Experts Financial News

Tata Elxsi Ltd. gained 1.03 per cent to Rs 8346.4 at 10:46AM (IST) in Friday's trade. The scrip has hit a high of Rs 8450.0 and low of Rs 8328.95 so far during the session.

Avenue Supermarts Ltd (D-Mart), part of the diversified retail industry, has given a breakout from a Descending Triangle pattern on the weekly charts and has opened room for the stock to head towards 4000 levels. Short to medium-term traders can look to buy the stock now for a possible target of Rs 4500-4600 in the medium term, suggest experts. The stock hit a 52-week high of Rs 4225 on 15th December 2022, but it failed to hold on to the momentum and witnessed some profit taking. The retail giant gave a breakout from a 2-year Descending Triangle formation on the weekly charts formed since November 2021 last week. The momentum also helped the stock to climb above the 50-week Moving Average. In terms of price action, the stock is now trading well above most of the crucial short- and long-term moving averages such as 5,10,30,50,100 and 200-DMA on the daily charts. The daily Relative Strength Index (RSI) is at 61.1.

UltraTech Cement share price scaled all time high of ₹9152 on the BSE in the morning trades on Friday gaining almost 1.7% post Thursday's announcement on planned acquisition of Kesoram Industries Cement assets by UltraTech . Analyst see more upside looking at benefits the acquisition will accrue. UltraTech Cement Ltd planned acquisition of Kesoram Industries Cement capacities is intended to strengthen its presence and help gain market share in the South and Western region of the country.

₹501 per share, 64.8% higher than the issue price of ₹304, and on the BSE, Flair Writing shares were listed at ₹503 apiece. Experts in the market felt that Flair's share price would list at a significant premium.

Asit C Mehta rights issue 2023: The board of directors of Asit C Mehta Financial Services Ltd is going to consider and approve proposal for issuance of fresh shares via rights issue route. The financial has already informed Indian stock market bourses about the proposal while informing about the board meeting schedule.

Tata Consultancy Services (TCS) share price will be in focus on Friday as the company’s share buyback programme opens today. TCS share buyback worth ₹17,000 crore will begin on December 1 and close on December 7. This will be the fifth share buyback from India’s largest IT services company.

GDP print came above expectations on Thursday driven by robust growth in the manufacturing, mining and construction sectors. However, growth in the agriculture segment cooled due to an erratic monsoon. India's Q2 GDP grew 7.6 per cent, significantly exceeding the expectations.

₹288 to ₹304 per equity share with a face value of ₹5. Flair IPO lot size was 49 equity shares, and in multiples of 49 equity shares thereafter.Flair Writing IPO comprised a fresh issue of shares of up to ₹292 crore and an offer for sale (OFS) of equity shares with a face value of ₹2 each by a promoter and others aggregating up to ₹301 crore.

Day trading guide for today: After trading choppy during morning session, Indian stock market ended on a mixed note on Thursday. Nifty 50 and Sensex ended higher whereas Bank Nifty index finished lower in the previous session. The 50-stock index went up 36 points higher at 20,133 levels, BSE Sensex closed 86 points higher at 66,988 mark whereas Bank Nifty index lost 84 points and closed at 44,481 levels.

Thomas Cook The offer for sale of shares by promoter Fairbridge Capital in Thomas Cook (India) Ltd received overwhelming response from institutional investors, following which, it has decided to use the greenshoe option to sell additional shares. ITD Cementation ITD Cementation has secured a contract for civil and hydromechanical works of 500 MW hydel power, pumped storage project worth approximately Rs 1,001 crore excluding GST in Andhra Pradesh. Read more: Here's the trade setup for today's session Ultratech Cement UltraTech Cement announced the acquisition of Kesoram cement unit.

" Overall we expect a positive trend to continue in the market. Auto stocks will be in focus as OEMs will announce their monthly sales data on Friday," said Siddhartha Khemka, Head — Retail Research, Motilal Oswal. Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a muted start GIFT Nifty on the NSE IX traded lower by 12.5 points, or 0.06 per cent, at 20,326, signaling that Dalal Street was headed for muted start on Friday.

