Week Financial News

Wall Street rallied on Friday, with the tech-heavy Nasdaq Composite posting its biggest one-day percentage gain since May 26, amid growing doubts that the Federal Reserve will raise interest rates again.

Investing.com — Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: Lucid commits to NACS in 2025; Tesla slumps in China; and XPeng delivers big.

Investing.com — In the coming week U.S. inflation data will be closely watched, along with comments from several Federal Reserve officials, which will help investors shape their views on the future path of interest rates. Retailers are due to report earnings against a background of persistent concerns over inflation and the economic outlook and oil prices look set to remain volatile. Here’s what you need to know to start your week.

₹17,000 crore per month. Also Read: Down 4%, Nifty Midcap 150 declines more than Nifty 50 in October on global headwinds On Friday, the domestic equity benchmarks Sensex and Nifty 50 settled higher on Friday supported by fag-end buying in select heavyweights, including HDFC Bank and ITC, despite weak global cues. Nifty 50 ended at 19,425.35, up 30 points, or 0.15 per cent, while the 30-share Sensex pack ended 72 points, or 0.11 per cent, higher at 64,904.68.

IPOs Next Week: The primary market witnessed some major listings in both main board and small- and medium-sized enterprise (SME) segments last month, which kept investors engaged with subscriptions and listings. Moving on, the upcoming holiday-shortened week post Diwali sees strong market buzz - similarly packed with new listings and initial public offering (IPO) issues, that are available for subscription. Let's take a look at the companies that are opening for subscription this week, along with few that are getting listed on the bourses.

The price of Solana (SOL) has soared 40% this week to establish a new 2023 high at around $58. 

Dividend Stocks: Shares of several companies will trade ex-dividend in the coming week including Power Grid Corporation of India, Indian Railway Catering and Tourism Corporation (IRCTC), Indraprastha Gas Ltd (IGL), United Spirits, MRF, among others will trade ex-dividend in the coming week, starting from Monday, November 13. 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.

Bitcoin is climbing for a fourth consecutive week, with the digital token’s price lingering just below an 18-month high of $38,000, as more investors bet that US exchange-traded funds that hold the largest cryptocurrency are on the verge of winning regulatory approval. “We are referring to the current Bitcoin rallies internally as, ‘nothing for sale’ rallies, said Stephane Ouellette, co-founder and chief executive of FRNT Financial. “On even the slightest positive news, whether ETF related or otherwise, Bitcoin is seeing very little resistance to the upside and is having the propensity to ‘gap.’ The dynamic speaks to the impressively strong price base Bitcoin has developed post-FTX.” Bitcoin rose as much as 2.5% to $37,465 on Friday. It climbed within a hair of $38,000 on Thursday, the highest price since May 2022. That was when the collapse of the TerraUSD stablecoin set off a chain of failures across the sector that culminated in the implosion of Sam Bankman-Fried’s FTX exchange a year ago from tomorrow. The US Securities and Exchange Commission is expected to approve a spot Bitcoin ETF by Jan. 10, according to Bloomberg Intelligence analysts. Bitcoin has surged almost 40% over the past four weeks on growing speculation that approval was imminent.

selling spree in the Indian market, pulling out their money for 9 weeks in a row. In fact, this is the 3rd largest selling streak by FIIs since the year 2000. They have withdrawn Rs 39,794.6 crore in this streak.

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Investing.com — It’s not everyday that you get to read a Phil Flynn note that’s virtually bearish on oil. But to hear one of the market’s loudest oil bulls admit that people have been fleeing the long crude game like rats abandoning a sinking ship should be a wake-up call to those who kept drumming for a return to $100 pricing in recent weeks.

Also Read: Rupee depreciates 6 paise to settle at an all-time low of 83.34 against the US dollar This week’s edition rose by $4.7 billion, adding to the $2.6 billion rise in the prior week ending October 27. Changes in foreign currency assets, expressed in dollar terms, include the effect of appreciation or depreciation of other currencies held in its reserves Also Read: Gold ETFs shine on Dhanteras! Net inflow surges to ₹841 crore in October over safe haven appeal RBI Governor, Shaktikanta Das, on Thursday, said that India’s current account deficit is “eminently manageable".

Associated Press reported on Friday. The White House said earlier that it anticipated Biden and Xi would meet on the sidelines of the Asia-Pacific Economic Cooperation summit (APEC) in San Francisco. However, the negotiations went down to the eve of the gathering, which kicks off Saturday, the report said.

US Federal Reserve as well as declining crude oil prices. The domestic institutional investors (DIIs) tried to counterbalance the sell-off and emerged net buyers as they infused ₹823 crore in Indian stocks today. As per the NSE data, FIIs cumulatively bought ₹6,583.57 crore of Indian equities, while they sold ₹6,845.38 crore --- resulting in an outflow of ₹261.81 crore on Friday.

Investing.com — Oil prices rose Friday, finding some support as a difficult week comes to end, as market attention turns to a key meeting of OPEC and its allies later this month.

Investors should brace for fresh turmoil next week as the stock market faces several market-moving events, including key economic data as well as earnings from the major U.S. retailers.

The Pepe Coin price has dropped by 1% in the past 24 hours, slipping to $0.00000128 as the cryptocurrency market as a whole enjoys a 2% increase today.

Elon Musk in the US next week as the two sides look to advance the carmaker's plan to enter the South Asian market, news agency Reuters recently reported. In the US, Goyal will also participate in the investors' roundtable along with meetings with chief executives of top companies.

The proposed $20 billion takeover of Origin Energy by a private North American duo has now won support from all major proxy advisers, paving the way for a nail-biting lead-up to a decisive shareholder vote on a deal that is opposed by the electricity supplier’s biggest investor.

Benchmark NSE Nifty closed 30.05 points up at 19425.35 amid buying in frontline bluechip counters. However, stocks such as M K Proteins, Hindcon Chemicals, Compuage Infocom, AKG Exim Ltd.

Cryptocurrency exchange Binance is progressing with its exit from Russia and is preparing to terminate local currency deposits next week.