Experts Financial News

Benchmark NSE Nifty index rose 110.85 points to 21460.25 amid buying in frontline bluechip stocks. However, stocks such as Bajel Projects, Penta Gold, SS Infrastructure, Raj Rayon and GIR Natureview, touched their fresh 52-week low.

Madhav Marbles and Granites(up 8.08%), Lexus Granito(up 4.38%), NMDC Ltd(up 3.30%), 20 Microns(up 2.69%), Pokarna(up 2.02%), Coal India(up 1.72%), Sandur Manganese & Iron Ores(up 1.37%), Gujarat Mineral Dvpt Corporation(up 0.88%), Orissa Minerals Development Company(up 0.54%) and MOIL(up 0.36%) were among the top gainers. Oriental Trimex(down 1.51%) and KIOCL(down 0.34%) were among the top losers.

SRF Ltd. gained 1.12 per cent to Rs 2480.7 at 11:27AM (IST) in Tuesday's trade. The scrip hit a high of Rs 2529.6 and low of Rs 2460.35 so far during the session.

announced, " This is in continuation to the disclosure made by Infosys via a letter dated September 14, 2023, titled “Company Update" with respect to a Memorandum of Understanding with a global company which was subject to parties entering into a Master Agreement. The global company has now elected to terminate the Memorandum of Understanding, and the parties will not be pursuing the Master Agreement." The agreement between Infosys and the company was planned as a 15-year commitment, with the Memorandum of Understanding (MoU) signed on September 14, 2023. "Infosys has entered into a Memorandum of Understanding with a global company to provide enhanced digital experiences, along with modernization and business operations services, leveraging Infosys platforms & AI solutions.

small-cap segment going forward. Certainly, you have the ability to make a ton of money if you hit the (buy) button at the right time. Equally too, be prepared to lose money (and your hair).

GAIL (India) Ltd. traded at Rs 156.65 on BSE at 10:05AM (IST) on Tuesday, up 3.43 per cent from previous close. The stock quoted a 52-week low price of Rs 90.7 and a high of Rs 157.75.

Sikko Industries(up 15.05%), Nagarjuna Fertilizers & Chem(up 4.02%), ZUARIAGRO(up 2.25%), Mangalore Chemicals & Fertilizers(up 2.09%), Khaitan Chemicals & Fertilizers(up 2.01%), Agro Phos(up 1.91%), Madhya Bharat Agro Products(up 1.62%), Paradeep Phosphates(up 1.52%), Krishana Phoschem(up 0.96%) and National Fertilizer(up 0.71%) were among the top gainers. Aries Agro(down 0.57%) and Madras Fertlizers(down 0.56%) were among the top losers.

rupee appreciated 3 paise to 83.13 against the US dollar in early trade on Tuesday, tracking positive cues from domestic equity markets and a weak American currency against major overseas rivals. However, forex traders said the Indian currency remained under pressure due to selling of equities from foreign institutional investors amid volatility in crude prices. At the interbank foreign exchange, the domestic currency opened at 83.17 and touched the highest level of 83.10 against the greenback.

Muthoot Microfin listed at a discount of 5% on the exchanges on Tuesday. The stock debuted at Rs 275.3 on NSE, down 5.4%, compared to the issue price of Rs 291.

Macrotech Developers Ltd.(up 1.75 per cent), Godrej Properties Ltd.(up 0.98 per cent), Prestige Estates Projects Ltd.(up 0.9 per cent), DLF Ltd.(up 0.37 per cent) and Mahindra Lifespace Developers Ltd.(up 0.27 per cent) were among the top gainers. Phoenix Mills Ltd.(down 1.65 per cent), Swan Energy Ltd.(down 0.29 per cent), Brigade Enterprises Ltd.(down 0.08 per cent) and Oberoi Realty Ltd.(down 0.06 per cent) were the top losers on the index.

Tube Investments of India Ltd. traded 1.86 per cent up at Rs 3644.5 at 10:15AM (IST) on Tuesday, even as BSE benchmark Sensex gained 149.79 points to 71256.75.

Motisons Jewellers IPO: Listing date for the initial public offering (IPO) of Motisons Jewellers Limited has been fixed on 26th December 2023. As per the information available on BSE website, Motisons Jewellers share price will list on BSE and NSE during Tuesday deals in special pre open session. Motisons Jewellers IPO listing will take place in trade-to-trade category and Motisons Jewellers share price will remain in this category for 10 sessions post-listing.

