Experts Financial News

Aarti Industries while Goldman Sachs has a neutral rating on Britannia. Meanwhile, JP Morgan has overweight ratings on LIC and Hindalco.

The Nifty future closed positive with gains of 0.03% at 24226 levels on Monday. The volatility index India Vix fell by 1.38% to 14.27, indicating a decline in market volatility.

Donald Trump has chosen Florida Representative Mike Waltz as his national security advisor. Waltz, a retired Army Green Beret known for his extensive knowledge in military operations and policy, is a vocal critic of China and a staunch advocate for bolstering US strategic readiness in the Indo-Pacific.

A leading Russian cybersecurity firm Positive Technologies has revealed that more than two-thirds of cyberattacks in India lead to leaks of confidential information, making India a focal point for improving cyber defences. The company presented its findings at the Positive Hack Talks meetup on October 11 in Bengaluru, underscoring a pressing need for fortified cybersecurity measures. The company’s report highlights a 15% increase in cyberattacks across India in 2023, with a staggering 46% rise in attacks in Q2 of 2024 alone, significantly outpacing the global growth rate of 30% in the same period.

Sagility India will debut on the exchanges on Tuesday. Ahead of the listing, the company's shares were trading with a GMP of Rs 0.3 in the grey market. Considering the upper price band of Rs 30, the company's stock is expected to list at 1% at the bourses.

Chennai’s district collector, Rashmi Siddharth Zagade, has declared a school holiday for Tuesday, as per a TOI report. The India Meteorological Department (IMD) has issued a yellow alert across multiple districts, with alerts set for 12 districts on November 12, 17 districts on November 13, 27 districts on November 14, and 25 districts on November 15. Read more: Chennai to see heavy rain for next few days, IMD issues alerts for multiple districts across Tamil Nadu; Full forecast here

Mayuresh Joshi, Head Equity, Marketsmith India, says the ratings for UPL probably look a little bit weak whereas their peers – Paradeep Phosphates and Sumitomo Chemical can do well. For Biocon to a certain extent, numbers are very patchy. One good quarter has been followed by two bad quarters and therefore the consistency in numbers delivery is still not coming through. At this juncture, Syngene remains as a better player on Marketsmith watch list compared to Biocon. Any first thoughts on UPL or any other specialty chemical name that you like? Mayuresh Joshi: No, I think numbers are a tad below par for UPL. The Advanta or the seeds business, has done relatively better, but they are seeing pricing headwinds specifically in the crop protection business. Now within the geographies that they probably operate out of, we are seeing some scenarios where there have been instances of floods in a few European countries as well and therefore how does this revenue build up specifically in the second half that they are maintaining their guidance and specifically on the EBITDA front is something to be watched out for.

With Q2 earnings season already turning out to be the worst since March 2020, Sunil Tirumalai, Chief GEM Equity Strategist at UBS, says chances of further earnings cuts are higher than earnings increases. «In the context of slowing signs in the economy (with nominal GDP growth currently in the bottom quartile of 15 year history), renewed fears of slowdown in global trade after changes in US political landscape, and a gradual slowdown in bank credit growth – it is hard to envisage a situation of sharp earnings increase for the stocks,» he says. Edited excerpts from a chat ahead of UBS India Summit:

IPO launch last week, the shares of food delivery company Swiggy will debut on the exchanges on Wednesday. Ahead of the listing, the company's shares are trading with a GMP of Rs 1 in the grey market, indicating a 0.26% premium over the issue price. The IPO, which was subscribed just over 3 times, was priced at Rs 390 at the upper end. The subscription response for the IPO was sluggish despite being the second-largest e-commerce and food delivery player.

NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.

«Improved efficiency in collections over the next few quarters should positively impact asset quality, leading to reduced provisioning needs and boosting bottom-line growth, ROAs, and ROEs. Therefore, within the NBFC sector, microfinance is not advisable at this moment, but qualitative stocks like Chola are worth considering,» says Mayuresh Joshi, Head Equity, Marketsmith India. Suffice it to say, it's a big avoid for MFI right now? Mayuresh Joshi: Yes, and with regulatory concerns still looming, there is always a risk that potential regulatory actions could cast doubts on how these balance sheets might evolve, especially in terms of earnings if restrictions are imposed. Within this space, however, some housing finance companies have performed well. At Marketsmith, we focus on leading stocks, so within the broader NBFC universe, particularly from a rural discretionary spending perspective, Chola Investment and Finance could be a strong option. Our analysis suggests that Chola’s exposure, its strong parentage, and its capital adequacy, reflected in Tier I ratios, point to decreasing asset quality pressures as the rural economy strengthens. Improved efficiency in collections over the next few quarters should positively impact asset quality, leading to reduced provisioning needs and boosting bottom-line growth, ROAs, and ROEs. Therefore, within the NBFC sector, microfinance is not advisable at this moment, but qualitative stocks like Chola are worth considering.

