Experts Financial News

Kerala. Increased tests among those with such symptoms and suspected cases, and heightened surveillance in border districts are among the measures that the officials have been instructed to take up, Health Minister Dinesh Gundu Rao told reporters here. The situation is being continuously monitored, and there is no need for any restriction on movement and gathering of people as of now, he said, adding, the Government would come out with an advisory.

The changes will be effective from December 18. The fund house informed the change to its investors through an addendum. Rs 100 SIP in Tata MF schemes

Edelweiss Financial Services on Monday said it has started the process of selling equity in its alternative asset management unit and plans to raise about 15 billion to 20 billion rupees ($180.69 million-$240.93 million) by a divesting 10%-20% stake. The company is receiving significant interest for the stake sale in Edelweiss Alternative Asset Management (EAAM), and the process is likely to be concluded in four to five months, Edelweiss said in a statement. The move to sell the stake will reduce the company's debt and improve its market value, it said. Edelweiss Financial Services' net debt amounted to 152.20 billion rupees as of September-end, the company said in an investor filing in November. EAAM's current assets under management stood at 500 billion rupees as of September-end and have grown at a compound annual growth rate of 31% since fiscal year 2017, Edelweiss said. Separately, Edelweiss said the Indian securities appeal court last week dismissed an appeal filed by its former unit, Nuvama Clearing Services, in relation to a case on the handling of client securities as a clearing agent. Nuvama Clearing has already earmarked 2.36 billion rupees with the clearing corporation of the stock exchange in relation to the case and will also explore legal options, Edelweiss said. Edelweiss Financial Services shares, which are up 121% so far this year, fell as much as 8.8% in early trade before trimming some losses. They last traded 1.8% lower at 74.90 rupees.

Welcome to the bull market. Volatility is back on the menu, and the big question is what crypto to buy today. What caused Bitcoin ($BTC) to flash crash, and is more to come? How can investors avoid the downside brought on by these leverage flushes?

United Spirits Ltd. gained 0.21 per cent to Rs 1083.95 in Monday's trade as of 02:01PM (IST). The stock hit a high price of Rs 1085.1 and low of Rs 1062.6 during the session.

MphasiS Ltd. traded 1.44 per cent up at Rs 2694.45 at 02:06PM (IST) on Monday, even as BSE benchmark Sensex dropped 106.54 points to 71377.21. The scrip had closed at Rs 2655.95 in the previous session.

Suraj Estate Developers was subscribed 30% so far on Monday, the first day of the bidding process. The issue closes on Wednesday. While the retail portion was subscribed 55%, the NII category was booked 11%.

LTIMindtree Ltd. traded at Rs 6154.3 on BSE at 01:30PM (IST) on Monday, up 0.4 per cent from previous close. The scrip quoted a 52-week low price of Rs 4120.0 and a high of Rs 6215.8.

In Monday’s trading session, the following five stocks witnessed a build of fresh long positions. Lets first understand how this conclusion is reached that whether the stock has seen a buildup of fresh long position or not.

cryptocurrency market cap also declined nearly 2% to around $1.56 trillion in the last 24 hours. At 12.31 p.m., BTC was trading 1.9% lower at $41,163, while the second most popular token, Ethereum, was down 1.6% at $2,178. Shivam Thakral, CEO of BuyUcoin, said, «As we approach the holiday season, we can expect some dip in trading activity due to which the market may remain at current levels.» Meanwhile, Edul Patel, CEO of Mudrex, said, «After a weekend of profit-taking, Bitcoin is consolidating above the US$40,000 level, with the potential for a move towards US$42,700 if buyers maintain control.»

Bharat Forge Ltd. rose 0.74 per cent to Rs 1205.85 in Monday's trade as of 01:40PM (IST) even as the benchmark Nifty ruled at 21422.7, down 33.95 points. The scrip had closed at Rs 1196.9 in the previous session.

DLF Ltd. traded at Rs 694.8 on BSE at 01:35PM (IST) on Monday, down 1.5 per cent. The stock quoted a 52-week low price of Rs 336.55 and a high of Rs 708.5.

Bandhan Bank Ltd. traded 0.33 per cent up at Rs 254.75 at 01:25PM (IST) on Monday, even as BSE benchmark Sensex dropped 118.41 points to 71365.34.

₹155 in first week of February and since then it has been climbing to new highs on a regular basis. Following this trend, BoB share price today surged to a new 52-week high of RS 227.55 apiece on NSE and came close to its life-time high of ₹228.90 per shares that it had made in January 2015. So, while climbing to a new 52-week high, BoB share price came close to 9-year high during Monday stock market deals.

National Pension Scheme (NPS) by adhering to KYC norms. The NRIs can make contributions to NPS from their NRO/NRE account. While investing depends on individual financial goals, risk tolerance, and investment preferences, Kurian Jose, CEO, of Tata Pension Management listed some reasons for NRIs to consider investing in NPS NPS is designed as a long-term retirement planning tool.

Sandip Sabharwal, asksandipsabharwal.com, says “there is no missing the bus in the stock markets. You miss the bus, another bus comes after some time, you catch that. So, this entire FOMO thing is bad for health. Secondly, I am not predicting a major fall in the market. I do not think that the economic outlook, the interest rate outlook and inflation outlook which is there today represents the possibility of a big selloff, but there will be corrections. As those corrections play out, that time should be used by people to buy.” Everybody is feeling FOMO. But do you think for those who are not getting hit with this FOMO effect, will actually feel JOMO if they do not buy now? There are people who bought early, so they are not feeling FOMO. That is how we need to see. Now, I will say that the FII flows follow a very structured pattern. So, it was very clear that as the bond yields globally peak out, as the dollar index starts declining, these fund flows will reverse. So, it was a matter of time and it is happening now.

ICICI Lombard General Insurance Company Ltd. traded at Rs 1456.05 on BSE at 01:09PM (IST) on Monday, up 0.37 per cent from previous close. The scrip quoted a 52-week low price of Rs 1049.1 and a high of Rs 1491.95.

Trent Ltd. traded 0.16 per cent down at Rs 2983.0 at 01:15PM (IST) on Monday, even as BSE benchmark Sensex dropped 158.89 points to 71324.86.

Innova Captab on Monday fixed a price band of Rs 426-448 per share for its Rs 570-crore initial public offering (IPO). The issue will open on December 21, and conclude on December 26, the company said. The maiden public issue comprises a fresh issue of equity shares worth up to Rs 320 crore and an offer-for-sale (OFS) of up to 55.80 lakh equity shares by promoters and selling shareholders.

Real estate investment holds promising potential for wealth creation. It can be an attractive proposition, offering both steady returns and long-term capital appreciation. However, navigating this market requires careful consideration.

Geojit Financial Services pointed out that two significant factors are driving the ongoing strong rally in the market. One, FIIs (foreign institutional investors) have turned big buyers having invested around ₹20,000 crore, including bulk purchases, in the last two weeks. Second, the rally is being driven by segments like banking and IT which were underperformers for quite some time.