‘Let go’: Country’s top economist drops big hint about the key focus area in the next budget
The 2024-25 Economic Survey will focus on deregulation. The survey aims to boost job growth and female workforce participation. It will address the 118 occupational restrictions on women across Indian states. The survey believes deregulation at state and local levels is key to increasing women’s workforce participation. The survey will be presented to Parliament on […]
Star Agriwarehousing files IPO papers with Sebi; aims to raise Rs 450 cr via fresh issue
Star Agriwarehousing and Collateral Management Ltd, a tech-driven agricultural services firm, has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO).
HEG jumps over 6% after Rs 172 crore block deal; eyes further gains on China stimulus hopes
ET Now reported that approximately 28.8 lakh HEG shares, representing 6% equity in the company, were traded at an average price of Rs 600 per share.
Gold Rate Today: Yellow metal dips to Rs 76,980/10 grams as investors await US payrolls data; Silver at Rs 92,026kg
As of 10:01 am, February gold futures on MCX dipped 0.15% to Rs 76,980 per 10 grams, while March silver futures fell 0.29% to Rs 93,026 per kg. Spot gold held steady at $2,647.17/oz, and US gold futures edged down 0.2% to $2,671.10.
FMCG’s defensive image hit as stocks fall up to 21% in 3 months. Tata Cons, Marico among top 10 bets
FMCG stocks have tumbled up to 21% in three months due to weak Q2 earnings, inflation, and slowing demand. Experts advise caution, recommending select stocks like GCPL, Marico, Tata Consumer, and liquor companies for long-term potential. Nifty FMCG is showing signs of rebounding from oversold territory.
Agarwal Toughened Glass shares list at 25% premium over IPO price on NSE SME platform
Agarwal Toughened Glass produces toughened glass by processing several types of glass. It offers a range of thickness and size options for its hardened value-added glasses.
Stocks to buy today: Axis Bank, HDFC Bank among top 9 trading ideas
The Indian market is expected to consolidate on Thursday. Nifty saw buying interest at lows, forming a Doji candle. Experts suggest trading within the 24,000-25,000 range, with immediate support at 24,350 and resistance at 24,750. Several stock recommendations are provided for short-term traders, with specific target and stop-loss levels.
Hot Stocks: Brokerage view on Shriram Finance, HDFC Bank; UBS maintains ‘Sell’ call on Hero MotoCorp
Jefferies maintains a “Buy” rating on Shriram Finance with a target of Rs 3,670, citing strong growth. JPMorgan holds a “Neutral” stance on HDFC Bank at Rs 1,750, acknowledging its “safe haven” status but highlighting growth concerns. UBS reiterates a “Sell” rating for Hero MotoCorp at Rs 3,430, anticipating intensified EV competition and financial pressures.
Indraprastha Gas shares climb 4% as board to consider bonus issue in December meeting
IGL Share Price: Indraprastha Gas (IGL) shares surged up to 4% after the company announced a proposed bonus share issue. The board will meet on December 10 to finalize the ratio and record date. The trading window closes from December 4. Analysts currently recommend a ‘Hold’ on the stock, which has seen declines in 2024.
US economy grew slightly in recent weeks, Fed survey says
The Federal Reserve’s “Beige Book” reported slight economic expansion, subdued employment growth, and modestly rising inflation. Businesses remain optimistic about future demand. The Fed is considering further interest rate cuts, despite persistent inflation, with a decision expected in two weeks. A key inflation measure remains above the Fed’s target, but policymakers believe it is declining.