Experts Financial News

Banks have started raising their fixed deposit rates for general customers and senior citizens both as they are trying to balance their own lending rates and deposit rates after the Reserve Bank kept the key interest rate unchanged for the eight straight time on June 7.  

Modi 3.0 Budget: The Narendra Modi-led NDA government will present next month its first budget of the third term, which began after 72 members from the BJP and its alliance parties took oath as Cabinet and junior ministers. Nirmala Sitharaman’s finance portfolio has not been changed, paving the way for her to present her 6th full-fledged Union budget in July. She also presented the interim budget in February this year ahead of the Lok Sabha polls 2024.

Princess of Wales Kate Middleton has? This is the question that has been asked many times since the Royal Palace announced that the princess is suffering from a life-threatening disease. She as well as Kensington Palace has refused to divulge any information on this issue. But this question has become important after rumors began doing the rounds that Kate Middleton was possibly receiving treatment at MD Anderson Cancer Center in Houston. Kensington Palace has since denied it.

manuscript, over 1,600 years old, has been identified as the earliest known account of Jesus Christ’s childhood. The document had been stored in a library in Hamburg, Germany, for decades and was long believed to be insignificant. However, as per the reports of 'New York Post', two experts have now decoded the text and revealed that it is the earliest surviving copy of the Infancy Gospel of Thomas.

Tessa Virtue and husband Morgan Rielly have been advised to halt the exterior paint job on their Toronto home. Renovations at the home of the celebrity couple were front and centre at the Toronto and East York Community Council meeting on Tuesday.Documents obtained by Global News show a building permit was issued for the heritage property in May 2023.

military capabilities, all while adhering to budgetary constraints.

Bitcoin (BTC) has attracted tech enthusiasts and investors alike, often making headlines with its dramatic price movements. Its journey from trading at just $1 in 2011 to surpassing $73,000 by 2024 has been a rollercoaster of meteoric rises and significant declines. Historically, Bitcoin has been synonymous with volatility, witnessing notable fluctuations in its price over the years. In 2012, it saw modest gains, starting the year around $13 and closing at $732 by the end of 2013. The extraordinary surge in 2017 saw Bitcoin's price skyrocket from around $1,000 to a peak of $19,188 by December. This momentum carried into 2021, smashing previous records as it surpassed $60,000 in April, peaking at $64,895 mid-month, before declining to below $20,000 by mid-2022.

Red Fort attack case has been rejected by President Droupadi Murmu, officials said on Wednesday. This is the second mercy plea rejected by the President after assuming office on July 25, 2022.

The cryptocurrency market is on the run with the help of global economics getting a boost once again. People are looking for safe places to invest where they can get quick returns. Since the beginning of 2024, the top coins have gone beyond the reach of common investors as they create new ATHs. Now that people are looking to invest, there has to be a mid-cap token that can go big.

₹740 crore offering, which opened on Monday, June 10, will end today (Wednesday, June 12). ixigo IPO subscription status is 43.89 times, at 13:51 IST, on the last day of bidding today.Non-institutional investors has been subscribed 79.74 times, retail investors has been booked 40.26 times, and Qualified Institutional Buyers (QIBs) 27.18 times.The initial share sale received bids for 1,92,10,35,578 shares against 4,37,69,494 shares on offer, according to BSE data.Also Read: ixigo IPO day 3: Latest GMP, subscription status to review.

Ashish Kacholia portfolio: In the wake of Modi 3.0 formation in New Delhi and Bihar CM Nitish Kumar's Janata Dal United or JDU being a dominant partner in the NDA government, Bihar-based company Aditya Vision is in focus these days. The multibagger stock, which has delivered a 200 percent return in one year, is under the radar of Dalal Street bulls.

Praj Industries, a leading global biotechnology and engineering company, extended their winning streak for the fifth consecutive trading session on Wednesday as the stock spiked another 6.5% to hit a new record high of ₹658 apiece, surpassing its November 2023 high of 650 apiece.The stock began its upward trajectory after the company released its Q4FY24 earnings on May 30. Over the subsequent 10 sessions, it sustained this bullish trend, resulting in a gain of 30%.Also Read: 5 small-cap stocks including RattanIndia, Lloyds Engineering gave returns up to 12000% in last 5 years; check full listFurthermore, the positive sentiment surrounding the stock was bolstered by the BJP-led NDA returning to power, instilling confidence among investors that the government would uphold its commitment to the Ethanol Blending Program (EBP).

₹45, which is 28.57% higher than the issue price of ₹35. Following a positive debut, the stock was locked in 5% upper circuit.Magenta Lifecare IPO opened for subscription on Wednesday, June 5 and concluded on Friday, June 7.

Also Read: Stock market today: Nifty 50, Sensex end flat; midcaps, smallcaps continue their outperformanceNifty 50 has recovered its election result day losses and is consolidating above the result day’s high. On hourly charts, Nifty 50 is trying to form a cup and handle pattern on which dips towards 23,000 and is likely to get bought into for an upside target of 23,500 / 23,800.

Modi 3.0: After the portfolio allocation in Modi cabinet 2024, the market is expecting the power theme to work in the Indian stock market in the next five years. As Anil Ambanni's Reliance Power share price has been skyrocketing for the last five straight sessions, some observers are guessing whether Anil Ambani's Reliance Power shares would emerge as market leader in Modi 3.0. They are upbeat about Anil Ambani's Reliance Power shares as the company has become entirely debt-free.

₹53 crore for the quarter ending March 31, 2024, increasing 104% from ₹26 crore in the previous year. The gross written premium for the reporting quarter was ₹2,336 crore, an increase from ₹1,955 crore in Q4FY23.

₹150 apiece at a premium of 24 per cent against its issue price of ₹121. Sattrix Information share price was listed at a premium following a stellar subscription to the Sattrix Information IPO.The stock extended its gains further and traded at ₹152 apiece around 10:30 am.

The Nifty future closed positive with gains of 1.90% at 23,334 levels on Tuesday. The India VIX was slightly up by 0.48% from 16.55 to 16.88 levels.

Russian crypto mining firms are continuing to spend big on new projects, with the Bitcoin mining player Intelion unveiling a $135 million AI investment.

«Actually, within the power sector, if you look at the distribution companies, then I would say that they have been simply overvalued. Power Grid romping ahead into the overvaluation territory is clearly visible,» says Mahantesh Sabarad, Independent Market Expert. Will you use this dip as a buying opportunity on the likes of IndiGo and Honasa? Both these companies have very profitable outlook. So, generally a dip should mean that one can take a bite of these companies. But, if I look at IndiGo, you are entering the lean season right now and therefore one needs to be a little careful when it comes to the airline stock. As far as Honasa is concerned, they are in for a little tough competition ahead. So, one would rather wait out what the management would like to say post these dips, post these equity changes, etc, to really make more sense of it. As it is the overall market seems to be a little shaky right now and therefore we might have an effect on these two stocks.

₹2.11 trillion Reserve Bank of India dividend, up 141% from the previous year. The Centre had set a fiscal deficit target of 5.9% in FY24, 5.1% in FY25 and 4.5% in FY26. It revised the target for FY24 in the interim budget in February, only to beat it thanks to higher-than-anticipated receipts and lower-than-estimated revenue spending.