Experts Financial News

If retirement feels like an out of reach financial goal, you aren’t alone.

Oil India Ltd. However, there is no specification or mandate on how much gas should go to each of the two segments. Under the administered price mechanism (APM), the price of gas from legacy fields is capped, making it cheaper than gas from other fields.

The author behind the best-selling book «The Psychology of Money» is trying to relieve investor anxiety over market downturns.

As Bitcoin soars to a striking $39,390, up by a significant 1.50% in the last day, the crypto community is abuzz with anticipation. This remarkable surge forms a crucial part of the broader escalation in the total cryptocurrency market cap, which has now eclipsed the $1.5 trillion milestone.

While Nifty is up over 11% so far in the calendar year, India's m-cap has increased by about Rs 55 lakh crore in 2023, led by the outperformance of small and midcap stocks as well as a flood of IPOs on Dalal Street. India had joined the coveted $3 trillion club in May 2021. The journey of market capitalization of Indian listed companies from $2 trillion (July 2017) to $3 trillion (May 2021) took about 46 months, whereas the last $1 trillion i.e., from $3 trillion to $4 trillion took only about 30 months. While the $4 trillion market capitalization is an important milestone, data suggests that only 0.35% of the total private companies registered with the Ministry of Corporate Affairs, Government of India are listed on the Exchanges, indicating an enormous number of companies which can tap the equity market for their funding needs. In the current financial year as of October 2023, more than Rs 5,00,000 crores have been mobilized through primary markets across equity and corporate bonds.

COP28 climate talks filed in Sunday for another day of talks, they found themselves greeted by a rare sight in the United Arab Emirates — a protest. From activism about the Israel-Hamas war to environmental issues, activists allowed into the UAE can demonstrate under strict guidelines in this autocratic nation.

The blue chips Nifty 50 and BSE Sensex gained 2.39% and 2.29%, respectively, led by a rise in energy stocks. Faster-than-expected quarterly economic growth and acceleration in factory growth in November supported the rise in domestic equities. Here's how analysts read the market pulse: «Nifty continues to ascend as the bulls maintain control.

market valuation of nine of the top-10 most valued firms climbed Rs 1,30,391.96 crore last week, with Bharti Airtel and Tata Consultancy Services (TCS) emerging as the biggest gainers, amid an overall optimistic trend in equities. Last week, the BSE benchmark jumped 1,511.15 points or 2.29 per cent. Barring Reliance Industries, nine other companies including HDFC Bank, ICICI Bank, Infosys and Hindustan Unilever witnessed addition in their market valuation. Bharti Airtel's valuation rallied Rs 23,746.04 crore to Rs 5,70,466.88 crore. The market capitalisation (mcap) of TCS jumped by Rs 19,027.07 crore to reach Rs 12,84,180.67 crore. HDFC Bank added Rs 17,881.88 crore, taking its market valuation to Rs 11,80,588.59 crore.

Sectorally, buying was seen in momentum, power, FMCG, utilities and realty stocks while selling was seen in auto stocks. Stocks that were in focus include names like Power Finance Corporation which was up more than 9%, REC Ltd gained more than 7% to hit a fresh record high and Brigade Enterprises closed 2.6% higher to hit a fresh record high on Friday. We have collated a list of three stocks that either hit a fresh 52-week high, or all-time high or saw a volume or a price breakout. We spoke to an analyst on how one should look at these stocks the next trading day entirely from an educational point of view:

DeBeers completely revolutionized the Diamond industry through arguably one of the best marketing campaigns of all time….A Diamond is Forever. The famous line, coined by a young copywriter, Miss Frances Gerety in 1947, hit home at a subliminal level, creating a desire that enraptures with its magic and its promise.

TLDR 

Indian equity market has witnessed an astounding surge in IPO activity, defying global economic uncertainties and underscoring the resilience of the Indian economy. Post the 2020 Covid crash, Rossari Biotech initiated the wave of IPOs, witnessing overwhelming subscription and listing success. This event paved the way for numerous IPOs, demonstrating the robustness of Indian equity markets and attracting investments from various segments, including fervent participation from HNIs and retail investors. Over the past three years, the main board IPOs have displayed remarkable strength. In 2021, 63 companies went public, raising Rs 1.2 lakh crore. Despite global market challenges, 2022 witnessed 40 IPOs, accumulating Rs 60,000 crore. As of November in 2023, 48 companies have already gone public, raising more than Rs 45,000 crore. This IPO surge extends to the SME space as well, with 2023 breaking records with 156 IPOs, raising more than Rs 4,200 crore. The increasing average ticket size in SME IPOs, from Rs 13 crores in 2021 to Rs 18 crore in 2022 and Rs 25 crore in 2023, indicates that promoters are seeking larger capital to fuel their growth ambitions, and investors are responding positively to these opportunities. The active participation of retail investors has been a key driver of this IPO boom, often resulting in massive oversubscriptions. This reflects a growing appetite for equities among retail investors and a heightened confidence in the Indian economy.

