The Economic Times News

Five Nifty50 stocks showed improving momentum on 23 December as their RSI levels moved above the key 50 mark from lower zones. This RSI upswing signals an early bullish bias, indicating strengthening price action. Rising momentum helps traders spot potential buying opportunities at an early stage.

Adani Ports revised its FY26 EBITDA and cargo volume targets upwards following the acquisition of Australia's North Queensland Export Terminal (NQXT). The company now projects Rs 22,35023,350 crore EBITDA and 545555 million metric tonnes cargo throughput by FY26, reinforcing its 2030 goal of 1 billion metric tonnes.

Tata Motors Passenger Vehicles is set to make waves with an ambitious EV expansion, planning five new electric models by FY30, including the premium Avinya range. A significant Rs 16,000-18,000 crore investment will fuel new launches, expand the lineup, and build extensive charging infrastructure, aiming to solidify market leadership and drive mass adoption of electric mobility across India.

Oil prices saw modest gains, buoyed by strong U.S. economic growth and potential supply disruptions from Venezuela and Russia. Robust consumer spending fueled a faster-than-expected GDP increase in the third quarter. Concerns over Venezuelan exports and ongoing attacks on Russian energy infrastructure are supporting market sentiment, overshadowing inventory data.

We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

MARC Technocrats shares will list on the NSE SME platform on December 24. The grey market premium is flat. The Rs 43 crore IPO saw strong demand, especially from retail investors. The company provides infrastructure consultancy services to government bodies. Financials show significant growth in revenue and profit. The issue price was fixed at Rs 93 per share.

Global Ocean Logistics is set to list on the BSE SME platform on December 24. The company's IPO saw strong demand, with a subscription of 13.64 times. Despite this, the grey market premium is flat. The Rs 30 crore IPO aims to fund business expansion and working capital. Global Ocean Logistics is a freight forwarding company with a pan-India presence.

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.

The U.S. dollar is poised for its worst annual drop in over two decades, as investors anticipate further Federal Reserve rate cuts. Meanwhile, the euro and Antipodean currencies are strengthening, with central banks in Europe, Australia, and New Zealand signaling a potential shift towards tighter policy. Traders remain watchful for Japanese intervention to support the weakening yen.

Gold prices have crossed the $4,500 an-ounce mark for the first time. Silver and platinum have also reached record highs. This surge is fueled by investor demand for safe assets and anticipation of more U.S. interest rate reductions next year. The U.S. dollar's decline further supports these precious metals.

U.S. stocks climbed Tuesday, with the S&P 500 reaching a record high following robust GDP data. Strong economic growth pushed bond yields higher, benefiting growth stocks like Nvidia and Alphabet. Despite some weaker economic indicators, the market anticipates a potential Santa Claus rally as the year concludes.

Global trading firm Jane Street is under intense regulatory scrutiny. India's SEBI is investigating alleged market manipulation, seeking millions in penalties. Simultaneously, Jane Street has begun lobbying in Washington, a significant shift after years of low profile. The firm denies wrongdoing in India and continues to post record profits, expanding its trading operations elsewhere.

Asian stocks opened higher, following Wall Street's record rally fueled by robust US economic growth data. Gold, silver, and copper prices surged to new highs, while oil extended its gains amid geopolitical tensions. Despite strong US growth, bets on near-term Federal Reserve easing were scaled back as risk appetite remained firm heading into year-end.

Mahindra & Mahindra Financial Services shares have surged significantly, outperforming the NBFC index due to strong Q2 performance. Robust auto financing, a GST rate cut, and improved net interest margins, driven by lower funding costs and higher fee income, are fueling this growth. Analysts anticipate continued momentum and an improved return on assets in the coming years.

Indian markets paused after a recent rebound, ending flat as global cues guide direction amid a holiday-shortened week. Analysts anticipate consolidation but maintain a positive outlook. Key stocks in focus include Adani Ports, Federal Bank, RIL, and Tata Motors PV due to significant business developments and strategic expansions.

Analysts view the Adani Group's proposed cement business merger favorably for Ambuja Cements shareholders, simplifying the group structure and removing management complexities. Share swap ratios are seen as neutral for ACC's minority shareholders and positive for Orient Cement's. The deal is expected to streamline operations and reporting across the integrated entity.

Indian stock markets closed expiry day with small gains. Analysts anticipate lower trading volumes this week due to holidays. Markets are expected to hold steady at current levels. Global markets are showing positive signs. The VIX, a fear gauge, has fallen. Foreign investors were net sellers, while domestic investors were net buyers. The Rupee strengthened slightly against the dollar.

Gold prices hit a record high of 1.36 lakh per 10 grams on Tuesday. This surge is influenced by rising international prices and expectations of further gains. Experts predict gold could reach 1.38 lakh to 1.4 lakh by January 2026. Consumers are holding onto existing gold, anticipating even higher prices.

Railway-linked stocks have seen a year-end comeback, with companies in ticketing, rolling stock, and infrastructure posting significant gains. Jupiter Wagons led the rally, attributed to budget expectations and a preferential issue conversion. Analysts suggest booking profits on further rallies while focusing on wagon businesses with stronger demand.

Equity markets may witness a 'Santa Rally' as analysts point to strong technical cues and historical data. The Nifty has historically gained in 77% of year-end periods, with analysts expecting further upside towards 26,500. Stable global cues and low volatility support a continued upward trend.

Raytheon Technologies secured a $1.7 billion contract to supply four Patriot air and missile defense systems to Spain. This mobile system, developed by Raytheon, is designed to detect, track, and destroy incoming aircraft and missiles. The deal follows similar orders from Germany, the Netherlands, and Romania, and a separate U.S. sale to sustain Ukraine's Patriot systems.

