News Overview

With higher inflation expectations and benign jobs scenario, few rate cuts may be warranted in the future

After falling more than 2% overnight to reach its lowest level since November 18, spot gold was barely altered at $2,588.80 per ounce.

Brent futures had dropped 33 cents, or 0.45%, to $73.06 a barrel. At $70.22, U.S. West Texas Intermediate crude dropped 36 cents, or 0.51%.

The Canadian dollar plummeted to its lowest level in more than four years at 1.44655 per US dollar, while the Swiss Franc fell to a five-month low of 0.90215 per dollar.

On December 18, the indices extended their losing streak for the third consecutive session.

Here are some of the stocks that may see significant price movement today.

IndusInd Bank and Asian Paints are the two stocks that hit 52-week lows in Sensex and Nifty.

The IPO that was opened between December 11 and December 13, 2024 aggregates to ₹3,042.62 crore and has had a price band of ₹533-549 per equity share.

The fintech company provides versatile payment solutions including online payment services, digital wallets, and utility bill payments catering to both online and offline retailers.

The company's revenue increased 17.41% year over year in FY24, while its profit after taxes soared 43.78%.