Week Financial News

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

Social media users shared a range of false claims this week

InQubeta (QUBE) might be the best crypto to invest in now as its presale continues to defy expectations. The new DeFi project has already raised over $6.7 million as it moves into its sixth stage, earning early investors 175% returns on their investments.

Dividend Stocks: Shares of some companies, including Easy Trip Planners, and few others will trade ex-dividend in the coming week, starting from Monday, December 18. 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.

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

Nifty on Friday ended 274 points higher to new lifetime high highs and formed a green candle on the daily and weekly charts. Further upsides are likely once the immediate resistance of 2,1492 is taken out. Caution is however warranted for the near term as the 14-day RSI at 84.93 is in overbought territory. Thus, any short-term corrections can be utilized to buy into quality stocks, said Subash Gangadharan, senior technical and derivative analyst at HDFC Securities. The 14-week RSI is at 75.87, which implies that it is not extremely overbought and there is scope for more upsides in the intermediate term. Option data reveal heavy writing in 21,100 PE and 21,200 PE and addition in 21,400 CE and 21,500 CE. What should traders do? Here’s what analysts said:

IPO) of Happy Forgings will open for subscription on December 19. The issue closes on December 21.

₹1,500 crore through Qualified Institutions placement (QIP) route. Sterling and Wilson shares gained as much as 4.99% to a fresh 52-week high of ₹445.30 apiece on the BSE. Sterling and Wilson Renewable had, on December 11, launched a QIP issue worth ₹1,500 crore.

Benchmark NSE Nifty index rose 69.65 points to 21252.35 amid buying in frontline bluechip stocks. However, stocks such as Raj Rayon, SEL Manufact, Winsome Yarns, Lakshmi Precis and Wealth First Port, touched their fresh 52-week low.

Investing.com-- Oil prices rose slightly in Asian trade on Friday, and were set to snap a seven-week losing spree on optimism over interest rate cuts by the Federal Reserve and a positive outlook on demand from the International Energy Agency.

By Makini Brice and Ted Hesson

At its ‘AI Everywhere’ event in New York today, Intel (NASDAQ:INTC) unveiled a comprehensive portfolio of AI products.

Taipei Blockchain Week kicked off this week with around 2,000 people from the crypto community gathering on Thursday to hear industry players discuss blockchain trends ranging from Llayer 1’s role in Web3’s in 2024 to the future of decentralized finance (DeFi).

It’s been an impressive week for Polygon as crypto whales go on a $90M buying spree, which has led to speculation if Pullix (PLX) and Avalanche (AVAX) could be next. Find out more about the hidden gem Pullix, for which experts predict a 30x growth during its presale phase. We’ll also cover some interesting developments in the Avalanche ecosystem.

Wipro have bounced back strongly, gaining 12% to ₹422 apiece from the November low of ₹377. This resurgence has positioned the stock in close proximity to its 52-week high of ₹443.75 apiece.

Also Read: US Federal Reserve December Meet: See date, timing, and schedule details here An upbeat US jobs report last week dampened expectations the Federal Reserve could cut interest rates as soon as March. The US consumer Price Index (CPI) report. Economists polled by Reuters expect US headline inflation to be flat for November and core inflation to be steady at an annual pace of 4 per cent - well above the Fed's 2 per cent target.

Narayana Murthy now says he worked 85-90 hours: But is it really productive? Infosys did not respond to queries, it added. Expressing dissatisfaction with the modest response to return-to-office appeals, the email emphasised that the three-year work-from-home arrangement post-Covid was sufficient. It further clarified that except for medical reasons, employees are expected to resume regular office attendance.

Hindalco Industrieswill set up a new battery foil manufacturing facility with an investment of ₹800 crore in Odisha. The manufacturing unit will be commissioned by 2025, said the aluminum rolling and recycling company in its stock filing on Tuesday. The plant located in Odisha's Sambalpur will initially produce 25,000 tonnes of the product which is crucial for the production of Lithium-ion, and Sodium-ion cells.

US dollar rose by 0.77% last week, ending the last 3-week downtrend.

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Stocks on Wall Street finished higher on Friday to notch another winning week after a robust U.S. jobs report fueled investor optimism about a soft landing for the economy.