Experts Financial News

photo shows Kate seated with Princess Charlotte, Prince Louis and Prince George hugging her. The photo was shared on social media. It includes a note from the Prince and Princess of Wales: "Thank you for your kind wishes and continued support over the last two months.

Kotak Institutional Equities finds the recent rally in the PSU (Public Sector Undertaking) space flawed and advises investors to book profit and exit most of their positions. The brokerage firm, in its March 9 report, pointed out that PSU stocks have rallied without any significant change in their fundamentals as well as without any meaningful reforms.

Gold rate today: Gold price on the Multi Commodity Exchange (MCX) is trading flat in the early morning session as investors are awaiting the release of the US CPI data this week. MCX gold rate today opened flat at ₹66,023 and went on to touch an intraday high of ₹66,049 per 10 gm level. However, the precious yellow metal soon came under selling pressure slipped below the ₹66,000 mark, and made an intraday low of ₹65,938 per 10 gm.

Gopal Snacks IPO: Subscription for the initial public offering (IPO) of Gopal Namkeen Limited opened on 6th March 2024 and will remain open till 11th March 2024. This means that bidding for Gopal Snacks IPO is going to end today and investors have just one day in hand to apply for the public issue. The FMCG company has fixed the Gopal Snacks IPO price band at ₹381 to ₹401 per equity share.

One of the most remarkable success stories of the market this year has undoubtedly been about Golden Inu. Born around a year ago, the project started that started as “just another memecoin” is quickly gaining the attention of crypto experts due to the rapid development of its ecosystem.

Buy or sell stocks: Despite strong global cues on a possible US Fed rate cut buzz, the Indian stock market remained range-bound on Thursday last week. The Nifty 50 index added 19 points and closed at the 22,493 level, the BSE-sensitive index Sensex went up 33 points and ended at the 74,119 mark whereas the Bank Nifty index finished 129 points lower at 47,865 level.

general elections shall impact the sales of laptops, desktops and other IT hardware in the first half of 2024 as the government will slow down IT procurement spending, industry experts told ET. In the commercial segment, IT hardware sales in the first half of the calendar year are expected to remain flattish at the year-earlier levels of about 2.9 million units which was already comparatively weak, according to data from market tracker firm International Data Corporation (IDC). When compared to the first half of calendar year 2022, the segment might see a decline of 24%, IDC said. Consumer sales might also follow a similar pattern as sales might drop by 17% to 3.4 million units when compared to the first half of 2022, IDC predictions showed.

The maker of a much-debated drug for Lou Gehrig's disease said it failed to help patients with the fatal disease

Ramadan starts, ANI reported on Sunday citing an Express Tribune report The report said the people of the neighbouring country are already facing a two to three-fold increase in the prices of essential kitchen items like vegetables, sugar, edible oil, ghee, meat, eggs, and pulses. This substantial increase in prices of essential commodities has added to the economic sufferings of low- to middle-income consumers. Experts see a further hike in commodity prices during the holy month of Ramadan, with a general surge of 31.5% in recent months.

Mid & Smallcaps are underperforming… 21,983 22,494 2.3% 20,090 20,435 1.7% 17,831 17,996 0.9% 14,965 14,803 -1.1% It is prominent to acknowledge that a good amount of the mid & small caps rally in FY24 was triggered by high inflows from retail investors. Led by both, inflows through MFs and direct investment. SIP inflows were ₹18,800cr for January 2024, up 36% YoY.

Indian stock market: The Nifty stayed below the psychological 22,500 mark, with call writers at the 22,500 strikes significantly increasing their positions. On the downside, support is expected to hold at 22,400. The buy-on-dips strategy is likely to persist as long as it remains above 22,400.

equity mutual funds showed. PSU funds offered the highest average return of 21.72% in 2024 so far. There were around five schemes in the category and these schemes also offered double-digit returns in the year-to-date horizon. CPSE ETF, the topper in the category, offered 25.53% this year. ICICI Prudential PSU Equity Fund offered 22.89%, followed by SBI PSU Fund which gave 20.22%.

competition law provision to impose penalties based on a company's global turnover will act as a deterrent to more egregious violations, encourage entities to opt for commitments and settlements and help in faster corrective measures, according to experts. With the amendments coming into force, the Competition Commission of India (CCI) now has the power to impose a penalty of up to 10 per cent of a company's global turnover for competition law violations. The provision could have a larger impact on companies having multi-products or multi-services and also assumes significance as cases related to digital markets are being probed by the CCI. The watchdog will have the discretion on whether to impose penalties based on the global turnover or on the relevant turnover of a particular company that has violated competition norms.

gold would be laughing their way to the banks with the back-to-back lifetime highs in the yellow metal this week. Its returns in March and 2024 so far have surpassed those of the S&P BSE Sensex. However, Bitcoin (BTC) remained the showstopper with more than 11% weekly returns and 62% in 2024, so far. After a lackluster February, gold has been hitting new lifetime highs in March. The gold contract on MCX scaled a new all-time high of Rs 66,356 per 10 grams on Friday. It has risen by Rs 3,529 or 5.64% so far in March over February and rose by Rs 3,118 or 4.93% in 2024 so far. In the international market, the new lifetime peak was $2,195 per troy ounce on the Comex.

medical entrance examination scheduled for May 5, a significant number of students continued to register, prompting some to request an extension due to challenges related to Aadhaar card and mobile link issues. Parijat Mishra, a career counseling expert at Allen Career Institute, told TOI, that many students faced difficulties in registering due to issues with Aadhaar card verification and mobile OTPs. The demand for an extension arose as some students could not apply within the given timeframe.

winning streak for a fourth consecutive week to hit new all-time highs --the best such streak in three months. The frontline indices Sensex and Nifty 50 hit fresh record highs in the previous session at 22,525.65 and 74,245.17 respectively and also gained about three per cent each in four weeks.

generative artificial intelligence (Gen AI) courses has surged about threefold in the past one year with working professionals rushing to make themselves adept in the new technology, said industry executives. The trend is being driven by professionals seeking to stay competitive in a fast-evolving job market and to safeguard themselves against layoffs by futureproofing their careers through upskilling, said executives of edtech companies such as Upgrad, Great Learning, Simplilearn and Coursera.

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Buy or sell stocks: Despite strong global market sentiment on a possible US Fed rate cut buzz, the Indian sock market reamianed range-bound on Thursday last week. The Nifty 50 index added 19 points and closed at 22,493 level, the BSE Sensex went up 33 points and ended at 74,119 mark whereas the Bank Nifty index finished 129 points lower at 47,865 level. However, the broad market witnessed buying interest as the small-cap index went up 0.70 percent while the mid-cap index shot up 0.39 percent.

Popular Vehicles IPO: The initial public offering (IPO) of Popular Vehicles & Services Limited is going to hit the Indian primary market on 12th March 2024 i.e. on Tuesday next week. The public issue will remain for subscribers till 14th March 2024 i.e.