Experts Financial News

Sensex rallied 727 points and Nifty closed above the 20,000 mark on Wednesday driven by buying in select heavyweights. Stocks that were in focus included names like Zomato, which rose 3.43%, Aster DM Healthcare, which jumped 18.14%, and Siemens, whose shares increased 1.03% on Wednesday. Here's what Riyank Arora, Technical Analyst at Mehta Equities, recommends investors should do with these stocks when the market resumes trading today. Zomato — Bullish The stock has retested the breakout zone between 113 and 115, forming a bullish pin bar at its support. With the overall structure looking positive and the stock consistently following a pattern of higher highs and higher lows, it appears poised to reach a target of 126 and 130, with a stop loss set at 110. Aster DM Healthcare — Bullish The stock has experienced a strong breakout above its significant resistance level at 371. Additionally, it has broken out above the upper band of its parallel channel, accompanied by a sharp spike in volumes. The overall momentum appears highly favorable for an upward move towards 450 and 475, with a suggested stop loss just below 350. Siemens — Bearish The stock has touched a critical resistance level of 3675 in today's trading session.

Oil prices fell in early Asian trade on Thursday on weaker-than-expected Chinese manufacturing data, but investors maintained caution ahead of an OPEC+ meeting where production cuts are expected. Brent crude futures fell 28 cents, or 0.3%, to $82.90 a barrel by 0024 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell 24 cents, or 0.3%, to $77.68 a barrel. China's manufacturing activity contracted for a second straight month in November and at a quicker pace than expected, an official factory survey showed on Thursday, suggesting more policy support measures are needed to help shore up economic growth in the world's largest oil importer.

A South African company will make vaginal rings that protect against HIV, which AIDS experts say should eventually make them cheaper and more readily available

stock benchmarks rose more than 1% on Wednesday with the Nifty closing above 20,000 for the first time since September 13 as receding concerns over further rate hikes in the US revived risk-on sentiment. The softening of global crude prices and a reversal in foreign fund activity in November so far after two months of selling also improved investor mood. The Nifty surged 206.90 points, or 1%, to close at 20,096.60.

Shares of state-owned green energy financier, Indian Renewable Energy Development Authority (IREDA), were locked in the upper circuit, or their daily permissible limit, on the stock-market debut Wednesday, mirroring the broader optimism that propelled the biggest benchmark index to reclaim 20,000 levels after nearly two months and underscoring undiminished investor appetite for new offerings anchored in sustainable growth. The IREDA stock, which began the trading day at a 56% premium to the issue price at ₹50 a share, ultimately ended the day locked at the upper circuit — at ₹59.99 apiece. That translates into an upside of 87.47% from the issue price. The ₹2,150-crore initial public offering (IPO) was sold to investors at a price band of ₹30-32 and had been subscribed 39 times, with the qualified institutional buyers' portion oversubscribed 104 times. The stock surge, which takes the financier's valuations past the ₹16,000-crore mark, also points to immediate limited upside, although the extent of oversubscription and broader market trends might limit downside risks.

Ant Group sold a 3.4% stake in Zomato for ₹3,337 crore on Wednesday through a series of deals on the exchanges. According to BSE bulk deals data, Alipay Singapore Holdings, an entity of the Ant Group, sold 297 million shares at ₹112.70 per share. Zomato's shares ended 2.55% higher at ₹116.70 on the BSE on Wednesday. As of September 30, 2023, Alipay Singapore Holdings held a 3.44% stake.

Shares of most companies in the power space are at all-time highs helped by the recent uptick in demand, an improvement in pricing trends, and pick-up in industrial demand. Shares of Torrent Power, NTPC and Power Finance Corp hit their lifetime highs on Wednesday, while REC hit its lifetime high earlier this month. Renewable energy player Suzlon Energy is also at a multi-year high, while Tata Power was at its highest level in more than a month. «Given the scanty and dry monsoon, we are seeing power demand shoot up leading to a demand-supply deficit, along with an uptick in rates.

