NoneIndian benchmark indices snapped their five-session winning streak on Friday in a highly volatile trading session, after the Reserve Bank of India (RBI) cut the cash reserve ratio by 50 basis points to ease liquidity conditions, kept interest rates unchanged, and lowered the GDP growth projection. The benchmark S&P BSE Sensex declined by 56.74 points, or 0.07%, to settle at 81,709.12, while the broader Nifty 50 index closed at 24,677.80, lower by 30.60 points, or 0.12%. Here's how analysts read the market pulse: Commenting on the day’s action, Vinod Nair, Head of Research at Geojit Financial Services , said that though the benchmark indices concluded with a flattish trend, Indian broader indices displayed optimism as the RBI acknowledged the downward growth trend while last-mile inflation persisted. "By lowering the CRR and injecting Rs 1.16 lakh crore into the financial system, the RBI aims to stimulate economic growth amid increased liquidity. The overall market exhibited a mixed outlook, reflecting a cautious yet resilient stance, with sector rotation and specific stock movements shaping market sentiment," added Nair. US markets US stocks reached record highs on Friday, as strong U.S. jobs data suggested the economy is resilient without immediate inflation concerns. The S&P 500 and Nasdaq both closed at all-time highs, with the S&P 500 gaining 0.2% and marking its third consecutive winning week, in what looks to be one of its best years in recent history. Meanwhile, the Dow Jones Industrial Average dipped by 123.19 points. 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The pan-European STOXX 600 was up 0.1%, marking its seventh consecutive day of gains and the strongest weekly performance in ten days. Tech View The Nifty continues to sustain above the breakout from an inverse head-and-shoulders pattern, indicating underlying market strength," said Rupak De, Senior Technical Analyst at LKP Securities. “In such conditions, adopting a buy-on-dips strategy seems prudent, especially with the potential for an upward move toward 25,500 in the short term. However, minor pullbacks following a sharp rally are possible, further emphasizing the effectiveness of buying on dips to capitalize on this trend,” De added. Most active stocks in terms of turnover Tata Motors (Rs 125.04 crore), ITI Ltd (Rs 114.08 crore), Zomato (Rs 91.84 crore), HBL Power (Rs 87.05 crore), Paytm (Rs 75.21 crore), Tata Power (Rs 60.60 crore), and RVNL (Rs 58.75 crore) were among the most active stocks on the BSE in terms of value. Higher activity in a counter in value terms can help identify the stocks with the highest trading turnover for the day. Most active stocks in volume terms Vodafone Idea (Traded shares: 42.71 crore), YES Bank (Traded shares: 12.72 crore), ITI Ltd (Traded shares: 7.61 crore), NHPC (Traded shares: 7.11 crore), JP Power (Traded shares: 7.06 crore), IRFC (Traded shares: 6.23 crore), and Canara Bank (Traded shares: 5.99 crore) were among the most actively traded stocks in terms of volume on the NSE. Stocks showing buying interest Shares of ITI Ltd, MCX India, HBL Power, Policy Bazaar, Vedanta, Delhivery, and Blue Star were among the stocks that witnessed strong buying interest from market participants. 52-week high stocks Over 233 stocks hit their 52-week highs on Friday, while 13 stocks slipped to their 52-week lows. Among those that hit their 52-week highs were MCX India, Policy Bazaar, Deepak Fertilisers, Paytm, Oracle, Persistent Systems, and Indian Hotels. Stocks seeing selling pressure Stocks that witnessed significant selling pressure included HEG, Jai Balaji Industries, Can Fin Homes, Signatureglobal India, Poly Medicure, CAMS, and Aegis Logistics. Sentiment meter favours bulls Market sentiment was bullish. Out of the 4,088 stocks that traded on the BSE on Friday, 1,590 stocks witnessed declines, 2,399 saw advances, while 99 stocks remained unchanged. (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel )PACS COURT UPDATE: The PACS Group, Inc. Class Action Deadline is January 13 – Investors with Losses are Urged to Contact BFA Law (NYSE:PACS)
NoneClass D-1 Sandy Creek 44, Stanton 42 LINCOLN — Sandy Creek used a 24-point third quarter to take the lead from defending champion Stanton and won its first state football title with a 44-42 victory in the Eight Man-1 final at Memorial Stadium. Ethan Shaw threw for three touchdowns and ran for two while putting up 278 offensive yards. His 7-yard run late in the third quarter and subsequent 2-point conversion provided a 44-36 lead. Stanton closed to 44-42 on Barrett Wilke’s fifth touchdown of the game early in the fourth quarter. But Wilke, who rushed for 248 yards, was tackled as he tried for the tying two-point conversion. The Mustangs were driving for the game-winning score, but were stopped on a fourth down play and Sandy Creek was able to run out the clock. Class A Millard South 27, Omaha Westside 10 LINCOLN — Millard South’s defense was there when needed Monday night, and the Patriots have their first state championship in 15 years. Aside from a second-quarter breakaway touchdown by Tay Tay Jenkins, two-time defending champion Omaha Westside — without its ailing coach — did next to nothing on offense and its 32-game winning streak ended with a whimper. Millard South 27, Westside 10. Aamir Hill caught two of Jett Thomalla’s three touchdowns, including two in the second half. Hill had 164 yards of offense, which included an 81-yard touchdown run in the fourth quarter. Westside’s scoring all came in the second quarter as it led 10-6 at halftime. stu.pospisil@owh.com , twitter.com/stuOWH Get local news delivered to your inbox! {{description}} Email notifications are only sent once a day, and only if there are new matching items.
