Experts Financial News

Apple on Tuesday appealed a decision to ban imports of its watches based on a complaint from medical monitoring technology company Masimo, after US President Joe Biden's administration declined to veto a government tribunal. The tech giant also filed an emergency request on Tuesday for the US Court of Appeals for the Federal Circuit to halt the ban.

Malaysia Airlines flight MH370 could be solved soon. It may bring to an end what is regarded as one of the most perplexing aviation mysteries of all time. It all began on March 8, 2014, when the Malaysia Airlines passenger jet with 227 passengers and 12 crew members onboard vanished. It was a normal flight from the Malaysian city of Kuala Lumpur to the Chinese capital Beijing. The flight was commanded by senior pilot Zaharie Ahmad Shah, and first officer, Fariq Hamid and everything seemed perfect for the first 40 minutes of Flight MH370. But the flight lost contact and went out of radar all of a sudden.

last week's gains of about three per cent after Houthi attacks on ships disrupted global shipping and trade while the Israel-Hamas conflict shows no sign of easing. Brent crude futures were up by $1.79, or 2.3 per cent, at $80.86 a barrel and earlier reached $81.23, the highest since December 1. US West Texas Intermediate crude rose by $1.89, or 2.6 per cent, to $75.45, according to news agency Reuters.

Scientists have alarmed Android device owners as a new version of the malware that poses a serious threat to the security of Android devices has been discovered, named ‘Chameleon Trojan’. This malware has the ability to disable biometric authentication methods, such as fingerprint and face unlock, in order to steal the phone’s PIN.

Also Read: Nifty 50 set to clock healthy double-digit gains in 2023; what are the key challenges for the market in 2024? Among key broader indices, the Nifty Smallcap 250 represents 250 companies (companies ranked 251-500) from Nifty 500. This index intends to measure the performance of small market capitalisation (MCap) companies.

Mint had reported last month. “Private actors have jumped into this space and LEOs (low earth orbit) are the reasons today that we’ve been using satellite for GPS in your car, in your watch when you were running, for checking weather forecast, so now we see clearly, space is for all, that’s why we believe that 2024 will be a special year for space," said Capgemini chief innovation officer, aerospace and defence, Patrice Duboe.

NEW DELHI : India’s peak power demand has remained elevated over the past week amid the winter chill, keeping it above the 200 GW level since 19 December. On Monday, peak power demand stood at 206.421 GW, show data from the Grid Controller of India. Electricity demand shoots up in winters due to the use of heating appliances and geysers.

Happy Forgings will list on the exchanges on Wednesday. Ahead of the listing, the company's shares are commanding a premium of Rs 282 in the unlisted market. Considering the upper price band of Rs 405, the stock is likely to list with a premium of 70%. However, it is important to note that grey market premia are just an indicator of how the company's shares are stacked up in the unlisted market and are subject to change rapidly. The issue received a strong subscription of 82 times at close. Also Read: Mutual fund inflows swell 125% in 2023, AUM headed towards Rs 100 lakh crore in few years: ICRA The massive subscription of the IPO was driven by institutional investors.

Nifty Bank bounced back on Tuesday to close above its crucial resistance level of 47,500, tracking positive cues. The index closed with gains of over 200 points at 47,724. The Nifty50 index moved up more than 90 points to close above 21,400 level. The rally in the Nifty Bank index was led by gains in Kotak Bank, Bank of Baroda, HDFC Bank, Axis Bank, and SBI. Volatility index India VIX surged by ~7% to 14.65.

recession this year — and that was an optimistic take compared to the 100% probability of a recession forecast two months earlier. Meanwhile, US Federal Reserve Chair Jerome Powell, drawing upon the work of his highly able staff, expressed fear in March that bringing down the rate of inflation would cost millions of American jobs. And yet none of this has happened.

