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“We believe India's investment and real estate cycle are in their early stages and can witness multi-year growth led by continuity of public and private sector investments and favourable govt policy,” says Taher Badshah, CIO, Invesco Mutual Fund. In an interview with ETMarkets, Badshah said: “We have recently increased our exposure to residential real estate noting demand resilience, steady improvement in demand-supply,” Edited excerpts: We are seeing some turnaround in Indian markets – is it the Diwali dhamaka or Santa rally? Indian markets were off to a weak start in the early part of 2023, trailing global markets due to growth concerns, particularly in the consumption economy, from rising interest rates and higher relative valuations.

Nifty’s strong close last week, despite the weakness in Bank Nifty, bodes well for the overall markets and despite continued FII selling, markets have proven to be resilient, further aided by the DII buying, Aamar Deo Singh, Senior Vice President-Equity, Commodity & Currency at Angel One said. Nifty would meet with resistance around the 19,850-19,900 zone in the short-term whereas support is seen around the 19,400-19,450 zone, he adds. Nifty ended with near 2% WoW gains this week while Bank Nifty almost flat. What is the outlook for next week? Last week, markets witnessed a positive trend on the back of strong global cues backed by sharp decline in US inflation numbers and receding fears of US Fed rate hikes. Further, it was a broad-based rally across most sectors, except the Banking space, which witnessed sell-off post the RBI’s decision to raise the risk weights for unsecured loans. Also it is worth noting that despite continued FII selling, markets have proven to be resilient, further aided by the DII buying. Nifty’s strong close last week, despite the weakness in Bank Nifty, bodes well for the overall markets. However, Nifty would meet with resistance around the 19850-19900 zone in the short-term whereas support is seen around the 19400-19450 zone.

Tata Technologies IPO: the initial public offering (IPO) of Tata Technologies Ltd is going to hit primary market on 22nd November 2023. Bidding for Tata Technologies IPO will remain open till 24th November 2023. Hence, Tata Technologies IPO will open on Wednesday this week and it will remain open for bidders till Friday this week.

Day trading guide for today: After witnessing choppy trade throughout the day, Indian stock market ended lower on Friday. Nifty 50 index lost 33 points and ended at 19,730 levels, BSE Sensex went down 187 points and closed at 65,794 mark while Nifty Bank index corrected 577 points and finished at 43,583 levels. Both DIIs and FIIs remained net sellers on the previous session.

'perpetual bonds' — complex securities that have sparked debates and court battles but without which many high-street banks would find it tough to raise capital in the coming years. Financial market authorities are examining a possible change in the way the securities are valued to stoke investor interest in the quasi-equity papers, better known as 'additional tier-1', or AT1 bonds, three persons familiar with the discussions told ET. The government, financial market regulators, banks (which issue such bonds), and asset managers (which invest in them) have discussed the matter in the weeks before the Diwali holiday. Banks and mutual funds chiefs have had meetings with the Securities & Exchange Board of India (Sebi) which formulates the valuation rules.

Lawmen: Bass Reeves faithfully portrays the life of Bass Reeves, an authentic historical figure born into slavery in 1838, who later became one of the pioneering Black U.S. Marshals in the western region of the Mississippi River. Drawing inspiration from Reeves' well-documented life, chronicled in Art T.

South Africa. Travis Head sure caught it when he ran back from the cover, dived, and held on to send the Indian captain Rohit Sharma back in the 10th over in the 2023 final. Glenn Maxwell knew what that moment meant, and he didn’t hide it. In an otherwise situation, it might just have been Rohit doing what he does best – making the most of the powerplay.

MUMBAI : Information technology (IT) stocks seem to be garnering renewed interest with the Nifty IT index rising 6% so far in November. The better-than-expected October US CPI inflation data has raised hopes that the US Federal Reserve’s rate hiking cycle is nearing its end. If this hope materialises then it should come as a boost especially to the banking, financial services, and insurance (BFSI) sector—a key revenue generator for Indian IT companies.

MUMBAI : The Bharat Heavy Electricals Ltd (BHEL) stock has zoomed 77% so far in 2023. The government’s capex thrust has come as a shot in the arm for capital goods stocks lately. But in the case of BHEL, a robust order inflow outlook mainly for its thermal power segment, is fuelling optimism among investors.

₹136 - ₹140, with a face value of ₹10 per share and market lot of 1000 shares. Specializing in bulk trading of surplus inventory, open-boxed items, re-commerce products, and refurbished goods, the company aims to raise ₹21 crore through the IPO. This fundraising effort exclusively involves a fresh issue of shares.

