Shriram Capital Limited (SCL), the holding company of the Shriram Group, and Shriram City Union Finance are being merged with Shriram Transport Finance, and the company will now be named as Shriram Finance

Market has definitely gone in an overbought zone, but still there is inherent strength witnessed on the daily chart. There is an Inverted Head and Shoulder pattern, which has a projected target of around 19,900-20,000 levels and after a short consolidation or correction can further regain strength.

Domestic brokerage firm Axis Securities has released its December reports, where it is positive on half a dozen largecap counters that can rally up to 30% in the coming months. It believes that the current market is a 'buy on dips’ play.It has recommended investors to maintain good liquidity to use such dips in a phased manner and build a position in quality companies with an investment horizon of 12-18 months. Here are top largecap picks of the brokerage firm:

Shriram Capital Limited (SCL), the holding company of the Shriram Group, and Shriram City Union Finance are being merged with Shriram Transport Finance, and the company will now be named as Shriram Finance

An arguably better approach for retail users affected would be for them to go back to the first principles of blockchain technology – to have custody of their own assets and have a trustless mechanism to verify assets, transactions and interactions on chain

Consolidation is the driving feature of India’s property, said Nuvama Institutional Equities. "We believe buoyancy in sales would sustain driven by pick-up in launches, aided by cash flow improvement, diversification and market share gains."

Decarbonisation, sustainability, manufacturing and consumption are the themes that have emerged in India in the last two years

Empirical data shows that December is the month which delivers the highest returns when compared to the other months of the year

There is a strong global appetite to invest in infrastructure, particularly renewable energy. Macquarie anticipates $2 trillion in global inflows over the next five years, given the thrust of several countries to drive significant climate policy initiatives.

We have a long way to go to get inflation down” to the Fed’s target, Summers told Bloomberg Television’s “Wall Street Week” with David Westin. As for Fed policymakers, “I suspect they’re going to need more increases in interest rates than the market is now judging or than they’re now saying

The BSE Realty index clocked over 4% gains, being the top sectoral index gainer for the week.

SBI, the country’s largest lender, received overwhelming response from investors with bids of Rs 16,366 crore, prompting an early closure of the issue. It was scheduled to close next week.

After witnessing a phase of under-performance, select pharma stocks had been making a comeback. The list includes MNC pharma companies which have restructured their operations in the last four years. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.

The initiative by ICICI Bank offers builders instant generation of account numbers for registration with the Real Estate Regulatory Authority (RERA), better statutory payments efficiently and also enables them to manage payment obligations to vendors, employees and utility providers.

“I was also spiritually initiated from a very early age. I chant the Gayatri Mantra in the mornings and evenings and perform some spiritual practices every day which fortify me mentally.”

The selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.

Since there is no new story all the time, someone selects to sell. The day there is no greater fool to sell to, the stock declines. Then the short-termers sell a little ('Just for a little liquidity'). Then the 'long-termers' entertain second thoughts. Then the media calls it a 'crash'. Then it becomes front page news. That is when people realise there is more money to be made on the incline than on the perpendicular.

"If anything, I am actually encouraged by how the market is clawing its way back from the level we were at today. It is another indication the market is looking for at least a seasonal December rally," said Sam Stovall, chief investment strategist at CFRA in New York.

Nearly three-quarters of tree growers said their wholesale prices would probably be 5% to 15% higher than last year

On the 500 index, about 400 shares settled in green, whereas more than 100 stocks ended in red. About two dozen counters rose in double digits but none of the stocks dropped more than 7% for the week.

Paytm has led the rout in shares of India's new-age businesses last month as investors, predominantly institutional, are dumping their holdings, raising concerns how much more would these stocks fall.

“Retail investors may shift from large banks to undervalued IT stocks from a three to five-year perspective. This strategy will most likely create an alpha on their current investment portfolio.”

“I have been blessed to get my spiritual initiation and Gayatri Mantra from one of the greatest saints of the 20th century where we were required to perform the “Tri Sandhya Vandana” and follow some spiritual practices daily,” Ajit Banerjee, Chief Investment Officer, Shriram Life Insurance, said.

Benchmark indices have risen 11-12% since early October as foreign funds resumed buying activity, making Indian markets among the best performing in the world.

The Dow Jones Industrial Average fell 256.27 points, or 0.75%, to 34,138.74, the S&P 500 lost 39.05 points, or 0.96%, to 4,037.52

SBI, the country’s largest lender, received overwhelming response from investors with bids of Rs 16,366 crore, prompting an early closure of the issue. It was scheduled to close next week.

The benchmark index Sensex snapped its 8-session rally to end 416 points lower at 62,868 on Friday. Despite a fall in the market, seven stocks from the BSE PSU index managed to touch new 52-week highs.The 52-week high is the highest price at which a stock has traded during the last year. Some traders and investors use this technical indicator as an important factor for analysing a stock's current value and for predicting its future price movement.

