Experts Financial News

BSE Smallcap index is witnessing a strong sell-off in February. The BSE Smallcap index is down over 3 per cent in February so far while the benchmark Sensex is down about 0.3 per cent. The BSE Midcap index is flat this month.

Shark Tank India, Radhika Gupta, CEO of Edelweiss Mutual Fund, has shared some insightful investment tips that are likely to hold investors in good stead. Gupta emphasises the significance of saving a portion of our income and investing it wisely. She advises that after deducting taxes and expenses from our earnings, one should strive to save at least 20%, 30%, or even 50% of the remaining amount.

Cipla as his ‘Valentine's Day 2024 Pick’. Bagadia has recommended a ‘Buy’ on the pharma stock at ₹1,450 and up to ₹1,415 for a target price of ₹1,600 to ₹1,660. According to the expert, Cipla is currently trading at ₹1,450, moving within the range of ₹1,420 to ₹1,450 and showing signs of readiness for a breakout.

Nifty Bank bounced back on Tuesday after falling over 1% in the previous trading session. The index rallied more than 600 points to close at 45,502. The Nfty50 closed with gains of over 100 points above 21,700. PNB, ICICI Bank, Bank of Baroda, and IDFC First Bank led the gains, while some profit-taking was seen in Bandhan Bank as well as AU Small Finance Bank.

Three money lessons women investors can learn from these entrepreneurs1) Consistency is keyRachna Baruah, Founder of Madchatter Brand Solutions, highlights the significance of consistency in savings. “It could be a fraction of what you would save otherwise in an ideal case but consistency helps in building habits and a balanced portfolio in the long run," said Rachna Baruah.2) Long-term horizon Baruah also stresses the importance of investing with a long-term perspective. While it may seem insignificant initially, she points out that every contribution compounds over time, ultimately creating significant wealth for the future and reducing financial stress.

Rashi Peripherals IPO: After the announcement of share allocation, lucky allottees are eagerly waiting for the Rashi Peripherals IPO listing date, which is most likely on 14th February 2024 i.e. tomorrow. The reason for expecting Rashi Peripherals IPO listing on Wednesday is because of the T+3 listing rule which has become mandatory for each public issue from 1st December 2023.

In fact, the incorporation in the first ten months of FY24 beats the full-year numbers for any of the previous financial years, senior government officials said.

Creator Festival — Creators United 2024. The event, set for 15 March 2024, is the festival's second edition. The event will be organised collaboratively by Mad Influence in association with the Government of Maharashtra. The festival, which will be held at NESCO, Mumbai, is an exclusive, invite-only event, designed to offer a unique and engaging experience to over 1,000 influencers in addition to brands, agencies, and industry experts who will all come together for a celebration of creativity, innovation, and collaboration. «Celebrating innovation and creativity is essential to Maharashtra's values. As we embrace digital transformation, initiatives like Creators United 2024 play a pivotal role in fostering collaboration and driving economic growth,» Chief Minister of Maharashtra, Eknath Shinde, said in a statement.

Also Read- RIL share price hits record high; mcap tops ₹20 lakh crore for first time; what should investors do? There is uneasiness in the large traders including High and medium net worth Individuals too, as was visible in trade on Monday. The market saw steep corrections despite Foreign Portfolio investors (FPI) and Domestic institutions remaining net buyers.

Sovereign Gold Bonds are issued by the Reserve Bank of India on behalf of the Government of India. These bonds are available in multiples of grams of gold, with the basic unit being 1 gram, and the minimum investment permitted is 1 gram. Investors in sovereign gold bonds receive an annual interest rate of 2.50%.

Reliance Industries (RIL) share price climbed almost 2 per cent to hit its fresh all-time high of ₹2,957.80 in intraday trade on BSE on Tuesday, February 13. This remarkable increase in the stock price propelled the company's market capitalization to almost ₹20 lakh crore for the first time. RIL is the most valuable company in India in terms of market capitalisation.

Ashish Kacholia portfolio: Fineotex Chemical shares are one of the multibagger stocks that the Indian stock market has produced in the last few years. This Ashish Kacholia-backed chemical stock has risen from around ₹33.75 to ₹400 apiece level on the NSE, delivering over 1,000 percent return to its positional investors in this time.

Stock market today: After a heavy sell-off on Monday, banking stocks listed on Dalal Street attracted good buying interest during morning deals on Tuesday. The bank Nifty index today opened upside at 45,056 level and went on to touch an intraday high of 45,183 mark, logging an intraday rise of around 300 points within an hour of the opening bell.

By Joe Bavier and Boureima Balima

Russian crypto mining efforts suffered a setback last week, with police closing two large, illegal data centers.

₹509.95 apiece, continuing its sharp movement for the sixth consecutive trading session. In the last five sessions alone, the stock has increased by 85%. With today's rise, the total increase over the six-day period has reached 99.30%.

Assam chief minister Himanta Biswa Sarma said that the state is working to make robust legislation for polygamy and Uniform Civil Code. Talking to media persons on Monday, he said, “Assam cabinet in its meeting has discussed both polygamy and UCC. We were following polygamy; Uttarakhand passed a law on UCC. We are now aligning both so that we can prepare a robust legislation. We are working on that.” He added that the Assam cabinet has approved a very important legislation prohibiting magical healing. “Healing is a daisy subject used to convert tribal people. This bill we are going to pilot as we believe that the religious status quo is very important. Whoever is Christian, Muslim or Hindu let them be so that a proper balance can be achieved in our state.”

Buy or sell stocks for today: Following a sharp sell-off in PSU stocks, the Indian stock market gave up early morning gains and ended lower on Monday. The Nifty 50 index lost 166 points and closed at a 21,616 level, the BSE Sensex nosedived 523 points and finished at the 71,072 mark while the Bank Nifty index crashed 752 points and ended at 44,882 level.

Risk management and benefits firm Milliman is facing a trial in April over the alleged mismanagement of its own 401(k) plan.

A new partnership between philanthropy-focused fintech Charityvest and faith-based wealth firm OneAscent will allow the latter’s financial advisors and their clients to access a new charitable giving solution.

If you’re building a list of the most important stocks in the market, Tesla Inc. has to be on it. Or does it?