The Acting Chief of Army Staff, Lt-Gen. Olufemi Oluyede, on Monday, expressed concerns over the Nigerian Army’s recruitment of approximately 15,000 personnel annually without adequate support for providing accommodation for them. Oluyede also highlighted the dwindling resources allocated to the Nigerian Army despite the increasing number of recruitments. He raised these concerns during a condolence visit by the Senate Committee on Army, led by Senator Abdulaziz Yar’Adua. The Army Chief feared that soldiers might not have a place to live if insecurity ended in the country. He said, “I need to reiterate that Nigeria belongs to all of us, and without your support, it would be very difficult for us to secure Nigeria. So I want to appeal to you, the very eminent personality of Nigeria, to just please support us and make our job very easy so that we can help secure Nigeria as much as possible. “Well, over time, we’ve had situations where the resources that are attributed to the Nigerian Army keep dwindling. So, I think this is a very good forum for me to appeal that, maybe in considering next year’s budget, a few very important issues should be noted as it affects the Nigerian Army. “First, the Nigerian Army. For instance, in the last couple of years, we’ve been recruiting about 15,000 personnel. But I can tell you that not a single support has been given in terms of their accommodation. So, I can just imagine if, at some point, if we’re able to checkmate all the security challenges, where will those people retire to? It’s something that gives me sleepless nights. Related News Pass traditional medicine council establishment bill, practitioners beg N’Assembly N’Delta activist opposes coast guard bill N’Assembly under fire as Nigeria’s debt hits N138tn “So, I want to appeal to the National Assembly to please consider these very critical issues, as well as other combat enablers that can help us do our job better, especially in areas of technology, so that we can help secure Nigeria.” Earlier, the committee chairman urged the Acting COAS to continue with the legacy of the late Army Chief, Lt-Gen Taoreed Lagbaja. He said the Senate had a robust relationship with Lagbaja whom he described as a “very practical officer” and very knowledgeable of military operations. He said Lagbaja was “very honest” and, “says it as it is.” Yar’Adua stated that late Lt-Gen Lagbaja led the Army and improved the security of the country significantly, as he assured the Acting COAS of the same courtesy and support for him to continue the legacy. He further urged the Army to deploy technology in the fight against terrorists.
MSWRR Union Minister receives Indian AmbassadorBy Jody Godoy NEW YORK (Reuters) – Facebook owner Meta Platforms will face trial in April over the U.S. Federal Trade Commission’s allegations that the social media platform bought Instagram and WhatsApp to crush emerging competition, a judge in Washington said on Monday. The FTC sued in 2020, during the Trump administration, alleging the company acted illegally to maintain a monopoly on personal social networks. Meta, then known as Facebook, overpaid for Instagram in 2012 and WhatsApp in 2014 to eliminate nascent threats instead of competing on its own in the mobile ecosystem, the FTC claims. Judge James Boasberg set trial in the case for April 14. Boasberg earlier this month rejected Meta’s argument that the case should be dismissed as it depends on an overly narrow view of social media markets. The lawsuit does not account for competition from ByteDance’s TikTok, Alphabet’s YouTube, X, and Microsoft’s LinkedIn, Meta had argued. Boasberg said that while the case should go forward to trial, “time and technological change pose serious challenges” to the FTC’s market definition. “The Commission faces hard questions about whether its claims can hold up in the crucible of trial. Indeed, its positions at times strain this country’s creaking antitrust precedents to their limits,” the judge said in the Nov. 13 ruling. (Reporting by Jody Godoy in New York; Editing by Bill Berkrot) Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content. var ytflag = 0;var myListener = function() {document.removeEventListener('mousemove', myListener, false);lazyloadmyframes();};document.addEventListener('mousemove', myListener, false);window.addEventListener('scroll', function() {if (ytflag == 0) {lazyloadmyframes();ytflag = 1;}});function lazyloadmyframes() {var ytv = document.getElementsByClassName("klazyiframe");for (var i = 0; i < ytv.length; i++) {ytv[i].src = ytv[i].getAttribute('data-src');}} Save my name, email, and website in this browser for the next time I comment. Δ document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() );