Experts Financial News

Also Read: Bulls to reign on D-Street after exit polls predict 350+ for BJP; Experts peg Nifty upside at 23,400+ for June 3Domestic equity benchmarks Sensex and Nifty 50 experienced pressure and lost nearly two per cent amid mixed signals. The tone was negative from the start as participants were in profit-taking mode after two weeks of gains.

The term “Ozempic babies” is taking social media by storm as a growing number of women have shared their stories of getting pregnant after using the popular weight-loss drug.

Dato Joey Yap has revealed that these signs will affect people in June 2024, as each Chinese zodiac animal, from Rat to Ox, will uniquely leave its impression, reports 'Express'.

Also Read | Delhi residents chase water tanker amid severe water crisis & heatwaves The experts also recommended that the Surface Instrument Division in Pune examine and calibrate the AWS temperature sensors periodically for all the AWS. It also recommended a Factory Acceptance Test in different temperatures and routine maintenance of the AWS installed nationwide.“If possible, a third-party audit should be done to authenticate the data quality of AWS.

Donald Trump was found guilty in all 34 felony charges in the hush money trial, this question has been looming large on the US political system. Manhattan Court Justice Juan Merchan will pronounce the quantum of the sentence on July 11. Donald Trump faces a possible maximum of four years imprisonment for each of the 34 counts against him.

astro tourism campaign "Nakshatra Sabha" was inaugurated at the George Everest peak in Mussoorie on Saturday. The venue of the event, George Everest Peak is a major tourist attraction in Mussoorie which offers spectacular views of the snow-clad Himalayan peaks and the Doon Valley.

exit polls are flashing a clear advantage to the Bharatiya Janata Party (BJP) led NDA faction, top voices on Dalal Street see a continuation of reform policies in Prime Minister Narendra Modi's third term. They expect the government's focus on infrastructure, defence, railways and other sectors to continue. According to the poll-of-polls, the National Democratic Alliance (NDA) is projected to secure over 350 seats out of the 542 contested, spanning seven phases over 48 days.

is working on a complex deal to be agreed on Sunday that will allow the group to extend some of its deep oil production cuts into 2025.Also Read: Built-in capacity to targets: Why OPEC+ members clash over oil production capacity—ExplainedThe group is currently cutting output by a total of 5.86 million barrels per day (bpd), equal to about 5.7 per cent of global demand. The cuts include 3.66 million bpd by OPEC+ members valid through to the end of 2024, and 2.2 million bpd of voluntary cuts by some members which expire at the end of June.Despite deep production cuts Brent crude prices are trading near their lowest this year at $81 per barrel, down from a peak of $91 in April, pressured by elevated stocks and concerns over the global demand growth.The Paris-based watchdog International Energy Agency (IEA) had lowered its forecast for 2024 oil demand growth, widening the gap with OPEC+ in terms of expectations for this year's global oil demand outlook.

Nifty futures has rolled at around 72 per cent compared to 65 per cent which is slightly higher with respect to the previous series. The Open Interest (OI) for the new contract is higher by around 20 lakhs with respect to the last month contract implying more short positions.Bank Nifty futures rolled at 68 per cent compared to 74 per cent, lower than the previous month. Bank Nifty futures have seen anaddition of OI of around 5.6 lakh with respect to the last month.

A strategy one can really take or look at is trying to diversify your portfolio as much as possible because post-elections, whenever the new government starts to form, there will be new policy directions that you can see, says Mahantesh Sabarad, Independent Market Expert. Earlier this year, we had experts join us and tell us that the election seemed to be a non-event of sorts because the Street had predicted what the outcome was going to be like. But over the last couple of sessions, we have seen that it is safe to say this is nowhere near a non-event because the kind of volatility that we have been seeing across the market is too high. Tell us what your strategy would be going ahead, at least into next week. How does one position their portfolio in order to shield from the volatility that we could see on the 4th of June?

mutual funds tells you in how many years will your investments take to double, while Rule 114 helps you know in how many years will your investments take to triple. In this rule, an investor takes the number 114 and then divides it by the investment product's rate of return to achieve this. In other words, in this rule you divide 114 by the rate of return to find out the number of years. For example, if with a 6% return your investment amount will take 19 years to triple. Tripling your money might look like a long-term goal, but understanding this rule can help an investor set goals and make smart decisions.

