FedEx cut its full-year revenue forecast and reported quarterly profit that fell far short of analysts' targets on Tuesday, sending shares tumbling 9.8%, as its largest Express business saw demand from the U.S. Postal Service drop.

HFCs could see some pressure to either divest or fully provide for some assets as some of them have investments in AIFs, and those funds have invested in real estate companies. "It may also significantly impact the existing investments from the likes of banks, NBFCs and Sidbi in several AIFs," said Tejesh Chitlangi, Senior Partner, IC Universal Legal.

In a statement, the Sony Group Corporation-owned company said Zee has acknowledged that it will not be able to meet the deadline. SPNI said it looks forward to hearing ZEEL's proposals and how it plans to meet the remaining key conditions.

Wall Street extended its rally on Tuesday, advancing on the day as last week's dovish policy pivot from the Federal Reserve continued to reverberate and investors looked ahead to crucial inflation data.

"On a weekly timeframe chart, we saw stock crossing above its Descending triangle pattern with heavy volume and strong momentum. Traders can buy for a target of Rs 3550-3600 levels," says Jay Patel, Research Head at Investmentor Securities Limited.

The airline said it will use the aforementioned Rs 2,241.5 crore to pay statutory obligations such as Tax Deducted at Source (TDS), Goods and Services Tax (GST), Provident Fund (PF), etc.; settle past dues with creditors; unground its grounded planes and acquire new aircraft; pay for aviation turbine fuel; pay salaries to employees; and for general corporate purposes.

Vibrant Energy, which primarily sells electricity to corporate and industrial (C&I) customers, operates a renewable energy portfolio of 132MW, with an active pipeline of 3GW. The group develops open access renewable energy solutions (wind and solar) for corporate customers.

Over 20 asset reconstruction companies and non-banking finance companies have expressed their interest in acquiring Saraswat Bank's non-performing assets. These include Acre ARC, Asset Reconstruction Company (India) and Edelweiss ARC.

Apollo Tyres’s share price rose 0.55% to close at 455.35 on Tuesday after the deal. Apollo Tyres shares have gained 7.08% in the past one month. The company reported a consolidated net profit of 474 crore for the quarter ended Sept 2023

"Our expertise in origination and credit assessment will be boosted with the expertise and digital tech of Easy Home Finance," said Narendranath Misha, head-retail and agri loans at DCB Bank. "The alliance will enable the Bank to reach more geographies in the affordable home loan arena," he said.

The company has signed a contract with Stone Sapphire, licensee for Disney in India, to design and manufacture collectible pullback cars in Marvel superhero colours.

Global private equity firm Blackstone Group plans to sell its entire stake in Embassy Office Parks REIT through a mega block deal on Wednesday, according to news reports

This optimism is driven by government initiatives that support incremental capital expenditure, a revival in specific segments of the private sector, and a more favourable growth outlook in international markets.

"Several PSBs have raised capital from the market and have a healthy Tier-1 ratio, which should aid business growth, particularly as the capex cycle revives post general elections," said Motilal Oswal's analysts Nitin Aggarwal, Dixit Sankharva and Disha Singha in a note to clients.

Blackstone Sponsor Group will sell 22.35 crore shares, which comprises 23.59% of the total REIT units outstanding as of Sept 30. The buyers in the deal are not known yet.

Gujarat Fluorochemicals stock rose from Rs 2978 as of December 11, 2023, to Rs 3355 recorded on December 18, 2023, which translates into an upside of over 12%.

The acquisition will trigger a mandatory open offer to all public shareholders of GLS for an additional 17%.

Ebix Inc, the parent entity for Indian payments and remittance company EbixCash, has filed for bankruptcy protection in a Texas court after defaulting on a $617-million loan.

Despite the sale, the stock ended in the green due to strong buying by domestic and foreign institutional investors. Shares of Apollo Tyres ended 0.5% higher at Rs 455.35. In the last three months, the stock has gained more than 22%. Nippon India Mutual Fund was the largest buyer of 1,20,44,000 shares or 1.9% stake for Rs 540 crore.

The benchmark S&P 500 trades less than 1% shy of its all-time closing high as traders price in an aggressive timetable for interest rate cuts next year after Fed Chair Jerome Powell said at the U.S. central bank's policy meeting last week that its historic monetary tightening is likely over. At 9:56 a.m. ET, the Dow Jones Industrial Average was up 146.53 points, or 0.39%, at 37,452.55, the S&P 500 was up 14.84 points, or 0.31%, at 4,755.40, and the Nasdaq Composite was up 53.42 points, or 0.36%, at 14,958.61.

Long unwinding refers to the selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. In Monday's trading session, five stocks witnessed a top-long unwinding. Here's the list:

Domestic brokerage Axis Securities in its latest report has listed companies that have delivered solid dividends in 2023. Here’s the list of top 5 dividend-yielding largecap firms in 2023. (CMP as of December 19)

The Dow Jones Industrial Average rose 5.80 points, or 0.02%, at the open to 37,311.82.

The floor price for the sale has been set at Rs 310 a share, and Kotak Mahindra Capital and IIFL Capital are the advisors to the mega deal. The floor price is at a discount of nearly 8% to the current market price. The units of Embassy Parks REIT ended 3.4% higher on the BSE at Rs 335.54.

