Trends Financial News

₹840.25-crore worth DAM Capital Advisors IPO is entirely an offer for sale (OFS) of 2.97 crore shares. DAM Capital Advisors IPO price band is set at ₹269 to ₹283 per share. DAM Capital Advisors IPO GMP today is also showing a positive trend for the stock led by strong demand.

Subscribe to enjoy similar stories. Earlier this month, a manager shared a screenshot on social media, showing how one of his Gen Z team members took leave without mentioning the pretext. The email addressed to him read, “Hi Siddharth, will be on leave until 8th November 2024.

cargo handling this year. V O Chidambaranar Port has handled a cargo volume of 29.70 million tonnes including 5.62 lakh TEUs of containers till December 19, 2024 this is an overall growth of 1.87 per cent and 6.74 per cent, respectively. «With the ever-increasing trend in cargo handling, the Port has initiated several strategic capacity augmentation and cargo evacuation initiatives to increase cargo throughput, enhance handling efficiency and expand its market share in the region,» a press release said on Sunday.

Indian equities this week, with a net withdrawal of Rs 976 crore amid a strengthening US dollar and steady rise in US 10-year bond yields, impacting investor sentiment. Foreign Portfolio Investors (FPIs) began the week on a positive note, investing Rs 3,126 crore in equities during the first two trading sessions (December 16-20). However, the trend reversed in the latter half of the week, with FPIs offloading equities worth over Rs 4,102 crore in the subsequent three sessions. This resulted in an overall net outflow of Rs 976 crore during the week, data from National Securities Depository Limited showed.

bearish trend in equities, where Tata Consultancy Services and Reliance Industries faced the sharpest erosion. Last week, the BSE benchmark tanked 4,091.53 points or 4.98 per cent. «The Indian equity market recorded its steepest weekly decline since June 2022, with the Nifty losing 4.77 per cent. The week began with the US Federal Reserve's announcement, which significantly altered market sentiment.

Custom AI: Tailored intelligence for strategic impact Custom AI will emerge as a transformative force in 2025, allowing organisations to design AI solutions tailored to their specific needs. By leveraging domain-specific data and advanced model customisation, businesses can develop AI applications that address unique challenges — from personalised customer experiences to industry-specific innovations.

2024 has been a landmark year for the yellow metal, with Comex gold soaring over 40% from its yearly lows while MCX gold mirroring this trend and climbing by more than 25% year-to-date, driven by strong physical demand, Kaynat Chainwala, AVP-Commodity Research at Kotak Securities. While President-elect Donald Trump's tariff and tax cut policies remain a challenge, gold's role as a hedge against inflation, political instability, and economic uncertainty positions it well for the coming year, she adds. Edited excerpts:

Motilal Oswal Financial Services, which sees consolidation in the first six months while a recovery in the next. The brokerage remains upbeat on the prospects of these 10 stocks viz. ICICI Bank, HCL Technologies, Larsen & Toubro (L&T), Zomato, Nippon Life India Asset Management, Mankind Pharma, Lemon Tree, Polycab, Macrotech Developers, Syrma SGS — calling them as top bets of next year. “The year 2025 could unfold as a tale of two halves. The first half may continue to see market consolidation, while a recovery could take place in the second half. Indian markets are likely to face significant influences from a combination of global and domestic economic events. The anticipated rate cut by the RBI in February 2025, the ongoing trend of US rate cuts, and the expectations surrounding trade policy changes post Donald Trump taking over as US President in Jan’25 will contribute to market volatility.

The Center for Immigration Studies’ Todd Bensman discusses the cost of illegal immigration on ‘The Bottom Line’ as the issue takes center stage in the congressional budget battle.

Nitin Gadkari has expressed strong opposition to live-in relationships and same-sex marriages, calling both “wrong” and stating they could destabilize society. In a recent YouTube podcast, Gadkari said that same-sex marriages would «collapse the social structure» and warned that their legalization could lead to the acceptance of other controversial practices. «Same-sex marriage would lead to the collapse of the social structure,» Gadkari said, adding that if such marriages were allowed, it could pave the way for future governments to consider enabling men to have multiple wives. «Both live-in relationships and same-sex marriages are inappropriate,» he added. Gadkari also shared insights from his visit to the British Parliament, where he said he asked UK leaders about the key challenges facing their country. He recalled that they identified a major issue as the growing trend of young men and women in European nations opting for live-in relationships instead of marriage. In the podcast, Gadkari stressed the importance of balancing the sex ratio and emphasized that married couples should have children to ensure societal stability. “If the sex ratio reaches a point where there are 1,500 women and only 1,000 men, we may have to allow men to have two wives,” he said.

