Week Financial News

Stock market today: Extending its rally for third day in a row, Yes Bank share price today climbed to a new 52-week high of ₹23.70 per share during early morning deals on Tuesday. Yes Bank shares today opened flat at ₹22.70 apiece levels on NSE but it soon gathered upside momentum and climbed to intraday high of ₹23.70 apiece levels, logging intraday gain of over 4 per cent.

Madhya Pradesh, northern parts of Maharashtra, southern parts of Uttar Pradesh...," Mohapatra warned. He added that there was also a low-pressure area forming over the southeast Arabian Sea leading to clouds over areas in Lakshadweep and Maldives Islands. Meanwhile, the press release issued by the IMD on Monday said cold day to severe cold day conditions are likely to continue over some parts of Punjab, Haryana, Uttar Pradesh and north Rajasthan during the next two days and decrease thereafter.

Bharat Heavy Electricals (BHEL) share price witnessed a robust uptick, surging by almost 6% to reach a new 52-week high of ₹205 on the NSE on Monday. This surge was followed by a media report revealing that the state-owned engineering company has secured the position of the top bidder for a substantial ₹19,422-crore turnkey contract. The contract involves the construction of a thermal power plant for NLC India in Talabira, Odisha.

₹1,665 apiece on the BSE after media reports said that the company aims to deliver 2,000 electric buses in fiscal 2023-24. The leading manufacturer specialising in auto systems and buses has also outlined plans to introduce an additional 3,000 electric buses by the first half of the upcoming year, demonstrating a determined push towards a cleaner and greener future for public transportation, according to a report by CNBC-TV18. Also Read: Bajaj Auto December sales grow 16% YoY to 3.26 lakh units; two-wheeler sales up 15% Stock exchanges BSE and NSE have asked for clarifications regarding these plans from JBM Auto.

Markets brace for January storm as retail, institutions face off in derivatives (Exciting news! Mint is now on WhatsApp Channels. Subscribe today and stay updated with the latest financial insights! Click here!) Wipro has made a solid base near ₹400–420 levels. The time retracement is 0.886 approximately, along with a price retracement of 0.618 approximately on the monthly timeframe.

₹18.42 apiece on BSE Monday. Today’s rally in Vodafone Idea shares comes after the stock spiked 20% in the previous session. Vodafone Idea shares have risen more than 114% in the past six months, doubling investors’ money.

BSE, extending the stellar rally seen over the past one week. Emami shares jumped as much as 4.34% to a fresh high of ₹588.65 apiece on the BSE. In the past one week, Emami shares have risen 16%, which is largely a factor of attractive valuations, analysts said.

The S&P BSE Sensex fell more than 170 points while the Nifty50 managed to hold on to 21,700 levels on Friday. Sectorally, buying was seen in telecom, auto, FMCG, and utilities while selling was visible in oil & gas, energy and public sector stocks. Stocks that were in focus include names like Tata Motors which rose more than 3% while Kalpataru Projects International Ltd closed with gains of over 7% to hit a fresh 52-week high on Friday.

Nestle India, Pearl Global Industries, and Indian Link Chain Manufacturers will trade ex-split, while Allcargo Logistics and M Lakhamsi Industries will trade ex-bonus this week. Shares of Indian Link Chain Manufacturers (Rs 100 to Rs 10) on Wednesday, January 3, while Nestle India ( Rs 10 to Rs 1), 7NR Retail (Rs 1 to Rs 10), and Pearl Global Industries (Rs 10 to Rs 5) on Friday, January 5, will ex-split. A stock split is usually done to increase the liquidity of the stock in the market. On the ex-split date, investors who are holding the stock until the record date will receive the new shares in demat accounts, and the stock price will be adjusted according to the split ratio. Whereas, the record date for the right issue of LA TIM Metal & Industries is fixed on Tuesday, 2nd January 2024. A rights issue is a prevalent form of corporate action where the company invites existing shareholders to buy additional shares in the company at a discounted price within the said period (the cut-off date). However, as existing shareholders of the company, you do not have an obligation to buy additional shares.

