Experts Financial News

Buy or sell stocks for today: On account of weak global market sentiments, the Indian stock market ended lower for the third straight session on Thursday. The Nifty 50 index lost 109 points and closed at a 21,462 level, the BSE Sensex ended 313 points lower at the 71,186 mark while the Nifty Bank index finished 350 points down at the 45,713 level.

$TIA is likely to return an excellent profit to crypto investors who commit to it. The trending altcoin shows huge potential, with exciting rallies since the beginning of the year. It’s set to be a top gainer this year, and analysts are optimistic about its boom.

Mint had earlier reported on NCDC's (National Centre for Disease Contro) recent report on use of antibiotics which stated that 3rd Gen Cephalosporines was the most commonly prescribed antibiotic, followed by Imidazoles, and Aminoglycosides. Amongst most commonly prescribed antibiotics are Ceftriaxone, Metronidazole and Amikacin followed by Piperacillin and Tazobactam. Health experts have also pointed at easy availability of the antibiotics over the counter is one of the leading cause for rise in drug resistance.

past couple of days. If it was all about cautious optimism and expectations of the global economy managing a soft landing yesterday, the three existentialist threats are ruling the dialogues everywhere I go– Artificial Intelligence (AI), climate change and the wars across the globe. Artificial intelligence in fact is the flavour of WEF – there is no conversation that does not feature it in some way or the other and everybody is an AI expert.

IPO and sending shares tumbling as much as 14%. Executives on a call said the company planned to raise prices on its sandals and clogs this year after it had «underestimated the inflation effects» in fiscal 2023. Birkenstock expects adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) margin of about 30% for 2024, citing a «modest headwind» from costs tied to investments. That compares with adjusted EBITDA margin of 32.4% for fiscal 2023, which was the first drop in four years. The margin outlook for 2024 is «conservative,» executives said. «The company is guiding to… a hurdle with respect to taking profitability down more than expected next year,» said Jason Benowitz, senior portfolio manager at CI Roosevelt. So overall «these results were just not strong enough to sort of justify the current premium that was in the shares.» The stock ended about 19% higher in 2023 after a weak market debut in October. «The IPO price had already baked in a lot in terms of future upside, and until we see the company deliver as well as exceed those expectations it's hard to see the share price move further,» said Swetha Ramachandran, who manages a global consumer brands portfolio at Artemis Fund Managers in London. However, Birkenstock forecast 2024 revenue to be between 1.74 billion euros and 1.76 billion euros, above analysts' expectations of 1.72 billion euros. Demand for Birkenstock's footwear, which retails for as much as $350 a pair, has remained resilient and the company has also benefited from efforts to boost sales through its own website and stores. Unit growth was 6% in 2023 while average selling price increased 14% since fiscal 2022, driven by higher full-price sales. Quarterly revenue

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quarter, aided by trimmed expenses. Its net profit was at Rs 512.62 crore during the October-December period of the preceding 2022-23 fiscal, the company said in a regulatory filing.

Nifty on Thursday ended 110 points lower to form a high wave type candle pattern on the daily chart and slipped below the rising trendline, suggesting a bearish trend reversal. Having declined sharply, there is a possibility of a pullback rally in the short term, which is expected to be a ‘sell on rise’ opportunity. Important resistance to be watched at 21,700-21,800 levels. The important lower supports are placed at 21,200-21,000 levels, said Nagaraj Shetti of HDFC Securities. What should traders do? Here’s what analysts said:

Sectorally, buying was seen in telecom, realty, healthcare, and capital goods while some selling was seen in consumer durables, utilities, and power stocks. Stocks that were in focus include names like OFSS which rallied more than 28% to hit a fresh record high, PCBL gained more than 11% to hit a fresh high, and Sobha Ltd closed with gains of over 11% on Thursday. We have collated a list of three stocks that either hit a fresh 52-week high, or an all-time high or saw a volume or a price breakout. We spoke to an analyst on how one should look at these stocks the next trading day entirely from an educational point of view: Analyst: Riyank Arora, Technical Analyst, Mehta Equities Ltd.

India strives to balance its substantial housing shortfall amid rapid urbanization with sustainable development. While real estate exhibits vigorous promise, experts emphasize tailored planning across affordable green projects, infrastructure upgrades, and ownership boosts.

With strong expectations and speculations circulating, particularly concerning tax rebates and home loan interest rates, stakeholders are keenly assessing the potential impact on homebuyers and the broader real estate market.

The unstoppable increase in homebuyers’ appetite for luxury residences firmly indicates that the demand for different categories of luxury properties has kept growing, showing no signs of tail-off. Unlike affordable housing, luxury housing has not witnessed a dry spell and enjoyed a phenomenal consumer demand in pre- and post-pandemic periods.

South Indian Bank surged by 12.5%, reaching a new 52-week high of ₹31.9 apiece, following the release of the bank's Q3FY24 numbers. Notably, the stock surpassed the ₹30 mark for the first time in six years. The bank posted a 197% increase in its standalone net profit to ₹305 crore in Q3FY24 as compared to a net profit of ₹102.75 crore in the same period last year.

The Australian Government is actively considering the introduction of mandatory regulations for high-risk AI development. This move follows growing public concerns over the safety and ethical implications of rapidly advancing AI technologies, and publishers' demands for fair compensation for premium content used in AI training.

Dolly Khanna portfolio: Amid Q3 results season, retail investors and stock market observers are busy scanning the portfolio of ace investors. A retail investor scans the portfolio of ace investors because it gives them an idea about the direction in which the smart money has flown in the recently ended quarter. This also helps them understand the portfolio stocks on which, an ace investor is bullish, bearish, or neutral.

₹1.5 lakh to salaried individuals for investing in income tax saving instruments like the Public Provident Fund (PPF), five-year fixed deposit (FD), ELSS, National Savings Certificate, etc. Both individuals and HUFs are eligible for income tax deductions under Section 80C of the Income Tax Act. Experts believe that there is an urgent need to hike the 80C deduction ceiling.

BSE Sensex fell 0.81 percent to 70,918.07, and the NSE Nifty 50 lost 0.91 percent to 21,374.95. "A nosedive correction in banking stocks, along with concerns over delays in US FED rate cuts, impacted market sentiments. The addition of discouraging Chinese growth data and rising US bond yields also resulted in widespread profit-booking.

Reliance Industries will post its quarterly earnings report card on Friday. The expectations from Reliance Industries' consolidated December quarter performance remains a mixed bag with the Oil to Chemical (O2C) segment likely to see some pressure. The consumer-oriented retail and Jio (telecom segment) may see a steady quarter, and partially offset the weakness in Oil to Chemicals business.

Mihir Vora, veteran fund manager and the Chief Investment Officer (CIO) of TRUST Mutual Fund believes the Interim Budget 2024 will unlikely have big-bang announcements but the government may announce the continuation of the current initiatives and schemes. He expects capital expenditure for infrastructure like roads, railways, water, power and defence to increase and there may be some tweaking of the slabs for income tax to boost consumption. In an interview with Mint, Vora also shared his views on the markets and sectors to watch.

Union Budget 2024 is an interim budget because Lok Sabha elections are due early next year. The full budget will be after forming a new government Industry experts believe that implementing artificial intelligence (AI) to simplify tax filing could benefit citizens and government alike. “With advanced natural language processing capabilities, intelligent chatbots could understand complex financial data and automatically populate returns for review.

₹120.15 in morning trade on BSE on Thursday, January 18, extending the losses into the third consecutive session, on lingering concerns over profitability after its cement supply agreement with Ambuja Cements. Ambuja Cements acquired 54.51 per cent of Sanghi Industries.