Experts Financial News

Larsen & Toubro Ltd., incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 413810.84 Crore) operating in Construction sector. Larsen & Toubro Ltd.

Forex traders said negative equity market sentiment and selling pressure from foreign investors kept the Indian currency range-bound. At the interbank foreign exchange, the rupee opened at 83.28, higher by 1 paisa from its previous close. On Thursday, the rupee closed at 83.29 against the American currency.

Vedant Fashion, Jefferies has a hold rating on Nazara Technologies, CLSA maintained a buy on Zee Entertainment and Jefferies maintained an underperform rating on Piramal Enterprises. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley on Vedant Fashion: Overweight| Target Rs 1418 Morgan Stanley maintained an overweight rating on Vedant Fashion at a target price of Rs 1418. The global investment bank believes that the share price will rise relative to the country index over the next 60 days. The global investment bank expects the company to deliver strong H2 top-line growth, aided by a higher number of wedding dates and festive season. The management has seen good traction in sales, footfalls, and conversions during the Navratri period. Analysis of credit card spend also indicates that festive spending is strong.

Sandip Sabharwal, asksandipsabharwal.com, says 2024 will be a year of good double-digit gains in the market. 2023 was expected to be a bit dicey in a way because of the rate hike cycle and the impact that it will have on valuations, etc, market selloffs and whether it can create some disruptions. In my view, the time to be worried about higher interest rates is not now, it was earlier. Now we need to look forward and see what will happen as interest rates eventually start coming down.” While nothing is really happening in the market for the last two days, how do you think the year ahead is going to look like? The year ahead will be very good. I believe 2024 will be a year of good double-digit gains in the market. 2023 was expected to be a bit dicey in a way because of the rate hike cycle and the impact that it will have on valuations, etc, market selloffs and whether it can create some disruptions. I believe that a lot of people are now worried about higher interest rates. In my view, the time to be worried about higher interest rates is not now, it was earlier. Now we need to look forward and see what will happen as interest rates are already high and then eventually they will start coming down and what that does to market valuation and overall economic outlook and both of them which are positive.

“Despite robust macro and healthy earnings trajectory India cannot stay fully immune to global factors,” says Kedar Kadam, Director — Listed Investments, Waterfield Advisors. In an interview with ETMarkets, Kadam said: “In our view, one should stay put and use the market declines to add more in a staggered manner from a 3-4 years perspective” Edited excerpts: We have seen some correction from the highs in both Sensex and Nifty. What is fueling the fall – is it the combination of rise in US Yields and geopolitical concerns? I reiterate my earlier stance, despite robust macro and healthy earnings trajectory India cannot stay fully immune to global factors.

Oil prices were little changed on Friday after rising in the previous session but are set to fall for a third week as concerns of supply disruptions from the Israel-Hamas conflict have ebbed allowing demand worries to reassert themselves. Brent crude futures for January were flat at $80.01 a barrel at 0157 GMT, while the U.S. West Texas Intermediate (WTI) crude futures for December were at $75.67, down 7 cents. Brent futures are down 5.7% this week while WTI has declined 5.9% since last week.

Asian stocks fell to their lowest in a week on Friday, while the dollar was firm as elevated Treasury yields weighed on sentiment after hawkish comments from U.S. Fed Chair Jerome Powell extinguished expectations of a peak in interest rates. MSCI's broadest index of Asia-Pacific shares outside Japan fell 1% to a one-week low of 486.39, while Japan's Nikkei was 0.50% lower.

Buy or sell stocks for today: Indian stock market swung between gains and losses and finally ended lower on Thursday session. Nifty 50 index lost 48 points and closed at 19,395 levels, BSE Sensex went down 143 points and closed at 64,832 mark whereas Bank Nifty index finished 24 points higher at 43,683 levels.

Sensex fell 143.41 points to end at 64,832.20, while the Nifty 50 settled 48.20 points lower at 19,395.30. Nifty 50 formed a reasonable negative candle on the daily chart that placed within a high low range of 19,460-19,350 levels.

markets remained range-bound for the third day in a row and ended marginally lower on Thursday. «Overall we expect the ongoing recovery to continue and any dips can be used as buying opportunity,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a negative start GIFT Nifty on the NSE IX traded higher by 41.5 points, or 0.21 per cent, at 19,380.5, signaling that Dalal Street was headed for negative start on Friday.

Tata Motors Moody's has upgraded the corporate family rating of Tata Motors and Jaguar Land Rover to “Ba3” from “B1”, while maintaining a positive outlook. ZEE Zee Entertainment Enterprises (ZEE) Thursday reported 9% growth in its consolidated net profit to Rs 123 crore in the September quarter. Read more: Here's the trade setup for today's session LIC, ONGC, Coal India, M&M, Eicher Motors, BSE, Hindalco Shares of LIC, ONGC, Coal India, M&M, Eicher Motors, BSE, and Hindalco will be in focus as the companies will announce their second quarter results. Aurobindo Pharma Aurobindo Pharma reported net profit of Rs 757 crore for the quarter ended September. Revenue from operations stood at Rs 7,219 crore. ICICI Bank ICICI Bank said ICICI Securities will be its wholly owned subsidiary following the approval of the Reserve Bank of India. Muthoot Finance Muthoot Finance posts net profit of Rs 991 crore in the second quarter.

