HDFC Bank offers an upside potential of 18 per cent., StoxBox said. Following its merger, the bank is optimising its loan-to-deposit ratio and replacing high-cost borrowings with low-cost deposits.

Rupee rebounds from all-time low, gains 10 paise against dollar on strong equity markets and easing inflation

Travel credit cards enhance train journeys with perks like cashbacks on IRCTC, lounge access, and reward points. Evaluating their benefits and aligning them with your lifestyle can maximize savings during your travels.

SpiceJet clears ₹160.07 crore EPF dues, resolves disputes, and raises ₹3,000 crore for financial stability

Personal Loan: Advancements in technology have revolutionised personal loans by allowing online applications and quick approvals via AI. Mobile banking enhances user experience, but caution is advised to avoid scams and protect sensitive data while enjoying these conveniences.

The price band of Mobikwik IPO was fixed at Rs 265 to Rs 279 per share. The minimum lot size for an application is 53 shares.

The Nifty IT index closed 0.64 per cent at 45995.80.

Benchmark indices surge on heavy buying in telecom stocks and positive inflation data, boosting market sentiment

The Nifty Auto index closed 0.48 per cent at 23773.10.

While credit cards can simplify payments and offer rewards, relying on minimum payments can lead to substantial debt and high interest charges. Prioritise full payments and avoid unnecessary expenses to maintain financial health and improve your credit score.

The Indian rupee logged its the sixth consecutive weekly decline on Friday as pressure remained on account of heightened dollar demand in the non-deliverable forwards market and a weaker yuan while mild inflows helped the currency on the day.

Instant personal loans provide quick funds but have higher EMIs due to shorter terms. An EMI calculator is essential for accurate repayment planning, allowing users to compare loans, manage budgets, and avoid defaults while considering the potential risks of high-interest rates.

The 6% interest reimbursement will be applicable for five years or actual loan repayment period, whichever is lesser.

The principle for country diversification is just as important as it is for asset diversification. Though India’s growth story has indeed been compelling, relying exclusively on one market limits both risk-adjusted returns and true diversification.

Personal loans provide quick funds but require good credit scores. Low scores can lead to high interest and short repayment terms. To improve chances, consider secured loans, prove stable income, or apply with a guarantor, but evaluate affordability before borrowing.

Anshul Saigal, Founder of Saigal Capital, discusses promising investment sectors. The FMCG sector, after years of consolidation, is poised for growth with a recovering rural economy. Telecom, backed by government support and rising ARPUs, also presents opportunities. The cement sector, undergoing consolidation, is expected to become attractive in the coming quarters.

The multibagger stock climbed 6.53% intra day to Rs 868.50 against the previous close of Rs 815.25 on BSE. Market cap of the multibagger stock stood at Rs 7,885 crore. Later, the multibagger stock ended  1.88% higher at Rs 830.55. 

IT stocks rose on expectations of a likely US rate cut, while consumer stocks recovered after a 1% decline, as inflation data revealed elevated food prices in both rural and urban areas.

Vishal Mega Mart, MobiKwik, Inventurus Knowledge Solutions, Sai Life Sciences, and The International Gemological Institute have opened IPOs for investor participation. Except for The International Gemological Institute, which opened Friday, the other IPOs have seen strong demand, with subscriptions up to 37 times.

In-Solutions Global (ISG), backed by JP Morgan, has received RBI approval as a payment aggregator, enhancing its transaction processing capabilities

In-Solutions Global (ISG), backed by JP Morgan, has received RBI approval as a payment aggregator, enhancing its transaction processing capabilities

November 2024 saw a 4% rise in passenger vehicle dispatches, with Maruti Suzuki leading the market

IPOs of One Mobikwik Systems, Vishal Mega Mart and Sai Life Sciences shall close for bidding today, while issues of IGI and IKS Health will conclude next week.

Agricultural drones typically cost between Rs 4-5 lakh and have a payload capacity of around 8-10 litres.

European stocks slipped on Friday, and were on track to break a three-week winning streak, as investors sought clarity on the pace of monetary easing in the euro zone next year amid concerns over slowing economic growth and a potential trade war.

