Experts Financial News

Vinay Paharia, CIO, PGIM India MF, says “financials is an area of opportunity, to be very frank because there are lots of good quality companies or private banks or NBFCs with very strong structural growth ahead of them. These are the companies which have much higher than average return on equity and they have clearly been stable businesses. We are clearly overweight private banks and non-bank financial companies and see this as a great source of opportunity.” What is your market outlook in terms of how the valuations stack up versus the earnings growth that we have seen in the quarter gone by? Definitely the valuations currently are at a premium and are seemingly capturing most of the fundamentals for the next six months to one year. We have borrowed some returns from the future and hence, for the near term we are a little bit cautious purely on valuation reasons.

Dalal Street. In the week gone by, equities ended positive as dovish comments from the US Federal Reserve eased bond yields and reduced the risk-off mood in the market. Global markets will, therefore, continue to be watched for cues in early trade. “The resilience of the global markets will be crucial in determining the sustainability of this positive momentum,” said Santosh Meena, head of research, Swastika Investmart. On the derivatives front, FIIs short exposure in index futures is still at an elevated level of 82%; therefore, there is scope for a significant short-covering rally, Meena said.

Delhi's air quality remained in the 'Severe' category on Sunday, with a slight reduction in the overall Air Quality Index (AQI), measuring 410, compared to 504 on Saturday. This information comes from the System of Air Quality Forecasting and Research (SAFAR-India). The SAFAR-India data revealed that air quality in the Lodhi Road area was at 385 (Very Poor), while in the Delhi University area, it was at 456 (Severe).

Vivek Karwa, Chief Executive Officer — Vridhi Investment, says “the first thing to look at is how long the company has been in business. That is one important point. And is there any more? For example, when you talk about paints, which company comes to your mind? When you talk about theatres, which company comes to your mind? So there are companies which have extremely high moat and brand recall. Those companies always tend to do better.” What is fundamental analysis and what should one keep in mind while analyzing companies based on fundamentals? There is no one fixed formula even in fundamental analysis. There are so many things. And anytime you analyze a company, there are so many revolving parts and you have got to put everything together and then come to a conclusion whether you want to buy or not.

work-life balance in a post-pandemic world. Their preferred destinations: the UK, Dubai and Singapore. Improved airline connectivity and technology have made it convenient to travel and be in constant touch with colleagues and family in India, helping the transition. Key reasons stoking this trend include better infrastructure, quality of life, wealth preservation and growth. Many of these promoters told ET on the condition of anonymity that India is important as a growth market, but many countries outside offer ease of living. Having a professionally run business has helped promoters and their next generation focus on growing their operations and wealth, experts say.

World Health Organization. Expressing concern about the expected deterioration in air quality in the coming days due to Diwali and stubble burning in neighbouring states, Delhi Environment Minister Gopal Rai shot off a letter to Union Environment Minister Bhupender Yadav urging that only CNG, electric and BS VI-compliant vehicles be permitted in Delhi-NCR. He also requested for an emergency meeting with NCR states to address the issue.

World Cup game against New Zealand on November 4, the out-of-form Pakistan stunned cricket fans around the world with a spectacular victory via D/L method. The victory dramatically brings Pakistan – the team that lost four matches in a row – back in contention for a berth in the semifinals. This led to scores of fans reacting on social media with the Urdu phrase of ‘Qudrat Ka Nizam’, which translates to system of the nature.

Gangetic plains because the soft soil of the region amplifies seismic energy originating from the Himalayan belt, seismologists said. On Friday night, a strong earthquake of magnitude 6.4 jolted Nepal sending waves of tremors across north India, including in Delhi-NCR.

JK Cement Ltd (JKCL) on Saturday reported 62.18 per cent rise in consolidated profit to Rs 178.47 crore for the second quarter ended September 2023. It logged a net profit of Rs 110.04 crore in the July-September period a year ago, according to a regulatory filing by JKCL.

«Real estate stocks have gained in the current week and Brigade is looking very promising. If we analyze the overall structure, the stock is in an uptrend and almost enjoying its all-time high trajectory,» says Rajesh Palviya, Axis Securities. Edited Excerpts: The market seems to be climbing the wall of worries and the wall really was 19,000 for Nifty50 and 43,000 for Bank Nifty. Now that we have surpassed those levels, do you believe that this momentum will continue and which are the next levels that we should be looking out for?

While the Reserve Bank of India (RBI) has increased the interest rate of Floating Rate Savings Bonds (FRSBs) to 8.1% (October 30, 2023 to April 29, 2024) and has also enabled subscription through its Retail Direct Portal, a web-based platform for investing in government securities, risk-averse investors should note that such bonds are more attractive in a rising interest rate environment.

