Experts Financial News

Medplus Health Services, highlighting its robust expansion plans and promising growth in the generics segment. Mirae Asset Sharekhan has issued a 'Buy' rating on Bajaj Finserv, citing its ambitious long-term strategy and focus on leveraging AI for profitable growth.

IndiGo flights 6E 12 (Istanbul to Delhi) and 6E 18 (Istanbul to Mumbai) faced significant delays exceeding 24 hours at Istanbul Airport. Originally scheduled for departure on Wednesday night, the flights were postponed multiple times without proper updates, leaving travellers stranded in challenging conditions. As of Friday morning, 39 hours into the ordeal, IndiGo had not confirmed departure times.

Crompton Greaves Consumer Electricals Ltd. traded 0.23 per cent in Friday's trade at 10:30AM (IST). Around 10,434 shares changed hands on the counter. The stock opened at Rs 406.50 and touched an intraday high and low of Rs 409.35 and Rs 404.15, respectively, in the session so far. Shares of the company of Crompton Greaves Consumer Electricals Ltd. quoted a 52-week high of Rs 483.65 and a 52-week low of Rs 262.10.

Sensex surging by 4,487 points from its November lows and reaching at the level of 81,289, the mutual fund expert believes that investors should adopt a diversified allocation strategy and should allocate 10% towards gold and 5-7% towards silver. Experts suggest that after the above allocation, investors should allocate 20-30% in duration focused debt instruments and the remaining should be invested in equities through a staggered approach to mitigate risks associated with market volatility. “Given the near-term weakness and macroeconomic moderation, investors should adopt a diversified allocation strategy. A prudent approach would be to allocate 10% towards gold as a hedge against inflation and market uncertainty, and 5-7% towards silver to diversify within commodities and benefit from industrial demand trends. Additionally, 20-30% should be allocated to duration-focused debt instruments, which can provide stability during volatility and benefit from potential future rate cuts. The remaining portion should be invested in equities through a staggered approach or systematic investment plans (SIPs) to mitigate risks associated with market volatility,” said Sagar Shinde, VP Research, Fisdom.

Devendra Pant, Chief Economist, India Ratings, says food inflation is cooling off but there are two commodities which could be another source of problem for food inflation in general and your overall inflation in particular. In August ‘24, oil and fats had a deflation of 0.86% and come November it has an inflation of 13.28%. This is one commodity among the food group which can create a problem in the months to come. Now that food prices are softening, do you think they will remain elevated still or do you think this is a temporary relief, a trend perhaps that could sustain? Which one of these do you think it is? Devendra Pant: There will be a relief because generally what happens is when you are entering the winter season, you see the kind of price movement in the vegetables or the fruits, they tend to ease because what happens is either you have the less rainfall or more rainfall and because of that there are some supply shortages.

Stocks that rallied over 10% included, Orbit Exports(13.91%) and DCM Ltd(13.42%).

«Investors are kicking some of the themes that they felt were worth backing, especially in the wake of Donald Trump's victory in the presidential election,» says Cameron Brandt, EPFR Global How you are looking at the trajectory that we have seen play out on Wall Street and how you have read into the producer price index report that we have seen, what the expectation is now from the US Fed. Cameron Brandt: Well, what we have seen from a fund flow perspective is an enormous flood of money come in to US mandated funds since the beginning of November really eclipsing pretty much every other fund group that we track.

Colgate-Palmolive (India) Ltd. traded at Rs 2861.10 on BSE at 10:04AM (IST) on Friday, 0.61 per cent from previous close. The scrip quoted a 52-week low price of Rs 2330.10 and a high of Rs 3893.00.

ADF Foods Ltd.(up 1.36%), LT Foods Ltd.(up 1.19%), Dangee Dums Ltd.(up 0.57%), Colgate-Palmolive(India)Ltd.(up 0.51%), JHS Svendgaard Laboratories Ltd.(up 0.40%), Nakoda Group Of Industries Ltd.(up 0.31%) and Euro India Fresh Foods Ltd.(up 0.17%) were among the top gainers.

Havells India Ltd. traded 0.25 per cent in Friday's session at 10:14AM (IST). The stock opened at Rs 1757.10 and has touched an intraday high and low of Rs 1782.75 and Rs 1757.10, respectively, during the session so far. The stock quoted a 52-week high of Rs 2104.95 and a 52-week low of 1280.20. About 7,742 shares changed hands on the counter so far.

buy call on Maruti Suzuki India with a target price of Rs 15,250. The current market price of Maruti Suzuki India is Rs 11,119.65. Maruti Suzuki India Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 349584.22 crore, operating in Auto sector. Maruti Suzuki's key products/revenue segments include Passenger Cars & Light Duty Utility Vehicles, Spare Parts & Components, Other Operating Revenue, Service Income, Scrap, Rental Income for the year ending 31-Mar-2024.