Hinduja Group flagship firm Ashok Leyland is keen to get external investments for its electric vehicle arm Switch Mobility but only from 'the right strategic partner', and it will not shy away from investing on its own till such an ally is found, according to its Managing Director and CEO Shenu Agarwal. While Switch India is likely to be cash neutral or cash positive going forward, on an operating level at least, for Switch UK some more investments may be required in FY25, with the European and UK markets still not going that strong, he told analysts. «We are very keen on getting external investments also, but we want to make sure that we have the right strategic partner with us. I mean, we do it at the right valuation. So right now, the focus is to get Switch into a very, very strong mode by developing products, by maturing our technology on both the bus side and the LCV side,» Agarwal said. He was responding to a query on whether the current tough funding environment could delay roping in an external partner for Switch Mobility, which houses the electric vehicles (EV) business of Ashok Leyland.

Rohit Sharma-led India will take on five-time champions Australia in the final of the ICC ODI World Cup 2023 at the Narendra Modi Cricket Stadium in Ahmedabad today. The Men in Blue have lifted the coveted trophy twice, in 1983 and 2011, while the Aussies' dominance in the tournament over the years has earned them the moniker 'World Cup royalty'. Rohit Sharma's side have been the standout team of the tournament, winning all their matches in the league stage and then convincingly beating New Zealand to reach the ICC World Cup 2023 final.

Andrew Holland, CEO, Avendus Capital Alternate Strategies, says “we have been dipping our toes in the power financier space. I think everyone is shifting a little bit away towards this type of financing companies and just away from NBFCs in the short term. There is a lot more to go because it is the renewables sector and it is something important to governments globally and it is going to see a lot of investment. So, the likes of REC will continue to do well and gain market share.” Would you be a buyer of some of these stocks which took it on the chin on Friday – L&T, RBL, some other PSU banks as well? You know it has been interesting. We have kind of been scratching our heads over the past few months about the whole financial sector and particularly the banks with their stellar results. Yes, not great commentary about NIMs, but there was something that was just holding the sector back. And maybe now with what the RBI has done, we know what the concerns were. To my mind, it is kind of fairly well priced, given the underperformance.

Ahmedabad and airfares to the city have surged manifold ahead of Sunday's World Cup cricket final between India and Australia, forcing many fans to either cough up the staggering rates or alter their travel plans. The chief executive of a Mumbai-based company, for instance, said he has decided to drive more than 500 km to Ahmedabad for the match. «It's crazy out there,» said the CEO, who did not wish to be identified.

Cartoon Network's The Powerpuff Girls made their television premiere with Blossom, Bubbles, and Buttercup. The animated series, which was created by Craig McCracken, recounted the story of how a professor's attempt to create the «perfect little girl» went wrong when Chemical X was inadvertently added, transforming three kindergarten-aged girls into superpowered crimefighters. These days, the only ways to watch The Powerpuff Girls are through reruns and streaming services; sadly, a recent live-action version was canceled after only one pilot episode. But before you can say «Fuzzy Lumpkins,» Blossom, Bubbles, and Buttercup will be back with new tales thanks to upcoming comic books and even a TV series.

BJP has promised in its manifesto for Telangana elections that it will quash the 4% reservation to Muslims and instead increase the quota for OBCs, SCs and STs in the state. Releasing the manifesto, titled Saubhagya Patra, Home Minister Amit Shah assured that a committee headed by a retired Supreme Court judge will investigate all corruption cases by the K Chandrasekhar Rao government and bring the guilty to book.

Narendra Modi Stadium in Ahmedabad, with a seating capacity of over 1.3 lakh spectators, is gearing up for the highly anticipated ICC World Cup final between India and Australia this Sunday. The excitement surrounding the event is reaching unprecedented levels, attracting attention from all corners. The surge in demand has led to various industries experiencing a positive impact. Over 100 charter flights have been booked to transport the affluent and influential individuals to Ahmedabad.

This Amazon Diwali sale, you can find great deals on merchandise, customized cricket kits, trophies, and posters. Whether you're a cricket enthusiast or looking for the perfect gift for someone who is, this sale offers a wide range of products at discounted prices. From personalized cricket jerseys to commemorative trophies and vibrant posters, there's something for every fan to celebrate the festival of lights with style. Don't miss out on these fantastic Cricket fever offers to make this Diwali even more special for the cricket lovers in your life.

IREDA IPO: The initial public offering (IPO) of Indian Renewable Energy Development Agency (IREDA) is opening on 21st November 2023 i.e. on Tuesday next week. The public issue worth ₹2,150.21 crore will remain open for subscription till 23rd November 2023.

Sam Altman after a review found he was “not consistently candid in his communications" with the board of directors. Reactions started pouring in from top leaders who came in support of Altman and praised him for his contribution to AI. Now, BharatPe's former co-founder and managing director Ashneer Grover also tweeted and compared Altman's firing situation to the one that happened with him in India.

As the Reserve Bank of India (RBI) has increased the risk weight on unsecured lending, including credit card receivables by banks and non-banking finance companies (NBFCs), interest rates on unsecured personal loans will go up. For those with a credit score below 750, the hike will be steeper. Borrowers will have to pay higher equated monthly installments, and even those eligible to obtain credit cards or personal loans may face stricter terms and conditions.