VFX firm Identical Brains Studios (IBS) is launching its IPO to raise Rs 19.95 crore, with a price band of Rs 51-54 per share. The issue opens on December 18 and closes on December 20. IBS plans to use the proceeds for capital expenditure, including office renovation, new studio setup, and working capital.

The regulator has sought comments from the public before it finalises a date of implementation of its proposals

Varun Goel, Senior Fund Manager at Mirae Asset, discusses market diversification and opportunities in small and mid-cap segments. He anticipates strong double-digit earnings growth in the coming year, driven by government spending and manufacturing growth. Goel highlights value in large-cap stocks, and sectors like IT, power, and select mid and small-cap companies.

The stock traded at a P/E multiple of 8.50, while the price-to-book value ratio stood at 1.34.

Coming to the other major gainers in the Nifty50 index, Mahindra & Mahindra emerged as the next gainer on the list.

The multibagger stock has clocked stellar returns of 186% in a year and gained 178.43% in 2024. In two years, the stock is up 214.37%. 

Shares of Mazagon Dock Shipbuilders and Garden Reach Shipbuilders & Engineers (GRSE) declined by up to 4.3% on Friday following a setback in India’s $6 billion plan to build submarines, due to contractor complaints about the proper procedures being followed during sea tests.

Credit cards: The Marriott Bonvoy hotel loyalty program offers members various benefits based on elite tiers. You can transfer credit card reward points and enjoy free hotel stays during vacations.

The stock quoted a 52-week high of Rs 494.85 and a 52-week low of Rs 312.60.

Personal loans are useful for urgent funds without collateral. Eligibility is influenced by factors like credit utilisation ratio, which reflects credit usage against limits. Maintaining a low ratio, can enhance credit scores and improve loan terms.

A total of 308,275 shares changed hands on the counter till 01:46PM (IST)

A total of 591,333 shares changed hands on the counter till 01:41PM (IST).

As of 30-Sep-2024, promoters held 52.63 per cent stake in the company, while FIIs held 21.23 per cent and domestic institutional investors had 8.94 per cent.

As of 30-Sep-2024, promoters held 22.9 per cent stake in the company, while FIIs held 40.72 per cent and domestic institutional investors had 15.54 per cent.

As of 30-Jun-2024, promoters held 62.93 per cent stake in the company, while FIIs held 11.25 per cent and domestic institutional investors had 4.34 per cent.

Gujarat-based Mamata Machinery has set a price band of Rs 230-243 for its Rs 179 crore initial public offering (IPO), which will open for public subscription on December 19 and remain open for bidding until December 23.

Promoters held 0.0 per cent stake in the company as of 30-Sep-2024, while FII and DII ownership stood at 17.5 per cent and 17.51 per cent, respectively.

On Friday the 13th, the Sensex plunged over 1,200 points and Nifty dropped below 24,200, but both indices later recovered. Despite the superstition around this date, market data shows it doesn’t hold true in India. Since 2000, Nifty ended in the red in only 46% of the 41 Friday the 13th sessions, with an average gain of 0.35%.

On Friday the 13th, the Sensex plunged over 1,200 points and Nifty dropped below 24,200, but both indices later recovered. Despite the superstition around this date, market data shows it doesn’t hold true in India. Since 2000, Nifty ended in the red in only 46% of the 41 Friday the 13th sessions, with an average gain of 0.35%.

A total of 674,124 shares changed hands on the counter till 01:10PM (IST)

IOC shares: Jefferies indicated a favourable risk-reward balance following correction over the past three months.

As of 30-Sep-2024, promoters held 0.0 per cent stake in the company, while FIIs held 21.55 per cent and domestic institutional investors had 10.61 per cent.

A total of 114,554 shares changed hands on the counter till 01:00PM (IST).

The stock quoted a 52-week high price of Rs 4807.05 and low of Rs 3338.80.

Toss The Coin sold its shares in the price band of Rs 172-182 apiece, which could apply for a minimum of 600 shares and its multiples thereafter to raise a total of Rs 9.17 crore.

A total of 2,187 shares changed hands on the counter till time (IST).

The stock quoted a 52-week high price of Rs 1148.30 and low of Rs 763.50.