Elon Musk's net worth surged by nearly $94 billion in a year, while Gautam Adani, who was the world's third richest person last year, saw his net worth fall by almost $35 billion in 2023 due to the fallout of the Hindenburg report. The Al-driven rally in tech stocks helped Mark Zuckerberg re-enter the top 10 list. Bernard Arnault and Warren Buffett were the only non-tech billionaires in the elite club (Source: Bloomberg, ToI)

The momentum indicator maintains a positive crossover, suggesting ongoing strength. The bullish trend is expected to persist as long as it stays above 21,350 consistently

Seven mainboard IPOs are hitting the markets this week, here is all you need to know about these IPOs. Watch!

Stocks that were in focus include names like Century Plyboards which was up more than 7% to hit a fresh all-time high, DCM Shriram closed with gains of over 10% to hit a fresh 52-week high and BEML closed with gains of over 5% on Tuesday.

Short covering refers to the buying of shares in order to close an existing short position or a position that has been sold. Short covering signals a shift in view on a security from extreme bearishness to bullishness. In Tuesday's trading session, five stocks saw top short covering. Here's the list:

The dollar and euro both climbed 1% on the yen, each set for its biggest daily gain since end October, with the greenback reaching 144.27 yen, and the common currency 157.68.

The BSE benchmark Sensex surged 122 points or 0.17% to end at 71,437, while NSE Nifty50 rose 34 points or 0.16% to settle at 21,453. Nifty FMCG surged 1.4%, led by gains in Nestle India and Varun Beverages. While Nifty Oil & Gas rose 0.8% after the government cut a windfall tax on petroleum crude and diesel.

Indian benchmark equity indices fell on Tuesday, dragged by financials and information technology. However, in today's trade, six Nifty50 stocks hit new 52-week highs. Here's a list:

Sensex Today | Stock Market Updates: Sensex rises 200 points, Nifty hits 21,500 mark for the first time; Nestle climbs 4%

In a statement, SPNI said that ZEE's notice to the BSE and the NSE on December 17, seeking an extension of the merger deadline is "an acknowledgment that they will not be able to meet the December 21, 2023 deadline to close the SPNI/ZEE merger."

Investors are at their most overweight equities relative to cash since January 2022, according to the survey of 219 participants with $611 billion of assets under management.

Year-to-date, the NSE Nifty 50 has gained more than 18% and the BSE Sensex 17%, driven by robust inflows from both domestic and foreign investors.

It is not only mid-cap as a whole segment which has outperformed the other segments. Even in some sectors, while the large cap have not performed well, mid-cap stocks in the same space have done well. IT is one sector where the large caps have done nothing in the last two years, but selective stocks have been doing well. It is probably a time to take a look at each company separately rather than just looking at what stocks like TCS and Infy are doing and take a call on the overall sector.

"Rollover to December quarter and 2X increase in multiple factoring in lower macro uncertainty following rate cut path laid out by US Fed lead to 9-16% increase in FVs for IT stocks," Kotak said in a note

Nifty opened weaker and hit a low. It soon got up but was again pushed down by the end of the day.

Grey market premium (GPM) is a premium amount at which grey market IPO shares are traded before they get listed on the stock exchange. A higher grey market premium is often a sign of strong listing gains for IPO. Currently, six mainboard IPOs are open and buzzing in the grey market. Take a look:

Go First, which stopped flying on May 3 amid financial woes mainly triggered by Pratt & Whitney engine issues, is undergoing an insolvency resolution process, PTI reported.

Nifty opened weaker and hit a low. It soon got up but was again pushed down by the end of the day.

A long buildup is when there is a rise in open interest and volumes along with an increase in the price of the underlying stock in the Futures and Options segment. The long buildup is the occurrence of a long (buying) trend in the share market. In Tuesday's trading session, five stocks witnessed a build of fresh long positions. Here's the list:

The central bank also made no change to its dovish policy guidance, dashing hopes among some traders it would tweak the language to signal a near-term end to negative interest rates.

A short buildup is when there is a rise in open interest and volumes along with a decrease in the price of the underlying stock in the Futures and Options segment. Short buildup means more people are expecting the prices to go down and creating short positions. In Tuesday’s trading session, five stocks witnessed a build of fresh short positions. Here's the list:

After a long phase of three years of consolidation and relative underperformance, there were some initial signs of the private sector banks making a comeback attempt. There have been reasons for their underperformance, right from mega merger which created a technical issue of overhang in shareholding, to changes in the top management. Also the fact that these stocks came in the over owned category of foreign institutional investors, who have been sellers time and again.

The development triggered a strong investor interest in the stock with nearly 82 lakh shares changing hands on the NSE, while the stock witnessed a 5.20 times spurt in volumes on the BSE.

Year-to-date, the NSE Nifty 50 has gained more than 18% and the BSE Sensex 17%, driven by robust inflows from both domestic and foreign investors.

"A reflection on PSBs valuation history may cause trading multiples to look constrained, however the quality of earnings, growth outlook and broader re-rating in PSU entities will nevertheless enable steady performance of the sector," Motilal analysts including Nitin Aggarwal said.

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