Experts Financial News

India's retail inflation, or consumer price index (CPI)-based inflation, for October is due on Monday, November 13. The BSE Sensex declined 325 points or 0.50% to settle at 64,934. The broader NSE Nifty dropped 82 points or 0.42% to end at 19,443. Among Sensex stocks, Bajaj Finance and Infosys were the top laggards, falling over 1% each.

1. Indus Towers 50-Day SMA: 184.17 | Closing Price: 186.4 2. United Breweries 50-Day SMA: 1588.51 | Closing Price: 1604.2 3. Sona BLW Precision Forgings 50-Day SMA: 568.04 | Closing Price: 571 4. The Indian Hotels Company 50-Day SMA: 409.7 | Closing Price: 411.35 5. Gland Pharma 50-Day SMA: 1631.99 | Closing Price: 1636.9 6. Adani Ports and Special Economic Zone 50-Day SMA: 811.36 | Closing Price: 812.25 7. State Bank of India 50-Day SMA: 580.87 | Closing Price: 581.3 8. Ashok Leyland 50-Day SMA: 175.89 | Closing Price: 175.9 (You can now subscribe to ourETMarkets WhatsApp channel) (Disclaimer: This is an AI generated article.

Australian club cricketer stunned spectators by taking six wickets in the final over to snatch victory in a one-day game. Gareth Morgan, the captain of Mudgeeraba, found himself facing almost certain defeat in the Gold Coast's Premier League Division 3 match against Surfers Paradise. With Surfers Paradise needing only five runs to win and six wickets remaining, Morgan decided to take matters into his own hands and bowl the last six balls. What followed was nothing short of miraculous.

LTIMindtree Ltd. traded 0.57 per cent down at Rs 5235.0 on Monday at around 12:37PM (IST), while the benchmark BSE Sensex declined 313.2 points to 64946.25. As many as 3,196 shares changed hands on the counter with a total value of Rs 1.67 crore.

Marico Ltd. traded at Rs 517.65 on BSE at 12:22PM (IST) on Monday, down 1.05 per cent from previous close. The stock quoted a 52-week low price of Rs 462.95 and a high of Rs 595.0.

Godrej Consumer Products Ltd. traded 0.96 per cent down at Rs 978.05 on Monday at around 12:27PM (IST), while the benchmark BSE Sensex declined 317.27 points to 64942.18. As many as 1,693 shares changed hands on the counter with a total value of Rs 0.17 crore.

Indian Hotels Company Ltd. traded 0.52 per cent down in Monday's trade at 12:07PM (IST). Around 17,703 shares changed hands on the counter.

Oil and Natural Gas Corporation (ONGC ltd) share prices declined up to 1.31% on the BSE in morning trades on Monday Oil and Natural Gas Corporation (ONGC) released its July-September quarter results for fiscal 2023-24 (Q2FY24) on Friday, November 10, post market hours. ONGC reported a surge of 142 per cent in consolidated net profit at ₹16,553 crore, compared to ₹6830 crore in the corresponding period last year. The state-run petroleum giant's revenue from operations during the second quarter of the current fiscal stood at ₹146,873.73 crore, registering a decline of 13 per cent, compared to ₹168,656.12 crore in the year-ago period.

Coal India share price extended rally to hit a fresh 52-week high on Monday after the company’s better-than-estimated earnings for the quarter ended September 2023 cheered analysts. Coal India shares gained as much as 4.76% to a high of ₹347.50 apiece on the BSE after certain brokerages raised target price on the stock. The world’s largest coal miner, Coal India (CIL), reported a 9.85% increase in revenue and a 12.51% increase in net profit year-over-year during the second quarter of FY24.

rescue operation to evacuate 40 workers trapped inside the tunnel is underway. 1. The National Disaster Response Force (NDRF) and other teams engaged in the rescue operation at the site hopes to evacuate the 40 workers trapped by today evening.

