Experts Financial News

₹161.80 apiece after company received new orders worth ₹3,915 crore. In an exchange filing on Wednesday, the company said that it received orders worth ₹3,915 crore, which includes a ₹580 crore order from the Indian Army for AMC of Radars, and orders worth ₹3,335 crore since its last disclosure on September 15, 2023.

Medical experts are warning that the U.S. could face a “syndemic” winter as respiratory viruses surge and temperatures plunge.

Stock market today: Sugar stocks are under pressure since early morning deals on Thursday. During opening bell today in Indian stock market today, sugar major Balrampur Chini share price witnessed near 6 per cent declie, Dwarikesh Sugar share price went down 4.50 per cent, Sakthi Sugars shares dipped around 4 per cent, Mawana Sugar stock price dashed ariound 3 per cent while Ugar Sugar crashed to the tune of 6 per cent. Shares of Bajaj Hindusthan Sugar Ltd and Avadh Sugar & Energy Ltd crashed over 6 per cent during morning session on Thursday.

Stock market today: Hazoor Multi Projects share price witnessed sharp upside in early morning deals and hit 5 per cent upper circuit within few seconds of stock market's opening bell today. Hazoor Multi Projects share price today opened at ₹245.60 apiece levels on BSE and hit upper circuit.

equity markets in the medium term does not present a very rosy picture. A multiplicity of factors, both domestic and global, are weighing against the equities universe. But, take heart, within this uncertainty there is opportunity.

The EV trend in the US at the end of 2023 is a little tough to tease out

Paytm, tumbled in today's trade, locking at the lower circuit limit of 20%, reaching 650.45 apiece. This sharp fall came after the company announced plans to cut back small ticket loans amid regulatory changes.

Bharat Electronics Ltd. traded 2.43 per cent higher in Thursday's session at 10:05AM (IST). The stock opened at Rs 163.0 and has touched an intraday high and low of Rs 163.0 and Rs 158.35, respectively, during the session so far.

Domestic benchmark index NSE Nifty fell 67.45 points to 20870.25, while the BSE Sensex traded 261.42 points down at 69392.31. On the other hand, Aakash Exploration, HLV Ltd., Vertoz Advertising, IVP Ltd and Dredging Corp stocks hit their fresh 52-week highs today.

were among the top gainers. Uttam Sugar Mills(down 11.04%), BAJAJHIND(down 7.11%), AVADHSUGAR(down 6.82%), Triveni Engineering & Industries(down 6.15%), Dalmia Bharat Sugar & Industries(down 6.10%), EID Parry(down 6.03%), Ugar Sugar Works(down 5.81%), Balrampur Chini Mills(down 5.71%), MAGADHSUGAR(down 5.09%) and Shree Renuka Sugars(down 4.87%) were among the top losers.

Pidilite Industries Ltd. rose 1.59 per cent to Rs 2616.55 in Thursday's trade as of 10:10AM (IST) even as the benchmark Nifty ruled at 20870.9, down 66.8 points. The scrip had closed at Rs 2575.4 in the previous session.

US dollar in the morning session on Thursday, tracking the strength of the American currency in the overseas market and muted trend in domestic equities. Forex traders said rupee is trading in a narrow range as the support from easing crude oil prices was negated by strong dollar demand from importers. At the interbank foreign exchange, the rupee opened at 83.36 against the dollar, registering a fall of 4 paise over its previous close.

HDFC Bank and Sun Pharma as well as on HUL. Meanwhile, Morgan Stanley recommended an Equalweight rating on Paytm. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Macquarie on HDFC Bank: Outperform| Target Rs 2110 Macquarie maintained an outperform rating on HDFC Bank with a target price of Rs 2110.

Delta Corp, Indiabulls Housing Finance, The India Cements, Steel Authority of India (SAIL) and Zee Entertainment Enterprises (ZEEL). 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 on it is reversed only if the open interest falls below 80%. Traders who trade in indices do not encounter a situation of security ban.