Flair IPO listing date: Shares of Flair Writing Industries Ltd are going to hit Indian stock market today. As per the information available on BSE website, listing date of the initial public offering (IPO) of Flair Writing Industries Ltd has been fixed on 1st December 2023 i.e.

Elon Musk had touted in 2019 and a cost analysts have said will draw select, affluent buyers. The truck, made of shiny stainless steel and shaped into flat planes, is partly inspired by a car-turned-submarine in the 1977 James Bond movie "The Spy Who Loved Me," Musk has said. Its new body material and unconventional, futuristic styling has added complexity and costs to production, and threatens to alienate traditional pickup truck buyers who focus on utility, experts say.

Elon Musk's recent actions, as per a Reuters report. Walt Disney and Warner Bros. Discovery took decisive steps earlier this month by halting their advertising efforts on X.

Bank of India (RBI). Economists now say that with the Q2 GDP growth rate coming in well beyond expectations, the RBI may opt for a hawkish stance in its coming monetary policy committee (MPC) announcement on December 8. The economic growth would give space to the central bank, which held its rates for the fourth consecutive time in October, to focus on food inflation, which it believes is ‘uncomfortably high’.

Client Associates, which represents family offices and is a wealth manager for HNIs, expects overseas investors would double their allocation to India to generate higher returns from their equity portfolios. «India will outperform all major economies for the next 10 years. Given this, global investors should double allocation to India,» says Rohit Sareen, co-founder, Client Associates. He believes many global investors allocate based on the MSCI World Index and have an allocation between 0.5% to 3% to India.

company's market value crossing ₹53,000 crore on Thursday, higher than that of some of its listed mid-cap peers such as KPIT Technologies and L&T Technology Services. Analysts said the 163% surge on the opening day has made Tata Technologies a more expensive bet than some of these rivals with a more diversified client base. But the bet could pay off if investors have the patience to hold the stock for a longer period, they said. Tata Technologies listed at ₹1,199.95 on Thursday, up 140% over its IPO price of ₹500 apiece before closing at ₹1,314.25.

investors bought Indian equities worth more than ₹9,000 crore in November, reversing two consecutive exit runs in the previous two months, as a decline in energy prices and stable US yields burnished the allure of risk assets in Emerging Markets. Experts believe the trend will continue as India's economic growth is likely to surprise on the upside while interest rates are expected to be stable, with the policy-influencing price gauge now trending close to the central bank's target. In the past ten years, overseas investors have purchased Indian stocks on six occasions in December, and have been net sellers on four occasions.

RBI) to review settlement guidelines issued in October 2022 to ensure further simplification without compromising on the objective of a mechanism harmonious with the processes that govern such transactions for other regulated entities. The RBI had introduced a unified framework in June 8, 2023, for compromise settlements and technical write-offs for all entities such as banks, NBFCs, HFCs, AIFIs, etc. The October 2022 circular requires all settlement proposals to be vetted by an Independent Advisory Committee (IAC) with professionals having technical, finance, or legal backgrounds and thereafter all proposals have to be approved at the board level of a bank. It also requires settlements with borrowers to only happen after all possible steps to recover dues have been taken, and there's no more chance of recovering the debt. «Given that ARCs acquire debts from these entities, the ARC association has requested for uniformity in treatment of settlement guidelines,» said a source close to the development. The June guidelines applicable to other regulated entities require Board only to approve policy, delegate powers to various functionaries and it does not need to be vetted by any Independent Advisory Committee. ARCs are facing difficulty in implementing the settlement guidelines.

The Middle East plays host to its second straight U.N. climate conference over the next two weeks, with countries hoping to agree on new ways to keep the planet from catastrophic heating by the end of the century

Safety officials are releasing details of their investigation into a close call between a FedEx plane and a Southwest Airlines jet earlier this year in Austin, Texas