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Nifty 50 gained about 17 per cent in the same period. Stocks such as Punjab National Bank and Indian Bank surged over 50 per cent each this year while shares of Central Bank of India, Bank of Maharashtra and Union Bank of India jumped over 40 per cent each. Healthy growth in advances, net interest income (NII), reduction in gross NPAs and strong growth in profitability are some of the factors that boosted PSU bank stocks.

PVR INOX, the country's largest multiplex network operators, with an unchanged price target of ₹2,200 apiece, citing strong box office (BO) collections led by a strong content pipeline across languages. This target reflects an upside of 27.38% for the stock from its current trading price of ₹1,727.

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Google last week announced it would introduce updates to its application Google Maps that the company says will give users more control over their location data. What are the changes and why is this significant? An explainer. What is Google planning to change?

Read here: Nifty 50 valuations are rich, offer 8-10% upside in 2024, says HDFC Securities; lists out stocks to accumulate next year Margin benefits for commodity consuming sectors due to deflation in commodity prices are largely done, so any growth hereon must be volume led, it said. The Retail Research at HDFC Securities has included Advanced Enzyme Technologies and Swaraj Engines in their fundamental picks and expects the stocks to give decent returns in two-to-three quarters. HDFC Securities forecasts revenue, EBITDA and PAT CAGR of 13.5%, 21% and 22% over FY23-25E for Advanced Enzyme Technologies which would be led by strong growth across all segments.

Dixon Technologies shares are up more than 65% year-to-date (YTD) and analysts expect more upside to it on the back of government’s thrust on lowering imports of IT hardware and the Dixon Technologies’ recent contract with Lenovo which is believed to give it a strong head start in IT manufacturing. Also Read: Which Tata Group stock performed the best in 2023? The answer may surprise you JM Financial has a ‘Buy’ rating on Dixon Technologies and raised the target price on the stock to ₹7,215 per share from ₹5,975 earlier.

₹50,000 crore more fund under SWAMIH to complete stalled housing projects across the country, saying this will benefit consumers as well as the industry. The National Real Estate Development Council (NAREDCO) has suggested the finance ministry to come up with a second tranche of the Special Window for Affordable and Mid-Income Housing (SWAMIH) fund with ₹50,000 corpus in the upcoming Union budget for 2024-2025 fiscal year. In 2019, the Centre had created SWAMIH fund to complete stalled projects.

Evidence is mounting that the Bank of Canada’s benchmark interest rate is high enough to bring inflation all the way back to the two-per cent target, deliberations from the central bank’s latest rate decision show.

Ratan Tata receives threat call, Mumbai Police tracks down suspect According to the order, it is likely that terrorist or anti-national elements might make use of drones, remote-controlled microlight aircraft, and paragliders to target VVIPs and endanger the life of the public at large, destroy public property and disturb law and order in the metropolis. The police have issued an order banning the flying of such objects except for aerial surveillance by cops or under specific permission in writing by the deputy commissioner of police (operations).

investment portfolio is akin to making a pit stop on a lengthy road trip. It provides an opportunity to inspect your tires, replenish fluids, and fine-tune your route for the miles ahead.

₹1,614.89-crore deal with the company for six next-generation offshore patrol vessels for the Indian Coast Guard.The company plans to launch Enhertu in India in January 2024. The drug is used in the treatment of adult patients with unresectable or metastatic HER2-positive breast cancer who have received a prior anti-HER2-based regimen.GIFT Nifty trading at a discount of nearly 30 points from Nifty Futures Wednesday close, indicating a start in the red for the Indian market.Oil declined after three days of gains as data showing record-high US production outweighed threats by Houthi rebels in Yemen to continue targeting ships in one of the world’s most important waterways.West Texas Intermediate fell as much as 1% in early Asian trading to below $74 a barrel, after shifting lower at the end of Wednesday’s session as government data showed US crude output hit a new high of 13.3 million barrels a day last week.

Catch Live Market Updates here The domestic indices witnessed a sharp sell-off on Wednesday with the Nifty 50 registering its biggest one-day fall in a year. On December 20, the Sensex slumped 930.88 points to end at 70,506.31, while the Nifty 50 ended 302.95 points, or 1.41%, lower at 21,150.15.

MPs from Parliament, Congress leader Sachin Pilot hit out at the BJP and asked if the opposition did not have the right to put forward its view. «The issue is that they are suspending the MPs. They are making different headlines...Does the Opposition not have the right to put forward its view? This action is inappropriate,» Sachin Pilot told reporters.

Razorpay and Cashfree are trying everything to win back merchants that they could not onboard earlier due to an RBI embargo, now that they have got the payment aggregator licence. Last year, the Reserve Bank of India had stopped merchant onboarding for both Razorpay and Cashfree. That embargo ended only on Tuesday when the regulator awarded them the final payment aggregator licence.

By Sam Nussey

By Stephen Culp

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The head of South Korea’s Financial Supervisory Service plans to meet with SEC Chair Gary Gensler to discuss crypto regulation.

Markets are becoming increasingly confident that the Federal Reserve will start cutting interest rates in 2024. The first cut is expected at the March 20 monetary policy meeting.

By Shivansh Tiwary