Three senior executives at Religare Enterprises (REL) have resigned in the past two months. On Friday, REL informed the stock exchanges that including the newly-appointed company secretary and compliance officer, Rajat Kalra, and chief financial officer Nitin Aggarwal, amidst an investigation by the Enforcement Directorate into allegations of fund siphoning.

Technical analysts expect the Nifty to extend Friday’s upward momentum, potentially reaching the 24,500 zone. However, a break below 23,500 could trigger selling pressure, dragging the index toward 23,300–23,000 levels. Stocks such as 📌L&T Tech, 📌Bharti Airtel, 📌HCL Tech, 📌Infosys, 📌Tech Mahindra, 📌Ipca Labs, 📌Divis Labs, 📌DLF, and 📌National Aluminium show bullish chart pattern.

📌Bonds rallied, US stock futures rose, and the dollar eased after Scott Bessent's appointment as US Treasury secretary, with investors viewing him as a "safe hands" candidate who would support markets. 📌The 10-year Treasury futures rose 13 ticks, S&P 500 futures gained 0.4%, and the dollar weakened against major currencies. 📌Australia's share market touched a record high.

📌HDFC Bank is in the final stages of assigning a Rs 12,372 cr car loan portfolio. 📌Zomato will replace JSW Steel in BSE Sensex as part of index reconstitution. 📌RVNL has received a LoA from Eastern Railway for an infrastructure project involving bridge construction & railway track laying. 📌VST Industries completed sale of an immovable property in Hyderabad to ViNS Bioproducts and others.

📌GIFT Nifty on the NSE IX traded higher by 468.50 pts signaling that D-Street was headed for gap-up start on Mon. 📌Wall Street closed higher on Fri, with all three major indexes posting weekly gains. 📌S&P 500 futures rose 0.4% as of 9:05 a.m. Tokyo time 📌Hang Seng futures were little changed 📌Japan’s Topix rose 0.9% 📌Australia’s S&P/ASX 200 rose 0.6% 📌Euro Stoxx 50 futures rose 0.6%

he dollar surrendered a little of its recent gains on Monday as investors assumed the pick for U.S. Treasury secretary would reassure the bond market and pulled yields lower, shaving some of the dollar's rate advantage. Yields on 10-year Treasuries slipped to 4.351%, from 4.412% late Friday, as President-elect Donald Trump's choice of fund manager Scott Bessent was welcomed by the bond market.

Indian equities are expected to surge following the BJP's convincing victory in the Maharashtra elections, boosting investor sentiment amidst slowing corporate earnings growth and global uncertainties. The outcome is seen as a positive trigger, with some expecting the Nifty to regain 24,500 and touch 25,150 by December-end.

The Brightcom Group, shares of which are currently suspended for trading due to non-compliance, said in its "weekly update" that the trading suspension revocation process may advance, once it declares its April-June quarter results for the current financial year on Saturday, November 30, 2024. It had earlier mentioned that it is confident of its trading suspension being revoked by the BSE.

Stock Market LIVE Update: Indian equities rallied ahead of the Maharashtra state assembly poll results, with the Sensex and Nifty surging on expectations of a positive outcome, which was later confirmed by the landslide victory of the incumbent Mahayuti alliance led by the BJP, seen as a positive for the markets.

Buy or sell stocks: Vaishali Parekh has recommended three stocks for today — 📌BGR Energy Systems Ltd. (BGRENERGY): Buy at ₹36.7; Target at ₹39; Stop Loss at ₹35. 📌Exide Industries Ltd. (EXIDEIND): Buy at ₹424; Target at ₹440; Stop Loss at ₹415. 📌Tata Motors Ltd. (TATAMOTORS): Buy at ₹792; Target at ₹820; Stop Loss at ₹780.

📌Rajesh Power Services Ltd offering a fresh issue of 27.9 lakh shares aggregating to ₹93.47 crore and OFS component of 20 lakh shares aggregating to ₹67 crore. 📌Rajputana Biodiesel Ltd issue of 19 lakh shares through a book-built issue aiming to raise ₹24.70 crore from the stock market. 📌Abha Power and Steel Ltd is offering a fresh issue of 41.39 lakh equity shares.

Globally, the size of the textile trading industry is estimated at $800 billion. India's textile industry aims to reach $100 billion in exports by 2030, with a 19% CAGR over six years, driven by catalysts like PLI and FTA with the EU/UK, and the 'China plus one' theme, which could generate 3 million direct jobs and investments of Rs 200,000 crore.

The Odisha state cabinet has amended the Industrial Policy Resolution 2015, allowing industries to claim government incentives within two years of project commissioning, up from one year, with the option to apply for delay condonation; a one-time relaxation is also offered for investors who missed the deadline but apply before June 2023.

Consecutive Investments & Trading Co Ltd informed that the board approved the stock split/sub-division of each Rs 10 equity share into 10 shares that have a face value of Re 1 equity shares and a bonus issue of equity shares in a 1:1 ratio was authorized, meaning shareholders will receive 1 equity share for every 1 equity share they hold.

Between March 2022 and July 2023, the Federal Reserve raised its benchmark rate 11 times. As a result, money market account (MMA) interest rates rose sharply. However, the Fed slashed the federal funds rate by 50 basis points in September and another 25 basis points in November. So deposit rates — including money market account rates — have started falling.