Experts Financial News

Shares of Persistent Systems Ltd.(up 2.37 per cent), L&T Technology Services Ltd.(up 1.79 per cent), Coforge Ltd.(up 1.47 per cent), LTIMindtree Ltd.(up 1.3 per cent) and MphasiS Ltd.(up 0.78 per cent) ended the day as top gainers in the pack. On the other hand, HCL Technologies Ltd.(down 1.24 per cent) and Infosys Ltd.(down 0.02 per cent) finished as the top losers of the day.

Nifty 50 gained about 17 per cent in the same period. Stocks such as Punjab National Bank and Indian Bank surged over 50 per cent each this year while shares of Central Bank of India, Bank of Maharashtra and Union Bank of India jumped over 40 per cent each. Healthy growth in advances, net interest income (NII), reduction in gross NPAs and strong growth in profitability are some of the factors that boosted PSU bank stocks.

As top crypto coins like SHIB continue to surge, market analysts are looking for other top DeFi projects to recommend to investors. Consequently, they have identified one of the new ICOs: Rebel Satoshi, because of its impressive presale surge. Let’s get the latest from these projects.

PVR INOX, the country's largest multiplex network operators, with an unchanged price target of ₹2,200 apiece, citing strong box office (BO) collections led by a strong content pipeline across languages. This target reflects an upside of 27.38% for the stock from its current trading price of ₹1,727.

breach in the Lok Sabha raised concerns about the security screening at Parliament. Meanwhile, NDTV reported that the Ministry of Home Affairs issued a notification on Wednesday, saying that the CISF will replace Delhi Police as the agency in charge, and will take over all responsibilities, including frisking entrants.

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Amitabh Mohanty, MD and CEO of JM Financial Asset Management Ltd. In an interview with Mint, Mohanty shared his views on the Indian market and mid and small-cap space. Edited excerpts: It may not necessarily be a simple vote on account.

Indian stock market: How big is the Covid-19 risk for equities? Experts answer Domestic market benchmarks opened lower, tracking weak global cues, but rebounded sharply as the day progressed. The Nifty 50 touched its intraday low and high of 20,976.80 and 21,288.35, respectively, while the Sensex hit its intraday low and high of 69,920.39 and 70,958.71, respectively, during the session. Sensex finally closed the day with a gain of 359 points, or 0.51 per cent, at 70,865.10 while the Nifty 50 settled at 21,255.05, up 105 points, or 0.50 per cent.

Tata Steel , Jindal Steel and Power , JSW Steel and Steel Authority of India have seen their share prices rise 9-28% year to date during 2023. The gains have been led by strong steel demand in the country even though steel prices and raw material prices saw regular volatility. The steel demand remained exceptionally strong led by Government’s spending on Infrastructure during 2023.

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interest rate path. The pan-European STOXX 600 index fell 0.3% by 0817 GMT, on track to snap a two-day streak of gains. In a broad market selloff, shares of automobile and parts led the declines, falling 0.3%, while rate-sensitive real estate stocks slipped 0.6%. Focus will now shift to the final estimates of U.S.

Rahul Sharma, Director & Head — Technical & Derivatives Research, JM Financial Services, says “for the next couple of days, the market may face volatility. Weak hands are probably out of the market in yesterday's correction. Having said that, there are two levels to keep an eye on. One is 20,950; we reversed 25 points from that level in the morning, in the first half of the trading session today. So that remains a crucial support and that is where the put writers are also present both in the weekly as well as the monthly expiry.” Do you think there are any chances of visiting the morning lows or does it appear that the station has been taken out and now we are looking at higher levels? So two things. Yesterday's correction was more like the boy who cried wolf. Everybody was expecting that, it would be the FIIs who are selling at the year-end, booking profits, closing their books at a record high, etc, etc. But the data just does not prove that. In fact, they have added longs in index futures, they have added longs in stock futures on a down day. And even the cash figure, the sell figure was hardly anything to be worried about.

Bengaluru, underscores a paradigm shift. “Millennial aspirations, catalysed by robust economic growth and tech-driven affinities, propel a surge in home ownership.

Read here: Nifty 50 valuations are rich, offer 8-10% upside in 2024, says HDFC Securities; lists out stocks to accumulate next year Margin benefits for commodity consuming sectors due to deflation in commodity prices are largely done, so any growth hereon must be volume led, it said. The Retail Research at HDFC Securities has included Advanced Enzyme Technologies and Swaraj Engines in their fundamental picks and expects the stocks to give decent returns in two-to-three quarters. HDFC Securities forecasts revenue, EBITDA and PAT CAGR of 13.5%, 21% and 22% over FY23-25E for Advanced Enzyme Technologies which would be led by strong growth across all segments.

online doctor consultations, the platform empowers individuals to take charge of their health without the constraints of traditional healthcare practices. Teleconsultation is a transformative healthcare practice that leverages technology to facilitate remote consultations between patients and healthcare professionals. This innovative approach comes with a host of benefits, reshaping the healthcare landscape: Bajaj Finance Limited through its partner offers eBH Health Prime Max as a pocket-friendly teleconsultation plan which is available at an affordable premium of Rs.

Shipping Corporation of India and Great Eastern Shipping Company after correcting 1.7-5.8% on Wednesday though rebounded on Thursday , nevertheless analysts remain cautiously watchful. Houthi attacks have started disrupting and shutting down red sea merchant ships. Ever since the Israel- Hamas Conflict started on October 7th, there have been rising incidents of attacks on commercial vessels in the Red Sea being reported.

here Experts attribute this volatility to profit booking amid rising Covid cases. They observe that the sudden spike in infections has instilled a cautious sentiment among investors, prompting them to reassess their positions and opt for profit-taking strategies amid this uncertain landscape. As Mint reported earlier, a new strain of Covid-19 has emerged in the country, raising fresh concerns.

Supreme Power Equipment IPO: The initial public offering (IPO) of Supreme Power Equipment Limited has opened for subscription today and it will remain open for subscribers till 26th December 2023. The public issue is proposed for listing on NSE SME platform and it aims to raise 46.67 crore via issuance of fresh shares. The transformer and generator company has fixed Supreme Power Equipment IPO price band at ₹61 to ₹65 per equity share.

Kenneth Andrade, Founder & CIO of Old Bridge Capital Management, anticipates a potential market downturn in the coming year. According to the expert, macro events could be the catalyst for such a decline, with factors such as a global crisis, a country's balance sheet implosion, or a drying up of liquidity in the market being potential triggers. Andrade suggests that a significant macroeconomic event has the potential to remove liquidity from the market.

Ethereum (ETH) and Retik Finance (RETIK) are the two key players grabbing the attention of investors and enthusiasts alike.  Ethereum’s much-anticipated Cancun upgrade is poised to bring significant advancements, while Retik Finance positions itself as a revolutionary force in the decentralized finance (DeFi) space.

Media Platform X, previously known as Twitter is currently grappling with a widespread outage, as confirmed by Downdetector, a leading source for tracking online service disruptions. The platform has encountered a staggering surge of 47,405 outage reports, signifying a significant disruption in user access and functionality. Downdetector, recognized for monitoring online service outages, has identified a notable spike in reports linked to Social Media Platform X.