Experts Financial News

Gold prices inched higher in holiday-thinned trade on Tuesday, helped by a weaker U.S. dollar and lower bond yields on rising prospects of interest rate cuts by the Federal Reserve as early as March next year. FUNDAMENTALS * Spot gold was up 0.2% at $2,056.80 per ounce, as of 0118 GMT. * U.S.

«Overall the mood of the market remains positive. We expect the market to remain range bound with stock specific action next week,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal. Here's breaking down the pre-market actions: STATE OF THE MARKETS Gift Nifty (Earlier SGX Nifty) signals a positive Nifty futures on the Gift Nifty traded at 21,418.50, up 24 points or 0.11%, signalling a positive start for Dalal Street.

markets to analyse a stock and its valuation trajectory. ET looks at the interpretation and accuracy of PE ratio and how investors can use PE ratio to assess a stock or company.

Out of the 166 companies listed, 136 closed higher on debut and 24 companies recorded over 99.5% gains on listing day. Goyal Salt had the highest listing day gains at 258% followed by Sungarner Energies and Basilic Fly Studio with 216% and 193.4% gains, respectively. The most visible aspect of SME IPOs was the subscription rates, said FYERS.

Equirus Securities has initiated coverage on IndiaMART InterMESH, parent of online marketplace IndiaMart, with a 'long' rating and a price target of ₹3,180 by March 2025. The price target implies an upside of 17% over the stock's Friday closing price of ₹2,710. The brokerage said IndiaMART is trading at a premium to multiples of classifieds-based models listed globally and in India, barring Info Edge.

RIL Reliance Industries Ltd (RIL) and Walt Disney Co signed a non-binding term sheet in London last week to move ahead with plans to create India’s largest media and entertainment business, ET reported. Aurobindo Pharma The US FDA conducted a pre-approval inspection (PAI) at a new injectable facility of Eugia US Manufacturing LLC (a step-down wholly owned subsidiary of Aurobindo Pharma). The inspection closed with 10 observations. Vedanta Vedanta arm Bharat Aluminium Co (BALCO) received Rs 84 crore GST demand from Bilaspur authorities for FY17-18 on account of various interpretational issues. Infosys A global company terminated the MOU for a $1.5 billion deal with Infosys.

In the rapidly evolving realm of cryptocurrencies, Launchpad XYZ, a comprehensive Web3 trading platform, is garnering significant interest among seasoned crypto experts. Its multifaceted functionalities and innovative approach have led to a remarkable presale achievement, amassing over $2.26 million in funds.

Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today.

Nostradamus has left an indelible mark on our collective imagination. Because he wrote in cryptic poems or quatrains, his words possess the quality of being perpetually open to reinterpretation to align with historical occurrences. Evaluating his 'accuracy' becomes a notoriously challenging task due to this characteristic.

NEW DELHI : The Union budget for 2024-25 may set aside ₹2 trillion for the agriculture ministry to help it expand the government’s flagship schemes on income support and crop insurance for farmers, two officials aware of the plans said. This will be a 39% increase in allocation for the ministry, which received ₹1.44 trillion in the 2023-24 budget. A bigger allocation may also help the ministry raise annual farmer income support from the current ₹6,000 to ₹9,000.

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

Israel-Hamas war, Egypt has put forward a proposal that include a ceasefire, a phased hostage release and the creation of a Palestinian government of experts who would administer the Gaza Strip and occupied West Bank, said a report by AP citing a senior Egyptian official and a European diplomat. The proposal has been presented to Israel, Hamas, the United States, and the European governments, said the report. According to the report, the proposal calls for an initial ceasefire of up to two weeks during which Palestinian militants would free 40 to 50 hostages, among them women, the sick and the elderly, in return for the release of 120-150 Palestinians from Israeli prisons.

Infosys share price impact: Infosys shares are anticipated to experience substantial volatility in Tuesday's trading session following the company's loss of a multi-year contract valued at USD 1.5 billion. Analysts expect shares of Infosys to open in the red in tomorrow's session.

Gift cards make great stocking stuffers — just as long as you don't stuff them in a drawer and forget about them after the holidays. Americans are expected to spend nearly $30 billion on gift cards this holiday season, according to the National Retail Federation. Restaurant gift cards are the most popular, making up one-third of those sales.

In the dynamic world of cryptocurrencies, the emergence of new and innovative tokens regularly reshapes the market landscape. Shiba Inu (SHIB) has been a remarkable success story, capturing the imagination of investors worldwide. However, as we move towards 2024, a new contender is emerging, poised to rival and potentially match SHIB’s market cap: Retik Finance (RETIK). This ambitious DeFi platform is not just another cryptocurrency; it represents a paradigm shift in how digital finance is perceived and utilized.

Nifty heavyweights — HDFC Bank, Reliance Industries, ICICI Bank and Infosys, have gained between 6.3%-7.9%, respectively, clearly bringing forth the point that largecaps across sectors have started an up move, and investor interest appears to be increasing in them, said Aamar Deo Singh, Senior Vice President-Equity, Commodity & Currency at Angel One. The smart money understands that at current levels, it would make sense to be largecap heavy rather than others, he added. Q: The world will be in a holiday mood this week, so what triggers do you see for Nifty and Bank Nifty and what will be key levels to watch out for? After posting consecutive weekly gains for the last seven weeks, Nifty took a breather on the back of some selling pressure witnessed in the banking space, particularly PSU banks. While on the one hand, Bank Nifty was down 1.35% WoW, Nifty PSU Bank was down 3% WoW. Other indices like auto, media, metals, IT, smallcap as well as midcap stocks ended in the red.

The S&P BSE Sensex rose more than 200 points, while the Nifty50 closed above the 21,300 mark on Friday. Sectorally, buying was seen in realty, IT, metal, auto, and healthcare stocks, while selling pressure was seen in the banking space. Stocks that were in focus include names like AstraZeneca Pharma, which rose more than 13% to hit a fresh high, Caplin Point, which gained more than 8%, and JB Chemicals, which closed with gains of over 9% to hit a fresh record high. We have collated a list of three stocks that either hit fresh 52-week highs or an all-time high or saw a volume or a price breakout. We spoke to an analyst on how one should look at these stocks the next trading day entirely from an educational point of view: Expert: Mitesh Karwa, Research Analyst Bonanza Portfolio AstraZeneca Pharma: Target Rs 6,000 | Stop Loss: Rs 4,950 AstraZeneca Pharma is seen breaking out of a rounding bottom formation on the weekly timeframe with a bullish candlestick and above-average volumes, which indicates bullish strength. The stock is making higher highs and higher lows and is trading above all its important EMAs.

gap between Reliance Industries Ltd's standalone and consolidated net profit has more than doubled to Rs 22,400 crore in the last couple of years, as the retail and telecom businesses housed in separate subsidiaries saw significant growth, a report said. «The gap between Reliance's standalone and consolidated profit after tax (PAT) has increased significantly — from Rs 8,400 crore in FY20 (April 2019 to March 2020) to Rs 22,400 crore in FY23, as telecom and retail have ramped up,» JP Morgan said in a note that used data from the firm's annual reports to reconcile the difference between the two reported profit numbers.

₹1,008.59 crore, which comprises a fresh issue of equity shares worth ₹400 crore and an offer for sale (OFS) of 71.59 lakh shares. The IPO was priced within the band of ₹808–850 per share. Also Read: Happy Forgings IPO allotment out.

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