Experts Financial News
02.01 / 07:09
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2023 in Review: All 13 Maharatna stocks delivered positive returns last year, REC best performer; check full list
BSE PSU index, reflecting public sector enterprises' performance, surged by 55% in 2023, surpassing the 18.74% return of the benchmark BSE Sensex index. Also Read: From Mazagon Dock Shipbuilders to IRCTC, 7 of 8 PSU stocks listed over last 5 years gave multibagger returns The railway stocks have been on investors' radar ever since the government raised the capital outlay for the Indian Railways in the Union Budget 2023-2024. In addition, the new shipping and rail transportation corridor linking countries across the Middle East, South Asia, and Europe announced at the G20 summit also added momentum to railway stocks.
02.01 / 07:06
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Why Indian stock market is down today? Experts list out these two reasons
Stock market today: Extending Monday's late sell-off for yet another session, key benchmark indices of the Indian share market went further down during Tuesday session. Nifty 50 index opened slightly higher at 21,751 levels but soon came under the sell-off stress and touched intraday low of 21,555 mark, registering around 186 points loss on Tuesday. Sensex today opened higher at 72,332 and touched intraday low of 71,613 levels, logging over 650 points loss during Tuesday dealings.
02.01 / 06:40
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Tube Investments shares rise 0.14 per cent in Tuesday's trading session
Tube Investments of India Ltd. rose 0.14 per cent to Rs 3580.55 in Tuesday's trade as of 11:42AM (IST) even as the benchmark Nifty ruled at 21731.4, down 47.3 points. The scrip had closed at Rs 3575.5 in the previous session.
02.01 / 06:40
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Allcargo Logistics shares jump 13% on record date for 3:1 bonus issue
Allcargo Logistics jumped over 13% to the day's high of Rs 98 on the NSE on Tuesday. Today is the record date for its 3:1 bonus share issue. In its December Board meeting, the company had set January 2 as the record date to determine the shareholders’ eligibility for allotment of bonus shares in the proportion of 3:1 i.e.
02.01 / 06:39
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Eicher Motors shares fall over 3% after decline in 2-wheeler sales in December
Eicher Motors fell 3% to Rs 3,908 in Tuesday's trade on BSE after the Royal Enfield maker announced a 7% month-on-month (MoM) decline in its two-wheeler sales in December. During the month, the company sold 63,387 units, lower than in December 2022 when the company sold 68,400 units, Eicher Motors said in an exchange filing. Meanwhile, Eicher Motors sold 55,401 units of models with engine capacity up to 350cc, down 10% as compared to 61,223 units in December last year.
02.01 / 06:39
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Voltas shares decline 0.43% as Sensex slides
Voltas Ltd. traded at Rs 973.35 on BSE at 11:47AM (IST) on Tuesday, down 0.43 per cent from previous close. The scrip quoted a 52-week low price of Rs 737.6 and a high of Rs 993.0.
02.01 / 06:37
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Vedanta stock price down 0.77 per cent as Sensex slides
Vedanta Ltd. fell 0.77 per cent to Rs 255.2 at 11:52AM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap up start to the session.
02.01 / 06:37
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F&O Stock Strategy: How to trade Tata Chemicals, Hero Moto, Concor today
Here’s the trading strategy from Sheersham Gupta, Director and Senior Technical Analyst at Rupeezy: Tata Chemicals — Inverted Head and Shoulder Breakout Tata Chemicals had been consolidating in the range of 900 and 1150 for the past two years. But last week, the stock saw fresh momentum to cross its 50-day Moving Average (DMA). 1100 was a short-term resistance for the stock which was broken with good volumes.
02.01 / 06:35
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Siemens shares decline 0.53% as Sensex slides
Siemens Ltd. traded at Rs 4003.6 on BSE at 11:57AM (IST) on Tuesday, down 0.53 per cent from previous close. The stock quoted a 52-week low price of Rs 2798.75 and a high of Rs 4244.55.
02.01 / 05:41
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3:1 bonus shares: Allcargo Logistics stock in focus as share trades ex-bonus today. Details here
Bonus shares 2024: Allcargo Logistics stock is in focus today as the share is trading ex-bonus today. The board of directors of the company had declared issuance of bonus shares in 3:1 ratio in its meeting held on 10th November 2023.
