3 market movers: small-cap breakout, US debt auctions, crypto
3 market movers: small-cap breakout, US debt auctions, crypto

3 market movers: small-cap breakout, US debt auctions, crypto

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Diverging Reports Breakdown

Stock Market Highlights: Nifty forms Hammer candle on charts. How to trade on Wednesday

Nifty has formed a hammer candlestick pattern near a multiple support zone, indicating strength. As long as the index holds the recent low of 22,725, a buy-on-dips strategy remains favorable. The Dow Jones Industrial Average rose 37.8 points, or 0.08%, at the open to 44583.91. Wall Street’s main indexes opened higher on Tuesday, as investors focused on potential tariff developments and the U.S. Federal Reserve’s interest-rate strategy following last week’s drop in Treasury yields. The highest OI on the call side was observed at 23,200 and 23,000 strike prices, while on the put side, the highest. OI was at 22,700 strike price followed by 22,900. The volatility index, India VIX, cooled off from 16.32 levels, declining 0.36% to 15.67.Sebi has proposed to strengthen the authentication by way of SIM binding mechanism — One UCC-One Device-One SIM– similar to that of UPI payment applications.

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Technically, on a daily scale, Nifty has formed a hammer candlestick pattern near a multiple support zone, indicating strength. As long as the index holds the recent low of 22,725, a buy-on-dips strategy remains favorable. The 21-Day Simple Moving Average (DSMA) at 23,240 acts as an immediate hurdle, and a decisive move above this level could confirm a near-term bottom reversal, said Hrishikesh Yedve of Asit C. Mehta Investment Interrmediates. In the open interest (OI) data, the highest OI on the call side was observed at 23,200 and 23,000 strike prices, while on the put side, the highest OI was at 22,700 strike price followed by 22,900.

Stock Market Highlights: The Nifty index opened flat, and witnessed selling pressure in the first half, but saw a sharp recovery in the second half, ultimately settling marginally lower at 22,945. The volatility index, India VIX, cooled off from 16.32 levels, declining 0.36% to 15.67.

Sebi mulls tech-based measures to prevent unauthorised transaction in investors’ demat account

Sebi has proposed to strengthen the authentication by way of SIM binding mechanism — One UCC-One Device-One SIM– similar to that of UPI payment applications.

To create a secure trading environment, markets regulator Sebi on Tuesday proposed to strengthen authentication using a SIM binding mechanism with mobile devices and the client’s UCC similar to that of UPI payment applications.Sebi has proposed to strengthen the authentication by way of SIM binding mechanism — One UCC-One Device-One SIM– similar to that of UPI payment applications. Read More

US stocks open higher with Fed rate policy, Trump tariffs in focus

The Dow Jones Industrial Average rose 37.8 points, or 0.08%, at the open to 44583.91. The S&P 500 rose 7.0 points, or 0.11%, at the open to 6121.6, while the Nasdaq Composite rose 63.8 points, or 0.32%, to 20090.554 at the opening bell.

Wall Street’s main indexes opened higher on Tuesday, as investors focused on potential tariff developments and the U.S. Federal Reserve’s interest-rate strategy following last week’s drop in Treasury yields.The Dow Jones Industrial Average rose 37.8 points, or 0.08%, at the open to 44583.91. The S&P 500 rose 7.0 points, or 0.11%, at the open to 6121.6, while the Nasdaq Composite rose 63.8 points, or 0.32%, to 20090.554 at the opening bell. Read more

Vedanta receives 83% creditor approval for demerger plan

Vedanta Ltd. has received 83% creditor approval for its proposed demerger, clearing a crucial hurdle for its restructuring plan. The proposal required support from at least 75% of creditors by debt value to move forward. With this approval, Vedanta is set to proceed with splitting its businesses into independent entities, allowing each vertical to operate separately. Read More

Restaurant Brands takes full control of Burger King China Restaurant Brands International said on Tuesday it has bought stakes in Burger King China from its local franchisee for about $158 million, giving it nearly total ownership of the business.

The fast food chain operator said it would engage its advisors to work on identifying a new local partner to invest into the business.

Sebi orders disgorgement of Rs 6.17 cr from Mawana Sugars promoter Capital markets regulator Sebi on Monday directed one of the promoters of Mawana Sugars to disgorge Rs 6.17 crore obtained through insider trading in securities of the company. The order came after Sebi conducted an investigation into the trading activities of Siddharth Shriram, promoter and special advisor of Mawana Sugars Ltd (MSL), for the period from September 2017 to February 2018, while allegedly in possession of unpublished price-sensitive information (UPSI).

The Securities and Exchange Board of India (Sebi) conducted the investigation to ascertain the possible violations of provisions of markets norms and Prohibition of Insider Trading (PIT) rules.

