Experts Financial News

Gold prices finished above $2,000 for the fifth straight week, with Comex Feb futures ending the week at $2066.90, up by 2.4% as the dollar lost the plot to dip sharply to five-month lows of 101.4 level after the release of PCE data on Friday. Gold prices are up 13% ytd heading into the last trading week of the year. The 10-year US yields finished at 3.90 on Friday, recovering from the lows of 3.81% after the New homes sales data. The ten-year yields closed with a weekly loss of around 0.75%.

Happy Forgings IPO timeline After the allotment gets finalised, investors can expect the transfer of shares in their demat accounts on December 26, Tuesday. For those who did not get allotment, the refunds are likely to be made by Tuesday.

continue their run on Dalal Street, retail investors have more reasons to cheer than one. Sceptics may say that the music may stop anytime, but the optimists argue that it is hard to stop dancing when the music is still on. Both benchmark indices have hit their lifetime highs in quick succession on numerous occasions in the past couple of months.

Prabhas' latest movie, 'Salaar: Part One- Ceasefire,' directed by Prashanth Neel, has taken the box office by storm, becoming the biggest opener of 2023. The mass action film, featuring Prabhas, Prithviraj Sukumaran, and Shruti Haasan in pivotal roles, shattered the first-day collections of major releases like 'Animal,' 'Jawan,' and 'Pathaan.'

In 2023, gold demonstrated remarkable returns, outperforming expectations and serving as a strong asset for investors amid economic uncertainties and market fluctuations, says Narinder Wadhwa, National President at Commodity Participants Association of India (CPAI). A notable 13% return in gold during 2023 underscores its resilience as an investment, attracting investors seeking stability and a hedge against economic uncertainties, he adds. Edited excerpts:

Chatbot serves the purpose of sparing users from the hassle of sifting through user manuals and brochures to find basic information. Any user who is registered on the Jeeplife mobile app can effortlessly interact with the Jeep Expert application. The notable features of the Jeep Expert include round-the-clock customer support, addressing inquiries related to the brand, product features, basic off-roading capabilities, service advice, user manuals, connectivity features, and more.

The IPO of Azad Engineering was subscribed 80.6 times on the last day of the bidding process. The category reserved for QIB was subscribed the most at 179 times, followed by NIIs at 87 times.

Both these expectations went wrong, and despite money supply shrinking the world over, the world GDP grew higher than expected driven by Japan and the US, which recorded 4.8-4.9% GDP growth in certain quarters higher than EM. With the US expected to end 2023 with a 2.6% growth in its GDP and Japan at 2%, the world economy expanded as against witnessing a “recession”. This came at the cost of higher fiscal spending, however.

This lack of discernment can lead to disappointment, as high return expectations clash with inadequate research. This article sheds light on a more structured approach – factor investing – to streamline the investment process and avoid falling into the trap of labelling the stock market as a mere ‘gambler's place’. What is Factor Investing? Factor investing involves attributing the returns of your equity portfolio to specific factors such as value, quality, volatility, and market capitalisation. These factors act as persistent and well-documented drivers of asset class returns, offering investors insights into expected returns and aiding in seeking outperformance or managing risks effectively. With the accessibility of exchange traded funds (ETFs), factor investing is no longer confined to the elite, presenting a balanced mix of passive and active investment management. Understanding Long-term Drivers of Equity Returns Value Factor This factor indicates that stocks with low P/E multiples or high earnings yield tend to offer higher returns, especially during stock market recoveries. Momentum Factor Strong price momentum effects have been observed in various asset classes globally, indicating that past winners continue to outperform losers. Growth Factor This factor gauges a company's potential based on historical or projected growth rates, signalling potential strong future stock price performance. Quality Factor The quality factor is based on complex accounting information, focusing on companies with little divergence between accrual and cash earnings. Size Factor Smaller companies, such as midcaps and smallcaps, are believed to outperform larger peers over the long run due to untapped markets and growth

Motisons Jewellers IPO: After allotment of shares, lucky allottees are eagerly waiting for Motisons Jewellers IPO listing date, which is fixed on 26th December 2023. Those who have applied for the book build issue need not to move from pillar to post and check Motisons Jewellers IPO allotment status. They can check their application online by logging in at the BSE website or at the website of Motisons Jewellers IPO refistrar — Link Intime Private Limited.

