Experts Financial News

Also Read: Nifty February series outlook: 4 stocks where investors can park their money; do you own? "When valuations are high, the bears will use any negative news to drag the market down," said Dr VK Vijayakumar, chief investment strategist at Geojit Financial Services, referring to "slightly hawkish comments" from the Reserve Bank of India (RBI) governor on Thursday. The RBI kept interest rates unchanged on Thursday, as expected, and signaled rate cuts may not be imminent. The BSE benchmark fell by 723.57 points or one per cent to settle at 71,428.43 on Thursday amid uncertainty about the timing of interest rate reduction after the RBI policy decision.

BSE Sensex logging a marginal weekly decline. However, the broader S&P BSE Smallcap index hit its fresh record high last week at 46,821.39, driven by gains in stocks such as Olectra Greentech, Balaji Telefilms, Jaiprakash Power in the last five days.

With the contribution deadline for the registered retirement savings plan (RRSP) approaching, Canadians have more choices than ever for where they want to sock away their savings to get a lift on their tax returns.

₹3,075 crore worth of Indian equities and the total inflow stands at ₹12,590 crore as of February 9, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL) data. "The FPI investment trend of selling in equity and buying in debt witnessed in January is continuing in February. Through February 9, FPIs had sold equity for ₹3,074 crore and bought debt worth ₹15,093 crore.

BSE. This security deposit amount is refundable or forfeitable in the manner specified by the board. The requirement of 1% security deposit was put in place by the regulator for public/rights issues so that an issuer expeditiously redresses investor complaints pertaining to refund of application money and allotment of securities, etc.

Cricbuzz report suggested he has begun training alongside Hardik and Krunal Pandya in Baroda. Earlier, Indian cricket coach Rahul Dravid stated that the young player requested a break and mentioned Ishan could make a comeback after participating in some first-class matches.

Leaks aren't just a problem for pipes.

Apeejay Surrendra Park Hotels IPO: The listing date of the initial public offering (IPO) of Apeejay Surrendra Park Hotels Limited has been fixed on 12th February 2024 i.e. on Monday next week.

Stock in focus: Balaji Telefilms shares will be in focus on Monday as the entertainment company has declared fundraise via issuance of warrants. The board of directors of the company considered and approved proposal for issuance of up to 2,38,83,930 warrants on a preferential basis.

Multibagger stock: Shares of Indian Railway Finance Corporation Limited are one of the multibagger stocks that the Indian stock market has delivered in the last one year. At this time, this railway PSU stock has given over 400 percent return to its shareholders. However, IRFC share price has been under sell-off stress after climbing to its lifetime high of ₹192.80 per share on NSE at the end of January 2024.

stock market observers on Monday after the announcement of Tata Power results for Q3FY24 on Saturday. In Q3 results 2024, Tata Power recorded a marginal increase in operational income but the Tata Group company demonstrated significant operational and financial performance.

UN experts say they are investigating 58 suspected North Korean cyberattacks between 2017 and 2023 valued at approximately USD 3 billion, with the money reportedly being used to help fund its development of weapons of mass destruction. And the high volume of cyberattacks by North Korean hacking groups who report to the Reconnaissance General Bureau, North Korea's primary foreign intelligence organization, is reportedly continuing, the panel of experts said in the executive summary of a new report to the UN Security Council obtained Friday by The Associated Press.

ONGC's numbers in the third quarter on a year-on-year basis. However, the state-owned oil and gas company is expected to have a steady quarter on a sequential basis. Here's what to expect from ONGC's Q3:

Q3 results today on February 10: Investors will be on edge with some of the major companies releasing their Q3 earnings. A slew of companies, including ONGC, Divis Labs, Aurobindo Pharma, and Multi Commodity Exchange of India (MCX), will be the focus today as they release their Q3 results.

Gold rate today: On account of hawkish rhetoric from various US Fed officials and the resilience of the US dollar index on stimulus buzz ahead of the US presidential elections this year, gold prices continue to trade sideways for yet another week. In the week gone by, the gold futures contract on the Multi Commodity Exchange (MCX) for April 2024 expiry ended at ₹62,303 per 10 gm level whereas in the international market, the precious yellow metal finished at $2,024 per ounce.

Latest data from 2,257 companies listed on the National Stock Exchange (NSE), collated by Primeinfobase, show that just 45 of them have a woman in the chief financial officer or director-finance role. That number was 24 in March 2019 and 31 at the end of March last year.

Department of Telecommunications (DoT) is looking to unlock about ₹5.45 lakh crore worth of spectrum for 5G and 6G needs through refarming or repurposing of existing frequencies, particularly in the mid-band or 3-6 GHz range, said officials familiar with the matter. «We are looking to make available additional spectrum for mobile use in the coming five years,» said one of the officials, who did not wish to be identified. The DoT believes there is a need to provide more airwaves, especially in mid-band, for upgradation of 5G technology and introduction of 6G, which is expected to be launched by 2030. Most of the spectrum is currently being utilised by domestic legacy users such as defence forces and satellites, which may be shifted to different frequencies.

Brad Pitt and Angelina Jolie concerning their French winery, Chateau Miraval, has taken a decisive turn in Pitt's favor. Recent court filings reveal a significant victory for the actor as a judge ruled against Jolie's attempt to sell her business share to a competitor. This development sheds light on the ongoing complexities of their post-divorce relationship, providing insight into the challenges they face in dividing their multimillion-dollar assets.

The destruction of the Aral Sea in Central Asia has been labeled by the U.N. as the most staggering disaster of the 20th century

aviation regulator to control airfares in the country is unlikely to impact rates in the current free market regime, airline executives and industry experts said in reaction to a parliamentary panel's call to take measures to check high fares. Air ticket prices are expected to rise further due to significant capacity cuts. IndiGo, the country's largest airline, has grounded 74 planes until December while others including Go First, SpiceJet, Air India group and Vistara grounded 90 planes.

Some pharmacare policy experts are raising concerns about competition and patient access to much-needed medication after Manulife Financial Corp. announced its coverage of certain prescription drugs will only apply at Loblaw Cos. Ltd. pharmacies.