Page 3 - Stock Markets

US futures dip, Asian shares trade mixed; gold, silver hit record highs

US futures edged lower and Asian shares were mixed Friday, with Tokyo's Nikkei 225 trading near record high levels. The prices of gold and silver surged to records, extending their sharp gains for the year as investors including central banks have stocked up on the precious metals, which are viewed as safe havens in times of uncertainty. The price of gold gained 0.8% to 4,538.80 a troy ounce, while silver jumped 4.5% to $74.90 per ounce. Earlier surges in gold prices reflected worries during the US government shutdown. Expectations that the US Federal Reserve will cut interest rates further in the new year, weakening the dollar against other currencies, have also fuelled buying of gold. Gold is doing what gold does when the world loses its anchor: it becomes the anchor, Stephen Innes of SPI Asset Management said in a recent report. For centuries, gold has been the one asset that doesn't blink. When politics goes sideways, when currencies fray, when inflation eats the furniture, gol

Better valuations set stage for a stronger 2026: Canara Robeco AMC CIO

Improving earnings visibility and fairer valuations could set the stage for a stronger 2026 for Indian equities, with financials and consumer discretionary stocks leading gains

Securities Markets Code is a welcome step for simpler market regulation

While the Code retains most of the existing provisions, there are additions and changes that warrant mention here - the composition of Sebi and its powers, for instance

Muted Q3 likely, but volume gains and mix support Jindal Steel outlook

Indian steelmakers may see weaker Q3FY26 margins, but Jindal Steel's capacity expansion, rising volumes and higher share of value-added products could aid recovery

Godavari Biorefineries shares jump over 11% intraday on US expansion plan

Godavari Biorefineries share price rose to the highest level in over two months on BSE. It closed 8 per cent higher at ₹290.5 per share

Stocks with price-volume breakout: Ajanta Pharma, JBMA, Manappuram Finance

Ajanta Pharma, JBMA Auto and Manappuram Finance have seen strong price action backed by heavy trading volume in Wednesday's trading session.

Thirumalai Chemicals rises to 1-month high post preferential allotment

Thirumalai Chemicals share price advanced on Wednesday as the company raised ₹56.14 crore via allotment of preferential shares to the promoter group

Growth potential and earnings factored into GE Vernova's valuations

A large HVDC order win, rising transmission capex and renewable energy push strengthen GE Vernova T&D's earnings outlook, but high valuations already price in much of the upside

Man Industries sees no impact of I-T searches; share price rises over 3%

The Income Tax Department concluded search operations on December 22. Man Industries share price rose as much as 3.62 per cent so far on Tuesday.

Stock brokers barred from distributing third-party lending products: NSE

The National Stock Exchange said stock brokers cannot distribute home, personal or vehicle loans, even if they are registered as research analysts, citing Sebi rules

KEC International jumps over 7% as Delhi HC stays Power Grid's bidding ban

The Delhi High Court also allowed KEC International to keep on participating bidding process for future tenders from Power Grid Corp

'Valuations already elevated, so large multiple expansion hard to justify'

Simultaneous fiscal and monetary tightening hurt growth and earnings, but momentum is returning, says Axis Bank's Neelkanth Mishra, signalling a possible market turnaround

Sensex, Nifty gain on hopes of further Federal Reserve rate cuts

The US consumer price index rose 2.7 per cent year-on-year in November, below expectations of a 3.1 per cent jump

Higher prices, demerger to boost margins, unlock value for Vedanta

Vedanta's stock rally is driven by a strong metal cycle, silver-led upside at Hindustan Zinc, aggressive capacity expansion and progress on its multi-entity demerger

SAT to hear Avadhut Sathe appeal against Sebi's interim order on Jan 9

SAT will hear on January 9, 2026, Avadhut Sathe Trading Academy's appeal against Sebi's interim order impounding Rs 546 crore and barring it from the market

ICICI Prudential AMC becomes most valued stock in capital market sector

Stock closes 19% higher post debut; market cap overtakes HDFC AMC

ICICI Prudential AMC gets 'Long' rating from Equirus; 34% upside potential

ICICI Prudential AMC will list on exchanges on Friday, Dec 19. The initial public offering was subscribed 39.17 times on the final day. Qualified institutional investors led the subscription in the IP

Q3 sales recovery, easing costs to drive gains for Godrej Consumer Products

Emkay Research points out that GST cuts have boosted consumer sentiment, and growth benefits are likely to be visible going ahead

AMCs rally as Sebi softens expense cuts; HDFC AMC, Nippon Life jump over 5%

The lower-than-planned cuts and the removal of the overhang of impending changes to the fee structure that had persisted over the past two years led to a rally in stocks of AMCs and allied sectors

Avadhut Sathe Trading Academy approaches SAT against Sebi order

In an order issued on December 4, the market regulator alleged that ASTA was running unregistered investment advisory and research analyst services in the name of stock market education