Trade Financial News

Shares of Infosys Ltd.(up 1.32 per cent), Wipro Ltd.(up 0.3 per cent), LTIMindtree Ltd.(up 0.3 per cent), Persistent Systems Ltd.(up 0.23 per cent) and MphasiS Ltd.(up 0.09 per cent) ended the day as top gainers in the pack.

inflation data from the world's largest economy and India for further cues on interest rates. The benchmark 10-year yield ended at 6.7171%, compared with its previous close of 6.7073%.

monetary policy stance post the appointment of Sanjay Malhotra as the new RBI governor. Forex traders said the Indian rupee touched a fresh all-time low of 86.87 in intraday trade as change of guard at the Reserve Bank of India raised odds of a rate cut by the Reserve Bank of India (RBI) in its February meeting. A bounce back in the US dollar from earlier lows also weighed on the rupee. However, positive domestic markets, FII inflows and reports of RBI intervention supported the rupee earlier in the day.

Ashapura Minechem Ltd.(up 9.85%), Madhav Marbles & Granites Ltd.(up 8.18%), Oriental Trimex Ltd.(up 3.96%), The Orissa Minerals Development Company Ltd.(up 1.56%), Gujarat Mineral Development Corporation Ltd.(up 0.88%), Coal India Ltd.(up 0.71%), KIOCL Ltd.(up 0.36%), Lexus Granito(India)Ltd.(up 0.32%) and MOIL Ltd.(up 0.32%) stood among the top gainers.

Shares of Raymond Ltd.(up 3.51 per cent), DLF Ltd.(up 0.85 per cent), Macrotech Developers Ltd.(up 0.68 per cent), Godrej Properties Ltd.(up 0.48 per cent) and Phoenix Mills Ltd.(up 0.24 per cent) ended the day as top gainers in the pack.

The NSE Nifty index ended the session 31.75 points up at 24641.8, while BSE Sensex 16.09 points to 81526.14.

Shares of Hero MotoCorp Ltd.(up 1.36 per cent), Bharat Forge Ltd.(up 1.34 per cent), Ashok Leyland Ltd.(up 0.97 per cent), Bosch Ltd.(up 0.81 per cent) and Exide Industries Ltd.(up 0.74 per cent) ended the day as top gainers in the pack.

Khaitan Chemicals & Fertilizers Ltd.(up 0.90%), Gujarat State Fertilizer & Chemicals Ltd.(up 0.86%), Krishana Phoschem Ltd.(up 0.64%), National Fertilizers Ltd.(up 0.56%), The Fertilisers and Chemicals Travancore Ltd.(up 0.43%), Rashtriya Chemicals & Fertilizers Ltd.(up 0.41%) and Madhya Bharat Agro Products Ltd.(up 0.11%) stood among the top gainers.

Delhi consumer court fined Emami Ltd Rs 15 lakh for deceptive advertising of its Fair and Handsome cream. A man complained the product didn't deliver the promised skin-lightening effect despite using it as directed. He bought the cream in 2013 for Rs 79. The Central Delhi District Consumer Dispute Redressal Commission ruled against Emami on December 9. The forum stated the complainant used the cream according to the instructions: “apply on face and neck twice daily after cleansing for faster glowing fairness.” However, he saw no improvement. Emami argued the complainant didn't prove he used the cream correctly. The forum said there was no evidence to show whether his skin tone changed. The company also claimed factors like diet, exercise, and hygiene affect results. The forum pointed out these conditions weren't on the product packaging. The forum said, “Such robust conditions are not mentioned on the packaging and labelling of the product.” Emami also stated the product was meant for men aged 16-35 who aren't sick, without defining “sick” or including this information on the packaging.

Avenue Supermarts Ltd. traded 2.71 per cent in Wednesday's trade at 02:09PM (IST). Around 26,993 shares changed hands on the counter. The counter opened at Rs 3700.00 and touched an intraday high and low of Rs 3760.80 and Rs 3673.00, respectively, in the session so far. Shares of the company of Avenue Supermarts Ltd. quoted a 52-week high of Rs 5484.00 and a 52-week low of Rs 3567.35.

foreign institutional investors (FIIs) are taking reverse steps to buy back more than what they sold last month. As against the $2.5 billion sell-off seen in November, FIIs have already bought Indian stocks worth around $3 billion in the first 10 days of the December month. As a result, the Nifty is already up around 2% this month with bulls betting that the momentum could turn into a strong Santa rally and take the market to new record peaks in the next few weeks before the Budget.

