Experts Financial News

Bank of Baroda traded 0.92 per cent in Wednesday's trade at 11:48AM (IST). Around 143,252 shares changed hands on the counter. The scrip opened at Rs 255.60 and touched an intraday high and low of Rs 257.30 and Rs 254.35, respectively, in the session so far. Shares of the company of Bank of Baroda quoted a 52-week high of Rs 298.45 and a 52-week low of Rs 204.65.

Punjab National Bank 0.88 per cent to Rs 108.90 in Wednesday's trade as of 11:53AM (IST). The stock hit a high price of Rs 109.00 and low of Rs 107.80 during the session.

INDIA bloc parties protested on the Parliament premises on Wednesday over the Adani indictment issue and called for a joint parliamentary probe into the matter. MPs of the Congress, AAP, RJD, Shiv Sena (UBT), DMK and the Left parties, among others, raised slogans in favour of their demand and held a banner reading «Modi-Adani are one» at Parliament's Makar Dwar. The TMC kept away from the opposition protest. Leader of Opposition in the Lok Sabha Rahul Gandhi was not part of the protest. He left for the violence-hit Sambhal district in Uttar Pradesh along with a Congress delegation in the morning. The Lok Sabha Secretariat on Tuesday issued an advisory urging the MPs not to hold protests in front of Parliament gates, saying that such obstruction of movement could affect their safety and security.

Investec has initiated coverage on JSW Infra with a 'Buy' rating and a target price of Rs 370, indicating a 15% upside from its previous closing price of Rs 321. Investec expects JSW Infra to achieve a 20%+ revenue and EBITDA CAGR over FY24-30. The growth is expected to be driven by third-party cargo at new terminals and strong growth in JSW Group traffic from FY27E onwards. The firm also sees significant potential for new concessions, fueled by the Indian government's aggressive port privatization targets, the management's opportunistic approach, and a robust balance sheet.

mutual funds have offered negative returns in 2024. Further analysis of these equity schemes showed that those who lost the most were from the international category. HSBC Brazil Fund lost the most of around 23.78% in 2024, followed by Mahindra Manulife Asia Pacific REITs FOF which lost 7.28% in the mentioned period.

Stocks that rallied over 10% included, Indo Amines(13.38%), Bang Overseas(13.23%), Niva Bupa Health Ins(12.77%), HEG(11.21%), Wonderla Holidays(10.99%), Vippy Spinpro(10.55%), Zim Laboratories(10.51%) and Syschem(India)(10.17%).

Oman have pushed its partnership in defence, energy, maritime and investment sectors at a high meeting meeting held in New Delhi. The 13th round of the India-Oman Strategic Consultative Group (IOSCG) meeting was held on Tuesday. The meeting was co-chaired by Arun Kumar Chatterjee, Secretary (CPV & OIA), Ministry of External Affairs, and Sheikh Khalifa Alharthy, Undersecretary for Political Affairs, Ministry of Foreign Affairs, Sultanate of Oman. Space is another sector where Oman is interested to collaborate with India. During the meeting, both sides reviewed the entire gamut of bilateral relations, including political and strategic cooperation, trade and investment, energy, maritime and defence partnership, digital collaboration, cultural exchange, and people-to-people ties.

Bharat Electronics Ltd. traded at Rs 313.95 on BSE at 10:30AM (IST) on Wednesday, 0.62 per cent from previous close. The scrip quoted a 52-week low price of Rs 150.00 and a high of Rs 340.35.

«At least 20% of cybercrimes in India involve the usage of the dark web by online attackers,» the study conducted by Lisianthus Tech said. The attackers used the dark web for cybercrimes like data breaches, hacking, phishing, ransomware, identity theft, sale and purchase of banned products like narcotics and weapons.

The HSBC final India Services Purchasing Managers' Index, compiled by S&P Global, stayed almost unchanged at 58.4 in November from 58.5 in October, but was lower than a preliminary estimate of 59.2. A sub-index measuring new business — a gauge of demand — fell from October but showed no concerning signs of weakness. It was supported by international demand that rose at its fastest pace since August.

Cholamandalam Investment & Finance Company Ltd. rose 0.75 per cent to Rs 1264.40 in Wednesday's trade. It hit an intraday high of Rs 1275.00 and low of Rs 1256.05, respectively, during the day. The stock quoted a 52-week high price of Rs 1650.00 and low of Rs 1011.50.

