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IndusInd Bank Ltd.(up 1.32 per cent), Au Small Finance Bank Ltd.(up 0.67 per cent), ICICI Bank Ltd.(up 0.65 per cent), Axis Bank Ltd.(up 0.39 per cent) and Federal Bank Ltd.(up 0.08 per cent) were among the top gainers.

«I would say that the broader trend for the market still looks up because one would believe that the slowdown what we are seeing is temporary cyclical slowdown, to some extent impacted because of the government spending in the first half has been weaker because of elections and it took time for the ministries to be formed so that is now gaining momentum,» says Mahesh Patil, CIO, Aditya Birla Sun Life AMC. It has been pretty much more of the same, this phase of consolidation that is kicking in. Do you believe that the undertone of the market is still looking bullish and that, yes, there may be speed bumps along the way, but by and large, we are okay? Mahesh Patil: We have seen the momentum clearly has kind of broken down what we saw earlier. And not only the market it is more to do with the earnings momentum. So, the strong earnings growth what we saw in the last three years until FY24, so that in the last two quarters has kind of slowed down and for the first time we have seen downgrades to earnings after the second quarter and the first quarter numbers. So, clearly there is some bit of a slowdown and that is leading to a sluggishness or even for the matter we have seen that the market breadth also has weakened quite a bit. Now that is kind of coming back.

Subscribe to enjoy similar stories. Two key pieces of economic data released last month have rung alarm bells on the state of India’s economy. The first was on retail inflation, which breached the 6% upper tolerance limit in October, climbing to 6.21%, the highest since August 2023.

MphasiS Ltd. 1.25 per cent to Rs 3221.15 in Thursday's trade as of 10:25AM (IST). The stock hit a high price of Rs 3239.55 and low of Rs 3200.00 during the session. The return on equity (ROE) for the stock stood at 17.67 per cent. Traded volume on the counter stood at 10:25AM shares and turnover at Rs 1.58 crore around that time. The stock of MphasiS Ltd. quoted a 52-week high price of Rs 3239.55 and 52-week low prices of Rs 2180.05, respectively.

Marico Ltd. 1.27 per cent to Rs 640.80 at 10:14AM hours (IST) on Thursday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 21,198 shares with a turnover of Rs 1.36 crore till 10:14AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 52.29, while the price-to-book value ratio stood at 16.73.

Info Edge (India) Ltd. traded 2.72 per cent in Thursday's session at 09:59AM (IST). The stock opened at Rs 8600.00 and has touched an intraday high and low of Rs 8776.00 and Rs 8600.00, respectively, during the session so far. The stock quoted a 52-week high of Rs 8776.00 and a 52-week low of 4703.30. About 1,620 shares changed hands on the counter so far.

LTIMindtree Ltd. 1.87 per cent to Rs 6723.45 at 10:09AM (IST) in Thursday's trade. The stock hit a high of Rs 6727.80 and low of Rs 6610.05 so far during the session. The stock had closed at Rs 6599.45 in the previous session. The counter had a total traded volume of 10:09AM shares so far with a turnover of Rs 4.61 crore on BSE. The stock traded at a price-to-earnings multiple of 42.65 and a price-to-book ratio of 7.30.

Subscribe to enjoy similar stories. On Wednesday, 11 December, the market faced significant challenges after nearing the 25,000 mark. Global factors, particularly the aftermath of the US elections, dampened bullish sentiment, triggering a pullback.

Subscribe to enjoy similar stories. The Nifty50 continued to consolidate around its 50- and 100-day moving average (DMA) and traded in a narrow range for a fourth consecutive day. On Wednesday the index ended 0.13% higher in a lackluster trading session and formed a doji candle with a higher-high and higher-low price structure, indicating indecisiveness among buyers and sellers.

green trucker jacket resembling the one worn by the alleged UnitedHealthcare CEO shooter, Luigi Mangione, has become highly sought after. Social media attention has driven its popularity, leading to high sales.

