Mumbai: The Reserve Bank of India (RBI) injected funds into the banking system as the weighted average call rate, a barometer for short-term borrowing costs, rose 23 basis points above the policy repo rate at 6.73% on Friday. Surplus liquidity in the banking system shrank to ₹84,154.75 crore due to monthly GST outflows.

The Federal Reserve's rate cuts are poised to shape the U.S. and global economies, potentially overshadowing the impact of Donald Trump's economic policies. Despite short-term market fluctuations, the Fed's focus on stability and addressing fiscal challenges is expected to have a more lasting influence on markets, including the USD/INR, EUR/USD, and GBP/USD.

CESC Ltd's subsidiary Eminent Electricity Distribution Ltd has acquired a Chandigarh-based electricity distribution company for ₹871 crore, expected to be completed within 30 days. Meanwhile, CESC reported a 1.4% net profit growth in Q2 FY2024, with revenue increasing 8% YoY to ₹4,700 crore and EBITDA rising 38.7% to ₹896 crore.

RITES Secures Revised ₹531.77 Crore Order for Lumding-Badarpur Electrification Project. The government-owned engineering consultancy firm, RITES Ltd has now received cost estimates updated to ₹ 531.77 crore (excluding GST) for its railway electrification project in the Lumding-Badarpur (LMG-BPB) section under Northeast Frontier Railway (NFR).

BSE Ltd on November 22 said it will add Zomato to its benchmark index Sensex from December 23 and drop JSW Steel. BSE also announced reconstitution of its other indices like BSE SENSEX 50, BSE SENSEX NEXT 50, and BSE 100. BSE also announced the introduction of futures and options (F&O) contracts for 43 stocks, set to be available for trading from December 13, 2024.

DIIs net bought shares worth Rs 1,722 crore on November 22, while on the other hand, FIIs net sold shares worth Rs 1,278 crore, provisional data from NSE showed. During the trading session, DIIs bought Rs 12,251-crore equities and sold shares worth Rs 10,529 crore, and FIIs purchased Rs 16,985 crore in shares while offloading equities worth Rs 18,263 crore.

Maple Leaf Trading and Services acquired a 2.64% stake in Shree Pushkar Chemicals & Fertilisers Ltd at Rs 267 per share, while Copthall Mauritius Investment Ltd sold a 2.50% stake in Ashapura Minechem Ltd at Rs 249.1 each, and Discovery Global Opportunity Mauritius Limited bought 0.62% of Protean eGov Technologies Ltd at Rs 1,728.2 per share.

Sony's India unit said on Friday it had secured the media rights for all Asian Cricket Council (ACC) tournaments until 2031, which a source with direct knowledge of the matter put the value at $170 million. Disney and Reliance, seen as frontrunners, did not bid for the rights, another source said on condition of anonymity. The deal comes at a crucial time for the country's media industry.

The musical Wicked offers financial lessons woven into its themes. Drawing parallels between the themes in the film "The Wizard of Oz" and personal finance, we are encouraged to question authority, defy gravity, and take control of our financial decisions, avoiding pitfalls and hidden fees, and arming ourselves with information to make informed investment choices.

The Q2 FY25 earnings season for Nifty 50 constituents showed a mixed sector-wise performance, with Pharma and Realty demonstrating robust growth, while Energy and Infrastructure faced profitability challenges, reflecting the impact of macroeconomic conditions, consumer trends, and industry-specific challenges.

A 26-year analysis of the BSE-Sensex index shows 19 years of positive returns and 7 years of negative returns, with average yearly returns of 16.4% and compounded returns of 12.5%. Valuations tend to fluctuate with earnings and external developments, and currently, Sensex stocks are not particularly cheap from a historical perspective.

The US SEC has issued a summons to Adani Group's founder and chairman, Gautam Adani, and his nephew and Adani Green Energy's executive director, Sagar Adani, thereby kickstarting legal proceedings in the alleged ₹2,000 crore ($250 million) bribery case. On Wednesday, federal prosecutors in New York indicted a total of eight individuals for bribery to obtain lucrative solar-energy contracts.

Netflix shares surged 9% this week, driven by the success of its live-streamed boxing match between Mike Tyson and Jake Paul, with 108 million viewers worldwide. Brokerages raised their price targets, including BofA Global Research and Jefferies, to $1,000, citing the event as a major breakthrough for Netflix's live events strategy.

Amid soaring crude oil prices due to the escalation in the Russia-Ukraine war, the Indian stock market witnessed a strong pullback rally on Friday. Shares of Reliance Industries Ltd. showcased a strong rebound and ended 3.35 per cent higher, benefiting from soaring crude oil prices due to the Russia-Ukraine war escalation, with experts expecting the uptrend to continue, targeting ₹1350 levels.

Investors rushed to cover short positions in NSE Nifty and Bank Nifty on November 22, ahead of the Maharashtra and Jharkhand election results, driving the highest unwinding of the November derivatives series. Nifty saw an unwinding of 12.23 lakh shares, while Bank Nifty recorded an unwinding of 1.35 lakh shares, with the rise in the indices confirming short covering.