Booking Financial News

«The setup for 2023 was very powerful as its previous calendar year witnessed only 10 new 52-week highs, while for 2024, its previous calendar year saw a staggering 29 new 52-week highs. Today markets opened at new lifetime highs marking the second new lifetime high in just 15 days of calendar year 2024,» said Paras Matalia of SAMCO Mutual Fund. While shares of heavyweight RIL (Reliance Industries) have been giving support to Nifty with 8% upside in just 4 trading sessions, the rally in 2024 has been largely led by uptick in the IT index with growing optimism about increased discretionary spending and strong deal wins. «The US bond yield edged lower as market participants bet on the Fed easing cycle, which is expected to start in March. Investors are likely to take a more measured approach due to the release of Chinese GDP and UK inflation data this week,» Vinod Nair, Head of Research, Geojit Financial Services, said. After buying Indian equities worth over Rs 66,000 crore in December, foreign institutional investors or FIIs have been net buyers to the tune of Rs 11,000 crore in the first two weeks of the calendar year. While anticipated rate cuts this year are expected to further fuel the rally till the Lok Sabha elections, analysts warn of intermittent volatility especially due to Budget and occasional profit booking. «The recent upswing warrants a certain degree of caution as, many times, such sharp rallies do not sustain. Thus, we believe that the near-term view will be cautious and suggest profit booking in areas of exuberance, especially in the smallcap space,» Pranav Haridasan, MD and CEO at Axis Securities.

The body would work towards strengthening governance standards and addressing the sector's needs and challenges, the central bank said.

By Anton Bridge

smothering her son in a Goa service apartment and attempting to transport his body to Bengaluru. She has been booked by the Calangute police under Indian Penal Code (IPC) sections 302 (murder) and 201 (destruction of evidence), and also under the Goa Children's Act. Suchana Seth is the Chief Executive Officer of a startup called ‘Mindful AI Lab’.

Japan's Nikkei share average on Monday crossed the 36,000 mark for the first time in 34 years, powered by shippers and financials, with a retreat in U.S. bond yields and a stabilisation in the yen exchange rate buoying sentiment. The Nikkei finished the day nearly 1% higher at 35,901.73, after touching the highest since February 1990 at 36,008.23. Value shares outperformed after lagging growth stocks last week when the Nikkei index booked its best performance in 22 months. The broader Topix, which is less weighted towards technology shares than the Nikkei, rose 1.22% on the day and also touched a new 34-year high during the session. The Topix value share sub-index climbed 1.55%, outpacing a 0.88% rise for the growth share sub-index. The Tokyo Stock Exchange's (TSE) shippers index jumped 5.3% to lead gains among the 33 industry groups, with geopolitical risks pushing up shipping rates. Shares of financials, which had retreated sharply on Friday, rebounded strongly.

Sheersham Gupta, Director and Senior Technical Analyst at Rupeezy, believes keeping the elections in mind, one can expect a populist budget. In an interview with MintGenie, he advised investors to create a position in the agriculture, infra, and real estate sectors. One can look to book some profit in small-cap and mid-cap space and create positions on the large-cap, real estate-related companies, and debt, he added.

SBI Cards and Payment Services Ltd. traded 0.91 per cent up at Rs 773.7 on Monday at around 12:55PM (IST), while the benchmark BSE Sensex advanced 606.02 points to 73174.47. As many as 29,376 shares changed hands on the counter with a total value of Rs 2.25 crore.

Indian Hotels Company Ltd. gained 0.47 per cent to Rs 464.0 in Monday's session as of 12:24PM (IST) even as the equity benchmark Sensex traded 637.08 points higher at 73205.53. Earlier in the day, the stock witnessed a gap up start to the session.

₹397 to ₹418 per equity share. The book build issue is proposed for listing on BSE and NSE. Medi Assist Healthcare IPO is a book built issue of ₹1,171.58 crore.