Here’s the Bank of Canada’s official statement for its rate decision:

mutual fund industry, Zerodha Founder and CEO Nithin Kamath said as he lamented inadequate number of Registered Investment Advisors (RIAs) and Mutual Fund Distributors (MFDs). While Zerodha offers direct plans, the entrepreneur acknowledged the role of MFDs in taking the industry forward and went on to recommend it as a «good career option». «Despite all the interest in the stock market after COVID, there are still only 5 crore unique mutual fund investors. I've said this earlier as well—one of the biggest challenges for the Indian markets is the lack of an advisory ecosystem with just about 900 RIAs,» Kamath tweeted.

Nifty broke its three-session losing streak and settled at 24,641.80, gaining by 31.75 points or 0.13%. Meanwhile, the 30-stock S&P BSE Sensex finished flat at 81,526.14, rising by just 16 points. Bank stocks dragged the index despite buying trends in IT, auto and FMCG stocks. Nifty formed another doji candle well within the range of the last five day's candles, indicating indecisiveness in the index, Dr. Praveen Dwarakanath, Vice President of Hedged.in said, commenting on the day's action.

Bengaluru Rising report, released by the UnboxingBLR Foundation during the Bengaluru Tech Summit, highlighted the city’s economic growth, lifestyle advantages and global appeal. Bengaluru has positioned itself as an economic powerhouse, ranking third in company formations after Mumbai and Delhi, with over 27,000 new companies registered between 2012 and 2023. It has also added 80 million square feet of Grade A office space, generating 800,000 jobs—the highest among Indian cities. In the startup ecosystem, Bengaluru remains unmatched. On average, the city has seen 1,400 startups emerge annually over the last decade, trailing only Delhi NCR’s 2,100 yearly average. It also leads the nation in startup funding and the creation of unicorns, reinforcing its reputation as India’s entrepreneurial hub in addition to being its own Silicon Valley. But it seems Bengaluru is getting saturated with its phenomenal growth. Though it may seem nearly impossible to build another Bengaluru in India, a lot of mini Bengalurus can sprout across the country in coming years.

Subscribe to enjoy similar stories. No harsh contours, no strong lip lines or sharp eye shadows—it seems the celebrity bride of 2024 followed the “very demure, very mindful" trend when it came to make-up looks. Whether it was Aditi Rao Hydari, Sonakshi Sinha, Rakul Preet Singh, Shobita Dhulipala, Shweta Kapur or Radhika Merchant, many A-listers who got married this year went for a soft, ethereal make-up look.

buying and selling in select heavyweight stocks. Stocks that were in focus include names like Greaves Cotton, which rose 18% and Mishtann Foods, which fell 9% and BEL, whose shares jumped 0.064% on Tuesday.

Remember what you searched for in 2024

Securities and Exchange Board of India (Sebi) has expanded the list of stocks for the same day settlement in the equity cash market to the top 500 scrips by market capitalisation. In March, the regulator had introduced the beta version of T+0 (same day) settlement cycle on optional basis in addition to the existing T+1 settlement cycle in equity cash market, for a limited set of 25 scrips and with a limited number of brokers. To begin with, it was available only to non-custodian clients.

Nifty IT Index hit an all-time high on Tuesday after brokerage HSBC said that it expects growth to rise to 6-7% in FY26 — from 3-4% in the past two years — led by a recovery in the US market. The IT index gained 0.8% and closed at record levels while the benchmark Nifty closed marginally lower. LTI Mindtree and Mphasis gained 3% and 2.4% respectively. Persistent Systems, HCL Technologies, Wipro and Infosys advanced over 1% each. Out of the 10 stocks in the IT Index, 8 advanced while 2 declined on Tuesday.

Reserve Bank of India (RBI) governors have, in the past, acted according to the prevailing economic conditions and the monetary policy objectives in their first policy review. Y V Reddy and Duvvuri Subbarao had kept policy rates unchanged in their first policy review, while Urjit Patel and Shaktikanta Das had reduced rates in their first policy actions.

transaction growth, and business changes, according to a Sebi circular. Also, they have been asked to submit methodology details to Sebi within three months after approval from the Standing Committee on Technology (SCOT) and the Governing Board.