Experts Financial News

Cipla shares are in focus today after Samina Hamied and Rumana Hamied, promoters of the pharmaceutical company, exited by selling their 1.72% stake for Rs 2,111 crore through open market transactions. Investors including the Singapore government, Societe Generale, Abu Dhabi Investment Authority, BNP Paribas, BofA Securities, Citigroup, Morgan Stanley, Goldman Sachs, Norges Bank, UBS, and Copthall Mauritius bought stakes in Cipla. According to block deal data available on the National Stock Exchange (NSE), Samina sold 89.54 lakh shares of Cipla, while Rumana Hamied offloaded 49.43 lakh shares, amounting to a 1.11% and 0.61% stake, respectively.

financial stocks, with comments from key US Federal Reserve officials raising expectations of a 25 basis-point rate cut later in the month. By 9:21 am, the BSE Sensex was up over 100 points, or 0.14%, at 80,358.73, while the Nifty50 gained 23 points, or 0.10%, trading at 24,299.

V Srivatsa, Fund Manager — Equity, UTI AMC, sees opportunities in cement, metals and durables companies as they are disappointed in earnings and the worst may be over for them in terms of downgrades. «Given the low base and strong festive season, we see some turnaround around consumption-oriented sectors such as FMCG, autos and durables. We may also see a recovery in the oil and gas companies as the refining margins and oil realizations could be better in the second half,» he says. Edited excerpts from a chat: Mutual fund inflows have been strong even when the market is falling. How much cash are you deploying in your portfolios amid the market correction? V Srivatsa: UTI Large and Mid-cap Fund typically has around 4-5% cash in the fund at current levels. We are in the process of deploying some of the cash into buying equities, however we would need to maintain at least 2-3% cash to meet any unforeseen redemptions.

mutual funds to invest in. They ask their friends or colleagues or in some mutual fund forums for top or best schemes while starting their investment journey or while deciding to invest extra money. But most of them are not satisfied with the answers they get from the internet or friends due to different reasons. An online search would mostly take you to some websites with ready-made lists. Most often, the schemes may be shortlisted on the basis of their short-term performance. Sometimes, the schemes from a single category may dominate the list because that category happens to be the flavour of the season. Also Read | Best mutual fund SIP portfolios to invest in December 2024

Adani Power shares are in focus after Bangladesh, grappling with $844 million (Rs 7,000 crore) in unpaid power dues to the company, asked Adani to reduce its electricity supply due to low demand during the winter season. «Due to low demand owing to the onset of winter, Bangladesh Power Development Board (BPDB) has conveyed that we need to supply from one unit only,» a spokesperson for Adani Power told ET in an emailed response to queries, adding that the units are available as per the contract with BPDB.

Accel and some accounts managed by Orbis Investments. Nebius, which emerged in July following a $5.4 billion deal to split the domestic and international assets of Russian internet giant Yandex, is joining a drive to build the infrastructure underpinning artificial intelligence. Nebius was founded by Arkady Volozh, former founder and CEO of Yandex. Trading in Nasdaq-listed Yandex was suspended soon after Russia's invasion of Ukraine, with Nebius eventually reviving the listing as part of the asset split.

Nargis Fakhri's sister, Aliya, has been arrested and charged with first-degree murder and other offences for allegedly «deliberately starting a deadly fire» in a garage on November 2, which resulted in the deaths of her ex-boyfriend and his female companion in Queens, New York. According to the charges and investigation, Aliya arrived at the two-storey detached garage at about 6:20 am on November 2 and yelled, «You're all going to die today» before setting the fire that turned into a «raging inferno» in which Edward Jacobs (35) and Anastasia Ettienne (33) died. The Queens district attorney's office said Fakhri «allegedly set the fire near the entrance of the building, trapping the two inside with no exit». The victims died from smoke inhalation and thermal injuries.

The Nifty futures closed positive with gains of 0.51%, reaching 24,429 levels on Monday. India VIX rose nearly 2% to close at 14.70 in the previous trading session.

