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*News Headlines from Business News Agencies :*
*Business Standard :*
📝 Tech Mahindra, ServiceNow collaborate to offer Gen AI management solutions
📝 Titan's Zoya plans 20 luxury jewellery stores in the next 3 to 4 years
📝 Green shoots seen on consumption, food inflation likely to fall: Ficci Prez
📝 CPPIB, RMZ to invest $750 million in commercial project in Mumbai
📝 Lenders likely to securitise loans over Rs 60,000 crore in Q3FY25
📝 Domestic steel capacity utilisation to hit four-year low, says ICRA
📝 HDFC Bank discloses Sebi warning letter over regulatory non-compliance
📝 Mirae Asset launches 2 funds targeting India's emerging consumer landscape
📝 PC Jeweller board approves issuing 51.7 mn shares to lenders to settle debt
📝 SBI adds to record samurai loan boom with $197 million debt facility
📝 Edible oil import up 39% in Nov on higher shipment of crude oils: SEA
📝 GHCL gets environmental nod for soda ash project
*Economic Times :*
📝 Auto component industry grows 11% to Rs 3.32 lakh crore in April-September: ACMA
📝 Jewellery retailer Bluestone files for IPO, to sell fresh shares worth $118 million
📝 China vows to issue more debt, cut interest rates next year
📝 TCS extends partnership with Telenor Denmark to manage IT infra
📝 Expect economic growth of 6.5-7 pc this fiscal; pick up in private investment: FICCI President
📝 CREDAI-Bengaluru seeks government support to resolve E-Khata related issues
📝 Tata Motors to hike trucks, buses prices by 2% from Jan 1
📝 Govt seeks Parliament nod for Rs 44,143 crore extra spending in FY25
📝 Govt considering proposal to impose safeguard duty on steel imports
📝 NCLAT appoints NBCC as consultant to complete Supertech's 16 housing projects at Rs 9,445 cr cost
📝 Swiss National Bank cuts interest rates by 50 basis points
*Mint :*
📝 Govt confident of economic rebound despite global challenges, says Piyush Goyal
📝 India's October industrial output at 3-month high of 3.5% y/y
📝 India's retail inflation eases to 5.48% in Nov on softer food prices
📝 Cumulative capex of airports expected to grow 12 pc at ₹60,000 cr in 3 yrs: Report
📝 India may extend duty-free yellow pea imports by two months
📝 Income tax refunds rise 46.31% to ₹3.08 lakh crore in FY24-25: FinMin
📝 Thousands of Chinese EVs Clog Up Brazil’s Ports in Slowdown
📝 Over 540 mn bank accounts opened under Pradhan Mantri Jan Dhan Yojana: Report
📝 Rupee hits record low, RBI intervention counters bearish tilt
📝 Hotel sector set for growth with ₹8000-cr IPOs & ITC demerger: Jefferies
📝 IEA lifts 2025 oil-demand forecast but expects growth to remain subdued
Securities in Ban For Trade Date 13-DEC-2024:
1 GRANULES
2 HINDCOPPER
3 METROPOLIS
4 NATIONALUM
5 PVRINOX
6 RBLBANK
INTRADAY CALL UPDATE : BOOK PART PROFITS IN BANKNIFTY PUT OPT 53300 24DEC AT 555 RECO LONGS GIVEN AT 500
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INTRADAY BUY BANKNIFTY PUT OPT 53300 24DEC AT 500,SL-444,TRGT-666
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INTRADAY BUY NIFTY PUT OPT 24650 12DEC AT 79,SL-54,TRGT-155
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INTRADAY CALL UPDATE : BOOK PROFITS IN HAL AT 4710 RECO LONGS GIVEN AT 4670
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BTST CALL UPDATE : BOOK FULL PROFITS IN RADICO AT 2455 RECO LONGS GIVEN AT 2425
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BTST CALL UPDATE : BOOK FULL PROFITS IN JWL AT 584 TARGET HIT RECO LONGS GIVEN AT 551
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IPO DAY 2 : Sai Life Sciences IPO Details : Issue Date : 11 DEC-2024 to 13 DEC-2024 Offer Price : 522-549 per equity share. Lot Size : 27 shares
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IPO DAY 2 : Vishal Mega Mart IPO Details : Issue Date : 11 DEC-2024 to 13 DEC-2024 Offer Price : 74-78 per equity share. Lot Size : 190 shares
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Securities in Ban For Trade Date 12-DEC-2024:
1 GRANULES
2 HINDCOPPER
3 MANAPPURAM
4 METROPOLIS
5 PVRINOX
6 RBLBANK
PROV FIGS AS ON 11 DEC-24 (IN CRS)
FII/FPI : -1012.24
DII : +2007.85
INTRADAY CALL UPDATE : EXIT POSITIONS IN RELIANCE OPT 1300 DEC SER AT 15 RECO LONGS GIVEN AT 17
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🇺🇸 Markets on Thursday
#DowJones -0.53%, 6th straight losing day
#Nasdaq -0.66%
S&P500 -0.54%
Tech names come in for profit taking
👎 Nvidia -1%
👎 Adobe -13% following weaker-than-expected 2025 outlook
👎 Meta Platforms, Alphabet & Amazon ended the session lower as well
Economic Data Hotter than expected
👉 Producer price index, which tracks wholesale prices, +0.4% last month vs expected +0.2% increase on a monthly basis
Fed funds futures trading data gives a 95% probability that central bank will cut by 25 bps
Source: CME FedWatch Tool.
