Track Financial News

Sports betting has spread rapidly across U.S. states in the past five years

World shares have advanced, tracking gains on Wall Street after markets there reopened following Monday's holiday

Sensex rallied over 700 points on Wednesday to scale the 72,000 mark for the first time. Nifty, too, hit a fresh all-time peak of 21,654.75 amid all-round buying in banks, auto, metals and IT stocks. The market rally was broad-based but Nifty's 1% rise left smallcap and midcap indices behind as investors found more value in bluechips after the non-stop rally seen in smaller stocks. UltraTech Cement ended over 4% higher, along with other cement stocks, after Nomura upgraded the sectoral outlook. Among bluechips, Hindalco and Bajaj Auto ended 4% higher while heavyweight HDFC Bank advanced 1%. The combined market capitalisation of all BSE-listed stocks rose by Rs 2.5 lakh crore to Rs 361.4 lakh crore. Here are the key factors behind today's rally:

AI Safety Summit" to discuss the extreme risks that AI models may pose. Governments cannot ignore a technology that could change the world profoundly, and any credible threat to humanity should be taken seriously. Regulators have been too slow in the past.

private equity and venture capital funds into domestic companies declined about 40 per cent to USD 27.9 billion so far this year, while the outflow increased marginally to USD 19.34 billion year-on-year. According to the numbers collated by Venture Intelligence that tracks private capital and debt flows, and industry body IVCA, investments by private equity and venture capital funds as of December 20, 2023, fell to a low of USD 27.9 billion across 697 transactions, as against USD 47.62 billion inflows in 2022 across 1,364 deals. The year also saw more money being pulled out from the country by private equity players with overall exits touching USD 19.34 billion from 248 companies as against 233 exists worth USD 18.45 billion in 2022, according to the data.

Pakistan in Samba and Poonch even as cordon and search operations continued for the seventh straight day on Wednesday to track the terrorists involved in last week's ambush that killed four soldiers in Jammu and Kashmir, officials said. Defence Minister Rajnath Singh has flown to Rajouri to visit ground zero on Wednesday along with Lieutenant Governor Manoj Sinha and Army chief Manoj Pande to review the security situation following the terror attack. «Security forces are continuing the cordon and search operation to track down the terrorists involved in the ambush on Army vehicles,» a senior official told PTI. The operation includes sniffer dogs, surveillance equipment and aerial mechanisms. Additional forces have been deployed to plug seven infiltration routes amid area domination operations in the area. Mobile internet services will remain suspended in Rajouri and Poonch for the fifth day in a row. Security forces and special operation groups have launched search operations at three places along the International Border (IB) in Samba district since this morning, officials said. They said that this has been done as a precautionary measure due to the intense fog along the borderline, they said. Security forces have also launched fresh search operations along the LoC in Kirni sector in Poonch following reports of suspicious movement in the area, they said.

Sanjiv Bhasin, Director, IIFL Securities, says: “I cannot advocate buying into defence companies at the current prices. So do not chase them, there is less room for comfort on the valuations. I can see a plethora of other stocks, the intermediaries or insurance plays. I would go with a Max Finance or an HDFC Life, they have corrected recently. And like I said intermediaries, that is insurance, broking, AMC, custodian and exchanges, these are going to be there for the next 20 years or more.” Three listings are going to happen today. Are any of those companies on your radar or is there anything from primary markets which is on your radar? Sanjiv Bhasin: I recommended Electro Force last week when the issue opened. It has a profitability of Rs 15 crore on a turnover of Rs 80 crore and it will do Rs 150 crore in this year with a profitability of Rs 35 crore. It is a B2B business and its clientele include Siemens, Schneider. It deals with prototyping, precision metal stamping, tool designing, the entire works of insert moulding and anything to do with that.

Toyota Motor's global production jumped 11 per cent in November to a record level, bouncing back from last year's supply chain disruptions and benefiting from robust demand both in Japan and overseas. Output for November climbed to 926,573 vehicles, while worldwide sales increased 14 per cent from a year earlier when shortages of semiconductors plagued automakers globally. Both figures include Toyota's Lexus luxury brand.

credit scores and therefore it is essential to periodically monitor your credit scores. An individual’s credit score, which ranges from 300-900, represents your creditworthiness and assists lenders with risk assessment. A higher score typically indicates better financial discipline and lower risk, leading to easier loan approval and favourable interest rates.

TOKYO (Reuters) — Toyota Motor (NYSE:TM)'s global production jumped 11% in November to a record level, bouncing back from last year's supply chain disruptions and benefiting from robust demand both in Japan and overseas.

Devang Mehta, Director-Equity Advisory, Centrum Wealth Management, says “we like a host of capital goods stocks, be it Siemens, be it in the bearing space or motion management, something like a Timken India. I am not suggesting any buys, but these are some companies which we track very closely that bring a lot of order activity, right from railways to ports to a lot of such companies doing greenfield and brownfield projects. This looks like an extremely interesting space, be it automation, be it capital goods ancillaries, power ancillaries. This pace, for the next two, three years becomes more structural rather than a short-term cyclical.” The J. Kumar Infrastructure management is quite bullish about the kind of order inflows they are seeing and very confident about beating their guidance as well. Do you have any view on J. Kumar or any other infrastructure name? Devang Mehta: I think, yes, clearly this is one space infrastructure, be it capital goods, be it infrastructure, roadways, ports, railways.

equity indices opened higher for the fourth consecutive day on Wednesday, led by banking, auto and IT stocks. The BSE Sensex was trading 280 points or 0.39% higher at 71,618. Nifty50 was trading at 21,529, up 87 points or 0.41% at around 9.17 am. From the Sensex pack, UltraTech Cement, Power Grid and Tata Motors were the top gainers, rising over 1% each.

RBZ Jewellers IPO: Listing date for the initial putlic offering (IPO) of RBZ Jewellers Limited has been fixed on 27th December 2023 i.e. today. As per the information available on BSE website, RBZ Jewellers share will list on BSE and NES in special per open session during Wednesday deals.

By Sam Nussey

By Rae Wee

Investing.com-- Most Asian stocks rose on Wednesday, tracking a rally on Wall Street as investors cheered the prospect of early interest rate cuts by the Federal Reserve, while Chinese shares lagged on a bleak economic outlook.

Sensex gained 229.84 points, or 0.32%, to close at 71,336.80, while the Nifty 50 settled 91.95 points, or 0.43%, higher at 21,441.35. “We expect markets to be in a range with positive bias and end the year on a positive note. While there is lack of significant triggers and in the absence of any major events due holiday season.

artificial intelligence (AI) to discover content preferred by India's tier-2 and tier-3 cities. Flipkart is deploying such tools to strategically place sale banners on its mobile app, while P&G studied the subconscious preferences of consumers to improve the package design of its products. And, Star Disney tested six versions of the promo before launching a new primetime show to optimise promotion budget allocation. Brands are increasingly using facial expressions, eye tracking, voice modulation, body movements and several other concepts of 'emotion AI', to better their business offerings. The use-cases extend from digital advertising, mental health diagnosis, consumer research to enhancing safety in public spaces, etc.

Apple's popular Apple Watches into the United States has gone into effect. Here is a look at what the ban means for consumers and what is next for Apple. The US International Trade Commission in October ordered Apple to stop importing and selling Apple Watches based on a complaint from medical-monitoring technology company Masimo.

She’s an important figure behind today’s artificial intelligence boom, but not all computer scientists thought Fei-Fei Li was on the right track when she came up with the idea for a giant visual database called ImageNet that took years to build

Tether has minted $1 billion USDT for an “inventory replenish,” according to CEO Paolo Ardoino.