Mumbai: Adani Group stocks surged on Tuesday, adding ₹1.93 lakh crore to market capitalisation and marking their best single-day market performance, following a report by Bloomberg that quoted an unnamed official of the US International Development Finance Corp (DFC) as saying that the allegations by Hindenburg Research were not relevant. The US agency had recently announced funding.

IPO-bound Ola Electric has reported consolidated revenue of Rs 2,782 crore up nearly 510 percent in the financial year ended March 2023 (FY23) even as its net loss widened to Rs 1,472 crore on the back of an increase in its expenses, showed the company’s auditor signed financial statements shared with bankers and investors. Moneycontrol has seen the copy of the financial statements.

Mumbai: Delivery-based volumes in various large-cap stocks have spiked of late in the wake of the resurgence in foreign fund inflows and the Bharatiya Janata Party's strong performance in the recent state elections. A surge in such volumes is an indication of higher interest among serious buyers.In the past three trading sessions, an average of ₹18,000 crore worth of 50 stocks.

Bitcoin rose 5% to $44,083 at 2149 GMT on Tuesday, adding $2,098 to its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is up 66.1% from the year's low of $26,533 on October 11. Ether, the coin linked to the ethereum blockchain network, rose 1.4% to $2,275.7 on Tuesday, adding $31.9 to its previous close.

The Tel Aviv Stock Exchange said on Tuesday that a report by U.S. researchers suggesting there were investors in Israel who may have profited from prior knowledge of Hamas' Oct. 7 attack was inaccurate and its publication irresponsible. Research by law professors Robert Jackson Jr. from New York University and Joshua Mitts of Columbia University found significant short-selling of shares.

MUMBAI: The Sensex and Nifty are at record highs. Are you kicking yourself for not investing when these indices were at their lows earlier in the year? And will FOMO force you to invest at these record levels?Retail investors may get swayed by looking at numbers in isolation without considering past events and likely future situations. Worse, some even make the mistake.

Financial advisors play a vital role in helping individuals make sound investment decisions and plan for their financial future. They provide valuable guidance. But have you ever wondered how they make money? It's essential to understand this to ensure transparency and make informed choices when seeking financial advice. Read on to understand the compensation models of financial advisors.

Oil prices fell to a near five-month low on Tuesday on a stronger U.S. dollar and demand concerns, putting the market down for a fourth day in a row on doubts over OPEC+ announced voluntary supply cuts last week. "The OPEC+ deal did little to support prices and given the (four) days of declines that followed it, traders are clearly very unimpressed," said Craig Erlam, senior market analyst UK!

Equity markets continued their winning streak for the sixth consecutive day on Tuesday. Analysts said the global and domestic markets made a smart comeback as investors remained convinced that the rate-hike cycle has ended. Going forward, investors will take cues from US Service PMI and Jolt Jobs data, said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.

Eicher Motors has long been synonymous with the premium motorcycle segment in India, maintaining a market share of about 90 percent. It has held an undisputed leadership position in the over 250cc sector for more than a decade. However, this dominance is currently facing a potential challenge as two established players seek to make inroads into the market.

Sun Pharmaceutical Industries, Inc., on December 6, announced that it has entered into a licensing agreement with Aclaris Therapeutics, Inc., a clinical-stage biopharmaceutical company specialising in the development of innovative drugs for immuno-inflammatory diseases. Under the terms of the agreement, Aclaris has exclusively granted Sun Pharma the rights to specific patents.

Considering the bullish bias with continuation in higher highs, higher lows formation for six days in a row and support-based buying for yet another session, experts expect the Nifty50 to touch 21,000 mark for the first time in the coming days, with support at the 20,700 levels, but on the other side, also advised to keep an eye on momentum indicator RSI (relative strength index).

On December 5, 19 Nifty stocks achieved either record highs or scaled their 52-week peaks. The Sensex saw a rise of 431 points, reaching 69,296, and the Nifty gained 168 points, closing at 20,855. The Nifty Bank registered an increase of 581 points, reaching 47,012, and the Nifty Midcap index experienced a gain of 204 points, closing at 44,123. The Nifty is maintaining a robust bullish momentum.

📊 Amid positive global cues, benchmark indices started on a positive note today. 📢 At 9:16 AM, the Sensex gained 294.55 points or 0.43% at 69,590.69. Nifty is higher by 98.10 points or 0.47% at 20,953.20. 📈 Adani Enterprise (⬆️3.49%), and Nifty Energy (⬆️1.81%) appeared as the top performers on the Nifty50 at the open.

A SpiceJet plane flying from Ahmedabad to Dubai was diverted to Karachi's Jinnah International Airport due to a medical emergency on board, officials said here. They said the SpiceJet flight SG-15 made an emergency landing here around 9.30 pm on Tuesday and a passenger was given medical assistance.