Avanti Feeds Limited has started commercial production at a new Feed Manufacturing plant situated at Bandapuram, Andhra Pradesh, effective from December 3, 2022, with an estimated cost of Rs125 crore. The company has started production with an additional capacity of 1,75,000 MTs. At around 9:16 AM, Avanti Feeds Ltd was trading 2.02% up from its previous closing on the BSE.

Dogelon Mars meme coin (also known as ELON) zoomed over 28% to $0.00000039 in the past 24 hours, even as Dogecoin and Shiba Inu were trading on a muted note. The intraday volume of the cryptocurrency surged by 64% since the last day, reaching a $6 million milestone. The price rally for ELON was noticed after the on-chain fantasy sports platform Rage Fan on Saturday partnered with it.

Rama Steel Tubes Ltd (RSTL) has announced the winning of work orders for the supply of Steel tubular poles from Purvanchal Vidut Vitran Nigam Limited and Paschimanchal Vidut Vitran Nigam Limited aggregating to the tune of - Rs6.7 crore. At around 9:19 AM, Rama Steel Tubes was trading 1.09% higher than the previous closing on the BSE.

Foxconn is expecting to attain full production at the COVID-hit China plant around late December to early January. The Apple supplier's China's Zhengzhou factory was in the news recently due to unrest. Sources claimed that Foxconn and the local government are working hard on the plant's recruitment drive, although many uncertainties remain to be addressed.

Musk stated that FTX founder Sam Bankman-Fried’s donations in support of Democrats’ election endeavours could be over $1 billion. The Tesla CEO said this while responding to a tweet from Will Manidis, the CEO of ScienceIO, a healthcare AI platform. Manidis posted Bankman-Fried donating $40 million “to not go to jail for stealing $10b+ is one of the highest ROI trades of all time.”

📢 Amid mixed global cues, benchmark indices STARTED on a flat note on December 5. 📊 At 09:16 IST, the Sensex was down 65.03 points or 0.10% at 62803.47, and the Nifty was down 10.70 points or 0.06% at 18685.40. 👉 HUL (🔻 0.85 %), HDFC (🔻 0.83%) and SBI Life (🔻 0.69%) appeared as the top losers on the Nifty50 at the open.

Uniparts India's IPO was subscribed 25.32 times on the last day of subscription on Friday, December 2, 2022, and it received bids for 25,66,29,175 shares against 1,01,37,360 shares on offer. Market observers suggest that the IPO shares of the engineering systems and solutions provider, Uniparts India shares are quoting a premium (GMP) of ₹60 in the grey market today.

📌Dow jones gained 34.87 points or 0.1% at the close on Friday, while S&P 500 lost 4.87 points or 0.12%. 📌Asian shares edged higher, with MSCI's broadest index of Asia-Pacific shares outside Japan gaining 0.2%. 📌SGX Nifty signals a cautious start for the broader index in India with a gain of 18 points. 📌India's forex reserves rose by $2.89 billion to $550.14 billion for the third week in a row.

Major cryptocurrencies are trading on a mixed note during early deals today as the global crypto market capitalization surged 1.58% to $865.67 billion as compared to the previous day. The total crypto market volume increased by 5.91% to $32.24 billion in the same time horizon. WazirX data at 8 AM suggests, Bitcoin zoomed 2.11% to Rs 14,64,299 in morning deals; Ethereum gained 1.85% to Rs 1,10,000.

Dharmaj Crop Guard IPO secured bids 35.49 times on the last day of subscription on Wednesday, November 30, 2022. The maiden issue was subscribed for 28,43,51,820 shares against 80,12,990 shares on offer. The finalisation of the basis of share allotment of IPO will likely go ahead on Monday (December 5), and if allotted, then the credit of shares to the demat account will be done on Dec 07.

A news report claimed that Saudi Arabia’s Crown Prince Mohammed bin Salman is planning to invest in Credit Suisse Group AG’s investment bank. The report further pointed out that Prince Mohammed will likely invest around $500 million in the lender’s CS First Boston spinout. The Prince is motivating Saudi Arabia’s largest firms to expand globally & raise the country’s profile as a serious investor.

Vaishali Parekh feels that the Nifty took a temporary halt near the 18900 zone and experienced some profit booking with a few heavyweight stocks like M&M, HUL, HDFC Ltd, Infy, TCS and L&T shedding some of their gains. She recommended 2 stocks to buy for today: 👉Apollo Hospitals: Stop loss at ₹4,780, target ₹5,000; and 👉Tech Mahindra: Stop loss at ₹1,095, target ₹1,150.

China's services activity shrank to six-month lows in November as widening COVID containment measures weighed on demand and operations, the latest data pointed out. The survey signalled a further hit to economic growth in the Asian nation. The Caixin/S&P Global services purchasing managers' index (PMI) shrank to 46.7 from 48.4, thus registering a third monthly contraction in a row.

✅PB Fintech: Societe Generale, Morgan Stanley bought Rs 243 crore worth of shares in this company. ✅Bank of India: The lender raised Rs 1,500 crore via additional Tier-I bonds. ✅Inox Green Energy Services: The wind energy turbine manufacturer's Q2 loss widens to Rs 11.87 crore. ✅M&M Financial Services: It logged a 75% growth in disbursement in November.

Nifty futures were trading higher by 44.5 points or 0.24 per cent at 18,869 on the Singapore Exchange. The early barometer of India's benchmark Nifty 50 index signals that Dalal Street was headed for a positive start today. Asian shares also gained during early deals as investors hoped steps to unwind pandemic restrictions in China would eventually boost global growth's outlook.