Nifty50 clocking 4% gains in just four trading sessions of the month. This 4% rally follows over 5% gains registered by benchmark indices in November, backed by strong institutional inflows.

Rana Gupta, MD, Manulife Investment Management, says what the Indian government did with Make in India, is in the case where the Indian government is the buyer, whether it is power, railways and all this equipment, they made a local content mandatory. That means the import substitution has to happen. You cannot just import and sell, that was the first phase, that has already happened and happening. The second phase is where we are moving on to now is basically technology absorption. In the second leg that we are going to see investing and deepening valuation within India. First, the import substitution gave the volume. Now that is giving these companies confidence to do value addition, leading to exports. I 2024, global growth is going to slow a bit. But if you take a three-year view, the export story is pretty much alive.” I was just speaking with the head of JCB India head. He was just telling me that we are already the third largest construction equipment market in the world and will move to second largest in the next five-seven years. He also said we have a 20% growth visibility on exports. TRIL, KEI, Apar are saying that there is a major manufacturing capex happening in Europe and the US and India will be the country to feed into that. Are you also convinced on this argument? We have been convinced on this argument for some time.

Paytm, tanked 20% to the day's low of Rs 650.45 on the NSE in Thursday’s trade after the company informed exchanges that it will issue fewer sub-Rs 50,000 (about $600) personal loans weeks after the central bank tightened rules on consumer lending after a surge in demand. The fintech lender said it will expand its portfolio of higher-ticket personal and commercial loans to lower-risk and high-credit-worthy customers, expecting «good demand» for loans of more than Rs 50,000. This comes after the Reserve Bank of India (RBI) recently raised the amount of capital that banks and non-bank lenders need to set aside to cover potential defaults when giving out personal loans. The RBI tightened its rules, after a surge in such small-ticket loans, particularly of those less than 50,000 rupees, and an increase in delinquencies. Paytm is getting «ultra-conservative» in this segment, a Reuters report said, quoting Bhavesh Gupta, the company's president and chief operating officer, on a call with analysts. «On the back of recent macro development and regulatory guidance, in consultation with our lending partners, we have decided to reduce less than Rs 50,000 loan distribution,» Gupta said. This, he estimated, will lead to a near 40%-50% drop in the volume of loans Paytm issues through its post-paid product, but will have a minimal impact on revenue growth. Paytm's postpaid loans accounted for about 56% of total loans in the July-September quarter, per company data. The sub-50,000-rupee loans, in particular, account for about 38% of Paytm's total loans, estimated Rahul Jain, financial analyst at Dolat Capital. «We expect a negative impact of about 15% quarter-on-quarter on the (total) value of loans distributed by Paytm… but

ICICI Bank, HDFC Bank, Infosys, and Reliance Industries. The BSE Sensex was trading 262 points or 0.38% lower at 69,390. Nifty50 was trading at 20,867, down 70 points or 0.34% at around 9.23 am. From the Sensex stocks, HUL, Bharti Airtel, and Bajaj Finance were the top laggards, falling over 1% each.

Day trading guide for today: Following strong global market cues on rate cut buzz in near term, key benchmark indices of Indian stock market scaled new highs on Wednesday. Nifty 50 index climbed to a new peak of 20,961 levels, BSE Sensex touched new life-time high of 69,744 whereas Bank Nifty index hit a new high of 47,259. In broad market, small-cap index added 0.18 per cent while mid-cap index touched a new peak of 35,245.

stock market has been climbing to new highs since Friday last week. Nifty 50 index has been hitting new life-time highs for the last four sessions whereas BSE Sensex and Bank Nifty index has been touching record highs for the last three sessions.

Gold prices rose on Thursday, as signs of a cooling U.S. labour market supported bets of an interest rate cut early next year, while traders also awaited key jobs print due later in the day that could offer clues on the Federal Reserve's trajectory. FUNDAMENTALS * Spot gold was up 0.1% at $2,027.12 per ounce by 0159 GMT. * U.S.