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Oberoi Realty soared to a record high, climbing over 5% on Wednesday to Rs 2162.45 on the BSE after domestic brokerage Nomura initiated coverage on the company with a ‘buy’ rating and a target price of Rs 2,500, signalling a potential upside of over 15% from the current level. Nomura Institutional Equities cited robust growth drivers, including strong pre-sales momentum, rising annuity income, and strategic business development initiatives as drivers for its bullish outlook. The brokerage projects a compound annual growth rate (CAGR) of 40% in pre-sales, expecting the figure to reach Rs 11,500 crore over the next two fiscal years.

Bank of Baroda traded 0.92 per cent in Wednesday's trade at 11:48AM (IST). Around 143,252 shares changed hands on the counter. The scrip opened at Rs 255.60 and touched an intraday high and low of Rs 257.30 and Rs 254.35, respectively, in the session so far. Shares of the company of Bank of Baroda quoted a 52-week high of Rs 298.45 and a 52-week low of Rs 204.65.

Punjab National Bank 0.88 per cent to Rs 108.90 in Wednesday's trade as of 11:53AM (IST). The stock hit a high price of Rs 109.00 and low of Rs 107.80 during the session.

Investec has initiated coverage on JSW Infra with a 'Buy' rating and a target price of Rs 370, indicating a 15% upside from its previous closing price of Rs 321. Investec expects JSW Infra to achieve a 20%+ revenue and EBITDA CAGR over FY24-30. The growth is expected to be driven by third-party cargo at new terminals and strong growth in JSW Group traffic from FY27E onwards. The firm also sees significant potential for new concessions, fueled by the Indian government's aggressive port privatization targets, the management's opportunistic approach, and a robust balance sheet.

Stocks that rallied over 10% included, Indo Amines(13.38%), Bang Overseas(13.23%), Niva Bupa Health Ins(12.77%), HEG(11.21%), Wonderla Holidays(10.99%), Vippy Spinpro(10.55%), Zim Laboratories(10.51%) and Syschem(India)(10.17%).

Oman have pushed its partnership in defence, energy, maritime and investment sectors at a high meeting meeting held in New Delhi. The 13th round of the India-Oman Strategic Consultative Group (IOSCG) meeting was held on Tuesday. The meeting was co-chaired by Arun Kumar Chatterjee, Secretary (CPV & OIA), Ministry of External Affairs, and Sheikh Khalifa Alharthy, Undersecretary for Political Affairs, Ministry of Foreign Affairs, Sultanate of Oman. Space is another sector where Oman is interested to collaborate with India. During the meeting, both sides reviewed the entire gamut of bilateral relations, including political and strategic cooperation, trade and investment, energy, maritime and defence partnership, digital collaboration, cultural exchange, and people-to-people ties.

Bharat Electronics Ltd. traded at Rs 313.95 on BSE at 10:30AM (IST) on Wednesday, 0.62 per cent from previous close. The scrip quoted a 52-week low price of Rs 150.00 and a high of Rs 340.35.

«At least 20% of cybercrimes in India involve the usage of the dark web by online attackers,» the study conducted by Lisianthus Tech said. The attackers used the dark web for cybercrimes like data breaches, hacking, phishing, ransomware, identity theft, sale and purchase of banned products like narcotics and weapons.

The HSBC final India Services Purchasing Managers' Index, compiled by S&P Global, stayed almost unchanged at 58.4 in November from 58.5 in October, but was lower than a preliminary estimate of 59.2. A sub-index measuring new business — a gauge of demand — fell from October but showed no concerning signs of weakness. It was supported by international demand that rose at its fastest pace since August.

Cholamandalam Investment & Finance Company Ltd. rose 0.75 per cent to Rs 1264.40 in Wednesday's trade. It hit an intraday high of Rs 1275.00 and low of Rs 1256.05, respectively, during the day. The stock quoted a 52-week high price of Rs 1650.00 and low of Rs 1011.50.

Balkrishna Industries Ltd.(up 1.37 per cent), Bharat Forge Ltd.(up 1.16 per cent), Mahindra & Mahindra Ltd.(up 0.5 per cent), Bajaj Auto Ltd.(up 0.35 per cent) and MRF Ltd.(up 0.34 per cent) were among the top gainers.

foreign inflows offset the impact of a strengthening greenback. A strengthening dollar against overseas currencies and a rise in Brent crude in international markets capped further gains in the local unit, while a positive trend in domestic equity markets prevented a drop in the currency. Forex traders said the rupee has been on a downtrend largely on the back of Donald Trump's rhetoric on BRICS currency, political instability in the Eurozone, weaker domestic macroeconomic indicators and unabated foreign portfolio outflows.

Benchmark NSE Nifty index rose 81.95 points to 24539.1 amid buying in frontline bluechip stocks.

ICICI Securities has a buy call on Bajaj Finance with a target price of Rs 8500. The current market price of Bajaj Finance is Rs 6651.1. Bajaj Finance., incorporated in 1987, is a Large Cap company with a market cap of Rs 411672.79 crore, operating in NBFC sector. Bajaj Finance's key products/revenue segments include Interest, Fees & Commission Income, Other Operating Revenue, Income From Sale Of Share & Securities and Service Charges for the year ending 31-Mar-2024.

Client spending on Salesforce's software products and data cloud has remained healthy as companies seek to streamline and enhance their corporate workflows and process large quantities of data while integrating artificial intelligence. The company's revenue for the third quarter rose 8% to $9.44 billion, beating the average analyst estimate of $9.35 billion, according to data compiled by LSEG.

mutual funds and the prevailing conditions in the stock market. According to the Sebi mandate, the large cap mutual funds are mandated to invest in top 100 companies by market capitalisation. Large companies fare better in a volatile market as these companies may be market leaders and resilient to downturns. That is why if you are looking for a relatively safer mutual fund category, you should consider investing in large cap funds.

The report projects the Nifty to reach 26,500 in CY25, implying a return of less than 9%, with potential underperformance against US equities in USD terms. The Nifty50 closed at 24457 on 3 December 2024.

Reliance Industries (RIL) is ending 2024 on a muted note and is down about 18% from its July peak as investors fear that the quick commerce disruption may impact billionaire Mukesh Ambani's ambitions in retail business. While refining margins, which fell sharply from June, have rebounded on the O2C side of the conglomerate’s business, Reliance Retail (RR) growth continues to disappoint and brokerages are reluctant to give it a premium valuation against other retail peers on lower near-term growth, real estate costs and capex intensity.

Bryan Johnson, a 45-year-old millionaire entrepreneur and the visionary behind the ‘Blueprint’ project aimed at reversing aging, is presently in Mumbai. Renowned for his innovative strategies in longevity science, the tech entrepreneur offered a sneak peek into his visit to Antilia, the opulent home of the Ambani family, through his official Instagram account. Johnson, who is visiting India to promote his book Don't Die, shared his enthusiasm about the opportunity to spend time with the billionaire family.

The recent correction has opened up some upside, even after considering the earnings cuts, says Venkatesh Sanjeevi, Senior Vice President & Portfolio Manager – Emerging Markets Equity — India, Franklin Templeton. «Our investment approach is to capitalise on such near-term weaknesses to build positions into high quality companies which can compound their earnings for many years ahead,» he says.

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