UPS Financial News

U.S. stock indexes drifted lower following some potentially discouraging data on the economy

A quarterly survey by Japan's central bank shows business sentiment among manufacturers has improved slightly, especially in major heavy industries such as automaking, fossil fuels and machinery

Asian shares have tracked Wall Street’s decline in response to potentially discouraging data on the U.S. economy

Iran’s capital and outlying provinces have faced rolling power blackouts for weeks in October and November, with electricity cuts disrupting people’s lives and businesses

The U.S. Department of Energy says $365 million is available to install solar and battery storage systems in homes and healthcare centers across Puerto Rico

Pidilite Industries Ltd. traded at Rs 3150.90 on BSE at 12:04PM (IST) on Friday, 1.2 per cent from previous close. The scrip quoted a 52-week low price of Rs 2490.00 and a high of Rs 3414.40.

Rohit Sharma's elegance and Virat Kohli's class will face the ultimate 'Test' when India take on an Australian team eager to set the record straight on a spicy Gabba track in the third game of the Border-Gavaskar series, starting Saturday. With the series locked at 1-1, Brisbane could well decide the course of the rubber and whether Rohit's men would continue to be the master of their fate in the ongoing World Test Championship. For India, the biggest hope remains in Australia's batting vulnerability which can lead to an implosion if a certain Travis Head doesn't decide to be the marauder. Steve Smith is currently sailing in the same boat as Kohli if inconsistent batting form is taken into consideration.

governor have to work for the people and there is little room for sensitivity in this complementary relationship, says Uttar Pradesh Governor Anandiben Patel, stressing that both have to work for the welfare of the people. Patel, who took office on July 29, 2019, is the first woman governor of Uttar Pradesh since Sarojini Naidu in 1949 and also its longest serving. «I don't see the relationship between the government and Raj Bhavan as sensitive. Both the government and the governor have to work for the people. There is hardly any room for sensitivity,» Patel told PTI in an exclusive interview. «Conflicts arise in states like West Bengal and Kerala where attempts were made to revoke the powers of the governors by making changes in the law and which subsequently led to court cases,» she said.

Sensex surging by 4,487 points from its November lows and reaching at the level of 81,289, the mutual fund expert believes that investors should adopt a diversified allocation strategy and should allocate 10% towards gold and 5-7% towards silver. Experts suggest that after the above allocation, investors should allocate 20-30% in duration focused debt instruments and the remaining should be invested in equities through a staggered approach to mitigate risks associated with market volatility. “Given the near-term weakness and macroeconomic moderation, investors should adopt a diversified allocation strategy. A prudent approach would be to allocate 10% towards gold as a hedge against inflation and market uncertainty, and 5-7% towards silver to diversify within commodities and benefit from industrial demand trends. Additionally, 20-30% should be allocated to duration-focused debt instruments, which can provide stability during volatility and benefit from potential future rate cuts. The remaining portion should be invested in equities through a staggered approach or systematic investment plans (SIPs) to mitigate risks associated with market volatility,” said Sagar Shinde, VP Research, Fisdom.

Subscribe to enjoy similar stories. Interest rates at their highest in decades, wars in Europe and the Middle East, elections in countries as important as America and India. No matter.

Stocks that rallied over 10% included, Orbit Exports(13.91%) and DCM Ltd(13.42%).

buy call on Maruti Suzuki India with a target price of Rs 15,250. The current market price of Maruti Suzuki India is Rs 11,119.65. Maruti Suzuki India Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 349584.22 crore, operating in Auto sector. Maruti Suzuki's key products/revenue segments include Passenger Cars & Light Duty Utility Vehicles, Spare Parts & Components, Other Operating Revenue, Service Income, Scrap, Rental Income for the year ending 31-Mar-2024.

add call on Metropolis Healthcare with a target price of Rs 2,335. The current market price of Metropolis Healthcare is Rs 2205.75. Metropolis Healthcare, incorporated in the year 2006, is a Mid Cap company with a market cap of Rs 11355.14 crore, operating in Hospitals & Allied Services sector. Metropolis Healthcare's key Products/Revenue Segments include Service Income for the year ending 31-Mar-2023.

Hindustan Aeronautics Ltd (HAL) shares will remain in focus on Friday after the Ministry of Defence (MoD) announced a Rs 13,500-crore contract with the company to procure 12 Su-30MKI fighter aircraft. The deal, signed on Thursday, December 12, aims to bolster India's defence capabilities while promoting the ‘Aatmanirbhar Bharat’ initiative. The deal, valued at approximately Rs 13,500 crore, includes associated equipment and is inclusive of taxes and duties. The aircraft will feature a homegrown content of 62.6%, achieved through the indigenisation of numerous components manufactured by the Indian defence industry.

Bajaj Finance shares will remain in focus on Friday after India's largest non-bank consumer financier has unveiled a new business plan for the next five years which envisages integration of artificial intelligence (AI) across all its processes to improve customer engagement, grow revenue, enhance productivity, strengthen controls and reduce operating and credit costs. In chat with ET, managing director Rajeev Jain said the transition to an all-encompassing AI based system will improve customer conversion rates at a much lower cost while ensuring the loan growth remains at current rate or moves to a faster trajectory.

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The Bank of Canada’s latest oversized interest rate cut isn’t expected to deliver immediate relief to the Canadian fixed-mortgage market, experts warn.

Global growth is forecast to moderate, partly due to the heightened uncertainty surrounding U.S. trade policy, and key economies like China, Europe and Canada are expected to loosen monetary policy significantly.

Chinese stimulus offered only a sliver of support. They drew some comfort from an outsized rate cut in Switzerland that saw the Aussie jump 1.3% on the Swiss franc, while an easing from the European Central Bank helped it firm on the euro.

Bluestone, which on Thursday filed the draft papers for an initial public offering, is expected to price the issue at a valuation of Rs 12,000-13,000 crore, a more than 50% jump from its most recent fundraising from the private market, people in the know told ET. In August, the Bengaluru-based companyclosed a Rs 900 crore pre-IPO funding round that valued it at around Rs 8,100 crore, as first reported by ET. While the IPO will see Bluestone raise Rs 1,000 crore by selling newly issued shares, sources said existing investors will sell shares worth Rs 2,000-2,100 crore, taking the size of the IPO to Rs 3,000-3,100 crore.

Tata Motors, RIL, HAL, Zomato, Jk Tyre, JSW Energy among others will be in focus due to various news developments. Tata Motors Tata Motors will increase prices on its trucks and buses by up to 2% starting January 1, 2025, the automobile giant said citing rising input costs.