Week Financial News

Apart from new offers, markets will also see listings of Cello World and Mamaearth, whose IPOs hit the Street a few days ago. Given the massive rush of public issues this year, India’s share (number of IPOs) in the global pie has increased sharply from just 6% in 2021 to 13% in the first half of 2023. Analysts expect this momentum to continue in the near future with the much-anticipated Tata Technologies IPO likely to be launched in the third or fourth week of November. «The stampede to market is expected to keep going well into 2024, with investors encouraged by strong listing gains and a robust economy. This month alone, there are 14 IPOs slated,» said Mahavir Lunawat, MD, Pantomath Capital Advisors. Next week, Protean eGov Technologies and ASK Automotive are planning to raise a cumulative Rs 1,324 crore through their public offers.

US Federal Reserve, the Bank of England and the European Central Bank, left rates unchanged this month, fuelling hopes that interest rates have peaked. The 30-share BSE Sensex closed 282.88 points, or 0.44%, higher at 64,363.78, while the broader NSE Nifty 50 gained 97.35 points, 0.51%, to settle at 19,230.60, on Friday. Gains in broader markets also supported the rally.

A Dubai-based television network broadcasting across the Middle East cut substantial portions of an episode of the satiric news program “Last Week Tonight with John Oliver” over references to Saudi Arabia’s crown prince being implicated in the killing ...

Wall Street steamrolled even higher to add more gains to its best week in nearly a year

Billboard’s Friday Music Guide is here for music enthusiasts worldwide, who are eagerly anticipating the latest releases that will dominate playlists and conversations. The list is filled with the most essential music drops this week. From BTS's Jung Kook to the legendary Beatles and the ever-intriguing Olivia Rodrigo, here are this week's top picks:

Treasury yields fell to five-week lows on Friday and two-year yields were the lowest since early September after data showed that U.S. job growth slowed more than expected in October. Nonfarm payrolls increased by 150,000 jobs last month, below economists expectations for 180,000 job gains.

70-hour work week could raise compliance issues as it violates labour laws, a senior official of staffing company TeamLease said on Friday. «If somebody is spending 70 hours (in office), they are going beyond 9 hours. There is a fundamental disconnect, when you are an employee labour law allows you to work 9 hours,» Vice President and Business Head for TeamLease Degree Apprenticeship Dhriti Prasanna Mahanta said. Former Infosys CEO N R Narayana Murthy had recently advocated for a 70-hour work week, drawing reactions from across the spectrum.

Zomato share prices gained more than 10% and scaled 52 week highs of ₹120 on Friday after the company reported a net profit of ₹36 crore during July-September quarter for fiscal 2023-24 (Q2FY24) against a net loss of ₹251 crore in the corresponding period last year. On a sequential basis also Zomato net profit during Q2 marked a significant improvement over ₹2 Crore net profit it had clocked in the April-June quarter. It is the turnaround in performance of Zomato that has been aiding the investor confidence as the share prices of Zomato have risen more than 2.5 times compared to 52 week lows of ₹44.35 seen during January' 2023 on the BSE.

UPL, HDFC Bank, HUL, Kotak Mahindra Bank, Reliance Industries, Wipro, TCS, and Asian Paints. The remaining eight include Hindustan Zinc, SBI Cards and Payment Services, Pidilite Industries, Dabur India, SRF, Vedanta, Adani Wilmar, and Adani Total Gas, Trendlyne data showed. Extending their downward trend, Hindustan Zinc shares started November on a sour note, falling 1% to ₹294.0 apiece, and in the last three months, the shares have lost 8.37% of their value.

(Reuters) — Europe's benchmark STOXX 600 rose on Friday and was set for its best week since March, led by automobile stocks as optimism around a likely end to monetary policy tightening by major central banks boosted sentiment.

Domestic benchmark index NSE Nifty gained 128.1 points to 19261.35, while the BSE Sensex traded 416.03 points up at 64496.93. On the other hand, Industrial Invst, Trans & Rectif, GKW Ltd, Senco Gold and Shriram EPC stocks hit their fresh 52-week highs today.

Investing.com-- Oil prices steadied in Asian trade on Friday after a weakened dollar and easing concerns over the Israel-Hamas war spurred wild swings over the prior sessions, although they were still set to close lower for a second straight week.

By Tom Westbrook

Oil prices were little changed on Friday, heading for their second straight week of losses as the U.S. central bank left the door open for possible future rate hikes and worries that the Middle East conflict would disrupt supply eased. Brent crude futures rose 6 cents to $86.91 a barrel by 0010 GMT, while U.S.

weekly rise in a year on Friday, while bonds rallied and the dollar was on the back foot as investors cheered a pause in U.S. interest rate hikes. U.S.

Wall Street roared higher, adding to its rally from the day before on hopes the Federal Reserve may finally be done with its market-rattling hikes to interest rates

Britney Spears' memoir «The Woman in Me» has sold over 1.1 million copies within the US alone in its first week. According to a statement released by Gallery Books, a division of Simon & Schuster, Spears stated that she has poured her heart and soul into her memoir. She went on to say that she was grateful to her fans and readers around the world for their «unwavering support».

Benchmark NSE Nifty index rose 131.55 points to 19120.7 amid buying in frontline bluechip stocks. However, stocks such as Cantabil Retail, Max Estates, Winsome Yarns, Compuage Infocom and Wonder Fibromats, touched their fresh 52-week low.

The solana price has climbed sharply this week, rallying over 50% in a matter of days.

Andy Burgess, fixed income investment specialist at Insight Investment, explained that further rate hikes were looking 'increasingly unlikely'.

Geojit Financial Services jumped 14.5% to Rs 68.9 in Wednesday's trade on BSE as the company reported a 58% YoY rise in second-quarter profit at Rs 38 crore as against Rs 24 crore a year earlier. In the quarter, the consolidated revenue stood at Rs 145 crore, up 29% as against Rs 112 crore in the corresponding period of the preceding fiscal. Earnings before investment, tax, depreciation, and amortisation (EBITDA) for the quarter jumped 44% YoY to Rs 59 crore in Q2 FY24 as compared to Rs 41 crore in Q2 FY23. For the first half, revenue increased 22% to Rs 261 crore from Rs 214 crore and it earned a profit after tax of Rs 60 crore during the period, up 30% from Rs 46 crore a year ago. At 1.14 p.m., the scrip was trading 13% higher at Rs 68 on BSE. On a year-to-date basis, the stock has also risen over 40%, while it has declined over 15% in the past 2 years. Technically, the stock's day RSI (14) is at 63.7.