Experts Financial News

The US Federal Reserve paused hiking interest rates and is cautiously optimistic about the economy. The Fed Rates are at 5-5.25%.

Bandhan Bank Ltd. traded at Rs 232.1 on BSE at 10:50AM (IST) on Monday, up 2.59 per cent from previous close. The scrip quoted a 52-week low price of Rs 182.2 and a high of Rs 272.0.

ZUARIAGRO(up 7.94%), G S F C(up 6.63%), Madhya Bharat Agro Products(up 3.21%), Southern Petrochemicals Industries(up 3.21%), Madras Fertlizers(up 3.12%), Fertilizers & Chemicals Tranvancore(up 2.33%), Rashtriya Chemicals & Fertilizers(up 2.33%), Aries Agro(up 2.24%), Mangalore Chemicals & Fertilizers(up 2.06%) and National Fertilizer(up 1.87%) were among the top gainers. Bohra Industries(down 4.92%), Agro Phos(down 0.52%) and Coromandel International(down 0.10%) were among the top losers.

Swaminathan Aiyar, Consulting Editor, ET Now, says: “While others may disagree that there was some communalism in the state elections, I would say basically no. It was an argument about development. And we saw this in the Uttar Pradesh election when we went out there. I attended many of those rallies of Modi, of Adityanath. There was no communal message going out. The whole thing was, have we not performed well enough to be re-elected? And the electorate said yes. I think the same thing has happened in the state elections. So I imagine that is going to be the approach of the BJP in the general election too.” Looking at how things have moved post the state elections, it looks like it is going to be a new sunrise. Yes, I would say that global investors are not particularly interested in the state elections. They look at the larger picture. I think they have already assumed that Mr Modi is going to win in 2024. This is a confirmation of what they were going to do, but I do not think it changes their view that Modi is going to win in 2024. And whether he wins by another 10 votes or 10 less votes, I do not think is the key thing.

macro numbers and BJP's electoral win in three states. Shares of flagship firm Adani Enterprises jumped 10 per cent while those of Adani Green Energy jumped 15 per cent. Shares of Adani Total Gas clocked a gain of 14 per cent.

Read here: At record high! Sensex jumps 1,100 points, Nifty over 300 points: 5 reasons why The Nifty Midcap 100 index scaled above 44,100 level led by heavy gains in stocks such as Adani Power, HPCL, Union Bank, REC, PFC, ACC, Bank of India, among others, that rose around 2-6% each. Around 85 stocks were trading higher, while 15 stocks declined in the Nifty Midcap 100 index.

Stock market today: Shares of Punjab National Bank (PNB) witnessed huge buying interest during morning deals on Monday. PNB share price today opened with big upside gap at ₹83.15 apiece levels on NSE and went on to hit intraday high of ₹83.95 per share levels, which turned out a new 52-week peak for PNB shares. PNB share price rebounded strongly after touching intraday low of ₹82.30 per share afer profit booking trigger at 52-week high.

US Federal Reserve will initiate rate cuts in the coming year. This outlook has led to a decline in the yield on the US 10-year Treasury to 4.2% in Friday's trading, marking a three-month low. Buoyed by these favorable factors, the Nifty 50 commenced today's trading at 20,601 points, reflecting a 1.64% gain compared to the previous closing price of 20,267.90 and establishing a new peak at 20,602.50.

The NSE Nifty index traded 282.5 points up at 20550.4, while BSE Sensex was up 931.04 points at 68412.23 as of 10:09AM(IST)on December 04. In the Nifty index, Adani Enterprises Ltd.(up 6.87 per cent), Adani Ports & Special Economic Zone Ltd.(up 5.49 per cent), Coal India Ltd.(up 3.30 per cent), NTPC Ltd.(up 3.10 per cent) and ICICI Bank Ltd.(up 2.95 per cent) were among the top gainers.

Siemens Ltd. with a target price of Rs 4460.

