Week Financial News

Hindustan Aeronautics Ltd (touched 52-week high), Bharat Electronics Ltd (touched 52-week high), Bharat Dynamics Ltd, and Mazagon Dock Shipbuilders Ltd were all up 0.5% to 3%. So far in 2023, investors have received a 100% return on their investment in Hindustan Aeronautics shares, a 58% increase in Bharat Electronics shares, and a 33% increase in Bharat Dynamics shares.

Stock market today: Shares of Punjab National Bank (PNB) witnessed huge buying interest during morning deals on Monday. PNB share price today opened with big upside gap at ₹83.15 apiece levels on NSE and went on to hit intraday high of ₹83.95 per share levels, which turned out a new 52-week peak for PNB shares. PNB share price rebounded strongly after touching intraday low of ₹82.30 per share afer profit booking trigger at 52-week high.

Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: Teslaholds Cybertruck event; China EV deliveries; Rivian launches leasing.

U.S. stocks ended higher on Friday to notch another winning week as remarks from Federal Reserve Chair Jerome Powell bolstered the view that the U.S. central bank is done with raising interest rates.

Investing.com — Friday’s nonfarm payrolls report for November will be in focus this week as investors try to assess whether the U.S. economy is remaining resilient in the face of higher interest rates. Oil prices look set to remain volatile and central bank meetings in Australia and Canada could underline the view that rates have peaked.

Investing.com — Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: upgrades for Boeing, Spirit Aerosystems, and Constellation Brands; downgrades for Foot Locker and Airbnb.

As Bitcoin soars to a striking $39,390, up by a significant 1.50% in the last day, the crypto community is abuzz with anticipation. This remarkable surge forms a crucial part of the broader escalation in the total cryptocurrency market cap, which has now eclipsed the $1.5 trillion milestone.

Nifty50 surged in all four sessions; it went on to move past the previous lifetime high of 20222.45 and managed to end at a fresh all-time high level. Amid high volatility, the trading range also got wider; the NIFTY moved in a range of 491.55 points through the week. While managing to maintain the gains, the headline index managed to close near its high point with net weekly gains of 473.20 points (+2.39%). While the markets rose, so did the volatility. The volatility, as represented by INDIAVIX, surged 9.29% to 12.38 on a weekly basis. From a technical standpoint, the Index remains firmly on a rising trajectory. If it continues to advance within its defined and laid path, it may go on to test the upper edge of the rising channel which translates into the levels of 20500—20650 zone. The spikes in the volatility may turn the market choppy; however, there are greater of the breakout getting extended and the Index testing the upper edge of the rising channel. After that, some consolidation cannot be ruled out. Monday is expected to see a positive and strong start to the week; the levels of 20400 and 20580 are likely to act as resistance. The supports come in at 20080 and 19900 levels. The weekly RSI is 65.90; it has marked a fresh 14-period high which is bullish. It stays neutral and does not show any divergence against the price. The weekly MACD is bearish and below its signal line; however, it looks on the verge of a positive crossover

Vinod Khosla weighed into the debate kicked off by Infosys founder NR Narayana Murthy’s comments that young people should work 70-hour weeks, saying that people need not be so sensitive to the remark. ‘Toughen up’

Also Read: Not whole mid, smallcap segment expensive; bullish on power sector, says Sandeep Bagla of TRUST Mutual Fund This robust rally is attributed to several factors, including strong economic growth, impressive corporate earnings, a decline in crude oil prices, and the increasing trend of retail investing along with Foreign Portfolio Investment (FPI) inflows. The recently released GDP numbers for India on Thursday revealed a significant expansion of 7.6% in the September quarter of the current fiscal year, surpassing the expectations of analysts.

Geojit Financial Services, said, “The IPO market maintained its vibrancy, highlighted by Tata Technology's monumental listing, fostering increased investor confidence in riskier assets." The first week of December 2023 will also remain packed with some new listings and IPOs in both main-board and SME segments, which will be available for subscription. Among ongoing issues, Net Avenue Technologies IPO will close for bidding on Monday, December 4, Marinetrans India IPO and Graphisads Ltd IPO will close on Tuesday, December 5. Here’s a list of IPOs which will remain open for subscription next week, along with new listings — Sheetal Universal Ltd, the agricultural commodities supplier, will open for subscription on December 4 and will close on December 6.