Sunil Subramaniam, MD and CEO of Sundaram Mutual Fund underscores the growing might of domestic investors. He highlights that retail investor behaviour during periods of volatility will be a challenge that could crop up in 2024 and needs to be appropriately addressed. In an interview with Mint, Subramaniam shared his views on the domestic market, economy and the upcoming Budget. Edited excerpts: The year has been a great one for the markets as domestic flows, especially the SIP (systematic investment plans) book, have been strong and giving buying support whenever FPIs (foreign portfolio investors) flows have slackened.

Gujarat lifts liquor ban in GIFT city: Netizens say ‘don't have to go to…' Besides, the seminar aims to facilitate an exchange of ideas among major stakeholders, shaping the trajectory of Gujarat's progress for the years to come. Further, the official said that the the session will foster collaborative deliberations across various themes and chapters, engaging global industry stakeholders, experts, and influential players.

Avenue Supermarts Ltd. gained 0.22 per cent to Rs 4022.3 at 02:00PM (IST) in Tuesday's trade. The stock hit a high of Rs 4038.7 and low of Rs 3985.25 so far during the session.

Bharat Electronics, a Navratna PSU under the Ministry of Defence, Government of India, jumped 5.5% to hit a new all-time high of ₹184.50 apiece in today's trade after the company received orders worth ₹678 crore. In today's exchange filing, the company said it had signed a contract for a value of ₹445 crore with the UP government for the next-generation UP Dial 112 project.

MphasiS Ltd. traded at Rs 2708.25 on BSE at 02:10PM (IST) on Tuesday, down 1.15 per cent. The stock quoted a 52-week low price of Rs 1660.65 and a high of Rs 2763.25.

fiscal deficit is likely to breach the government’s target of 5.9% in FY24 owing to higher revenue expenditure and lower than budgeted nominal GDP, ratings agency India Ratings and Research said Tuesday. It noted that although higher tax and non-tax revenue collections may offset the shortfall in divestment earnings, a likely second supplementary demand for grants will upset fiscal calculations, pushing the deficit to 6% of GDP. “Higher-than-budgeted revenue expenditure triggered through the first and likely second supplementary demand for grants in combination with lower-than-budgeted nominal GDP will push the fiscal deficit to 6.0% of GDP, 10bp higher than budgeted 5.9%,” said Ind-Ra researchers. The government recently brought in one supplementary demand for grant of Rs 58,380 crore to cover higher spending on fertiliser subsidy and Mahatma Gandhi National Rural Employment Guarantee Programme. “Through the first supplementary demand the union government will spend more on prioritised areas/sectors such as food, fertiliser and LPG subsidy and National Rural Employment Guarantee Scheme,” Ind-Ra said. The government is expected to spend Rs 57,360 crore on fertiliser subsidy compared with Rs 44,000 crore budgeted earlier.

RBZ Jewellers will list on the exchanges on Wednesday. Ahead of the listing, the company's shares are commanding a premium of Rs 0 in the unlisted market. If we consider the upper price band of Rs 100, the stock is expected to see a lacklustre debut and it can even list at a discount. However, it is important to note that grey market premia are just an indicator as to how the company's shares are stacked up in the unlisted market and are subject to change rapidly. Also Read: Bumper Start! Motisons Jewellers shares list at 98% premium over issue price RBZ Jewellers IPO subscription The public offer of RBZ Jewellers was subscribed 16.72 times at close.

In Tuesday’s trading session, the following five stocks witnessed a build of fresh long positions. Let's first understand how this conclusion is reached whether the stock has seen a buildup of fresh long position or not.

Hindalco Industries with a target price of Rs 675. The current market price of Hindalco Industries is Rs 579.5.

Fundamental investing is always deemed preferable and fruitful over a long-term but short-term trading, especially for seasoned traders with a knack of technical knowledge, could also be a money minting exercise. All one needs is to be agile and understand market psychology.

Vedanta Ltd. traded at Rs 261.75 on BSE at 01:19PM (IST) on Tuesday, up 0.76 per cent. The stock quoted a 52-week low price of Rs 207.85 and a high of Rs 340.75.