Sebi cancels registration of 19 defunct FVCI companies Capital markets regulator Sebi on Tuesday cancelled the registration of 19 defunct FVCI (Foreign Venture Capital Investors) after they failed to meet the eligibility criteria. The 19 entities include Axis Capital Mauritius, Axis India Infrastructure Holdings, Blackstone Capital Partners (Singapore) VI FVCI Pte Ltd, P6 Asia Holding Investments (Cyprus) Ltd, Pequot India Mauritius IV, Ltd and Omega FVCI Investments Pte Ltd.

In its order, Sebi noted that these defunct FVCI companies are no longer in existence as incorporated entities in their respective jurisdictions and thereby no longer satisfy the condition of being an entity incorporated outside India as stipulated in the FVCI Regulations.

Sebi asks AMCs for NFO fund deployment within prescribed time; ensure MF stress test disclosure Markets regulator Sebi has amended mutual fund rules asking asset management companies (AMCs) to deploy the money collected from investors through New Fund Offers (NFOs) in a prescribed time limit. Additionally, the regulator has mandated disclosure of stress testing for mutual fund schemes to provide greater transparency to investors.

These measures, to be implemented from April 1, 2025, are aimed at enhancing operational flexibility for mutual funds while ensuring greater accountability and trust among investors.

Indian equities to face volatility before recovery in H2 2025: Emkay Indian equity markets are expected to experience increased volatility in the near term, with a gradual recovery anticipated in the second half of 2025, according to a report by Emkay Institutional Equities.

The brokerage projects the Nifty index to reach 25,000 by December 2025, driven by an uptick in consumption, a revival in unsecured lending, and greater government welfare spending. Emkay said it remains overweight on the discretionary, real estate, and healthcare sectors, citing robust demand potential, while it has downgraded industrials, IT, and energy to a neutral stance. Financials, Staples, and Materials remain Underweight due to valuation concerns and structural challenges.

A rebound in discretionary consumption is expected over the next two to three quarters, supported by improved IT hiring, better liquidity conditions, and an increase in retail lending. Government-led welfare initiatives, particularly women-focused schemes, along with strong winter crop sowing, are also expected to stimulate rural demand.

Tech view: Nifty holds 22,725 support. How to trade on Wednesday The Nifty index opened flat, and witnessed selling pressure in the first half, but saw a sharp recovery in the second half, ultimately settling marginally lower at 22,945. The volatility index, India VIX, cooled off from 16.32 levels, declining 0.36% to 15.67.

Technically, on a daily scale, Nifty has formed a hammer candlestick pattern near a multiple support zone, indicating strength. As long as the index holds the recent low of 22,725, a buy-on-dips strategy remains favorable. The 21-Day Simple Moving Average (DSMA) at 23,240 acts as an immediate hurdle, and a decisive move above this level could confirm a near-term bottom reversal, said Hrishikesh Yedve of Asit C. Mehta Investment Interrmediates.

In the open interest (OI) data, the highest OI on the call side was observed at 23,200 and 23,000 strike prices, while on the put side, the highest OI was at 22,700 strike price followed by 22,900.

US emerges as 5th top oil seller to India in January, Russia at No.1 India’s oil imports from the United States rose sharply in January from December, turning Washington as the fifth largest oil supplier to New Delhi, data obtained from trade sources show.

India shipped in 218,400 barrels per day of oil from the U.S. compared to 70,600 bpd in December, the data showed.

Refiners in India, the world’s third biggest oil importer and consumer, are bracing for higher imports of energy from Washington, as New Delhi looks to boost its energy purchases from the U.S. to $25 billion from $15 billion last year. India’s imports from its top oil supplier Russia rose 4.3% last month to 1.58 million barrels per day, per data.

Gold rises Rs 300 to Rs 88,500 per 10 gm, silver climbs Rs 800 Gold prices rose Rs 300 to Rs 88,500 per 10 grams in the national capital on Tuesday amid firm global trends, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had ended at Rs 88,200 per 10 grams on Monday.

Silver prices also jumped Rs 800 to Rs 99,000 per kg from the previous close of Rs 98,200 per kg.

Swasth Foodtech India IPO opens on Thursday. Co sets issue price at Rs 94 per share The initial public offering (IPO) of Swasth Foodtech India will open for subscription on February 20, Thursday and the company has set the price band at Rs 94 per equity share. The stock will be listed on the BSE SME platform and the company has aimed to raise Rs 14.92 crores.

The issue will close on February 24, 2025.

NTPC pays interim dividend of Rs 2,424 cr State-owned NTPC on Tuesday said it has paid an additional Rs 2,424 crore of interim dividend to its shareholders in the financial year ending March 2025. This is in addition to the first interim dividend of Rs 2,424 crore paid in November 2024, NTPC said in a statement.

