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Shares of Kotak Mahindra Bank Ltd.(up 0.72 per cent), Axis Bank Ltd.(up 0.35 per cent), Punjab National Bank(up 0.2 per cent) and State Bank of India(up 0.1 per cent) ended the day as top gainers in the pack.

stocks rallied as much as 15% in Mumbai trading on Friday even as equity benchmarks, BSE Sensex and NSE Nifty, traded in the green amid brisk buying in frontline bluechip counters. Stocks that surged in excess of 15% included, AVI Polymers Ltd.(20.00%), Bengal Tea & Fabrics(19.99%), KLK Electrical(19.99%), Hemo Organic(19.97%), Somi Conveyor(19.79%), Spenta Intnl(18.11%), Futuristic Sol(16.48%), Laxmi Dental(16.43%), Ashnisha Industries(15.92%) and Capital Trust(15.59%).

«Also, risks do not materialise only in weekend. It happens every day. If there is a product to attract global risks on Monday, then if there is something materialising in between, it is a meaningful gap there should be another product,» says Sundararaman Ramamurthy, MD & CEO, BSE. What are the potential risks to the market ecosystem when there is a concentration of trading activity on a single expiry day? Sundararaman Ramamurthy: The regulator gave the option for selecting one expiry day by the exchanges. The regulators absolutely, of course, would have applied their mind for giving this option. NSE opted to continue for Thursday. Based on market feedback, we shifted it to Tuesday. Market feedback had a rationale for it. When you have a common expiry, an existing mature product trades more and no other product can enter in.

Aswath Damodaran, a professor of finance at New York University. In his latest analysis of global cash return policies, Damodaran found that Indian firms distributed just 31.1% of their earnings in the form of dividends and stock buybacks—far lower than their global peers. While one can argue that this signals a strong reinvestment cycle fueling long-term expansion, it can also be seen as a symptom of weak shareholder rights and management’s reluctance to part with excess cash.

S Jaishankar during a discussion at Chatham House in London. The shift, largely driven by US President Donald Trump’s foreign policy, is helping reshape global alliances. “If I were to look at the big priorities of this president, many of them work for us,” Jaishankar stated. “He seems to be committed to keeping energy prices reasonably affordable and stable—we welcome that. He is putting a lot of emphasis on tech and on the use of tech as a game changer in global politics. That offers a lot of possibilities for us.” Jaishankar noted that the US administration under Trump is actively moving towards multipolarity, a shift that aligns with India’s vision for the future. “We see a president and an administration moving towards multipolarity, and that is something which suits India.”

«What we have seen in the past is whenever there is a tariff or anything like that, the metal prices usually go up in the near term and that is actually positive for companies like Hindalco,» says Parthiv Jhonsa, Anand Rathi Institutional Equities. I want to first really talk about what is happening in the world. We have been speaking with the managements of Hindalco, Nalco, etc. The managements firmly believe that these tariffs will not really impact them. Do you think that is the same? Parthiv Jhonsa: We need to understand that over especially last two months, the entire metal has seen a lot of to-and-fros internationally. Yes, companies like Hindalco where Novelis has a huge presence in USA, something like these tariffs would actually not make a huge difference or a huge dent to them because they have a good presence in USA.

Jammu and Kashmir Omar Abdullah on Thursday said that the BJP should take back parts of Jammu and Kashmir from Pakistan as well as China. Abdullah, while speaking in the J&K assembly said that BJP keeps criticizing Congress for losing Haji Peer to Pakistan and other things, instead BJP should tell us what they brought back in the Kargil war in 1999 when they had the opportunity and excuse that Pakistan had attacked first. “One part of Kashmir is with Pakistan. Today Foreign Minister has said that they will take that back. Who has stopped you? We never said don't take back that part of Kashmir back. We are saying, why are you silent on the part that is with China?” Abdullah asked.

An equal-weighted basket of China’s seven tech heavyweights including Alibaba Group Holding Ltd. and Tencent Holdings Ltd. — dubbed the “7 titans” by Societe Generale SA — has gained more than 40% this year. That compares with an about 10% drop in an index of the Magnificent Seven stocks, whose slump has also pushed the Nasdaq 100 Index to the brink of a correction.

