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PI Industries Ltd. 0.71 per cent to Rs 3859.05 in Thursday's trade as of 12:07PM (IST). The stock hit a high price of Rs 3873.10 and low of Rs 3825.00 during the session.

Nomura India Investment Fund Mother Fund has picked up a stake in the recently listed Vishal Mega Mart through a bulk deal on Wednesday, buying a stake worth Rs 324.96 crore. Nomura purchased 3 crore shares of the company on the NSE at a price of Rs 108.32 apiece, according to data available on the exchange website.

MacKenzie Scott continues to make medical debt relief a priority in her mysterious giving

One MobiKwik Systems skyrocketed 14% in early trading today to a high of Rs 605 on the BSE, having surged 37% in two days after posting strong listing gains on Wednesday. Meanwhile, from its upper price band of Rs 279, the stock has already posted returns of 117%. The shares of MobiKwik debuted on the exchanges with a premium of 58.5% on Wednesday.

Donald Trump abruptly rejected a bipartisan plan Wednesday to prevent a Christmastime government shutdown, instead telling House Speaker Mike Johnson and Republicans to essentially renegotiate — days before a deadline when federal funding runs out.Trump’s sudden entrance into the debate and new demands sent Congress spiraling as lawmakers are trying to wrap up work and head home for the holidays. It leaves Johnson scrambling to engineer a new plan before Friday’s deadline to keep government open.“Republicans must GET SMART and TOUGH,” Trump and Vice President-elect JD Vance said in a statement.The president-elect made an almost unrealistic proposal that combined the same continuation of government funds along with a much more controversial provision to raise the nation’s debt limit — something his own party routinely rejects.

Bank of Baroda (BoB) shares will remain in focus on Thursday after the lender’s board approved raising Rs 10,000 crore through long-term bonds to finance infrastructure and affordable housing projects. «Board of directors of Bank of Baroda at its meeting held today i.e 18.12.2024 interalia considered & approved raising of long-term bonds for the financing of infrastructure and affordable housing aggregating to total size up to Rs 10,000 crore in single or multiple tranches during FY 2024-25 and beyond if found feasible,» Bank of Baroda said in an exchange filing.

“GIFT City AIF is an efficient way for international investors to access the Indian markets. It takes away the need to open an account in India as investors can invest directly in US dollars in a GIFT fund, that in turn invests into the Indian markets,” says Rajesh Cheruvu – MD and CIO, LGT Wealth India. In an interview with ETMarkets, Cheruvu said: “NRIs could look at rental yield and Infra yield funds offered by various AIFs in India, these funds offer steady cash flows on maturity these funds tend to sell assets into InvIT or ReITs,” Edited excerpts:

Va Tech Wabag tumbled more than 11% on Wednesday after the company announced the cancellation of a ₹2,700 crore order for a 300 MLD mega seawater desalination plant from the Saudi Water Authority (SWA). The stock, which fell as much as 20% intraday, closed at ₹1,672.95 apiece on the BSE. Despite the setback, analysts view the correction as a buying opportunity, citing the company's strong order book of ₹11,900 crore and robust long-term growth prospects.

One MobiKwik Systems, Vishal Mega Mart and Sai Life Sciences made strong stock market debuts on Wednesday, even as the secondary market remained weaker during the day. All three companies listed at premiums of 18-58% and ended higher on Wednesday. The Sensex and Nifty fell nearly 0.6% each on Wednesday after sinking almost 1.3% the previous day. Digital banking platform One MobiKwik Systems listed at Rs 440, about a 57.7% premium to its IPO (initial public offering) price of Rs 279 per share. The stock advanced 20% further to close at the day's highest tradable limit of Rs 528.

The result was an impressive job offer of Rs 55 lakh per annum. The author of the post emphasised that the «IIT tag» plays a significant role in their career success, stating, «A degree from an old IIT isn’t just a degree, it’s a signal.» According to the author, the brand value and established ecosystem of older IITs offer more career opportunities than the specific branch of study. «You don’t need a CS degree to be a great developer. What you do need is access to the right ecosystem, and Old IITs provide exactly that.»

Nifty index formed a red candle on the daily chart on Wednesday and has remained below the 100-day exponential moving average (100-DEMA), indicating weakness. However, currently, the index is placed near the lower end of a consolidation zone. If the index manages to hold Wednesday's low of 24,150, a pullback to 24,350 is feasible; however, for a substantial up move, the index must sustain above the 100-DEMA, which is placed near 24,360. As long as the index is below 24,360, traders should adopt a cautious approach, said Hrishikesh Yedve of Asit C. Mehta Investment Interrmediates.

Subscribe to enjoy similar stories. U.S. authorities are investigating whether a Chinese company whose popular home-internet routers have been linked to cyberattacks poses a national-security risk and are considering banning the devices.

Pokarna Ltd.(up 3.76%), Lexus Granito(India)Ltd.(up 3.63%) and Madhav Marbles & Granites Ltd.(up 1.78%) stood among the top gainers.

G20 Talent Visa. Targeted at scholars, researchers, and professionals from G20 nations, this initiative aims to bolster India's scientific and educational ecosystem. The announcement aligns with Prime Minister Narendra Modi’s proposal at the G20 Summit in September, where he emphasized the need to create opportunities for top talent in science and technology. Speaking at the summit, the Prime Minister Modi said, “Similar to how all countries issue different categories of visas, we can establish a ‘G20 Talent Visa’ as a special category. This type of visa could be highly beneficial for our top science and technology talent to explore global opportunities. Their talent and efforts can contribute significantly to our economies.”

IPO is likely to be finalised later on Wednesday or Thursday morning. Investors will get shares on a lottery basis and the whole process will be supervised by the registrar. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made. They can check the allotment status through the BSE or by visiting the registrar's website. Here's how you can check the status on BSE or even on the registrar's website.

Bharti Airtel’s Africa unit is seeing strong business resurgence and is set to pull ahead of rival telcos operating in the African continent, including MTN, Vodacom and Orange by recording the highest revenue growth in Year 2025, analysts and industry experts said. London-based NewStreet Research estimates that Airtel Africa Plc will deliver 20.6% on-year revenue growth in Year 2025 vs 17.2% (MTN), 9% (Orange) and 6.8% (Vodacom). In Year 2024, Airtel Africa is estimated to have drawn level with MTN, with both telcos slated to report over 21% on-year revenue growth — significantly higher than Orange and Vodacom’s 9.4% and 6.4% estimated growth levels respectively, the UK brokerage added.

Nifty closed 137 points lower on Wednesday ahead of its Thursday weekly expiry and as caution prevailed ahead of the U.S. Federal Reserve interest rate decision due at midnight. Selling in heavyweight lenders HDFC Bank and ICICI Bank weighed on the benchmarks. The benchmark BSE Sensex lost 502.25 points or 0.62% to settle at 80,182.20, while the broader Nifty 50 index closed at 24,198.85, lower by 137.15 points or 0.56%.

It formed a bearish candle on the daily frame and has been making lower lows from the last two sessions.

Considering the upper price band of Rs 279, the stock is expected to see a premium of just over 57% on listing.

shares of Purple United Sales will debut on the NSE SME platform on Wednesday. Ahead of the listing, the company's shares were trading with a GMP of Rs 80 in the unlisted market. Considering the upper price band of Rs 126, the stock is expected to see a premium of just over 63% on listing.

shares of Supreme Facility Management will debut on the NSE SME platform on Wednesday. Ahead of the listing, the company's shares were trading with a GMP of Rs 24 in the unlisted market. Considering the upper price band of Rs 76, the stock is expected to see a premium of just over 31% on listing.