Experts Financial News

The Nifty future closed positive with gains of 0.38% at 22224 levels. India VIX was up by 11.53% from 18.47 to 20.60 levels.

Buy or sell stocks: Despite a gapdown opening, the Indian stock market demonstrated a significant recovery, closing higher on Monday. The Nifty 50 index concluded 48 points higher at 22,104, while the BSE Sensex ended 111 points higher at 72,776. The Bank Nifty index surged 333 points and settled at 47,754.

Mt Everest in Nepal? It requires an individual to have the highest level of stamina, mental agility and excellent mountaineering abilities. Now, what does it take to climb the mountain 29 times? It is in this regard that, Sherpa Kami Rita has broken his record by climbing Mt Everest for the 29th time. It is his expertise and skills that often lead to others accomplishing their record of having climbed this magnificent mountain. It has been reported by the Associated Press that this feat was accomplished on May 12 at 7:25 am (local time). It has also been reported that Sherpa Rita had climbed Mt Everest, twice last year.

Effects of Music in Exercise and Sport: A Meta-Analytic Review, attempted to quantify the effects of listening to music in exercise and sport. They found that music was associated with significant beneficial effects on physical performance, perceived exertion and oxygen consumption while it had no significant impact on one’s heart rate. The study concluded that listening to music before or during physical activity offers potential benefits for exercisers and athletes.

₹63 and ₹67 per equity share with a face value of ₹10 each. The lot size for the Premier Roadlines IPO is 2,000 shares. A minimum of 2,000 equity shares must be applied for, with further shares applied for in multiples of 2,000.

₹67/share. Mandeep Auto Industries' IPO lot size is 2,000 shares. The equity share allocation for the IPO is as follows: non-institutional investors (NII) can pick up to 17,88,000 equity shares, retail individual investors can buy up to 17,90,000 equity shares, and market makers can get up to 1,90,000 equity shares.

Dainik Jagran revealed that Rohit Sharma is considering retiring from the T20 format after the World Cup, and the Board for Control of Cricket (BCCI) wants Hardik Pandya to take over the team's command in the shortest format of the game. The report comes months after Hardik Pandya replaced Rohit Sharma as the captain of Mumbai Indians, which didn't go very well with the fans. The all-rounder faced severe trolling on social media and booing from hostile crowds in the stadium.

3 key reasons why RBI will not cut rates this year: Elara Capital In its last policy meeting in April, RBI Governor Shaktikanta Das highlighted concerns over food price uncertainties even as he expressed optimism that a record rabi wheat production would help ease price pressure. Moreover, the prospects of a normal monsoon are expected to augur well for the kharif season. Brokerage firm Nirmal Bang expects CPI inflation to come in at 4.91 per cent in April 2024.

bias, he says, he would like to eliminate the most if he had a magic wand. But it is built so deeply into the structure of the mind that you couldn’t change it without changing many other things – “Overconfidence” is the most damaging among all, says Daniel Kahneman, the Israeli-American author, psychologist, and economist who is known for his work in behavioural economics for which he was jointly awarded the 2002 Nobel Memorial Prize in Economic Sciences. I have been so fascinated by Kahneman’s writings and the way he explains the complexities of the human mind in decision making, that I decided to write about this Nobel Prize laureate’s tragic demise recently, which has left a void in the field of financial decision making.

AAUM) of northeastern states have grown by 145% from Rs 16,446 crore in March 2020 to Rs 40,324 crore in March 2024. This indicates a growing appetite among investors from smaller towns and cities to invest in mutual funds, according to a report by ICRA Analytics. The share of the northeastern states has increased to 0.73% of the total AAUM of the mutual fund industry and stood at Rs 55.01 lakh crore in March 2024. This has increased from around 0.67% in March 2020, when the industry’s AAUM stood at Rs 24.71 lakh crore. “Though the contribution of these states to the total AAUM of the industry is still small in percentage terms, there has been a steady and consistent growth in mutual fund inflows in these states backed by increasing awareness among people and the growing interest among retail investors for investing in equities through the mutual fund route, said Ashwini Kumar, Senior Vice President and Head Market Data, ICRA Analytics.