Tata Power shares will be in focus after the Delhi High Court sought responses from the Central government and other parties on a petition by Tata Power Company (TPC) challenging the coal ministry’s order reducing compensation for the deallocation of the Mandakini Coal Block in Odisha. The High Court instructed the ministry and others to maintain the status quo on the compensation order until December 4, the next hearing date.

Swiggy shares will be in focus on Tuesday as the food delivery giant, which has seen an impressive 27% increase over its IPO issue price of Rs 390, will be releasing its financial results for the second quarter ended September today. The food and quick delivery company debuted on the Dalal Street on November 13, with the company's shares listing on the NSE at Rs 420, reflecting a 7.7% increase from the IPO issue price, while on the BSE, the stock debuted at Rs 412, showing a 5.6% premium over the issue price.

Ambuja Cements Ltd. with a target price of Rs 710. The current market price of Ambuja Cements is Rs 533.9. Ambuja Cements Ltd., incorporated in 1981, is a Large Cap company with a market cap of Rs 130915.01 crore, operating in the Cement sector. Ambuja Cements' key Products/Revenue Segments include Cement, Other Operating Revenue and Scrap for the year ending 31-Dec-2021.

Suraksha Diagnostic received tepid response for the first two days with just 25% subscription. The issue will close for bidding today. One of the main reasons for this subdued show is due to the IPO structure, which is completely an OFS of 1.91 crore shares. This means that the company will not receive any proceeds from the offering and the entire funds will go to the selling shareholders.

Wipro, which have given returns of over 30% in the last six months alone, are likely to remain in focus on Tuesday as the stock begins trading on ex-bonus basis from today. The IT major had announced a bonus share issue in the ratio of 1:1, fixing December 3 as the record date for determining shareholder eligibility.

The first indigenous Loiter Munition, Nagastra-1, developed by Solar Industries in Nagpur has supplied the complete lot of 480 loitering munitions under a contract signed under emergency procurement powers by the force, defence officials said. The indigenous loitering munition named Nagastra-1 has an indigenous content of more than 75 per cent and has been designed and developed indigenously by the firm.

«Hostile activity in UK cyberspace has increased in frequency, sophistication and intensity,» the National Cyber Security Centre's Richard Horne will say in a speech later on Tuesday, according to a statement released by the government agency. «Actors are increasingly using our technology dependence against us, seeking to cause maximum disruption and destruction.»

Firstly, here's how you can know the status on NSE

In a twist, AI itself, from the startup Orbital Materials, is what designed the carbon-filtering substance, its Chief Executive Jonathan Godwin said. «It's like a sponge at the atomic level,» Godwin told Reuters. «Each cavity in that sponge has a specific size opening that interacts well with CO2, that doesn't interact with other things.»

The United States on Monday launched its third crackdown in three years on China's semiconductor industry, curbing exports to 140 companies to stymie China's ability to access and produce top-line chips. «It was not a blanket ban, or as stringent as people first feared. So that, to me, is a positive,» said Tai Hui, Asia chief market strategist at JP Morgan Asset Management in Hong Kong.

Ambuja Cements shares will be in focus on Tuesday after the company announced a partnership with Finland-based technology and engineering firm Coolbrook. The partnership aligns with the company's goal of leveraging zero-carbon heating technology to decarbonize its cement manufacturing process.

Arbitrage funds, a category with assets worth ₹2.35 lakh crore, have received inflows of ₹89,400 crore in the last 12 months as rich investors use these schemes to park money for short-term needs. These funds now account for 53% of the net inflows into the hybrid category, according to data from WhiteOak Capital Mutual Fund. Higher returns than debt funds along with the benefit of equity taxation are driving investors to arbitrage funds. Distributors point out that many savvy investors are using these schemes to park money as they believe valuations are rich and wait for a correction to deploy more money.

WHAT DID THE PARDON COVER? Hunter Biden was pardoned for his conviction by a jury in Delaware and a guilty plea in California. Hunter Biden was also pardoned for federal crimes «he committed or may have committed» between Jan. 1, 2014 through Dec. 1, 2024.