I think it’s all speculation cause if you remove the reliance aspect the business is not very good – high pe , low pricing power , not very well past performance, volatile raw materials , very strong competition.
But again it’s reliance and if they want to capture the market share they will.
I am still not invested but this does tempt me just cause of brand value of reliance.
Bitcoin investors are bracing for a potential price drop after the cryptocurrency failed to reach $100,000. Options activity suggests traders are hedging against downside risks, with a possible 16% decline or 20% surge by December 27. Profit-taking by long-term holders contributed to bitcoin’s recent dip from its record high.
The U.S. dollar stabilized as investors assessed Trump’s tariff pronouncements and awaited U.S. inflation data. The New Zealand dollar climbed after a rate cut. Trump’s tariff threats caused market jitters. The yen benefited from safe-haven demand. Bitcoin remained below its record high.
President-elect Trump proposed tariffs on Canada, Mexico, and China, impacting oil, gas, agriculture, and manufacturing. The U.S. significantly relies on these countries for energy and agricultural imports, potentially increasing fuel and food costs. Key imports include Canadian oil and gas, Mexican produce, and potash.
Gold prices remained stable. Investors anticipated US inflation figures. These figures will hint at a possible Federal Reserve rate cut. US consumer confidence rose. A ceasefire between Israel and Hezbollah was announced. Key US economic data releases were expected. China’s gold imports dipped. Platinum is predicted to face a deficit in 2025.
At 6:40 AM, GIFT Nifty futures were trading 11 points higher at 24,228, suggesting a flat to positive start for the Indian bourses
The lawyer Jamieson Greer is set to be the top U.S. trade negotiator, a crucial position given the president-elect’s threats to impose tariffs on imports from other countries.
Buzzing stocks: RPower, M&M, Lumax Auto, Kotak Mahindra Bank, Zee Entertainment, BLS E-Services, Wipro