Experts Financial News

Stocks to buy: After trading choppy 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. Broad market indices ended minorly in the positive even as the advance decline ratio, though positive at 1.16:1, dipped over the previous day.

Personal loan interest rates are among the highest when compared to other loans like home, car, gold etc. This is why one should compare rates and borrow from a lender offering relatively lower rates with a lower tenure. Added to this, banks offer lower interest rates to those borrowers who have an excellent credit score. A personal loan comes in handy when we are short of funds and need the money at the earliest. It is an unsecured loan given by a lender. What this means is that while taking this loan, the potential borrower is not required to provide collateral or security against the loan, unlike in a gold loan where gold jewellery is taken as security by the lender.

The biggest among the five is Tata Technologies Ltd, which plans to raise Rs 3,040 crore through an initial public offering of shares. The second on the list is Mini Ratna company Indian Renewable Energy Development Agency Ltd, and the government is looking at raising Rs 2,150 crore through this public offer. Fedbank Financial Services is the third one that will be launching its Rs 1,092 crore IPO in the coming week.

Although the Salman Khan-Katrina Kaif-starrer started its box-office journey with a bang, earning Rs 44 crore on the opening day, the movie experienced a steep fall in earnings from the third day. On November 17, the movie earned a dismal Rs 13 crore, a far lower amount than the previous earnings of Rs 18 and Rs 21 crore. The total one-week collection of the action extravaganza amounted to about Rs 200 crore according to a report by the Indian box-office tracking portal Sacnilk.com. Trade analyst Sumit Kadel shared the daily box-office figures of the movie and remarked that the box-office performance of the movie was “below-par.” “#Tiger3 Had a Below Par Friday at the Box Office. All eyes on Saturday Growth Now !!,” reads his post. Some experts have speculated that the India vs New Zealand match for the World Cup semi-finals may have taken away the spotlight from the movie.

IPEF members concluding the negotiations for fair and clean economy agreements, India should follow a cautious approach while finalising the text of these pacts as new commitments need not restrict its policy space or tax revenue generation abilities, a report said. Think tank Global Trade Research Initiative (GTRI) said in its report that after the conclusion of the negotiations, the IPEF member countries, including India will now do domestic consultations and legal reviews and prepare final texts of the proposed agreements. While doing that, the government needs to «focus on ensuring that new commitments do not overly restrict its policy space or tax revenue generation abilities,» it said. This includes careful considerations in areas such as clean economy commitments, labour standards, and agricultural policies, it added. India, the US and 12 other members of the Indo-Pacific Economic Framework for Prosperity (IPEF) have this week concluded the negotiations on the clean and fair economy agreements with a view to strengthen the implementation of effective anti-corruption and tax measures and promote sustainable trade. It was announced after the third IPEF ministerial meeting held in San Francisco, California, this week.

Goldman Sachs expects Brent prices to average at $92 per barrel (bbl)in 2024, and expects the oil market to tighten at a moderate pace amid solid demand while core OPEC supply remains low. The bank in a note dated Thursday said it expects a 0.7 million barrel per day (mb/d) deficit and a solid 1.6 million barrel per day demand growth in 2024. Goldman highlighted that while it expects the oil market to tighten at a moderate pace, still sees significant spare capacity to handle tightening shocks. It added in the note that Organization of the Petroleum Exporting Countries (OPEC) is poised to maintain Brent within the $80-$100 range by establishing an "$80 floor from the OPEC put, and a $100 ceiling from spare capacity." Meanwhile, Saudi Arabia and Russia, part of the OPEC+ group of producers, this month confirmed they would continue with additional voluntary oil output cuts until the end of the year as concern over demand and economic growth continue to weigh on crude markets. Global benchmark Brent futures were trading around $80 a barrel, after sinking 5% to a four month-low on Friday and on track for their fourth straight week of losses.

IREDA IPO: The initial public offering (IPO) of Indian Renewable Energy Development Agency (IREDA) is opening on 21st November 2023 i.e. on Tuesday next week. The public issue worth ₹2,150.21 crore will remain open for subscription till 23rd November 2023.

Buy or sell stocks: After remaining net buyers for two straight sessions, FII turned net sellers again on Friday. FIIs sold out Indian shares worth ₹477 crore on Friday that turned the tide in bears' favour on last session of the week gone by. 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.

