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Indian Hotels Company Ltd. traded 0.56 per cent in Friday's trade at 11:15AM (IST). Around 40,183 shares changed hands on the counter. The counter opened at Rs 817.65 and touched an intraday high and low of Rs 826.35 and Rs 816.90, respectively, in the session so far. The stock of Indian Hotels Company Ltd. quoted a 52-week high of Rs 826.35 and a 52-week low of Rs 416.15.

«So, maybe there are some quarters of the market which believe that there will be a rate cut and so all the interest rate sensitives, whether industrials, banks, financial services, consumer discretionary, these are also moving up. And we also believe that an repo rate cut is actually essential to boost up both corporate India and the economy,» says Chakri Lokapriya, Managing Partner, RSB LLP. The FIIs definitely are back with a vengeance, although the DIIs have been selling of late. But that aside, what is it that you are making of the market move of late? And does it seem like that aberration that we had in the month of September and October, that is way behind us? Chakri Lokapriya: The market had corrected a good 10% and that also reflects in the slower GDP growth, that means the economy is slowing down. So, there is all expectations aside, I think the need of the hour is not just a liquidity boost of CRR cut, but also a repo rate cut. So, maybe there are some quarters of the market which believe that there will be a rate cut and so all the interest rate sensitives, whether industrials, banks, financial services, consumer discretionary, these are also moving up. And we also believe that an repo rate cut is actually essential to boost up both corporate India and the economy.

Canara Bank(up 1.96 per cent), Bank of Baroda(up 1.91 per cent), Axis Bank Ltd.(up 1.68 per cent), Punjab National Bank(up 1.57 per cent) and IDFC First Bank Ltd.(up 0.61 per cent) were among the top gainers.

cryptocurrency entrepreneur and founder of the blockchain platform Tron, Justin Sun— with a net worth of at least $1.4 billion— has spent $6.2 million on Maurizio Cattelan’s viral artwork «Comedian»—a banana duct-taped to a wall— amid a historic boom for digital assets. The high-profile purchase underscores how crypto wealth is reshaping investment trends and cultural value. The conceptual work created by the Italian artist was sold at an auction in New York on November 20, with Justin Sun comparing that conceptual art to NFT (non-fungible token) art and decentralised blockchain technology, The Guardian had reported.

The UN trade and development agency UNCTAD said global exchanges of goods and services are expected to reach a record level of nearly $33 trillion in 2024. «This $1 trillion increase, reflecting 3.3 percent annual growth, highlights resilience in global trade despite persistent challenges,» the UN agency said in a statement.

Bank of Japan is staying guarded on the timing of the next rate hike with December hardly a done deal given soft consumption, its governor's cautious decision-making style and anxiety over U.S. economic policy in a second Trump presidency. BOJ Governor Kazuo Ueda signalled that December will be a live meeting in an interview with the Nikkei newspaper last week, when he said another rate hike was approaching.

buy call on Indian Renewable Energy Development Agency (IREDA) with a target price of Rs 265. The current market price of IREDA is Rs 222.75. Indian Renewable Energy Development Agency, incorporated in 1987, is a Small Cap company with a market cap of Rs 60044.66 crore, operating in Term Lending Institutions sector. IREDA's key Products/Revenue Segments include Interest, Other Operating Revenue, Fees & Commission Income and Income From Sale Of Share & Securities for the year ending 31-Mar-2023.

Debt-laden telecom company Vodafone Idea is in the spotlight after announcing that its board will consider a proposal to raise Rs 2,000 crore from Vodafone Group entities. This comes as Vodafone Group plans to sell a 3% stake in Indus Towers to clear its USD 101 million (approximately Rs 856 crore) debt and channel the remaining proceeds toward its Indian venture, Vodafone Idea. "… a meeting of the Board of Directors of the Company is scheduled to be held on Monday, 9 December 2024, inter-alia, to consider proposal for raising of funds not exceeding Rs 2,000 crore, by way of issuance of equity shares and / or convertible securities on a preferential basis to one or more entities belonging to Vodafone Group," the company said in a filing.

buy call on EPACK Durables Ltd. with a target price of Rs 575. The current market price of EPACK Durables is Rs 435. The time period given by analyst is year when EPACK Durables Ltd. price can reach defined target. EPACK Durables, incorporated in 2019, is a Small Cap company with a market cap of Rs 4223.54 crore, operating in General sector. EPACK Durables' key Products/Revenue Segments include Electrical Consumer Durables, Other Operating Revenue, Scrap and Export Incentives for the year ending 31-Mar-2024.

