Experts Financial News

Vedanta Ltd has paid the interest due to its bondholders on Wednesday for non-convertible debentures worth ₹2,500 crore. Interest on these unlisted, redeemable debentures was due on December 27 itself, the company said in a notification to exchanges. These debentures, with a face value of ₹100,000 each and a quarterly interest payout, were allotted earlier this year, and will mature in March 2025. Earlier this month, the company’s board also approved raising ₹3,400 crore through non-convertible debentures on a private placement basis. In a separate development, Meenakshi Energy has become a wholly-owned subsidiary of the company after it allotted 10,00,000 shares to the company, bearing a face value of ₹10 each. Vedanta acquired the Andhra Pradesh-based power producer under the Corporate Insolvency Resolution Process earlier this year.

Sharekhan said the inability to determine the market movement and lack of trading know-how among newbie futures and options traders are the main reasons for losses. The firm, which conducted the study with analytics firm Kantar, said 32% of such traders couldn’t judge the market movement, while 13% claimed a lack of enough trading knowledge. More than half of the survey participants of traders surveyed claimed they buy more to average out their losses in trades, said Sharekhan, terming the findings of its ‘Serious About The Markets’ pan-India study a ‘worrying’ trend. “While we were happy to find out that newcomers are quite aware of the risks and their own lack of knowledge we are concerned about the survey’s findings on the approaches taken to decide where to trade in F&O and the lack of required discipline when it comes to trading,” said Jean-Christophe Gougeon, Chief Marketing Officer, Sharekhan, in a release. The study said 40% of newbie traders claim that their main reason for entering the Futures & Options segment is because of a chance of making quick and easy money, while 48% of them believe that 30% to 50% of people are consistently making ‘good returns’ from the F&O segment. According to the study, 35% of these traders do not use or apply any specific trading strategy, which can often lead to risky trading decisions.

Attrition levels across India Inc dropped to 17% in 2023 from 19.7% in 2022 on the back of a subdued job market, macroeconomic headwinds, layoffs across sectors, and an uncertain future environment. As the tech industry faced a global downturn and employees hunkered down to hold on to their jobs, the biggest drop in attrition has been in the IT/ITeS sector, where employee turnover fell to 15.5% in 2023 from 21.3% in 2022, according to the Deloitte attrition survey shared exclusively with ET.

COVID cases in recent weeks, largely due to the influx of a new strain JN.1, health experts have warned that this will increase the chances of potential heart issues for those who catch the disease. It could trigger a "heart failure pandemic" with experts sending a huge warning about a new and worrying «global healthcare risk». The researchers at Japan's top institute Riken have warned in a report that the ACE2 receptors that coronavirus clings to within human cells are «very common» in the heart. Consequently, many of those who get infected with the virus, suffer from «reduced cardiac function».

Does your year-end bonus look smaller than expected?

NEW DELHI/MUMBAI : Registrations by foreign portfolio investors in India this year were the fewest in at least 10 years, although foreign investments have continued to rush in. Market experts pinned the steep decline in registrations on global economic headwinds, while pointing out that FPIs already in India have delivered stellar returns in recent years.

1) Company Overview Kay Cee Energy & Infra is an engineering, procurement and construction (EPC) company providing specialized services of commissioning EHV power transmission lines to various government authorities and private entities. 2) Industry Overview India is the world's third-largest producer and second-largest user of energy. The installed power capacity in India has increased from 356 GW in fiscal 2019 to 416 GW in FY23.

renewable energy at breakneck speed in 2023, a trend that if amplified will help Earth turn away from fossil fuels and prevent severe warming and its effects. Clean energy is often now the least expensive, explaining some of the growth. Nations also adopted policies that support renewables, some citing energy security concerns, according to the International Energy Agency. These factors countered high interest rates and persistent challenges in getting materials and components in many places.

Sovereign Gold Bond (SGB) Series 2023–24 schedule for the fiscal year 2023-2024. Latest Sovereign Gold Bond (SGB) tranche issue price is the highest since launch in 2015

Domestic benchmark index NSE Nifty ended 213.4 points up at 21654.75, while the BSE Sensex closed 701.63 points up at 72038.43. On the other hand, Wonder Fibromats, Global Vectra, Keerti Knowledge, AksharChem Ltd and VL E-Governance & IT stocks hit their fresh 52-week highs today.

