Experts Financial News

Oil prices rose on Wednesday as a storm in the Black Sea region disrupted oil exports from Kazakhstan and Russia, raising fears of supply tightness, while investors awaited a crucial decision by OPEC+, which may deepen or extend output cuts. Brent crude futures gained 33 cents, or 0.4%, at $82.01 a barrel at 0127 GMT. U.S.

Sensex rose 204 points to settle at 66,174 and Nifty gained 95 points to end at 19,889. Stocks that were in focus included names like NDTV, which rose 12%, TCS, which jumped 0.4%, and Suzlon Energy, whose shares declined 4% on Tuesday. Here's what Avdhut Bagkar, Derivatives and Technical Analyst at StoxBox, recommends investors should do with these stocks when the market resumes trading today. NDTV This is the first time post January of this year, the stock succeeded to cross its 200-simple moving average (SMA) set at 211. The current move, underpinned by robust volumes, implies sturdy underlying momentum that could attract move bulls going ahead.

central bank suggested that more rate hikes could be in the offing. The kiwi jumped more than 1% to hit a four-month peak of $0.6203 after the Reserve Bank of New Zealand (RBNZ) kept interest rates steady, as expected, but revised its official cash rate (OCR) track higher for 2024 and 2025, pointing to further tightening ahead. «Whilst the RBNZ were expected to hold, their statement struck a hawkish tone by stating that inflation remains too high,» said Matt Simpson, senior market analyst at City Index. The Australian dollar similarly scaled a four-month top of $0.6670, unfazed by domestic data showing inflation eased by more than expected in October as goods prices fell, while core inflation also edged down. The Antipodean currencies got a lift from a falling greenback, which tumbled to an over three-month low against a basket of currencies as bets grow that the U.S. Federal Reserve could begin cutting rates early next year. Fed Governor Christopher Waller — a known hawkish and influential voice at the central bank — on Tuesday flagged a possible rate cut in the months ahead, feeding market expectations that U.S.

By Ju-min Park

funds sloshing about within the financial system during the Covid pandemic, top-rated companies are now paying more to raise money through bond markets, with the pricing of issues by even the likes of Reliance Industries reflecting the divergence between sovereign and corporate debt. Over the past year-and-a-half, as the Reserve Bank of India has raised interest rates and progressively drained the banking system of excess liquidity, the spreads between government bond (Gsec) yields and AAA-rated corporate bond yields have shot up. The rate of interest that companies pay to investors to raise money through bonds is determined by yields on Gsecs. A higher spread implies a rise in borrowing costs for companies vis-a-vis what the government pays to raise funds. While the spreads for 5-year and 10-year AAA corporate bonds are still lower than the historical average of 43 basis points and 50 basis points, respectively, the gap has increased significantly from just 1 bps and 6 bps at the end of April 2022, data provided to ET by CRISIL Market Intelligence and Analytics showed.

investors should expect from these IPOs: What are the chances of investors getting allotments in these IPOs? Four of the five IPOs that closed last week saw heavy subscriptions in the retail category where investors could apply for a single lot worth ₹15,000. Hence the probability for investors who bid in the retail category for IPOs of IREDA, Tata Technologies, Gandhar Oil, and Flair Writing could be slim. For instance, in the case of IREDA, which will be listed on November 29, 71 out of 375 retail applicants received 460 shares.

social media influencers, Kyra and Naina have hit the big time. Only thing is, they’re not actually real, not entirely anyway. Titan, RealMe, MG Motors and Boat are paying a premium to advertise through 3D-animated humans or virtual influencers, who have become quite the phenomena on Instagram with views of up to 21 million for their reels. Kyra is the handiwork of Futr Studios. The virtual character works with brands such as Titan and Boat and is paid more than real-life influencers with similar follower numbers. Naina by Avtr Meta Labs will soon launch her first AI podcast series with actors such as Richa Chadha, Sanya Malhotra, Sobhita Dhulipala and Hansika Motvani. While Kyra is a fully 3D-animated character, Naina is more of a hybrid--a face superimposed over a real human.

₹1 lakh. The CM has also announced a review of tunnels that are currently under construction and assured that the Baukhnag temple would be rebuilt. An ambulance with the first of the 41 workers left the mouth of the tunnel around 8 pm, about an hour after rat-hole mining experts dug through the last stretch of rubble.

Zee Entertainment Enterprises Ltd operating in over 190 countries, has launched its services as an aggregator in the US, offering subscription video-on-demand (SVoD) services of south Asian origin within its app. The ZEE5 Global Add-ons feature positions itself as a single window for US audiences to explore South Asian entertainment platforms, including Simply South (all South Indian languages), Oho Gujarati, Chaupal (Punjabi, Bhojpuri, Haryanvi), Namma Flix (Kannada), istream (Malayalam) and EPIC ON (Hindi). The add-ons come with prices starting from $1.49.