Also Read: Stock market holidays in May 2024: NSE, BSE to remain closed on these days; check list hereVoting for the seventh and final phase of the Lok Sabha Elections 2024 has started today, Saturday, June 1. The candidates running for 57 seats in seven states and one Union Territory, including Prime Minister Narendra Modi, will be decided upon.Seventh phase voting is underway today in the following states: Punjab (all 13 seats), Uttar Pradesh (13 seats), West Bengal (9 seats), Bihar (8 seats), Himachal Pradesh (all 4 seats), Jharkhand (3 seats), Odisha (six seats), and the one seat in Chandigarh Union Territory.Also Read: Lok Sabha Election Phase 7 Voting Live Updates: Polling begins in 57 seats; PM Modi, Kangana Ranaut in frayTogether with the Lok Sabha elections, Odisha is also holding elections for 42 assembly seats.

recently made it mandatory for medical insurance firms to authorise cashless hospitalisation within 1 hour of a request being made, and within 3 hours for a final approval at discharge. The new rules are to be implemented by 31 July.This, however, is unlikely to ease the plight of policyholders, say industry experts.For one, according to several experts Mint spoke with, hospitals spend much time in processing medical bills and sending them to insurers.“If there is a delay of 12 hours after the treating doctor gives a go-ahead for discharge, hospitals will have taken 8 hours and insurance companies the rest," said Dr. Prashant Mishra, a Mumbai-based cardiac surgeon.The other significant challenge arises when insurance companies seek additional information from hospitals.“The tariffs for many surgeries are fixed in packages.

fiscal deficit at 5.6% of gross domestic product (GDP) in FY24, beating revised estimate of 5.8% on the back of improved resource mop-up and curtailed revenue expenditure, putting it on track to adhere to the glide path. In absolute terms, the FY24 fiscal deficit stood at ?16.54 lakh crore, down from the revised estimate of Rs 17.35 lakh crore and FY23 level of Rs 17.38 lakh crore, showed the official data released on Friday. A lower-than-anticipated deficit in FY24 and a generous surplus transfer by RBI earlier this month make the government's goal of reining in fiscal gap at 5.1% of GDP in FY25 seem more realistic now, experts said. Total Receipts Hit Rs 27.89 Lakh cr

set to increase interest-free loans provided to states as part of its FY25 budget plans, sources familiar with the discussions told Mint’s senior assistant editor Rhik Kundu. Introduced during the pandemic to support state-driven growth and reforms, these loans have steadily grown from ₹12,000 crore in FY21 to an estimated ₹1.3 trillion in FY24.

RBC Wealth Management has expanded its high-net-worth advisory presence in the East Coast with the addition of a former JPMorgan team in New Jersey.

Ongoing anti-money laundering probes at TD Bank and penalties levied at other Canadian financial institutions aren’t likely to have a material impact on banking customers, experts say, though the regulatory crackdown could have implications for investors and the banking sector long-term.

Federal health regulators are set to review the first request to approve the mind-altering club drug MDMA as a treatment for PTSD

Lok Sabha Elections 2024 trading strategy: Is Nifty 50 set to scale new heights after poll results?Here are the five key factors set to influence the Indian stock market in June:All eyes are on the results of the Lok Sabha election 2024, which is expected on June 4. Exit polls will start coming after the final phase of the seven-phase general election on Saturday, June 1.

Also Read: IPO Boom: 57% of SME issues saw over 100% subscription in 2024, HOAC Foods leads pack; check top performersAnalysts believe that the rise in IPO activity has been driven by the strong economic development, rising Indian stocks, and consistently exceeding expectations of company earnings, which encourages more companies to go public. The IPO market has benefited greatly as a consequence, and new –age companies like Tata Capital, Hexaware, Ola Electric, and Swiggy are lining up for their 2024–2025 public market debuts.“The primary market witnessed 30 mainboard IPOs till May this year.

health insurance policies, premiums for health insurance policies may see a significant jump in the near future. It is worth noting that the Insurance Regulatory and Development Authority of India (IRDAI) removed the age bar recently to buy health insurance. This means individuals can buy new health insurance even after 65 years of age.