BSE Sensex logged its fifth successive weekly gain and closed at 11-week high levels, supported by favourable macroeconomic data and sustained inflows by foreign institutional investors (FIIs). On the stock-specific front, Asian Energy Services, 63 Moons Tech, India Cements, Tanfac Industries, HBL Power, Shalimar Paints, Poonawalla Fincorp, Dixon Technologies, Reliance Infra, MTNL, Bharat Dynamics, Chennai Petroleums, Finolex Cables, NBCC (India), Carysil, and others are among the smallcaps that logged a double-digit rise in their share prices last week.

Read the review In the uncertain days of America’s infancy, the boundary between canny political maneuvering and disloyalty to the new nation was not yet defined. Review by Adam Rowe Read the review Can 21st-century brain science tell us whether or not we have free will? Two scientists say yes, but reach opposite conclusions. Review by Andrew Crumey Read the review Walter Kempowksi’s autobiographical novel puts the focus on a German family’s complacent journey into World War II.

Panchsheel Organics Ltd will trade ex-dividend in the coming week, starting from Monday, December 4. Apart from this, few other stocks will trade ex-bonus, according to corporate action data on the BSE.

Kuvera is a free direct mutual fund investing platform. Unless otherwise stated data sourced from BSE, NSE and kuvera.inMilestone Alert!Livemint tops charts as the fastest growing news website in the world

«Most of the PSU and private banks have started performing and the recovery is taking place in the PSU space or PSU bank also,» says Rajesh Palviya, Axis Securities. Record high levels coming in for Nifty 50. Where you are eyeing next is 21,000 also on the cards and on the Bank Nifty, 1,000 points gain in the past four days but to touch that record high level just 1,500 points away. So do you believe that the journey for the next 1,500 could also be this fast or markets are expected to take a halt? Very strong rally in the market. Both indices have done well.We are at all-time high for the Nifty. Very strong buying action across the board. Midcap, smallcap are continuously performing and making a new all-time high. So, overall, market sentiment is super bullish. So, we believe that this momentum is likely to continue further. As you talked about the banking space,most of the PSU and private banks have started performing and the recovery is taking place in the PSU space or PSU bank also. So, that clearly shows that yes, Bank Nifty can give further more support to the market at this moment and we can see there is a catch-up rally in the Bank Nifty and possibly we can see a level of 45,600 to 45,800 in the continuation of this up move for Bank Nifty.

The key catalyst for stocks will likely continue to be the expected trajectory of the Federal Reserve's monetary policy. Evidence of cooling economic growth has fueled bets that the U.S.

For sure, key U.S. jobs data will test the exuberance, while Australia's central bank could reinforce a view that rates have peaked. Here's your week ahead in financial markets from Ira Iosebashvili in New York, Kevin Buckland in Tokyo, Naomi Rovnick and Marc Jones in London and Yoruk Bahceli in Amsterdam. SANTA'S BEEN Christmas has come early with global stocks posting their best monthly performance in three years in November and global investment-grade bonds returning almost 4% — the best month on record going back to 1997. Now, the early Santa rally risks running into a central bank Grinch. Markets price rate cuts as early as the first half of 2024.

Sensex ended 492.75 points, or 0.74%, higher at 67,481.19, while the Nifty 50 rose 134.75 points, or 0.67%, to settle at 20,267.90. The Nifty Midcap 100 index closed 1.10% higher at 43,382.40 and the Nifty Smallcap 100 index closed 0.48% higher at 14,239.30. Analysts believe the stock market next week will be driven by economic data releases from the US, India, and China, while the focus will be on the Reserve Bank of India (RBI) monetary policy meeting.

The Globe and Mail, the leading news publisher in Canada, at their downtown Toronto office while on a family trip to North America. My host for the afternoon was Irish-born David Walmsley, the newspaper’s editor-in-chief.

Netflix UK subscribers! As we kick off the festive season, a generous gift of 71 new movies and TV shows awaits you this week. Family Switch (2023) N — A Festive Freaky Friday In this holiday comedy directed by McG, Emma Myers, fresh from her success in Wednesday, joins Jennifer Garner and Ed Helms in a heartwarming tale. The Walker Family finds themselves in a chaotic body swap, pushing them to overcome differences and work together to reclaim their lives. Whiplash (2014) — A Drumbeat of Drama Damien Chazelle's intense drama, Whiplash, featuring Miles Teller and J.K.