Lori Chavez-DeRemer is poised to become the U.S. Secretary of Labor under President Donald Trump, having cleared a key Senate procedural vote. A former congresswoman and Oregon mayor, she has a complex political history, once backing pro-labour policies but later aligning with Republican priorities. Her confirmation could shape labour laws, union rights, and workplace regulations in Trump's second term. With support from labour unions and some Democratic senators, her nomination signals both continuity and change for the Labour Department.

The Nifty futures closed positively with gains of 0.80%, at 22,620 levels on Thursday.

At the interbank foreign exchange, the rupee opened at 87.13 and lost further to trade at 87.18 against the greenback in early deals, registering a depreciation of 6 paise from its previous closing level.

Sandip Sabharwal, asksandipsabharwal.com, says on a pure valuation basis, although many mid and smallcaps are looking very attractive right now, the initial up move as foreign funds come back, will be on the largecap side. The largecaps would move up first and then, small and midcaps could catch up. NBFCs, banks, the larger banks and the corporate-focused NBFCs, should be a decent part of the portfolio along with infrastructure-oriented companies. Auto should do well next year. What is it looking like in terms of macros with the RBI injecting further liquidity and crude significantly cooling off, while the tariff flip-flop continues. Does it seem like we could be close to bottoming out at an index level at least? Sandip Sabharwal: I mentioned on Monday that we are fully deployed because in our view risk-reward is extremely favourable in India. Given that the macros will be much better next year as liquidity improves, interest rates come down, government spending improves, and a lot of disruptions which were there last year are no longer there.

Oil prices were little changed on Friday but were set for their biggest weekly decline since October as the uncertainty around U.S. tariff policy is creating concerns about demand growth at the same time major producers are set to increase output. Brent futures rose 13 cents, or 0.19%, to $69.59 a barrel by 0217 GMT. U.S. West Texas Intermediate crude futures rose 8 cents, or 0.08%, to $66.44 a barrel.

Gold prices inched lower on Friday but were on track for a weekly rise as uncertainty around U.S. President Donald Trump's tariff plans firmed demand for bullion, while investors awaited for U.S. non-farm payrolls data later in the day.

Federal Reserve Governor Christopher Waller said on Thursday he leans strongly against a rate cut at the Fed's upcoming policy meeting this month, although he reckons cuts later in the year remain on track if inflation pressures continue to abate. In discounting an easing at March 18-19 Federal Open Market Committee, Waller indicated he simply will not have the inflation data in hand to know whether cutting what's now a 4.25% to 4.5% federal funds rate range is justified, especially amid the heavy uncertainty created by President Donald Trump's trade agenda.

Subscribe to enjoy similar stories. New Delhi: A group of trade experts advising the government on its trade negotiations with the Donald Trump administration has recommended that India prepare to levy tit-for-tat tariffs on American goods that enjoy significant market access in India and that contribute to a sizeable US trade surplus in these product categories.

Governor Gavin Newsom, suggested that Democrats made a mistake by permitting transgender athletes to take part in female college and youth sports. Newsom stated that he believes the involvement of transgender athletes in women’s sports is «deeply unfair.» Newsom’s comments on the issue roiled political debates nationwide.

Combination of trade and strategic dominance makes China an unlikely counterweight to a protectionist US. Trade and geopolitical risks have escalated since Trump assumed office, and the second-order outcome of reciprocal US tariffs is Chinese overproduction. US tariffs on Chinese goods will rise further and China's exports will be diverted to Europe and Asia.

The bench was considering a legal question on Section 319 of the Code of Criminal Procedure (CrPC). Section 319 of the CrPC empowers the court to proceed against other persons appearing to be guilty of offence if it comes to light during the inquiry or trial that the person, who is not named as an accused, has committed the offence.

Indian rupee weakened on Thursday, pressured by dollar demand by importers, even as the greenback lingered near a four-month low against its major peers amid concerns about a slowdown in the U.S. economy. The rupee closed at 87.1150 against the U.S. dollar, down about 0.2% on the day.

Goldman Sachs (GS) has issued a neutral call on BSE Ltd., revising its target price downward to Rs 4,230 per share, citing potential headwinds from the recent changes in the options market expiry schedule by the NSE. The key concern highlighted by the brokerage is the impact of NSE’s shift in weekly option contract expiry days. Effective January 1, 2025, NSE will move its expiry day to Monday, while BSE’s will be Tuesday, creating an asymmetry in the options market.