George Putnam III says most brokers and Wall Street analysts avoid turnaround situations because they have been burned by the stock on the way down. According to Putnam, most investors chase the same stocks which are followed by hundreds of highly trained analysts and so it is hard to outperform. So he advises investors to seek out unloved, down-and-out turnaround situations as when these stocks eventually do come back, they can soar as investors pile into them. «Our approach is simple. We avoid the „blue chips“ and „hot“ stocks that most investors are stampeding into. Instead, we search out companies that have had some problems and are temporarily out-of-favor, but are in the process of turning around. These stocks seem like laggards when we first identify them, but as the turnaround becomes more evident, Wall Street will jump into the stock and push the price up — often dramatically,» he wrote in his Turnaround Investment Letter. Who is George Putnam III?

Cayman Islands and Cyprus contracted significantly during April-September this fiscal as the overall inflows declined by 24 per cent, according to the government data. FDI from Cayman Islands dipped 75 per cent to USD 145 million during April-September from USD 582 million in the same period last fiscal, the data showed.

Kamal Nath, the chief minister face for Congress, was leading with close to 2,000 votes in Chhindwara constituency in early trends. However, the firecrackers were kept in the box as Congress seemed to have failed to topple the ruling Bharatiya Janata Party that took lead in 150 out of 230 seats. While Kamal Nath got 14,485 votes in the first two rounds of 22, BJP's Vivek Bunty Sahu was second placed with 8,507 votes, according to ECI website. The fight is going to be between Kamal Nath and Sahu as other candidates such as Bahujan Samaj Party's Thakur Trivikram Hirpachi or Ahina Samaj PArty's Rajesh Tantrik were left far behind. As Madhya Pradesh went to polls on November 17, the Congress chief ministerial face and PCC President Kamal Nath had said he has faith in the people and that they will side with the truth.

India and China both on Saturday refrained from signing the pledge at the COP28 climate summit to triple the world's renewable energy capacity by 2030 even though New Delhi already committed to it as part of its G20 presidency. During the UN's climate talks here, 118 countries committed to tripling the global renewable energy capacity by 2030 in a highly endorsed initiative. This ambitious goal aims to reduce the reliance on fossil fuels in the world's overall energy production.

As the world marks the International Day of Persons with Disabilities on December 3, companies including Accenture, Amazon, KFC, ITC, L&T, Mercedes Benz Research and Development India and Marico are adopting a 360-degree approach towards PwD inclusion. On one hand, they’re working to overcome barriers and biases that set back employees with disabilities and provide them with leadership opportunities, mentoring and future career pathways; on the other, they’re accelerating hiring efforts, as overall PwD representation in the workforce remains dismally low.

With the Bank of Canada offering little hope to those aching for interest rate relief, experts say some Canadians might be able to get a break on their mortgage by paying closer attention to the bond market.

premature redemption price of Sovereign Gold Bond (SGB) 2017-18 Series X will be Rs 6,265 per unit, according to a press release by the Reserve Bank of India (RBI) dated December 1, 2023. «The redemption price of SGB shall be based on the simple average of closing gold price of 999 purity of the previous three business days from the date of redemption as published by the India Bullion and Jewellers Association Ltd (IBJA). Accordingly, the redemption price for premature redemption due on December 04, 2023, shall be Rs 6,265/- per unit of SGB based on the simple average of closing gold price for three business days i.e., November 29, 30, and December 01, 2023,» as per the press release. The due date for tendering the eligible SGBs to the RBI for premature redemption is December 04, 2023, the central bank said. The tenure of the Sovereign Gold Bond Scheme is eight years; however, premature withdrawal can be done after the fifth year from the date of issue of interest payment dates. This particular SGB 2017-18 Series X was issued at Rs 2,961 per gram on November 24, 2017. So, the absolute return comes to Rs 6,265-2,961= Rs 3,304 (without factoring in the interest). In percentage terms, it comes to Rs {(3,304/2961) *100} %= 111.5839%.

Kross Ltd has filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO) of shares. The Rs 500 crore worth IPO comprises fresh issue worth up to Rs 250 crore, and an offer for sale aggregating upto Rs 250 crore by the promoters – Sudhir Rai and Anita Rai.

Leaning Tower' called Garisenda Tower in Italy's Bologna have been evacuated over possible risks of collapse, reports suggest. The Garisenda tower in the historic city of Bologna, Italy, known for its significant tilt since the 12th century, is facing an alarming risk of collapse.