Making their best weekly performance since March 2024, gold prices finished around 5% higher at ₹77,685 per 10 gm on Friday, just ₹1850 away from the record high of ₹79,535. The rally in MCX gold rates was mainly fueled by an escalation in Russia-Ukraine war. Uncertainty around the US economy after Donald Trump's victory in US Presidential Elections is also driving the safe-haven flows into gold.

Sensex has fallen by over 6,800 points, or about 8%, from its recent peak in September 2024. 📌HSBC: maintains Sensex target of 90,520 by 2025, sees risk in high valuations 📌Goldman Sachs: Near-term neutral, sets Nifty target of 27,000 by 2025 📌Citi: Upgrades cement sector to overweight, sees 7% upside for Nifty by September 2025 📌CLSA: Predicts 5-7% 'Santa Claus’ rally in December.

One Global Service Provider Q2 Results 2024: One Global Service Provider declared their Q2 results on 23 Nov, 2024, showcasing a remarkable financial performance. The company’s topline surged by 66.66% year-over-year, with profit skyrocketing by an impressive 227.98%. The profit for the quarter stood at ₹2.27 crore, while revenue reached ₹19.41 crore.

Several Adani Group stocks rebounded on Friday as traders found value in these shares battered the previous day by concerns over accusations of bribery and fraud against founder Gautam Adani, companies and executives by US prosecutors. 📌Sanghi Industries, 📌Ambuja Cements and 📌ACC rose 3-4% on Friday and were among the top gainers. 📌Adani Enterprises, the group's flagship company, gained 2.2%.

Wall Street closed higher on Friday, with all 3 major indexes posting weekly gains, as investors took comfort from data pointing to robust economic activity in the world's biggest economy. A measure of business activity raced to a 31-month high in November, boosted by hopes for lower interest rates and more business-friendly policies from President-elect Donald Trump's administration next year.

Sumeet Bagadia, Executive Director at Choice Broking, believes the Indian stock market bias has improved after the pullback rally on Friday as the Nifty 50 index closed above the 23,700 mark. 📌ITC: Buy at ₹474.65, target ₹520, stop loss ₹452 📌SBI: Buy at ₹816.05, target ₹892, stop loss ₹778 📌Godrej Properties: Buy at ₹2857.15, target ₹3150, stop loss ₹2430.

Procter & Gamble has been revamping its marketing and line-up of influencers on fast-growing Chinese shopping app Douyin in recent months, helping its Pantene shampoo lead growth in hair care on the platform, executives said Thursday at an investor day. P&G is looking for ways to stoke sales in China’s sputtering economy, where its revenue was down 15% in the quarter ended September 30.

NTPC Green Energy IPO: After three days of bidding on Friday last week, NTPC Green Energy IPO applicants eagerly await the share allocation announcement. In the wake of the ’T+3’ listing rule, most likely, the NTPC Green Energy IPO listing date is 27th November 2024, i.e. Wednesday next week. So, most likely, NTPC Green Energy’s IPO allotment date is 23rd November 2024, i.e. today.

Oil rose as geopolitical tensions from Russia to Iran ratcheted higher while strength in equity markets increased the appeal of risk assets. WTI climbed more than 1% to settle above $71 a barrel, an increase of more than 6% for the week, while Brent settled above $75 for the first time since Nov. 7. The Russia-Ukraine conflict has rapidly intensified following months of bloody attrition.

ESG fund managers are facing criticism for holding Adani Green Energy shares, which lost 25% of its value after US prosecutors charged Gautam Adani with suspected bribery, despite the company's poor governance being in plain view. ESG funds, which claim to prioritize environmental, social, and governance metrics, failed to screen for risks, and hundreds of funds still hold Adani Green shares.

The board of directors of Akzo Nobel India have approved a proposal of monetization by way of sale of company’s immovable properties which are having a very limited use/non-productive use for business operations of company. Anil Chaudhry has been appointed on the board as an additional director in the category of an independent director with effect from November 22, 2024 for a period of 3 years.

India's equity indices soared 2.5% on Friday-the biggest single-day gain in five months-as traders rushed to cover bearish bets in an oversold market ahead of the Maharashtra state election results on Saturday. The bounce-back follows Thursday's 0.7% slump in the wake of the US indictment against Gautam Adani and others over corruption charges.

Overseas investors sold Indian equities worth ₹30,774 crore across 13 sectors between November 1 and 15 per data from NSDL. They sold the most in the oil & gas sector, to the tune of ₹7,214 crore, in the first half of the month after selling shares of these companies worth over ₹21,000 crore in October. From January to October, FIIs pulled ₹32,000 crore out of the shares in the oil and gas sector.

SEBI has launched an inquiry into US allegations against Adani Group, concerning false statements made to Indian stock exchanges, specifically with regard to information about US investigations not being disclosed, said people with knowledge of the matter. The regulator has sought information from stock exchanges regarding Adani Green Energy's communications on US investigations, they said.

Gold prices experienced a marginal increase on Saturday. The price of 24 carat gold is Rs.7900.3 per gram, reflecting an increase of Rs.870.0. The price of 22 carat gold is Rs.7243.3 per gram, which has increased by Rs.800.0.The price variation in 24 carat gold over the past week is -2.54%, while it has increased by 2.35% over the past month. The price of silver stands at Rs.95000.0 per kilogram.