The Indian stock market declined on Friday, with the Nifty 50 and Sensex falling by 1.09% and 1.01%, respectively, due to declines in IT and financial sectors and a withdrawal of foreign investments following the Federal Reserve's forecast of reduced rate cuts. Amid this, Prashanth Tapse recommends buying these three stocks in the short term - 📌Akums Drugs, 📌Premier Energies Ltd, and 📌BPCL.

Amid the relentless pace of technological advancement and changing consumer behaviours, food delivery platforms such as Zomato and Swiggy have carved out a substantial niche in the Indian market. The societal benefits of this growth are tangible, as these platforms have become a lifeline for employment in the gig economy. By providing job opportunities they are addressing unemployment issues.

Adani Enterprises shares fell over 1% despite the Bombay High Court upholding the tender awarded to Adani Group for the Dharavi redevelopment project, dismissing a petition by UAE-based Seclink Technologies Corporation. Adani Enterprises shares have fallen 5.5% in the last five trading sessions and 27% in the last six months.

Zerodha has launched the Margin Trading Facility (MTF) on its trading platform, Kite. The announcement was made through a blog post and a tweet by CEO Nithin Kamath on December 19, 2024. MTF allows investors to buy stocks for delivery using leverage, enabling purchases even without full upfront funds. Depending on the stock, users can borrow up to 80% of the trade value.

Computation firm Nexus’ in-development decentralized supercomputer attracted more than 1.5 million nodes from 187 countries during a recent five-day testnet period. Nexus has been working on building a supercomputer designed to aggregate computing power from computers and mobile devices globally to achieve a “Verifiable Internet,” raising $25 million in Series A funding in June.

Mazagon Dock Shipbuilders' shares have rebounded from a 51% correction, breaking above previous swing highs, with a potential upside target of Rs 5,800. The stock has shown positive momentum, holding above the 61.8% retracement level, and maintains a higher high, higher low pattern on the weekly chart.

State-run National Building Construction Company (NBCC) Ltd. on Friday, December 20, informed the exchanges that it has secured multiple work orders worth nearly ₹300 crore. Among these, NBCC has received an order worth ₹200.60 crore from Oil India Ltd. for the construction of a new OIL hospital in Duliajan on a turnkey basis under the depository works mode.

Delhi NCR-based unicorns hired the highest number of employees across all major Indian startup hubs between August 2023 and August 2024, hired the most employees across Indian startup hubs, adding 18,554 staff, surpassing Bengaluru and Mumbai. Delhi-based firms like PolicyBazaar and Zomato led the hiring, with Chennai reporting the second-highest employee additions.

Devyani International's CFO, Manish Dawar, expressed caution on near-term consumer sentiment due to high food inflation, competition, and geopolitical challenges, expecting underlying performance to remain similar to 1HFY25. However, KFC and Pizza Hut are expected to post better SSSG, driven by base benefits, with cost optimization efforts to improve restaurant operating margins.

Hashdex and Franklin Templeton have received the nod from the SEC for their own respective Bitcoin and Ether index exchange-traded funds (ETFs).The United States Securities and Exchange Commission (SEC) has given the green light to Hashdex and Franklin Templeton’s respective Bitcoin and Ether index exchange-traded funds (ETFs).

Cryptopia’s liquidator, Grant Thornton, has announced the start of distributions to more than 10,000 verified account holders affected by Cryptopia’s hack in 2019.Liquidators of the bankrupt cryptocurrency exchange Cryptopia have started distributing millions to users affected by a hack that took place nearly six years ago.

Chinese banks in several cities have taken the unusual step of raising mortgage rates, Chinese media reported, underscoring concerns over their shrinking profit margins amid a faltering economic recovery. Some commercial banks in cities such as Guangzhou, Qingdao and Nanjing have raised first-home mortgage rates by 5 bps to 20 bps since Nov, to as high as 3.1%, official Beijng Daily, reported.

Zodiac Energy Limited (ZEL) has won its first international rooftop solar order in Kitwe, Zambia. The contract involves designing, engineering, and installing a 2 MWp grid-tied rooftop solar system with a battery energy storage system for Strongpak Limited. The project is valued at USD 720,626 and is expected to be completed by February 28, 2025.

Mufin Green Finance Limited (Borrower) entered into a finance agreement with the United States International Development Finance Corporation (Lender/DFC) on December 18, 2024. The primary purpose of this agreement is to secure loan facility of up to USD 18,000,000 to support Borrower's onward lending business. The loan facility, as outlined in the Finance Agreement, is capped at USD 18,000,000.

Senores Pharmaceuticals has kicked off its IPO today (Dec 20). The bidding window is set to close on Dec 24. The IPO of Senores Pharmaceuticals offers shares in a price range of Rs 372 to Rs 391 per share. As of today's recent trend, GMP is Rs 150, indicating that stock is expected to list at premium, with estimated listing price of Rs 541 per share, 38.36% higher than upper end of the price band.