Experts Financial News

Buy or sell stocks for today: Despite weak global cues, the Indian stock market extended its winning streak for the fourth straight session on Friday. Nifty 50 index finished at the 21,894 level after climbing to a new peak of 21,928. BSE Sensex ended at the 72,568 mark after hitting a new peak of 72,568.

₹67,000 crore in calendar year 2023, a 221% jump from the year before. In 2022, creditors had realized about ₹20,860 crore by initiating bankruptcy action under IBC, a senior government official said.

NSE) have seen a surge of more than 20% over the past two weeks in off-market transactions, after almost two years of sideways moves. This upswing is linked to heightened demand from wealthy individuals and retail investors amid a restricted supply of shares, with a few large investors reneging on their commitment to sell, said brokers. Additionally, a rally in the shares of the two listed exchange operators — BSE and MCX — and the unlocking of value through the proposed public issue of the National Securities Depository, in which NSE holds a 24% stake, also played a role in fuelling the price, the brokers said. Trading at around Rs 3,100-3,200 a month ago, the stock has currently ascended to a range of Rs 3,800-3,900, as reported by brokers. To be sure, these prices are from the transactions in the unlisted market and are not official figures. At Rs 3,900 per share, India's largest bourse would be valued at Rs 1.93 lakh crore, or 25 times its 12-months earnings. Shares of BSE surged 220% in the past six months, while those of MCX gained around 94%.

Nifty, indicating a potential test of the 22,400 level soon. However, technical analysts note that the ascent might be gradual due to the underperformance of bank shares. Infosys, Cipla, Aditya Birla Capital, LIC Housing, Aptus, Bharti Airtel, Birla Soft, Canara Bank, IOC, PNB, RIL, Tata Consumer, Tech Mahindra, and Wipro have positive setups. PRITESH MEHTA EXECUTIVE VICE PRESIDENT-INSTITUTIONAL RESEARCH, YES SECURIES Where is Nifty headed? Following Friday’s rally, Nifty has confirmed a move above the three-digit Gann number of 218(00) and a bullish ABC break on the point and figure (P&F) chart, implying the end of the recent consolidation phase.

dry winter, with no snowfall and unusually high temperatures, in the coldest parts of Kashmir has adversely impacted the tourism sector in the Valley. Adventure tourist arrivals have hit rock bottom. The Valley is disturbingly warmer than other places in northern India.

stressed firms were rescued through the insolvency law in 2023 and the resolutions fetched their creditors more than three times the amount raised through 160 such debt resolutions in 2022, a senior official told ET, citing data compiled by the bankruptcy regulator. The realisation proceeds were to the tune of ₹67,000 crore in 2023 against ₹20,860 crore in 2022, according to the Insolvency and Bankruptcy Board of India (IBBI) data yet to be made public. The jump indicates a «robust upward trajectory» in the IBC's (Insolvency and Bankruptcy Code's) effectiveness, the official said. A Delhi-based expert involved in shaping the insolvency policy said the 2023 resolution numbers also mirror the broader economic momentum being witnessed after the pandemic blues, which has expanded the universe of bidders for stressed assets.

Myanmar is losing grip over certain parts of the resource-rich country that borders India, which has led to a rethink in New Delhi on ways to readjust its approach in dealing with the neighbour that is critical in many ways. The Indian establishment is understood to be mulling various options, including opening channels of communication with various ethnic groups that are inhabitants of Myanmar's states bordering northeast India amid cross-border migration into Mizoram and Manipur. While New Delhi will continue to deal with the junta as the federal power in Nay Pyi Taw, experts on Myanmar affairs are of the opinion that New Delhi needs to adjust its policy to open channels of communication with ethnic groups that have bigger say in the states of Myanmar bordering India. States of Chin, Rakhine and Kachin and the Sagaing division of Myanmar border India. Stability along the India-Myanmar border is imperative for prosperity of India's northeastern states.

₹45 lakh for affordable housing, in the metros, and a further increase in Mumbai, experts said. (Affordable housing is defined as a house or apartment valued up to ₹45 lakh, with a carpet area of up to 90 square metres, located in non-metros and villages, and 60 square metres in large cities.) “…Raising the limit from ₹45 lakh to ₹1 crore for metro city home buyers will significantly benefit the affordable housing segment, making homes more accessible," said Pritam Chivukula, vice-president of industry body Confederation of Real Estate Developers’ Association of India- (Maharashtra Chamber of Housing Industry (Credai-MCHI). Around 476,530 residential units were sold in 2023 compared to 364,870 units in 2022, according to Anarock Property Consultants.

