Experts Financial News

AVADHSUGAR(up 12.99%), MAGADHSUGAR(up 11.91%), DCM Shriram Industries(up 9.99%), Dalmia Bharat Sugar & Industries(up 9.66%), EID Parry(up 8.37%), Uttam Sugar Mills(up 8.20%), Simbhaoli Sugars(up 5.76%), Dhampur Sugar Mills(up 5.02%), Shree Renuka Sugars(up 4.85%) and Triveni Engineering & Industries(up 4.31%) stood among the top gainers. Kothari Sugars & Chemicals(down 0.09%) were among the top losers of the day.

European Union, and the US-led Indo Pacific Economic Framework for Prosperity (IPEF). Inclusion of these issues in trade pacts could have negative impacts, they said, adding that the recent US presidential memorandum of Joe Biden on worker rights indicates a deepening focus on labour standards in trade deals. Negotiations are on fast track with a comprehensive trade agreement with the UK, which seeks to promote trade in goods, services and two-way investments.

banks weighed despite gains across most other Asian peers. The rupee ended at 83.3425 against the U.S. dollar, barely changed from its close at 83.32 in the previous session. Asian currencies were mostly higher, with the offshore Chinese yuan rising 0.3% to hover near its strongest level since July.

The NSE Nifty index ended the session 9.85 points down at 19802.0, while BSE Sensex fell 5.43 points to 66017.81. In the Nifty index, Hero MotoCorp Ltd.(up 4.52 per cent), Bajaj Auto Ltd.(up 3.02 per cent), Bharat Petroleum Corporation Ltd.(up 2.29 per cent), Eicher Motors Ltd.(up 1.30 per cent) and IndusInd Bank Ltd.(up 1.07 per cent) stood among the top gainers.

₹370, indicating a downside of over 21 percent. The stock has gained 23.5 percent in the last 1 year. It hit its record high of ₹584 on September 11, 2023, but has shed over 19 percent from its peak.

Meta-owned Facebook, Instagram and Google's YouTube, along with all edtech and health platforms, the report further added. In the new framework, age verification for minors is expected to be done using document stores in DigiLocker, Aadhaar-based verification, A Digital Token or the App Store level, according to a government official, as quoted by ET. "There cannot be a one-size-fits-all approach here," the official said, as quoted in the report.

Canara Bank is reportedly planning to issue bonds worth ₹5,000 crore on November 24. Market experts suggest that these bonds, categorized as infrastructure bonds, will have a maturity period of 10 years, concluding on November 29, 2033. The initial issue size is set at ₹1,000 crore, with an option to retain oversubscription amounts up to ₹4,000 crore, making the total aggregate issuance ₹5,000 crore.

Cipla fell as much as 8% in intraday trade on Thursday following a warning letter by the USFDA for various manufacturing lapses at its Pithampur facility. After an inspection at the Pithampur plant, the USFDA issued a warning letter stating that the company's methods, facilities, or controls for manufacturing, processing, packing, or holding do not conform to good manufacturing practices and that its drug products are adulterated. A warning letter is issued when the US health regulator finds that a manufacturer has significantly violated its regulations. «Your firm failed to thoroughly investigate any unexplained discrepancy or failure of a batch or any of its components to meet any of its specifications, whether or not the batch has already been distributed,» the USFDA said. It also pointed out the company's failure to establish and follow appropriate written procedures that are designed to prevent microbiological contamination of drugs purporting to be sterile, and that include validation of all aseptic and sterilization processes. USFDA noted that it has cited similar CGMP observations earlier at the company's other facilities as well. The shares of the company delivered moderate returns to investors so far this year, rising 10% on a year-to-date basis. Despite the pressure in the near term, analysts are bullish on the stock and investors could use this opportunity of declines to consider some buying. Cipla posted strong second-quarter results, led by robust growth across key businesses.