Balkrishna Industries Ltd.(up 1.37 per cent), Bharat Forge Ltd.(up 1.16 per cent), Mahindra & Mahindra Ltd.(up 0.5 per cent), Bajaj Auto Ltd.(up 0.35 per cent) and MRF Ltd.(up 0.34 per cent) were among the top gainers.

foreign inflows offset the impact of a strengthening greenback. A strengthening dollar against overseas currencies and a rise in Brent crude in international markets capped further gains in the local unit, while a positive trend in domestic equity markets prevented a drop in the currency. Forex traders said the rupee has been on a downtrend largely on the back of Donald Trump's rhetoric on BRICS currency, political instability in the Eurozone, weaker domestic macroeconomic indicators and unabated foreign portfolio outflows.

Benchmark NSE Nifty index rose 81.95 points to 24539.1 amid buying in frontline bluechip stocks.

As per by the Central Pollution Control Board, the AQI was measured as '211' at 8 am. Drone visuals showed a thin layer of smog engulfing the areas of Bikaji Cama, Moti Bagh and AIIMS.

REC Ltd. traded at Rs 550.75 on BSE at 10:15AM (IST) on Wednesday, 2.05 per cent from previous close. The scrip quoted a 52-week low price of Rs 376.40 and a high of Rs 653.90.

jiohotstar.com, a domain of now merged groups Reliance Jio and Disney Hotstar, is finally with Viacom18 Media Pvt. Ltd., ending claims of ownership by a Delhi man and Dubai siblings. Sources from Viacom 18 confirmed the same to ET Online on Wednesday. WHOIS data, too, showed that the domain is owned by Mukesh Ambani-owned Viacom 18, registered on September 20, 2023, and is valid until September 20, 2026, with the last update recorded on December 2, 2024.

Ajay Bagga, Market Expert, says he is expecting cryptos and gold to go up. There will be a flight to safety. Both the yen and the dollar will get bought into. In US treasuries, one can expect the yields to go down. Today we saw French yields reaching the Greece yield levels. We are seeing China borrowing at cheaper rates than Japan. We are expecting the Bank of Japan to come in and raise rates at its next meeting in the next fortnight. Following the political developments in South Korea and martial laws being put in place and then revoked, the Samsung stock is under heavy selling pressure. How do you expect global investors to react in the short term? Could this spark a broader risk aversion in emerging markets? Ajay Bagga: The Korean exchange has said they will function as normal. The party leader of the president has opposed this on a Facebook post and the defence minister has called for the military. So, we really do not know what is happening right now. It actually came out of the blue. There have been political wranglings on the budget and this is a minority government which would not survive a floor test. So, overall, it is a very big surprise and I am sure the allies of South Korea from Japan to Europe are working on the back channels to see how this situation can be diffused. It is not a dictatorial country. It is a very strong democracy standing up to its communist neighbours. So, it is very critical that democracy is protected.

Client spending on Salesforce's software products and data cloud has remained healthy as companies seek to streamline and enhance their corporate workflows and process large quantities of data while integrating artificial intelligence. The company's revenue for the third quarter rose 8% to $9.44 billion, beating the average analyst estimate of $9.35 billion, according to data compiled by LSEG.

Pernod Ricard concluded that top executives at its India business violated the law by colluding with alcohol retailers in New Delhi, according to a document seen by Reuters, even as the French giant's representatives denied wrongdoing in court and publicly. PRI told Reuters in January and February 2023 that it «strongly» denies the Enforcement Directorate allegations, calling them «factually incorrect.» As recently as Sept. 4, lawyers for Benoy Babu, a PRI executive named in Shardul Amarchand Mangaldas's report, asked the Delhi High Court to quash the case against him. They said allegations against Babu, who was briefly jailed pending trial last year, were «false and baseless», and authorities were relying on «hearsay evidence». The court has yet to rule on Babu's non-public filing, which was seen by Reuters. He didn't respond to questions from the news agency.

Sensex and Nifty50, traded higher on Wednesday for the fourth consecutive session, supported by gains in index heavyweights HDFC Bank, ITC, and L&T, ahead of the Reserve Bank of India's interest rate decision later in the week. As of 9:50 am, the BSE Sensex was up by 317 points, or 0.39%, at 81,162.75, while the Nifty50 gained 96.15 points, or 0.39%, trading at 24,550.