Experts Financial News

Gold rate today: Despite the continuous rally in the US dollar rates and the US Treasury yield, gold prices finished higher for the fourth week in a row. The MCX gold rate registered over ₹1,000 per 10 gm on Friday and touched a fresh high of ₹73,461 per 10 gm mark.

Chair of the future - The role of the Chair in climate transition, shared exclusively with Mint, explored the insights of company leadership on climate change, its integration with business strategies, and the potential role of the boards of directors. The participating companies comprised some of the largest public and private Indian corporations, as well as multinationals from sectors including banking, financial services, and insurance, oil and gas, fast-moving consumer goods, and industrial products.

.the BJP is going to be the number one party in West Bengal." Before this, News18 Mega Opinion Poll 2024 also predicted that the BJP, led by Leader of the Opposition Suvendu Adhikari in Bengal, may win 25 out of 42 seats in the state. The poll, meanwhile, indicated that the TMC might get 17 seats. The India TV-CNX poll predictions too were on the same line.

₹2.54 trillion on the NSE. While some experts said investors were spooked by concerns over escalation of the Middle East crisis, a delay in rate cuts by the US, and an amendment to the India-Mauritius tax treaty, others pooh-poohed these concerns and said the correction was expected and healthy. The sectors that saw the highest profit booking were banking, IT, infra, oil and gas, and pharma.

«The exposure of young women and girls belonging to religious minority communities to such heinous human rights violations and the impunity of such crimes can no longer be tolerated or justified,» a statement from the Office of the High Commissioner, United Nations Human Rights, said quoting the experts.

inflation fell below 5% for the first time in five months in March, easing to 4.85% compared with 5.09% in the previous month. On the other hand, industrial output rose in February to a four-month high of 5.7%, data released Friday showed. While inflation declined to a 10-month low in March, experts indicate it is unlikely to deter the Reserve Bank of India from lowering rates anytime soon, as it tracks monsoon and other external factors. “We expect the RBI rate cut cycle to start in August at the earliest. This is contingent on the Fed rate cut cycle starting in June or July. In case the Fed rate cut cycle gets delayed due to adverse US inflation prints, the RBI rate cut cycle could also get delayed,” said Gaura Sengupta, India economist at IDFC First Bank.

Penny stock below ₹5: Despite weak trends in the Indian stock market today, Teamo Productions HQ Ltd share price today witnessed strong buying interest during morning deals. After the announcement of Q4 results 2024 on Wednesday, Teamo Productions HQ Ltd share price today opened upside and went on to touch the 5 percent upper circuit within a few minutes of the stock market's opening bell. The penny stock below ₹5 today opened upside at ₹1.25 apiece on NSE and touched the upper circuit.

Daily Mail reported that the outing was a “very low-key" affair with hardly any “great fanfare". The British publication reported, “He just walked in and through the pub. He appeared to be with Carole Middleton.

Rekha Jhunjhunwala portfolio: Those retail investors who follow Rekha Jhunjhunwala's portfolio, there is a piece of stock market news. The ace Indian stock market investor has booked partial profit in one of its portfolio stocks Canara Bank. As per the shareholding pattern of Canara Bank for the January to March 2024 quarter, Rekha Jhunjhunwala has offloaded her stake in the PSU bank from 2.07 percent to 1.45 percent.

₹50 for each, with a face value of ₹10. Three thousand shares are included in each IPO lot. Five times the face value is the issue price.

Stock Market Today: Markets started on a weak note and slipped further on Friday. The Nifty-50 and Sensex saw sharp cuts of almost 1 % each after having scaled all time highs on Wednesday. While Thursday was a market holiday in India, Nifty had scaled all-time highs of 22,775.70 on Wednesday as Sensex also hit all time highs of 75,124.28 before it closed above the 75,000 Mark (75,038.15) for the first time in the history.

Uday Kotak of Kotak Bank shows THIS wild card as he warns to be ready for turbulence Two experts - Narendra Solanki of Anand Rathi and Chirag Shah of ICICI Direct - suggest the following six stocks to buy for the next 12 months. As per them, they can give solid double-digit returns in the next one year. Take a look: The company's management focuses on expanding to 4 million tonnes of capacity by the end of FY24 and 5 million tonnes by FY26.

Delhi's Instagram influencers are crossing dangerous lines, risking their lives and others' for a few moments of social media glory. Recent incidents have highlighted the lengths to which some are willing to go, flouting laws and common sense for the sake of likes and followers. Reel-Worthy Risks: Dangerous Antics for Views Driving on pavements, causing traffic jams, and performing stunts in busy streets have become the norm for some of Delhi's Instagrammers. Their actions, aimed at creating captivating content, often endanger public safety.

India VIX, a measure of volatility in Nifty, was reported at 11.36, up 2.29% over Wednesday's closing. Indian equity markets were closed on Thursday on account of Eid-Ul-Fitr (Ramzan Id).

TDS typically at 1% of property value before making payment to any seller. However, there is an exception to this rule which may require you to deduct higher tax deducted at source (TDS) and it is linked to the status of the PAN of the seller. Before buying property, you need to check the status of PAN-Aadhaar linkage of the property seller. This needs to be checked both at the time of paying token money and at the time of making the final payment for the property. Chartered Accountant Mihir Tanna, associate director-direct tax, S.K. Patodia LLP, shares the experience of one of his clients who bought a property.

₹755 per share, 32.5% higher than the issue price of ₹570. On BSE, Bharti Hexacom share price today opened at ₹755.20 apiece, up 32.49% than the issue price.

₹72,678 per 10 gm while MCX silver rate today touched a new high of ₹84,102 per kg within a few minutes of the commodity market's opening bell. Speaking on the reason for the rise in gold and silver rates today, Anuj Gupta, Head of Commodity & Currency at HDFC Securities said, “Gold and silver prices are ascending today as the market is expecting US Fed rate cut after the strong US CPI data released on Wednesday.

Q4 Results Today: A total of four companies are scheduled to release their financial results for the fourth quarter of FY24 (Q4FY24) on April 12. Tata Consultancy Services (TCS), Anand Rathi, Metal Forge India, and Milgrey Finance Investments Ltd are the four companies that will release their earnings for the January-March 2024 period on April 12. India Inc.

‘Looking forward to meeting with PM Modi’: Elon Musk confirms visit to India Tesla share price has jumped nearly 6 per cent this week so far on NASDAQ ahead of CEO Elon Musk's meeting with Prime Minister Narendra Modi. Musk has confirmed that he will be visiting India and meeting PM Modi amid buzz that EV (electric vehicles) maker Tesla is finally scouting for land to set up a factory in the country. Tesla share price closed 1.65 per cent higher at $174.60 in the previous session.

TCS Q4 Results Preview: Revenue, PAT may see modest growth; commentary on near-term demand key monitorable In Q3FY24, TCS reported a 4 per cent year-on-year (YoY) rise in its consolidated revenue. In constant currency (CC) terms, the company's revenue rose 1.7 per cent YoY.

Day trading stocks to buy today: On account of strong global market sentiments despite the global rating agency Fitch downgrading its outlook for China, the Indian stock market ended higher on Wednesday. Two out of three benchmark indices — the Nifty 50 and the Bank Nifty — climbed to a new peak of 22,775 and 49,057 respectively. The Nifty 50 index had the highest-ever closing of 22,753 as well.