Experts Financial News

They say that the rising tide lifts all boats. Amid the ongoing bull run, equity mutual funds jumped in their valuations, so much so that the industry’s overall asset size went higher by nearly 23 percent this calendar year until Nov 30.

Marico Ltd. gained 0.58 per cent to Rs 537.1 in Thursday's trade as of 11:47AM (IST). The stock hit a high price of Rs 539.0 and low of Rs 534.0 during the session.

Ripple’s XRP  coin, defying the overall market trend, has shown remarkable resilience, maintaining an upward momentum well above the $0.630 mark. This sustained growth comes amidst a broader market downturn, which saw the total cryptocurrency market cap fall by 2.6% to $1.71 trillion over the past 24 hours.

iPhones, a Washington Post report said recently. The move comes after several Opposition leaders and some journalists in October claimed that they had received emails from Apple warning them that state-sponsored attackers were potentially remotely trying to compromise the iPhones associated with their IDs.

Budget 2024: What will the market look for in Vote on Account? Mint collated the views of 10 experts on what they expect from the upcoming Budget. Here's what they said: The Budget will largely be a non-event as it will be a Vote on Account and hence largely a report card with the election commission not permitting any major announcements on account of the ensuing general elections. That being said the fiscal numbers are likely to be in line with the budget estimates.

Satish Menon, Executive Director of Geojit Financial Services underscores the exact nature of the Budget 2024 cannot be predicted at this stage. However, he expects new initiatives to boost manufacturing in India and government expenditure on Infra to flourish. In an interview with Mint, Menon also shares his views on the market and the sectors he is positive about. Edited excerpts: Our understanding is that the final budget will be after the general election, and the February Budget will act as a provisional one.

Catch Live Market Updates here On December 27, the Indian equity market ended higher for the fourth consecutive session led by across-the-board buying. The Sensex ended 701.63 points higher at 72,038.43, while the Nifty 50 gained 213.40 points, or 1%, to settle at 21,654.75. Nifty 50 formed a long bull candle on the daily chart that closed at the all-time highs.

Buy or sell stocks for today: Following strong global market sentiments, Indian stock market extended its rally for fourth straight session on Wednesday. Nifty 50 index touched a new high of 21,675 and hit its highest-ever closing levels of 21,654. BSE Sensex surged around 1 per cent and closed at 72,038 levels while Bank Nifty index gained 1.17 per cent and closed at 48,282 mark after touching a new peak of 48,347 levels.

Day trading guide for today: On account of strong global cues, Indian stock market extended its rally on fourth day in a row on Wednesday. All three key benchmark indices touched a new peak and ended at record closing highs respectively. Nifty 50 index touched a new peak of 21,675 while BSE Sensex hit a new record high of 72,119 mark.

Apple's warnings in October to Indian opposition politicians that government hackers may have hacked their phones prompted Prime Minister Narendra Modi's administration to quickly demand the U.S. firm soften its message, the Washington Post reported. Apple's India representatives were called by administration officials who demanded that company help weaken the political impact of the warnings, the newspaper said citing three unidentified sources. An Apple security expert was also summoned from outside the country to a meeting in New Delhi and the expert was pressed to come up with alternative explanations for the warnings, it said. Apple and India's Ministry of Electronics and Information did not immediately respond to a request for comment.

Foreign funds have poured money into government bonds at a tearing pace over the past few months, with their investments in the fully accessible category more than doubling in a year to ₹1.28 lakh crore by December as global index inclusion and a softer tone from the US Fed burnish the appeal of Indian debt. The influx of foreign money after a three-year hiatus has kept local sovereign bond yields — and therefore corporate borrowing costs — anchored amid a volatile inflation environment and a tight liquidity stance by the Reserve Bank of India (RBI). The indicative value of aggregate holdings of foreign portfolio investors (FPIs) in government bonds under the 'fully accessible route' (FAR) was at ₹1.28 lakh crore as on December 26, versus ₹61,260 crore as on December 30, 2022, latest data released by the Clearing Corporation of India (CCIL) showed. The FAR category was introduced by the RBI in 2020. «As we've seen in other jurisdictions also, a lot of money actually comes in before the index weighting starts to take effect.

Sensex closed above 72,000 for the first time, while the Volatility Index or VIX — a popular fear gauge — jumped 6% to 15.6, suggesting traders see risks of sharp swings in the market in the near term. The Sensex gained 0.98%, or 701.63 points, to close at 72,038.43 after touching an all-time high of 72,119.85. The Nifty advanced 1%, or 213.40 points, to close at 21,654.75, off the record high of 21,675.75.

Azad Engineering will debut on the exchanges today. Ahead of the listing, the company's shares are trading with a premium of Rs 172 in the unlisted market. The company's shares are likely to list at a premium of 33%.

2023 in review: For Indian tech startups, an unrelenting funding winter However, experts believe that despite these challenges, the Indian startup ecosystem remains resilient, supported by government initiatives and a renewed focus on sustainable, long-term success. The government has introduced several initiatives to support startups including Fund of Funds for Startups, Startup India Seed Fund Scheme, and Credit Guarantee Scheme for Startups.

₹2,926.05 crore even as domestic institutional investors (DIIs) sold ₹192 crore worth of shares. Though the indices closed a tad lower each, they posted closing records, with the Nifty gaining 1% to 21,654.75 and the Sensex 0.98% to 72,038.43. The indices have risen for four straight sessions.

MUMBAI , BENGALURU : Promoter feud at Pune-based Finolex Cables Ltd has led to the rejection of two directors, making it the second public company in recent times where such discord led to the rejection of board members. Over 93% of promoter votes were cast against the resolutions ratifying the appointment of Achyut Dhadphale as non-executive non-independent director and Kshtija Wadatkar as non-executive independent director, voting data from a stock exchange disclosure showed. Orbit Electricals Pvt.

Retail real estate industry is riding a boom in demand. More than 5 million square feet (msf) of grade A malls became operational in 2023 — the highest in seven years — and another nearly 8 msf is slated for completion in 2024, industry executives said. Malls are expected to attract investment of more than Rs 20,000 crore over the next 3-4 years as the country's biggest mall developers, DLF, Prestige and Phoenix, have entered the next phase of expansion as almost all top retailers are expanding their store count. «Retail real estate sector has been witnessing increased traction, largely driven by strong consumption-led growth of the Indian economy,» said Saurabh Shatdal, managing director, capital markets, and head retail, India, at Cushman & Wakefield. Listed retail players such as Reliance Retail, PVR, Aditya Birla Fashion, and Tata Trent increased their store count significantly this calendar as their revenues continued to rise.

By Kirsti Knolle

Returns from investment are the best indicator of the performance of various asset classes. And that helps investors determine which asset class is a winner and which ones to avoid. While the winners among asset classes keep rotating every year, the absence of any such pattern over the last 10 years (see chart), reinforces the importance of asset allocation in building a balanced portfolio. Here’s a quick look at the performance of different asset classes in 2023.

Sound of Freedom" to Amazon's Prime Video has sparked new controversy surrounding the polarizing film. The independent production, addressing child sex trafficking, emerged as an unexpected box office success in 2023, poised to conclude the year as the 10th highest-grossing film—trailing behind popular titles like Barbie and Oppenheimer. Presently holding the fourth position on Prime Video's real-time most-watched list, fervent supporters aim to take it to the top spot. However, critics contend that the film shouldn't be accessible for viewing at all.

Blockchain security firms are cautioning crypto projects and investors about the looming threats of more sophisticated AI-powered scams in 2024.