The Rs 2,424 crore dividend paid on February 18 is 25 per cent of the paid-up equity share capital of the company.

The total dividend paid by the company during the ongoing fiscal has reached Rs 8,000 crore, which includes the final dividend of Rs 3,152 crore for the financial year 2023-24 paid in September 2024.

IPO-bound NSE’s valuation jumps 200% to Rs 4.7 lakh cr: Report The IPO-bound NSE’s valuation jumped 201 per cent in 2024 to Rs 4.7 lakh crore, a report said on Tuesday. The largest India equity bourse, which is reported to have restarted its listing process by applying for a no-objection from markets regulator Sebi, is already the 10th-most valuable private company in the country, as per the 2024 Burgundy Private Hurun India 500 list of listed as well as unlisted companies.

India’s Pension AUM to grow to Rs 118 trillion by 2030: DSP Pension Fund Managers DSP Pension Fund Managers projects a substantial growth in India’s pension assets under management (AUM), estimating a total of Rs 118 trillion by 2030, with the National Pension System (NPS) expected to constitute approximately 25% of this total. This surge is anticipated to be fueled by evolving Indian demographics and their subsequent effects, according to a press release.

Stock Market Highlights | Nifty Auto extends losses for 7th consecutive session; M&M top loser

Stock Market Highlights | Rupee ends lower as NDF maturity spurs dollar bids, Asian peers decline The Indian rupee weakened on Tuesday, pressured by dollar demand from NDF maturities and regional currency declines. RBI’s likely intervention helped limit losses. The rupee closed at 86.95 per dollar, down 0.1%.

Stock Market Highlights | Advance-decline ratio tilted in favour of sellers

Stock Market Highlights | 13 out of 30 Sensex stocks end in green

Stock Market Highlights | Nifty ends below 22,950

Stock Market Highlights | Sensex settles marginally lower

Sensex Today | Stock Market LIVE Updates: Nifty Bank recovers over 300 points off day’s low but trades in red

Sensex Today | Stock Market LIVE Updates: Sensex rebounds over 450 pts from day’s low, trades in green

Sensex Today | Stock Market LIVE Updates: Nifty gainers & losers in afternoon trade

Sensex Today | Stock Market LIVE Updates: These stocks hit fresh 52-week lows on Tuesday

Sensex Today | Stock Market LIVE Updates: These 8 stocks get a rating upgrades from Nuvama after Q3 earnings

Sensex Today | Stock Market LIVE Updates: RIL arm signs agreement with Centre for 10 GWh capacity: Report

Global Market Update: Europe stocks continue record run on defence sector boost European shares hit a record high on Tuesday as defense stocks surged on expected military spending, while IT losses, led by Capgemini, limited gains. The STOXX 600 rose 0.2% to 555.42, with the aerospace and defense index up 1%.

Sensex Today | Stock Market LIVE Updates: Nifty Consumer Durables index cracks nearly 2% to become top sectoral loser

Stock Market LIVE Updates | Junior Nifty’s underperformance may reverse, predicts JM Financial The Nifty Next 50 is down over 13% in 2025, trading 24% below its September 2024 peak of 77,918. JM Financial sees the correction as a potential buying opportunity, with technical indicators hinting at a reversal.

Global Market Watch: Japan’s Nikkei gains on softer yen; investors snap up banks and defence stocks Japan’s Nikkei gained 0.3% to 39,270.40 on Tuesday, supported by bank and defence stocks amid rate-hike bets and a weaker yen boosting exporters. The Topix also rose 0.3% to 2,775.51.

Sensex Today | Stock Market LIVE Updates: Oil inches up on Kazakhstan supply disruption Brent crude rose 0.3% to $75.45 per barrel on Tuesday, extending gains after a drone attack on a Russian pipeline cut Kazakhstan’s oil flows. However, expectations of rising supply limited further gains.

Sensex Today | Stock Market LIVE Updates: Nifty auto index cracks nearly 1%; top laggards

Sensex Today | Stock Market LIVE Updates: SMID indices lag benchmarks, drop up to 2%

Sensex Today | Stock Market LIVE Updates: All major sectoral indices, barring IT, trade in the red

Sensex Today | Stock Market LIVE Updates | Japan’s Nikkei gains on softer yen; investors snap up banks and defence stocks Japan’s Nikkei share average ended higher on Tuesday, with investors favoring banks on expectations of rate hikes and defense stocks, following a positive performance by their European counterparts overnight. A weaker yen also provided a boost to exporters.

The Nikkei gained 0.3%, closing at 39,270.40, marking its second consecutive day of gains. The broader Topix also rose 0.3%, finishing at 2,775.51.

