Experts Financial News

What Pahwa has done is ‘girl math’, and she’s not the only one doing it. The accountant in you may baulk, but people are apparently buying things for ‘free’. Or, at least, that’s what social media will have you believe.

Senior executives at Allkem and Livent say investors are supportive of the $US10 billion ($16 billion) merger between the two mining groups despite increasing concerns that volatility in the lithium price is making the deal, struck in May, increasingly unattractive to the former’s shareholders.

BC Jindal Group, has emerged as the sole bidder for debt-laden Future Enterprises (FEL) after a more than eight-month process. Jindal's plan was the only one received by creditors till the end of business on Friday, the last date for submission of resolution plans for FEL, which owes creditors led by Central Bank of India and its arm Centbank Financial Services a total ₹12,265 crore, the second largest debt pile from the defunct retail giant Future Group. Reliance Retail, which had expressed interest and sought more time to submit a resolution plan, did not end do so, people familiar with the process said. «Ultimately, there is only one bidder after the extensions and all the to and fro. Lenders will now scrutinise the plan and seek clarifications.

BSE Midcap index rose 0.67 per cent while the Smallcap index clocked a robust gain of 1.14 per cent. The overall market capitalisation of the BSE-listed firms rose to nearly ₹322.5 lakh crore from nearly ₹320.3 lakh crore in the previous session, making investors richer by about ₹2.2 lakh crore on Muhurat Trading 2023. Shares of Infosys, Wipro, Asian Paints and TCS ended as the top gainers in the Sensex index while only two stocks - Sun Pharma and UltraTech Cement - ended in the red in the 30-share pack.

Sensex and Nifty started the Hindu accounting year Samvat 2080 on a positive note by ending 0.5% stronger. Sensex ended 355 points higher while Nifty ended comfortably above the 19,500-zone. Buying action was more visible in the broader market as the smallcap index rallied over 1% with Welspun Corp, Engineers India and Swan Energy rallying 7-9% each. That said, here’s a look at what some key indicators are suggesting for Tuesday’s action: US market The dollar eased and global equities rebounded on Friday as Wall Street rallied on doubts that interest rates will go higher even after Federal Reserve Chair Jerome Powell cautioned that tighter monetary policy might be needed to tame inflation. The Dow Jones Industrial Average rose 1.15%, the S&P 500 gained 1.56% and the Nasdaq Composite added 2.05%, its biggest percentage jump since May.

Dalal Street welcomed Samvat 2080 in good spirits, as benchmark indices gained half a percentage points during the special Muhurat Trading session on Sunday. The 50-stock Nifty settled above the 19500-mark at 19525.55 points, up 100.20 points or 0.5% from the previous session. The 30-stock Sensex gained about 355 points or 0.5% to settle at 65259.45 points.

₹702.05 against the previous close of ₹777.60. However, it pared losses sharply and traded 1.04 per cent lower at ₹769.55 around 6:20 pm on BSE. The pharma company on November 10 reported a consolidated revenue growth of 6.3 per cent and adjusted EBITDA growth of 8.3 per cent year-on-year (YoY) for Q2 FY24.

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Ashishkumar Chauhan today warned retail investors against dabbling in the high-risk world of derivatives. “Stock market is meant for long-term wealth creation. An unpleasant experience disheartens the affected investors to enter the stock market ever again.

Russia plans to block certain Virtual Private Networks (VPNs) and protocols deemed by a commission of experts to pose a threat, state news agency RIA reported citing correspondence from the digital ministry. Demand for VPN services soared after Russia restricted access to some Western social media after President Vladimir Putin ordered troops into Ukraine in February 2022.

Rahul Jain, President and Head of Nuvama Wealth is positive about the Indian market for the Samvat 2080 even though he thinks there may be some volatility due to domestic and global factors. In an interview with Mint, Jain said sectors such as renewables, capital goods, defence, electricity, power-associated sectors, and infrastructure may do well in Samvat 2080. Edited excerpts: In the period post-Diwali, the markets faced a sluggish period for a few months followed by a noteworthy correction.

