Experts Financial News

Meesho on Tuesday announced the launch of its GenAI-powered voice bot to improve user experience and ensure round-the-clock customer support. The voice bot, which started operating about a month back, is currently available in English and Hindi, and is likely to expand to six additional regional languages — Bengali, Gujarati, Kannada, Marathi, Telugu, and Tamil. Designed to autonomously handle a wide range of customer interactions, the voice bot currently handles about 60,000 calls daily, providing fast and efficient resolutions. With an impressive 95% resolution rate, it significantly reduces the need for human intervention, streamlining support and minimising escalations. «This efficiency has also contributed to a nearly 50% improvement in Average Handle Time (AHT), resulting in quicker and more effective customer service,» a company statement said.

Hitachi Energy India Ltd.(up 6.68%), GMR Power and Urban Infra Ltd.(up 5.00%), Power and Instrumentation(Gujarat)Ltd.(up 4.82%), Indowind Energy Ltd.(up 3.02%), Indo Tech Transformers Ltd.(up 2.30%), Transformers & Rectifiers(India)Ltd.(up 1.76%), GE Power India Ltd.(up 1.60%), Kalpataru Projects International Ltd.(up 0.41%), Reliance Power Ltd.(up 0.38%) and PTC India Ltd.(up 0.37%) were among the top gainers.

Granules India Ltd.(up 1.28 per cent), Glenmark Pharmaceuticals Ltd.(up 0.87 per cent), Biocon Ltd.(up 0.76 per cent), J B Chemicals & Pharmaceuticals Ltd.(up 0.51 per cent) and Alkem Laboratories Ltd.(up 0.11 per cent) were among the top gainers.

Nakoda Group Of Industries Ltd.(up 3.64%), Varun Beverages Ltd.(up 2.76%), Dangee Dums Ltd.(up 2.27%), Parag Milk Foods Ltd.(up 2.22%), Colgate-Palmolive(India)Ltd.(up 2.14%), Marico Ltd.(up 1.52%), Vadilal Industries Ltd.(up 1.45%), Euro India Fresh Foods Ltd.(up 1.45%), Britannia Industries Ltd.(up 0.95%) and Sheetal Cool Products Ltd.(up 0.90%) were among the top gainers.

Swiggy climbed as much as 4% on Monday to Rs 448.65 on BSE after brokerage UBS initiated coverage on the leading food delivery player with a ‘buy’ rating and a target price of Rs 515, citing potential for growth amid India’s expanding online food delivery and quick commerce markets. UBS noted that Swiggy, which recently made its Dalal Street debut on November 13, is well-positioned to benefit from its improving margins and scale. Swiggy’s quick commerce business is slated for promising growth potential, catering to rising consumer demands for rapid delivery.

«Obviously, few of them had gone way ahead of their earnings and few of them were trading below their valuations which were very attractive,» says Rahul Shah, MOFSL. Pretty stellar rally that was a follow through of Friday's move. What is the sense that you are getting when it comes to that PSU basket that really shone in trade? Is the rally here to stay? Rahul Shah: The way we saw the markets rallying yesterday and on the Friday and obviously an important day on the politic side that thumping victory what BJP got, so obviously the PSU was one of the clear winner what we saw like yesterday and going forward also if the PSU basket can outperform and if we see from last six months most of the PSU stocks have corrected also.

Shriram Finance Ltd. traded 0.65 per cent up at Rs 2969.40 at around 10:34AM (IST) on Tuesday. The stock had closed at Rs 2949.95 in the previous session. Equity benchmark Sensex traded 139.75 points at 79970.1 around the same time.

Microsoft's customers were unable to gain access to their email or videoconferencing systems on Monday, as a wave of outages spread across the country after a faulty software update inside the company's huge computer network. The outages primarily affected Microsoft Outlook, the company's email software, and Microsoft Teams, the company's video and communications program. Users began reporting issues around 9 a.m. Monday, according to reports tracked by the site Downdetector.com, which monitors internet outages across the world. It was unclear how many people were affected, but it appeared that Microsoft's customers in the United States and at least several other countries had experienced issues.

LTIMindtree Ltd. 1.14 per cent to Rs 6185.35 in Tuesday's session as of 10:24AM (IST) even as the equity benchmark Sensex traded 188.23 points at 79921.62. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 6575.00 and a 52-week low of Rs 4518.35 on NSE. Around 2567 shares changed hands on the counter till 10:24AM (IST).