Cummins India Ltd. with a target price of Rs 2250.

smartphone users expected to wield a 5G handset buoyed by falling prices and countrywide network coverage, industry executives said. Top smartphone brands such as Xiaomi, Oppo, Vivo, Realme and Samsung have set in motion plans to flood the India market with 5G smartphones at aggressive price-points. Their partner retailers have unveiled a slew of price cuts and offers to quickly clear out 4G smartphone stocks to make way for the next-gen gizmos. Industry body India Cellular & Electronics Association (ICEA) estimates the country’s installed base of 5G phones to jump more than two-fold to around 500 million by December 2025 from around 150 million in end-December 2023, and make up over 70% of the total smartphones base. “The growth will be driven by consumers demanding faster connectivity options, coupled with a gradual decrease in 5G smartphone prices, especially with models above Rs 13K and those below Rs 10K becoming predominantly 5G-enabled,” Pankaj Mohindroo, chairman of ICEA, told ET. Nationwide 5G rollouts by telcos and advent of companion devices and HD content too will help drive mass appetite for 5G smartphones, industry experts and handset market trackers said. The signals are already there. Xiaomi, Oppo, Vivo, Realme and Samsung have dropped prices of their older 4G handsets as well as the 5G devices launched earlier this year.

artificial intelligence (AI) in check, six sources told Reuters. As negotiators meet on Friday for crucial discussions ahead of final talks scheduled for December 6, 'foundation models', or generative AI, have become the main hurdle in talks over the European Union's proposed AI Act, said the sources, who declined to be identified because the discussions are confidential.

GAIL (India) Ltd. gained 5.21 per cent to Rs 143.25 in Monday's trade. It hit a high of Rs 143.3 and low of Rs 138.25 during the session.

Indian Oil Corporation Ltd. traded at Rs 115.95 on BSE at 10:15AM (IST) on Monday, up 4.22 per cent from previous close. The scrip quoted a 52-week low price of Rs 72.35 and a high of Rs 116.15.

Kirloskar Oil Engines with a target price of Rs 710. The current market price of Kirloskar Oil Engines is Rs 583.55. Kirloskar Oil Engines Ltd., incorporated in the year 2009, is a Small Cap company (having a market cap of Rs 8461.86 Crore) operating in Engineering sector.

Kunj Bansal, National Institute of Securities Markets (NISM), says “there is a lot of money available in the market and in such a scenario even not so good companies with expensive valuation gets subscribed multiple times, leave aside good companies getting expensive valuations and getting oversubscribed. As a result one does not get any allotment in the IPOs and so instead, one should focus on the valuation at which one is comfortable for entering into such companies post listing.” TCS buyback has opened, the Rs 17,000-crore buyback and it is coming in at a premium of almost 20-25% from the current market price. Would you recommend people to tender their shares? These days the buybacks have become synonymous with dividends.

Buy or sell stocks for today: On account of of pleasantly surprising Indian GDP data, Indian stock market ended higher on fourth straight session on Friday last week. Nifty 50 index touched new life-time high of 20,291 and finished 134 points higher at 20,267 levels. BSE Sensex gained 492 points and closed at 67,481 mark whereas Bank Nifty index ended 332 points higher at 44,814 levels.

Catch Live Market Updates here The domestic equity market ended higher on Friday, with the benchmark Nifty 50 hitting its fresh record high in the intraday session after upbeat Q2 GDP numbers. The Sensex ended 492.75 points higher at 67,481.19, while the Nifty 50 rose 134.75 points, or 0.67%, to settle at 20,267.90, on December 1. Nifty 50 formed a reasonable positive candle on the daily chart with a gap up opening.

Day trading guide for today: On account of of strong GDP data, Indian stock market ended higher for fourth straight session on Friday. Nifty 50 index touched new life-time high of 20,291 and finished 134 points higher at 20,267 levels.

LIC State-owned insurer LIC said it has amended a framework to allow the induction of shareholders' directors on its board. Granules Granules India announced that the USFDA has approved its Abbreviated New Drug Application, filed by Granules Pharmaceuticals, a wholly owned foreign subsidiary of the company, for Sildenafil for Oral Suspension. Read more: Here's the trading setup for today's session DHFL Appleate Tribunal NCLAT upholded National Financial Reporting Authority orders on DHFL branch auditors and dismissed appeals. It found no error in NFRA orders on DHFL branch auditors. HUL HUL appointed former revenue secretary Tarun Bajaj as an Independent Director of the company for a term of five consecutive years with effect from December 1. Hero MotoCorp Hero MotoCorp reported total sales of 4.91 lakh units in the month of November, which were up 26% year-on-year.