Experts Financial News

Shares of L&T Technology Services Ltd.(up 0.49 per cent) and Tata Consultancy Services Ltd.(up 0.13 per cent) ended the day as top gainers in the pack. On the other hand, MphasiS Ltd.(down 1.69 per cent), Infosys Ltd.(down 0.5 per cent), Coforge Ltd.(down 0.45 per cent), Wipro Ltd.(down 0.42 per cent) and Tech Mahindra Ltd.(down 0.36 per cent) finished as the top losers of the day.

The ET MSME Awards 2023 serves as a beacon, illuminating and honouring these unsung heroes for their exceptional contributions. Now in its fourth edition, this distinguished event has evolved into a platform that magnifies the brilliance and resilience inherent in MSMEs.

Benchmark NSE Nifty closed 33.4 points down at 19731.8 amid selling in frontline bluechip counters. However, stocks such as APM Finvest, Rajesh Exports, Winsome Yarns, ESAF Small Finance and Diamines Chem, touched their fresh 52-week lows.

DCM Shriram Industries(up 6.79%), Uttam Sugar Mills(up 6.73%), AVADHSUGAR(up 1.97%), Mawana Sugars Ltd.(up 1.90%), BAJAJHIND(up 1.85%), Triveni Engineering & Industries(up 1.09%), Magadh Sugar & Energy Ltd.(up 0.91%), Balrampur Chini Mills(up 0.62%), KM Sugar Mills Ltd.(up 0.31%) and Vishwaraj Sugar Industries(up 0.29%) stood among the top gainers. Dhampur Sugar Mills Ltd.(down 2.21%), Ugar Sugar Works(down 1.69%), Dalmia Bharat Sugar and Industries Ltd.(down 1.39%), Dwarikesh Sugar Industries(down 1.27%), Simbhaoli Sugars(down 0.99%), Kothari Sugars & Chemicals(down 0.75%), Shree Renuka Sugars(down 0.70%), Sakthi Sugars(down 0.48%), Ponni Sugars(Erode)(down 0.43%) and Rana Sugars(down 0.41%) were among the top losers of the day.

General Elections in about six months. As per historical records and the current market scenario, experts anticipate yet another pre-election rally.

Small Cap Mutual Funds have been a sought-after sub-category of equity mutual funds, shows the AMFI data. One of the reasons for this is that Small Cap Funds have a good return potential, making them a worthwhile choice for long-term wealth creation. Small Cap Funds invest a minimum of 65% of their assets in Small Cap stocks.

Investors are getting smarter, not necessarily ‘adventurous’. That’s the reading by experts in the mutual fund industry, in light of the rising inflows into small-cap funds.

Renting a residential property can be a good source of monthly income for homeowners. However, before letting out a property, homeowners are required to have proper rent agreements in place to avoid any hassles in future.

Question: On the occasion of Diwali, please guide me on how much money one may get as a gift without attracting any tax obligations.

In a groundbreaking move, Prime Minister Narendra Modi recently inaugurated Yashobhoomi, India’s largest convention center, situated in Dwarka, Delhi. This ambitious venture is set to redefine India’s standing in the global conference tourism sector, aiming to tap into the estimated Rs 25 lakh crore industry. As a real estate expert, I delve into the intricacies of Yashobhoomi’s impact on the Dwarka Expressway property market.

Job loss has become a concern for many salaried individuals — both young and mid-age professionals. The recent job cuts by global giants are some of primary signals of the worsening job market worldwide. Uncertain economic situations do lead to job losses, a fact which can’t be denied. It is already happening and in such a situation, it is important to be financially ready for any financially uncertainty.

