Experts Financial News

North Korea flew hundreds of trash-carrying balloons toward South Korea in one of its most bizarre provocations against its rival in years, prompting the South's military to mobilise chemical and explosive response teams to recover objects and debris in different parts of the country. The ballooning campaign came as North Korean leader Kim Jong Un urged his military scientists to overcome a failed satellite launch and continue developing space-based reconnaissance capabilities, which he described as crucial for countering U.S. and South Korean military activities, state media said Wednesday. In his first public comments about the launch failure, Kim also warned of unspecified «stern» action against South Korea over an exercise involving 20 fighter jets near the inter-Korean border hours before North Korea's failed launch on Monday. In a speech Tuesday, Kim called the South Korean response «hysterical insanity» and «a very dangerous provocation that cannot be ignored,» the North's official Korean Central News Agency said Wednesday.

Stock market today: PNB Housing Finance share price witnessed heavy selling in the early morning session. PNB Housing Finance share price today opened downside at ₹744 apiece on NSE and touched an intraday low of ₹724 per share, recording an intraday loss of nearly 8 percent in the morning session. However, the housing finance share witnessed some bottom fishing and recovered some lost ground during the noon session.

Novelis IPO: The initial public offer (IPO) of Novelis, with a fixed price band for its public issue, presents a promising opportunity. The US subsidiary of Hindalco Industries Ltd has set the Novelis IPO price band at $18 to $21 per share.

Is the Indian stock market fairly valued or overvalued? Experts weigh in"The nervousness in the market continues with uncertainty regarding the election results. An important sustaining trend during this uncertain phase is the continuous buying by DIIs (domestic institutional investors), which has reached around ₹45,000 crore so far this month.

₹72,320 per 10 gm mark. Today, COMEX gold prices oscillate around $2,358 per troy ounce in the international market. This trend is in line with the recent upward movement in gold prices, which have been on a steady rise since [specific date].

market is likely to trade lower on Wednesday tracking muted global cues. The Nifty future closed negative with losses of 0.25% at 22,925 levels on Tuesday. India VIX was up by 4.36% from 23.19 to 24.20 levels.

Mirroring the weakness in global markets, Indian headline indices opened lower for the fourth consecutive session on Wednesday as investors cautiously await U.S. inflation data due this week for clues on the Federal Reserve's interest rate trajectory. Selling was seen across all sectors. The BSE Sensex was trading 315 points, or 0.42, lower at 74,857. The Nifty50 was down 103 points, or 0.45%, trading at 22,785 around 9:20 am.

Stock Market News: Tuesday was the third consecutive day that the domestic stock indices, the Sensex and Nifty 50, finished lower due to profit-taking in capital goods, energy, and power stocks as well as nervousness around the election outcomes. India VIX spiked to 2-year high at 24.14.Following a day of fluctuation between gains and losses, the 30-share BSE Sensex closed at 75,170.45, down 220.05 points, or 0.29%.

Stocks to buy or sell: Following weakness in the global market, the Indian stock market concluded lower for the third consecutive session on Tuesday. All three frontline indices remained highly volatile throughout the Tuesday session and ended lower. However, the Nifty 50 index sustained above the crucial support range of 22,750 to 22,800.

Stock market today: Following weak global cues, the Indian stock market ended lower for the third straight session. The Nifty 50 index, which represents the performance of the 50 largest and most liquid Indian companies, went down 44 points and closed at 22,888, whereas the BSE Sensex, which is a benchmark index of the Bombay Stock Exchange, shed 220 points and closed at 75,170.

Buy or sell stocks for today: Following weak global cues, the Indian stock market ended lower for the third straight session. The Nifty 50 index went down 44 points and closed at 22,888, whereas the BSE Sensex shed 220 points and closed at 75,170.

Cote De Pablo and Michael Weatherly are back in action and will be teaming up to host Off 'Duty: An NCIS Rewatch'. This will be a new weekly video podcast on Spotify. This podcast will be launched on June 4 and will take the fans down some special scenes, off-screen fun and more. It will carry the story of these two leading characters. Cote De Pablo is known for her role in the character of Special Agent Ziva David who is a former Mossad Agent turned NCIS officer. She is known for her intelligence and expert combat skills. This captivated the audience right from her introduction in Season 3 until her departure in Season 11.

One Person, One File" (OPOF) mass surveillance program represents an escalation of China's efforts to create a ruthless digital censorship. Under this prospective system, Shanghai aims to triple its deployment of facial recognition cameras, compiling exhaustive personal data files on every single resident, China experts told ET. It encapsulates the Chinese Communist Party's remorseless efforts to strangle human freedom through Orwellian levels of technology-enabled social control. OPOF is more than just another Benthamite panopticon surveilling the watch. It is an attempt to construct an omniscient digital surrogate for every Chinese citizen — an individualized file encoding each person's relationships, activities, behaviors and very existence into ones and zeroes for the Party's domineering oversight, according to China experts

Also Read- FPIs continue to dump financials, IT, FMCG shares in May. What lies ahead?The asset allocation strategy should be based on factors like goals, horizon of investment, risk appetite and liquidity requirement.While investing we need to build a strategy with the right asset mix based on our risk appetite to meet our goal.

