Sebi refuses any relief to lenders of Karvy

• Sebi observed that all the pledged shares came from client accounts and the lenders did not exercise proper ‘due-diligence’
• The market regulator also found the lenders lapsing as they merely relied on Karvy’s assertions that the pledged shares belonged to the broking firm

Ahead of US-China trade deal, global cues push up Indian stocks

• Both Sensex and Nifty closed around 1% higher
• Global markets also soared with the indices in China, Japan, Hong Kong and Korea ending 1-2.5% higher on Friday

Wall Street slips as investors look for concrete details on US-China trade deal

• US to modify tariffs in a 'significant way'; China to buy substantially more US goods and services
• All three major stock indexes hit fresh record highs earlier in the session, but turned lower after comments that a deal had not yet been formally signed

Prince Pipes to launch ₹500-crore IPO on 18 Dec

• The offer with a price band of ₹177 to ₹178 per equity share will open on 18 Dec and close on 20 Dec
• The company’s sales from operations for the year ended 31 March stood at about ₹1,572 crore, while its profit stood at ₹83 crore

Tata Motors, Motherson stocks up on Johnson’s victory

• The actual impact would be known after the December 2020 deadline when the UK formally exits the European Union
• Tata Motors’ shares have rallied 62% from the 52-week low on September 4

After 50% returns, 2020 may be even better for Indian IPOs

• The S&P BSE IPO Index, a gauge of shares in their first two years of trading, has climbed 36% in 2019
• The outperformance of recent debutantes is notable given the sluggish performance of smaller Indian shares in general

Dr Reddy’s Nuvaring setback reminds investors US remains critical for the firm

• Nuvaring has a market size of $800 million and is the key limited competition drug Dr Reddy’s has been working on
• The launch of Nuvaring by Dr Reddy’s was delayed after the US regulator asked for data pertaining to the drug

Prince Pipes IPO to open next week, price band announced

• Prince Pipes IPO will be open for subscription from December 18 to 20
• The ₹500 crore IPO comprises ₹250 crore through fresh issue of shares and an equal amount through offer-for-sale

Aviation stocks rise as domestic air passenger traffic hits new high

• Domestic air passenger traffic for November grew at its fastest pace in 2019
• Low ticket prices and the onset of the festival season led to a rise in passenger load factor

Metal stocks up on progress in US-China trade talks

• The BSE Metal Index rose 2% to 9,759.50 points, while the BSE Sensex was up 0.7% at 40,889.96 points
• Investors are optimistic over a trade deal between the US and China ahead of a tariff hike deadline

Gold prices today drop for second day, down around ₹500 per 10 gm this month

• So far this month, gold prices have dropped by around ₹500 per 10 gram at MCX
• In December, silver future rates are down by more than ₹1,100

Bond yields hit five-month high as inflation quickens

• Indian rupee strengthened for eight consecutive say today tracking gains in Asian currencies
• Bonds have been under pressure over the past few sessions after S&P warned that it may downgrade India's debt

Sensex rallies 428 points to end at 41,009; Nifty settles near 12,100

• The benchmark Sensex was 1.05% higher or 428 points up at 41009.71 points, while Nifty gained 0.96% or 114.90 points to 12086.70 points
• Gains in the domestic market were led by banking, auto and metal stocks

Gold smuggling on the rise as high prices boost appeal in India

• Gold in India touched a record high of ₹39,885 per 10 grams in early September
• There has been a jump in the smuggling of gold into India from China, Taiwanand Hong Kong, the DRI said

Stock markets may rise on firm Asian cues, weak macros to weigh

• Asian share markets jumped as a last-gasp Sino-US trade deal and a likely major election win by Britain's Conservative Party
• Maruti Suzuki India Ltd has raised its vehicle production target for this fiscal in the first sign that India’s largest carmaker is seeing green shoots of a recovery in the troubled auto sector

Stocks to Watch: State Bank of India, IndiGo, Infosys, Nestle India

Here’s a list of stocks that may be in news on Friday

Improved rabi crop outlook raises hopes for tractor manufacturers

• Disparity in sales decline may be due to the different inventory holding strategies
• The 7-9% FY20 sales decline estimated for tractors is better than earlier forecasts of a double-digit drop

India’s growth, inflation dynamics becoming as complex as an onion

• RBI is focused on inflation and the government is running out of powder, with its revenue targets in question now
• The Index of Industrial Production (IIP) contracted 3.8% in October and manufacturing registered a contraction for the third straight month

Will L&T Infotech’s strong deal pipeline revive its stock’s fortune

• Strong pipeline makes it hopeful of returning to the top quartile of the industry-level growth rates in fiscal 2021
• LTI’s strategy of adding new business clients is progressing well

HDFC Life drums up digital beat but investors should wait for proof

• Granted that hooking millennials faster to insurance can be effective only when it is sold online or through mobile phones
• Another factor to monitor will be cost savings that digitization brings