Foreign institutional investors (FIIs), who started fleeing India after Nifty hit record high in September-end, are now on a course correction path. After selling Indian stocks worth Rs 116,437 crore in the one-and-a-half month period beginning October, FIIs ended up being buyers to the tune of Rs 809 crore last fortnight. December month saw acceleration in the pace of buying as FIIs have pumped in around Rs 23,500 crore so far in the month.

Indian market is likely to consolidate on Friday tracking mixed global cues. The Nifty future closed positive with gains of 0.87% at 24,775 levels on Thursday.

buy call on Bharat Electronics with a target price of Rs 350. The current market price of Bharat Electronics Ltd. is Rs 313.7. Bharat Electronics, incorporated in 1954, is a Large Cap company with a market cap of Rs 229380.86 crore, operating in the Defence sector. Bharat Electronics' key products/revenue segments include Electronic Components & Equipments, Sale of services, Other Operating Revenue, Scrap and Rent for the year ending 31-Mar-2024.

NSE SME platform on Friday. Ahead of the listing, the company's shares were trading with a GMP of Rs 78 in the grey market. Considering the upper price band of Rs 83, the stock is likely to see a maximum premium of 90% over the issue price.

Rajat Sharma, Founder & CEO, Sana Securities, says he is fairly positive on the market, sticking to largecaps. The names that he has already suggested many times like Infosys and ITC and HUL are the stocks that he is buying more of. They have added a few smaller companies. Sharma also says that in pharma, he continues to like Laurus Labs and in power, he is betting on Tata Power, He is also adding ITC and Tata Motors, How are you feeling about the market? Are any opportunities popping up? Rajat Sharma: There are always opportunities. Yesterday has been a very, very crazy day. The markets were flattish to negative. Then, at one point, Nifty was some 300 points up. After some more volatility, the Nifty closed 240 points up. That said, I do not track markets intraday. But it is an unusual day. I think traders could answer that better.

Ola Electric shares will be in focus on Friday after the Central Consumer Protection Authority (CCPA) requested additional documents and information from the electric two-wheeler manufacturer in connection with a previously issued show cause notice. The communication, sent via email on December 4, gives the company 15 days to submit its response, Ola Electric said in a filing with stock exchange Thursday.

share allotment of Property Share REIT IPO is likely to be finalised later today. Investors will get shares on a lottery basis and the whole process was supervised by the registrar. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made. They can check the allotment status through the BSE or by visiting the registrar's website. Here's how you can check the status on BSE or even on the registrar's website.

Subscribe to enjoy similar stories. Nifty 50, India's benchmark stock market index, sustained its positive momentum for the fifth consecutive session. On 5 December, Thursday, the index opened with a gap-up and formed a bullish candle on the charts.

Subscribe to enjoy similar stories. Once a budget brand, this company is now focusing on premiumization. It's also expanding its store network and e-commerce presence.

Mishtann Foods, Canara Bank, Nykaa, Ola Electric, Dr Reddy's among others will be in focus due to various news developments. Mishtann Foods Capital markets regulator Sebi has directed Mishtann Foods to bring back nearly Rs 100 crore, an amount the company allegedly misappropriated through dubious transactions with related parties.

While Markets could start on a volatile note on Friday morning, analysts expect the uptrend to continue.

Asian equities tracked a drop in US shares ahead of jobs data that may help shape the direction of the Federal Reserve’s policy path later this month. Equities in Japan, Australia and futures in Hong Kong all fell, taking cues from the downbeat mood on Wall Street. The S&P 500 dropped 0.2% and the tech-heavy Nasdaq 100 slipped 0.3%, their first declines in five sessions.