Adani Enterprises (down 27 per cent) and UPL (down 19 per cent) - in the red this year so far. Stocks such as Tata Motors and NTPC have surged 87 per cent and 82 per cent, respectively. As many as 27 Nifty 50 stocks have gained over 20 per cent while 40 stocks have gained over 10 per cent in the year so far.

JN.1 subvariant of Covid-19. However, no clustering of cases has been observed, and all instances of the subvariant exhibit mild symptoms.

An early and influential thought experiment in the artificial intelligence doom literature is coming true—the paperclip maximizer scenario, except the world isn’t filling up with superfluous, unwanted paperclips. It’s filling up with predictions of AI doom. For the same reason Hollywood doesn’t make non-disaster movies in which planes aren’t hijacked and cruise ships don’t overturn and sink, an AI expert is condemned to invisibility who doesn’t emphasize the alleged “existential" risk.

Apple has opened negotiations in recent weeks with major news and publishing organisations, seeking permission to use their material in the company's development of generative artificial intelligence (AI) systems, according to four people familiar with the discussions. The technology giant has floated multiyear deals worth at least $50 million to license the archives of news articles, said the people with knowledge of talks, who spoke on the condition of anonymity to discuss sensitive negotiations. The news organizations contacted by Apple include Condé Nast, publisher of Vogue and The New Yorker; NBC News; and IAC, which owns People, The Daily Beast and Better Homes and Gardens.

Su-34 fighter-bomber aircraft on Friday on the southern front, hailing it as a success in the 22-month-old war. The Russian military made no mention of the incident. But Russian bloggers acknowledged the loss, and analysts suggested U.S.-supplied Patriot missiles had probably been used. Reuters could not independently confirm the reports. «Today at noon in the southern sector — minus three Russian Su-34 fighter-bombers!» Ukrainian Air Force Commander Mykola Oleshchuk wrote on the Telegram messaging app. Air Force spokesperson Yuri Ihnat described it on national television as a «brilliantly planned operation.» «There haven't been Su-34s for some time in our positive statistics,» he said, citing the model as one of Russia's most modern aircraft for bombing and other assaults. Zelenskiy in his nightly video address praised the Odesa region anti-aircraft unit for downing the planes in Kherson region. The region was occupied in the first days of Moscow's February 2022 invasion.

Oaktree Capital on Thursday provided ₹3,400 crore debt facilities to Vedanta Ltd for a term of 18 months at 12%, said people with knowledge of the matter. India-listed Vedanta has raised funds around the time its holding company is working round the clock to arrange funds to refinance its upcoming $1-billion bonds, which are due January 2024. Three different funds of Oaktree Capital provided debt to Vedanta Ltd by subscribing to the secured, unlisted non-convertible debentures (NCD). Oaktree has stipulated that Vedanta would have to pay 17% interest on the debt in the event of a default, the people said. The proceeds will be used for general corporate purposes.

external affairs ministry announced that, as part of its development assistance programme, India has extended 308 lines of credit aggregating to $32.02 billion to partner countries over the years. Of this, about $17.06 billion has been extended to Asia, $12.15 billion to Africa and $2.81 billion to others, it said. Around 600 projects have been taken up and executed in several sectors, including infrastructure, power, connectivity, agriculture, education and health, the minister of state for external affairs V Muraleedharan informed the Rajya Sabha on Thursday. He said grant assistance projects are concentrated primarily in India’s neighbourhood in Afghanistan, Bangladesh, Maldives, Myanmar, Nepal, Sri Lanka and Bhutan. “India’s developmental projects are based on the needs and aspirations of the partner countries. The main instruments of support include lines of credit, grants-in-aid as well as capacity building programmes.

electric vehicle.While “range anxiety” used to be a factor in purchasing an electric vehicle years ago given their novelty and limited charging infrastructure, times have changed and consumers have less to worry about how far their EV can go, experts told Global News.“Range has improved,” said Mark Marmer, the owner and founder of energy consultant Signature Electric. “Now most cars and trucks have at least about a 300- to 350-kilometre range, which is a reasonably comfortable thing.”That’s compared with eight to 10 years ago, when EVs only had a range of 150 to 200 kilometres, Marmer said.

As approval for a spot bitcoin ETF from the U.S. Securities and Exchange Commission (SEC)  looms closer and closer, research experts are still expecting the federal agency’s approval deadline to occur before January 10th, 2024 despite a series of grueling last-minute changes.

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