Experts Financial News

Buy or sell stocks for today: Following strong global market sentiments, 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.

Bharti Hexacom IPO: The listing date of the initial public offering (IPO) of Bharti Hexacom Limited has been fixed on 12th April 2024 i.e. today. The mainboard IPO will list on BSE and NSE in the ‘B’ group of securities, the BSE notice says.

In this article

Arax has just taken a massive step to expand its wealth management capabilities with a deal in Texas. The wealth firm announced the incorporation of U.S. Capital Wealth Advisors, a step that elevates Arax’s assets under management to more than $16 billion.

The federal government has announced a series of measures to make it easier for first-time buyers to break into the housing market with changes to the Home Buyers’ Plan and amortizations on some mortgages.

An internal report from Canada’s financial crimes watchdog found that most banking and real estate companies it audited last year are not following the country’s anti-money laundering laws, sparking calls for greater oversight and higher fines.

US Congressman Adam Schiff has tabled a bill proposing tech firms training AI models disclose use of any copyrighted data. It follows criticism from artists and creators on unfair use of their work by tech firms raking in billions. Can this stifle innovation? Mint explains.

tax system, hangs over many non-resident Indians (NRIs), recent migrants, and families who are planning to make the UK their new home. The new tax order, expected to take effect in April 2025, would increase their tax burden, require meticulous planning, and may even make the UK a less attractive country to migrate. Think you check all the immigration boxes? Find out Over the past one month, tax experts and lawyers have been visiting London, exchanging notes with their City counterparts, to find ways to soften the blow.

Join us in Dubai for our flagship gathering, where we’ll unite visionaries, pioneers, and creators to dive into the exciting convergence of AI and Web3. Whether you’re a startup whiz, a savvy investor, or a seasoned executive, you’ll find unparalleled networking opportunities and insights here. It is one event you won’t want to miss.

Also Read: US Fed rate cut unlikely in June as US inflation hots up. What this means for Indian investors and what should they do? Coming to current levels, NSE International Exchange (NSEIX) data suggests that Gift Nifty is trading around 22,582 (up 0.12 per cent) as against the Nifty 50 futures closing of 22,804 on April 10. Gift Nifty is more than 200 points lower which indicates a gap-down opening for Nifty 50 on Friday, April 12.

Multibagger stock: Cellecor Gadgets share price listed on the NSE SME Emerge platform at the end of September 2023. The SME stock had a flat listing as it listed on NSE at ₹92 apiece, against the NSE SME IPO's price band of ₹87 to ₹92 per equity share. Cellecor Gadgets IPO was launched in mid-September 2023 to generate ₹50.77 crore from this book build issue.

Ashish Kacholia portfolio: After climbing to a new peak of ₹458.85 apiece on NSE in the last week of February 2024, Fineotex Chemical share price has remained an ideal sell-on-rise stock of the Indian stock market. However, some experts believe that the Ashish Kacholia-owned stock can give sharp upside movement once it comes out of the base building mode. Market experts said that Ashish Kacholia's portfolio stock has recently given a fresh breakout on the chart pattern and it is looking bullish for the short to medium term.

The Mirror US citing experts, a collision between the two could have “endangered lives". NASA's Deputy Administrator, Colonel Pam Melroy expressed deep concern over the incident that occurred in February 2024.

Q4 results preview: IT sector likely to report muted revenue growth with stable margins; all eyes on FY25 guidance Apart from the key numbers, trends on deal winds, attrition and management commentary on near-term demand will be under focus. Brokerage firm Motilal Oswal Financial Services expects TCS' deal pipeline to remain resilient in the UK regions, but the US and Europe may continue to stay weak. As per Motilal's estimates, TCS may report a 2.2 per cent QoQ growth in constant currency (CC) terms while EBIT margin may be stable, as operational improvements should be compensated by low margins in the India business.

Uttarakhand's serene surroundings of Nainital and Pauri districts, villagers near the Corbett Tiger Reserve are dealing with the challenges of human-animal conflict. In the upcoming Lok Sabha elections on April 19 in Garhwal (Pauri Garhwal) and Nainital-Udham Singh Nagar, one of the major issues is the conflict between humans and big cats. The BJP won both seats in 2019. As the polls approach again, voters are faced with a decision: to boycott or to vote? While some consider boycotting, others are considering the 'None Of The Above (NOTA)' option. The frustration has grown due to what villagers perceive as a lack of government intervention. «Villagers are not inclined to vote for any candidate. Neither our MP nor any MLA has paid attention to our plight,» convener of Sanyukt Sangharsh Committee, Lalit Upreti told TOI.

Mukul Agrawal portfolio: After the beginning of a new quarter, retail investors start scanning the latest developments in the portfolio of ace Indian stock market investors. This exercise helps them know the direction in which the smart money has flown in the recently ended quarter.

₹95 lakh. Can I claim a long-term capital gains exemption for all three properties by investing the capital gains in a single residential house property? Section 54 provides for exemption from long-term capital gains from the sale of a residential house if you invest the indexed long-term capital gains in one residential house within the prescribed period.

SIPs offer a pathway to long-term wealth accumulation and the attainment of financial goals. Kartik Jhaveri, Director of Wealth at Transcend Capital, emphasises the potential for long-term wealth accumulation through mutual fund Systematic Investment Plans (SIP). “SIPs provide investors with the opportunity to tap into the average returns offered by the equity market.

Is China going to default? Fitch cuts rating to negative Also Read: Will India overtake China to become world's economic heavyweight by 2028? Meanwhile, the US consumer price index (CPI) rose 0.4 per cent month-on-month (MoM) and 3.5 per cent year-on-year (YoY), above the Street expectations of 0.3 per cent MoM and 3.4 per cent YoY, according to data released by the Labor Department's Bureau of Labor Statistics on Wednesday, April 10. Core inflation, which the Fed tracks closely, grew 0.4 per cent MoM against the expectations of a 0.3 per cent increase.

US inflation beats Wall Street estimates, rises 0.4% in March; Fed's June rate cut hopes fade away The US CPI data for March marked the biggest gain in six months (since September 2023). Also Read: Fed rate cuts are now a matter of if, not just when The hotter-than-expected US inflation print for March has dealt a serious blow to hopes of Fed rate cuts in June. Experts underscore that US Fed swap markets are discounting the possibility of only two rate cuts this year, compared to the six rate cuts expected at the beginning of the year and three rate cut expectations in March.

Dolly Khanna portfolio: Chennai-based Indian stock market investor Dolly Khanna is known for investing in lesser-known small-cap stocks that tend to outperform the majority of the share market indices. That's why a good number of retail investors and market observers follow ace investor Dolly Khanna's portfolio. They follow the ace investors' portfolio by scanning the latest shareholding pattern of the Dolly Khanna portfolio companies.