KCP Sugar & Industries Corporation Ltd.(up 4.99%), KM Sugar Mills Ltd.(up 2.63%), Bajaj Hindusthan Sugar Ltd.(up 2.09%), Shree Renuka Sugars Ltd.(up 1.96%), Simbhaoli Sugars Ltd.(up 1.88%), Magadh Sugar & Energy Ltd.(up 1.76%), Balrampur Chini Mills Ltd.(up 1.43%), Avadh Sugar & Energy Ltd.(up 1.41%), Kothari Sugars & Chemicals Ltd.(up 1.27%) and Rana Sugars Ltd.(up 1.17%) were among the top gainers.

dollar inflows related to the rejig of MSCI's global equity indexes, which helped it sidestep weakness in regional peers after U.S. President-elect Donald Trump's tariff threat rattled markets. The rupee was at 84.23 against the U.S. dollar as of 09:40 a.m. IST, its highest level in nearly three weeks, following its previous close of 84.2875. The dollar pared early gains made in Asia trading after Trump said he would impose a 25% tariff on all products from Mexico and Canada, and an additional 10% tariff on goods from China.

During Q2, while sectors like pharma and realty demonstrated robust growth driven by strong demand and operational efficiencies, others like energy and Infrastructure faced headwinds in profitability.

Max Healthcare Institute Ltd. 2.6 per cent to Rs 995.40 in Tuesday's trade as of 10:10AM (IST) even as the benchmark Nifty ruled at 24246.8, 24.9 points. The scrip had closed at Rs 970.10 in the previous session. The stock quoted a 52-week low of Rs 599.30 and a high of Rs 1117.05. The company quoted a market-cap of Rs 96629.93 crore on the BSE.

Tube Investments of India Ltd. 2.14 per cent to Rs 3472.40 in Tuesday's trade as of 10:05AM (IST) even as the benchmark Nifty ruled at 24243.3, 21.4 points. The scrip had closed at Rs 3399.50 in the previous session. The stock quoted a 52-week low of Rs 3258.95 and a high of Rs 4807.05. The company quoted a market-cap of Rs 67552.65 crore on the BSE.

Apollo Tyres Ltd.(up 1.33 per cent), Balkrishna Industries Ltd.(up 0.71 per cent), Exide Industries Ltd.(up 0.53 per cent), MRF Ltd.(up 0.08 per cent) and Bharat Forge Ltd.(up 0.04 per cent) were among the top gainers.

Ashoka Buildcon shares are in focus today after the firm received a Letter of Award (LOA) for a Hybrid Annuity Model (HAM) road project in West Bengal from the National Highways Authority of India (NHAI). The accepted bid project cost is Rs 1,391 crore. According to the company's stock exchange filing on Monday, the project involves the development of a four-lane economic corridor from Bowaichandi to the Guskara-Katwa Road Section (Km 89.814 to Km 133.000) of NH 116A (Package-3) in West Bengal, under the HAM.

Gold prices fell sharply, tumbling by Rs 2,200/ 10 grams in the last 2 days while silver prices fell by Rs 2,700/kg in the same period.

Edelweiss Financial Services are likely to remain in focus on Tuesday amid its plans to sell a minority stake in its mutual fund business Edelweiss Mutual Fund. According to sources, the firm is looking to sell a 25-35% stake in its mutual fund arm and is seeking a valuation of $600 million.

earnings season, which has turned out to be the worst one since early 2020 for India Inc, saw at least 36 BSE 500 companies reporting over 50% plunge in their quarterly profit on a year-on-year (YoY) basis. Analysts now warn that the market will eventually end up punishing bad news rather than ignoring them. Q2 saw auto and banks show some cracks in terms of growth and quality of earnings while weak consumption demand was evident in urban markets.

Lord Vishnu and Goddess Ekadashi.

Google and Facebook-owner Meta Platforms urged the Australian government on Tuesday to delay a bill that will ban most forms of social media for children under 16, saying more time was needed to assess its potential impact. Prime Minister Anthony Albanese's centre-left government wants to pass the bill, which represents some of the toughest controls on children's social media use imposed by any country, into law by the end of the parliamentary year on Thursday. The bill was introduced in parliament last week and opened for submissions of opinions for only one day.