Subscribe to enjoy similar stories. Companies across industries are rolling out the red carpet for middle and junior management employees in a bid to both retain top performers as well as attract new talent. Long-term incentives, floating stock units and global postings are being liberally handed out at a time when companies cannot afford big hikes and bonuses.

cryptocurrency, is expected to continue with investors betting on prices to cross $100,000 this year, riding the bullish momentum in the digital currency. It was trading above the $84,500 mark at press time.

Is buying Bitcoin and other cryptocurrencies legal in India? Yes. Investors can buy Bitcoin and other cryptocurrencies from government registered exchanges in India. However, it cannot be used as a currency and is only an investment product.

Retail investors used the sharp dips in the market in October to add to both their lump sum equity mutual fund schemes and systemic investment plans (SIP), taking both to record highs. Investors bought equity funds worth ₹41,887 crore in October, the highest ever in a month, compared to ₹34,419 crore in September. SIP purchases amounted to ₹25,323 crore, up from ₹24,509 crore in the previous month. Debt funds saw inflows of ₹1,57,402 crore, largely from overnight and liquid funds. Strong flows and an increase in stock market valuation took the total average assets under management of the industry to ₹68.5 lakh crore, against ₹68 lakh crore in the previous month. «We have seen heightened volatility in markets with FIIs (foreign institutional investors) selling due to major global events, including the US elections. The healthy net flows is a testimonial to the resilience amongst domestic investors to continue investing in equities despite market volatility,» said Akhil Chaturvedi, executive director, Motilal Oswal Mutual Fund.

Tom Cruise’s upcoming movie, Mission: Impossible 8, now titled The Final Reckoning, has revealed its first trailer and official release date. The film, originally intended as a follow-up to Mission: Impossible – Dead Reckoning, is scheduled to premiere in May 2025.

The Associated Press reported that, Donald Trump is also aiming to fire several disloyal employees to reshape the federal government and significantly Special Counsel Jack Smith who had indicted him and punish those involved in the legal cases. Adding on to that Donald Trump has also asserted his intentions of pardoning the individuals who were convicted for their roles in the Capitol Riot which took place on January 6 while he claims that many people are wrongfully imprisoned. Also Read: America’s Sweethearts: The Dallas Cowboys Cheerleaders Season 2: Everything we know so far

Sex Lives of College Girls" is releasing in November. HBO and Max will stream the popular show in the US, as per a report. HBO and Max have a list for upcoming releases. The list also features «The Sex Lives of College Girls» «The Sex Lives of College Girls» will be streaming on HBO and Max from November 21.

personal loan, credit card and microfinance (MFI) portfolios, Indian banks are slashing credit card limits and restricting pre-approved personal loans. Some of the lenders have also reduced loan-to-value (LTV) ratios on mortgage loans, bankers told ET. «We have identified stress segments in our unsecured portfolio based on customer segment, geographies, credit scores and sectors that are showing signs of trouble,» said the retail head of a private sector lender. «We have reduced risks in these segments by lowering credit card additions, reducing credit card limits, lowering LTV and keeping away from segments which have thrown up high risk.» Several lenders said that they now prefer offering loans to customers with credit scores of more than 750 from a cap of 720 seen prior to the onset of stress. Banks are also keeping a very close watch on days past due (DPD), where collection machinery gets triggered at day zero DPD.

Taylor Swift, the renowned singer recently showcased her polite demeanor when she eventually corrected a security guard at the Arrowhead Stadium while she was attending a game of Kansas City Chiefs to support her boyfriend Travis Kelce, reported Life & Style. According To Life and Style, as Taylor Swift arrived, the security guard instructed the photographers to ‘stay back’ which eventually prompted Taylor Swift to interject with a friendly, ‘stay back, please’ while smiling as captured in a video shared on social media. Also Read :Milestone in January: Donald and Melania Trump's 20th wedding anniversary is 5 days after his inauguration; here's what you need to know about their 2005 Palm Beach wedding

January 2025, Donald and Melania Trump will commemorate a significant milestone: 20 years of marriage, and he also assumes office for a second term in that same month, as quoted in a report by The Palm Beach Post. Monday, January 20, 2025, will be his inauguration day. Five days later, Donald and Melania Trump celebrate their twentieth wedding anniversary. Twenty years ago, Melania Knauss, a professional model, and Donald Trump were in the process of organizing their extravagant wedding in Palm Beach, Florida. The wedding had taken place at the Episcopal Church of Bethesda-By-the-Sea, and the reception was held in his private club's brand-new Donald J. Trump Ballroom.