A total of 18 Sensex stocks entered positive terrain by 12.30 pm. Only Bharti Airtel was quoting in the black earlier today. Bharti Airtel gained 4 per cent, followed by Hindustan Unilever (1.51 per cent) and UltraTech Cement (1.08 per cent).

A total of 18 Sensex stocks entered positive terrain by 12.30 pm. Only Bharti Airtel was quoting in the black earlier today. Bharti Airtel gained 4 per cent, followed by Hindustan Unilever (1.51 per cent) and UltraTech Cement (1.08 per cent).

A total of 1,229 shares changed hands on the counter till 12:34PM (IST)

A total of 32,059 shares changed hands on the counter till 12:29PM (IST).

A total of 4,597 shares changed hands on the counter till 12:24PM (IST)

A total of 10,328 shares changed hands on the counter till 12:19PM (IST)

The stock quoted a 52-week high price of Rs 8129.95 and low of Rs 3817.00.

Investec maintains a "Buy" on Medplus Health Services, targeting Rs 940, citing growth plans and strong generics adoption. Mirae Asset Sharekhan upgrades Bajaj Finserv with a target of Rs 2,350, focusing on AI, profitable growth, and structural market opportunities. Hem Securities also recommends a "Buy" on Parag Milk, targeting Rs 255, driven by strong earnings, distribution, and value-added products.

A total of 7,973 shares changed hands on the counter till time (IST).

The stock traded at a P/E multiple of 83.52, while the price-to-book value ratio stood at 18.24.

ICICI Securities prefers Bharti Airtel Ltd, InterGlobe Aviation (IndiGo), ITC, Mahindra & Mahindra (M&M), Infosys, Kajaria, Signatureglobal, LemonTree, Aurobindo Pharma and Piramal Pharma.

A total of 3,606 shares changed hands on the counter till 11:54AM (IST).

In terms of asset allocation, just to be clear, we are sort of in the neutral zone and I am referring to our asset allocation model which we use in strategies like our balanced advantage and our multi-asset allocation fund because those do take asset allocation calls.

The IPO of Mamata Machinery is entirely an offer-for-sale (OFS) upto 73,82,340 equity shares amounting to Rs 179.35 crore at the upper end of the price band.

The stock traded at a P/E multiple of -306.28, while the price-to-book value ratio stood at 10.16.

Ashok Leyland announces up to 3% price increase on commercial vehicles due to inflation and commodity prices

The stock quoted a 52-week high of Rs 11515.10 and a 52-week low of Rs 7631.10.

Inventurus Knowledge Solutions IPO was subscribed 1.55 times on day 2, with high demand from retail investors. The IPO, offering a price band of Rs 1,265-1,329, closes on December 16.

IOC shares rose 2.5% after Jefferies upgraded its rating to "buy" with a target price of Rs 185, signaling a 31% upside, citing refining margin improvements and resilient performance.

On the technical charts, the RSI of the stock stood at 52.51.

Investor wealth declined by Rs 6.93 lakh crore to Rs 451.22 lakh crore today compared with a valuation of Rs 458.15 lakh crore recorded in the previous session. 

Sensex and Nifty fell over 1% due to global and domestic concerns, with metal stocks under pressure. Analysts recommend accumulating Infosys and selling BHEL based on technical and derivative data.

The issue marks the first Real Estate Investment Trust (REIT) investments in India from the World Bank member International Finance Corporation (IFC) and Life Insurance Corporation of India.

A total of 9,198 shares changed hands on the counter till 11:11AM (IST).

Seven prominent Tata Group stocks, including Tata Motors and TCS, have experienced declines of up to 23% in the last three months due to market downturns and mixed Q2 earnings. Despite this, these stocks remain among the top wealth creators over the past five years.

A total of 148,314 shares changed hands on the counter till 11:06AM (IST)

Motilal Oswal maintains a bullish outlook on UltraTech Cement, Ambuja Cement, and JK Cement, citing strong demand recovery, price hikes, and capacity expansions, with projected growth in FY25.

A total of 12,754 shares changed hands on the counter till 11:01AM (IST)

The IPO of Jungle Camps was open for bidding between December 10-12, selling its shares in the price band of Rs 68-72 per share with a lot size of 1,600 shares to raise a total Rs 29.42 crore.