Sensex Today | Stock Market LIVE Updates | Gold futures rise Rs 504 to Rs 85,559/10g Gold prices on Tuesday rose by Rs 504 to Rs 85,559 per 10 grams in futures trade as speculators created positions on a firm spot demand. On the Multi Commodity Exchange, gold contracts for April delivery traded higher by Rs 504 or 0.59 per cent at Rs 85,559 per 10 grams in a business turnover of 15,912 lots.

Fresh positions built up by participants led to a rise in gold prices, analysts said.

Sensex Today | Stock Market LIVE Updates | South Korean stocks gain for sixth session as China equities shine South Korean equities gained for a sixth straight session on Tuesday, tracking a rise in Chinese shares on expectations that Monday’s meeting between President Xi Jinping and top entrepreneurs will boost stocks of the companies. China is South Korea’s biggest trading partner.

The won weakened, while the benchmark bond yield rose.

Sensex Today | Stock Market LIVE Updates | Quality Power Electrical IPO Day 3: Subscription status Total: 0.98 times

Retail Individual Investors (RIIs): 1.44 times

Non Institutional Investors(NIIS): 1.22 times

Qualified Institutional Buyers (QIBs): 0.71 times

Stock Market LIVE Updates | Argentine judge investigates fraud case against President Milei over crypto promotion A judge in Argentina was selected Monday to investigate allegations of fraud against President Javier Milei for his brief promotion of a cryptocurrency whose value collapsed within hours of its launch last week. Milei distanced himself from the scandal and said he acted in good faith.

Milei and his office denied involvement with creators of the $LIBRA cryptocurrency, saying he initially drew attention to it Friday as an entrepreneurial project that might benefit Argentina but learned more about it later and then withdrew his support.

Sensex Today | Stock Market LIVE Updates | PS Raj Steels IPO shares to debut on NSE SME platform PS Raj Steel shares are set to debut on the NSE SME platform today, Wednesday, February 19. Ahead of the listing, the company’s shares are reflecting no Grey Market Premium (GMP), indicating a 0% listing gain over their IPO price.

Thus, the GMP indicates a flat demand among the market participants as the premium in the grey markets.

Stock Market LIVE Update | Broader market indices fall Small and midcap indices trade lower

Smallcap 100 index drops over 2%

Stock Market LIVE Update | Global markets watch S&P 500 futures rose 0.2% as of 2:10 p.m. Tokyo time

Japan’s Topix rose 0.6%

Australia’s S&P/ASX 200 fell 0.7%

Hong Kong’s Hang Seng rose 2%

The Shanghai Composite rose 0.1%

Euro Stoxx 50 futures were little changed

Sensex Today | Stock Market LIVE Updates | ideaForge Technology files special leave petition in Supreme Court Of India

Sensex Today | Stock Market LIVE Update | Block Deal: Syngene’s 0.8% equity change hands

Sensex Today | Stock Market LIVE Update | Banks lead Australian shares lower as RBA cuts rates for first time since 2020 Australian shares ended lower on Tuesday, with index heavyweight banks leading the decline, after the central bank delivered a widely expected interest rate cut, its first since November 2020.

The S&P/ASX 200 index fell 0.7% to 8,481, its lowest close since February 5. The benchmark slipped 0.2% on Monday.

Sensex Today | Stock Market LIVE Update | Top gainers & losers

Sensex Today | Stock Market LIVE Updates | Quality Power Electrical IPO subscribed 90% so far on Day 3 The initial public offering (IPO) of Quality Power Electrical, which opened for public bidding on February 14, saw an overall subscription of 90% by 11:30 AM on the final day of bidding, Tuesday. The company aims to raise Rs 858.70 crore through the IPO, which includes a fresh issue of Rs 225 crore and an offer for sale (OFS) of 1.49 crore shares.

The retail portion of the issue was subscribed 1.33 times, while the non-institutional investors category saw a subscription of 1.18 times on the final day. Meanwhile, the qualified institutional buyers had subscribed 62% of their allotted portion.

Sensex Today | Stock Market LIVE Updates | IT stocks defy market mood, trade in green

Sensex Today | Stock Market LIVE Updates | Index Contributors ICICI bank, M&M among top contributors as Sensex trades lower.

Sensex Today | Stock Market LIVE Updates | India bond yields steady, with state debt eyed to gauge appetite for debt Indian government bond yields were largely unchanged on Tuesday, with investors focusing on demand at an upcoming auction of state debt to gauge overall appetite.

The benchmark 10-year yield was at 6.6933% as of 10:00 a.m. IST, compared with its previous close of 6.6930%. The debt market will be closed on Wednesday for a local holiday.

Sensex Today | Stock Market LIVE Updates: Stocks to buy today: RIL, Cipla among top trading ideas for 18 February 2025 We have compiled a list of stocks from the F&O basket and cash market, recommended by various experts, for traders with a short-term trading horizon. Read more

Sensex Today | Stock Market LIVE Updates: F&O Radar | Deploy Bull Call Spread in Ashok Leyland to capitalize on bullish momentum Ashok Leyland shares have been experiencing strong bullish momentum after breaking through a descending trendline and forming a bullish candlestick with notable volume on the daily chart.

