Experts Financial News

has continued its upward trend, bouncing back above the $35,000 mark early on Monday following a brief dip linked to legal issues involving FTX founder Sam Bankman-Fried. The overall market sentiment, gauged by the Fear & Greed Index, currently stands at 73, indicating a state of “greed.”

LTIMindtree Ltd. gained 0.64 per cent to Rs 5182.85 at 11:26AM (IST) in Tuesday's trade. The stock hit a high of Rs 5209.0 and low of Rs 5130.05 so far during the session.

AI hallucinations’, which could result in loss of business, threat to life, and increased costs, amidst increasing adoption of artificial intelligence, experts said. AI hallucination refers to when artificial intelligence produces content or choices that are inaccurate, prejudiced, or unsuitable. In such an occurrence, the AI produces information and behaviours that veer significantly from reality.

Prestige Estates Projects Ltd.(up 1.24 per cent) and Mahindra Lifespace Developers Ltd.(up 1.17 per cent) were among the top gainers. Macrotech Developers Ltd.(down 3.07 per cent), Sobha Ltd.(down 2.74 per cent), Oberoi Realty Ltd.(down 1.75 per cent), Indiabulls Real Estate Ltd.(down 1.23 per cent) and Godrej Properties Ltd.(down 0.95 per cent) were the top losers on the index.

Deepak Fertilizers & Petrochemicals(up 1.83%), Agro Phos(up 1.83%), Aries Agro(up 1.59%), Mangalore Chemicals & Fertilizers(up 1.40%), Khaitan Chemicals & Fertilizers(up 1.12%), Chambal Fertilisers & Chemicals(up 0.60%), National Fertilizer(up 0.36%), Coromandel International(up 0.24%) and Madhya Bharat Agro Products(up 0.14%) were among the top gainers. G S F C(down 2.11%), Krishana Phoschem(down 1.75%), Gujarat Narmada Valley Fertilizers (down 1.42%), Bohra Industries(down 1.03%), Southern Petrochemicals Industries(down 0.87%), Fertilizers & Chemicals Tranvancore(down 0.73%), ZUARIAGRO(down 0.72%), Madras Fertlizers(down 0.71%), Nagarjuna Fertilizers & Chem(down 0.61%) and Paradeep Phosphates(down 0.47%) were among the top losers.

Max Healthcare Institute Ltd. traded at Rs 598.7 on BSE at 11:01AM (IST) on Tuesday, up 0.51 per cent from previous close. The stock quoted a 52-week low price of Rs 410.55 and a high of Rs 630.0.

On the BSE, SDC Techmedia(down 19.95 per cent), Tricom Fruit(down 19.66 per cent), Evoq Remedies(down 15.85 per cent), City Crops Agro(down 11.37 per cent) and Decorous Investme(down 10.00 per cent) were among the stocks that plunged over 5 per cent during the session. In the Nifty pack, 27 stocks traded in the green, while 22 stocks traded in the red.

KIOCL(up 4.99%), Pokarna(up 2.41%), NMDC Ltd(up 2.31%), Ashapura Minechem(up 2.22%), Oriental Trimex(up 1.48%), Lexus Granito(up 0.85%), Gujarat Mineral Dvpt Corporation(up 0.81%), Aro Granite Industries(up 0.41%), Madhav Marbles and Granites(up 0.39%) and Orissa Minerals Development Company(up 0.32%) were among the top gainers. MOIL(down 1.14%) and Sandur Manganese & Iron Ores(down 1.08%) were among the top losers.

Colgate-Palmolive (India) Ltd. traded at Rs 2134.3 on BSE at 10:40AM (IST) on Tuesday, up 0.87 per cent. The stock quoted a 52-week low price of Rs 1434.6 and a high of Rs 2142.0.

Emami Ltd. with a target price of Rs 640.

Gland Pharma Ltd.(up 4.52 per cent), Ipca Laboratories Ltd.(up 1.88 per cent), Dr. Reddy's Laboratories Ltd.(up 1.75 per cent), Aurobindo Pharma Ltd.(up 1.58 per cent) and Zydus Lifesciences Ltd.(up 1.53 per cent) were among the top gainers.