The 30-share BSE benchmark Sensex tumbled 412.8 points to 80,877.16 in early trade. The NSE Nifty tanked 129.85 points to 24,418.85.

The 30-share BSE benchmark Sensex tumbled 412.8 points to 80,877.16 in early trade. The NSE Nifty tanked 129.85 points to 24,418.85.

The stock traded at a P/E multiple of 46.80, while the price-to-book value ratio stood at 3.25.

On December 13, five stocks saw a short buildup, with rising open interest and falling prices: SAIL, IRFC, NMDC, Tata Steel, and Cholafin, indicating bearish market sentiment.

At the interbank foreign exchange, the rupee opened at 84.85 and inched up further to 84.83 against the greenback, registering a gain of 5 paise from its previous close

The BSE Senex plunged 943.10 points, or 1.16 per cent, to 80,346.86. The Nifty declined 284.75 points, or 1.16 per cent, to 24,263.95. All except Bharti Airtel declined from the Sensex pack.

The Nifty Pharma index was trading 1.73 per cent at 21844.25.

On December 13, five stocks saw a long buildup, with increased open interest and stock price rises: HAL, Jubilant FoodWorks, Bharti Airtel, Havells, and IOC, signaling a bullish market trend.

A total of 10,434 shares changed hands on the counter till 10:30AM (IST).

Analysts predict potential gains for certain stocks in 2025. Macquarie suggests Delhivery could rise over 21% to Rs 460. Motilal Oswal recommends ICICI Bank, targeting Rs 1,550 (17% upside), and Max Healthcare, aiming for Rs 1,380 (22% upside).

I think the bigger questions are quite how far they will go next year. Certainly, we are starting to see an uptick in flows into US inflation-protected bond funds and some other signs that investors are not as sanguine about where inflation will go in 2025.

The stock quoted a 52-week high of Rs 2104.95 and a 52-week low of Rs 1280.20.

International Gemmological Institute is selling its shares in the price band of Rs 397-417 apiece, which could apply for a minimum of 35 shares and its multiples to raise a total of Rs 4,225 crore.

IREDA was the top performer among retail-heavy stocks, rallying 115 per cent in 2024 so far. Suzlon Energy Ltd, Bharat Electronics Ltd and IRFC gained 72 per cent, 70 per cent and 64 per cent, respectively. 

The stock traded at a P/E multiple of 52.92, while the price-to-book value ratio stood at 27.81.

Motilal Oswal Financial Services maintains a neutral stance on Bajaj Finance with a target price of Rs 7500. Despite attractive valuations, concerns linger over asset quality challenges in the B2C loan book and the need for a higher proportion of secured loans. The company reported strong Q2 FY25 results with net profit of Rs 4010.

Indian stock markets opened lower on Friday, with Sensex and Nifty50 down 0.5% and 0.46% respectively. This decline was driven by financial, auto, metal, and IT stocks following higher-than-expected rural and urban inflation figures for November, impacting rate cut expectations. While overall inflation eased, rural and urban inflation accelerated, raising concerns.

Indian stock markets opened lower on Friday, dragged down by rising inflation concerns and foreign investor selling. While retail inflation eased in November, rural and urban inflation quickened, dampening rate cut hopes. Metal, IT, and financial stocks led the decline, though some individual stocks saw gains. Global markets also fell amid a strong dollar.

Indian stock markets opened lower on Friday, dragged down by rising inflation concerns and foreign investor selling. While retail inflation eased in November, rural and urban inflation quickened, dampening rate cut hopes. Metal, IT, and financial stocks led the decline, though some individual stocks saw gains. Global markets also fell amid a strong dollar.

Sensex Down Today: Indian stock markets tumbled over 1% on Friday, weighed down by metal stocks, a strong U.S. dollar, and uncertainty about Chinese stimulus. Higher November inflation also dampened sentiment. Sensex fell 1147 points and Nifty50 dropped 337 points. While metal stocks led the decline, only a few stocks opened in the green.

