Experts Financial News

Balrampur Chini, Delta Corp, Hindustan Copper, Indian Energy Exchange (IEX), Steel Authority of India (SAIL) and Zee Entertainment Enterprises (ZEEL). The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%. Traders who trade in indices do not encounter a situation of security ban. The MWPL for Balrampur Chini stood at 93.7% on Tuesday with OI reported by Trendlyne at 10.7. It was down by 8.4% from the previous session. The MWPL for Delta Corp stood at 117% on Tuesday with OI reported by Trendlyne at 22.9 million.

The U.S. Coast Guard said a large cargo ship with an active fire in its hold is being kept 2 miles offshore of an Alaska port as a precaution while efforts are undertaken to extinguish the flames

A labor court in Bangladesh’s capital has sentenced Nobel Peace Prize winner Muhammad Yunus to six months in jail for violating the country’s labor laws

In 2023, Bitcoin, the most popular crypto, rallied 155% in US dollar terms. The Bloomberg Galaxy Crypto Index—a broader representation of crypto as an investment asset class—gave a return of around 140% during the year, telling us that crypto as an asset class did very well in 2023. Now, when it comes to retail investors investing in a particular asset class, there is always a bit of a recency effect involved, as investors tend to favour assets which have done well in the short-term.

Adani Enterprises, Adani Ports, Adani Wilmar, Adani Power, Adani Energy Solutions, Adani Green Energy, Adani Total Gas, ACC, Ambuja Cements, and NDTV. As Mint reported earlier, a bench comprising Chief Justice D Y Chandrachud and justices J B Pardiwala and Manoj Misra will deliver the judgement at 10:30 am on as many as four petitions. The judgement on the PILs was reserved on November 24, 2023.

Gold prices held steady on Wednesday as investors looked forward to minutes of the last Federal Reserve policy meeting due later in the day for more clarity on its next moves, while a stronger dollar kept bullion's gains in check. FUNDAMENTALS * Spot gold was up 0.1% at $2,061.49 per ounce, as of 0132 GMT. U.S.

Oil prices rose in the first session of the new year, boosted by potential disruption to Middle Eastern supply after the latest attack on a container ship in the Red Sea, and by Chinese demand hopes. Brent crude was up 49 cents, or 0.6%, to $77.53 a barrel at 1432 GMT. U.S.

collision of two airplanes at Tokyo's Haneda airport, weeks after the global airline industry heard fresh warnings about runway safety. All 379 people aboard a Japan Airlines Airbus A350 escaped after a collision with a De Havilland Dash-8 Coast Guard turboprop that killed five of six crew on the smaller aircraft.

dollar rose broadly on Wednesday and stood near a two-week high against its major peers, underpinned by a confluence of factors including elevated U.S. Treasury yields and a cautious turn in risk sentiment that weighed on Wall Street. Trading was thinned in Asia with Japan out on a holiday, and with investors still returning from an extended New Year break, currencies traded mostly sideways in early deals. However, the New Zealand dollar, often used as a proxy for risk appetite, slid to a two-week low of $0.62485. The Australian dollar likewise hit a two-week trough of $0.6756. The U.S.

Sensex fell 379.46 points to close at 71,892.48, while the Nifty 50 ended 76.10 points, or 0.35%, lower at 21,665.80. Nifty 50 formed a reasonable negative candle on the daily chart with minor lower shadow. The smaller range movement of the last 3-4 sessions has been broken on the lower side.

Catch all the LIVE updates on Adani Hindenburg Case Verdict hereThe Hindenburg Research said that the seven listed companies of the Adani group, have an 85% downside on a fundamental basis due to sky-high valuations, Hindenburg said in the report.The report pointed out the debt on the company. "Key listed Adani companies have also taken on substantial debt, including pledging shares of their inflated stock for loans, putting the entire group on precarious financial footing.

Day trading guide for today: Domestic equity benchmarks Sensex and Nifty 50 ended in negative territory in the previous session on concerns over escalating geopolitical tensions and a significant jump in crude oil prices. The market's high valuation appears to have led investors to secure profits before the onset of December quarter earnings.

