Experts Financial News

₹3.98 lakh crore against nearly ₹3.87 lakh crore at the start of the April series, according to the brokerage firm. Single stock futures rollover stood at 84 per cent in the April series which was lower than its three-month average of 93 per cent. Single stock futures open interest stood at ₹3.59 lakh crore as compared to ₹3.34 lakh crore at the start of the April series, JM Financial said.

M&M shares jumped as much as 5.15% to a new high of ₹2,169.25 apiece on the BSE. The auto major launched the XUV 3XO with prices starting from ₹7.49 lakh for the base MX1 variant. The new compact SUV is likely to compete with the likes of Tata Nexon, Hyundai Venue and Maruti Suzuki Brezza in a highly contested market segment.

Shoppers Stop share price surged over 5% on Tuesday's session following the company's announcement of a 62.55% jump in its consolidated net profit, which came in at ₹23.18 crore for the fourth quarter that ended on March 31, 2024. According to a regulatory filing from Shoppers Stop, the firm reported a consolidated net profit of ₹14.26 crore at the same time last year. Shoppers Stop share price today opened at ₹730.25 apiece on BSE, the stock hit an intraday high of ₹750 and an intraday low of ₹707.35.

JNK India's stock had an impressive debut on the market today. Opening at ₹621 per share on the NSE, it marked a significant 49.63% increase from its issue price of ₹415. Similarly, on the BSE, the stock began trading at ₹620 per share.

₹285, which is 90% higher than the issue price of ₹150. However, following a stellar debut, Varyaa Creations share price was locked in 5% lower circuit. Varyaa Creations IPO kicked off on Monday, April 22 and closed on Thursday, April 25.

₹621 per share, 49.63% higher than the issue price of ₹415. On BSE, JNK India share price today opened at ₹620 apiece, up 49.40% than the issue price. Market experts anticipated JNK India share price to open in the range of ₹500 to ₹520 per share.

Motilal Oswal Financial Services Ltd (MOFSL) is tapping the bond market to raise up to Rs1,000 crore from non-convertible debentures (NCDs). The bond issue, the first of its kind from Motilal Oswal that offers investors interest of up to 9.7%. opened on 23 April and is set to close on 7 May. The issue is secured and redeemable, rated AA/stable by Crisil Ratings and India Ratings. 

I am 28 and earning ₹6 lakh annually. I have term insurance of ₹60 lakh. I also have health insurance of a family floater of ₹5 lakh covering me, my wife and our 3-year-old daughter). Now, I came to know about critical illness insurance. Which aspect should I take care of while purchasing critical illness insurance? Congratulations, at your age, you are well informed about insurance needs.

South Korean crypto holders were warned to declare their overseas crypto exchange holdings – or face a potential “tax bombshell.”

Scorpion Casino, a revolutionary GambleFi project, has made its debut on major exchanges following a successful $10 million presale. This highly anticipated event has garnered significant attention, as Scorpion Casino aims to disrupt the online gambling industry by leveraging blockchain technology and its native token, $SCORP.

Also Read: Stock market today: Sensex, Nifty 50 jump 1% each; mid, smallcaps hit record highs; investors earn about ₹3 lakh crore The positive US tech quarter profits and the decline in the US 10-year yield helped the Indian benchmark indices to recover, according to Vinod Nair, Head of Research at Geojit Financial Services. Due in large part to its impressive fourth-quarter performance, the Bank Nifty excelled domestically. It is anticipated that consistent profits along with a reduction in Middle East tensions would keep the market optimistic.

Also Read: JNK India IPO to debut on the bourses tomorrow; here's what GMP indicates ahead of listing According to Arun Kejriwal, the founder of Kejriwal Research and Investment Services, JNK India share price is likely to list within the range of ₹500 to 520. A robust listing with a 22–25% premium over the issue price of ₹415 per share is possible, according to Prashanth Tapse, Research Analyst and Senior Vice President of Research at Mehta Equities, given the favourable secondary market environment and robust subscription demand on the final day of the issue.

A cybersecurity incident led London Drugs to close all of its stores in western Canada on Sunday until further notice.

Most Canadians — in fact nine out of 10 — say the Canada Pension Plan is an important source of their retirement income and six out of 10 say it’s essential and they can’t do without it.

Pharmacy chain London Drugs Ltd. shut dozens of stores in western Canada on Sunday following a cyber incident.

Investors have recently faced heavy losses in the Cryptocurrency market. The reason for the same being the stagnation in the prices of both Bitcoin and Ethereum which are the market’s leading Cryptocurrencies. 

Ghee has gone viral on social media. Everstone Group director Prashant Desai, in a podcast with YouTuber Raj Shamani, said that Ghee is the best fat burner in the world. «Ghee is saturated fat, but it's not like any other saturated fat. Ghee has such a unique structure, the double bond of carbon. It's a fat burner,» Desai said. Desai said that Ghee reduces the visceral fat of the body. «If you eat ghee with roti, your glucose spike will be much lower. If you are not eating ghee roti, you are doing the biggest disservice to the country,» he said. «I eat four spoons of ghee in my coffee first thing when I wake up,» he added. To prove his point Desai also said that the claims are scientifically proven? He said that he has shared three LinkedIn posts and two videos on ghee.

Tax filing season is coming and just like summer individuals must plan to beat the heat. To avoid last-minute hassles and make sure that tax benefits and claims are correctly reported and documentation is proper, enclosed below is a ten-point checklist. 

Supreme Industries share price: Shares of Supreme Industries continued witnessing strong buying interest on Monday, April 29, as the stock jumped over 8 per cent in morning trade on BSE, buoyed by the company's healthy March quarter result. Supreme Industries share price opened at ₹4,430.55 against its previous close of ₹4402.30 and rose over 8 per cent to hit the day's high of ₹4,758.85 in Monday's trade so far. Around 11:30 am, Supreme Industries share price traded 7.88 per cent higher at ₹4,749 apiece.

base metal are unlikely to gain much from current levels, said experts. Shares of Hindalco, Vedanta and National Aluminium Co ended higher on Friday even as the Nifty Metal index, and benchmarks Nifty 50 and Sensex ended in the red. “Those holding the shares of these companies can continue to do so, but I would not suggest buying these shares at the current levels, except for Vedanta, where investors need to maintain a strict stop loss,” said Aditya Welekar, analyst at Axis Securities. “We are at a level where a large part of the rally has already happened,” he said.

BSE tumbled 19% to Rs 2,612 in Monday's trade on NSE after the Securities and Exchange Board of India (Sebi) asked BSE to pay a regulatory fee to the former based on the annual turnover fee considering «notional value» in the case of the options contract. This is the biggest single-day drop the stock has seen since its listing in 2017. BSE in its filing to the exchanges on Friday stated that the regulator has also asked the company to pay a differential regulatory fee for the past periods with the applicable interest of 15% per annum on the amount remaining unpaid or belatedly paid or short paid for every month of delay.