Sensex Down Today: Indian stock markets tumbled over 1% on Friday, weighed down by metal stocks, a strong U.S. dollar, and uncertainty about Chinese stimulus. Higher November inflation also dampened sentiment. Sensex fell 1147 points and Nifty50 dropped 337 points. While metal stocks led the decline, only a few stocks opened in the green.

Gold and silver prices remain volatile due to stronger US PPI data, surging dollar, and jobless claims. Gold futures opened flat at Rs 78,114, while silver fell to Rs 92,304/kg.

Indian markets anticipated a decline, mirroring global trends. Nifty futures fell, with options data suggesting a trading range between 24,000-25,000. Experts recommended buys on Varun Beverages, Voltas, LTIMindTree, HDFC Bank, and Infosys, with specified target and stop-loss levels.

Indus Towers has signed a Power Purchase Agreement with JSW Green Energy Eight for renewable energy procurement, investing Rs 38.03 crore for a 26% stake in an SPV, supporting its Net Zero goals.

Ashok Leyland shares will be in focus after securing an order from the Tamil Nadu State Transport Corporation (TNSTC) to supply 1,475 BSVI diesel passenger bus chassis, valued at approximately Rs 345.58 crore. The delivery will occur between December 2024 and May 2025, with the contract following standard business terms and no adverse conditions, the company confirmed.

The 2024 SME IPO market displayed a mixed performance, with over half of the debutants trading below their listing price. However, nineteen IPOs achieved multibagger status, showcasing significant return potential. Regulatory changes aim to enhance market stability, impacting future SME listings. A more discerning, fundamentals-driven approach is expected from both issuers and investors in 2025.

Motilal Oswal reiterates a buy call on Zen Technologies, setting a target price of Rs 2,400. The brokerage projects robust growth with a 67% revenue CAGR for FY24-27, driven by strong order inflow and improved margins. Zen Technologies reported a consolidated total income of Rs 250.31 crore in Q2 FY25, with a net profit of Rs 63.44 crore.

In the past years, the company has already initiated various transformative measures for adopting a resilient and more sustainable position. JK Tyre informed that the new loan will help to continue this transformation, for example by allowing the boiler for the expansion facility to be operated using biomass rather than coal.

We have had a spectacular comeback in terms of our equity performance and are doing very well. One of the key aspects of a closed-ended fund, such as a CAT II private credit closed-ended fund, is the distributions for earlier funds.

Adani Green Energy stock closed 6.15% higher at Rs 1218.75 on BSE in the previous session. Market cap of Adani Green Energy stood at Rs 1.93 lakh crore.

Bajaj Finance is implementing a five-year AI integration plan to boost customer engagement, revenue, and productivity while reducing costs. Managing director Rajeev Jain projects significant cost savings and improved conversion rates. The company aims to expand its customer base to over 200 million by 2029 and increase its share of retail credit.

MOFSL likes 360 ONE WAM and suggested a target price of Rs 1,350 on the stock. Fortifying its leadership in the UHNI segment through geographical expansion, the AMC is well poised for sustained growth in alternate space, MOFSL said.

IKS Health sees massive growth in US healthcare. The company leverages technology, including AI, to deliver efficient solutions. It aims to expand its market share in the US. IKS Health is also eyeing potential expansion into the Australian and Canadian markets. The company plans to bring its expertise to India in the future.

The multibagger stock closed 0.25% higher at Rs 4722 on BSE in the previous session. Market cap of the firm rose to Rs 3.11 lakh crore on BSE.

The multibagger stock closed 0.25% higher at Rs 4722 on BSE in the previous session. Market cap of the firm rose to Rs 3.11 lakh crore on BSE.

Zomato faces a Rs 803 crore GST demand notice, prompting an appeal from the company. This follows recent scrutiny of their "100% Green Deliveries" claim and a Q2 report showing a 389% net profit increase to Rs 176 crore, despite missing estimates.

Zomato shares have rallied 138 per cent in the past one year. The stock, however, has seen some selling of late amid concerns over the entry of Amazon in the quick commerce space. 

India boosted its defense capabilities. The government cleared a deal for 100 K-9 Vajra howitzers. These will be made by Larsen & Toubro. Another deal was signed with Hindustan Aeronautics Ltd for 12 Su-30MKI fighter jets. These projects will also benefit smaller businesses. The deals are worth thousands of crores of rupees.

