Experts Financial News

Jefferies has upgraded Coal India (CIL) to buy following an investors call by the company on Tuesday. The US-based brokerage's optimism stems from the company's focus on volume growth, transformation in its coal evacuation infrastructure and employee reduction cost among other things. The stock was trading at Rs 333.50 on the NSE on Wednesday around 10:40 am, down by Rs 0.70 or 0.21% from the Tuesday closing price. Jefferies said in a note that Coal India's volume growth trajectory has improved and will likely sustain amid India's strong economic growth outlook and rising power consumption.

(This story originally appeared in on Nov 22, 2023)

GAIL (India) Ltd. fell 0.96 per cent to Rs 123.7 in Wednesday's trade as of 11:57AM (IST) even as the benchmark Nifty ruled at 19759.75, down 23.65 points. The scrip had closed at Rs 124.9 in the previous session.

NH-134 in Uttarakhand and is part of the Chardham plan. The estimated construction period was four years, with cost estimated at Rs 1,119.69 crore. Total project cost is Rs 1,383.78 crore, including land acquisition and rehabilitation cost. The work is delayed and is likely to be completed by May 14, 2024.

Avenue Supermarts Ltd. traded at Rs 3836.9 on BSE at 10:30AM (IST) on Wednesday, up 0.48 per cent from previous close. The stock quoted a 52-week low price of Rs 3292.65 and a high of Rs 4225.0.

Marico Ltd. traded 1.02 per cent up at Rs 532.1 at around 10:25AM (IST) on Wednesday. The stock had closed at Rs 526.75 in the previous session.

The year is drawing to a close and the stock market is at the crossroads. On on side uncertainties are looming, but on the other unbridled optimism is driving investors' confidence. ETMutualFunds spoke to Rahul Singh, CIO — Equities, Tata Mutual Fund, to make sense of what is happening in the market.

Nifty was trading range-bound with a marginal positive bias on Wednesday. Nifty faces substantial resistance in the range of 19800-19900, and a breakthrough of these levels could trigger a swift upward movement, prompting an unwinding on the call side and potentially propelling the Nifty to the 20000–20200 zone, said Ameya Ranadive of Choice Broking. Options data reveal maximum open interest on the put side at the 19,700 strike, serving as a pivotal support for the index. Conversely, significant call writing is observed at the 19,900 strike, with additional resistance levels at 20,300 and 20,400 strikes. We spoke to Sudeep Shah of SBI Securities on how one should trade stocks that were in focus in the previous trading sessions based on derivative and technical data: Long build-up in Titan Considering the daily chart, the stock has given downward sloping trendline resistance breakout on November 16.

Inox wind(up 6.16%), Karma Energy(up 4.96%), CESC(up 3.08%), Inox Wind Energy(up 2.50%), JSW Energy(up 2.11%), NLC India(up 1.75%), Gujarat Industries Power(up 1.47%), Transformers and Rectifiers(India)(up 1.39%), KPI Green Energy(up 1.30%) and KEC International(up 1.28%) were among the top gainers. Orient Green Power Company(down 5.01%), Suzlon Energy(down 4.96%), RTNPOWER(down 4.66%), Jaiprakash Power Ventures(down 2.94%), GE Power India Limited(down 2.84%), DPSC(down 2.35%), Reliance Power(down 1.64%), Kalpataru Projects International(down 1.49%), Torrent Power(down 1.15%) and Voltamp Transformers(down 1.03%) were among the top losers.

US Federal Reserve showed that the US central bank would proceed "carefully and only raise interest rates if progress in controlling inflation faltered". Gold eased below the key $2,000 level on Wednesday in international markets. Softer bond yields and the dollar capped the losses for the yellow metal.

US Federal Reserve meeting minutes. The dollar index, which measures the greenback against a basket of currencies, was flat at 103.58, near levels last seen in early September but off an overnight session low of 103.17. US Treasury yields slipped overnight to hover around 4.40%.

₹16,500 crore in October. The asset management reality is that FIIs have to park their and their clients’ monies somewhere amidst the prolonged global economic slowdown. The Indian economy and its future potential is being bet on.

₹475 to ₹500 per equity share of face value of ₹2. At the upper end of the price band, Tata Tech IPO is expected to raise ₹3,042.51 crore.

bank accounts and wallets, making money a commonly chosen topic for New Year resolutions. Many personal financial experts share how planning money mantras and adhering to them can help you develop a better relationship with money. Prioritize cultivating a positive mindset about money before charting out your financial goals and formulating corresponding money mantras.

Sensex closed 275.62 points higher at 65,930.77, while the Nifty 50 gained 89.40 points, or 0.45%, to settle at 19,783.40. Nifty 50 formed a small positive candle on the daily chart with upper shadow and with gap up opening. The opening upside gap remains unfilled.

₹37.32 in early trade on BSE on Wednesday, November 22. Suzlon Energy share price opened at ₹38.12 against the previous close of ₹39.28 and soon fell 5 per cent to ₹37.32. In three sessions, the stock has lost about 12 per cent.

Tata Technologies IPO: The Tata Group's much-awaited initial public offering (IPO) is all set to open for subscription today (November 22, 2023). Tata Technologies IPO has gripped the pulse on D-Street, being the first issue from the group firm after nearly 20 years. Tata Consultancy Services (TCS) was the last IPO from the Tata Group which got listed on the bourses in 2004.

The Nifty future closed negative with losses of 0.45% at 19840 levels on Tuesday. India VIX was up by 0.68% from 12.14 to 12.23 levels.

Carbon-free electricity has never been more plentiful. Wind and solar power have taken off over the past two decades, faster than experts ever expected.

Westlife Foodworld with a target price of Rs 1000. The current market price of Westlife Foodworld is Rs 873.25. Westlife Foodworld Ltd., incorporated in the year 1982, is a Mid Cap company (having a market cap of Rs 13612.45 Crore) operating in Tourism & Hospitality sector.

Delta Corp, Hindustan Copper, Indiabulls Housing Finance, The India Cements, Manappuram Finance, the Multi Commodity Index of India (MCX), NMDC, RBL Bank and Zee Entertainment Enterprises (ZEEL). The Future & Options contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%. Traders who trade in index do not encounter a situation of security ban.