Sensex Today | Stock Market LIVE Updates: Sensex falls over 350 points

Sensex Today | Stock Market LIVE Updates: Uno Minda shares in focus after JV with Inovance Automotive for high-voltage EV powertrain manufacturing Uno Minda shares will be in focus on Tuesday after the auto components manufacturer entered into a joint venture agreement with Suzhou Inovance Automotive and its wholly-owned subsidiary, Inovance Automotive (HK) Investment, to develop and produce high-voltage EV powertrain products for both passenger and commercial vehicles.

Sensex Today | Stock Market LIVE Updates: LG kicks off roadshows for $1.5 billion India IPO LG Electronics Inc. has begun roadshows to engage with potential investors ahead of the initial public offering of its Indian unit.

Sensex Today | Stock Market LIVE Updates: Citi maintains bullish stance on Maruti Suzuki, sets Rs 14,500 target price Global brokerage Citi has reiterated its bullish outlook on Maruti Suzuki, maintaining a ‘Buy’ rating and raising its target price to ₹14,500 from ₹13,700, reflecting increased confidence in the automaker’s growth prospects.

Sensex Today | Stock Market LIVE Updates: Nifty Bank down 0.36% IndusInd Bank, AU Small Finance Bank among top losers

Sensex Today | Stock Market LIVE Updates: Positive Breakout: These 5 stocks close cross above their 200 DMA According to stockedge.com’s technical scan data, five stocks in the Nifty500 index closed above their 200-day moving averages (DMA) on February 17.

Source: M.economictimes.com | View original article

Stock Market Highlights: Nifty gives inverse heads & shoulders breakout. How to trade on Friday?

Indian headline indices finished positively for the fifth straight session on Thursday helped by top action in IT and bank stocks. Individually, Infosys, ICICI Bank and Tata Consultancy Services (TCS) shares contributed most. Wall Street’s main indexes opened subdued on Thursday following record high closes for all three main indexes in the previous session. OPEC+ countries, including Saudi Arabia and Russia, agreed Thursday to extend oil supply cutsfor three months through March to avoid a sharp drop in prices in a global market awash in crude. Vodafone Idea to consider a proposal to raise Rs 2,000 crore from entities belonging to promoter Vodaphone Group. The development follows Vodahone Group’s announcement to sell a 3 per cent stake in Indus Towers to clear its debt of USD 101 million or about Rs 856 crore and pay outstanding dues of its Indian venture Vodafa Idea. US stocks open muted with jobs data in focus as investors awaited upcoming employment data later this week. The Dow Jones Industrial Average rose 24.4 points, or 0.05%, at the open to 45038.44.

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Indian headline indices finished positively for the fifth straight session on Thursday helped by top action in IT and bank stocks. Individually, Infosys, ICICI Bank and Tata Consultancy Services (TCS) shares contributed most. While the S&P BSE Sensex settled at 81,765.86, up by 809.53 or 1%, the broader Nifty50 closed at 24,708.40, higher by 240.95 or 0.98%. Commenting on the day’s action, Dr. Praveen Dwarakanath, Vice President at Hedged.in said that the index took support from its 50 EMA at the 24,300 level at the start of the day and bounced, indicating that bullishness could continue. “Nifty broke its resistance at the 24,500 level and moved up towards its next immediate resistance at the 24,850 level. The momentum indicators continue to show bullishness in the index. Immediate resistance for the index is at the 24850 level and later at the 25300 level,” he said.

Indian benchmark indices ended marginally positive on Wednesday while maintaining their four-session winning streak amid strong buying trends in banks and financial stocks. While the S&P BSE Sensex settled at 80,956.33, up by 110 or 0.14%, the broader Nifty50 closed at 24,467.45, higher by 10 or 0.04%.

US stocks open muted with jobs data in focus Wall Street’s main indexes opened subdued on Thursday following record high closes for all three main indexes in the previous session, as investors awaited upcoming employment data later this week.

The Dow Jones Industrial Average rose 24.4 points, or 0.05%, at the open to 45038.44. The S&P 500 rose 2.5 points, or 0.04%, at the open to 6089.03, while the Nasdaq Composite rose 21.3 points, or 0.11%, to 19756.4 at the opening bell.

OPEC+ extends oil supply cuts through March Several OPEC+ countries, including Saudi Arabia and Russia, agreed Thursday to extend oil supply cutsfor three months through March to avoid a sharp drop in prices in a global market awash in crude.

Eight OPEC+ countries will extend their “voluntary adjustments” of 2.2 million barrels per day until the end of March, the Vienna-based group said in a statement following a virtual meeting.

