Experts Financial News

home/flat/apartment/bungalow, etc you have to pay a booking amount before finalising the deal. It is intended to put some cost to cancellation of the deal because backing out creates problems for the builder and the home buyer. For the builder, it means he/she has to spend resources again to find a new buyer. For the home buyer, it means he/she may lose out on the booking amount which was initially given to the builder for booking the said home. So, what happens if a buyer has to cancel the booking due to an unavoidable reason? As per an ET Wealth Online report last week, a similar incident happened when a home buyer backed out of the purchase deal, and the builder forfeited the entire Rs 5 lakh that was given as a booking amount. Read more about how MahaRERA rescued this buyer.

Stock market today: After the announcement of strong Q4 results 2024 on Saturday, Yes Bank shares witnessed strong buying in early morning deals on Monday. Yes Bank share price today opened upside at ₹27.50 apiece on NSE and went on to touch an intraday high of ₹28.55 per share within a few minutes of the stock market's opening bell, logging to the tune of an 8 percent intraday rise on Monday.

Stock market today: After the profit-booking trigger on Friday, the Indian stock market snapped its five-day winning streak in the previous session. The Nifty 50 index lost 150 points and closed at the 22,419 level, the BSE Sensex shed 609 points and finished at the 73,730 mark whereas the Bank Nifty index corrected 293 points and ended at the 48,201 level. However, the broad market continued to rally northward even as the advance-decline ratio remained firm at 1.06:1.

Day trading stocks to buy today: Following weak global market sentiments, the Indian stock market snapped its five-day winning streak on Friday last week. The Nifty 50 index lost 150 points and closed at the 22,419 level, the BSE Sensex shed 609 points and finished at the 73,730 mark whereas the Bank Nifty index corrected 293 points and ended at the 48,201 level. However, the broad market continued to rally northward even as the advance-decline ratio remained firm at 1.06:1.

Initially, when funds reached the RBI’s investment limit in 2022, it was believed to be temporary, with the cap expected to increase soon. However, the cap continues to remain unchanged, having deprived investors of overseas exposure for over two years now. Of the 69 international funds, 26 have been closed in some capacity. Some have been toggling flows intermittently due to limited capacity. The Rs.7,500 crore Motilal Oswal Nasdaq 100 ETF initially paused flows for 3-4 months two years ago, but now remains open, providing liquidity daily based on demand. However, it uses outflows to manage limits and may close at any time. Pratik Oswal, Head, ETFs and Index Funds, Motilal Oswal AMC, points out, “We have some headroom to invest abroad, but we are not encouraging large investors and are giving preference to retail SIP contributions.”

Buy or sell stocks for today: After rising for five straight sessions, the Indian stock market came under profit-booking stress and ended lower on Friday last week. The Nifty 50 index lost 150 points and closed at the 22,419 level, the BSE Sensex shed 609 points and finished at the 73,730 mark whereas the Bank Nifty index corrected 293 points and ended at the 48,201 level.

A Russian “crypto ban’ could roll out as early as September 1, top lawmakers in the country have confirmed.

IMD has forecasted light rainfall on May 2 and 3, which is expected keep the temperatures within this range. The experts have pointed to the El Nino effect and anti-cyclone conditions as the causes behind the intense heatwave in Bengaluru.

ESPNCricinfo. With critics accusing Pakistan Cricket Board chairman Mohsin Naqvi of forcing Pakistan's players to train with the military during the last few days of Ramzan, Naqvi rejected the camp had anything to do with players' injuries. Briefing a press conference, Naqvi said, as quoted by ESPNCricinfo, "Injuries never occur due to fitness training." ALSO READ: Pakistan cricket team to train with army for 10 days to improve fitness: PCB chief Mohsin Naqvi He added, "People have got various theories around how to make players fit.

Alejandro Fonseca stood in line for several hours outside a bank in Havana hoping to withdraw Cuban pesos from an ATM

Indian stock market: The Nifty remained under selling pressure throughout the session as the index failed to sustain above the crucial level of 22500. On the daily chart, a dark cloud cover pattern is observed, indicating a potential bearish reversal. Immediate support is situated at 22300, below which the Nifty could extend its losses towards 22000.