Calling Chief Minister K Chandrasekhar Rao and his family as «financial terrorists», Reddy said Minister T Harish Rao, who held the irrigation portfolio between 2014 and 2018, and Rao should take the responsibility and stepdown, paving way for an impartial investigation. «The central government has to constitute a committee with experts in irrigation, construction and quality control, from other states. All the pumps and lifts of the Kaleshwaram project have to be thoroughly and comprehensively examined and a report has to be submitted,» he told reporters. After reports of «damage» to Medigadda Barrage, the National Dam Safety Authority (NDSA) visited the site and found that the barrage has been severely compromised, rendering it useless unless fully rehabilitated. In a letter to the Telangana Chief Secretary, NDSA member Sanjay Kumar Sibal said the barrage under the present condition is «rendered useless until fully rehabilitated». Reddy sought to know why, even after this compliance report, Jal Shakti Minister Gajendra Singh Shkhawat and Prime Minister Narendra Modi «are going back» on ordering an inquiry into the whole episode.

White House race faces a firehose of tech-enabled disinformation in what is widely billed as America's first AI election. Campaigners on both sides of the US political aisle are harnessing advanced tools powered by artificial intelligence, which many tech experts view as a double-edged sword.

cyber scam, etc). Individuals might be the victim of financial fraud or identity theft if cyber criminals programmed the bots to operate in such a way. Cyber Swachhta Kendra (CSK) is a free botnet cleaning and malware analysis system that is operated by the Indian Computer Emergency Response Team (CERT-In). CERT-In works under the Ministry of Electronics and Information Technology (MeitY). CERT-In under the CSK program collaborated with various cyber security companies to develop a free bot removal tool. This bot removal tool is given to every Indian citizen at no cost and can help detect and clean bot infection in Windows laptops/desktops and Android devices. How will this tool help you? Answering this, CERT-In says on their website: «Its goal is to create a secure cyberspace by detecting botnet infections in India and to notify, enable cleaning and securing systems of end users to prevent further infections.»

Ask any fund manager today and he/she would mostly recommend a retail investor to go for staggered investments into equities through the SIP route. Such consistent investment in one of HDFC Asset Management’s leading funds has managed to multiply investors’ returns manifold in the last more than two decades. An SIP of Rs 10,000 invested systematically every month in HDFC Top 100 Fund would have grown to Rs 6.88 crore by September. The HDFC Top 100 fund, which predominantly invests in largecap stocks, has completed 27 years since its launch.

Bank of Baroda on Saturday reported a 28.4% year-on-year (YoY) rise in net profit for the quarter ended September 2023 to Rs 4,253 crore. Total income from operations increased by 39% on year to Rs 32,033 crore. Net interest income (NII), the difference between interest earned and interest expended, grew by 6.5% YoY to Rs 10,831 crore. The non-interest income grew more than two-fold on year to Rs 4,171 crore during the quarter.

Information Security Awareness (ISEA) by the Ministry of Electronics and Information Technology (MeitY) has issued an advisory about a fake traffic e-challan scam in recent months which people should be aware of.

Nepal earthquake news: The strong magnitude earthquake of 6.4 hit Nepal on Friday night leaving 132 people dead and several injured, with officials saying that the death toll is expected to rise. The impact of the quake was felt in Delhi-NCR and several other neighbouring states including Uttar Pradesh, Madhya Pradesh, Bihar. Earlier on 15 October, both Delhi and NCR had felt strong tremors, after similar jolts were felt on 3 October.

Apart from new offers, markets will also see listings of Cello World and Mamaearth, whose IPOs hit the Street a few days ago. Given the massive rush of public issues this year, India’s share (number of IPOs) in the global pie has increased sharply from just 6% in 2021 to 13% in the first half of 2023. Analysts expect this momentum to continue in the near future with the much-anticipated Tata Technologies IPO likely to be launched in the third or fourth week of November. «The stampede to market is expected to keep going well into 2024, with investors encouraged by strong listing gains and a robust economy. This month alone, there are 14 IPOs slated,» said Mahavir Lunawat, MD, Pantomath Capital Advisors. Next week, Protean eGov Technologies and ASK Automotive are planning to raise a cumulative Rs 1,324 crore through their public offers.

US Federal Reserve, the Bank of England and the European Central Bank, left rates unchanged this month, fuelling hopes that interest rates have peaked. The 30-share BSE Sensex closed 282.88 points, or 0.44%, higher at 64,363.78, while the broader NSE Nifty 50 gained 97.35 points, 0.51%, to settle at 19,230.60, on Friday. Gains in broader markets also supported the rally.

finance ministry has released ₹10,000 crore in urgent assistance to meet unexpected enhanced expenditure under the rural job guarantee scheme until the first batch of supplementary demands for grants is approved by parliament at its next session, a senior official said. The unusual move came after 95% of the FY24 budgetary outlay of ₹60,000 crore for the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) was exhausted well before the commencement of the winter session of parliament, thanks to a rise in work demand, the official told ET. The urgent funds, released last week to the rural development ministry, will form a part of the additional ₹28,000 crore that could be allocated for the scheme in the first batch of supplementary demands for grants for FY24, he said. The government is yet to announce the dates for the winter session of parliament. At a pre-budget meeting in October, the rural development ministry had asked the finance ministry for additional funds for the rural employment scheme due to enhanced work demand. More people sought work under the MGNREGS until October this fiscal year from a year before, contradicting initial official projections of a moderation in demand. This is mainly due to an erratic monsoon that prevented the usual migration of workers to farming and a tentative industrial recovery, experts have said.