02.01 / 05:32
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Indian stock market has more upside potential despite fair valuations, says Motilal Oswal; ITC, SBI among top picks
Also Read: FPI flows into India may remain supportive for markets during 2024 feel expert Brokerage firm Motilal Oswal Financial Services believes the Indian markets have further upside potential which will be a function of US Federal Reserve’s stance on interest rates and continued earnings delivery versus expectations in the near term. Moreover, the market capitalization-to-GDP ratio is at 124% and the brokerage firm expects nominal GDP to increase 8.2% and 10.1% YoY in FY24 and FY25).
02.01 / 05:30
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Yes Bank share hits 52-week high. Experts see more upside in short term
Stock market today: Extending its rally for third day in a row, Yes Bank share price today climbed to a new 52-week high of ₹23.70 per share during early morning deals on Tuesday. Yes Bank shares today opened flat at ₹22.70 apiece levels on NSE but it soon gathered upside momentum and climbed to intraday high of ₹23.70 apiece levels, logging intraday gain of over 4 per cent.
02.01 / 05:28
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Kotak 'downgrades' GAIL stock after a stellar nearly 70% run in 2023. Here are 3 major reasons why
₹167.55 against the previous close of ₹166.30 and fell 5 per cent to the level of ₹158.05 on the BSE. Around 10:45 am, the stock was 3.94 per cent down at ₹159.75. Kotak Institutional Equities has downgraded the stock of GAIL (India) to a 'sell' from a 'reduce' while raising the target price (fair value) to ₹125 from ₹120 due to the strong gain of the stock last year.
02.01 / 05:24
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Jefferies states key reasons why markets could scale new highs. Nifty December'2024 target stands at 24000
Also Read- Top 7 investment trends to look out for 2024 Another reason for Jefferies expecting on market scaling new highs is that they expect improvement in foreign inflows during 2024. Key triggers for Foreign Portfolio Investor flow as per Jefferies will be peaking Dollar, May'2024 general elections and rising significance of India in global markets.
02.01 / 03:15
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Day trading guide for stock market today: Six stocks to buy or sell on Tuesday — January 2
Day trading guide for today: on account of late selling in Indian stock market on Monday, key benchmark indices of Dalal Street pare most of its intrada gains on first trade session of 2024. Nifty 50 index ended 10 points higher at 21,741 levels. BSE Sensex added 31 points and closed at 72,271 mark whereas Nifty Bank index went off 57 points and finished at 48,234 levels.
02.01 / 03:07
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Idaho regulator seeks wide range of input on fintech oversight
John Yaros wants to hear from a wide range of people with an interest in financial technology – and wants them to listen to each other – as he develops oversight policies.
02.01 / 02:25
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Nifty 50, Sensex today: What to expect from Indian stock market in trade on January 2
Catch Live Market Updates here On Monday, the domestic benchmark indices hit a new high but witnessed profit booking at higher levels, ending flat with a positive bias. The Sensex gained 31.68 points to close at 72,271.9, while the Nifty 50 ended 10.50 points, or 0.05%, higher at 21,741.90. Nifty 50 formed a small body of positive candles on the daily chart with upper and lower shadows.
02.01 / 01:44
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Buy or sell: Vaishali Parekh recommends three stocks to buy today — 2nd January
Buy or sell stocks for today: Due to late sell-off in Indian stock market on first trade session of 2024, key benchmark indices of Dalal Street pare most of its intrada gains on Monday. Nifty 50 index ended 10 points higher at 21,741 levels.
02.01 / 01:08
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Many high flyers on D-Street could log over 30% gains
stocks nearing their all-time highs, investors are combing through the market for the next winners. Though the valuations of many stocks are at lofty levels, there is scope for some of them to extend gains in 2024.
02.01 / 01:07
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Sebi crackdown reinforces need for registration
stock market investments might do well to heed recent actions by the Securities and Exchange Board of India (Sebi). On November 22, the market regulator penalised and barred P Krishnakumar and Jagadeeshan S for a year for giving illegal investment advisory services and ordered them to refund over ₹30 lakh collected as fees through astrology-based prediction packages sold on the website www.ymforecast.com.
02.01 / 01:07
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Centre plans to restructure PM-AASHA with ₹28,100 crore corpus
NEW DELHI : Ahead of the general elections, the government is planning to consolidate marquee schemes to safeguard the interests of farmers and consumers, under the Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM-AASHA), with an allocation of ₹28,107 crore till 2025-26, three officials aware of the matter said. The plan is to merge the Union Consumer Affairs Department’s Price Stabilisation Fund (PSF) with the agriculture ministry’s Price Support Scheme (PSS), and bring the merged scheme under the PM-AASHA, along with the market intervention scheme (MIS).
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