Nifty Bank closed higher on Wednesday for the second consecutive day in a row pushing the index to a fresh record high in line with the trend seen in the benchmark index. The Nifty Bank rallied more than 500 points to close at 48,282. The index hit a record high of 48,347.

Americans are expected to spend nearly $30 billion on gift cards this holiday, according to the National Retail Federation

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immigration consultancy firm in Gujarat's capital Gandhinagar were arrested by the state Crime Investigation Department (CID) on Wednesday for allegedly forging bank account statements of visa seekers, said an official. Investigation revealed that the accused trio used to prepare fake statements of their clients' bank accounts and attach the forged documents with their visa applications to get speedy approval from the authorities, said a release by the state CID (Crime and Railways). Embassy officials review bank statements to ensure that visa seekers meet the financial requirements for their intended stay in the host country.

RBZ Jewellers made a flat listing on the exchanges on Wednesday. However, post the listing, the stock jumped 5% and was locked in the upper circuit. The debut was in line with the subdued grey market trend, reflecting cautious investor sentiment towards the company despite its strengths. While RBZ Jewellers possesses strong fundamentals and a fair valuation on the surface, the significant risks cannot be overlooked, analysts said. «The flat listing serves as a stark reminder of the potential pitfalls associated with gold price volatility, client concentration, informal artisan arrangements, and intense competition.

The NSE Nifty index ended the session 213.4 points up at 21654.75, while BSE Sensex rose 701.63 points to 72038.43. In the Nifty index, Hindalco Industries Ltd.(up 4.44 per cent), UltraTech Cement Ltd.(up 4.17 per cent), Bajaj Auto Ltd.(up 3.79 per cent), Tata Motors Ltd.(up 2.97 per cent) and JSW Steel Ltd.(up 2.77 per cent) stood among the top gainers.

Rohit Srivastava, Founder, Indiacharts.com, says “there is some level of caution in chasing the same parts of the market that have been doing well. But that is where you would want to participate, see if there is a correction in the market, you would want to be in the PSUs or the realty sector and even the metals that have started to pick up now. It is just that the current levels and setup tell us that we should not get carried away by the FOMO effect of markets.” We are at lifetime high yet again. Bulls are charging again. What do you think about the levels going forward for the Nifty as well as the Bank Nifty? Rohit Srivastava: Remember this is the year-end holiday period.

NSE SME platform with a mild premium of 7.5% on Wednesday. Post the listing, there was heavy buying interest with the shares locked in a 5% upper circuit at Rs 105. The issue was priced at Rs 93 per share with a face value of Rs 10 each. The IPO was completely a fresh equity issue of 86.74 lakh shares and the company raised Rs 81 crore through the public offer.

You might not want Donald Trump for president, but you probably don’t want Liz Cheney either, judging by a recent piece in this newspaper. Checks and balances, she maintains, won’t work to contain Mr. Trump because he might have “allies" in Congress.

Mukul Agrawal portfolio: Shares of Concord Control Systems Ltd are one of the multibagger stocks that Indian stock market has delivered in 2023. In YTD time, Mukul Agrawal share's price has has risen from around ₹218 to ₹897.70 apiece levels, delivering to the tune of 300 per cent in YTD time. However, it seems that the railway stock still possess some upside steam.

Jai Bala, Chief Market Technician, Cashthechaos.com, says, “the banking index is the most vulnerable for reversal. It is a very long-term setup and the medium-term setup that is coalescing around the current levels. So, the 49,000 to 50,500 levels for the banking index is going to be pretty significant. One has to be extremely cautious about the banking sector and there is a great potential for a reversal around the 49,000 mark for the banking index.” After three trading sessions Nifty is finally back to new record high levels. Where do you see this market headed? What do you think is going to be the contributing factor for the market going forward when you look at the Nifty? Jai Bala: The markets are clocking new highs, but it lost momentum in multiple sectors. But this does not mean the markets are not continuing to go up. It is going to continue to go up. But we need an abundant amount of caution here and your allocation has to be quite light because we are in the late stages of the rally for the market that started from the middle of 2023.