The Economic Times News

Cleveland Fed President Beth Hammack believes monetary policy should be tighter. She feels current interest rates are around neutral. Hammack would prefer a more restrictive stance to pressure inflation. She indicated this view ahead of a recent rate cut. Hammack will be a voting member of the FOMC next year.

Japanese stocks surged on Friday, marking a third consecutive weekly gain, buoyed by positive Wall Street sentiment following a less hawkish US Federal Reserve. The Nikkei 225 closed higher, with the Topix reaching a record. Investors now await the Bank of Japan's policy decision next week, with caution expected early on. Tech stocks saw mixed performance, with some major decliners.

Prudential Corporation Holdings is set to make 10,603 crore from the ICICI Prudential AMC IPO, marking an extraordinary 108,170% return on shares bought 20 years ago for 2 each. The firm is selling 4.89 crore shares entirely via OFS at 2,165 apiece, reducing its stake from 49% by 10%.

Hindustan Zinc shares surged in four days to Rs 547, driven by soaring silver prices following the US Feds rate cuts. As silver more than doubles this year, analysts say the market is still underestimating Hindustan Zincs leverage to the metal, which contributes nearly half its EBIT. With strong global positioning, improving margins and rising investor interest, the stock is nearing its 52-week high.

Indias maritime sector is entering a structural growth phase, supported by ambitious national visions, strong policy incentives, rising demand aggregation, and expanding shipbuilding and port capacity. As global trade shifts toward Asia and greener vessels, India is positioned to emerge as a major maritime power over the coming decades.

Gujarat Mineral Development Corporation shares rose significantly after the company awarded operational duties for its Baitarni-West coal mine in Odisha. This move follows the acquisition of forest and environmental clearances. The development marks a key step in GMDC's coal sector expansion. The company is focused on building a diversified mining business.

Motilal Oswal has pinpointed ten stocks poised to capitalize on India's projected multi-trillion-dollar economic expansion. These selections span autos, financials, capital goods, and healthcare, reflecting key growth drivers like increased incomes, digitalization, and a robust investment cycle. The brokerage highlights companies expected to benefit from sustained demand and market formalization.

Swiggy shares have rebounded modestly after a steep year-to-date decline, with analysts divided on the stocks next direction. Some experts highlight improving momentum, strengthening support levels, and easing selling pressure, while others warn of bearish chart patterns and weakening demand zones. With key moving averages and resistance levels in focus, the stocks upcoming movements will be crucial in confirming whether a true trend reversal is forming.

Meeshos post-IPO fireworks eased on Friday as the stock slipped on day three of trading, prompting investors to reassess their next move after two sessions of sharp gains. The story breaks down whats driving the volatility, what brokerages are advising, and whether this is the moment to buy, hold or book profits as Meesho transitions from a blockbuster debut to a more measured market reality.

Ten leading Indian companies generated a staggering Rs 46 lakh crore in shareholder wealth between 2020 and 2025. Bharti Airtel led the pack, adding Rs 7.9 lakh crore, followed by ICICI Bank and SBI, showcasing a broad market rally across banking, tech, industrials, and FMCG sectors.

Larsen & Toubro shares surged 2.5% to Rs 4,109 after Goldman Sachs upgraded the stock to 'Buy' with a Rs 5,000 target price. The brokerage cited strong growth visibility across segments, a healthy order backlog, and emerging sectors like defence and green hydrogen as key drivers for the re-rating.

HSBC has identified 10 Indian stocks poised for significant growth in 2026. Supported by favorable economic conditions, these companies are expected to outperform. The brokerage firm has set ambitious price targets for these selections, indicating strong potential upside. Investors can explore these opportunities as India's equity market anticipates a robust rally.

Jefferies cut IndiGos target price to 6,035 from 7,025, citing operational disruptions and higher costs that will dent near-term earnings. Despite trimming FY2628 profit estimates by 1353%, the brokerage kept its Buy rating, saying IndiGos strong market position and global expansion still support meaningful upside.

Indian IPOs are witnessing an unprecedented gold rush as promoters and early investors cashed out over Rs 1 lakh crore this year. This record selling spree, driven by market euphoria, saw existing shareholders pocketing 63% of total IPO proceeds. While concerns about inflated valuations arise, market participants see it as a rational exit opportunity amid strong liquidity.

Indian equities opened higher on Friday, extending the previous day's relief rally fueled by the Federal Reserve's actions. Both the Sensex and Nifty saw gains, with investors maintaining a constructive outlook ahead of crucial domestic inflation data scheduled for release later today.

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.

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

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 this year.

IDBI Bank shares surged as Fairfax Financial and Kotak Mahindra Bank are frontrunners to buy a controlling stake. The government and LIC are selling 60.72% of the lender. Financial bids are expected by December end. Both bidders have received RBI clearance. Emirates NBD is reassessing its participation.

Vedanta's shares surged after being declared the successful bidder for the Genjana Nickel, Chromium, and PGE Block in the Critical Mineral Auctions Tranche III. This strategic acquisition will bolster the company's critical minerals portfolio, supporting India's energy transition and technological advancement. The stock has shown a positive trend over various time frames.

Four Nifty500 stocks, including Vodafone Idea, appeared in the White Marubozu bullish scan on December 11, signalling strong buying momentum. The candlestick pattern reflects firm control by buyers throughout the session, indicating potential continuation of upward trends as renewed interest and positive sentiment drive short-term trading opportunities.

Tata Power shares are set to be in focus on December 12, after the company secured a letter of intent from REC Power Development and Consultancy Ltd to acquire the Jejuri Hinjewadi Power Transmission SPV for Rs 155.78 crore. The 115-km, 400 kV transmission project will be developed on a Build-Own-Operate-Transfer basis, with a 35-year service period beginning 24 months after the SPV transfer. The update comes as the stock has been under pressure in recent weeks, even as the company reported a ma