Pretean IPO listing: After listing below market estimates, shares of Protean eGov Technologies Limited attracted buying interst post-listing and went on to hit intraday high of ₹824.75 per share on BSE, around 4 per cent higher from the issue price of ₹752 to ₹792 per equity share. According to stock market experts, Protean eGov Technologies Limited has a government-backed operational capacity.

rupee ended at a record low at 83.34 a dollar. The local unit had hit its lifetime low of 83.42 to the dollar during the session. Also Read: Retail investors should avoid trading in derivatives, says NSE chief Ashish Chauhan Persistent outflows of foreign funds and a weak trend in the domestic equities weighed on the local unit, forex traders said.

Bloomberg reported that Mobius plans to step back from the namesake investment firm he co-founded five years ago. "London-based Mobius Investment Trust will continue to be managed by Mobius Capital Partners LLP, which is led by Founding Partner Carlos Hardenberg, according to a statement from the trust on Friday. The fund had $250 million in assets under management as of February," according to the Bloomberg report.

ASK Automotive IPO: Allotment of shares for the initial public offering of ASK Automotive Limited has been finalised and now all eyes are set on ASK Automotive IPO listing date, which is most likely on 15th November 2023. In the wake of T+3 schedule, ASK Automotive IPO listing is expected on third trade session after closure on ASK Automotive IPO subscription. As ASK Automotive IPO closed on 9th November 2023 i.e.

Aurobindo Pharma Ltd.(up 1.66 per cent), Ipca Laboratories Ltd.(up 1.64 per cent), Divi's Laboratories Ltd.(up 0.75 per cent), Sun Pharmaceutical Industries Ltd.(up 0.45 per cent) and Lupin Ltd.(up 0.41 per cent) were among the top gainers. Biocon Ltd.(down 2.91 per cent), Glenmark Pharmaceuticals Ltd.(down 1.95 per cent), Abbott India Ltd.(down 1.62 per cent), Natco Pharma Ltd.(down 0.63 per cent) and Gland Pharma Ltd.(down 0.62 per cent) were the top losers on the index.

MOIL(up 5.20%), NMDC Ltd(up 2.87%), Coal India(up 1.48%), Ashapura Minechem(up 1.13%), Orissa Minerals Development Company(up 1.08%) and Gujarat Mineral Dvpt Corporation(up 0.64%) were among the top gainers. 20 Microns(down 1.57%), Sandur Manganese & Iron Ores(down 1.26%), Aro Granite Industries(down 0.94%), Pokarna(down 0.75%) and KIOCL(down 0.57%) were among the top losers.

Zee Entertainment Enterprises Ltd. traded 0.17 per cent higher in Monday's session at 10:15AM (IST). The stock opened at Rs 250.25 and has touched an intraday high and low of Rs 254.4 and Rs 249.5, respectively, during the session so far.

BSE Ltd. Emkay upgraded LIC to buy, and CLSA maintained a buy on Ashok Leyland and on Eicher Motors. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Investec on BSE: Buy| Target Rs 2345 Investec maintained a buy rating on BSE and raised the target price to Rs 2345 from Rs 2140 earlier. The company reported an earnings beat on the core business.

brokerages recommended a buy rating on the LIC stock. While Emkay upgraded the stock from an earlier hold stance, Motilal Oswal reiterated its buy, arguing that India's largest life insurer has levers in place to maintain its industry-leading position and ramp up growth in the highly profitable product segments. The stock today fell 1.4% to the day's low of Rs 599.20 on the NSE in the opening trade amid weakness in the overall markets.

Sandip Sabharwal, asksandipsabharwal.com, says “the re-rating potential is low now in defence and railways stocks. Now it is on earnings growth and in many of these companies, earnings growth will take these stocks forward and that is how people have to play it. So, the multibagger moves could be over. Now, the next few years could be of steady returns. What didyour Diwali Muhurat list look like? There are a lot of companies we can play for. On the contrarian side, companies like Aditya Birla Retail which have gone through a very tough period over the last one year and fallen from Rs 352 to Rs 220 could be interesting from here on because as inflation ebbs and there is a turnaround normally, apparently the first segment which bounces back. So, from a contrarian perspective, I would play Aditya Birla Retail.

Hindalco Industries Ltd. with a target price of Rs 580.