Experts Financial News

Jubilant Foodworks Ltd. gained 2.22 per cent to Rs 577.55 at 10:05AM (IST) in Friday's trade. The scrip has hit a high of Rs 578.55 and low of Rs 565.9 so far during the session.

₹820.05 in morning trade on BSE on Friday, December 22, a day after the company said the government had granted a one-time exemption to it to achieve minimum public shareholding of 25 per cent. LIC share price opened at ₹805.05 against the previous close of ₹764.55 and soon jumped 7.3 per cent to hit its 52-week high.

SBI Long Term Equity Fund offered the highest return of around 33.99% in 2023. Motilal Oswal ELSS Tax Saver Fund offered 32.76%. ITI ELSS Tax Saver Fund gave around 31.54%. Bank of India Tax Advantage Fund gave 30.49% in 2023.

Taking cues from the price of yellow metal in the international market, MCX February gold futures were trading at Rs 62,748 per 10 grams in the opening trade, up Rs 245 or 0.39%. Meanwhile, the March Silver futures were trading at Rs 75,683 per kg, higher by Rs 257 or 34%.

Covid-19 LIVE updates However, 16 states and union territories including West Bengal, Odisha, and Himachal Pradesh among others have not reported any Covid cases this time. JN.1 Covid variant: Delhi, Kerala, and other states review coronavirus situation According to the health ministry's data, Kerala accounts for 2,606 active cases of the total of 2,997 cases as of Friday 9 am data. Covid cases in Karnataka stand at 105 and in Maharashtra at 53.

Lupin Ltd. traded at Rs 1281.2 on BSE at 10:10AM (IST) on Friday, up 2.04 per cent. The stock quoted a 52-week low price of Rs 628.1 and a high of Rs 1319.9.

HCL Technologies Ltd.(up 1.29 per cent), Wipro Ltd.(up 1.25 per cent), Coforge Ltd.(up 1.14 per cent), Persistent Systems Ltd.(up 0.96 per cent) and LTIMindtree Ltd.(up 0.83 per cent) were among the top gainers. Infosys Ltd.(down 0.17 per cent) were the top losers on the index.

Vedanta Ltd. traded at Rs 261.05 on BSE at 10:15AM (IST) on Friday, up 1.97 per cent from previous close. The stock quoted a 52-week low price of Rs 207.85 and a high of Rs 340.75.

Cholamandalam Investment & Finance Company Ltd. traded 2.13 per cent up at Rs 1256.05 on Friday at around 10:20AM (IST), while the benchmark BSE Sensex advanced 248.31 points to 71113.41. As many as 11,163 shares changed hands on the counter with a total value of Rs 1.39 crore.

Russia’s digital ruble will affect the commercial banking sector’s liquidity, experts have claimed as the nation prepares for a CBDC rollout.

Ashok Leyland, Balrampur Chini, Delta Corp, The India Cements, Hindustan Copper, Manappuram Finance, RBL Bank and Steel Authority of India (SAIL). The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban is reversed only if the open interest falls below 80%. Traders who trade in indices do not encounter a situation of security ban. MWPL for Ashok Leyland stood at 88.1% on Thursday with OI reported by Trendlyne at 78.1 million. It was down by 5.6% from the previous session. MWPL for Balrampur Chini stood at 95.7% on Thursday with OI reported by Trendlyne at 9.6.

At a time when major economies globally are facing growth headwinds, India is in a sweet spot, and foreign investors are looking to India for their growth portfolios, says Rajesh Bhatia, chief investment officer at ITI Mutual Fund. The key industries beckoning foreign investors in India in 2024 include healthcare and insurance, fintech, renewable energy, automobiles, real estate and infrastructure, among many others, Bhatia said in an interview with ETMarkets. “These have all been on a hot streak in 2023, as foreign direct investment (FDI) policies have relaxed in recent years, and production-linked incentive (PLI) schemes have promoted industry-wise capacity building,” he said. Edited excerpts: How has the year 2023 largely been for the funds managed by you? If we look at the financial year, then FY23 was a flat year for the indices. However, it was also a “stock-pickers” market, meaning analysts who could diligently assess the prospects of individual companies and businesses, did better.

