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By Stella Qiu

By Rae Wee

The S&P 500 (SPX) recorded its fifth consecutive candle last week (+0.8%), matching the May-June streak. The index is now testing the 2023 highs around 4600. A break above this level would pave the way towards the record highs around 4800 while a failure would increase the risk of a double top pattern.

Investing.com-- Most Asian currencies weakened on Tuesday tracking a string of middling economic readings from the region, with the Australian dollar falling sharply after the Reserve Bank kept rates unchanged and offered scant cues on monetary policy. 

Also Read: Swashthik Plascon Limited share price debuts with 40% premium at ₹120.10 on BSE SME The two fundamental stock picks by HDFC Securities Retail Research are Subros and CSB Bank. Subros is a leading thermal system manufacturer with the capability to manufacture compressors, condensers, hoses and tubes. For Subros, many new arrangements, technology improvement and technology upgrades have been in the pipeline.

Bloomberg. Lawson informed that the cuts primarily affect salespeople for Twilio’s consumer data platform and contact centre software. He further added that following results of previous restructures that “underachieved" in their goal of helping these business units to achieve higher growth rate.

Facebook and Instagram parent company Meta is being sued by 83 Spanish media outlets over allegations that the social media giant breached EU data protection rules between 2018 and 2023, leading to unfair competition in the advertising market. The newspapers, led by media organisation AMI, claim that Meta's "massive" and "systematic" collection of users' personal data has given the company an 'illegitimately gained competitive advantage' in the design and delivery of personalised ads.

Gurpatwant Singh Pannun murder bid: Senior US official discusses alleged plot Recently, the National Investigation Agency (NIA) special court in Mohali ordered the confiscation of land belonging to Lakshbir Singh in Punjab’s Moga district. The court ordered the confiscation of the land under Section 33(5) of the Unlawful Activities (Prevention) Act, under which a judge can confiscate moveable and immovable property of a proclaimed offender involved in serious crimes. 3 Khalisan extremists charged over bid to kill Indian-origin NZ radio host Lakhbir Singh worked closely with Pakistan-based ISI to disrupt peace in India.

ANI. Meanwhile, Congress President Mallikarjun Kharge has reached out to his alliance partners, extending invitations for a meet. Following the Mumbai meeting, Nationalist Congress Party (Sharad Pawar faction) leader Supriya Sule hinted that the next assembly would take place in the national capital, ANI reported.

Asian stocks slipped to three-week lows on Tuesday while bonds and the dollar steadied as investors tempered expectations for cuts to U.S. interest rates and waited on U.S. jobs data. An interest rate decision is due in Australia in the meantime, with traders all but certain the central bank will keep rates steady, leaving the focus on the outlook and tone. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.9% in early trading.

Delta Corp, Indiabulls Housing Finance, The India Cements, and Zee Entertainment Enterprises (ZEEL). The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%. Traders who trade in indices do not encounter a situation of security ban. The Market Wide Position Limit (MWPL) for Delta Corp stood at 101.4% on Monday with OI reported by Trendlyne at 17.7 million.

IMD bulletin. The forecast of reduced rainfall intensity comes as a relief after Cyclone Michaung wreaked havoc across Chennai and adjoining districts, causing flooding and disrupting normal life on Monday. Residents in some parts of Chennai reported no rain since early hours on Tuesday and mentioned that power services had been restored in those areas.

dollar regained some ground on Tuesday and hovered near a one-week high against major peers, while bitcoin extended its momentum on optimism that U.S. regulators could soon approve exchange-traded spot bitcoin funds. The greenback rose marginally against the yen in early Asia trade to 147.23, helped by a slowdown in core consumer inflation in Tokyo that put downward pressure on the Japanese currency. The euro, meanwhile, languished near a three-week low hit on Monday and last traded $1.0840, while the dollar index stood near a more than one-week high and was last at 103.59. Analysts say the greenback's move higher was in part due to a reversal of its heavy selloff in recent weeks, which saw the dollar index falling some 3% in November, its steepest monthly decline in a year. «I think it's maybe just a little bit of a reassessment as to the U.S.

India Meteorological Department (IMD) anticipates the landfall of the severe cyclonic storm 'Michaung' on Tuesday. On Monday, numerous districts in Tamil Nadu and Andhra Pradesh will experience substantial rainfall.

How INDIA bloc's power dynamics is likely to shift after Congress's loss The Congress has convened a meeting of all 230 candidates on Tuesday to discuss the defeat in the Madhya Pradesh assembly elections and the reasons behind the poor performance. Nath is scheduled to address the meeting.

How well an average person does in life is determined largely by an accident of birth. A child born in rural Tamil Nadu is better nourished and educated, on average, than one born in rural Chhattisgarh. There are stark differences in economic outcomes even within states.

inflation pressures in the United States decreased in October compared to the preceding month. The Multivariate Core Trend (MCT) inflation gauge, disclosed by the bank, revealed a reading of 2.6 percent for October, down from September's 2.88 percent. The bank attributed the higher MCT level, compared to its pre-pandemic average, to specific trends in housing and non-housing services.

Parliament has witnessed significant discussions and decisions, touching upon various crucial aspects of the nation's governance and public policy. On December 4, Baishya, an Asom Gana Parishad leader, raised a question regarding the increase in crude oil royalty to the Assam government in line with international prices. In response, Petroleum and Natural Gas Minister Hardeep Singh Puri assured that Assam's earnings from the energy sector would increase with expanded capacity and production.

Indian equities, followed by Taiwanese and South Korean stocks. “Ultimately, India stands out as its own story, as it offers more attractive scale and demographic dividends than most emerging markets, and does so under a democracy," said Malcolm Dorson, the head of emerging-market strategy at Global X Management Co.

₹368.7-384.1 per share, a discount of up to 4% on the prevailing market price.Oil steadied after a three-day loss as Saudi Arabia said recent cuts by Opec would be honored in full and could be extended, pushing back against persistent skepticism over the curbs’ effectiveness.Global benchmark Brent held above $78 a barrel after dropping by more than 6% in the preceding three sessions, while West Texas Intermediate was over $73. Saudi Energy Minister Prince Abdulaziz bin Salman told Bloomberg News the recently decided cuts would “overcome" an expected inventory build in the first quarter, and could be continued further into 2024 if needed.HCL Tech, Honasa Consumer, SpiceJet, Brigade Enterprises, are among the stocks, that could be in focus in trade Tuesday.Indiabulls Housing Finance, India Cements, Zee Entertainment Enterprises, and Delta Corp are in the F&O ban list for 5 December.GIFT Nifty futures on the NSE IX fell 43.5 points to 20,817 in early deals on Tuesday, indicating a negative start for Indian indices.India's benchmark indexes ended at fresh all-time highs on Monday, aided by strong domestic macroeconomic data and elevated bets of a US rate cut in March, while analysts saw momentum picking up in the ongoing rally after the ruling Bharatiya Janata Party's victory in key state elections.The Nifty closed at 20,686.80, up 419 points, while the Sensex added 1,384 points to end at 68,865.12.Asian markets fell across the board as investors assessed a slew of economic data from across the region.

Sensex surged 1,383.93 points, or 2.05%, to end at 68,865.12, while the Nifty closed 418.90 points, or 2.07%, higher at 20,686.80. “We expect market sentiment to strengthen further as the ongoing pre-election rally is quite strong now. Given the government’s focus approach towards long-term capex across key areas, we expect BFSI, Industrials, Real Estate, Auto and Consumer Discretionary to do well going forward," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.