Last week, ITC became the world's third-largest tobacco company in market capitalisation terms following a sell-off in BAT shares, which are down 31% so far in 2023.

Systematic Investment Plan (SIP) is a strategy wherein an individual needs to invest the same amount of money in a particular mutual fund at every stipulated period. Here’s how much amount and time it will take for your SIP investments to hit Rs 1 crore on an annual return rate of 12% p.a. (Source: FundsIndia)

The Sensex rallied more than 1,600 points or 2.4% last week and ended at a record closing high of 71483.75 points on Friday. While the gains were broad-based in the market, information technology, metals, infrastructure, and realty topped the list.

This is the second sale in two months, and this time the investment major accrued a higher profit, thanks to the rally in the market. In October, Softbank had sold 2.5% stake in the owner of Policybazaar for Rs 871 crore.

The weekly RSI stands at 75.90; it has made a fresh 14-period high. However, it stays neutral and does not show any divergence against the price. The weekly MACD stays bullish and above its signal line. The price has closed above the upper Bollinger band; however, while this can be considered bullish, a temporary pullback inside the band cannot be ruled out.

There is sunshine all around, better than expected GDP numbers, further decline in oil prices, falling US bond yields and clear indication from RBI that it is in no mood to increase interest rates any further. So while macros are bullish and could not get better, it is time to spend some time in understanding what stocks are you buying and why that stock at this point of time only. Also if one is thinking about increasing the exposure it would be better to stay with large caps as they would be able to weather any storm which might emerge due to any reason.

One piece of news is that the Chinese companies are increasing production of just one particular chemical and a stock of an agro chemical industry tanks for two straight sessions. This shows extreme sensitivity of both the market and stock prices to what is happening in China's chemical space. While it would be wrong to say that this will go away, over the long term there is a possibility that some segment in the chemical space will be able to delink and become less sensitive as more backward integration happens in that space. While they come under the broad umbrella word of “Chemical sector” the fact is that each specialty chemical company is literally an industry itself with its own operating matrix of supply chain and demand. We look at the 5 stocks, including 1 stock where analysts have a “hold” recommendation.

Adani had forayed into media business in March last year when it acquired Quintillion Business Media, which operates business and financial news digital media platform BQ Prime. It thereafter in December took nearly 65 per cent stake in broadcaster NDTV.

Eminent value investor Chuck Akre says to become a good investor, it is important to read about the businesses which look attractive for investment. He advises investors to read business biographies of their target companies because they can say a great deal about human behaviour. These biographies also reveal how great minds behave in their business life and business world, and how that affects what they do.

In this hype, many retail investors are rushing into the market. They may be influenced by the euphoria of Nifty at all-time highs and fear of missing out. However, in this rush to participate and benefit from the markets they are ignoring the risks associated with it. Risk is inseparable from the world of investing.

Some investors, however, believe much of the dovish shift from the Fed may already be reflected in Treasury prices. Deeper cuts, they say, would be more likely if a rapidly slowing economy forced the Fed to accelerate its easing - an outcome that would run counter to the "soft landing" outlook that has buoyed stocks in recent months.

The Dow Jones Industrial Average rose 56.81 points, or 0.15%, to 37,305.16, the S&P 500 lost 0.36 points, or 0.01%, to 4,719.19 and the Nasdaq Composite added 52.36 points, or 0.35%, to 14,813.92. For the week, the Dow gained 2.9%, the Nasdaq climbed 2.8% and the S&P 500 added 2.5%.

The bulk of the proceeds from the QIP will be used to pare debt, providing the company capital to pursue the fast-growing solar EPC markets in India and abroad, the company said in a statement, adding that the QIP witnessed a strong response from both domestic mutual funds and global FIIs.

Investors in risky assets including emerging markets like India have been enthused in the past two trading sessions by the back-to-back drop in US Treasury yields in response to the outcome of the Fed's policy meeting on Wednesday when the central bank indicated that there could be three rate cuts in 2024.

HSBC said, at the same time, investors are benefiting from the 'wealth effect', and the momentum of their recent property performance should keep the demand strong well into 2024. HSBC has maintained its 'buy' rating on real estate developers-Prestige Estates and Sobha, while putting a 'hold' on DLF and Godrej Properties and a 'reduce' on Oberoi Realty.