After that, those cuts “will be gradually phased out” on a monthly basis until the end of September 2026, the group said, adding this is “subject to market conditions”.

Moody’s upgrades OYO parent Oravel Stays rating; outlook stable Moody’s Ratings has upgraded the corporate family rating (CFR) of Oravel Stays Limited — travel tech platform OYO’s parent firm — and the rating on the senior secured term loan issued by its wholly-owned subsidiary OYO Singapore to B2 from B3, and maintained the stable outlook. In a statement on Wednesday, Moody’s said it has assigned a B2 rating to the USD 825 million senior secured term loan facility to be availed by Oravel Stays Singapore Pte. (OYO Singapore). The term loan is fully underwritten by Deutsche Bank.

Elaborating upon the rating rationale, Moody’s said OYO is in the process of securing a new five-year USD 825 million term loan, which together with the USD 174 million of primary equity capital raised between June and August 2024, will be used to repay its existing TLB that matures in June 2026, easing its refinancing pressures.

Vodafone Idea to raise Rs 2000 cr from Vodafone Group Debt-ridden telecom firm Vodafone Idea on Thursday said its board will consider a proposal to raise Rs 2,000 crore from entities belonging to promoter Vodafone Group. The development follows Vodafone Group’s announcement to sell a 3 per cent stake in Indus Towers to clear its debt of USD 101 million or about Rs 856 crore and use the residual amount to pay outstanding dues of its Indian venture Vodafone Idea.

” … a meeting of the Board of Directors of the Company is scheduled to be held on Monday, 9 December 2024, inter-alia, to consider proposal for raising of funds not exceeding Rs 2,000 crore, by way of issuance of equity shares and / or convertible securities on a preferential basis to one or more entities belonging to Vodafone Group,” the company said in a filing.

British telecom firm Vodafone’s 3 per cent stake in Indus Towers is valued at around Rs 2,800 crore.

Sebi proposes to introduce close auction session in equity markets Markets regulator Sebi on Thursday proposed introducing a Close Auction Session (CAS) framework in the country to determine the closing price of stocks in the equity cash market. Currently, the closing price of stocks in India is determined using Volume Weighted Average Price (VWAP) of the last 30 minutes of the trading day. While the mechanism facilitates determination of a fair market closing price, it does not allow trades at the exact closing price.

The introduction of CAS would reduce price volatility during the market close, especially on index rebalancing and derivative expiry days, ensuring better execution of large orders at the closing price and minimizing tracking differences for passive funds, enhancing alignment with index performance.

Gold climbs Rs 300 to reclaim Rs 79k-mark; silver continues to shine for third day Gold price surged to reclaim the Rs 79,000-level in the national capital on Thursday due to fresh buying by jewellers and stockists, according to the All India Sarafa Association. Snapping its three-day losing run, the precious metal of 99.9 per cent purity rose Rs 300 to Rs 79,150 per 10 grams from the previous close of Rs 78,850 per 10 grams on Wednesday.

Traders said gold climbed due to fresh demand by jewellers and retailers in the local markets.

Silver continued to shine for the third straight day by jumping Rs 1,300 to Rs 93,800 per kg on Thursday. It ended at Rs 92,500 per kg on Wednesday.

NHAI to raise Rs 1,000 crore via green bond NHAI on Thursday said its special purpose vehicle DME Development Ltd (DMEDL) will raise Rs 1,000 crore through green bonds to implement climate-friendly measures on the Delhi-Mumbai Expressway project. The aggregate size of the issue will be up to Rs 1,000 crore, with a base issue size of Rs 500 crore. Also, there will be a green-shoe option to retain oversubscription up to Rs 500 crore, NHAI (National Highways Authority of India) said in a statement.

The issue is expected to be launched in the second week of December 2024, it said, adding, the proceeds will be used for avenue plantation, median plantation, construction of animal underpasses, natural stormwater drainage, streetlight on renewable energy (solar), waste recycling and reuse, and rainwater harvesting.

Equity investors become richer by Rs 15.18 lakh crore in five days of market rally Investors’ wealth surged Rs 15.18 lakh crore in five days of market rally that took the BSE benchmark Sensex up over 3 per cent. In the past five trading days, the BSE barometer has jumped 2,722.12 points or 3.44 per cent.

The market capitalisation of BSE-listed firms surged Rs 15,18,926.69 crore to Rs 4,58,17,010.11 crore (USD 5.41 trillion) in the last five sessions.

Sebi mulls revising requirement on settlement of account of clients’ funds To facilitate ease of doing business, markets regulator Sebi on Thursday proposed that funds of clients, who have not done any transaction in the last 30 days, will be settled by stock brokers on the upcoming settlement dates of monthly running account settlement cycle. Under the rule, if a client has not done any transaction in the last 30 days and has a credit balance, the stock broker is required to return the fund to the client within three working days. This is known as running account settlement or quarterly settlement.

