Experts Financial News

Indian stock market today: Despite weak trends in the Indian stock market today, Gensol Engineering share price has managed to find buyers' interest in the early morning session on Monday. Gensol Engineering share price today opened higher at ₹1,247.60 apiece on NSE and went on to touch an intraday high of ₹1264 per share level, logging an intraday rise of around 4 percent within few minutes of the opening bell.

Also Read: Stocks to buy: Maruti Suzuki, M&M, TVS Motor among top picks in auto sector by HDFC Securities “Our overall stance remains biased towards Manufacturing, and we keep our Underweight call on Financials intact for now. We are staying with most of our winners – Zomato/ Delhivery/ Motherson Sumi, as we still see an upside from current levels.

Gold rate today, 26 Feb 2024: Amid speculations of a positive outcome in the US Q4 GDP data to be released on Wednesday this week, the US dollar index regained 104 level in early morning deals and touched a two-month high. This put gold rate today under pressure on Monday morning session in the Asian stock market today. Gold futures contract on the Multi Commodity Exchange (MCX) for April 2024 expiry opened lower at ₹62,327 per 10 gm level and went on touch an intraday low of ₹62,198 per 10 gm.

₹1,140. However, it subsequently endured a substantial downturn, plummeting by almost 300 points, constituting a significant 26 per cent decline. Presently, the stock seems to have discovered a level of support within the bracket of ₹840-900, suggesting a potential stabilization in its price movement.

Indian stock market today: After showing an excellent upside recovery from the lows on Thursday, the Indian stock market shifted into a range-bound action for the whole session on Friday and closed in the red territory. After climbing to a new all-time high of 22,297, the Nifty 50 index went off 4 points and closed at the 22,212 level, the BSE Sensex slipped 15 points and ended at the 73,142 mark while the Bank Nifty index lost 108 points and finished at 46,811 level.

Buy or sell stocks in Indian stock market today: After showing an excellent upside recovery from the lows on Thursday, the Indian stock market shifted into a range-bound action for the whole session on Friday and closed in the red territory. After climbing to a new all-time high of 22,297, the Nifty 50 index went off 4 points and closed at the 22,212 level, the BSE Sensex slipped 15 points and ended at the 73,142 mark while the Bank Nifty index lost 108 points and finished at 46,811 level.

Sebi had initially set a deadline of 31 March 2023 for account holders to nominate beneficiaries or formally opt out. The regulator had indicated that non-compliance would lead to account deactivation. The deadline was later extended twice, with the previous extension until 31 December 2023.

₹6,459 in 2022-23, from ₹2,630 in 2011-12, the survey said. In rural India, this rose to an estimated ₹3,773 from ₹1,430 during the same period. In real (inflation-adjusted) terms, the growth was 40% in rural parts and 33.5% in urban parts.

Household Consumption Expenditure Survey (HCES) will likely have limited impact on consumer price index and inflation calculations, as the food component still accounts for a significant proportion of consumer spending in the country, experts said. The impact on urban inflation will likely be even lower than rural, as the decline in food spending is smaller for urban areas compared with villages. «The new HCES does not indicate big shifts in the consumer price index basket, as the ratio of food items remains high in total spending,» said Rahul Bajoria, managing director and head of EM Asia (ex-China) economics at Barclays. The HCES, which provides information and data on spending, is a key source of input for deciding of weights and shares for the composition of the inflation basket. The results, released on Saturday, were eagerly awaited in view of the update needed to the CPI basket, tilted heavily towards food. The latest survey will lead to an update of the base year for the calculation of consumer prices. It is 2012 for the current series based on the HCES of 2011-12. The National Statistical Office conducts the household consumer expenditure survey every five years. The last survey of 2017-18 was junked citing data inconsistencies. Experts say categories within food could bring about larger shifts in inflation dynamics. «Within food also there could be bigger shifts,» Bajoria said.

