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Domestic benchmark index NSE Nifty ended 345.55 points at 23085.95, while the BSE Sensex closed 1048.9 points down at 76330.01.

fiscal deficit targets, consolidation efforts, spending priorities, among others, as markets keenly observe how India’s fiscal policymakers plan to navigate a cyclical growth slowdown and elevated public debt. The first question investors are asking, according to Goldman Sachs, is whether the government will meet its FY25 fiscal deficit target of 4.9% of GDP. The brokerage said the answer to that is yes. Higher income tax collections and increased dividends from the Reserve Bank of India (RBI) and state-owned enterprises are expected to offset shortfalls in corporate taxes and excise duties. Lower-than-budgeted capital expenditure further supports the government’s ability to stay on track despite slower nominal GDP growth.

stocks rallied as much as 15% in Mumbai trading on Monday even as equity benchmarks, BSE Sensex and NSE Nifty, traded in the amid brisk in frontline bluechip counters. Stocks that surged in excess of 15% included, Sri Chakra Cement(20.00%), Palash Securities(17.18%), Centenial Surg(16.23%) and AVI Products India (15.81%).

As we enter 2025, the general consensus is that stocks are set to deliver another year of decent returns. Most strategists contend that we will be in a goldilocks environment characterized by positive readings on economic growth, profits, inflation, and rates. This sentiment is particularly evident in the current valuation level of the S&P 500 Index.

U.S. president-elect Donald Trump suggested he would use “economic force” to annex Canada at a press conference this week, marking an escalation in the string of threats and jibes he has made against the country since his election.

Indian stock markets have been on a bumpy ride over the past few months. While there were moments of recovery, the lack of stability has left many investors feeling uncertain and losing confidence. So, what’s really going on? ETMarkets spoke to Kranthi Bathini, Equity Strategist at Wealthmills Securities to decode the current market scene. Excerpts: Markets have been on a downtrend lately, can you summarize the current market situation? Kranthi Bathini: We’ve observed a seesaw pattern in the markets recently. After a mild recovery in early January, markets failed to sustain above the 24,000 mark due to several factors:

capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO comprises a fresh issue of equity shares aggregating up to Rs 320 crore by the company, and an offer for sale (OFS) of up to 1 crore equity shares by promoters, according to the Draft Red Herring Prospectus (DRHP) on Saturday. The company proposes to utilise the net proceeds towards funding capital expenditure requirements for setting up new projects in subsidiary ALCU, payment of debt, and general corporate purposes.

Elara Capital on Monday said it has initiated coverage on the hypermarket chain Vishal Mega Mart with a ‘buy’ rating at a target price of Rs 140 per share, which implies a potential upside of over 35% from the stock’s current levels. The brokerage has cited the company's strong balance sheet, efficient operations, and significant growth potential in India's expanding retail market. On Monday, Vishal Mega Mart shares were trading 5% lower at Rs 103.05 on the BSE. The company, which operates supermarket chains across 30 states and Union Territories in India, has shown strong momentum since its listing on December 18. The company debuted at Rs 110 on BSE, delivering an immediate 41% premium to IPO investors, while on NSE, the shares opened at Rs 104, representing a 33.3% premium.

European shares were dragged lower by technology and healthcare stocks on Monday, as global equities faced pressure after U.S. jobs data reinforced bets the Federal Reserve will be cautious in cutting interest rates this year. The pan-European STOXX 600 was down 0.5% by 0812 GMT, extending its declines following a near 1% drop on Friday when data showed U.S. job growth unexpectedly accelerated in December while the unemployment rate fell to 4.1%.

Subscribe to enjoy similar stories. After a lull, trade cement prices at an all India-level are gradually climbing in the recent months. But the recovery in prices is not broad-based.

Subscribe to enjoy similar stories. After landing in Nuuk, the capital of Greenland, Donald Trump junior sought to take stock of local feelings around his father’s plans to take over the Arctic island. A hotel meeting room in the centre of town was the venue for this putative act of spontaneous and popular assembly.

Subscribe to enjoy similar stories. Domestic metal and mining companies with strong volume track records, superior product mixes and near-term expansion plans are expected to hold fort against swings in global prices and geopolitical uncertainties in the remainder of FY25, experts said ahead of the December quarter earnings season (Q3FY25). Jindal Steel and Power Ltd (JSPL) and aluminium manufacturer Hindalco Industries Ltd have emerged as the top picks in the ferrous and non-ferrous metal categories, respectively.

Subscribe to enjoy similar stories. China’s economy is more dependent on exports than it has been for most of the past two decades, leaving it vulnerable to a new broadside on trade from President-elect Donald Trump.

PB Fintech, the parent company of Paisabazaar and Policybazaar, tumbled 6.7% in Monday’s intraday trade to a low of Rs 1,730.50 after global brokerage firm Morgan Stanley downgraded PB the stock’s rating to «Underweight» with a target price of Rs 1,400. Morgan Stanley has previously assigned an «Equal Weight,» rating to the stock. Additionally, the stock's target price indicates a potential for a 24% downside from Friday's closing price.

MOIL Ltd.(up 2.87%), Lexus Granito(India)Ltd.(up 1.24%), Ashapura Minechem Ltd.(up 0.31%), Aro Granite Industries Ltd.(up 0.23%) and Coal India Ltd.(up 0.05%) were among the top gainers.

On the BSE, Betex India(down 12.24 per cent), Goblin India(down 12.00 per cent), Sangam Renewables(down 11.67 per cent), Vishvprabha Ventures(down 11.23 per cent) and Purple Entertainment(down 10.21 per cent) were among the stocks that plunged over 5 per cent during the session.

ICICI Lombard General Insurance Company Ltd. traded 0.3 per cent in Monday's trade at 10:30AM (IST). Around 640 shares changed hands on the counter. The scrip opened at Rs 1860.15 and touched an intraday high and low of Rs 1886.20 and Rs 1860.15, respectively, in the session so far. The stock of ICICI Lombard General Insurance Company Ltd. quoted a 52-week high of Rs 2285.85 and a 52-week low of Rs 1354.80.

Stocks that rallied over 10% included, J. Taparia Proj(12.85%) and Keerthi Ind(10.80%).

Bajaj Holdings & Investment Ltd. 1.09 per cent to Rs 10704.10 in Monday's trade. It hit a high of Rs 10825.00 and low of Rs 10663.70 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 9678.84, while the 50-DMA was at Rs 10913.4. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Marico Ltd. traded 0.04 per cent at Rs 672.55 at 10:25AM (IST) on Monday, even as BSE benchmark Sensex 407.94 points to 76970.97. The stock had settled at Rs 672.85 in the previous session. The stock quoted a 52-week high price of Rs 719.80 and 52-week low of Rs 486.75, respectively. As per BSE data, total traded volume on the counter till 10:25AM (IST) stood at 3444 shares with a turnover of Rs 0.24 crore.

Cholamandalam Investment & Finance Company Ltd. traded 0.19 per cent in Monday's trade at 10:35AM (IST). Around 5,277 shares changed hands on the counter. The counter opened at Rs 1239.85 and touched an intraday high and low of Rs 1259.00 and Rs 1227.55, respectively, in the session so far. Shares of the company of Cholamandalam Investment & Finance Company Ltd. quoted a 52-week high of Rs 1650.00 and a 52-week low of Rs 1011.50.