Experts Financial News

Vedanta Ltd. traded 2.14 per cent down at Rs 234.95 at 01:44PM (IST) on Wednesday, even as BSE benchmark Sensex dropped 139.67 points to 65791.1. The stock had closed at Rs 240.1 in the previous session.

Bharat Electronics Ltd. traded 1.05 per cent lower in Wednesday's session at 01:39PM (IST). The stock opened at Rs 142.9 and has touched an intraday high and low of Rs 143.6 and Rs 140.2, respectively, during the session so far.

Raymond Ltd., one of the world’s biggest producers of suit fabric, fell for the seventh day in Mumbai as the acrimonious separation between its billionaire Chairman Gautam Singhania and his wife sparked uncertainty among investors. The stock has tumbled 12% since Nov. 13 when Singhania announced separation from Nawaz Singhania, his wife of 32 years and a Raymond board member, erasing more than $180 million in market value.

North Korea said Wednesday it had succeeded in putting a military spy satellite in orbit after two previous failures, as the United States led its allies in condemning the launch as a «brazen violation» of UN sanctions. A rocket carrying the satellite blasted off Tuesday night from North Phyongan province and «accurately put the reconnaissance satellite 'Malligyong-1' on its orbit», state-run news agency KCNA reported. Images in state media showed North Korean leader Kim Jong Un smiling and waving, surrounded by white-uniformed scientists and engineers who cheered and clapped after watching the successful blastoff. The United States led condemnation of the launch, saying it was a «brazen violation» of UN sanctions, while South Korea responded by partially suspending a 2018 military deal with the North, saying it would resume surveillance operations along their border. Japan said that Pyongyang's claims of success could not immediately be independently verified. Tokyo is still analysing the launch and «at this point is not confirming whether the satellite had entered into an orbit around the Earth», chief government spokesman Hirokazu Matsuno said. North Korea's previous efforts to put a spy satellite into orbit in May and August both failed.

Siddhesh Mehta, Research Analyst, SAMCO Securities, says “if the investors are investing in the Tata Technologies IPO with the motive of listing gains, then they should not enter the IPO if there is a big gap up. But if they are entering with a long-term perspective, then the IPO is worth investing for the investors. The investors should not miss this opportunity.” What is your view on Tata Technologies? It is a must subscribe, but post that, is it a must buy even if there is a gap up listing? The Tata Technologies IPO garnered significant attention following the filing of its DRHP and today it has made its debut on Dalal Street. The earnings valuation is relatively cheap. We can also say that the IPO has an attractive and not an aggressive valuation. So, with a long-term perspective, we can subscribe to the IPO even after a big gap up because the Tata Group has its name as its legacy.

Nifty may hit a target of 22,584 in the next 12 months even as the market manoeuvres through headwinds like US interest rates, El Nino's impact on crops and inflation, volatile crude prices and the election year in India, Prabhudas Lilladher said in a note on Wednesday. The brokerage remains positive on auto, banks, capital goods, hospitals, and discretionary consumption and picks Max Healthcare, Hindalco Industries, Eris Lifesciences and Sunteck Realty as its conviction buys. As its contra picks, Prabhudas has added Kajaria Ceramics and Restaurant Brands Asia while removing SBI, Carborundum, Chalet Hotels and Crompton Greaves Consumer Electricals. The broking firm has also raised its target price on Maruti Suzuki, Ceat, Aarti Industries, Axis Bank, ICICI Bank, Supreme Industries, Voltamp Transformers, RR Kabel, Fortis, Max Healthcare Institute, Jindal Stainless, IPCA and Lupin.

Adani Power Ltd. slipped 1.11 per cent to Rs 388.1 in Wednesday's trade as of 12:43PM (IST). The stock hit a high price of Rs 395.7 and low of Rs 387.65 during the session.

Indian bonds this year are poised to reach the highest since 2017, as investors lap up local debt before the nation’s entry into global indexes. Inflows to fixed income, including corporate debt, have reached nearly $6 billion thus far in 2023, with this month alone accounting for about a quarter of the flows, according to data compiled by Bloomberg. Monthly inflows to the nation’s government bonds are set for their highest since April 2020, the longest streak since the fully-accessible route index-eligible category was introduced. While JPMorgan’s decision in September to add India to its emerging market gauge is prompting investors to boost their holdings of local bonds, robust growth in company earnings and the economy has driven foreign inflows to nation’s equities. Global funds have bought more than $12 billion of shares this year, the most in emerging Asia.

Info Edge (India) Ltd. slipped 0.39 per cent to Rs 4718.15 in Wednesday's trade as of 12:32PM (IST). The stock hit a high price of Rs 4771.0 and low of Rs 4717.75 during the session.

SBI Cards and Payment Services Ltd. traded 0.15 per cent higher in Wednesday's session at 12:38PM (IST). The stock opened at Rs 734.75 and has touched an intraday high and low of Rs 739.8 and Rs 733.0, respectively, during the session so far.

Colgate-Palmolive (India) Ltd. traded 0.37 per cent down at Rs 2169.95 at 12:27PM (IST) on Wednesday, even as BSE benchmark Sensex dropped 261.34 points to 65669.43. The stock had settled at Rs 2177.95 in the previous session.

There’s nothing like a looming scheme meeting to put the cat among the pigeons.

Unlike Google, Facebook and countless other tech giants, the company behind ChatGPT was not created to be a business

Amazon founder Jeff Bezos’ fund to support homeless families announced $117 million in new grants on Tuesday to organizations across the U.S. and Puerto Rico

Argentina’s president-elect has given the first signals of how he plans to shake up South America’s second-largest economy

Coal India share price has surged significantly in the calendar year 2023 yet experts and brokerage firms anticipate further double-digit gains, indicating that the stock's momentum is expected to continue. As of the November 21 close, Coal India share price has jumped 48.4 per cent this year, strongly outperforming the equity benchmark Sensex which has gained just 8.4 per cent in the same period.

Bharat Forge Ltd. gained 1.05 per cent to Rs 1089.0 in Wednesday's trade as of 12:12PM (IST). The stock hit a high price of Rs 1092.85 and low of Rs 1071.0 during the session.

Tube Investments of India Ltd. traded 0.11 per cent down in Wednesday's trade at 12:17PM (IST). Around 2,993 shares changed hands on the counter.

While making such a payment is normally unavoidable, it is important to ensure that the payment is acknowledged. There should also be proof of token money being paid. This ensures the safety of the money if the house owner later refuses to sell the property. Here are some things you should keep in mind while paying token money to a seller.

steel pipes have been inserted up to 39 metres through the rubble, with another 14 metres to go before the rescuers reach the trapped labourers. Once the drilling is complete, the passage will be used to evacuate the labourers from the tunnel. «We have pushed in the pipes up to 39 metres by now.

Crompton Greaves Consumer Electricals Ltd. traded at Rs 289.95 on BSE at 11:52AM (IST) on Wednesday, down 0.38 per cent from previous close. The stock quoted a 52-week low price of Rs 251.25 and a high of Rs 376.2.