I mean that was awaited for a while now, so that has really come about. So, the penal part has been removed which is a very positive thing to my mind. The only disappointment if you ask me was the GST on the health insurance.
A stampede during a screening of 'Pushpa-2' resulted in a fatality. Police urged actor Allu Arjun to leave the theatre for safety. Arjun stayed to finish the film. Officials criticized Arjun's actions. A minister demanded an apology. A Union Minister visited the injured. Police are investigating the incident and the bouncers' role.
Five Nifty500 stocks, including Aegis Logistics and Data Patterns, show an uptrend as their RSI crosses above 50, signaling strengthening momentum and potential buying opportunities, according to stockedge.com data.
Pilibhit Encounter: Three suspected pro-Khalistan terrorists were killed in a joint Uttar Pradesh-Punjab police operation in Pilibhit. Two AK-series rifles and two Glock pistols were recovered. The suspects are believed to be responsible for the December 19 grenade attack on a Gurdaspur police post, the second blast in the district within 48 hours and the eighth in Punjab since November 24.
Aurobindo Pharma's stock rose after its subsidiary got approval for a cancer drug. CuraTeQ Biologics received the UK's MHRA approval for Bevgolva. This biosimilar treats various cancers. The company also saw recent USFDA observations and EMA approval for another drug. Aurobindo's Q2 profits increased. Revenue also grew compared to last year.
News Corp is selling its Australian cable TV unit, Foxtel, to DAZN for A$3.4 billion. This deal reduces News Corp's exposure to the struggling cable TV market and allows them to focus on their core businesses. DAZN gains a significant foothold in the Australian sports market.
InCred Equities maintains a 'hold' rating on Persistent Systems, raising the target price to Rs 6,863 from Rs 6,260. Strong performance in financial services and healthcare, coupled with potential recovery in the hi-tech sector, fuels this optimism. The company recently reported a 20.2% year-on-year rise in total income, reaching Rs 2,943.67 crore, with a net profit of Rs 325 crore.
Three Nifty500 stocks, Aegis Logistics, Raymond, and Techno Electric, show bullish signals as their closing prices rise above VWAP, suggesting positive market sentiment and potential for continued upward momentum.
Asian Paints, a once-favored bluechip stock, is nearing a 4-year low due to industry slowdown, margin pressures, and competition from Birla Opus. Analysts predict a potential recovery in 2025 as competitive pressures ease and demand revives, making the stock attractive for long-term investors.
Indian Oil Corporation (IOC) shares are expected to attract attention on Monday following the approval of a significant investment by its board. The state-owned company has greenlit the establishment of a yarn project in Bhadrak, Odisha, in collaboration with MCPI Private Ltd.
Canadian Prime Minister Justin Trudeau's leadership is facing mounting pressure from within his own Liberal party. Following Deputy Prime Minister Chrystia Freeland's resignation over disagreements on US tariff threats, numerous Liberal MPs have publicly called for Trudeau's resignation.
The market has digested the continuing geo-political concerns and with the new US president taking an anti-war stance, there are high chances that various regional wars shall eventually stabilise in the near future.
Zomato will join the Sensex on December 23. JSW Steel will exit the index. This change will bring $513 million into Zomato. JSW Steel will see $252 million leave. Other companies like Mahindra & Mahindra, ITC, Infosys, and Sun Pharma will also see minor changes in their Sensex weighting. These adjustments reflect the changing dynamics of the Indian stock market.
Motilal Oswal Financial Services recommends buying MTAR Technologies stock, setting a target price of Rs 2100. The engineering company's recent quarterly results show significant growth in total income and net profit. MTAR Technologies supplies key components to major global and Indian companies, including fuel cell parts to a leading international firm.
India launched an investigation into a potential surge in steel flat product imports following a complaint by the Indian Steel Association. The association, representing major steel producers, alleges harm to the domestic industry and seeks safeguard duties. The probe covers various steel products and will examine imports from October 2023 to September 2024, with a possible 20% safeguard duty considered.