Investors in Adani stocks, who were used to making astonishing returns by betting on Gautam Adani's business acumen, were in for a rude shock in 2023 when the combined market capitalisation of the conglomerate fell by around Rs 6 lakh crore because of the Hindenburg controversy. At the end of 2022, the total market value of all 10 listed Adani companies was Rs 19.6 lakh crore which has now fallen down to Rs 13.6 lakh crore. While many Adani stocks have managed to recoup a part of their Hindenburg-led losses, Adani Total Gas remains 74% down on a year-to-date (YTD) basis. The stock, which had gone close enough to nearly touch the Rs 4,000-mark is now struggling to inch above the Rs 1,000 mark. Shares of Adani Energy Solutions are also down 61% YTD.

Noida resident has tested positive for Covid, in a first case of the infection in Uttar Pradesh's Gautam Buddh Nagar after several months, officials said. The patient is a 54-year-old male who lives in Noida but works at a multinational company in Gurugram, Gautam Buddh Nagar Chief Medical Officer Dr Sunil Sharma said on Thursday.

renewable power by 2030 has set the ball rolling for the domestic energy sector. Of this, over 172 GW has been commissioned, leaving a big opportunity for the remainder of the decade. While this looks like an attractive proposition, finding the right investment involves weighing several factors. Renewable energy installed capacity has increased 11% annually in the last eight years, while total fossil fuel capacity grew by 3.2%.

“We continue to champion the key theme of old economy sectors, which we believe will drive the market for at least the next two years," says Anirudh Garg, Partner & Fund Manager, INVasset, PMS In an interview with ETMarkets, Garg said: “The theme includes sectors like railways, defence, infrastructure, power, capital goods, and PSU banks,” Edited excerpts: Sensex touched 70K while Nifty50 was above 21K — we got a Fed boost towards the close of the week. What is your view on the market? Our stance remains firm on the ongoing secular bull market. Reflecting on our previous conversation, we highlighted the potential for market corrections down to the 200-day moving average, a scenario exemplified by the Sensex’s dip to 63k on October 26th.

Catch all the LIVE updates on Covid and the sub-variant JN.1 hereWith JN.1 variant fueling another COVID surge in India, Dr Soumya Swaminathan, former WHO chief scientist, said that the new strain should not be dismissed as a ‘common cold’ and warned saying ‘let's not take things lightly’ this time. Read more hereCovid news LIVE updates: A Noida resident has tested positive for Covid, in a first case of the infection in Uttar Pradesh's Gautam Buddh Nagar after several months, officials said on Thursday.The patient is a 54-year-old male who lives in Noida but works at a multinational company in Gurugram, Gautam Buddh Nagar Chief Medical Officer Dr Sunil Sharma said."His test sample has been sent to Delhi for genome sequencing.

Buy or sell stocks for today: After worst sell off in last 10 months, Indian stock market bounced back and ended higher on Thursday. Nifty 50 index ggained 104 points and closed at 21,255 levels, BSE Sensex shot up 358 points and ended at 70,865 mark whereas Bank Nifty index finished 394 points higher at 47,840 levels.

Catch Live Market Updates here On December 21, the domestic equity market witnessed a healthy bounce back and ended higher amid across-the-board buying. The Sensex ended 358.79 points higher at 70,865.10, while the Nifty 50 gained 104.90 points, or 0.50%, to settle at 21,255.05. Nifty 50 formed a bullish piercing candlestick pattern on the daily chart, indicating potential bullish momentum.

Day trading guide for today: Indian stock market witnessed a healthy bounce back on Thursday after a sharp selloff seen on Wednesday. Nifty 50 index ggained 104 points and closed at 21,255 levels, BSE Sensex shot up 358 points and ended at 70,865 mark whereas Bank Nifty index finished 394 points higher at 47,840 levels. Broad market indices rose more than the Nifty 50 index even as the advance decline ratio rose sharply to 3.66:1.

Zomato, One 97 Communications (Paytm) and FSN E-Commerce Ventures (Nykaa) — improved their ET500 ranks in FY23, Delhivery slipped lower. The sharper focus on the post-listing financials of startups has tempered the exuberance while forcing companies to shift focus from gross merchandise value to unit economics and profitability. The funding winter has added to the pressure on new-age companies to tighten belts and reorient their business.