Bull run extends on D St! Sensex leaps 353 pts, Nifty nears 20,950

Closing Bell on December 6, 2023: The benchmarks on the BSE and NSE, along with the MidCap index, hit fresh lifetime highs today

8:39 AM

CBI files FIR, searches 13 locations in Uco Bank fund transfer case

The CBI has registered an FIR in connection with Rs 820 crore worth of suspicious IMPS transactions in UCO Bank in November this year and searched 13 locations in multiple cities, officials said on Tuesday. The search operation, which continued till late night Monday, also covered Kolkata and Mangalore, they said. Read

8:35 AM

NSE likely to defer the internal deadline for trading hour extension

The National Stock Exchange (NSE) of India is likely to indefinitely defer the internal deadline set for extending trading hours, according to sources in the know. The exchange aimed to introduce a three-hour evening session exclusively for index derivatives by March 2024, contingent upon regulatory clearance from the Securities and Exchange Board of India (Sebi). Read

8:30 AM

Stocks to Watch today, Dec 6: Canara Bk, Somany, Zee Learn, Patanjali Foods

Canara Bank: As per reports, the bank is looking to raise up to Rs 3,500 crore via tier-I bonds. 
 

Patanjali Foods: It is aiming at sales of Rs 1,000 crore in the masala business. Baba Ramdev, non-executive director at Patanjali Foods, said the company was looking to build the biscuits and edible oil business, which would not only drive growth but build good margins.
 

Zee Learn: Axis Bank has initiated Corporate Insolvency Resolution Process (CIRP) against Digital Ventures Private Limited, wholly-owned subsidiary of Zee Learn. Read

8:24 AM

Gold price falls Rs 1,090 to Rs 63,110, silver down Rs 2,000 at Rs 78,500

8:19 AM

Minor pullback in Nifty IT; range-bound movement in Nifty Auto likely

The current market price for the Nifty IT Index is 32,479.15, and the near-term trend is upward. Despite the prevailing bullish sentiment, a minor pullback is anticipated. Implementing a strict stop loss at 32,900 on a closing basis, the optimal trading strategy for risk-tolerant traders involves selling either at the current market price or on upward movements. Read

8:14 AM

Nifty resistance at 21,193; LIC, India Cement top buy calls by Vinay Rajani

Nifty continued its upward journey and rose for the sixth consecutive session on Tuesday. Nifty registered a fresh all time high at 20,864. Next resistance for the Nifty is seen at 21,193, which happens to be 61.8 per cent Fibonacci extension level of the swing seen from 16,828 (March 2023 Bottom) to 20,222 (Sep 2023 Top) and from 20,222 to 18,837 (Oct 2023 Bottom). Read

8:10 AM

Rupee settles at record closing low of 83.39/$

8:05 AM

Apple reclaims $3 trn m-cap from August

Apple’s market cap closed at about $3 trillion for the first time since August after its shares climbed 2% to $193.42 per share on Tuesday.

 

Apple’s value officially crossed the $3 trillion mark for the first time in June, and briefly touched $3 trillion in December 2022 during intraday trading. Apple stock hit its all-time high July 31 and it remains the most valuable publicly traded US company.

Via CNBC.com

8:00 AM

Brent Crude down at $77

7:55 AM

Gift Nifty futures trade above 21,000

7:52 AM

Australia Q3 inflation rises 2.1%, ahead of expectations

Australia’s gross domestic product expanded 2.1% year-on-year in the third quarter, beating the 1.8% growth expected by economists polled by Reuters. 

Via Reuters

7:45 AM

Nikkei leads gains in Asia

From: CNBC

7:40 AM

US stocks close mixed on Tuesday

7:37 AM

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