India is concerned about potential carbon taxes in UK FTA talks. (Reuters)

Good afternoon,

Markets are trading in the red, with the NIFTY50 below 19,700 as of 12:00 pm. Here are the top stories for the day!

Top gainer: Divi's Labs: 3,710 ▲109 (+3.0%)
Top loser: M&M: 1,549 ▼ 35 (-2.2%)

⭐️ TCS announces record date for buyback
⭐️ LTTS ties up with NVIDIA for enhancing medical imaging
⭐️ Tata Investment shares up 11%

What is a bracket order?
A bracket order combines three orders in one order, viz. initial order, target order and stop-loss order. It helps traders limit their losses. If the initial order is a buy order, then both the target and stop-loss orders will be sell orders. Similarly, when the initial order is a sell order, the other two orders will be a buy order. For example, a trader places a limit order to buy a stock of a company at ₹100 per share. This is placed along with a stop-loss at ₹95 per share and a target order at ₹110 per share. Here we can see that the investor’s main position of ₹100 is bracketed by a higher-priced and lower-priced limit order.

What is a simple moving average?
A simple moving average is the average market price movement of a stock over a specified period. It is referred to as the 'moving’ average since it is plotted on a chart bar by bar and forms a line that moves along the chart as the average price changes. The simple moving average is calculated by adding the share price over a period say one week and then dividing that figure by the number of periods.
Suppose a stock closes at ₹100, ₹105, ₹110, ₹115, and ₹120 in five trading days, then its 5-day simple moving average will be ₹110.

HCL Group is moving closer to setting up an Outsourced Semiconductor Assembly and Test (OSAT) facility in Karnataka with an estimated investment of about $400 million. (ET)

Exciting news in the space industry ! Tata Advanced Systems and Satellogic join forces with a strategic contract to manufacture Low Earth Orbit (LEO) satellites in India.

Traders Clan Doors Closed for Now!

We regret to inform you that registrations for the Traders Clan Program have officially closed.

🌟 What You Missed:

* Exclusive skillset training.
* Real-world trading experience.
* Community connection with like-minded individuals.

While registration is closed this time, fear not! We'll be back with more opportunities in the future.

If you have successfully registered, get ready as we are committed to ensuring that your trust in us remains unwavering. Our dedicated team has meticulously crafted a program that goes beyond just education; it's a journey of empowerment and growth.🥳

State Wise GST Collection In November, 2023.

Maharashtra - 25,585 crore
Karnataka - 11,970 crore
Gujarat - 10,853 crore
Tamil Nadu - 10,255 crore
Haryana - 9,732 crore
Uttar Pradesh - 8,973 crore
Delhi - 5,347 crore
Telangana - 4,986 crore
West Bengal - 4,915 crore
Rajasthan - 4,682 crore
Odisha - 4,295 crore
Andhra Pradesh - 4,093 crore
Madhya Pradesh - 3,646 crore
Chattisgarh - 2,936 crore
Jharkhand - 2,633 crore
Kerala - 2,515 crore
Punjab - 2,265 crore
Uttarakhand - 1,601 crore
Bihar - 1,388 crore
Assam - 1,232 crore
Himachal Pradesh - 802 crore
Goa - 509 crore
Jammu & Kashmir - 469 crore

Indian Economy in November 2023

GST Collection - 1.68 lakh crore
UPI Transactions - 11.2 billion
Car Sales - 3.35 lakh
Manufacturing PMI - 56
Electricity Used - 119.64 billion units.
Domestic Air Traffic - 1,27,16,482

RBI policy alert 📢

⭐ The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5%.
⭐ This is in line with the street expectations. The RBI has maintained the status quo for the fifth consecutive time.
⭐ The Indian central bank raised its GDP growth estimate to 7% from 6.5% for FY24.
⭐ RBI keeps its FY24 inflation forecast unchanged at 5.4%.
⭐ The markets reacted positively, and the NIFTY50 index is up 0.4%, trading near the 21,000 mark.

💸FII and DII Update for 8 December 2023👉

In the cash market, Domestic Institutional Investors (DIIs) were net sellers, selling shares worth ₹434 crore. Whereas, Foreign Institutional Investors (FIIs) bought shares worth ₹3,632 crore on a net basis.

Indians can now visit 62 countries without Visa including Indonesia, Malaysia and Thailand.

Over all, India has moved up to the 80th rank on the Henley Passport Index.

Lakshadweep Updates !

- Air tickets sold out till March, 2024.
- Indian hotel majors are scouting for more sites to build projects.
- The government is planning a new Greenfield airport at Minicoy Islands.
- Existing Agatti runway to get expanded.