With a view to facilitate ease of doing business as well as to safeguard the investors’ interest, Sebi, in its consultation paper, proposed revising the requirement of mandatory settlement of such clients’ funds.

Tech View: Nifty took support from its 50 EMA and bounced. How to trade on Friday Indian benchmark indices ended marginally positive on Wednesday while maintaining their four-session winning streak amid strong buying trends in banks and financial stocks. While the S&P BSE Sensex settled at 80,956.33, up by 110 or 0.14%, the broader Nifty50 closed at 24,467.45, higher by 10 or 0.04%.

Indian headline indices finished positively for the fifth straight session on Thursday helped by top action in IT and bank stocks. Individually, Infosys, ICICI Bank and Tata Consultancy Services (TCS) shares contributed most. While the S&P BSE Sensex settled at 81,765.86, up by 809.53 or 1%, the broader Nifty50 closed at 24,708.40, higher by 240.95 or 0.98%.

Commenting on the day’s action, Dr. Praveen Dwarakanath, Vice President at Hedged.in said that the index took support from its 50 EMA at the 24,300 level at the start of the day and bounced, indicating that bullishness could continue. “Nifty broke its resistance at the 24,500 level and moved up towards its next immediate resistance at the 24,850 level. The momentum indicators continue to show bullishness in the index. Immediate resistance for the index is at the 24850 level and later at the 25300 level,” he said.

UK’s FTSE 100 little changed as real estate limits gains in personal goods UK’s benchmark FTSE 100 index was barely changed on Thursday, as gains in the personal goods sector were limited by losses in real estate, while Frasers dropped to an over two-year low after lowering its annual profit forecast.

The blue-chip FTSE 100 was up 0.1%, while the midcap FTSE 250 was down 0.1% at 1016 a.m. GMT.

The personal goods sector gained 1.1%, led by Watches of Switzerland which jumped 8.5% to a more than ten-month high after reaffirming its 2025 guidance.

French bonds, stocks take a breather after government collapse French bonds and stocks surged on Thursday after a no-confidence vote ousted Prime Minister Michel Barnier’s government, shifting investor attention to the composition of a potential new administration.

French equities gained up to 0.65% in morning trade, marking their highest levels in over three weeks and outperforming broader European markets. Leading banks, including BNP Paribas, Credit Agricole, and Societe Generale, each saw their shares climb approximately 2%.

The risk premium on France’s 10-year government bonds over Germany’s briefly dipped below 80 basis points, a sharp improvement from last week’s peak of 90 basis points, the highest since the eurozone debt crisis in 2012.

Bitcoin hits $2 trillion market cap, now bigger than Tesla, Facebook and Saudi Aramco Bitcoin reached $100,000, with a market cap surpassing $2 trillion, fueled by optimism around Trump’s pro-crypto stance and Putin’s endorsement. The global crypto market now stands at $3.69 trillion.

Sensex Heatmap: 28 of 30 Sensex stocks end in the green

Market Statistics: Advance declines ratio favors buyers

Rupee little changed as cenbank rate decision, growth commentary looms The Indian rupee closed almost unchanged at 84.7325, amid speculation on a potential interest rate cut by the central bank.

The rupee showed slight gains, influenced by expectations of U.S. rate cuts.

Sector View: Nifty IT, oil & gas stocks shine

Top Nifty gainers and losers in today’s session

Nifty ends above 24,700; Titan, TCS rise 3% each

Sensex extends winning run to 5th session, soars 809 pts

Stock Market LIVE Updates | India sugar prices hit 18-month low, mills struggle to make cane payments

Sensex Today | Banks & financials likely to generate alpha & lead market in next 8-10 sessions: Rahul Sharma Rahul Sharma of JM Financial Services sees a positive market outlook with Nifty targeting 24,800.

He highlights banking and financial sectors, particularly Bank Nifty and Fin Nifty, as potential leaders for the next 8-10 sessions.

Stock Market LIVE Updates | Bond yields fall 10 bps since GDP data. What is the market expecting? Indian 10-year bond yields drop 10bps after weak GDP data, signaling expectations of RBI easing policy.

Analysts predict potential CRR cut, with Nomura forecasting a 1% rate reduction in upcoming months.

Sensex Today | BSE, CDSL, Zomato among top NSE 500 stocks that hit 52-week high today

Stock Market LIVE Updates | Sensex slips sharply from day’s high, trades 300 pts higher

Sensex Today | Stock Market LIVE Updates | FIIs’ favorite stocks surge over 200% in CY24

Sensex Today | Main Jhukega Nahi! Why Sensex is up 3,000 points in 5 days despite twin Q2 shockers “Main Jhukega Nahi,” (I will not bow down) Allu Arjun’s iconic line, mirrors Dalal Street’s sentiment as bulls refuse to surrender despite weak Q2 earnings and GDP data.