New York Federal Reserve President John Williams pushed back on surging market expectations of interest rate cuts, saying the US central bank is still focused on whether it has monetary policy on the right path to continue bringing inflation back to its 2% target.

Through separate deals, ICICI Prudential Life Insurance Co, ICICI Prudential Mutual Fund, IIFL Securities, Societe Generale and Unifi Capital have bought shares of KFin Technologies.

As markets staged a monster rally following the Federal Reserve’s shift toward loosening monetary policy, one corner of the financial system had reason to remain on edge.

Grey market premium is the additional price that investors are willing to pay over the IPO price in the grey market before the stock lists on the exchange. A higher grey market premium is often a sign of strong listing gains for an IPO. Next week, at least six mainboard issues are set to open and among these four are already buzzing in the grey market. Take a look:

Plenty Private Equity fund through its affiliate has sold 2.1% stake in leading multiplex chain PVR Inox through a bulk deal. In a separate deal, Multiples Private Equity fund has sold 1.99 lakh shares at Rs 1,753 in the company.

New York Federal Reserve President John Williams on Friday pushed back on surging market expectations of interest rate cuts, saying the U.S. central bank is still focused on whether it has monetary policy on the right path to continue bringing inflation back to its 2% target.

Exide Industries stock formed the Morning Star candlestick pattern in October and thereafter started marking the sequence of higher tops and higher bottoms. It has surged by over 23% in just 26-trading sessions. However, it has marked high of Rs 299.40 and thereafter witnessed minor throwback.

In November, HDFC MFs’ large additions were Kotak Mahindra Bank, Bajaj Fin and Mphasis. Meanwhile, it's prominent reductions were Coal India, SBI Card and REC. IREDA and Gandhar Oil were the new entrants while Landmark Cars was a complete exit. Here are the top 5 holdings by HDFC MF in November: (Source: Nuvama)

The Dow Jones Industrial Average fell 53.85 points, or 0.14%, at the open to 37,194.50.

The gain in HDFC Bank stock on Friday was driven by strong volumes of more than 69 million shares, which is way higher than the six-month daily average volume of 18 million shares.

SEBI plans to implement the T+0 settlement by March of next year. Means that Indian investors will be able to enjoy same-day settlement in the markets within four months. Moreover, the regulator is also exploring the possibility of moving towards instantaneous settlement of trades.

Rallying for the third day running, the 30-share BSE Sensex jumped 969.55 points or 1.37 per cent to settle at its new all-time high of 71,483.75 points. During the day, the benchmark zoomed 1,091.56 points or 1.54 per cent to reach its lifetime intra-day peak of 71,605.76 points.

Major crypto tokens traded mixed with a negative bias on Friday. At the time of writing, Bitcoin, the world's most valued cryptocurrency, was down 1.12% at $42,773, while Ethereum was down 1.7% at $2,272. Here are the crypto tokens that saw action today:

Further upsides are likely once the immediate resistance of 2,1492 is taken out. Caution is however warranted for the near term as the 14-day RSI at 84.93 is in overbought territory.

Decoding the trend, HSBC Securities analyst Amit Sachdeva said the mid and smallcap spaces are leading the rally, which can be best described as a typical bull run.

Grey market premium is the additional price that investors are willing to pay over the IPO price in the grey market before the stock lists on the exchange. A higher grey market premium is often a sign of strong listing gains for an IPO. Next week, at least six mainboard issues are set to open and among these four are already buzzing in the grey market. Take a look:

With the US Fed clearly indicating that the interest rate trajectory has changed, two things are going to happen. First the risk off trade globally will get further fuelled. A part of this means that US tech stocks are likely to see continued push which will have its impact on Indian tech stocks also. Second, as the overall cost of capital for US companies and also the consumer will come down. For US companies, it means more discretionary spending, a part of which comes to Indian tech companies. The question is whether the domestic IT companies which have been witnessing a phase of underperformance, especially the large caps one, will see this getting reflected in their prices. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.