NEW DELHI : India saw a slump in its tea export earnings during April-November 2023 amid regulatory challenges in Iran, a large market, and due to the ongoing Ukraine crisis impacting exports to the CIS (Commonwealth of Independent States) and Western European region, latest data from the commerce ministry showed. India exported tea worth $531.63 million between April and November 2023, down from $562 million in the year-ago period, according to official data from the Niryat Portal. Geopolitical disturbances, especially in Middle East and Ukraine, subdued economic conditions along with a drop in export prices have led to a decline in export earnings for the commodity, experts said.

Bank of Maharashtra Bank of Maharashtra's total business rose 19% year-on-year to Rs 4.35 lakh crore in the December quarter, compared with Rs 3.66 lakh crore. Hindustan Zinc Hindustan Zinc's mined metal production at 780kt in the third quarter, up 2% YoY, driven by improved mined metal grades. Birlasoft Birlasoft announced the appointment of Manjunath Kygonahally as Chief Executive Officer (CEO) for the Rest of the World (ROW) region. Read more: Here's the trade setup for today's session RVNL Rail Vikas Nigam Ltd JV received letter of award (LoA) for Rs 123 crore order to redevelop Varkala Sivagiri railway station. GVK Power The Competition Commission of India approved the acquisition of 100% shareholding of GVK Power by Punjab State Power Corporation. DMart Avenue Supermarts saw a double-digit growth in revenue for the third quarter of the current financial year, with the topline growing 17.2% year-on-year (YoY). VST Industries Radhakishan Damani has picked up an additional stake in VST Industries through bulk deals on Tuesday.

fee has attracted more bondholders to vote for the restructuring of Vedanta Resources Ltd (VRL) debt. The London-based holding company, which owns metals and resources businesses in India, is offering a 2% fee if consent is provided by January 2, and a 0.25% fee for late consent after this date. The company had pushed the early consent deadline from December 27 to January 2 on investor demand.

SBI Securities has set a target range of 23,500-24,300 for the Nifty in 2024. This implies an upside of 8.5%-12.15% over the index's Tuesday closing of 21,665.

Vodafone Idea on Tuesday denied a media report of talks with Elon Musk-owned Starlink for a stake sale, sending the telecom operator's shares down by 5.65%. The shares had hit a 52-week high intraday Monday, gaining nearly 40% in two trading sessions after the report emerged on the Starlink talks. «In this regard, we would like to submit that the company is not in any such discussion with the named party,» the cash-strapped company said in a regulatory filing, adding: «We are not aware of the basis of the said news item.» Vodafone Idea said it would keep stock exchanges informed about all price-sensitive information under the listing regulations. On Tuesday, these shares rose to as high as ₹17.78 on the BSE before giving up the gains and closing at ₹16.03.

State Bank of India (SBI) has raised $1 billion, or double the amount originally envisaged, in an offshore syndicated loan arranged by HSBC and subscribed by lenders across continents, demonstrating the enduring appeal of local financial companies for overseas investors that expect New Delhi to be the undisputed global growth leader in a geopolitics-ravaged 2024. «The success of this transaction reflects the improvement in the bank's credit and business profile, which is the result of tremendous work put in by SBI as a team over the years,» SBI Chairman Dinesh Khara said exclusively to ET. «In addition, we have also benefited from favourable macroeconomic conditions, including a largely stable currency and domestic yields, despite the volatility in overseas markets,» he said. The deal represents the «largest sole-underwritten transaction for an Indian borrower since 2018,» a source aware of the development told ET. SBI, with the biggest branch network and a share of about a fifth in all outstanding bank credit in the country, is often seen as a proxy by analysts for loan demand and deposit options in a country that is increasingly financialising its savings.

Market expert D.R. Barton discusses the possibility of a soft landing in 2024, and which job and  financial trends are bolstering his predictions.

Multi-year-high tax buoyancy recorded in the first half of FY24 by the Centre raise questions about how much of the spurt is attributable to higher revenue productivity, and the use of the implicit price deflator.

Fighter, scheduled for release, as far as the first quarter goes. Top stars like Shah Rukh and Salman Khan will not see a film arriving in cinemas in 2024 but theatre owners and trade experts are pinning hopes on a slate of mid-scale films starring the likes of Shahid Kapoor, Ajay Devgn, Akshay Kumar and Vicky Kaushal.