Stock market today: Yes Bank shares have been in uptrend after Diwali 2023. On the following session post-Muhurat trading, Yes Bank shares opened flat but soon witnessed sharp upside movement when it informed Indian stock market bourses about receipt of ₹120 crore fro sale of NPA portfolio to JC Flowers ARC.

Tube Investments of India Ltd. traded 6.62 per cent lower in Thursday's session at 02:09PM (IST). The stock opened at Rs 3694.9 and has touched an intraday high and low of Rs 3694.9 and Rs 3437.75, respectively, during the session so far.

AustralianSuper has blasted attempts by Brookfield to “buy more time” on its $18.7 billion bid for Origin Energy, describing an alternative deal asa “low-ball offer” that would shortchange investors in favour of a private equity consortium.

iOS 17.1.2. Reportedly, the upcoming release of the iOS 17.1.2 update is anticipated to address the Wi-Fi issues plaguing iPhones, though a specific rollout date has not been specified. Experts suggest that the forthcoming iOS 17.2 update will not only resolve the prominent issues reported by users but also introduce additional features to compatible iPhones.

Lashkar-e-Taiba (LeT) terrorist was killed in an encounter with security forces in Jammu and Kashmir's Rajouri district on Thursday, as informed by the Defence spokesman. As per the official statement, the terrorist was trained on the Pakistan and Afghanistan Front. “One terrorist named Quari has been killed in an ongoing operation.

Rekha Jhunjhunwala portfolio: Shares of Titan Company Ltd has been in uptrend in last one month. In this time, Titan share price has ascended around ₹200 per share, which fueled Rekha Jhunjhunwala net worth by over ₹950 crore.

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Rescue operations to evacuate 41 workers trapped in Uttarakhand's Silkyara tunnel resumed on Thursday morning after an overnight hurdle delayed the drilling by several hours. Former advisor to the prime minister's office Bhaskar Khulbe, who was at the site, said an iron mesh which had come in the path of the drilling machine that is creating an escape path for the workers was removed in the morning. This held up the drilling through the 57-metre stretch of the rubble of the collapsed section of the tunnel by six hours, dampening somewhat the previous evening's enthusiasm over an imminent rescue.

satellite launch rocket exploded after separation on Tuesday, video captured by an South Korean astronomy observatory showed, in what some analysts said may have been deliberate destruction to prevent recovery. North Korea launched its first spy satellite into orbit on Tuesday, after two previous attempts this year ended with the rockets crashing during flight. The video was filmed by a camera South Korea's Yonsei University uses for watching meteors. Analysts said it shows the Chollima-1 rocket crossing the sky, and a stage separating.

Godrej Consumer Products Ltd. gained 0.11 per cent to Rs 1009.5 in Thursday's trade as of 01:49PM (IST). The stock hit a high price of Rs 1014.95 and low of Rs 1002.25 during the session.

Vedanta Ltd. traded at Rs 235.2 on BSE at 01:54PM (IST) on Thursday, down 0.51 per cent from previous close. The scrip quoted a 52-week low price of Rs 207.85 and a high of Rs 340.75.

FPI holdings in Indian stocks reached their lowest level in a decade at 16.6%, according to a research report by ICICI Securities. Smallcap and midcap stocks have outperformed largecap stocks this year and on a 12-month basis. According to Trendlyne data, the Nifty Smallcap 100 index has advanced 39% on a year-to-date basis and nearly 43% in the last year, while returns by Nifty Midcap 100 are around 28% and 35%, respectively. FPIs are traditionally less inclined towards small and midcap stocks compared to largecap peers, the report said. On the other hand, largecaps have been at the receiving end of this trend, having witnessed a dip in their FPI holdings.

In Thursday’s trading session, the following five stocks witnessed a build of fresh long positions. Lets first understand how this conclusion is reached that whether the stock has seen a buildup of fresh long position or not. When the stock prices move up and open interest on the counter also moves upward, it is taken as a sign of a long buildup.