Narendra Modi on Tuesday approved partial terms of reference of the 16th Finance Commission to be set up shortly, according to a person informed about the development. The cabinet meeting, however, did not decide on the constitution of the commission, which would entail naming the members and chairperson. The meeting began in the evening and continued till late in the night.

trapped in Uttarakhand's Silkyara tunnel were evacuated on Tuesday evening. The ambulances waiting at the site took them to a community health centre where a special 41-bed ward was set up for them. As the youngest of the workers, who was the first to be evacuated, emerged out of the tunnel, he was greeted with hugs and cheers as a sense of relief and hope spread. An ambulance with the first of the 41 workers left the mouth of the tunnel at around 8 pm, about an hour after a group of rat-hole mining experts dug through the last stretch of the rubble.

Hemant Soren government has drafted a memorandum of understanding to ensure safety of migrant workers, which it plans to sign with 10 states that host a large concentration of labourers from Jharkhand. The MoU stipulates rules and regulations to be followed by states to ensure safety and wellbeing of migrant workers from Jharkhand. The draft MoU, accessed by ET, says an inter-state coordination committee comprising representatives of both states, experts and stakeholders would be formed to work for labour welfare and enforcement of acts applicable to migrant workers.

Sebi Chairperson Madhabi Puri Buch has said the regulator would certainly look into the matter if disclosures on the valuation are meaningless. The comments have come amid a slew of share sales hitting the capital market recently. Last week, five companies, including Tata Technologies, came out with their IPOs that garnered a record Rs 2.6 lakh crore in application amount. To a query about high premiums for some shares in IPOs, Buch said, «Of course, we are fully with you on this as the rationale given for high premia are nothing but some meaningless English words». «We are certainly going to look into it and address the issue,» she said. When asked about concerns in some quarters that some IPOs are priced exorbitantly, the Sebi chief said, «If disclosures on valuation are meaningless then we will certainly look into it.» It can be noted that to boost investors' interest in little-known companies' IPOs, the issuers and their investment bankers quote low face value but the issue is priced high citing a very high premium. On whether Sebi is planning to advise issuers and other market makers to space their issues in a more timely manner and with enough gaps between two issues, Buch said that is not the job of the regulator.

Uttarakhand Chief Minister Pushkar Singh Dhami on Tuesday said none of the 41 labourers rescued from an under-construction road tunnel in Uttarkashi district was in a critical condition. Dhami also said the evacuation began with the youngest of the labourers. «All of them were fit and they crawled out of the passage on their own,» he added.

Nitin Gadkari on Tuesday said he is «relieved and happy» as all 41 trapped workers have been rescued from the collapsed Silkyara tunnel in Uttarakhand. «I am completely relieved and happy as 41 trapped laborers in the Silkyara Tunnel Collapse have been successfully rescued,» Road Transport and Highways Minister Nitin Gadkari said in a post on X.

pharmaceutical business may exceed USD 130 billion by 2030, supported by expanding market opportunities and heightened demand in the overseas markets, industry experts said on Tuesday. The business stood at over USD 50 billion for the 2022-23 fiscal, they noted. Chairman of PharmExcil (Pharmaceuticals Export Promotion Council of India) Veeramani S V said the Indian pharmaceutical industry is on a compelling growth trajectory, evidenced by an 8 per cent year-to-date increase in exports and a remarkable 29 per cent surge in October alone. «This growth is propelled by expanding market opportunities, heightened demand in the USA, and critical shortages of medicines in the US and Europe. Despite challenges in CIS countries, the global reception of Indian pharmaceuticals remains positive,» he said. Veeramani noted that the domestic market has exhibited impressive growth, exceeding 10 per cent.

Siemens Ltd has posted a 36% rise in net profit at Rs 534 crore in the July-September quarter compared to the year ago, on the back of higher revenues, the company said in a statement. The company reported a net profit of Rs 392 crore a year ago. It follows the October to September fiscal year. Revenue for the quarter came in at Rs 5,297 crore, up 25% over Rs 4,236 crore a year ago.

Nifty50 closed at a fresh two-month high boosted by a rise in Adani Group stocks, while energy companies jumped on stable crude prices. The NSE Nifty50 index settled 0.48% higher at 19,889, the highest since September 20. The S&P BSE Sensex rose 0.31% to 66,174. Here's how analysts read the market pulse: «The broad range of 19,650–19,850 has been decisively broken on the upside, which puts the bulls in a position of strength.

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US stocks opened lower on Tuesday after a strong run of gains in November as investors remained cautious ahead of Federal Reserve officials' comments that could offer some clues on the interest rate path. The Dow Jones Industrial Average fell 1.34 points at the open to 35,332.13. The S&P 500 opened lower by 4.88 points, or 0.11%, at 4,545.55, while the Nasdaq Composite dropped 16.39 points, or 0.12%, to 14,224.63 at the opening bell.

Tata Technologies will list on the exchanges on Thursday, nearly 20 years after a company from Tata Group (TCS) debuted at the bourses. The GMP of the company is strong at Rs 400, which indicates robust debut with 80% premium. There is a high possibility as per street assumption that Tata Technologies can be a wealth doubler candidate post listing. Listing gains aside, analysts are quite bullish on the company even from a long-term perspective. “Technologies' diversified customer portfolio, robust delivery network, and emphasis on innovation further solidify its competitive advantage," said Shivani Nyati, Head of Wealth, Swastika Investmart. The Rs 3,042-cr IPO of Tata Technologies received bids worth over Rs 1.5 lakh crore.