SVF India offloaded 2,28,42,424 shares, amounting to 5.08% stake in the company

Executives at the investment bank's global markets division were informed that the compensation pool would be slashed by a low double-digit percentage, the report said, citing people with knowledge of the discussions.Goldman Sachs did not immediately respond to a Reuters request for comment.

The Dow Jones Industrial Average fell 129.6 points, or 0.38%, at the open to 34265.45

"Labor supply looks like it will remain constrained...and the Fed's efforts to bring demand back into balance won't be easy," Barkin said in a speech to an event in Virginia, as he pointed to households still having about $1.3 trillion more in savings then they did pre-pandemic and fiscal stimulus in a recent infrastructure package passed by Congress

Since hitting an over two-year low of $524 billion in October, forex reserves have been rising as the dollar index fell off its peak. The RBI in the past has said changes in its reserves is a function of revaluation gains or losses, as well as market interventions.

The weekly charts saw the formation of a long positive candle with upper shadow. The chart pattern remained positive with higher tops and bottoms. Analysts said Thursday’s record high of 18,887 could now be considered a new higher top of the sequence, and present weakness is expected to find a higher bottom in the short term.

Snapping an 8-day winning streak, benchmark indices ended lower on Friday as investors booked profits. Benchmark indices have gained close to 4% in the past sessions. Nifty50 ended 0.6% lower at 18696.10 points, and Sensex closed 0.7% down at 62868.50 points.Here are the stocks that hogged the limelight:

The word of caution from the regulator comes following observations of such acts on the platform where certain groups have been misusing and misrepresenting some asset management companies

The rate-setting Federal Open Market Committee meets on Dec. 13-14, capping a volatile year that saw the central bank respond to the fastest outbreak of inflation since the 1980s with the fastest increase in interest rates since then to try to offset it. That aggressive response sent a shock through the financial system that at one stage erased nearly $12 trillion of U.S. stock market value and more recently pushed home mortgages rates to 7% for a population used to cheap money.

Sensex snaps 8-session rally, ends 416 points lower; Nifty below 18,700; Paytm jumps 8%, Adani Transmission tanks 3%.

The 30-share Sensex ended 416 points lower at 62,868 dragged by auto, banking and financial stocks, while its broader peer Nifty 50 ended below 18,700 level

While the Street appears convinced that the ongoing phase of the bull run is not going to stop anytime soon, traders chose to take some profits off the table amid a subdued mood in global markets.

The valuation of FMCG major Parle Products, which is also unlisted, jumped over 142% YoY to touch Rs 62,600 crore, shows Burgundy Private Hurun India 500 report.

“This initiative is a part of the company’s growth strategy to bring innovative products to the Indian markets. It will now offer a world-class range of technology-oriented drainage and plumbing solutions, segmented under the modern plumbing vertical,” the company said in a BSE filing.

“A major market positive that has helped equity markets globally during the last several days has been the steady decline in the dollar index and US bond yields. This trend continues. The dollar index is now below 105 and the US 10- year bond yield is around 3.43%,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.

The weekly expiry option for Nifty witnesses PE writers actively adding their positions at 18800PE - over 39 lakh shares OI, with fresh additions of more than 31 lakh shares. The same support base was at 18200 in the past week, which clearly highlights the intention of the market to move upside now.

NLC India and GRIDCO have signed MoU for setting up of ground-mounted/floating solar power projects, pumped hydro storage projects, green hydrogen projects and many other renewable projects.

According to NSE data National Stock Exchange (NSE), 61.19 lakh shares worth Rs 291.46 crore were traded as of 11.30 am. On BSE, 3.57 lakh shares amounting to Rs 17.07 crore exchanged hands, but block deal data is yet to come.

In equity markets, investors generally look for stocks that can double their value in the shortest time period. But picking the right stocks is not an easy task. ETMarkets analysis stocks that have not only turned multibaggers in 2022 but have consistently gained over 100% in the year 2020 and 2021 as well. We considered only companies with a market cap of over Rs 500 crore. From the BSE universe, there are seven such stocks that have made the cut. (Data Source: ACE Equity).Here's a look at their SWOT analysis:

The investors and the bank will engage with the RBI to seek an early resolution of the conditions to procure the final approval on this matter,” it added. Earlier in July, Yes Bank had said it would raise $1.1 billion from Carlyle and Advent for a 10% stake each in the bank, as it looked to boost its capital and fund growth.

As we know, just a simple hospital stay can cost lakhs of rupees, so it's important to have savings set aside specifically for healthcare costs. Even if you have health insurance, having savings will help cover co-pays, and other out-of-pocket costs. If your health insurance doesn't cover all of your expenses, you may end up owing money on top of the original bill. Which is unfortunately the reality of medical emergencies.

The global brokerage firm has maintained its equal weight rating on One97 Communication, the parent firm of Paytm, with a target price of Rs 695. Management is confident of strong growth as well as achieving its adjusted EBITDA break-even target by September 23 and it does not see any significant risk to its payment margins, Morgan Stanely said.