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Cholamandalam Investment & Finance Company Ltd. 0.35 per cent to Rs 1217.80 at 10:20AM (IST) in Friday's trade. The scrip hit a high of Rs 1228.50 and low of Rs 1209.30 so far during the session. The stock had closed at Rs 1213.45 in the previous session. The counter had a total traded volume of 10:20AM shares so far with a turnover of Rs 0.63 crore on BSE. The stock traded at a price-to-earnings multiple of 26.50 and a price-to-book ratio of 4.96.

Benchmark NSE Nifty index fell 35.0 points to 23916.7 amid selling in frontline bluechip stocks.

Sagility India today rallied 5% in early trade to hit its upper circuit and a fresh all-time high of Rs 46.09 on the BSE as global brokerage firm Jefferies initiated coverage on the stock with a ‘buy’ rating and a target price of Rs 52. The target indicates an upside potential of 18% for the stock from its previous closing price.

Au Small Finance Bank Ltd. 0.91 per cent to Rs 553.75 in Friday's trade as of 10:15AM (IST). The stock hit a high price of Rs 557.40 and low of Rs 548.75 during the session. The return on equity (ROE) for the stock stood at 12.28 per cent. Traded volume on the counter stood at 10:15AM shares and turnover at Rs 0.79 crore around that time. The stock of Au Small Finance Bank Ltd. quoted a 52-week high price of Rs 813.00 and 52-week low prices of Rs 540.90, respectively.

KPI Green Energy Ltd.(up 3.85%), ACME Solar Holdings Ltd.(up 2.69%), India Power Corporation Ltd.(up 2.21%), GE Vernova T&D India Ltd.(up 1.62%), Karma Energy Ltd.(up 1.43%), Orient Green Power Company Ltd.(up 1.42%), Adani Power Ltd.(up 1.27%), Hitachi Energy India Ltd.(up 1.01%), NTPC Ltd.(up 0.86%) and Adani Green Energy Ltd.(up 0.83%) were among the top gainers.

foreign institutional investors (FIIs) remain net buyers of Indian stocks this month with the good-old financials and IT on top of the buying list, 3 sectors — oil and gas, auto and FMCG — saw $1 billion exit. NSDL data shows that in the first fortnight of December, FIIs sold Rs 5,337 crore worth of stocks in oil and gas sector, Rs 1,823 crore in auto and another Rs 1,655 crore in FMCG. The combined sell-off in all these 3 stocks have crossed $1 billion-mark.

Gold prices are displaying weakness, falling by Rs 2,260/ 10 grams in the last one week while silver prices fell by Rs 5,600/kg in the same period.

Luigi Mangione and Sean «Diddy» Combs, now have two things in common: they share the same prison and the same lawyer. Mangione, accused of killing UnitedHealthcare CEO Brian Thompson, has been transferred to Brooklyn's Metropolitan Detention Center (MDC), where Combs is also being held amid a series of sexual assault lawsuits. Incidentally, Mangione's lawyer is also defending rapper Sean «Diddy» Combs in a separate sex-trafficking case. Mangione was arrested in Pennsylvania after a five-day search and brought to New York. CNN and ABC News report that he is now in federal custody at the MDC. “Mangione appreciates everyone’s support,” said Karen Friedman Agnifilo, Mangione’s lawyer and the wife of Marc Agnifilo.

Motilal Oswal Securities (MOSL) and Jefferies have initiated positive coverage on Anant Raj and Sagility, respectively, citing robust growth potential and strong fundamentals. MOSL highlights Anant Raj's leadership in the NCR real estate market and its early mover advantage in the data center localization wave, projecting significant growth in pre-sales and collections.

metal stocks, amid lingering concerns over a slower pace of rate cuts by the US Federal Reserve. The BSE Sensex was trading 300 points, or 0.41%, lower at 78,896.67. The Nifty50 was down 62.25 points, or 0.26%, trading at 23,889 around 9:53 am.

NACDAC Infrastructure has become one of the highest subscribed IPOs in the SME market history after receiving bids nearly 2,000 times higher than the shares on offer. The company was merely seeing Rs 10 crore through its public offer and planned to list its shares on the BSE SME platforms. The bids received were for 411 crore shares worth over Rs 14,000 crore as against just 20 lakh shares on offer. Post the bumper response for the IPO, the company will finalise the share allotment later today.