Vedanta Ltd. gained 0.66 per cent to Rs 234.7 in Tuesday's trade. It hit a high of Rs 235.5 and low of Rs 233.15 during the session.

ICICI Prudential Dividend Yield Equity Fund gave the highest return of around 33.69% in the three-year horizon. Templeton India Equity Income Fund, second in the list, offered 27.67% in three years. Aditya Birla Sun Life Dividend Yield Fund, the oldest scheme in the category, offered 26.30% in three years. The scheme has completed around 20.75 years in the market.

The NSE Nifty index traded 21.95 points down at 19389.8, while BSE Sensex was down 120.0 points at 64838.69 as of 10:44AM(IST)on November 07. In the Nifty index, Oil And Natural Gas Corporation Ltd.(up 2.20 per cent), Dr.

Gland Pharma Ltd. with a target price of Rs 1920.

brokerages took a favourable view on the stock following its September quarter earnings. Among them were Morgan Stanley which remains overweight on the counter relying on improvements being seen in its business. In the domestic pack, Nuvama maintained a buy view while Kotak Institutional Equities recommended an 'Add'. On Monday, Nykaa reported a 8% year-on-year (YoY) growth in its consolidated net profit at Rs 5.4 crore for the quarter ended June 2023.

equities by foreign portfolio investors intensified in October as a sharp spike in the US bond yields amid concerns that interest will stay higher for longer triggered a risk-off mood on Dalal Street. Data shared by the National Securities Depository Ltd (NSDL), showed that eight major sectors saw high selling by FPIs, with financial services bearing most of the brunt of it. FPIs net sold shares worth Rs 28,933 crore or $3.5 billion across eight sectors, namely financial services, information technology, oil & gas, power, fast moving consumer goods, construction, consumer durables, and healthcare.

primary market has been one of the shining lights in the investment arena this year with a bumper rush of public offers and healthy listing gains. Six IPOs have turned multibaggers in Samvat 2079 with the highest return of over 300% by Kaynes Technology. The other offers which have delivered over 100% returns till date include Plaza Wires, Cyient DL, Global Health, Senco Gold and Utkarsh Small Finance Bank. While Plaza Wires is up about 163% from its offer price, Cyient DLM and Global Health are each trading 140% higher. Other notable mentions are the ideaForge and Netweb Technologies IPOs, whose shares doubled investors wealth on listing day.

Day trading guide for stock market today: On account of strong global cues, Indian stock market extended its rally for third straight session on Monday. Nifty 50 index advanced 181 points and closed at 19,411 levels, BSE Sensex shot up 594 points and ended at 64,958 mark whereas Bank Nifty index finished 301 points up at 43,619 levels.

Gold inched lower in early Asian hours on Tuesday as the dollar staged a rebound, although bullion prices were stuck in a tight range with investors staying on the sidelines ahead of comments from Federal Reserve officials including Chair Jerome Powell. FUNDAMENTALS * Spot gold was down 0.1% at $1,975.35 per ounce by 0116 GMT and U.S. gold futures fell 0.3% to $1,982.10. * The dollar rose 0.1% after hitting a six-week low in the previous session, making gold more expensive for other currency holders.

Sensex jumped 594 points to settle at 64,958 and the broader Nifty climbed 181 points to end at 19,411. Stocks that were in focus included names like IndiGo, which gained 1.94%, Nykaa, which jumped 5.06%, and JK Cement, whose shares increased 8.67% on Monday. Here's what Avdhut Bagkar, Derivatives & Technical Analyst at StoxBox, recommends investors should do with these stocks when the market resumes trading today. IndiGo — Bullish Following a move over the 100-simple moving average (SMA), the price action has succeeded in surpassing the selling pressure level of 2550. This move points further upside in the direction of 2650 – 2700 levels. The trend remains highly optimistic, holding the support of 2470.