Insurance stocks may stay active as the Union Cabinet is expected to consider the Insurance Amendment Bill on Friday. The proposal reportedly includes major sector reforms, including raising FDI in insurers to 100% and other changes aimed at modernising the industry.Read More

The Indian rupee has fallen to a new record low against the US dollar. This decline is attributed to the lack of a trade deal with the United States and corporate dollar outflows. The Reserve Bank of India likely intervened to moderate the rupee’s slide.Read More

Interest surged across 9 stocks in the NSE F&O pack.Read More

Piramal Pharma’s US facility inspection concluded with four observations from the FDA. The company expects a voluntary action indicated classification. Piramal Pharma is preparing a response to the regulator. This comes as the company reported a net loss in the September quarter, impacted by its contract development and manufacturing segment. Shares have seen a decline...Read More

Methodhub Software is set to debut on the BSE SME platform on December 12. The company’s Initial Public Offering saw a robust subscription of 28.91 times. Despite this strong response, the grey market premium indicates moderate listing expectations. The IPO aims to raise funds for loan repayment, working capital, and expansion.Read More

ICICI Prudential AMC’s Rs 10,602 crore IPO opens for subscription on December 12. This is a pure offer for sale by its UK partner. The offer closes on December 16. The company manages significant assets and shows strong profitability. Brokerages recommend subscribing for long-term investment. Valuations are considered fair, with modest listing expectations.Read More

The US dollar is weakening, heading for its third weekly drop as the Federal Reserve signals potential rate cuts next year, boosting the euro and sterling. Investors are uncertain about future US monetary policy due to unclear inflation and labor market trends.Read More

We have collated a list of recommendations from top brokerage firms from ETNow and other sources.Read More

The S&P 500 and Dow Jones closed at record highs Thursday, driven by financial stocks after a less hawkish Federal Reserve. The Nasdaq lagged as Oracle’s AI spending concerns and weak forecasts caused its shares to tumble, fueling fears of an AI bubble. Market rotation favored cyclicals and small caps amid anticipation of global growth...Read More

Oil prices saw an increase on Friday due to worries about more Venezuelan oil tankers being intercepted. However, prices are still set for a weekly drop. This is because of hopes for a peace deal between Russia and Ukraine. A peace agreement could boost Russian oil supply. Meanwhile, Ukrainian drones hit a Russian oil platform.Read More