Stock market today: Despite weakness across segments on Dalal Street, Indegene share price listed on BSE and NSE at a bumper premium. Indegene share price is listed on BSE at ₹659.70 per share, whereas on NSE, Indegene shares are listed at ₹655 apiece.

demat accounts. Also Read: Upcoming IPOs: 6 new public issues and 12 new listings to keep primary market busy next week; check full list here Individuals who received shares will have their demat accounts credited on Tuesday, May 14. The refund procedure will begin on Tuesday, as soon as the allocation is finalised.

Lok Sabha Election 2024: Market erases nearly ₹10 lakh crore in a week; will the selloff continue after result? Hero MotoCorp has demonstrated a breakout above the medium-term falling channel pattern at ₹4,635 on the weekly chart, suggesting the continuation of an uptrend. During pattern formation, volume activity tends to decline, while at the breakout, there is an increase in activity, indicating an influx of market participation. The stock has established a support base at ₹4,160, holding above the 38 per cent Fibonacci retracement level of the rally from ₹2,900 to ₹4,949, indicating potential medium-term support.

ABB India share price surged over 8% to touch a 52-week high on Monday's session following its March quarter results. ABB India reported a more than 87% spike in net profit to ₹460 crore in the March 2024 quarter, driven by greater revenues. The previous fiscal year's similar quarter earned a profit after tax of ₹245 crore, according to a company's exchange filing.

equity mutual funds turned a monthly investment of Rs 25,000 to Rs 1 crore in a 10 year horizon, an analysis by ETMutualFunds showed. There were around 150 equity schemes that completed 10 years of existence in the market.

demat account will include the shares that are assigned to them. Also Read: Aadhar Housing Finance IPO allotment to be out on May 13. Latest GMP, steps to check application status For those who weren't granted shares, the refund procedure will begin on Tuesday, May 14 On the same day, individuals who were allotted shares will get them in their demat accounts.

Multiple communities in western Canada issued emergency evacuation orders and alerts this weekend due to wildfires, which experts say are more active than expected this time of year.

Indegene IPO: The listing date of the initial public offering (IPO) of Indegene Limited has been fixed on 13th May 2024. According to the official BSE website information, Indegene shares will be listed on the BSE and NSE in a special pre-opening session on Monday, 13th May 2024. Meanwhile, ahead of the Indegene share price debut on the Indian bourses, the grey market, an unofficial market where IPO shares are traded before they are officially listed, has gone highly bullish on Indegene IPO.

Russian energy firms are preparing to “hunt down” private crypto miners and crack down on people mining cryptoassets at home, a report claimed on May 12.

Apple has started FY25 with a bang in India — exports of iPhones made in the country nearly doubled in April to $1.1 billion (Rs 9,000 crore) from $580 million a year ago, according to official data reviewed by ET. April is typically a low-export month as there aren’t too many festive sales in any part of the world during the month, experts said. Based on this, they expect the US giant to achieve the Rs 1 lakh crore export mark in FY25 as India emerges as the firm’s second manufacturing base for iPhones outside China. iPhones are only made in India and China and experts estimate that 14-15% production has shifted to India and is likely to reach 26% by 2026. Apple exports a bulk of its total India production. In FY24, Apple’s total production in India touched $14 billion (Rs 1.2 lakh crore). The company’s exports crossed $10 billion (Rs 85,000 crore). Both these figures were the highest achieved by any company in India till date for a single financial year.

drug regulator has formed an expert panel to evaluate several currently prescription drugs that can be sold over the counter (OTC) after various pharmaceutical companies lobbied the regulator to make their drugs an OTC product, people in the know told ET. The sub-committee, which includes various doctors from the country's top government hospitals, representatives from Indian Council of Medical Research (ICMR), drug controllers from various states, will develop a mechanism for the drugs to be sold OTC, considering globally prevalent regulations and practices. The sub-committee formed last week has been asked to submit the report within three months.