Indian stock market: On Tuesday, May 28, the Indian stock market remained under pressure, with the benchmarks—the Sensex and the Nifty 50—closing in the red for the third straight session.The Indian stock market has experienced significant volatility this month due to substantial foreign capital outflows driven by election-related caution. The market has fluctuated between gains and losses, influenced by a lack of new catalysts, high valuations, and mixed global signals.Also read: Stock market today: Sensex, Nifty 50 fall for 3rd consecutive session; investors lose nearly ₹3 lakh crore in a day“We maintain our positive bias and expect Nifty to head toward our earmarked target of 23400 in the coming weeks.

According to a report by City AM today (28 May), a spokesperson for the party said it has no plans to drop the GB ISA, as Labour focuses on getting people to save and invest, with the different types of ISAs a key area. Rachel Griffin, tax and financial planning expert at Quilter, said this gives Labour the opportunity to «drastically improve» the Conservatives' GB ISA plans introduced in the 2024 Spring Budget. The proposals, which are under consultation until 6 June, set out that the GB ISA will provide an additional tax-free £5,000 to the current annual ISA allowance of £20,000, to...

Shakti Pumps, the country's leading manufacturer of solar pumps and motors, have been on an upward roll over the last 13 months, producing a stellar performance and significantly enhancing shareholder wealth in a relatively brief timeframe.The company, primarily focused on the production of pumps and motors of various types, has witnessed a consistent uptrend in its stock price since April 2023, starting at ₹404.40 and currently trading at ₹2,492, yielding an impressive return of 515%.This outstanding growth is largely attributed to Shakti Pumps' substantial order wins and strong financial performance, instilling investor confidence and driving the stock price to unprecedented levels. On March 22, the stock reached a new pinnacle, touching an all-time high of ₹2,955 apiece.Also Read: Mauritius-based FII buys stake in this small-cap stock during Q4FY24Zooming out, the stock's long-term performance has been even more impressive as it registered a remarkable gain of 1694% over the last four years.Recognised as a leading domestic manufacturer in the Indian pump industry, Shakti Pumps holds a dominant market position with a 26% share in the domestic solar pump market under the PM KUSUM scheme - an initiative to transform the Indian agriculture sector.The company boasts a diversified customer base comprising government entities, solar original equipment manufacturers (OEMs), and industries, ensuring a low customer concentration mix, with over 1 lakh pumps installed, according to the company's recent exchange filing.

₹57 and ₹60 per share. Each lot in the Beacon IPO is worth 2,000 shares.50% of the net offer is allocated to qualified institutional buyers (QIBs), 35% to retail investors, and 15% to non-institutional investors as equity shares in the initial public offering (IPO).

commerce ministry held deliberations with experts, former officers and senior officials from different departments on framing a standard operating procedure for free trade pacts and other related issues under these agreements, an official release said on Tuesday. The commerce ministry in the release stated that the 'Chintan Shivir' was organised on May 16-17 at Neemrana, Rajasthan. «The Shivir facilitated discussions on various issues related to negotiations of Free Trade Agreements (FTAs) by India, its position and strategy that should be adopted for such negotiations,» the ministry said. The participants also deliberated on standard operating procedures (SoP) for FTA negotiations, capacity building and resource management for trade negotiations as well as certain contemporary issues under modern FTAs such as labour, environment, and gender.

Rail India Technical and Economic Service (RITES), shares of which have grown 185% in the last 2 years, today declared a dividend of Rs 5 per share along with its Q4 results. “This is to inform that the Board of Directors of the Company at its meeting held today i.e. 28th May, 2024 has inter alia, considered and recommended a Dividend of Rs. 5.00/- per share (i.e. 50%) on 24,03,01,887 equity shares of face value of Rs. 10 /- each of the Company for the financial year 2023-24, subject to the approval of the same by the Shareholders in the ensuing 50th Annual General Meeting of the Company,” said RITES in a filing to the exchanges.

₹35,000 crore in May so far. This move is attributed to multiple factors, including high valuations in the Indian market, a shift in investment focus towards China and Hong Kong due to their comparatively lower valuations, delays in anticipated interest rate cuts by the US Federal Reserve, rising US bond yields, heightened tensions in the Middle East, and the strength of the US dollar.Despite these significant outflows, the Indian stock market has displayed remarkable strength and resilience.