Week Financial News

₹2,934.95 apiece on BSE today. Multi Commodity Exchange of India share price touched an intraday high of ₹3,168 and an intraday low of ₹2,932.

Axis Securities, the chart pattern suggests that if the Nifty crosses and sustains above 19,900, it would witness buying which would lead the index towards 20,000-20,200 levels. However, if the index breaks below the 19,650 level, it would witness selling, which would take the index towards 19,500-19,400, Axis Securities said. The brokerage firm pointed out that the weekly strength indicator RSI continues to remain flat, indicating the absence of strength.

Hindustan Petroleum Corporation Ltd (HPCL), Bharat Petroleum Corporation Ltd (BPCL) and Indian Oil Corporation Ltd (IOCL) saw smart gains on Tuesday with decline in Crude oil prices. While Hindustan Petroleum Corporation share price with gains of more than 5% scaled 52 week highs in morning trades, Indian Oil Corporation and Bharat petroleum corporation stock price also gained up to 4.0% on the BSE. Also read- Adani Group stocks surge up to 20% after SC concludes hearing The Brent Crude prices that had risen close to $100 a barrel in September, dipped belwo $80 a barrel levels.

US Secretary of State Antony Blinken will visit Israel, the West Bank, Belgium, North Macedonia and UAE this week. It is Blinken's third visit to Israel since Hamas launched an attack on southern Israel on October 7.

Investing.com-- Most Asian stocks fell on Monday tracking weak signals from China, while anticipation of a string of key economic readings this week kept markets largely on edge.

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Bitcoin (BTC) starts a new week keeping traders guessing near its highest levels in 18 months — what’s next?

Why N.R. Narayana Murthy’s call for a 70-hour work week got such mixed reactions During an interview with former Infosys CFO Mohandas Pai, he stressed the need for Indian youth to work for at least 70 hours a week to boost the country’s productivity. Congress leader endorses Narayana Murthy's call for 70-hour work week After a few days, the US billionaire, Gates argued that "job is not everything" and backed a 3-day work week.

Shashi Tharoor has offered an innovative perspective on the recent comments by Microsoft co-founder Bill Gates and Infosys founder Narayana Murthy regarding the ideal work week. Murthy had stirred the social media pot by suggesting that India's youth should commit to a gruelling 70-hour work week to enhance the country's productivity.

SME) IPOs to hit the primary market this week. However, Swashthik Plascon has already opened for subscription and will close this week. Amic Forging The Rs 31.73 crore initial public offering of Amic Forging will open for subscription on Wednesday, November 29, and close on December 01, 2023. Investors can bid for a minimum of 1,000 shares. Amic Forging IPO's price band is set in the range of Rs 121 to Rs 126. The issue will be listed on BSE SME. Deepak Chemtex The Rs 20.76 crore initial public offering of Deepak Chemtex will open for subscription on Wednesday, November 29, and close on December 01, 2023. Deepak Chemtex IPO's price band is set in the range of Rs 76 to Rs 80. Investors can bid for a minimum of 1,600 shares. The issue will be listed on BSE SME. Graphisads The Rs 50.72 crore initial public offering of Graphisads will open for subscription on Thursday, November 30, and close on December 5, 2023. Investors can bid for a minimum of 1,200 shares at an issue price of Rs 111 apiece. The promoters' holding after the issue will be 73.66%. The issue will be listed on NSE SME. Net Avenue Technologies The Rs 8.65 crore initial public offering (IPO) of Net Avenue Technologies will open for subscription on Thursday, November 30, and close on December 4, 2023. Investors can bid for a minimum of 8,000 shares. Net Avenue Technologies IPO's price band is set in the range of Rs 16 to Rs 18. The promoters' holding after the issue will be 33.28%. The issue will be listed on NSE SME.

The coming week should be interesting, as significant economic data releases and critical new flows are expected to provide direction to the market, Aamar Deo Singh, Senior Vice President-Equity, Commodity & Currency at Angel One said. Among the domestic data sets, India's quarterly GDP figures, monthly auto numbers, and exit polls from the recently concluded state elections are likely to weigh on markets, Singh said. Nifty ended flat while Bank Nifty with declines of 0.9%. What is the outlook for next week? Markets have been trading with a positive tilt in recent weeks, but the key indices, Nifty, Bank Nifty, and Sensex, have been unable to break above recent highs. And, with investor interest in the primary market increasing, as well as profit-booking, we should expect increased volatility in the coming week.

This week, the Supreme Court is set to deliberate on a significant case, SEC v. Jarkesy, that questions the constitutionality of the Securities and Exchange Commission's internal judicial processes.

Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: upgrades for Boeing and C3 and downgrades for Virgin Galactic and Urban Outfitters.

Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: Tesla’s China price change; Ford resumes construction; and VW boosts wages.

Investing.com — With investors on tenterhooks over when global interest rates might start to fall, upcoming inflation data this week will be in focus. OPEC+ meets to discuss oil output cuts and data from China will give fresh insights on the economic outlook for the world’s number-two economy. Here’s what you need to know to start your week.

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

₹3,042.51-crore offering witnessed a remarkable subscription rate of 69.43 times. Bids were submitted for 312.65 crore equity shares, valued at ₹1.56 lakh crore at the upper price band, surpassing the issue size of 4.5 crore. Meanwhile, other issues also received decent responses from investors.

₹2.59 lakh crore in the five recently concluded mainboard initial public offerings (IPOs). The week-long bidding frenzy gripped investors as the five companies -Tata Technologies Ltd., Gandhar Oil Refineries Ltd., Fedbank Financial Services Ltd., Flair Writing Industries Ltd, and Indian Renewable Energy Development Agency (IREDA) Ltd sustained the IPO pulse in India's primary markets. Read more The Indian civil aviation regulator Directorate General of Civil Aviation has issued an advisory to Indian airlines on Global Navigation Satellite System (GNSS) interference in airspace.

global market cues with crude oil prices. Markets consolidated in a narrow range and ended marginally higher, taking a breather after the recent surge. After the muted start, the benchmarks tried to regain strength in the following sessions but mixed signals from the global front and divergence among the heavyweights capped the move.

₹2.59 lakh crore in the recently concluded mainboard IPOs. Apart from Tata Tech, four other mainboard IPOs were also listed this week, including Gandhar Oil Refineries Ltd., Fedbank Financial Services Ltd., Flair Writing Industries Ltd, and Indian Renewable Energy Development Agency (IREDA). Praising the smooth listing of all the issues this week in the stock market, Zerodha founder Nithin Kamath said that market regulations have improved phenomenally over the past two decades.

Nifty chose to remain in a defined range; the trading range got narrower and the Nifty oscillated in the 204.65-point range while defending the most immediate support of the 20-week MA. The benchmark index closed with net weekly gains of just 62.90 points (+0.32%). Although some intraday spikes of volatility were observed, India VIX declined by 4.21% to 11.33 on a weekly basis. While no major technical event/development took place over the past five sessions, the point of focus remains the 20-week MA which is acting as the most immediate short-term support for the Nifty.