Suraj Estate IPO: Listing date for the initial public offering (IPO) of Suraj Estate Developers Limited has been fixed on 26th December 2023. As per the information available on BSE website, Suraj Estate share price will list on BSE and NSE during Tuesday deals in special pre open session. Suraj Estate IPO listing will take place in 'B' group of securities.

Catch Live Market Updates here On Friday, the domestic equity indices ended higher tracking positive cues from global peers. The Sensex surged 241.86 points to close at 71,106.96, while the Nifty 50 settled 94.35 points, or 0.44%, higher at 21,349.40. On a weekly basis, Nifty 50 closed 0.5% lower after making a large high-low candle.

Russia's oil processing in the past week remained close to its highest daily refining runs in more than eight months amid decreased seaborne exports. The nation's refineries processed around 5.65 million barrels of crude a day from Decemner 14 to 20, according to a person with knowledge of the matter. That's down some 50,000 barrels a day, or 0.88%, from the previous seven days, when average daily refinery runs reached the highest since early April. Russian daily crude refining in the first 20 days of December averaged around 5.57 million barrels a day, up almost 60,000 barrels a day on most of November, according to Bloomberg calculations based on historic data. Russia's refinery runs are scrutinized by oil market watchers as it's one of the key remaining gauges alongside seaborne crude exports to follow trends in the nation's production after the government classified official output data amid international sanctions. Daily overseas crude supplies from Russian ports fell sharply to 3.18 million barrels a day in the week to Dec.

Oil prices were little changed on Tuesday as investors focused on geopolitical tensions in the Middle East and optimism the U.S. Federal Reserve would soon start cutting interest rates, lifting global economic growth and fuel demand. Brent crude futures fell 26 cents, or 0.3%, to $79.13 a barrel by 0115 GMT while U.S.

Stocks that were in focus include names like GAIL, which rose 7%, Polycab, which fell 4%, and Hindustan Copper, whose shares jumped 8% on Friday. Here's what Pravesh Gour, Senior Technical Analyst, Swastika Investmart, recommends investors should do with these stocks when the market resumes trading today. GAIL The stock has experienced a breakout from a symmetrical triangle formation on its daily chart, accompanied by robust trading volume. Following a successful retest of its last breakout level at approximately Rs.

Nifty is poised to take a pause and consolidate, maintaining a positive bias within the broader range of 21,600-20,800. Analysts suggest that any potential breakout above 21,600 could propel the index to a new all-time high within the range of 22,000-22,200. Stocks such as L&T, Reliance, HDFC Bank, Manappuram Finance, Maruti, GAIL, Hindalco, Arvind Fashion, Hind Oil Exploration, Graphite, Engineers India, Persistent, Mphasis, and Cummins are expected to sustain strong buying interest, according to analysts. ARPAN SHAH, SENIOR RESEARCH ANALYST, MONARCH NETWORTH CAPITAL Where is the Nifty headed this week? Nifty has rallied from 18,850 to 21,593 in the last two months.

Asset managers turned bullish on the yen from bearish for the first time since May on the growing view that the Bank of Japan will probably end its ultra-easy policy in 2024 while its major peers cut interest rates. The latest Commodity Futures Trading Commission data for the week through Dec.

debt markets appear to have come of age, with companies that defaulted on repayment deadlines still able to face potential investors and raise funds, promising a turnaround in their fortunes. Recently, a real estate company with a D rating (indicating default) raised ₹95 crore from the private placement bond market — sending early signs of the evolution of the junk bond market in India. Mumbai-based Damji Shamji Realty raised ₹95 crore from the bond market in mid-December despite being assigned a D rating by India Ratings and Research, according to a stock exchange disclosure.

The yen meanwhile steadied near its recent five-month peak on the prospect that the Bank of Japan (BOJ) could soon mark an end to its ultra-easy policy. For most of 2022 and 2023, the policy has kept the Japanese currency under pressure as other major central banks globally embarked on aggressive rate-hike cycles. Currency moves were largely muted in the day after Christmas, with markets in Australia, New Zealand and Hong Kong still out for the Boxing Day public holiday. Against the greenback, the euro slipped 0.06% to $1.1019, but was not too far from a more than four-month top of $1.1040 hit last week. Sterling was little changed at $1.2701, while the Australian and New Zealand dollars were huddled near their recent five-month peaks. The dollar index languished near a five-month low of 101.42 hit last week, and was last at 101.65. Data released on Friday showed U.S.