Experts Financial News

Marico Ltd. traded 0.9 per cent down at Rs 525.15 at 12:28PM (IST) on Monday, even as BSE benchmark Sensex dropped 145.61 points to 65649.12.

Ambuja Cements Ltd. gained 0.31 per cent to Rs 422.2 in Monday's trade as of 12:18PM (IST). It hit a high of Rs 424.1 and low of Rs 418.25 during the session.

Achieving one’s financial goals is no easy task as it requires consistent investment strategies and a disciplined investment approach in the long and short terms. Many people find it difficult to identify their goals and adjust their investments based on that. One of the most important things is to know your financial goals and requirements of funds for each of them. It is also important to understand your income and expenses and existing debt and liabilities.

As the rescue operation work entered the ninth day and the rescuers raced against time to evacuate the 41 workers trapped in an under-construction tunnel in Uttarakhand’s Uttarkashi, an international team of tunnelling experts arrived at the site on Monday.

₹1 lakh crore on September 11 as its stock price reached an all-time high of ₹92.35 per share. Shares of PB Fintech, the parent company of PolicyBazaar and PaisaBazaar, bounced back strongly this year after a poor show in 2022, where the stock lost 52.83%. In the current year so far, the stock spiked from ₹451 apiece to ₹825 apiece, translating into a gain of 83%.

rupee settled at 83.27 against the dollar. “Rupee opened virtually unchanged as demand for dollars continues unabated and RBI keeps its supply tap on," said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP.

Also Read- Tata Technologies IPO: GMP remains steady. Price, lot size, other details of upcoming IPO Q2 was a disappointing quarter all across the chemicals segment said Rohit Nagraj at Centrum Institutional Research. Severely impacted by weakness in exports markets coupled with pricing pressure, chemical companies reported their weakest performance in the past several quarters, said Nagraj.

Gold rate today: On account of nosediving US bond yield and US dollar index, gold price today opened upside at ₹60,719 per 10 gm levels on Multi Commodity Exchange (MCX). MCX gold rate further extended its morning gains and went on to hit intraday high of ₹60,774 per 10 gm levels within few minutes of commodity market's opening bell today. In international market, spot gold price is oscillating around $1,982 per ounce levels.

On the BSE, Starteck Finance(down 9.99 per cent), Ashika Credit(down 8.21 per cent), Sharp Investments(down 7.89 per cent), MAC Hotels(down 7.07 per cent) and Kush Industries (down 7.05 per cent) were among the stocks that plunged over 5 per cent during the session. In the Nifty pack, 30 stocks traded in the green, while 20 stocks traded in the red.

JK Lakshmi Cement Ltd, part of the cement industry, has rallied more than 18% in a month, which helped the stock to surpass the W chart pattern on the daily charts. Short-term traders can look to buy the stock for a possible target of Rs 890 in the next 3-6 months, suggest experts. The cement stock rose from Rs 683 recorded on October 17 to Rs 812 as of 17 November 2023 which translates into an upside of more than 18% in a month. The stock hit a record high of Rs 897 on 14th December 2022, but it failed to hold on to the momentum. The stock found support above 650 in March 2023 and above 600 levels in July 2023. The stock witnessed a breakout from the W pattern where the neckline was placed above 700 levels in November. The momentum also helped the stock to climb above 50 and 200-DMA on the daily charts earlier in November which is a positive sign for the bulls. “The stock has displayed above-average volumes, breaking upward from both the flag and pole chart patterns.

Adani Power Ltd. traded 0.86 per cent up at Rs 390.75 at around 10:30AM (IST) on Monday. The stock had closed at Rs 387.4 in the previous session.

SBI Cards and Payment Services Ltd. traded 1.41 per cent up at Rs 742.5 on Monday at around 10:25AM (IST), while the benchmark BSE Sensex advanced 9.11 points to 65803.84. As many as 55,686 shares changed hands on the counter with a total value of Rs 4.11 crore.

Ashoka Buildcon with a target price of Rs 170. The current market price of Ashoka Buildcon Ltd.

Bonus shares 2023: Shares of Olatech Solutions Ltd will be in focus today as the stock is trading ex-dividend today. The board of directors of Olatech Solutions Ltd has fixed 20th November 2023 as record date for issuance of bonus shares in 17:20 ratio.

portfolio rebalancing. The main decision that you must look at when balancing your assets is your eventual goals and not shift the goal posts, too much.

“We believe India's investment and real estate cycle are in their early stages and can witness multi-year growth led by continuity of public and private sector investments and favourable govt policy,” says Taher Badshah, CIO, Invesco Mutual Fund. In an interview with ETMarkets, Badshah said: “We have recently increased our exposure to residential real estate noting demand resilience, steady improvement in demand-supply,” Edited excerpts: We are seeing some turnaround in Indian markets – is it the Diwali dhamaka or Santa rally? Indian markets were off to a weak start in the early part of 2023, trailing global markets due to growth concerns, particularly in the consumption economy, from rising interest rates and higher relative valuations.

Nifty’s strong close last week, despite the weakness in Bank Nifty, bodes well for the overall markets and despite continued FII selling, markets have proven to be resilient, further aided by the DII buying, Aamar Deo Singh, Senior Vice President-Equity, Commodity & Currency at Angel One said. Nifty would meet with resistance around the 19,850-19,900 zone in the short-term whereas support is seen around the 19,400-19,450 zone, he adds. Nifty ended with near 2% WoW gains this week while Bank Nifty almost flat. What is the outlook for next week? Last week, markets witnessed a positive trend on the back of strong global cues backed by sharp decline in US inflation numbers and receding fears of US Fed rate hikes. Further, it was a broad-based rally across most sectors, except the Banking space, which witnessed sell-off post the RBI’s decision to raise the risk weights for unsecured loans. Also it is worth noting that despite continued FII selling, markets have proven to be resilient, further aided by the DII buying. Nifty’s strong close last week, despite the weakness in Bank Nifty, bodes well for the overall markets. However, Nifty would meet with resistance around the 19850-19900 zone in the short-term whereas support is seen around the 19400-19450 zone.

Delta Corp, Hindustan Copper, The India Cements, Manappuram Finance, the Multi Commodity Index of India (MCX), RBL Bank and Zee Entertainment Enterprises (ZEEL). Steel Authority of India (SAIL) has come out of the ban. The F&O 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 indices do not encounter a situation of security ban.

Tata Technologies IPO: the initial public offering (IPO) of Tata Technologies Ltd is going to hit primary market on 22nd November 2023. Bidding for Tata Technologies IPO will remain open till 24th November 2023. Hence, Tata Technologies IPO will open on Wednesday this week and it will remain open for bidders till Friday this week.

PTI. 2) The Tehri Hydroelectric Development Corporation was set to begin “micro tunneling" Sunday night from the Barkot end of the under-construction tunnel on the Char Dham route, part of which collapsed on November 12. 3) Boring through the debris of the collapsed 60-meter stretch from the Silkyara end was put on hold Friday afternoon when the American-made heavy-duty auger machine encountered a hard obstacle after about 22 meters, PTI reported. 4) In addition, the Rail Vikas Nigam Limited has begun work on a vertical pipeline for supplying essential items after the completion of the approach road to the top of the hill.

Day trading guide for today: After witnessing choppy trade throughout the day, Indian stock market ended lower on Friday. Nifty 50 index lost 33 points and ended at 19,730 levels, BSE Sensex went down 187 points and closed at 65,794 mark while Nifty Bank index corrected 577 points and finished at 43,583 levels. Both DIIs and FIIs remained net sellers on the previous session.