Wipro surged 13 percent in intra-day deals today to hit a fresh 52-week high of ₹526.45 as the company's December quarter earnings beat estimates even though it reported a decline in its net profit for the December quarter (Q3FY24). This also comes after the company's American Depository Receipts (ADRs) surged almost 18 percent to hit a near-20-month high of $6.35 after the company reported its results on January 12. Wipro's net profit fell 12 percent year-on-year (YoY) and 1.2 percent sequentially to ₹2,694 crore.

Medi Assist Healthcare IPO: The mainboard initial public offering (IPO) of the insurance-tech company has opened today and it will remain open till 17th January 2024. The company is a third-party administration (TPA) services provider to insurance companies and offers medical insurance and cashless hospitalization through a network of healthcare service providers. The insurance-tech company has fixed Medi Assist IPO price band at ₹397 to ₹418 per equity share.

Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: upgrades for Kyndryl, Godaddy, Home Depot, and Ciena; downgrades for Yum! Brands.

dry winter, with no snowfall and unusually high temperatures, in the coldest parts of Kashmir has adversely impacted the tourism sector in the Valley. Adventure tourist arrivals have hit rock bottom. The Valley is disturbingly warmer than other places in northern India.

Mint, the soft-spoken Krithivasan came across as guarded. Under his watch, TCS has done better than smaller rival Infosys Ltd for two straight quarters, with the boss sharing that the company is now focusing more on growth and expects the next financial year to be better than the current one. Edited excerpts: I can talk only about TCS and not about other companies.

Medi Assist Healthcare IPO: The mainboard initial public offering (IPO) of insurance-tech company will be opening for subscription from tomorrow, January 15, 2024. The company is a third-party administration (TPA) services provider to insurance companies and offers offers medical insurance and cashless hospitalization through a network of healthcare service providers. The company also acts as a mediator between general and health insurance companies and their insured members, insurance companies and healthcare providers (such as hospitals), and the government and beneficiaries of public health schemes.

IPOs Next Week: The primary market witnessed some major listings in both main board and small- and medium-sized enterprise (SME) segments last month, which kept investors engaged with subscriptions and listings. Moving on, the second week of January sees strong market buzz - similarly packed with new listings and initial public offering (IPO) issues, that are available for subscription. In the primary market during the period 6-13 January, the mainboard IPO of Jyoti CNC opened to raise ₹1,000 crore.

Also Read: ‘Greed, fear’: Congress reacts as Milind Deora is set to join BJP ally in Maharashtra The diplomat-turned-politician, Shashi Tharoor on Sunday said that the Congress and the opposition parties would be working on the same strategy for the next Lok Sabha elections set to take place this year. "I still expect that the BJP will emerge as the single-largest party.

criticism on social media, a disgruntled passenger, identified as Deedy, shared his harrowing experience with IndiGo, labeling it as the «worst flight experience» of his life. The Kolkata to Bengaluru flight, scheduled for 10 PM, took off at 4:41 AM after a series of six delays, totaling a staggering seven hours.

Odisha) Railway Minister Ashwini Vaishnaw Saturday inaugurated the 18 km stretch of Gopinathpur Nilgiri-Balasore passenger railway line and flagged off a newly introduced MEMU train. The MEMU train between Gopinathpur Nilgiri to Balasore in South Eastern Railway division will operate thrice in a day, railway official said. Flagging off the train at Gopinathpur Nilgiri railway station, Vaishnaw said that Odisha on an average gets Rs 10,000 crore each year for the development of railway infrastructure under the NDA government of Narendra Modi.

put around Rs 3,900 crore in Indian equities in the first two weeks of this month, against the backdrop of uncertainty over the interest rate scenario. The investment has slowed down compared to Rs 66,134 crore attracted in the entire December. Before that, FPIs invested Rs 9,000 crore in November.

Up and down the income ladder, people say more money would make them happier. When they actually get it, that isn’t always the case. Some people who have gotten big raises recently say the money hasn’t changed their day-to-day life or hasn’t provided them as much joy as the things in their life that have nothing to do with money.