Market Bizzz

Ace investor Ramesh Damani has picked up Rs 13 crore worth of John Cockerill India shares in a bulk deal on Friday, while promoter John Cockerill SA offloaded Rs 91 crore worth of stock. The shares were purchased at a price of Rs 4,704.45 apiece, a 1% discount from the Wednesday closing price of Rs 4755.40 on the BSE.

Silver prices soared to Rs 2.32 lakh per kg on Friday, marking a record high this year, while gold touched Rs 1.37 lakh per 10 gm. Strong industrial demand, supply constraints, festive buying, and global macro factors have fueled the rally, with experts expecting both metals to maintain a bullish trend in 2026.

Wall Street indexes neared all-time highs in light post-Christmas trading, fueled by investor optimism for future interest rate cuts and strong corporate earnings. The S&P 500 touched a record intraday high, with markets anticipating a ‘prove-it’ year for AI-driven productivity gains in 2026.

IndusInd Bank shares are set to remain in focus after the SFIO sought information as part of an ongoing probe into accounting irregularities flagged during audits. The investigation covers internal derivative trades, misclassified assets and liabilities, and microfinance income entries, following disclosures of discrepancies totalling Rs 2,600 crore.

DCM Shriram Industries shares are in focus as the stock trades ex-demerger following its approved scheme. Shareholders on the record date will receive a 1:1:1 ratio of shares in the residual company, DCM Shriram Fine Chemicals Ltd, and DCM Shriram International Ltd.

Indian markets saw a strong performance as US stocks hit record highs. The Dow and S&P 500 closed at new peaks. AI stocks rebounded, boosting investor confidence. Jobless claims fell unexpectedly, indicating economic resilience. Investors are anticipating potential rate cuts from the Federal Reserve next year. Trading volumes were light due to the holiday season.

Hindustan Copper and Hindustan Zinc shares reached new highs on Wednesday, driven by global metal rallies. Hindustan Copper’s surge is attributed to tightening global copper supplies and rising demand from new-age sectors, while Hindustan Zinc benefits from a sharp increase in silver prices, a key by-product for the company.

Government bonds rallied as the central bank announced significant liquidity infusion measures, including ₹2 lakh crore in bond purchases and a $10 billion dollar-rupee swap. This move aims to ease tight liquidity conditions caused by forex market intervention and tax outflows, with the 10-year bond yield dropping sharply.

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