​One of the things that we need for NBFCs to do is, today if you see the upper layer NBFCs are regulated a lot more than what they were previously and almost similar to banks. So, I think it is important to get NBFCs, to give the upper tier, fewer, whatever NBFCs they want to have a higher norm, to get public deposit taking licenses.

Now, there could be demand optimism because real estate is doing well, infra projects are doing well, etc, but that is not reflected so much in the numbers but next year could be better for volumes overall.

Stocks including Zomato, Hindustan Aeronautics, Tata Motors, YES Bank, Adani Green, Ashok Leyland, NHPC, GR Infra and more will be in the spotlight on Friday, December 13.

An analyst from JM Financial said that Post the stellar performance in the 1st half of 2024, HAL in the last 5 months had declined from a high of Rs 5,675 to a low of Rs 3,920.

Six stocks, including Granules India, Hindustan Copper, and PVR Inox, were under F&O trade ban on Friday due to high open interest exceeding market-wide position limits. Nifty and Sensex closed lower on Thursday, impacted by selling in bank, auto, and FMCG sectors.

Oil prices dipped slightly on Friday amid predictions of ample supply, despite anticipated higher demand from Chinese stimulus. Non-OPEC+ nations are projected to boost supply, exceeding demand growth. However, tighter sanctions on Russia and Iran, along with Chinese stockpiling, contributed to a weekly price gain for Brent and WTI.

The Australian and New Zealand dollars struggled near multi-month lows due to rising U.S. Treasury yields. Chinese stimulus offered minimal support, while rate cuts in Switzerland and Europe provided some relief. The Aussie held gains against the yen but fell against the U.S. dollar amid shifting rate cut expectations.

Indian equity indices closed lower on Thursday as investors awaited inflation data. UltraTech Cement, Bajaj Auto, and DMart experienced declines. Analysts suggest cautious approaches for these stocks, recommending waiting for confirmed breakouts or reversals before investing.

Global stocks have surged despite central bank liquidity drainage. As this reverses in 2025, with major economies easing policy and the Fed potentially ending quantitative tightening, markets anticipate a liquidity boost. While the relationship between liquidity and asset prices is complex, a large Fed balance sheet could signal ongoing support, potentially fueling further market gains.

Global stocks have surged despite central bank liquidity drainage. As this reverses in 2025, with major economies easing policy and the Fed potentially ending quantitative tightening, markets anticipate a liquidity boost. While the relationship between liquidity and asset prices is complex, a large Fed balance sheet could signal ongoing support, potentially fueling further market gains.

Japanese and Australian shares declined and equity futures for Hong Kong signaled losses after selling on Wall Street hit stocks and government bonds Thursday. The Nasdaq 100 slid 0.7% while the S&P 500 fell 0.5% as traders weighed higher-than-expected jobless claims against too hot producer price data.

A cut in cash reserve ratio (CRR) by 50 bps to 4%, effective from December 14 in two phases, will infuse Rs 1.16 lakh crore into the banking system.

The warning letter dated December 9 was received by the bank on December 11. The stock, about a percentage point away from all-time highs, retreated 0.3% Thursday, in line with the broader market.

Not all bears hibernate

Booking a flat creates ownership rights, leading to tax implications on sale

​​India pharma companies’ progress in complex generics, stable US pricing and steady sales growth in India led to fund houses buying into stocks like Alembic Pharma, Divis Labs, Glenmark, Medplus, Orchid and Sanofi Consumer.

"Demand from local importers continued to keep the rupee under pressure. There were some inflows, but they were all absorbed by the RBI. The central bank was seen protecting levels of 84.87 to 84.88 but RBI interventions did not change the direction of the pair," said Anil Bhansali, head of treasury at Finrex Treasury Advisors.

Indian banks saw a 10.6% rise in public deposits to ₹224.7 lakh crore between November 2023 and November 2024, matching the growth in credit. Both term and demand deposits achieved double-digit growth. This balanced growth follows regulatory concerns about potential overheating in retail credit, leading to a more sustainable credit-deposit ratio.

