Week Financial News

snapped its longest weekly winning streak in six years, over profit booking at record high levels earlier in the week. On the weekly front, the BSE benchmark declined 376.79 points or 0.52 per cent and the Nifty dipped 107.25 points or 0.49 per cent - dragged by the fall in recent outperformers like financials and auto stocks.

Wall Street closed its eighth straight winning week with a quiet finish following reports showing inflation on the way down and the economy potentially on the way up

Swastika Investmart Ltd, said. Given the lack of substantial indicators, Meena noted that the December F&O expiry might introduce volatility to the markets. In the preceding week, the BSE benchmark saw a decrease of 376.79 points, equivalent to 0.52%, while the Nifty experienced a dip of 107.25 points, or 0.49%.

Narendra Modi on Sunday inaugurated the Surat Diamond Bourse, which will have facilities like international banking, safe vaults, jewellery mall and create about 150,000 new jobs, during his visit to Gujarat. He also inaugurated the new terminal building of Surat Airport, which can handle 1,200 domestic passengers and 600 international passengers. A total of 146 MPs -- 100 from Lok Sabha and 46 from Rajya Sabha -- were suspended for creating a ruckus and disrupting proceedings in both Houses, while they were demanding a statement from Union Minister Amit Shah about the Parliament security breach incident.

Click here to read the full report Apple has begun ramping up production of its Vision Pro mixed reality headsets at the company's facilities in China in recent weeks, with the goal of having customer-bound units ready by the end of January, while the headset could be launched in February, Bloomberg's Mark Gurnman noted in a recent report, citing sources. However, the report noted that last-minute production problems and other issues could derail the planned launch schedule.

Stock market this week: Indian frontline indices S&P BSE Sensex and Nifty50 ended with half a percentage points cuts on weekly basis amid profit booking at higher levels. When markets resume trading on Tuesday in the holiday shortened week, a host of important domestic and global events lined-up during this week are likely to impact them. Major global markets will remain shut for trading on December 25, Monday on account of Christmas holiday. «Nifty gained for the second consecutive day after witnessing a sharp fall on Wednesday. The index closed with gains of 94 points at 21,349 levels. Majority of the sectors ended in green with buying seen in IT, realty, metals and pharma. The underlying tone of the market remains positive. However, as we enter into holiday mood starting this weekend, we expect the market to remain range bound with stock specific action next week,» Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Factors that are likely to impact movement when markets reopen this week: US Markets

Investing.com — Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: Nio raises $2.2B; Mullen’s third reverse split; and tearing it up with tariffs.

Investing.com — Here is your Pro Recap of the biggest dividend hikes, special dividends, and share-buyback announcements you may have missed this week.

Dividend Stocks: Shares of some companies, including Vedanta Limited and few others will trade ex-dividend in the coming week, starting from Monday, December 25. Some other companies will also trade ex-ex-bonus, while some have announced a buy back of shares next week. The ex-dividend date is the day on which the equity share price adjusts to reflect the next dividend payout.

Stock market last week: After logging gains for seven straight weeks, key benchmark indices of the Indian stock market took a breather last week. Nifty 50 index ended 0.55 per cent or 113 points lower while BSE Sensex lost 257 points or 0.36 per cent in the previous week. Nifty Bank index lost 493 points or 1.03 per cent in last five sessions.

Gold prices finished above $2,000 for the fifth straight week, with Comex Feb futures ending the week at $2066.90, up by 2.4% as the dollar lost the plot to dip sharply to five-month lows of 101.4 level after the release of PCE data on Friday. Gold prices are up 13% ytd heading into the last trading week of the year. The 10-year US yields finished at 3.90 on Friday, recovering from the lows of 3.81% after the New homes sales data. The ten-year yields closed with a weekly loss of around 0.75%.

India Today report, the case has been registered under Section 323, 504, 427 and 325 of the IPC. As per media reports, the incident occurred on 7 December. Bindra and his mother Prabha got into a heated argument, when Yanika tried to intervene, she was physically attacked by Bindra.

Akanksha Power and Infrastructure IPO: The initial public offering (IPO) of small and medium-sized enterprises (SME) Akanksha Power and Infrastructure opens for subscription on Wednesday, on December 27, 2023 and closes on December 29, 2023. The public issue's price band is set at ₹52 to ₹55 per share.

₹51 to ₹54. Kay Cee Energy & Infra IPO lot size consists of 2,000 shares.

rupee posted its biggest weekly loss in over two months, even as it closed stronger on Friday tracking a rise in its Asian peers and aided by dollar sales from large foreign banks. The rupee ended at 83.14 against the U.S. dollar, compared to its previous close at 83.2775. The rupee's gains on Friday were aided by dollar sales from two large foreign banks, likely on behalf of custodian clients, a foreign exchange at a private bank said. For the week, however, the currency declined 0.16%, its worst week since Oct.

Barbie. After its massive Box Office success, it is now making a mark in Oscar nominations 2024. Except that, this weekend offers several movies and web series on OTT platforms.

₹820.05 in morning trade on BSE on Friday, December 22, a day after the company said the government had granted a one-time exemption to it to achieve minimum public shareholding of 25 per cent. LIC share price opened at ₹805.05 against the previous close of ₹764.55 and soon jumped 7.3 per cent to hit its 52-week high.

Singapore jumped to 965 in the past week, up from 763 the previous week. The number of patients admitted to intensive care units (ICU) went up from 23 to 32 in the same period. These are the highest numbers of new weekly hospitalisation and ICU admission for COVID-19 patients in 2023, TODAY newspaper reported on Thursday.

Alphabet (NASDAQ:GOOGL) stock added 3.4% today following a report from The Information outlining the company’s intentions to revamp a segment of its expansive 30,000-strong ad-sales unit amidst the ongoing GenAI boom.

Aurobindo Pharma were locked in at over four per cent upper circuit at ₹1,081.45 apiece on the BSE, hitting its new 52-week high mark on Wednesday, December 20. The surge in share price came after the US Food and Drug Administration (FDA) had conducted an inspection at a subsidiary of the pharma major earlier today.

Nippon Life India Asset Management Ltd share price gained up to 8.9% in morning trades on the NSE on Wednesday. A large trade deal news triggered these gains. The share price also scaled 52 week highs of ₹489 on Wednesday CNBC TV-18 quoting sources has reported that Private sector lender IndusInd Bank is likely to divest a 2.86% equity stake in Nippon Life India Asset Management Ltd (Nippon AMC) through block deals.