Sensex surged 3,000+ points, Nifty crossed 24,800, driven by FII buying after festive selling, led by banking stocks.

Global Optimism: US market gains and Fed chief’s positive remarks fueled optimism, aiding domestic markets.

Sensex Today | Stock Market LIVE Updates | Sensex Heatmap: 29 of 30 Sensex stocks trading in green

Sensex Today | Stock Market LIVE Updates | Sensex surges over 1,300 points

NIFTY SCALES ABOVE 24,800 MARK: Infy, TCS among top gainers

Sensex Today | Stock Market LIVE Updates | Sensex rallies over 1,200 points

Stock Market LIVE Updates | Advance-decline ratio in favour of buyers

Stock Market LIVE Updates | European stocks edge higher as investors weigh impact of French govt collapse

Sensex Today | Stock Market LIVE Updates | India VIX up nearly 4%

Sensex Today | Stock Market LIVE Updates | Nifty above 24,700

Sensex Today | Stock Market LIVE Updates | Sensex shoots up 1,000 points

Sensex Today | Stock Market LIVE Updates | Top Nifty gainers and losers at this hour

Sensex Today | Suraksha Diagnostic IPO shares to debut on Friday. Here’s what GMP indicates about listing Suraksha Diagnostic IPO debut: Shares set to list on Friday.

GMP: Rs 15, indicating 3% premium on Rs 441 upper price band.

Subscription: 1.27 times oversubscription.

OFS only: No funds for the company from the issue.

Market Position: Largest diagnostic chain in East India by operating income.

Operational Network: 8 labs, 194 touchpoints across four states.

Growth: Revenue of Rs 219 crore in FY24, profit after tax grew significantly.

Sensex Today | Stock Market LIVE Updates | Sensex rallies over 750 point

Sensex Today | Zen Technologie shares rise 2% as co targets U.S. expansion with strategic partnership with AVT Simulation.

Sensex Today | Bandhan Mutual Fund files draft document with Sebi for quant fund Bandhan Mutual Fund has filed with Sebi for Bandhan Quant Fund, an AI/ML-based equity scheme targeting medium to long-term capital appreciation, investing in equities, debt, and overseas securities, with a BSE 200 TRI benchmark.

Stock Market LIVE Updates | Japan’s Nikkei climbs for fourth straight day on Wall Street boost Japan’s Nikkei rose for the fourth day, up 0.3% at 39,395.60, driven by Wall Street’s record high, while profit-taking limited further gains. The Topix gained 0.1%, closing at 2,742.24.

Sensex Today |Star Agriwarehousing files IPO papers, aims to raise Rs 450 crore Star Agriwarehousing files IPO papers with Sebi to raise Rs 450 crore, including a fresh issue and Offer-For-Sale.

Proceeds will fund working capital needs, with a potential pre-IPO placement reducing the fresh issue size.

Sensex Today | NBCC’s subsidary HSCC (India) receives order worth Rs 599.35 crore; stock up 3%

Nobody can ban Bitcoin: Vladimir Putin’s comment that fulfilled Bitcoin’s $1 lakh dream Bitcoin’s surge past $100,000 gains momentum, fueled by geopolitical shifts, including Putin’s pro-crypto stance.

Analysts advise long-term planning amid volatility, as cryptocurrencies reshape global finance and reserve strategies.

Stock Market LIVE Updates |Oil slightly firmer ahead of OPEC+ supply decision Oil prices were mostly stable on Thursday ahead of an OPEC+ meeting later in the day, with investors waiting to see what the producer group would do next on supply cuts while also monitoring geopolitical tension in the Middle East.

Brent crude futures rose 5 cents, or 0.07%, to $72.36 a barrel by 0730 GMT, while U.S. crude futures were at $68.60 a barrel, up 6 cents, or 0.09%.

Stock Market LIVE Updates | BUZZING! BSE shares rally over 7%

Sensex Today | Stock Market LIVE Updates | Canarys Automations secures order worth Rs 290 cr

Stock Market LIVE Updates | Hyundai Motor India to hike prices across models amid higher costs

Sensex Today | Stock Market LIVE Updates | Ramesh Damani to meet MSTC management on Dec 9, shares jump 6%

Sensex Today | Stock Market LIVE Updates | Nifty IT trading at record high

Sensex Today | Stock Market LIVE Updates | CLSA projects 40% rally for Persistent Systems shares

Stock Market LIVE Updates | SENSEX UP 650 PTS: Infy , RIL among lead contributors

Source: M.economictimes.com | View original article

Source: https://finance.yahoo.com/video/3-market-movers-small-cap-142058920.html

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