Sundaram Alternates, mentions that India is moving in the direction of North American markets where alternate credit is 75-80% of all risk financing versus exactly the opposite in India. “Proof of the pudding as far as private credit is that the AIF Cat II industry has grown from zero in 2013-14 to ₹6 lakh crores today! The AIF industry as a whole is approx.

UltraTech Cement is expected to report a net profit of Rs 1,962 crore for the quarter ended March 31, 2024 which will be an 18% year-on-year jump over the corresponding quarter of the last financial year according to average estimates of three brokerages. Sequentially the profit is expected to go up by 13%. The revenue from operations for the reporting quarter is likely to remain at Rs 20,057 crore according to the average estimates, which will be higher by 8.50% on the year-on-year basis. On the quarter-on-quarter basis, the revenue for the January-March quarter is expected to go up by 21.26%.

Bajaj Finance and Jio Financial came out mixed, further complicating the question of which stock one should buy between these two. Bajaj Finance reported a decent double-digit rise in profit and interest income year-on-year. Jio Financial, on the other hand, reported a single-digit sequential rise in profit and interest income.

rebounded after two weeks of profit-taking and gained over a per cent. The week kicked off on an upbeat note, buoyed by positive cues from the global markets. However, volatility ensued as the week progressed, with the markets grappling with uncertainties surrounding mixed earnings.

Dommaraju Gukesh is tired. After three weeks of gruelling chess that ended in him becoming the youngest ever Candidates champion, all he wants to do is rest. But ever since he returned home after winning the Candidates – the second most-important chess tournament after the World Championship – celebrations haven’t stopped. Dutifully, he has done everything asked of him with a smile and not said no to anyone. Gukesh took some time out of his busy schedule to speak with BORIA MAJUMDAR. Excerpts You are the Candidates champion at the age of 17. The youngest ever to win the tournament. Has that sunk in yet? Not really. We are longing for some rest and for things to settle down. Once that happens, I think the realisation will sink in. I haven’t really had time to process things yet. When your father came running to give you the news, what was it like? Can you relive the moment once please? I was watching the Fabi-Nepo (Fabiano Caruana vs Ian Nepomniachtchi) match for a while and at one point I got really nervous. So, I stepped outside for a walk with (Polish grandmaster and Gukesh’s trainer Grzegorz) Gajewski. We were chatting when my father came running and said that I had won. It is difficult to describe the moment in words. We were laughing, hugging each other, screaming and doing all sorts of thing. It was the most beautiful moment in my three weeks in Toronto.

Canadian wildfires are back again after creating havoc last summer. The fumes, smoke, and burning eyes and throat were a massive nightmare for US and Canadian residents during the last year. The orange skies and billowing smoke from densely forested terrains are hard to forget and it looks like the same will be back again this year, however, in what magnitude, is explained by wildlife experts, in a report by USA Today. According to the report, The 2023 Canadian wildfires were a record breaker causing widespread damage and fumes, that affected regions of the United States neighboring Canada. However, experts think that this year will not see such a massive widespread of wildfires.

Nifty futures has rolled at around 65 per cent compared to 70 per cent which is lesser with respect to the previous series. The Open Interest (OI) for the new contract is higher by around 2 lakhs with respect to the last month contract implying more long positions, according to Religare Broking. Bank Nifty futures rolled at 74 per cent compared to 87 per cent, lower than the previous month.

1:10 stock split effect: A long-term investor enjoys various other benefits like dividends, bonus shares, buyback of shares, etc. However, some moves by the listed entities don't change the absolute value of investment but they deliver in the long term. A stock split is one such instrument.

Scanpoint Geomatics rights issue 2024: The BSE-listed company Scanpoint Geomatics Ltd has decided to go for the fundraise via issuance of rights. The issue will hit the Indian primary market on 30th April 22024 i.e.

Buy or sell stocks: Despite gold prices snapping its five-week rally in the week gone by, the Indian stock market ended higher last week. Among the frontline indices, the Nifty 50 and the BSE Sensex logged ascended nearly 0.60 percent and 0.75 percent respectively in the week gone by whereas the Bank Nifty index ascended to the tune of nearly 0.95 percent. The broad market indices outperformed the frontline indices.