Women's Premier League (WPL) is expected to generate up to ₹125 crore in sponsorship revenues for the Board of Control for Cricket in India's (BCCI) and the five teams, sports marketing experts told ET. The BCCI could generate upwards of ₹50 crore from central sponsorships, including Tata Sons, Sintex, Ceat, Dream11, and Amul, while the five WPL franchises are anticipated to earn ₹50-₹65 crore from team sponsorships, they said. Experts suggest that team sponsorship revenue could potentially be higher since some teams are doing better than others. «The WPL sponsorship revenue between BCCI and WPL franchises is likely to be over ₹100 crore and might even touch ₹125 crore,» a senior official at a leading sports marketing firm said on condition of anonymity.

Jaideep Hansraj, CEO of Kotak Securities says investors should continue investing through SIP as timing the market is a challenging task. In an interview with Mint, he says investors need to be stock-specific or bottom-up, as the top-down approach may fail.

mutual funds (MFs). Hesitant at first, Shalini quickly came around when she saw Palak’s dizzying investment returns. Approaching one’s parents for financial advice is nothing new. However, here was a twist: Shalini is Palak’s mother.

Buffett's letter elucidates key strategies for wealth creation and preservation. Through a lens of wisdom acquired over decades of astute investing, Buffett imparts invaluable advice on navigating the ever-changing landscape of finance. This article delves into Buffett's top 15 investment principles, examining their relevance and applicability in today's dynamic markets.

ending with a gain of nearly a per cent. After the initial rise, mixed global cues combined with profit taking in select heavyweights capped the momentum. Global indices surged higher as the positive momentum was largely influenced by the tech rally following US chipmaking giant Nvidia's steady rise in market valuation after earnings, which also buoyed sentiments in Indian markets.

Modi has asked his Cabinet ministers to prepare an «actionable, measurable and clearly defined» plan and present it in the meeting of the Council of Ministers on March 3, government sources said on Saturday. It may be noted that Modi in the last Cabinet meeting on February 21 had asked his ministerial colleagues to prepare an action plan for the next 100 days. He has asked them to undertake extensive consultation, including with experienced people like senior bureaucrats, those working on the ground and domain experts, before mapping out their action plan, the sources said.

₹20,637 crore, marking a 37 percent increase from December 2023. Palka Arora Chopra, Personal Finance Experts suggests that a strategic approach to incorporating hybrid mutual funds in a balanced portfolio revolves around diversification across asset classes. “Allocate a portion to equity-oriented hybrids for growth potential and debt-oriented hybrids for stability.

Gmail would cease to "support sending, receiving, and storing emails." This misinformation was widely shared, with some attributing the speculated shutdown to a recent controversy surrounding Google's AI image tool, Gemini, which generated images of racially-diverse Nazi soldiers. Setting the record straight, Google took to social media to reassure users that Gmail is not going anywhere. "Gmail is here to stay," the company emphasized in a post, dispelling the unfounded rumours.

Indian stock market: Shares of Life Insurance Corporation (LIC) of India have been on an uptrend in the last four months. In this period, the LIC share price has risen from around ₹600 to ₹1,066 apiece level, registering around 75 percent rally in this time.

Gold rate today, 24th February 2024: After losing for two straight weeks, gold prices finally logged a modest 0.75 percent gain in the week gone by. Gold futures contract on the Multi Commodity Exchange (MCX) for April 2024 expiry finished at ₹62,325 per 10 gm level on Friday.

Cooler-than-expected inflation numbers have left one strategist even more skeptical of the Bank of Canada‘s conservative forecast for when the consumer price index will return to target, suggesting the door to interest rate cuts could open much sooner than the central bank has predicted.

music history, though in the decades since it went missing, there had been some dramatic rumors. Was the Höfner violin bass, which had accompanied Paul McCartney and the Beatles to worldwide fame, tucked away in a private collection? Had it been secretly shipped to a wealthy fan in Japan? It turned out the bass was passing time in a more unassuming locale: the loft of a family home in East Sussex, England. The family reported the guitar in late September after a couple of journalists and a guitar expert started a new campaign looking for it in 2023, more than 50 years after it was last seen.