Experts Financial News

US Federal Reserve are fueling a record-breaking rally in precious metals. The precious metal could gain by another 10-15% from current levels, said experts. Silver contracts, which have risen by more than a tenth in a week, touched a lifetime high of ₹82,109 per kilogram on the MCX on Monday. Both gold and silver trying to breach their multi-year highs indicates that a bull market is in force for precious metals, and historically, silver has outperformed gold in such situations, said Sahil Kapoor, market strategist at DSP Mutual Fund. «Conditions are favorable. A breakout is happening after many years, and if you have already allocated to silver, stay put, and if not, you should allocate and wait,» he said. While the precious metal typically moves in tandem with gold prices, it also takes cues from base metal prices because of its usage across several industries including electronics, batteries and semiconductors. Base metal prices have seen a recent rally following encouraging manufacturing data from China. «Middle East tensions and China's heavy buying drove silver's demand, pushing prices up. Meanwhile Fed's Powell last week hinted at cautious rate cuts, influencing silver's long-term bullish outlook,» said Naveen Mathur, director for commodities and currencies at Anand Rathi Shares and Stock Brokers. The demand for silver is expected to grow 1% globally to 1.2 billion ounces in 2024, while supply is seen rising 3% to 1.02 billion ounces, the Silver Institute said in a report earlier this year.

Reliance Jio and Bharti Airtel, India's top two telecom operators, are set to report modest sequential growth in their fiscal fourth-quarter India mobile revenue, supported mainly by strong broadband user additions in the absence of tariff hikes, analysts said. Vodafone Idea (Vi) is likely to report a sequential dip in its March-quarter revenue, stung by continued heavy customer losses. Jio and Airtel, though, are likely to report flattish operating margins, weighed down by higher 5G-related costs, the analysts said.

MUMBAI : Banks in India struggled to attract deposits in 2023-24 even as credit growth turned stronger. Data from RBI showed the credit-deposit ratio at its highest in at least 20 years as loan offtake rose across categories including home loans and other loans for consumption. At 80%, the credit-deposit or CD ratio is at its highest since 2005, from when this ratio is available, showed data from RBI.

The upcoming Bitcoin Halving in 2024 has the Crypto community excited. As this important event draws closer, traders worldwide are strategising about how to best capitalise on the expected volatility and price action. 

London, focused on product development and research. The unit will be led by Mustafa Suleyman, the London-born cofounder of Google DeepMind, who Microsoft hired last month.

Google parent Alphabet's contemplated acquisition of marketing software company HubSpot would likely spark opposition from regulators even as many experts agree it would not curb competition, and would require the technology giant to open a new front in its battle with antitrust watchdogs. Reuters reported last week that Google was mulling an offer for HubSpot, which has a market value of $34 billion. Google has been weighing the antitrust risks of a potential deal and has yet to decide if it will make an offer.

NEW DELHI : The coming together of Walt Disney and Reliance Industries is set to drive consolidation in India's streaming landscape as smaller, regional-language platforms explore merger and acquisition opportunities (M&A) to avoid getting crushed by a much larger entity that will potentially dominate the OTT ecosystem, experts said. The big challenge for M&As at the moment, however, remains arriving at a price point that parties can agree upon, given that even smaller players have hit a ceiling with paid subscriptions, but believe they have a valuable offering because of their targeted approach, a claim that may not always work for bigger entities that are themselves looking to expand their reach.

Solana meme coins are the most talked about coins in the crypto ecosystem right now. As the bull market begins to take shape, investors are constantly in search of the best projects to assure them of profit in the long run. 

Breakout stocks: Amid Bank nifty index rising for the four straight sessions, four banking stocks listed in the index have given breakouts either on a closing basis or daily. According to stock market experts, those four breakout stocks listed in the Bank Nifty index are HDFC Bank, Kotak Mahindra Bank, ICICI Bank, and IndusInd Bank. They said that the market has taken an interest rate cut cue from the RBI monetary policy as the RBI Monetary Policy Committee is waiting for the US Fed to initiate a rate cut.

Stock to buy before Q4 results 2024: Shares of Tata Consultancy Services (TCS) witnessed sharp selling after Tata Sons stake sale news hit the headlines in mid-March 2024. However, TCS share price witnessed strong buying at lower levels ₹3840 to ₹3850 per share. After ending at ₹3,840 apiece on NSE on 27th March 2024, TCS share price has been ascending after every small profit-booking.

