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Investing.com — U.S. stock futures edged higher Friday, looking set to end a strong year on a positive note.

mutual funds in one category tend to deliver varied returns, yet some of the high-performing sectors in 2023 are undoubtedly PSU, infrastructure and manufacturing. This is quite evident with the performance shown by some of the popular sectoral or thematic funds falling in these categories. For instance, Aditya Birla Sun Life PSU Equity Fund gave a whopping 59 percent return in the past one year and Nippon India Power & Infra Fund gave a high return of 57.44 percent in one year ending Dec 27.

Russia launched 122 missiles and 36 drones against Ukrainian targets, officials said Friday, killing at least 13 civilians in what an air force official said was the biggest aerial barrage of the 22-month war. The Ukrainian air force intercepted 87 of the missiles and 27 of the Shahed-type drones overnight, Ukraine's military chief Valerii Zaluzhnyi said. Air Force commander Mykola Oleshchuk wrote on his official Telegram channel: «The most massive aerial attack» since Russia's full-scale invasion in February 2022.

Gaurav Bissa, VP, InCred Equities, says, “going forward, largecaps, especially larger banks like Kotak Bank and HDFC Bank will drive the markets going forward. So, the view remains positive. It is a buy-on-declines market. But the kind of move that we have seen from lower levels of 15,000 to higher levels of almost 22,000 that might not get repeated. But the overall sentiment will remain positive.” With 2023 coming to an end and markets gaining close to around 20% in this calendar year, what is your target for 2024 for Nifty? Gaurav Bissa: Our targets for mid-2024 were 21,000-21,500, those have been surpassed ferociously in 2023 itself. And now, I do not see we can have a similar kind of upside where in six months we can have 2,000-3,000 points coming in, even more than that. But yes, more towards 22,500 cannot be ruled out on the higher end. 20,000 is where Nifty can head towards. And largecaps will now take a front seat at least for next few months, where we have seen a very robust upside in midcaps and smallcaps.

Gifted 2023' report. With a spotlight on roses, cakes, and emerging trends, the report provides insights into the evolving landscape of gifting in the digital age.

food. The celebration will be extravagant in Jardines del Humaya (Humaya Gardens), which is the country’s most visually spectacular burial ground. It is in the north-western state of Sinaloa, a hub of Mexican drug gangs, which started off growing marijuana before turning to cocaine trafficking and, more recently, fentanyl.

Lupin Ltd. dropped 1.28 per cent to Rs 1322.15 at 01:39PM (IST) in Friday's trade. The stock has hit a high of Rs 1342.0 and low of Rs 1319.0 so far during the session.

12th Fail. Except that, this weekend offers several movies and web series on OTT platforms. Let’s have a look.

Colgate-Palmolive (India) Ltd. traded 1.27 per cent down in Friday's trade at 01:34PM (IST). Around 4,747 shares changed hands on the counter.

Benchmark Nifty 50 rallied over 8% in the December derivative series, clocking its best gains in a series since February 2021. This was also the highest series gain by the index in 2023. Further, foreign institutional investors significantly increased their net long positions, taking the long-short ratio sharply higher to 2.28 at the beginning of the January series from 0.56. Open interest in Nifty January futures at over Rs 301 billion or 13.9 million shares, is the highest seen since the April derivative series, pointed out analysts. The base with which the new year and the January series begin shows the ultra-bullish sentiment prevailing in the market. However, most analysts have sent out a word of caution and believe that a trend reversal is quite possible in the current series. “It’s quite evident that FIIs, previously leaning towards a short bias, have now pivoted strongly towards a long bias and their current index future long positions make up nearly 70% of the total open interest.

Indian Hotels Company Ltd. traded 0.74 per cent up in Friday's trade at 01:13PM (IST). Around 55,368 shares changed hands on the counter.

Pine Labs reported a total revenue of Rs 1,588 crore in the financial year ended March 31, 2023, up 56% from a year ago. Its overall losses dipped marginally to Rs 227 crore, down from Rs 259 crore in the previous financial year, data sourced from business intelligence platform Tracxn showed. Pine Labs largely deploys point of sales (PoS) terminals at retail merchant outlets. It has recently expanded into online ecommerce payments through its gateway solutions platform Plural.

FIIs in the holiday-heavy month, December has turned out to be the best month for Nifty in the last one-and-a-half years with a 7.8% rally. The headline index, which hit an all-time high of 21,801.45 on Thursday, had rallied 5.5% last November. The previous best monthly gain for the index was in the monsoon of July 2022 when Nifty surprised with an 8.7% rally. The bluechip rally on Dalal Street has left smallcaps behind as smart money found the valuations of largecaps relatively more attractive. December month F&O data shows that the rollover for Nifty futures stood at 79.54%, surpassing both the previous month's figure of 73.06% and the average rollover of the last three months, which was 78.66%. FII Long-Short ratio increased from 0.56 to 2.28.

Adani Power Ltd. traded 0.33 per cent down in Friday's trade at 12:32PM (IST). Around 32,366 shares changed hands on the counter.

MG Motor India, the SAIC-owned British brand, plans to launch seven new models in the Indian market over the next couple of years, the company told a group of dealers invited to its headquarters in Shanghai within days of stitching a joint venture with the Sajjan Jindal-owned JSW Group. A spokesperson at MG Motor India declined to comment. During their visit, the dealers were showcased a line-up of models—some of which would be launched in India over the next 24 months, said several dealers who attended the meet earlier this month. On November 30, JSW Group and SAIC Motor announced an India joint venture to expand the operations of MG Motor owned by the Chinese.

Gaza on Dec. 15 when it mistook their cries for help as a ruse by Hamas militants to draw them into an ambush, the military said on Thursday, concluding that the soldiers acted rightly to the best of their understanding. On Dec.

Cholamandalam Investment & Finance Company Ltd. traded 0.73 per cent up in Friday's trade at 10:20AM (IST). Around 4,666 shares changed hands on the counter.

Shikhar Dhawan’s emotional post on his son Zoravar’s ninth birthday left the Internet teary-eyed. In the post, the captain of the IPL franchise Punjab Kings mourned how he was not able to meet his son for over a year. Moved by the heartbreaking post, Bollywood superstar Akshay Kumar took to Instagram Stories on Thursday and penned a post to show solidarity with the cricketer. In the post, the ‘OMG 2’ star urged Dhawan to have faith as several people were praying that he be united with his son. He also admitted that as a father, he is aware of how painful and frustrating it can be for a parent to be separated from their child. “Really moved to see this post. As a father, I know that nothing is more painful than not being able to see or meet your child. Hausla rakh Shikhar (Have faith)…millions of us are praying for you to meet your son soon. God bless,” wrote Bollywood’s ‘Khiladi’.

Dunki has experienced a mix of ebb and flow in its Box Office collections. Kicking off with a robust start, Dunki raked in ₹29.2 crore on its opening day, a Thursday. Despite a dip on the following day, the film bounced back over the weekend, with collections peaking at ₹30.7 crore on Sunday.

financial literacy is apparent as an increasing number of individuals are now engaging in mutual fund investments. Mutual funds remain the preferred investment option for Indians, with fixed deposits following closely behind. Investors stuck to the trammels of convention when deciding how to invest their money for greater returns.

By Rae Wee