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As of 3:27 p.m., the S&P 500 and Nasdaq 100 futures were trading 0.18% and 0.37% lower, respectively. The Dow Jones Industrial Average future was 0.08% down.
US: Prelim GDP QoQ
US: Unemployment Claims
US: Core Durable Goods Orders MoM
US: Durable Goods Orders MoM
US: Prelim GDP Price Index QoQ
US: Goods Trade Balance
US: Prelim Wholesale Inventories MoM
US: Chicago PMI
US: Core PCE Price Index MoM
US: Pending Home Sales MoM
US: Personal Income MoM
US: Personal Spending MoM
US: Crude Oil Inventories
US: Natural Gas Storage
Rupee weakened by 11 paise to close at 84.45 against US Dollar.
It closed at 84.34 on Tuesday.
Source: Bloomberg
Nifty and Sensex resumed their rally after one-day fall
Both Nifty and Sensex recorded highest closing since November 6
Intraday, both Nifty and Sensex rose over 0.6% to hit their highest levels since November 7
Nifty ended 0.3% or 82.65 points up at 24277.15
Sensex ended 0.3% or 238.75 points higher at 80242.81
Broader indices outperformed. Nifty Midcap 100 ended 0.6% up and Nifty Smallcap 250 closed 1% higher
Most sectoral indices rose with Nifty Energy gaining the most
Adani Enterprises and Adani Ports were top Nifty gainers
Apollo Hospitals and Titan Co. fell the most
Adani Group Adds Over Rs 1.25 Lakh In Market Cap, Led By Gains In Adani Enterprises And Adani Ports
Tube Investments of India has entered into share subscription pact for acquiring 67% stake in Kcaltech Systems India for Rs 62 crore, an exchange filing said.
Shares of NTPC Green Energy Ltd., the renewable energy arm of state-owned NTPC Ltd., debuted on the Indian bourses at a premium of 3.33% over the issue price of Rs 108 per share. The scrip then surged to hit the upper circuit.
While the listing has sparked investor interest, there might be doubts about whether the company’s IPO valuation now exceeds its inherent value.
Find out here.
Akzo Nobel has got show cause notice of Rs 44.5 crore including interest & penalty from Karnataka GST Department for disallowance of ITC & tax due for period from April`20 to March`21, an exchange filing said. Company is in process of responding to notice within stipulated time.
Vehicle launched in two models- swappable battery and fixed battery
Swappable model to be available in Delhi Mumbai Bengaluru
Fixed battery model to be available across the country
Targeting to create dense network of swapping battery stations
Booking to start from January 2025, deliveries to follow in February
Honda to provide 3 free services for first year and 3 year warranty
To launch first concept store in Bengaluru by last quarter of fiscal
Source - Launch event
Adani Energy Hits Upper Circuit After Clarification On US Bribery Charges
Ola Vs Bajaj Auto: Citi Prefers Former As It Initiates Coverage With 'Buy'
Prestige Estates Share Price Falls After Morgan Stanley Downgrade
Ola Electric Share Price Soars To Best Session In Over Two Months After New Launches
NTPC Green Energy Lists At 3.33% Premium Over Issue Price
Adani Stocks Rise After Green Energy Arm Clarifies On US Allegations
Wipro Share Price Hits Highest Level In More Than Two Years After Bagging $100-Million Deal
At pre-open, Nifty was at 24,204.80, up 0.04% or 10.30 points and Sensex was at 80,121.03, up 0.15% or 116.97 points.
-The yield on the 10-year bond opened flat at 6.85%.
-It closed at 6.85% on Tuesday.
Source: Bloomberg
-Rupee weakened by 5 paise to open at 84.39 against US Dollar.
-It closed at 84.34 on Tuesday.
Source: Bloomberg
Gautam, Sagar Adani And Vneet Jaain Not Named In US Justice Department's Bribery Charges
Bernstein has maintained its outperform rating on Zomato with a target of Rs 335, implying 20% upside. It said past precedents suggests that market leader almost always maintains leadership. Market size in India can reach 9,300 dark tores by 2030 and 70% of dark stores are in Metro and Tier1 cities, 30% in Tier2+ cities. Dark stores can do 2500 orders per day, it said noting BlinkIt is at 41% utilisation and is best placed in terms of cash with QIP providing larger war chest.
Retains Buy with a target price Rs 8,856, which implied a 22.2% upside
Revenue growth stood in line with estimates
Ebitda margin witnesses 240 bps expansion, ahead of estimates
Healthy execution across mobility and energy segments
Believes potential annual orders reaching Rs 40,000 crore over 2–3 years
Marginally trim estimates by 6%/ 13% for FY26/ 27 on execution
Gold Prices Fall Further To Rs 75,420, Global Rates Hold Over $2,600 Mark
Initiates Coverage with Overweight rating TP Rs2200, 17% upside,
Hyundai's premium portfolio, market share gains, and operational efficiencies as key drivers
Hyundai's 68% portfolio comprises the high-profitability SUV segment.
Market share expected to increase from 14% in FY25 to 15% in FY27
FY24 EBIT/vehicle at Rs. 89,000, a 43% premium compared to peers
Valued at a Mar-27 P/E of 25x.
Most stock indices of the Asia–Pacific were trading lower as market participants parse Australia CPI data which came lower than expected along with China's industrial profits data, which fell 10% in October from a year ago.
At 7: 47 a.m., Australia's ASX 200 and South Korea's Kospi were trading higher by 0.5% and 0.1%, while Japan's Nikkei and Hong Kong's Hang Seng were 0.7% and 0.2% lower.
On Tuesday, the S&P 500 and Dow Jones Industrial Average notched a fresh high as Israel and Hezbollah reached a ceasefire agreement, Bloomberg reported. At close, S&P 500 was up 0.57% at 6,021.63, Dow Jones was 0.28% higher at 44,860.3, and Nasdaq Composite was up 0.63% at 19,175.58.
Investors now await the release of personal consumption expenditures price index due later Wednesday.
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