Week Financial News

Wall Street’s three major indexes closed slightly higher on Friday to notch their third straight winning week as investors held fast to the belief that U.S. interest rates have peaked and might even fall next year.

Investing.com — In the holiday-shortened week ahead investors will be looking to the minutes of the Federal Reserve’s latest meeting for any fresh insights on the future path of interest rates. Retailers are preparing for what they hope will be another bumper holiday shopping season. Nvidia is the last megacap company to report earnings and oil prices look set to remain volatile. Here’s what you need to know to start your week.

Bollywood movie kicked off its opening day with a robust ₹44.5 crore, showcasing its massive appeal, particularly in Hindi territories where it collected ₹43 crore. The Telugu and Tamil versions added ₹1.3 crore and ₹20 lakh, respectively, to the first day's tally. The film witnessed an uptick on its first Monday, with collections soaring to ₹59.25 crore, marking a significant increase of 33.15% from Day 1, with Hindi collections peaking at ₹58 crore.

Alexa and the company’s Fire TV streaming franchise, said the company was “shifting some of our efforts to better align with our business priorities," including focusing on building capabilities powered by generative artificial intelligence. “These shifts are leading us to discontinue some initiatives, which is resulting in several hundred roles being eliminated ChatGPT-maker Open AI said Friday it has pushed out its co-founder and CEO Sam Altman after a review found he was “not consistently candid in his communications" with the board of directors.

IPO) lane will be busy in November with five companies, including Tata Technologies and Indian Renewable Energy Development Agency Ltd, tapping the primary market next week to raise over Rs 7,300 crore collectively. The other three companies whose maiden public issues are ready to open are Fedbank Financial Services, Flair Writing Industries, and Gandhar Oil Refinery India. Together, these five companies are expected to fetch more than Rs 7,300 crore through the IPOs, data from the stock exchanges showed.

global markets, easing US bond yields, and strong domestic institutional inflows suggest that the momentum in domestic equities is likely to continue this week. However, it’s the primary market that’s going to steal the limelight, as IPOs worth Rs 7,300 crore will be up for sale, led by Tata Technologies. Investors will be eagerly waiting for Tata Tech’s IPO, the first one from Tata Group in 20 years, and the fact that demand remains high, is reflected in the price as the stock is trading at a premium in the grey market. Two other major IPOs to look out for are Mini Ratna company Indian Renewable Energy Development Agency, and Fedbank Financial Services. As for the Nifty50, analysts expect the index to remain in a consolidation phase until it decisively breaches the 19,850 mark.

₹ 7,300 crore via initial public offering (IPO). Tata Technologies and Indian Renewable Energy Development Agency (IREDA) are among the biggest among six companies. ‘’In terms of the number of IPOs, India’s share in the global pie has increased sharply.

global market cues including US bond yields, crude oil prices, and performance in US markets. Domestic markets extended their bullish tone for the third successive week and gained over a per cent. The beginning was downbeat but the bias changed in the following sessions with a surge in the US markets.

Dividend Stocks: Shares of several companies will trade ex-dividend in the coming week including Coal India, Oil and Natural Gas Corporation (ONGC), Oil India, Aurobindo Pharma among others will trade ex-dividend in the coming week, starting from Monday, November 20. The ex-dividend date is the day on which the equity share price adjusts to reflect the next dividend payout. It is the day the stock becomes ex-dividend, which means it does not carry the value of its next dividend payment from that day forward.

«A breakthrough of the resistance at 19,850 by the end of the month is anticipated, potentially paving the way for further upward movement towards 20,200-20,500 levels,» says Kunal Shah, Senior Technical & Derivative analyst at LKP Securities.

The biggest among the five is Tata Technologies Ltd, which plans to raise Rs 3,040 crore through an initial public offering of shares. The second on the list is Mini Ratna company Indian Renewable Energy Development Agency Ltd, and the government is looking at raising Rs 2,150 crore through this public offer. Fedbank Financial Services is the third one that will be launching its Rs 1,092 crore IPO in the coming week.

Buy or sell stocks: After remaining net buyers for two straight sessions, FII turned net sellers again on Friday. FIIs sold out Indian shares worth ₹477 crore on Friday that turned the tide in bears' favour on last session of the week gone by. Nifty 50 index lost 33 points and ended at 19,730 levels, BSE Sensex went down 187 points and closed at 65,794 mark while Nifty Bank index corrected 577 points and finished at 43,583 levels.

action-drama has crossed the ₹200 crore mark. The film has earned around ₹13 crore, as per early estimates on Sacnilk. The day-wise net collection started strong at ₹43 crore on Day 1.

Tata Technologies IPO: The initial public offering (IPO) of Tata Technologies Ltd is going to hit Indian primary market on 22nd November 2023 i.e. on Wednesday next week. The Tata group company has fixed Tata Technologies IPO price band at ₹475 to ₹500 per equity share.

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OTT platforms have unveiled an array of fresh releases this week, spanning across genres such as action, drama, romance, and mystery. From the thrilling 'The Killer' to the intriguing ‘The Railway Men,’ the curated list ensures there's something for every taste. Popular streaming services like Disney Plus Hotstar, Netflix, and Amazon Prime Video present a diverse lineup, offering viewers a variety of options to explore.

TCS buyback 2023: Date for finalising list of eligible shareholders of Tata Consultancy Services (TCS) for buyback of shares has been fixed on 25th November 2023. The Indian IT major has informed Indian stock market bourses that it has fixed 25th November 2023 as TCS buyback record date. The IT giant also informed that TCS buyback record date has been fixed on ex-date basis, which means TCS shares would trade ex-buyback on 24th November 2023 i.e.

Almost 100 companies in the smallcap segment gave double-digit returns of up to 41% in the week ended November 18, data analysed by ETMarkets showed. While the benchmark Sensex clocked 1.4% gains on a week-on-week basis, the week was a volatile one, as the index fell in two out of the four trading sessions. However, the S&P BSE Midcap and Smallcap indices have outperformed Sensex, gaining more than 2% and 3%, respectively.

Wall Street edged higher in quiet trading, closing out a third straight winning week and keeping November on track to be its best month in a year

Citigroup is expected to announce the first round of layoffs and job changes as part of a massive restructuring on Monday, The Financial Times reported on its website.

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