Closing Bell: Sensex gallops 970 points to end at fresh high; Nifty above 21,450; TCS rallies 6%, SBI 4%

The market capitalization of all listed companies on BSE increased by Rs 2.76 lakh crore on Friday and by Rs 8.55 lakh crore this week to Rs 357.78 lakh crore. The 30-share BSE benchmark Sensex advanced 1,080 points or 1.53% to 71,594. The broader NSE Nifty surged 298 points or 1.41% to 21,481.

Grey market premium is the additional price that investors are willing to pay over the IPO price in the grey market before the stock lists on the exchange. A higher grey market premium is often a sign of strong listing gains for an IPO. Next week, at least six mainboard issues are set to open and among these four are already buzzing in the grey market. Take a look:

Indian benchmark equity indices advanced to new all-time highs on Friday, tracking the global stock rally on elevated bets of a US rate cut by March 2024. In Friday's trade, six midcap stocks from the Nifty200 index also hit new 52-week highs. Here's a list:

An over 1,200 points rally in Nifty 50 in just 10 sessions saw the benchmark index clocking its best monthly gain in about 15 months

When a sector gets re-rated, it is the leader of that particular sector which tends to get the attention in the first leg. If the fundamentals of that sector continue to improve, then companies which are lower than in terms of scale and size are the ones which tend to get re-rated. If one looks at the re-rating of PSU banking space, the likes of SBI, BoB had started to do well some time back. But the mid and smaller PSU banks, not smaller when one looks at the market cap, but in terms of geographical presence and overall size of the business are likely to get more attention now. There are multiple reasons for it: GDP growth rate has a strong correlation with credit off take, which will be visible even in the books of these banks. Some of these banks started their digital journey late, the impact of which will be visible in the coming quarter.

Largecaps pushed the benchmarks to yet another record high as Nifty conquered the 21,355.65 level. All five top stocks in the Nifty were IT counters with HCL Technologies, LTIMindtree, Infosys, Tech Mahindra, and Tata Consultancy Services (TCS) gaining between 4.7% and 3.89%. Barring Infosys, the rest hit their 52-week highs.

Stating the return ratio on the comeback path, domestic brokerage firm Sharekhan maintained its Buy rating on the stock with a target price of Rs 105, which indicates an upside potential of 17% from the current market prices.

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 Friday’s trading session, five stocks witnessed a build of fresh short positions. Here's the list:

Stating the return ratio on the comeback path, domestic brokerage firm Sharekhan maintained its Buy rating on the stock with a target price of Rs 105, which indicates an upside potential of 17% from the current market prices.

The yen has strengthened about 5% in three weeks, driven by bets that the Bank of Japan is nearing an exit from negative interest rates, while expectations for the Federal Reserve point to a potential rate cut. The BOJ's next policy decision is scheduled for Tuesday.

Goldman Sachs says its expectations for headline inflation to fall to 2.3% in the second quarter of 2024, compared to the BoE's modal forecast of 3.6%, implies a faster deceleration in inflationary pressures in the coming quarters.

Notwithstanding strong buying trends in metal stocks seen on Thursday, a wait-and-watch policy in metals is recommended by analyst Pankaj Pandey of Head Research, ICICIdirect.com even as he suggests investors to remain positive on this sector.

NSDL data shows that in the first 10 days of the month, FIIs invested Rs 39,260 crore on Dalal Street. And now with the US Fed hinting at 3 rate cuts in 2024, the market could once again see a flood of foreign money chasing Indian stocks in the new year.

The SME IPO was subscribed by a whopping 362 times on the last day of the bidding process with the total bids surpassing the Rs 18,000 crore mark, which is a first for any SME company. The previous record was held by Chennai-based Basilic Fly Studio, whose SME offer garnered bids of just over Rs 14,000 crore.

PB Fintech shares have rallied over 80% in the last 12 months and have outperformed Nifty which has returned over 15% during this period. The stock is currently trading above its 50-day and 200-day simple moving averages (SMAs).

Fed move pushed Nifty up and kept it buoyant throughout the day.

In an interview with ETMarkets, Rahul Baijal, senior fund manager – equities at HDFC Asset Management Co spoke about the factors that will influence the market in 2024, the sectors that the fund house is positive on, and his view on midcaps and smallcap stocks.