Hindustan Times. In the order, which was passed on March 21, and was uploaded recently, the bench formed an expert committee to suggest ways to balance two objectives, ie the protection of the critically endangered bird without hindering solar and wind projects in Rajasthan and Gujarat, which are an essential part of India's effort to achieve sustainable development goals.

artificial intelligence and deepfake technology to influence the electorate and mislead the public. Prime Minister Narendra Modi, in a recent conversation with Microsoft cofounder Bill Gates, highlighted the dangers of deepfake videos, saying important measures should be taken while using AI in the tech era.

Deposit growth, too, has gathered pace on the back of aggressive competition, a push for deposits, and competitive TD rates offered by banks. As a result, the gap between credit and deposits narrowed to 3.4% in March 2024.

The smell comes from a concoction of cow urine, an unrefined sugar known as jaggery, and other organic materials that act as fertilisers, pesticides and bad weather barriers for his corn, rice, leafy greens and other vegetables on his farm in Guntur in India's southern Andhra Pradesh state. The region is frequently hit by cyclones and extreme heat, and farmers say that so-called natural farming protects their crops because the soil can hold more water, and their more robust roots help the plants withstand strong winds. Andhra Pradesh has become a positive example of the benefits of natural farming, and advocates say active government support is the primary driver for the state’s success. Experts say these methods should be expanded across India's vast agricultural lands as climate change and decreasing profits have led to multiple farmers' protests this year. But fledgling government support across the country for these methods means most farmers still use chemical pesticides and fertilisers, making them more vulnerable when extreme weather hits. Many farmers are calling for greater federal and state investment to help farms switch to more climate change-proof practices.

Central Board of Direct Taxes (CBDT) has decided to increase the scope of theIncome Tax Department in filing of appeal cases in tribunals and courts. It has been directed by CBDT via a circular dated March 15, 2024, that the tax department can now file appeals with income tax tribunals and courts without considering the tax effect amount for certain specified cases based on the merit of the case. Among the specified cases, one is about penny stocks which falls under the category of cases involving organised tax evasion including cases of bogus capital gain/loss through penny stocks and cases of accommodation entries. «Monetary limits given with regard to filing appeal/SLP shall be applicable to all cases including those relating to TDS/TCS under the Act with the following exceptions where the decision to appeal/file SLP shall be taken on merits, without regard to the tax effect and the monetary limits,» said CBDT in its circular dated March 15, 2024.

Stock market today: On account of weak global cues, the Indian stock market ended flat on Friday last week. Out of three frontline indices, the Nifty 50 and the BSE Sensex ended flat whereas the Bank Nifty index surged 0.90 percent by adding around 432 points on the previous session. The board market also outshined the Nifty 50 index as both small-cap and mid-cap indices finished 0.50 percent higher on the last session of the week gone by.

Stock market today: Ashok Leyland, ICICI Bank to NCC — 7 buy or sell stock ideas by experts Experts recommend focussing on technically and fundamentally sound stocks for the short term. Based on the recommendations of several experts, below are 12 stocks that one can consider buying for the next three to four weeks. Take a look: On the weekly chart, BEL has broken out of an eleven-week consolidation zone ranging between ₹217 and ₹179.

Day trading stocks, 8 April 2024: Following weak global market sentiments, the Indian stock market ended flat on Friday last week. The Nifty 50 index finished marginally lower at 22,513 level, the BSE Sensex added 20 points and ended at the 74,248 mark while the Bank Nifty index shot up 432 points and ended at 48,493 level.

Also Read | Prince Harry, Meghan lose ‘Royal' title, just part of ‘Hollywood clique’ in US According to Tina Brown, the former editor of Vanity Fair, the news of Charles's cancer has put the Duke and Duchess of Cambridge in a “frightening proximity to ascending the throne." The royal expert said, “The prospect of it, I am told, is causing them intense anxiety," as quoted by the Independent. Also Read | Prince William, Kate Middleton to meet Harry and Meghan soon? Here's what we know The 75-year-old King Charles is currently undergoing treatment for cancer, while the 42-year-old Duchess of Cambridge has been attending engagements when her health permits.

Zaporizhzhia nuclear station was struck by Ukraine on Sunday, the plant's Russian-installed administration said, according to Al Jazeera. It was not immediately clear what weapon was used in the strike on Sunday. The Russian state-owned nuclear agency Rosatom, however, said that it was a drone attack at the nuclear plant, which was taken over by Russian forces shortly after their full-scale invasion of Ukraine in 2022.

XRP and Cardano (ADA) bore the brunt of the market’s volatility in the past week, declining by 7.5% and 12%, respectively. Amid these developments, experts have pinpointed Algotech (ALGT) as the top presale token, leveraging algorithmic trading strategies to maximize returns while minimizing risks.