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Commenting on the day's action, Rupak De, Senior Technical Analyst at LKP Securities said Nifty traded sideways throughout the day as traders stayed on the sidelines. In the short term, the trend is likely to remain that way due to the absence of any major events this week, he opined. «Technically, Nifty has initial support around 24,470. A break below this level could trigger a correction of 200-250 points. On the higher end, the 24,700-24,750 zone is expected to act as a resistance,» De said.

Torrent Power, one of the largest private utility companies in the country, has raised ₹3,500 crore through qualified institutional placement (QIP), the company said on Monday. This is the first equity raise by the company and also the first in the last three decades by Torrent Group.

Agro Tech Foods' Rs 1,300- crore acquisition of Del Monte Foods is likely to trigger an open offer as the new shareholders' equity capital will surpass the stock held by the existing promoters, potentially altering the company's control dynamics, market experts said. Agro Tech Foods announced the acquisition of a 100% stake in Del Monte Foods last month. It will buy a 40.71% stake from DMPL India and the remaining 59.29% from Bharti Entities. As part of the deal, Agro Tech Foods will issue a total of 13.3 million shares on a preferential basis.

MicroStrategy (MSTR) bought more bitcoin (BTCUSD) last week, for the fifth week in a row.

Proximate causes for the slowdown are on the demand side. For several quarters now, growth in private consumption, the biggest component of GDP, has been sluggish. Private investment, the most important driver of GDP, hasn't taken off. Exports have done reasonably well, but are unlikely to be a major engine given the global context of slowdown and trade aversion in the advanced economies. Essentially, the economy was being driven by public investment, which has been pared back a little in the interest of fiscal consolidation. Was that a mistake? No. The public investment-led strategy has been in place for a few years now. It became the prime driver of growth when the banking and corporate sectors were under stress after a period of excess in the late 2000s-early 2010s. Banks needed time to reduce NPAs. Corporate balance sheets had to be deleveraged. That process is complete. The 'shock' effects of Covid and outbreak of the Russia-Ukraine war have also abated.

Shares of Nvidia slid early Monday after China said it is investigating the high-flying U.S. microchip company over suspected violations of Chinese anti-monopoly laws

Omnicom is buying Interpublic Group in a stock-for-stock deal that will create an advertising powerhouse with combined annual revenue of almost $26 billion

Activist investor Barington Capital Group is calling on department store retailer Macy’s to develop an internal real estate subsidiary, reduce capital expenditures, and explore strategic options for its Bloomingdale’s and Bluemercury chains among other...

benchmark indices ended in red for the second session in a row dragged by FMCG and auto stocks. While the S&P BSE Sensex settled at 81,508.46, down by 200.66 or 0.25%, the broader Nifty50 closed at 24,619, lower by 58.80 or 0.24%. Commenting on the day's action, Dr. Praveen Dwarakanath, Vice President of Hedged.in, said that momentum indicators continue to show bullishness in the Nifty index despite remaining closer to the overbought levels. «Nifty is consolidating near its resistance level of 24,850. The last two days have shown an insider candle for the index, indicating it has lost momentum. The index trades above the 50-day moving average, indicating that bullishness could continue. Options writer's data for the monthly expiry showed increased writing of the calls and puts at the 24,700 level, indicating a range-bound move in the index,» Dwarakanath said.

Simbhaoli Sugars Ltd.(up 1.11%), Shree Renuka Sugars Ltd.(up 0.89%), Dhampur Sugar Mills Ltd.(up 0.66%), Rajshree Sugars & Chemicals Ltd.(up 0.61%), Rana Sugars Ltd.(up 0.55%), Bajaj Hindusthan Sugar Ltd.(up 0.45%), Uttam Sugar Mills Ltd.(up 0.34%), DCM Shriram Industries Ltd.(up 0.22%), KM Sugar Mills Ltd.(up 0.12%) and Ponni Sugars(Erode)Ltd.(up 0.10%) stood among the top gainers.

Shares of Natco Pharma Ltd.(up 2.48 per cent), Mankind Pharma Ltd.(up 2.05 per cent), J B Chemicals & Pharmaceuticals Ltd.(up 1.07 per cent), Granules India Ltd.(up 0.78 per cent) and Abbott India Ltd.(up 0.27 per cent) ended the day as top gainers in the pack.

Comprehensive Economic Cooperation Agreement (CECA), the government said Monday. The two sides discussed critical areas of the proposed agreement, including trade in goods, services, mobility, agri-tech cooperation, among others during a three-day stocktake meeting held from December 4-6. “The discussions also centred on market access modalities that align with India’s food security objectives,” the commerce and industry ministry department said in a statement.

The NSE Nifty index ended the session 58.8 points down at 24619.0, while BSE Sensex 200.66 points to 81508.46.

Bohra Industries Ltd.(up 3.51%), Krishana Phoschem Ltd.(up 0.99%), Agro Phos India Ltd.(up 0.68%), Zuari Agro Chemicals Ltd.(up 0.61%), Coromandel International Ltd.(up 0.42%) and Nagarjuna Fertilizers and Chemicals Ltd.(up 0.10%) stood among the top gainers.

Benchmark NSE Nifty closed 58.8 points down at 24619.0 amid selling in frontline bluechip counters.

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, Indo Asia Fin(20.00%), The Phosphate Co.(20.00%), Sundaram Brake(20.00%), Indo Us Bio-Tech(19.99%), Orbit Exports(19.99%), Ind Swift Ltd(19.99%), Rajdarshan Ind(19.98%), Apoorva Leasing Finance(19.98%), Mahalaxmi Rub(19.98%) and AdityaBirlaMoney(19.97%).

Subscribe to enjoy similar stories. Many retailers came through relatively unscathed by Donald Trump’s tariffs imposed starting in 2018. This time around, though, tariffs have the potential to bite more.

These high-performing stocks that rallied more than 10% during the session included, Lambodhara Text(14.92%), ITI Ltd(14.84%), Captain Polyplast(14.29%), Sibar Auto Parts(14.26%), Umang Dairies(14.03%), Integra Capital(13.57%), HKG Ltd(13.45%), Indo Count Ind(13.41%), Shiva Mills(13.10%) and IST Ltd(13.07%).

Shares of Balkrishna Industries Ltd.(up 1.83 per cent), Apollo Tyres Ltd.(up 1.35 per cent), MRF Ltd.(up 1.17 per cent), Exide Industries Ltd.(up 0.93 per cent) and Bharat Forge Ltd.(up 0.65 per cent) ended the day as top gainers in the pack.

Madhav Marbles & Granites Ltd.(up 3.08%), Ashapura Minechem Ltd.(up 2.34%), Pokarna Ltd.(up 2.00%), NMDC Ltd.(up 1.21%), Sandur Manganese & Iron Ores Ltd.(up 1.00%) and KIOCL Ltd.(up 0.75%) stood among the top gainers.

textile stocks on Monday which shot up 14% in the intraday trade. The stocks rose on expectations of manufacturing orders shifting to India. The eastern neighbour’s fallout with Punjab-based Trident took the lead. Trident shares on Monday ended at Rs 38.04, up by 10.4% while Himatsingka settled at Rs 211, gaining over 8%. Meanwhile, Welspun Living and Gokaldas Exports shares finished at Rs 1,035 and Rs 173.60, respectively surging by 6.5% and 5.7%.