₹3,910 crore and have garnered subscriptions between 12 and 173 times. 2023 has been the year of initial public offerings (IPOs), with 173 small and medium-sized enterprises (SMEs) and 52 mainboard listings to date, along with some outstanding debuts and subscriptions from both. “I believe that 2024 will continue to see a great number of IPOs—possibly even better than 2023—given the expectation of GDP growth, the India manufacturing story, and the feeling that the current ruling dispensation will return to power based on the recent state elections’ performance," said Venkatraghavan S., Managing Director, Investment Banking, at Equirus.

bone-chilling winter, the people in Delhi-NCR woke up to yet another morning of cold wave on the last day of the year with thick layer of fog all over the national capital and adjoining areas. The minimum temperature at the Safdarjung Observatory, the city's primary weather station, was recorded at 11 degrees Celsius. The dense fog enveloped the city, reducing visibility in several parts of the city.

rose around 20 per cent in 2023, logging their second-best year since 2017. D-Street investors added a significant ₹81.90 lakh crore to their wealth in 2023 powered by a stellar rally in stocks. The bull run was supported by sustained domestic mutual fund inflows, foreign capital inflows, better-than-expected economic growth, and robust corporate earnings.

Also Read: FPIs pump ₹2.37 lakh crore in Indian markets this year; December clocks highest inflows at ₹66,135 crore Indian Link Chain Manufactures Ltd will undergo a stock split from ₹100 to ₹10. Shares will trade ex-split on January 3. Nestle India will undergo a stock split from ₹10 to ₹1.

Read more Tata Consumer Products has now joined the ranks of listed Tata Group companies with a market capitalization exceeding ₹1 lakh crore, making it the sixth firm to achieve this milestone. Read more Domestic equity benchmarks the Sensex and the Nifty 50 ended the year's last trading day on a negative note, snapping their five-day winning streak, on profit-booking in select heavyweights even as the mid and smallcap indices ended with healthy gains.

Buy or sell stocks for next week: Key benchmark indices of the Indian stock market gave up its five days winning streak and ended the last trade session of 2023 on a flattish note amid profit booking in select heavyweights. Nifty 50 index remained in negative territory throughout the session and closed with minor loss of 22 points at 21,731 levels. BSE Sensex finished 0.23 per cent lowe at 72,240 levels whereas Nifty Bank index lost 0.45 per cent and ended at 48,292 levels.

The average long-term U.S. mortgage rate retreated for the ninth straight week to its lowest level since May

RailTel Corporation Share Price: Shares of Indian Railways' public-sector undertaking (PSU) stock RailTel Corporation of India were locked at over 16 per cent upper circuit to hit its fresh 52-week high mark of ₹348 apiece on the BSE, after securing back-to-back work orders this week. On Wednesday, RailTel Corporation informed the stock exchanges that it had received the work order from Bihar Education Project Council for the supply of teaching learning material for class I to III under rate contract amounting to ₹76.19 crore (including GST).

Government doctors in Haryana went on a strike on Friday to press their demands for formation of a specialist cadre and a reduction in the bond amount for postgraduate courses, impacting outpatient department (OPD) services in some hospitals. This is the second time this week that government doctors in the state have gone on a strike. They first went on a strike on Wednesday.

12th Fail. Except that, this weekend offers several movies and web series on OTT platforms. Let’s have a look.

₹15.54 apiece on the BSE. The traded volumes of Vodafone Idea shares on December 29 was 84 crore. Vodafone Idea shares have jumped 30% in the past three months and more than 94% year-to-date (YTD).

air traffic operations, all four runways at Delhi's Indira Gandhi International Airport are expected to become operational in the first week of January 2024. As per official sources, the re-carpeting of Runway 28/10 has nearly concluded, with pending checks by the Directorate General of Civil Aviation (DGCA) which is likely to take over the weekend. «The final check by DGCA is pending and will likely be done by this week. After the go-ahead by DGCA, the runway will be operational.