Central Banks Cutting rates
1⃣ ECB - European Central Bank’s cut interest rates by 25 bps
2⃣ Swiss National Bank also cut rates by 50 bps
Other Assets
💲 Dollar Index at 106.9, Stronger on fresh inflation data & as the euro slipped post ECB rate cut
🇺🇸 10 year yield at 4.32%
⛽️ Brent Crude at 73.5$/barrel
🪙 Gold 2685$/ounce, slips from 5 week highs
💸 Bitcoin at 100750$
Stocks in after hours
🚀 Broadcom +14% after posting strong earnings & reported that artificial intelligence revenue soared 220%
🚀 Shares of home furnishing company RH +18% on strong revenue growth guidance
PROV FIGS AS ON 12 DEC-24 (IN CRS)
FII/FPI : -3560.01
DII : +2646.65
MARKET AT 1.33 PM : SENSEX 81272 (-251 ) NIFTY 24548 (-93)
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INTRADAY CALL UPDATE : BOOK PART PROFITS IN NIFTY PUT OPT 24650 12DEC AT 108 RECO LONGS GIVEN AT 79
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INTRADAY CALL BUY SWAN ENERGY AT 771,SL-760,TRGT-799
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BTST CALL UPDATE : BOOK FULL PROFITS IN DIVISLAB AT 5990 RECO LONGS GIVEN AT 5925
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IPO DAY 1 : Inventurus Knowledge Solutions IPO Details : Issue Date : 12 DEC-2024 to 16 DEC-2024 Offer Price : 1265-1329 per equity share. Lot Size : 11 shares
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IPO DAY 2 : Mobikwik Systems IPO Details : Issue Date : 11 DEC-2024 to 13 DEC-2024 Offer Price : 265-279 per equity share. Lot Size : 53 shares
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*News Headlines from Business News Agencies:*
*Business Standard*
📝 Investment commitments in data centres may cross $100 bn by 2027: Report
📝 Oil prices rise as China's policy easing stirs demand optimism
📝 India's atomic power capacity to be tripled by 2032: Jitendra Singh
📝 Centre steps up on gas to increase 70+ enrolment in Ayushman Bharat
📝 Expect same high growth momentum to continue in 2025, says Toyota
📝 Emami fined Rs 15 lakh in decade-old Fair & Handsome misleading ads case
📝 Industry needs to stay competitive instead of seeking tariff cut: Secy
📝 B2B robotics startup Haber raises $44 mn in funding from Creaegis, BEENEXT
📝 Maritime sector key to India's vision of 3rd largest economy: VP Dhankhar
📝 Maruti to add 2,760 service outlets by FY31: CEO Hisashi Takeuchi
📝 Govt further tightens stock limit on wheat to check hoarding, price hike
📝 EVs, ancillary industries may see Rs 3.4 trn investment by 2030: Colliers
*Economic Times*
📝 Swiggy rolls out invite-only membership programme One BLCK
📝 Logistic cost in India to come down to 9 pc in 2 years: Nitin Gadkari
📝 Reliance Strategic Business Ventures’ Rs 202 cr plan for Karkinos Healthcare approved by NCLT
📝 Cipla gets CDSCO nod to launch inhalation insulin
📝 India must work to enhance its digital sector to become an economic powerhouse, says PM Modi
📝 Healthcare sector sees surge in hiring intent led by Delhi, Chennai: TeamLease EdTech
📝 Crypto regulation, broad based PLI, AI focus key: PHDCCI president
📝 IATA chief optimistic about India providing more bilateral flying rights
📝 Travel Food Services files draft papers with Sebi for Rs 2,000-cr IPO
📝 Salesforce India CEO Arundhati Bhattacharya to lead ASEAN
📝 MLMM partners with Vidyut to launch battery-as-a-service financing for EVs
*Mint*
📝 TIVOLT Electric Vehicles inks pact with Tata Power Renewable Energy to build charging ecosystem
📝 RBI to ensure policy stability, remain agile to meet challenges: Sanjay Malhotra
📝 China’s Weaker Yuan Sends Ripples Across Emerging Market Currencies
📝 ADB downgrades India's growth forecast for FY25 and FY26
📝 Datamaran Announces Deal With Deloitte to Use ESG Software
📝 Oman Will Seek Talks With BP, Shell to Secure Latest LNG Project
📝 Coca-Cola sells 40% stake in bottling arm HCCBL to Jubilant Bhartia Group
📝 Pipeline expansion, tariff revision could be game-changers for Gail
📝 India's 10-year bond yield may fall to 6.6% if RBI eases in Feb, ICICI Bank's Prasanna says
📝 BEML bags ₹136-cr Defence Ministry contract for high mobility vehicles
📝 Indian hospitality sector eyes Rs80 billion boost as four new players gear up for market debut: Jefferies
🇺🇸 Markets on Wednesday
#DowJones -0.22%
#NASDAQ +1.77%
S&P500 +0.82%
Nasdaq outperforms as Tech rallied
👍 Alphabet +5.5%, on the heels of Google making a breakthrough in quantum computing with its new chip
👍 Nvidia +3% & Tesla +6%
👍 Meta Platforms +2% & Amazon +2.3%
November’s inflation report met economists’ projections
👉 CPI Reading showed a 0.3% rise from October & 2.7% increase from a year ago
Fed funds futures are pricing in a roughly 95% likelihood that there will be a 25 bps cut
Source: CME’s FedWatch Tool.
Other Assets
💲 Dollar Index at 106.63
🇺🇸 10 year yield at 4.28%
⛽️ Brent Crude at 73.5$/barrel, EU agrees further sanctions threatening Russian oil flows
🪙 Gold 2,719/ounce
💸 Bitcoin at 1,00,800$
INTRADAY CALL UPDATE : EXIT LONGS IN STYRENIX AT 2949 SL HIT RECO LONGS GIVEN AT 2980
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