Reserve Bank of India on Thursday decided to increase the risk-weights on unsecured credit and bank loans to non-banking financial corporations (NBFCs). The increased risk-weight is applicable to outstanding as well as fresh loans, the central bank said. While credit growth for the overall banking system has remained stable and healthy, certain components of personal loans are, however, recording very high growth, RBI Governor Shaktikanta Das had said in his previous policy statement. Das further added that the central bank was closely monitoring for any signs of incipient stress. Thursday’s decision was, therefore, somewhat on expected lines. However, Dalal Street wasn’t very happy with the same and a kneejerk reaction was seen among NBFC stocks, with Bajaj Finance, One97 Communications, and SBI Cards and Payment Services shedding more than 2-5%. Let’s understand a little more about what the implications of RBI’s move could be on the business. What’s changed? The risk-weights on banks’ unsecured personal loans and consumer durable loans have been increased to 125% from 100%, and that on credit cards have been increased to 150% from 125%. Further, the risk-weights on NBFCs’ unsecured personal and consumer durables loans, and credit cards have been increased to 125% from 100%. The risk-weights on loans by banks to NBFCs has been hiked by 25 percentage points, if the risk-weight is below 100%.

Brazil's Para state, flocks of noisy green parrots soar overhead as children run and play between wooden homes, kicking up sandy soil — in places white and bare as a beach. The ground reveals one of the paradoxes of the rainforest. Renowned for its beauty and biodiversity, the life-giving nutrients of the forest are mostly stored in the trees and other plants, not the soil. When the forest is cleared — for a cattle ranch, soybean field or even a small cluster of village homes — the combination of scorching Amazonian sun and intense rainfall combine to leach scarce nutrients from the soil in just a few years, leaving behind surprisingly barren ground. This impoverished dirt makes it difficult to sustain agriculture in one place. And in a region with some of the highest poverty levels in Brazil, people with few options have often just abandoned degraded fields and cleared more forest — hastening the cycle of deforestation that threatens the planet’s climate and the millions of species unique to the Amazon. “The biodiversity is rich, but so many people are very poor,” said Judson Ferreira Valentim, a soil scientist for the government’s agricultural research agency, Embrapa.

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Multibagger IPO: The initial public offering (IPO) of Quicktouch Technologies Limited is one of the multibagger IPOs that Indian primary market has delivered in 2023. This NSE SME IPO was launched in April 2023 at a fixed price of ₹61 per equity share. Quicktouch Technologies Limited IPO listed on NSE SME Exchange platform on 2nd May 2023 at ₹92 apiece, deliering more than 50 per cent listing premium to the lucky allottees.

Mastercard’s expert Ashok Venkateswaran has expressed skepticism about the current viability of widespread central bank digital currencies (CBDC), claiming that the broad adoption of CBDC could be “difficult,” according to CNBC.

₹1,133 per 10 gm in just four seconds during Thursday's evening trade. This spike occurred despite a stable dollar-priced gold market. The “unusual" surge took gold prices to ₹61,9.14 per 10 gm between 9:10 and 9:15 pm, prompting speculation among traders.

US Federal Reserve will not increase interest rates further and pivot to a rate cut early next year. Rupee is up only 0.1% this week against the US dollar, as compared with 1-2% rally in other Asian currencies. Also Read: The rupee, its fall, slight recovery and what the RBI did “The recovery in the domestic equities backed by foreign fund inflows and lower crude oil prices are providing support to the local rupee.

Mukul Agarwal portfolio: Shares of Gensol Engineering Ltd have been in consolidation phase after trading ex-bonus on 17th October 2023. The energy stock traded ex-bonus for finalising eligible shareholders for issuance of 2:1 bonus shares. This means, two bonus shares were issued for evey one share held by eligible beneficiaries.

Tech Mahindra trading lower. The Nifty IT index has outperformed the benchmark Nifty 50 this year. The IT index has gained about 13 per cent this year so far while the benchmark index Nifty 50 is up over 9 per cent.

stocks witnessed a build of fresh short positions. Lets first understand how this conclusion is reached that whether the stock has seen a buildup of fresh short position or not. To understand it we have to look at what “ short selling” means. When a trader is expecting the stock prices to fall, he may sell the stock without owning that and buy at a lower price, for example, stock XYZ is trading 100, a trader sells the stocks at Rs 100 and buys it back at Rs 90.