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inflation report later in the day that will set the tone for the week filled with central bank meetings. The U.S. Federal Reserve is widely expected to hold rates on Wednesday, with the spotlight squarely on comments from Chair Jerome Powell during his press conference as well as the central bank's dot plot and summary economic projections.

Federal Reserve's policy announcement, which will strongly influence investor expectations on the path of interest rates. Market watchers increasingly believe the central bank is done with its interest rate hike cycle and could potentially cut rates in the first half of next year. These expectations have helped fuel a rally in equities in recent weeks that sent each of the three major indexes to their highest closing levels of the year. While markets had been pricing in a better than 50 percent chance of a rate cut in March by the Fed last week, data on Friday showed job growth accelerated and the unemployment rate dipped, while a separate report showed consumer inflation expectations had dropped.

Sensex breached a new milestone of 70,000 points before closing 102 points higher, while Nifty settled just shy of the 21,000 mark on Monday. Stocks that were in focus included names like Dr Reddy's, which fell (5%), Praj Industries, which rose 7.2%, and IRFC, whose shares increased 7.64% on Monday. Here's what Avdhut Bagkar, Derivatives & Technical Analyst at StoxBox, recommends investors should do with these stocks when the market resumes trading today. Dr Reddy's Laboratories Shares of Dr Reddy's Laboratories have broken the 50-simple moving average (SMA) and 100-SMA, with volumes staying high on the selling side. The stock may lose shine if it fails to show strong recovery in the next two to three sessions. The next support exists at 5148, its 200-SMA. To recoup the losing bias, the stock now needs to surpass 5600 with uncompromising volumes. Dixon Technologies Following an accumulation around 6000 level, the price action has broken out on the upside steering fresh rallies for the coming sessions.

Rajasthan are scheduled to meet on Tuesday to officially select the next chief minister of the state. This marks the conclusion of a period of uncertainty following the party's victory in the assembly elections.

Amit Shah again targetted former Prime Minister Jawaharlal Nehru and blamed him for Pakistan's illegal occupation of a portion of Kashmir, known as Pakistan-occupied Kashmir (PoK). Shah was speaking in the Rajya Sabha during a discussion on the Jammu and Kashmir Reservation (Amendment) Bill, 2023 and Jammu and Kashmir Reorganisation (Amendment) Bill, 2023. «Jahan tak tang nazariye ka sawaal hai, desh ki ek bhi inch zameen ka sawaal hai, humara nazariya tang rahega, hum dil bada nahi kar sakte. No one has the right to give away a section of our land to show off their big heart,» Shah said.

Sensex and Nifty crossing 70,000 and 21,000 mark on Monday. Analysts said strong domestic economic growth along with return of FIIs will drive the market higher in the coming months. «However, for the next few days markets are likely to consolidate in a range given global central banks are set to announce policy outcome this week,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a muted start GIFT Nifty on the NSE IX traded higher by 4.5 points, or 0.02 per cent, at 21,145.50, signaling that Dalal Street was headed for muted start on Tuesday.

Zara pulled an advertising campaign featuring mannequins with missing limbs and statues wrapped in white from the front page of its website and app on Monday after it prompted calls by some pro-Palestine activists for a boycott of the fashion retailer. Inditex, which owns Zara, said the change was part of its normal procedure of refreshing content. It did not comment on the boycott calls, but said the «Atelier» collection was conceived in July and the photos were taken in September. The war between Israel and Hamas began after Oct. 7

A former New Hampshire state senator is fighting allegations that he fraudulently obtained a COVID-19 relief loan and used part of the money to buy luxury cars

European Union officials worked into the late hours last week hammering out an agreement on world-leading rules meant to govern the use of artificial intelligence in the 27-nation bloc

Elon Musk has restored the X account of conspiracy theorist Alex Jones

We often talk about 401(k)s and 403(b)s as if they’re the same, but they’re not

Ousted Fox News host Tucker Carlson has announced he is starting his own streaming network

With inflation edging closer to the Federal Reserve’s 2% target, its policymakers are facing — and in some cases fueling — hopes that they will make a decisive shift in policy and cut interest rates next year, possibly as soon as spring

The U.N. Food and Agriculture Organization says that hunger remains a chronic problem in Asia

A judge has ordered Prince Harry to pay nearly 50,000 pounds or more than $60,000 in legal fees to the Daily Mail publisher for his failed court challenge in a libel lawsuit

Stocks of oil marketing companies dropped on Monday as reports that the government may consider cutting retail fuel prices prompted traders to cut some of their bullish bets. Analysts said these stocks were overbought after the recent run-up but a reversal might be an opportunity to load up on some of them. Among oil marketers, Hindustan Petroleum fell 4.36%. Indian Oil and Bharat Petroleum both lost about 1%.

Investing.com — The Dow closed higher on Monday, extending recent gains as investors looked ahead to a crucial week of market-moving events including fresh inflation data and the Federal Reserve's two-day meeting slated for Tuesday.

By Chuck Mikolajczak

general elections due next year, the government is wielding every weapon in its arsenal to tame food prices. The latest decisions on sugar and onion mean energy security and farm incomes rank lower in priority, at least for now. Mint explains the consequences: So far in December, the government has moved on multiple fronts.

MUMBAI : The conflict between Bharat Forge Ltd’s promoter Baba N. Kalyani and sister Sugandha Hiremath has escalated with a Kalyani group company requesting the market regulator to order the removal of the compliance officer of Hikal Ltd, a speciality chemicals company jointly owned by the Kalyanis and the Hiremaths. It has also called for action against Hikal’s audit committee.

US Federal Reserve and the European Central Bank (ECB). The oil prices are expected to get some support from the demand from the United States, which has sought up to 3 million barrels of crude for the Strategic Petroleum Reserve (SPR) in March 2024.