World Cup or on the global macroeconomic stage. If one were to think of the global events that have unfolded over the last one year, one would have anticipated a reasonable correction in the equity market. However, India’s policy stance ensured that global geopolitical tensions didn’t impact India materially.

Sectorally, buying was seen in power, utilities, public sector, and metal stocks while selling was seen in auto, consumer durables, IT, and oil & gas. Stocks in focus include names like Vijaya Diagnostic which was up more than 6%, Caplin Point Laboratories which rose more than 9% to hit a fresh high and Swan Energy which closed with gains of over 2% on Friday. Indian market will remain open on Sunday on account of Muhurat Trading Day. We have collated a list of three stocks that either hit a fresh 52-week high, or all-time high or saw a volume or a price breakout. We spoke to an analyst on how one should look at these stocks the next trading day entirely from an educational point of view: Analyst: Kush Ghodasara, CMT, SEBI RA: INH000002137 Vijaya Diagnostic Center The stock was travelling in a rising wedge pattern since September but on Friday it nudged out with heavy volumes. Indicators have been in positive momentum, but volumes have been quite uneven, which suggests traders should wait for some more confirmation before buying in a new position. The stock can be bought in the range of 560-580 until then we can wait.

Origin Energy’s carbon emission intensity will be reduced by 80 per cent in the next seven years if shareholders approve a near-$20 billion sale of the electricity and gas utility to a consortium of private equity firms.

cybersecurity incidents. Who is behind the alarming spate of personal data breaches, and what drives their motivation? Several high-profile breaches have come to light, exposing the personal information of thousands of individuals. The incidents have targeted a range of sectors, including banking, healthcare, and ecommerce, raising concerns about the vulnerability of sensitive data in the digital age.

Muhurat trading session on the occasion of Diwali. The session will be for about an hour, opening at 6:15 pm. Here are the companies that will be in focus in today's trade: Sun TV Sun TV's net profit increased 14% for the quarter ended September 2023 to Rs 456 crore. ONGC Oil and Natural Gas Corporation (ONGC) reported a 65% growth in consolidated net profit to Rs 13,734 crore.

Iceland declares state of emergency after 800 tremors in Grindavik Grindavik is also near the Blue Lagoon geothermal spa resort, a popular tourist destination that closed as a precaution earlier this week. The Icelandic Meteorological Office said there was a "considerable" risk of an eruption on or just off the Reykjanes peninsula due to the size of the underground magma intrusion. Watch: Volcanic eruption begins near Iceland's capital "The magma is now at a very shallow depth, so we're expecting an eruption within a couple of hours at the shortest, but at least within a couple of days," an expert told AFP news agency.

Deepfakes, which first emerged on the scene in 2019 with fake videos of Meta CEO Mark Zuckerberg and former US House Speaker Nancy Pelosi, are the 21st century's alternative to Photoshopping — creating images and videos of celebrities via a form of artificial intelligence (AI) called deep learning. If you have seen former US President Barack Obama calling Donald Trump a «complete dipshit», or Zuckerberg having «total control of billions of people's stolen data» — and more recently a deepfake video of actor Rashmika Mandana that went viral on social media — you probably know what deepfake is.

Geojit Financial Services. Nifty having taken support at 19329, the recent reaction low on Friday, a buy on dips mode is in play, which augurs well for Muhurat day and for those worrying about a dip on the next day, he says. Edited excerpts from a chat:

returns in October, little-known Shepherd's Hill PMS-run multicap Value Magno fund topped the list by delivering an impressive monthly return of around 9%. Equitree Capital Advisor's smallcap Emerging Opportunities fund came second on the list with 6% return last month. Other top performing funds were Credent's AIM Multicap fund, Stallion's Core fund, Motilal Oswal's value migration and IOP funds, shows data pulled from PMS Bazaar. Green Portfolio's Dividend Yield Fund also managed a decent return of 2.6%. During the month, both Nifty TRI and BSE 500 TRI fell around 3% and most of the star fund managers failed to eke out positive returns.

risk. You see, the stock market is known for its volatile nature. Some investors take advantage of this market volatility, while some struggle to keep up with it. For those who struggle with the roller-coaster ride of the stock market, experts often recommend diversification as a way to mitigate risk.