As the Reserve Bank of India (RBI) has increased the risk weight on unsecured lending, including credit card receivables by banks and non-banking finance companies (NBFCs), interest rates on unsecured personal loans will go up. For those with a credit score below 750, the hike will be steeper. Borrowers will have to pay higher equated monthly installments, and even those eligible to obtain credit cards or personal loans may face stricter terms and conditions.

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Tata Technologies IPO: The initial public offering (IPO) of Tata Technologies Ltd is going to hit Indian primary market on 22nd November 2023 i.e. on Wednesday next week. The Tata group company has fixed Tata Technologies IPO price band at ₹475 to ₹500 per equity share.

Amazon has said it is using advanced artificial intelligence (AI) to to spot inauthentic product reviews on the platform, ahead of Black Friday amid the ongoing holiday shopping season. The company said late on Friday that before being published online, Amazon is using AI to analyse the review for known indicators that the review is fake.

Motilal Oswal Private Wealth. In an interview with ETMarkets, Shanker said: “I keep telling people that the more pressure you have, the more demanding

TCS buyback 2023: Date for finalising list of eligible shareholders of Tata Consultancy Services (TCS) for buyback of shares has been fixed on 25th November 2023. The Indian IT major has informed Indian stock market bourses that it has fixed 25th November 2023 as TCS buyback record date. The IT giant also informed that TCS buyback record date has been fixed on ex-date basis, which means TCS shares would trade ex-buyback on 24th November 2023 i.e.

Olectra Greentech. The stock, which was trading at ₹497 per share at the start of the year (2023), has witnessed an astounding surge of 141% to trade at the current level of ₹1,196.

non-banking finance companies (NBFCs), lower-rated lenders will likely fare worse since banks might still find it remunerative to lend to bigger non-bank borrowers with relatively lower risk profiles. Tighter Reserve Bank of India norms mean that the bank risk weights on loans for AAA NBFCs have now more than doubled to 45% from 20% earlier, while those for AA-rated NBFCs have increased to 55% from 30% and for A- rated NBFCs to 75% from 50% earlier. Higher risk weights require banks to set aside more capital to provide cover against such loans.

Almost 100 companies in the smallcap segment gave double-digit returns of up to 41% in the week ended November 18, data analysed by ETMarkets showed. While the benchmark Sensex clocked 1.4% gains on a week-on-week basis, the week was a volatile one, as the index fell in two out of the four trading sessions. However, the S&P BSE Midcap and Smallcap indices have outperformed Sensex, gaining more than 2% and 3%, respectively.

RBI) decision to raise risk weights on cash credit, personal loans, and consumer durable loans by lenders. Analysts said investors will become more selective in their stock picks within the sector as the surge in cost of capital on account of the central bank's step could squeeze lenders' margins. Jefferies said NBFCs with a higher share of unsecured consumer loans like SBI Cards (100%), Bajaj Finance (37%) & Aditya Birla Finance (21%) should be most affected by tighter capital norms.

Tata Technologies IPO vs IREDA IPO vs Gandhar Oil Refinery IPO: Five mainboard initial public offerings (IPOs) — Tata Technologies IPO, Indian Renewable Energy Development Agency or IREDA IPO, Gandhar Oil Refinery IPO, Flair Writing Industries IPO and Fedbank Financial Services IPO are going to hit Indian primary market next week. These five upcoming IPOs worth ₹7,378 crore would definitely put confusion among investors as to which IPO they should apply as most of these public offers are expected to deliver good listing gain.

bond market after the banking regulator Thursday assigned higher risk weights to unsecured advances, potentially increasing debt supply by pushing these borrowers to sell corporate bonds while making it more expensive for banks to lend to this credit subsegment. Corporate bond yields, therefore, are set to head north as a large section of non-banking finance companies (NBFCs), hitherto relying on bank funding, increase debt supply to garner incremental capital, prompting investors to demand higher rates of interest. «There could be some widening in terms of credit spreads for NBFCs.

Gold rate today: On account of diminishing expectations of the US Fed rate hike, gold price climbed to a new peak of ₹61,914 per 10 gm levels on Multi Commodity Exchange (MCX) in the week gone by. However, profit booking triggered on higher levels and finally MCX gold rate ended at ₹60,745 per 10 gm levels on Friday, logging weekly gain of 1.62 per cent.