IPO) market witnessed one of the busiest periods last week with five companies, including Tata Technologies, Ireda, Flair Writing Industries and Gandhar Oil Refinery, launching their issues, there has been a lot of discussion about grey market and grey market premium (GMP). ET looks at what these terms mean: What is the grey market? The grey market is an unofficial and unregulated market where shares are traded even before they are listed on the main exchanges. In this market, transactions happen in person, unlike exchange trades that see no human intervention.

stocks listed on the BSE surpassed $4 trillion on Wednesday for the first time ever, making India the fifth country after the United States, China, Japan, and Hong Kong to achieve this milestone. The overall market capitalisation on the BSE touched ₹333.29 lakh crore on Wednesday. In the past three months, India's overall market capitalisation has gained 8.82%, the highest growth among the top 10 markets.

Reliance Industries, ICICI Bank, Infosys, HDFC Bank, and TCS could be the primary beneficiaries of a recent decision by the Federal Retirement Thrift Investment Board, a US Pension Fund, to change its benchmark index for its International Stock Index Investment Fund. The move is estimated to result in flows worth $3.7-$3.8 billion into Indian equities in 2024, according to Nuvama Institutional Equities.

Piramal Group has received a binding bid for the sale of Tridhaatu Realty from CFM ARC, ensuring a minimum recovery of 75% in the structured deal. CFM ARC offered to pay ₹450 crore for the ₹600-crore bad loan, in a 15:85 structure, with 15% in cash and the remaining in security receipts.

Tata Technologies Share Price Live Updates: Shares of Tata Technologies are all set to debut on stock exchanges BSE and NSE at 10:00 am today after receiving an overwhelming response from investors during its three-day subscription period last week. Tata Group's first initial public offering (IPO) in almost 20 years was subscribed over 69 times by the final day of bidding.

Tata Technologies IPO: Listing date of the initial public offering (IPO) of Tata Technologies Ltd has been fixed on 30th November 2023 i.e. today. As per the information available on BSE website, Tata Technologies share price will hit Dalal Street during Thursday deals.

Gandhar Oil IPO: Listing date of the initial public offering (IPO) of Gandhar Oil Refinery Ltd has been fixed on 30th November 2023 i.e. today. As per the information available on BSE website, Gandhar Oil share price will hit Dalal Street during Thursday deals.

COP 28 stands for the 28th meeting of the Conference of the Parties (COP) to the UN Framework Convention on Climate Change (UNFCCC). It takes place every year, and is the world’s only multilateral decision-making forum on climate change with almost complete membership of every country in the world. This year's COP holds significance in the wake of geopolitical risks that have come to forth after the Israel-Hamas war and Russia's ongoing "special military operation" in Ukraine.

Argentina’s President-elect Javier Milei says he's chosen Luis Caputo, a former finance minister and Central Bank chief who is known as an expert in markets, to lead the Economy Ministry when the right-wing leader takes office on Dec. 10

The systems allow drivers to take their hands off the wheel in some situations.

NATO member Finland has closed its last remaining border crossing with Russia

Tighter water restrictions for drought-stricken northeast Spain have gone in effect as authorities in Catalonia say that Barcelona may need to have fresh water shipped in by boat in the coming months

Silkyara tunnel in Uttarakhand was coordinated by the Prime Minister's Office. The PMO made sure that everything went according to plan and its quick intervention in smoothening bureaucratic glitches hastened the evacuation process.

MUMBAI : Lenders to Go First plan to scout for litigation finance to bring home up to ₹12,000 crore tied up in various lawsuits, two people aware of the development said, as the bankrupt airline stares at likely liquidation. The amount includes an arbitration award that it won against engine maker Pratt & Whitney at the Singapore International Arbitration Centre (SIAC) earlier this year, as well as several other lawsuits under way.