Moneycontrol Selects: Top stories this afternoon

Here is a collection of the most important stories this afternoon:

1. Kenneth Andrade predicts moderation in next 2 years after 2023 market rally

The equity market is unlikely to keep up the euphoria of 2023 through the next two years, predicted Kenneth Andrade, chief investment officer at Old Bridge Capital. Returns are expected to moderate over 2024 and 2025, as the stellar yields of this year have stretched valuations across the market, according to him. Read more.

2. Strong debut | Motisons Jewellers lists at 98% premium to IPO price

Shares of Motisons Jewellers made a blockbuster debut on December 26, listing at 98 percent premium over issue price. The stock started trading at Rs 109 against IPO price of Rs 55. Read more.

3. Infosys stock falls 2% on $1.5 billion global deal termination

Shares of Infosys fell 2 percent at open on the NSE on December 26 after its announcement to terminate a Memorandum of Understanding (MoU) with an unnamed global company on December 22 evening. Shares of Infosys were in the green on December 22, rising 1.75 percent to close at Rs 1,561. The announcement came post-market close. At 9:20 am on December 26, the stock was trading at Rs 1,534.70. Read more.