India has achieved $1 trillion in cumulative FDI since 2000, driven by a favorable business environment and innovation. The first half of the current fiscal year saw a 26% surge in FDI to $42.1 billion. Taiwanese companies are increasingly investing in India, exceeding $665 million between 2018 and 2024, due to global trade tensions.

Bengaluru-based jewellery retailer BlueStone Jewellery and Lifestyle has filed its DRHP with SEBI. It plans to allocate Rs 750 crore from the fresh issue towards working capital requirements and general corporate purposes. 

WGC expects modest gold growth in 2025, contingent on central bank demand and financial conditions. Stronger-than-expected central bank demand or a deterioration in financial conditions could drive upside. However, a reversal in monetary policy or a stronger-than-expected economic recovery could pose challenges.

Indian markets closed lower on the weekly expiry day, dragged by bank stocks. Nifty slipped below recent consolidation, indicating a potential short-term correction. The index is currently trading in a range of 24,470-24,700. A decisive break below 24,470 could trigger a deeper correction.

Financial services company Capital Group on Thursday exited Neuland Laboratories by selling 3.77 per cent stake in the company for Rs 756 crore through an open market transaction. Neuland is a leading global API Contract Development and Manufacturing Organisation.

Timeless principles and smart strategies to secure your financial future, one investment at a time.

Bajaj Finance, a leading Indian consumer financier, is implementing a five-year AI integration plan. This aims to boost customer engagement, revenue, and productivity while cutting costs. The company projects a significant increase in customer base and market share by 2029, leveraging AI for enhanced customer outreach and operational efficiency.

Despite market decline, 10 BSE IT stocks hit 52-week highs. This indicates strong stock performance and potential future upside. Investors often monitor such highs for investment opportunities.

Stocks hitting fresh highs on Thursday included Infosys, up nearly 1%, Wipro, which closed flat after paring gains, and HCL Technologies, up 0.2%.

As per BSE data available on Thursday, MobiKwik saw the highest bidding out of the three mentioned public offers as the issue was booked 20.41 times.

Gold prices climbed Rs 500 to Rs 80,900 per 10 grams in the national capital on Thursday due to persistent buying by retailers and jewellers, according to the All India Sarafa Association.

The Nifty retested the rounding bottom breakout at 24,540, undergoing a time-wise correction in recent days. Once complete, an upward move is expected, with key support at the 100-DEMA near 24,350.

ASK Hedge Solutions has launched its second AIF, ASK Index Plus Fund, targeting HNIs. This fund combines equity exposure with a long-short strategy, using a rule-based approach to focus on momentum and low-volatility stocks. The fund aims to deliver consistent returns and mitigate risks through active management and index derivatives.

Bariatric surgery, while generally excluded from health insurance coverage, can be payable if specific conditions are met.

The focus should also be on the mental health of India’s demographic dividend, the prevalence of massive screen time, sedentary habits and ultra-processed food consumption is making a whole generation anxious, depressed and prone to suicidal thoughts,he says

The focus should also be on the mental health of India’s demographic dividend, the prevalence of massive screen time, sedentary habits and ultra-processed food consumption is making a whole generation anxious, depressed and prone to suicidal thoughts, said V. Anantha Nageswaran

The Nifty Bank index closed 0.33 per cent at 53216.45.

Indian markets ended lower on Thursday as IT sector gains, fueled by hopes of a US rate cut next week, were offset by losses in most sectors amid caution ahead of domestic inflation data.

Ahead of the IPO, Purple United Sales’ unlisted shares traded at Rs 176 each in the grey market on Thursday, showing a premium of 39.68% over the upper end of the IPO price band of Rs 126.

On a month-on-month basis, the Consumer Price Index was 0.15% lower than in October and the Food Price Index was down 0.6%, with urban consumers witnessing higher relief.

On a month-on-month basis, the Consumer Price Index was 0.15% lower than in October and the Food Price Index was down 0.6%, with urban consumers witnessing higher relief.

Inflation remains high in rural India, eases in cities; vegetables inflation eases from 42% in October to 29%; pulses inflation drops to two-year low; oils and fats inflation shoots up 13%