Week Financial News

Varun Beverages share price rallied over 17% to hit a fresh 52-week high on Wednesday after the company announced the acquisition of South Africa’s Bevco, which analysts believe to be a good value creation opportunity. Varun Beverages shares jumped as much as 17.78% to a 52-week high of ₹1,380.45 apiece on the BSE. One of the largest franchise bottlers of PepsiCo in the world, Varun Beverages announced that its board of directors approved the acquisition of 100% stake in South Africa’s The Beverage Company Ltd (BevCo) with plans to expand its geographical footprint in Africa.

Temples across the US are preparing week-long celebrations in North America to commemorate the inauguration of the Ram Mandir in Ayodhya on January 22 next year, a top official representing these temples has said. «It's our fortune and blessings to us that we are part of this phenomenon and the temple of our dreams is getting materialised after centuries of wait and struggle. Everyone's emotions in the US and Canada are very high. Shraddha (devotion) is built up and everyone is eagerly waiting to receive Bhagwan Shri Ram in his mandir,» Tejal Shah from the Hindu Mandirs Empowerment Council (HMEC) told.

HG Infra Engineering as its 'top pick of the week'. This is on the back of its attractive valuations, strong growth opportunities, positive company-specific triggers, and macroeconomic tailwinds. The brokerage has a ‘buy’ call on the stock with a target price of ₹935, implying a potential upside of 10 percent.

₹69.20 apiece. This follows a substantial 20% surge in the previous trading session. SpiceJet's stock has been garnering attention in recent weeks due to various positive developments.

Apple (NASDAQ:AAPL) is halting sales of its flagship Apple Watch models in the United States following an International Trade Commission (ITC) ruling in a patent dispute with medical technology company Masimo, according to 9to5Mac, which quoted a statement from the tech giant.

A Federal Reserve official said Monday that the market may have misunderstood the central bank's intended message last week after stocks and bonds rallied sharply.

The market surged this past week following a confusing Fed meeting that created more questions than answers. The Fed tried to go into damage control on Friday by sending out John |Williams, Raphael Bostic, and Austan Goolsbee. None did much on the surface to improve the situation Jay Powell left behind following the Wednesday press conference.

Digital asset investment products witnessed outflows of $16 million last week, putting an end to an 11-week streak of consecutive inflows.

Hero MotoCorp share price gained more than 1% during the intraday trades to scale fresh 52-week highs on Monday. The stock has given stellar returns of 28% since start of November as the festival season sales boosted investor confidence. Not only the channel inventory got reduced, the pickup in entry levels motorcycle sales and some uptick seen in rural demand has lifted investor confidence.

Geojit Financial Services pointed out that two significant factors are driving the ongoing strong rally in the market. One, FIIs (foreign institutional investors) have turned big buyers having invested around ₹20,000 crore, including bulk purchases, in the last two weeks. Second, the rally is being driven by segments like banking and IT which were underperformers for quite some time.

Stock market today: Yes Bank shares have been in uptrend for near one month. However, it seems that the private bank stock is still not in mood to stop its rally. Yes Bank share price today opened upside and went on to climb to a new 52-week peak of ₹23 per share levels on NSE, logging an intraday gain of near 5 per cent during Monday stock market deals.

Bonus shares 2023: The board of directors of Salasar Techno Engineering Ltd is soon going to consider issuance of bonus shares to its eligible shareholders. The telecom infra company has informed Indian stock market bourses that its board of directors will consider and approve proposal for bonus shares in its meeting scheduled on 20th December 2023 i.e.

Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: upgrades for Nike, Zscaler, and Live Nation Entertainment; new buy ratings for Microsoft and First Solar.

Stocks on Wall Street finished higher on Friday to notch another winning week amid growing expectations the Federal Reserve is done with raising interest rates and could start cutting them next year.

Investing.com — Markets are entering the closing weeks of 2023 after Federal Reserve Chair Jerome Powell said the historic tightening of monetary policy is likely over and discussion of rate cuts is coming «into view». Investors will get a final update on U.S. inflation for this year, while the Bank of Japan may be inching toward a long-awaited policy pivot. Here’s what you need to know to start your week.

Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: Tesla faces Nordic union troubles; F-150 Lightning production cut in half; and Tesla’s massive recall.

₹4,600 crore, an increase from the ₹4,000 crore raised in the previous week. “A key reason for the strong interest in IPOs has been an increased focus on profitability and reasonable pricing of deals, at least relative to prevailing higher valuation multiple in listed peers. Next week looks promising, more than half a dozen companies will hit the market with their IPOs.

Dalal Street, and market experts see them riding indices further higher in the near term. Last week’s rally was driven largely by foreign inflows, which will be essential for a sustained up-move in the market. After the 7% gains clocked in by Nifty 50 so far in December, technical charts, however, suggest that the market has entered into an overbought zone, and some cooling off to that extent is warranted. “From a technical standpoint, the Nifty is maintaining its bullish momentum, marked by a breakout from a flag formation. The immediate target stands at 21,700, with the possibility of further upward movement to 22,000, although some consolidation may follow,” said Santosh Meena, head of research, Swastika Investmart. On Friday, the Nifty 50 ended at a record closing high of 21,456.65 points with 1.3% gains. While the outlook for the secondary market remains positive, the action is likely to be more in the primary market as a plethora of IPOs are scheduled to hit the Street. Here are a few other factors that will drive the momentum for markets in the coming week.

Ramaswamy as saying. "And I'm doing my small part," Ramaswamy said.

Supreme Court unanimously upheld the 2019 revocation of Article 370 of the Constitution that gave special status to the erstwhile state of Jammu and Kashmir even as it ordered Assembly elections there by September end next year and restoration of statehood "at the earliest". The top court also upheld the reorganisation of Ladakh as a Union Territory. Mohan Yadav took oath as the Chief Minister of Madhya Pradesh on Wednesday.

gains for the seventh consecutive week, marking their longest winning run since January 2018. Specifically, the BSE benchmark jumped 1,658.15 points or 2.37 per cent on the week, while the Nifty climbed 487.25 points or 2.32 per cent. Global cues triggered foreign capital inflows into Indian markets after the US Federal Reserve signalled the end of its tightening cycle.