«But now, for the first half of this year, earning growth has been slightly muted in mid-single digit and that is expected to remain that way at least for the next one to two quarters. So, to that extent, one has to moderate the return expectations going into next year,» says Dikshit Mittal, Senior Fund Manager-Equity, LIC MF. What do you make of the markets right now and there is debate which is underway whether 2025 is going to be a great year for the Indian equities or is it going to be a year of trimmed in very moderate single digit kind of gains? What is your estimate? Dikshit Mittal: Last two-three years returns have been very, very strong. In fact, compounded returns have been in high teens. So, to that extent, coming into next year, one has to moderate the return expectation. So, we cannot expect the same kind of returns we have generated last year.

Subscribe to enjoy similar stories. Amid the recent maelstrom of political news was an important development for the future of technology-enabled public money.

Subscribe to enjoy similar stories. US President Harry S. Truman once famously asked for a “one-handed economist" because he was tired of economists who, instead of giving decisive answers, would say, “On the one hand, this, and on the other hand, that." As 2024 ends, we can see why that’s so.

Tata Elxsi Ltd. 0.62 per cent to Rs 7356.90 at 01:43PM (IST) in Wednesday's trade. The counter hit a high of Rs 7413.00 and low of Rs 7328.00 so far during the session. The stock had closed at Rs 7403.00 in the previous session. The counter had a total traded volume of 01:43PM shares so far with a turnover of Rs 2.72 crore on BSE. The stock traded at a price-to-earnings multiple of 56.01 and a price-to-book ratio of 19.34.

MphasiS Ltd. 0.85 per cent to Rs 3156.00 in Wednesday's trade as of 01:53PM (IST) even as the benchmark Nifty ruled at 24662.4, 52.36 points. The scrip had closed at Rs 3183.20 in the previous session. The stock quoted a 52-week low of Rs 2180.05 and a high of Rs 3200.00. The company quoted a market-cap of Rs 59743.16 crore on the BSE.

Bajaj Holdings & Investment Ltd. traded 0.7 per cent in Wednesday's trade at 01:58PM (IST). Around 2,272 shares changed hands on the counter. The scrip opened at Rs 11304.35 and touched an intraday high and low of Rs 11515.10 and Rs 11033.10, respectively, in the session so far. The stock of Bajaj Holdings & Investment Ltd. quoted a 52-week high of Rs 11515.10 and a 52-week low of Rs 7631.10.

IPO) of the digital payments platform Sai Life Sciences will open for public subscription today, and will close on December 13. The Rs 3,042 crore issue includes a fresh issue of 1.73 crore shares, aggregating to Rs 950 crore and an OFS of 3.81 crore shares. The company said that it would use the proceeds from its IPO to repay its debts and for general corporate purposes.

SME IPO of Supreme Facility Management opened for subscription earlier today and will close on December 13. The company aims to raise Rs 50 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.

«There is no doubt again some amount of tightness in the market in terms of employability in IT, but you have to keep in mind the statement like Mr Sundar Pichai's that says that 25% of the coding is now being done by the AI that they have developed,» says Anand Tandon, Independent Analyst Let us begin by discussing the IT pack itself. This morning, HSBC was talking about how there is an expectation of a recovery in terms of spends going forward. What is your take? Is this a sector which can provide that outperformance or is it going to be that 8% to 15% kind of growth and one is not sure whether they want to pay a multiple of 30 times for that? Anand Tandon: If they deliver 15% growth, it will be fantastic. Most companies are still looking at single digit, maybe just about double-digit kind of growth numbers, and there is nothing that I see on the horizon which predicts that there will be a sharp increase. The IT outlook in the US may have improved, but it is not necessarily for IT services business as such.

Sunil Subramaniam, Market Expert, says if a fund manager is getting, let us say, Rs 1,000 crore per month as SIP, he knows for the next 12 months, he can plan his purchases and so he tracks a good quality stock. He continuously keeps buying it because he is assured of the flow for a long time. The consistency of the SIP book gives a lot of comfort to fund managers also as they can acquire stocks steadily. In effect, fund managers are themselves doing an SIP in the stock market. Subramaniam also says that Rs 25,000 crore is just the tip of the iceberg. He would not be surprised if this doubles to Rs 50,000 crore in a year's time because the penetration of mutual funds in India is still in single digits in our 144 crore population. SIP inflows are near record high levels; equity inflows are at three-month high levels, coming in at near Rs 36,000 crore marks. How should one read into this data because in November, we saw real divergent moves in markets? Sunil Subramaniam: This indicates the maturity of the domestic investor, especially the ones using mutual funds as a vehicle and using distributors to advise them.