Bank of Baroda traded 0.92 per cent at Rs 245.95 at 01:07PM (IST) on Friday, even as BSE benchmark Sensex 787.06 points to 78430.99. The stock had closed at Rs 248.25 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 298.45 and Rs 214.85, respectively.

Avenue Supermarts Ltd. rose 0.16 per cent to Rs 3493.90 in Friday's trade. It hit an intraday high of Rs 3513.90 and low of Rs 3470.00, respectively, during the day. The stock quoted a 52-week high price of Rs 5484.00 and low of Rs 3458.00.

PI Industries Ltd. traded at Rs 3858.00 on BSE at 12:20PM (IST) on Friday, 0.44 per cent from previous close. The stock quoted a 52-week low price of Rs 3060.00 and a high of Rs 4801.40.

«2025, the key is that what sort of revival we see in the auto sector. This year has been very turbulent, like initially there were good demand trend, then inventory got built up, festival season was fine, but post festival season again the growth concerns are there. The inflationary concerns in the minds of the consumers has held back consumption across various sectors and on top of that liquidity and interest rates have been higher,» says Sandip Sabharwal, asksandipsabharwal.com. We were just chatting yesterday about Asian Paints and how you think actually maybe it could bottom out in the year ahead. But that is not the case. I can even see names like IndusInd Bank, Nestle, Tata Consumer. We know your thoughts on FMCG, but what about banks? Do you think that the underperformers, like a case in point being IndusInd Bank, Bandhan, etc, even IDFC, and it is a long list, AU Small Finance Bank as well added in there, could they actually play catch up? Sandip Sabharwal: If we look at the internals of the banking stocks, especially the smaller ones, then what we need to see is that how the asset quality buildup is there, what have been the growth drivers in the past, how margins will get impacted for them, etc, and what the managements have historically said and what they have been able to deliver.

Voltas Ltd. 0.88 per cent to Rs 1724.00 in Friday's trade. It hit a high of Rs 1751.75 and low of Rs 1719.00 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 1538.21, while the 50-DMA was at Rs 1737.93. 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.

Havells India Ltd. 0.03 per cent to Rs 1695.75 in Friday's trade. It hit a high of Rs 1713.10 and low of Rs 1687.00 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 1765.13, while the 50-DMA was at Rs 1725.44. 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.

HDFC Asset Management Company Ltd. 0.25 per cent to Rs 4380.00 in Friday's trade as of 11:23AM (IST). The stock hit a high price of Rs 4431.00 and low of Rs 4375.00 during the session.

Indian Oil Corporation Ltd. traded at Rs 141.10 on BSE at 11:18AM (IST) on Friday, 1.03 per cent from previous close. The stock quoted a 52-week low price of Rs 117.25 and a high of Rs 196.80.

Cholamandalam Investment & Finance Company Ltd. 0.35 per cent to Rs 1217.80 at 10:20AM (IST) in Friday's trade. The scrip hit a high of Rs 1228.50 and low of Rs 1209.30 so far during the session. The stock had closed at Rs 1213.45 in the previous session. The counter had a total traded volume of 10:20AM shares so far with a turnover of Rs 0.63 crore on BSE. The stock traded at a price-to-earnings multiple of 26.50 and a price-to-book ratio of 4.96.

Au Small Finance Bank Ltd. 0.91 per cent to Rs 553.75 in Friday's trade as of 10:15AM (IST). The stock hit a high price of Rs 557.40 and low of Rs 548.75 during the session. The return on equity (ROE) for the stock stood at 12.28 per cent. Traded volume on the counter stood at 10:15AM shares and turnover at Rs 0.79 crore around that time. The stock of Au Small Finance Bank Ltd. quoted a 52-week high price of Rs 813.00 and 52-week low prices of Rs 540.90, respectively.

Sandip Sabharwal, asksandipsabharwal.com, says the valuation derating for HDFC Bank seems to be more or less through. If going forward from next year, they come back to the credit growth trends which they had historically, then there is a realistic possibility that HDFC Bank should do well. Reliance is down almost 30% from the top and there is a realistic possibility it could outperform next year. This is how the last part of 2024 is going to pan out I guess because a whole lot of cues have dried up. The FII volumes as well have abated and it is going to be very minuscule up until January when the earning season kicks off. Then there will be the budget and it is going to be a hectic calendar year henceforth. Sandip Sabharwal: Although trading activity ebbs going into the end of December, the markets move have been there historically and that is still possible. But overall there is a greater possibility that given the lack of cues per se in terms of any significant policy decision or any significant news flow coming in or likely to come in over the next couple of weeks, the probability that after this initial sell-off driven by US Fed action or the projection they have given for the year 2025, we should see the markets become range-bound without any significant dip or up move.