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NHPC shares are poised for investor attention after Unit 2 of its 2,000-MW Subansiri project successfully synchronized with the grid on December 2, 2025. This marks the first unit to supply power for testing, with Commercial Operation expected this month. The project promises significant clean energy generation, bolstering India’s green goals.
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The Indian rupee is poised for a modest recovery against the U.S. dollar in the coming months, contingent on a trade deal between the two nations. Despite recent record lows and significant foreign investor outflows, analysts anticipate a stabilization. A breakthrough in trade talks is seen as crucial for boosting sentiment and improving capital flows,...
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Luxury Time, a distributor of Swiss luxury watches, is launching its Rs 18.74 crore IPO. The subscription opens on Thursday and closes on December 8. The company plans to list on the BSE SME platform on December 11. Proceeds will fund new retail stores and working capital. Luxury Time distributes brands like TAG Heuer and...
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As long as the stock is priced above the 200-day SMA on the daily timeframe, it is generally considered to be in an overall uptrend.
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Western Overseas Study Abroad, a North India-based education and immigration consultancy, is launching its IPO on Thursday, aiming to raise Rs 10 crore by offering 17.98 lakh equity shares at Rs 56 each. The company plans to utilize the funds for brand strengthening, software acquisition, debt repayment, and general corporate purposes, capitalizing on the growing...
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Indian markets experienced a volatile session, closing marginally lower due to a weakening rupee and caution ahead of the MPC meeting. IndiGo faced an investigation by DGCA for flight disruptions, while NHPC synchronized a unit of its Subansiri project. ONGC’s chairman received a one-year extension, and RIL partnered with Surrey County Cricket Club for the...
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Asian stocks rose, mirroring US gains after weak jobs data bolstered expectations for a Federal Reserve rate cut next week. Bitcoin slipped as traders priced in a high chance of a December reduction. Investors are watching Japan’s bond auction and the dollar’s impact on Asian currencies.
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The U.S. dollar weakened as lackluster economic data bolstered expectations of a Federal Reserve rate cut. This boosted the euro to a near seven-week high and provided relief to the yen. Investors are also considering the potential impact of Kevin Hassett as the next Fed Chair, who is expected to advocate for further rate reductions.
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Gold prices held steady above $4,200 on Thursday, driven by weak private payrolls data. This reinforced expectations of a U.S. interest rate cut at the Federal Reserve’s upcoming meeting. The dollar also hit a five-week low, further favoring non-yielding assets like gold.
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Oil prices edged higher as Ukrainian attacks on Russia’s Druzhba pipeline and stalled peace talks hinted at potential supply disruptions. Despite these factors, weak global demand and oversupply concerns limited gains, with Fitch Ratings lowering its future oil price assumptions due to these market conditions.
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