(Corrects paragraph 2 to say Subramaniam took over as CEO in 2022, not 2023)

presidential candidate Nikki Haley said on Sunday that the Republican contest to choose the presidential nominee is going to be a two-person race between her and former president Donald Trump. Haley's remarks came on the eve of the Iowa caucuses on Monday, that formally kicks off the beginning of the long process by which the Republicans and Democrats choose their nominees for the presidential election. Trump, 77, served as the US president from 2017 to 2021 and is seeking his second term.

2.L&T | Recommendation: Buy | CMP: ₹3,560-3,530 | Target: ₹3,800/4,000 | Stop Loss: ₹3,450 Larsen & Toubro (L&T) is poised for a breakout from an upward consolidation range, consistently finding support at its 20DMA. The momentum indicator RSI has recently turned positive with a crossover, confirming the bullish momentum.

Mint has seen a copy of KIL's affidavit. Kirloskar Industries is controlled by younger brothers Atul and Rahul Kirloskar, while Kirloskar Brothers Ltd is majority owned by Sanjay Kirloskar. Kirloskar Industries owns a 23.91% stake in Kirloskar Brothers, while Atul and Rahul Kirloskar own 0.59% and 0.51%, respectively.

IPO) of Epack Durable will open for subscription on January 19 and will be available for the public to bid till January 23. The IPO comprises a fresh equity issue of up to Rs 400 crore and an offer for sale (OFS) of up to 10,437,047 shares by selling shareholders. Bajrang Bothra, Laxmi Pat Bothra, Sanjay Singhania, Ajay DD Singhania, Pinky Ajay Singhania, Preity Singhania, Nikhil Bothra, Nitin Bothra, and Rajjat Kumar Bothra are the promoter and group entities selling part of their stake in the company. Bajrang Bothra, Laxmi Pat Bothra, Sanjay Singhania, and Ajay DD Singhania, collectively hold 42.90% in the company. India Advantage Fund and Dynamic India Fund, the two funds managed by ICICI Ventures, will also sell stake in the company.

North Korea fired a ballistic missile toward the sea on Sunday, its first missile launch in about a month, its neighbors said. South Korea's Joint Chiefs of Staff said the launch occurred Sunday but gave no further details like how far the weapon flew. Japan's Defense Ministry also said it detected a possible ballistic missile launch by North Korea but gave no other details.

Reliance Industries emerging as the biggest gainer, in-tandem with bullish sentiments. Last week, the BSE benchmark jumped 542.3 points or 0.75 per cent. Benchmark equity indices Sensex and Nifty surged over 1 per cent to hit their fresh all-time highs on Friday.

Gold, reeling under hotter than expected December US CPI inflation data released on Thursday, caught a bid Friday as the US and the UK launched airstrikes on Iran-backed Houthis' targets in Yemen to stop shipping attacks in the Red Sea. In a reaction, the Yemeni Group vowed to retaliate with an urgent response in the form of a move that intends to target all US and UK interests alongside those linked to Israel. The strike by the US and UK, which included more than 70 airstrikes on Yemen targets, risks spreading fallout from Israel-Hamas war, which, in the worst-case scenario, can drag in other regional powers more directly. It is to be noted that earlier in the week, Houthis launched their biggest shipping attacks and Iran seized an oil tanker off the Coast of Oman. The US government has not ruled out more strikes on the Houthis targets.

BSE Sensex hit its fresh all-time high of 72,720.96 in the previous session and achieved weekly gain of 0.8 per cent, driven by a sharp rally of information technology (IT) stocks over robust quarterly results. A strengthening rupee and hectic buying on tech, realty and oil counters amid a mixed trend in global markets further bolstered sentiment, according to traders. On the stock-specific front, Wardwizard Innovations, Network18 Media, Suven Life Sciences, Easy Trip Planners, DB Realty, MRPL, Trident, Olectra Greentech, Dish TV, Suzlon Energy, Thomas Cook India, Man Industries, Karnataka Bank, PNB Gilts, and others are among the smallcaps that logged a double-digit rise in their share prices last week.

Panama’s government has inspected a huge copper mine shut down after the country’s Supreme Court ruled in November that the government’s concession with a Canadian mining company was unconstitutional

All About Tax-Saving Note that eKYC is mandatory for PM Kisan registered farmers. It can be done by OTP Based eKYC is available on PM Kisan Portal or nearest CSC centres can be contacted for Biometric based eKYC.

personal loans has brought a sigh of relief to borrowers by eliminating the laborious task of completing forms and managing stacks of paperwork. To navigate the process of securing an instant loan through a paperless approach, it is essential to consider some essential key points.

A new Communist Party slogan was born on January 9th. The phrase, which appeared on the front page of the People’s Daily, a party mouthpiece, defies easy interpretation. A loose translation might read “nine issues that must be grasped".