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​Three promoter entities cumulatively sold around 3% stake in Kolte-Patil Developers for Rs 111 crore through the open market on Friday.

​The bull-run in Indian financial markets is likely to continue in 2024 as foreign interest remains robust, with heavy buying expected in both equity and debt markets, several analysts and industry watchers said.

​Gold prices traded around steady on Friday as they headed towards the end of their best year since 2020 at levels comfortably above $2,000 an ounce, buoyed by hopes the U.S. Federal Reserve could cut interest rates as soon as March.

Equity markets will be shut for a total of 14 days in 2024, one less than the current year 2023. In the year 2023, markets were closed for 15 annual holidays.

“2023 was one such year where earnings understripped markets, so markets say for the small and midcap names, markets were up somewhere in the region of 35% to 40%. I do not think earnings grew by that much. Earnings would have grown in the range of say 20 odd percent. Now what that means is that markets have outstripped earnings for that one year.”

​Nephrocare India has completed its pre-IPO funding round, under which marquee investors including veteran banker Deepak Parekh, Bharat Shah, Rajendra Agarwal among others participated.

The Nifty Auto index closed 1.14 per cent up at 18618.2.

There is a possibility of short-term consolidation or range movement for the next 1-2 sessions before resuming its upside momentum in the coming sessions. Immediate support is placed at 21,550 and the next upside targets are to be watched around 22,000-22,200 levels, Nagaraj Shetti of HDFC Securities said.

The SME IPO of Kaushalya Logistics opened for subscription on Friday. The issue closes on January 3. Here are 10 things to know about the offer.

The fall in the index was led by losses in SBI, ICICI Bank, Bank of Baroda, and IndusInd Bank. Some buying was seen in Bandhan Bank, Federal Bank, and HDFC Bank. Profit-booking at higher levels on the last trading session of the week pushed the Nifty Bank index towards its crucial support placed at 48,000 on Friday.