Consumers confidence in the economy was shaken in December as Americans grow anxious about high prices and the impact of President Donald Trump's sweeping tariffs.

Indian markets closed flat as IT stocks slipped and foreign investors sold, halting a short rally. Analysts see improving technical momentum in Nifty after a breakout, favouring buy-on-dips amid mixed global cues and cautious year-end positioning.

Novo Nordisk shares jumped 10% on Tuesday after the U.S. Food and Drug Administration approved its weight-loss pill, giving the Danish drugmaker a competitive edge over rival Eli Lilly in the fast-evolving market for obesity drugs.

State-owned Bank of India on Tuesday said it has raised funds through issue of long-term infrastructure bonds of Rs 10,000 crore at a coupon rate of 7.23 per cent per annum.

Nifty ended marginally higher for the third straight session. Analysts favour buy-on-dips above key support and recommend JSW Infrastructure, Godawari Power, NMDC and UPL for near-term gains.

SBI Mutual Fund and BlackRock bought nearly Rs 897 crore worth of Belrise Industries shares via a block deal, as promoter entity Sumedh Tools exited. The purchase lifted Belrise stock to a fresh 52-week high, reflecting strong institutional investor confidence.

Tata Motors Finance settled a Sebi case over alleged NCD issuance violations by paying Rs 0.32 crore. The regulator found private placements effectively became public issues after debentures were down-sold to over 200 investors, breaching Companies Act and Sebi norms.

U.S. stock indexes opened lower on Tuesday after stronger-than-expected economic data drove Treasury yields higher, weighing on heavyweight technology stocks.

Vedanta chairman Anil Agarwal says silver has entered a structural upcycle, driven by technology-led demand. Silver has surged 125% in 2025, outperforming gold, and now contributes nearly 40% of Hindustan Zincs profits, strengthening Vedantas earnings diversification and margins.

The Reserve Bank of India on Tuesday said it will purchase government securities worth Rs 2 lakh crore and conduct a USD 10 billion buy/sell dollar-rupee swap auction to inject liquidity in the banking system.

Silver prices hit a fresh record on Tuesday breaching the $70 per ounce mark in the spot market driven by strong industrial and investment demand, tightening inventories, geopolitical tensions, and expectations of further U.S. rate cuts.

Brookfield India Real Estate Trust has raised Rs 2,000 crore by issuing bonds to various investors, including IFC.

Private equity and venture capital investments in the country surged 31 per cent to USD 5.6 billion in November, according to a report on Tuesday.

Defence electronics firm Tonbo Imaging filed draft IPO papers with Sebi for a pure offer for sale. The company is Indias fastest growing defence tech player, dominates thermal imaging exports, has global customers, rising overseas revenue, strong margins and visibility.

Seven BSE midcap stocks touched fresh 52-week highs, marking their strongest levels over the past year.

Indian government bonds ended steady on Tuesday, amid worries over excessive supply till next quarter and waning prospects for further rate cuts, while the benchmark bond recovered from its intraday lows on likely central bank purchases.

Billionaire investor Ray Dalio told Nikhil Kamath that he consistently holds 810% of his wealth in gold, calling it the best hedge against a debt-driven global economy. He described gold as an anti-dollar asset, warned about risks in fiat systems, and said India remains a standout long-term growth story.

Adani Ports completed an all-share acquisition of Australias NQXT terminal, securing approvals and adding a high-margin, cash-generating overseas asset. The deal boosts FY26 EBITDA outlook, strengthens East-West trade positioning, and underpins expansion plans amid rising global port consolidation trends worldwide.

Promoters trimmed their stakes across key midcap names, including AWL Agri Business, Polycab India, Alkem Labs and Gujarat Fluorochemicals in Q2FY26, signalling fundraising needs but raising investor caution.

The pound rose to a near three-month high against a broadly weaker dollar on Tuesday, as traders assessed green shoots in the UK economy while keeping a close eye on persistent inflation.

The RBI conducted short-tenor FX buy-sell swaps to cool a surge in hedging costs, pulling one-month forward yields down from multi-year highs. The move follows lender requests as elevated premiums erode foreign investor returns and trigger outflows from bonds and equities, underscoring the challenge of managing rupee stability.

Indian markets closed flat as IT and financial stocks lagged in range-bound trade. Ambuja Cements jumped on consolidation plans, Jupiter Wagons extended gains, Coal India rose on IPO buzz, while Coforge and Meesho corrected on profit booking.

Indian markets may stay range-bound in 2026 unless earnings growth revives and the rupee stabilises, warns Demeter Advisors founder Ashwini Agarwal. While IPO momentum remains strong, fresh foreign inflows are limited. Agarwal advises asset allocation, cash buffers and bottom-up stock picking as key strategies amid valuation disparities and macro risks.

Sebi cleared three IPOs across cloud services, polymers and infrastructure, all entirely fresh issues. ESDS plans a Rs 600 crore raise for data centres, BLS Polymers targets expansion and working capital, while Dhariwal Buildtech aims to cut debt levels significantly.

Nifty is likely to challenge its lifetime high of 26,300 soon, with dips offering buying opportunities, says ICICI Directs Dharmesh Shah. Bank Nifty shows relative strength, while IT stocks are seeing normal profit booking after a sharp rally. Medium-term outlook remains positive, with a Santa rally and higher January targets in focus.

Ray Dalio warns investors to focus on the U.S.-China technology war, not daily market noise. He says the global order is breaking down, technology will decide power, and India could emerge as the strongest growth outlier by staying neutral.

Indian markets ended flat on Tuesday as a pullback in IT stocks halted a brief rally and foreign investors turned sellers. The Sensex dipped 42 points while the Nifty held steady. Broader markets were mixed, even as global equities hovered near record highs and commodities flashed volatility amid geopolitical tensions.