Domestic benchmark index NSE Nifty fell 177.05 points to 24371.65, while the BSE Sensex traded 575.95 points down at 80714.01.

World Competition Day 2024, co-hosted by leading Indian think tank CUTS International, UNCTAD, and the WTO, convened global experts at the WTO headquarters to discuss the critical intersection of trade, competition, and inequality. The event raised the question as to how trade and competition policies can be designed and deployed to address deepening socio-economic inequalities. Pradeep S. Mehta, Secretary General of CUTS International, opened the discussions by highlighting how trade policy and competition policy can deal with economic inequalities, both among nations and within nations. He called for strengthened efforts to address these issues through global cooperation. Moderated by Suddha Chakravartti, Director of CUTS International, Geneva, the event featured insights from esteemed experts, including Roberta Piermartini (WTO), Vincent Martenet (University of Lausanne), Elizabeth Gachuiri (UNCTAD), and Kondwani Kaonga (COMESA Competition Commission). Discussions explored the role of trade in fostering inclusiveness between and within economies. While trade has contributed significantly to income convergence between nations, the benefits have often been unevenly distributed within economies. Complementary policies, such as education, income redistribution, and robust competition enforcement, were identified as essential to ensure inclusiveness at all levels.

PowerGrid are likely to remain in focus on Friday as the company announced that it has emerged as a successful bidder under Tariff-Based Competitive Bidding (TBCB) for 2 projects. These projects pertain to establishing Inter-State Transmission System under Build, Own Operate and Transfer (BOOT) basis.

Shakti Pumps will be in focus after the company received a Letter of Empanelment from Maharashtra State Electricity Distribution Company (MSEDCL) for 25,000 standalone off-grid DC solar photovoltaic water pumping systems, collectively worth Rs 754.30 crore. Under this Letter of Empanelment, the company will receive a series of orders from MSEDCL over the next year. The stipulated timeline of 60 days for executing these orders will commence from the date each work order is issued.

Hindustan Aeronautics Ltd (HAL) shares will remain in focus on Friday after the Ministry of Defence (MoD) announced a Rs 13,500-crore contract with the company to procure 12 Su-30MKI fighter aircraft. The deal, signed on Thursday, December 12, aims to bolster India's defence capabilities while promoting the ‘Aatmanirbhar Bharat’ initiative. The deal, valued at approximately Rs 13,500 crore, includes associated equipment and is inclusive of taxes and duties. The aircraft will feature a homegrown content of 62.6%, achieved through the indigenisation of numerous components manufactured by the Indian defence industry.

Jason Gillespie who was appointed as Pakistan's Test team head coach in April this year, stepped down from his role on Thursday. Aqib Javed, Pakistan men's white-ball head coach, will take over as head coach of the Test team for the upcoming series in South Africa. In Gillespie's last assignment as the Pakistan head coach, the team overcame a 1-0 deficit to emerge victorious in a three-Test series against England at home in October.

Bajaj Finance shares will remain in focus on Friday after India's largest non-bank consumer financier has unveiled a new business plan for the next five years which envisages integration of artificial intelligence (AI) across all its processes to improve customer engagement, grow revenue, enhance productivity, strengthen controls and reduce operating and credit costs. In chat with ET, managing director Rajeev Jain said the transition to an all-encompassing AI based system will improve customer conversion rates at a much lower cost while ensuring the loan growth remains at current rate or moves to a faster trajectory.

₹8,000 crore, achieved full subscription on the second day of bidding on Thursday, concluding with a subscription rate of 1.54 times. The segment allocated for non-institutional investors (NIIs) saw a subscription rate of 3.84 times, while Retail Individual Investors (RIIs) subscribed at 1.16 times. The portion designated for Qualified Institutional Buyers (QIBs) received a subscription of 48 percent.

The Bank of Canada’s latest oversized interest rate cut isn’t expected to deliver immediate relief to the Canadian fixed-mortgage market, experts warn.

Chinese stimulus offered only a sliver of support. They drew some comfort from an outsized rate cut in Switzerland that saw the Aussie jump 1.3% on the Swiss franc, while an easing from the European Central Bank helped it firm on the euro.