group stocks have been on a roll lately. They leapt after 24 November, when the Supreme Court reserved its judgement on petitions asking for an inquiry of January’s crash triggered by a Hindenburg Research report charging the group with stock manipulation, accounting fraud and much else, all flatly denied by the group.

Michaung' has weakened into a 'deep depression' over central coastal Andhra Pradesh, as per the India Meteorological Department (IMD). Positioned about 100 km north-northwest of Bapatla and 50 km southeast of Khammam, the cyclone is expected to lose further intensity. The Met department forecasts its transformation into a 'depression' within the next six hours, eventually downgrading into a well-marked low-pressure system within the subsequent six hours.

Elon Musk-led artificial intelligence startup xAI is looking to raise $1 billion in funding from equity investors, according to a document filed by the company with the US Securities and Exchange Commission. The document also noted that xAI has already raised about $135, without disclosing the names of those investors.

North Korea's Kim Jong Un's satellite snaps White House, Pentagon As per United Nations data, the average number of children being born in North Korea by a mother stood at 1.8 as of 2023 amid an extended fall in birth in recent decades. The figure remains higher than North Korea's neighbours which are also witnessing a downward trend.

A new study in the US suggests some market players placed bets in anticipation of Hamas’s 7 October attack on Israeli targets in which more than 1,200 people were killed. While it’s unsettling to contemplate profits made off terror, could trading patterns serve as intelligence inputs for agencies tasked with thwarting such attacks? If market participants have information about what’s going to happen, no matter how few they are, it might be useful to watch out for suspicious activity. But linking any market trades to foreknowledge of violence is easier said than done.

Investing.com — US stock futures were trading mostly flat on Tuesday evening, marking a second consecutive day of decline for the S&P 500 and the Dow Jones Industrial Average.

SHANGHAI (Reuters) -China's blue-chip stocks slumped to an almost five-year trough on Wednesday while the Chinese yuan extended losses, with market sentiment fragile after ratings agency Moody's (NYSE:MCO) cut China's credit outlook.

SHANGHAI (Reuters) -China's major state-owned banks were selling U.S. dollars in the onshore spot foreign exchange market for a second day on Wednesday to support the yuan currency, three sources with knowledge of the matter said.

Wall Street's most valuable companies rose as Treasury yields dipped to multi-month lows. Nvidia and Apple rose more than 2%, while Amazon.com and Tesla gained more than 1%. Most S&P 500 sector indexes ended down after data showed U.S.

An international team of more than 200 researchers identified 26 natural processes or features at risk of being suddenly and irreversibly disrupted by climate change, including ice sheets, tropical rainforests, mountain glaciers, ocean currents and coral reefs. They found that the mass death of warm-water coral reefs is likely at current levels of warming (1.2C), while four other processes — the collapse of Greenland and West Antarctic ice sheets, disruption of the North Atlantic subpolar gyre circulation and abrupt thawing of permafrost regions — are considered possible. The researchers also identified positive tipping points, including rapid improvement in battery technologies as electric cars become more popular — a development that could in turn could make the widespread use of renewable energy easier. The report is a “tale of two future paths for humanity,” lead author Tim Lenton, a professor of climate change and earth system science at Exeter’s Global Systems Institute, said in a press briefing.

SINGAPORE (Reuters) — Nvidia (NASDAQ:NVDA) will continue to develop a new set of products that comply with U.S. government regulations involving exports of high-end chips to China, CEO Jensen Huang said on Wednesday.

bond yields continued to decline. Japanese government bond yields dipped to the lowest since mid-August as U.S. Treasury yields hovered close to a three-month trough. Meanwhile, crude oil sank to a nearly five-month low, while bullion held steady after dropping back from an all-time high.