Winter vacation dates, however, remain subject to extension depending on the severity of the cold wave. Here's a detailed breakdown of winter break announcements across states:

Justin Trudeau will shuffle his Cabinet Friday. The prime minister's office confirmed late Thursday that Trudeau will participate in the swearing-in ceremony and chair a meeting with his new Cabinet later Friday. Trudeau is facing rising discontent over his leadership, and the abrupt departure of his finance minister on Monday could be something he can't recover from.

US Immigration and Customs Enforcement deported more than 270,000 people to 192 countries, including India, over a recent 12-month period, the highest annual tally in a decade, according to a report released Thursday that illustrates some of the financial and operational challenges that President-elect Donald Trump will face to carry out his pledge of mass deportations. ICE, the main government agency responsible for removing people in the country illegally, had 271,484 deportations in its fiscal year ended Sept 30, nearly double from 142,580 in the same period a year earlier. It was ICE's highest deportation count since 2014, when it removed 315,943 people. The highest it reached during Trump's first term in the White House was 267,258 in 2019. Increased deportation flights, including on weekends, and streamlined travel procedures for people sent to Guatemala, Honduras and El Salvador fuelled the increase, ICE said. The agency had its first large flight to China in six years and also had planes stop in Albania, Angola, Egypt, Georgia, Ghana, Guinea, India, Mauritania, Romania, Senegal, Tajikistan and Uzbekistan.

stock picking because we believe that focusing on the smallest unit—the individual stock—can deliver performance when aggregated,” says Anil Rego, MD & CIO, Right Horizons PMS. In an interview with ETMarkets, Rego said: “One of the key methodologies we use is to look for multi-baggers. It’s a simple concept: if we can find stocks that can grow earnings and help the stock double in value, we focus on them,” Edited excerpts:

At least five companies, including Zomato Ltd. and its recently-listed rival Swiggy Ltd., have unveiled or announced plans to offer quick food delivery in the last few weeks. But how they do it varies: Zomato unit Blinkit’s food delivery app Bistro and Zepto Cafe are relying on in-house kitchens to swiftly cook and assemble eatables, while Swiggy is partnering with restaurants from Starbucks Corp. to McDonald’s Corp.

According to preliminary information, the truck that hit the other vehicles was loaded with a chemical. «The fire has engulfed several trucks. The number of trucks involved in the incident is not clear. Some people with burn injuries have been rushed to hospitals in ambulances,» Station House Officer (SHO), Bhankrota, Manish Gupta told PTI.

The jury in a US federal court in Delaware is considering whether Qualcomm or Nuvia, a startup Qualcomm purchased for $1.4 billion in 2021, breached a license agreement with U.K.-based Arm, which supplies intellectual property to both firms. The case could upend Qualcomm's push into the PC market with a chip meant to rival Apple and Intel on speed.

Tata Consultancy Services (TCS) plans to increase the number of fresher hirings from engineering campuses in 2025-26 from the current fiscal’s commitment of 40,000 amid higher growth prospects, its chief human resources officer Milind Lakkad told ET. India’s largest IT services giant is on track to onboard its committed 40,000 freshers from colleges along with training across multiple technologies including the latest artificial intelligence (AI) and generative AI or GenAI tools in FY25 ending March 2025, said Lakkad who is also an executive vice president at TCS. “I expect that number to go up a bit more (in FY26),” Lakkad told ET in an interview. He said the firm’s planning cycle for FY26 starts now.

Local startups raised $10.9 billion this calendar until December 13, slightly more than $9.6 billion raised during the same period of 2023, data from Venture Intelligence show. The number of deals closed so far this year fell to 809 from 829 a year back.

New Fund Offers (NFOs), a system where a fund house sells units of a new scheme. What are the proposals cleared by Sebi? The capital markets regulator said that a new fund offer (NFO) of a mutual fund scheme must invest the money it raised within 30 days from the end of the scheme launch period. It also said in the event of a switch from an existing scheme into an NFO, distributors will get the lower commissions of the two schemes.