Dividend stocks 2023: Shares of Dabur India Ltd, Indian Oil Corporation Ltd, 360 One Wam Ltd, ADF Foods Ltd, Allsec Technologies Ltd, Amara Raja Energy & Mobility Ltd, Avance Technologies Ltd, CARE Ratings Ltd, Indian Metals & Ferro Alloys Ltd, Insecticides (India) Ltd, Indian Railway Finance Corporation Ltd, LKP Finance Limited, M. K.

Oscar" in the food industry. Celebrity Chef Vikas Khanna, who has also won a Michelin Star in the past, expressed his happiness on social media. He said these awards are a great honour for Indian food and hospitality.

ESAF Small Finance Bank IPO: Listing date of the initial public offering (IPO) of ESAF Small Finance Bank Limited has been fixed on 10th November 2023 i.e. today. As per the BSE notification, "...effective from Friday, November 10, 2023, the equity shares of ESAF Small Finance Bank Ltd shall be listed and admitted to dealings on the Exchange in the list of 'B' Group of Securities." BSE notice went on to add that ESAF Small Finance Bank share price will list on BSE and NSE in special pre-open session during Friday deals.

Dhantеras is sееn as an act of inviting Lakshmi, thе goddеss of wеalth, into onе's life. Bеyond cultural and spiritual significancе, rеal еstatе offеrs a compеlling financial proposition. “Owning propеrty signifiеs stability, sеcurity, and thе potential for future growth – all hallmarks of financial wеll-bеing," said Anurag Goеl, Dirеctor, Goеl Ganga Dеvеlopmеnts.

ASK Automotive, a manufacturer of advanced braking systems, was subscribed 51.02 times on the final day. The portion reserved for qualified institutional buyers was subscribed 142.41 times, while the non-institutional or high-net-worth investors' segment was subscribed 35.47 times.

TBO Tek, a leading travel distribution platform, has filed its draft red herring prospectus with Sebi for an IPO consisting of a fresh issue of ₹400-crore and an offer for sale of up to 15.6 lakh shares. Funds will be allocated towards fuelling growth, expanding the network of buyers and suppliers and undertaking acquisitions, according to offer documents.

companies listed on the National Stock Exchange surged to an all-time high of 7.62% in the September quarter, underscoring their growing appetite for equities in one of the fastest -growing economies in the region. Retail investors — classified as individuals with less than shareholding worth ₹2 lakh in a company — made purchases worth ₹7,596 crore in July-September, according to Prime Database, amid the record-breaking run in the stock market The country's rich also mounted their bets on stocks here.

mutual funds in October jumped 42% over the previous month led by continued investor appetite for small-cap schemes. This marks the 32nd straight month of inflows into equity schemes in the wake of the record-breaking stock market rally. Debt mutual funds too witnessed inflows of ₹43,634 crore after the outflows in September, as corporate treasuries came back to liquid funds with October being the first month of the third quarter of the financial year.

NEW DELHI : Online rummy and poker are legal again in Tamil Nadu, with the Madras high court ruling that a state law passed last year curbing online games will not apply to these “games of skill". While the state’s Prohibition of Online Gambling and Regulation of Online Games Act, 2022, remains valid in terms of time, age limit and spending restrictions, it cannot be used to ban online titles of rummy and poker, the court said. These titles have been referred to as games of skill, and are seen under a different lens away from betting and gambling, the court ruled.

artificial rain to combat hazardous air pollution in the city and directed the chief secretary to present the government's views before the Supreme Court on Friday, officials said. If the Centre supports the decision, the Delhi government can arrange for the first phase of artificial rain in the city by November 20, they said on Thursday. «In a significant development, the Delhi government has decided to bear the cost of artificial rain that could be made to happen by November 20 if the Centre extends its support to the Delhi government,» said a senior government functionary. «The chief secretary has been directed to inform the Supreme court that the Delhi government has in principle agreed, based on the advice of an IIT-Kanpur team, to bear the cost of Phase 1 and Phase 2 pilots (totalling Rs 13 Crore) for carrying out artificial rain,» he said. The Arvind Kejriwal government plans to induce artificial rain through cloud seeding technology to combat air pollution in Delhi, Environment Minister Gopal Rai said on Wednesday after meeting the IIT-Kanpur team. The IIT-Kanpur team claimed that successful trials of artificial rain have been carried out in Kanpur, resulting in success in six out of seven attempts.