Experts Financial News

BSE on Wednesday (November 1), a day after the company reported its Q2FY24 earnings. GAIL share price opened at ₹120.65 against the previous close of ₹119.55 and rose about 1.6 per cent to the level of ₹121.50. The stock, however, cooled off quickly and traded 0.71 per cent higher at ₹120.40 around 9:20 am in a weak market.

India VIX was up by 2.92% from 11.49 to 11.82 levels on Tuesday. Volatility has been on the rise from the last two sessions which has made the upside capped for the indices. On the weekly options front, the maximum Call OI is placed at 19200 and then towards 19500 strikes while the maximum Put OI is placed at 19000 and then towards 19100 strikes. Call writing is seen at 19200 and then towards 19250 strikes while Put writing is seen at 19100 and then towards 19050 strikes. “Options data suggests a broader trading range in between 18500 to 19600 zones while an immediate trading range in between 18850 to 19400 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said. “Nifty has formed a Bearish candle on the daily frame on Tuesday but has been forming higher highs — higher lows from the last three sessions,” he said. “Now the Nifty index has held above 19050 zones, for an up move towards 19250 then 19350 zones whereas supports are placed at 19000 then 18888 zones,” recommended Taparia. We have collated a list of stocks from various experts for traders who have a short-term trading horizon: Expert: Nagaraj Shetti, Technical Research Analyst, HDFC Securities Ltd told ETBureau Mangalam Cement: Buy| Target Rs 425| Stop Loss Rs 380 Tube Investments of India: Buy| Target Rs 3300| Stop Loss Rs 3050 Expert: Nooresh Merani, an independent technical analyst told ETNow LIC Housing: Buy| Target Rs 490| Stop Loss Rs 450 CDSL: Buy| Target Rs 1700| Stop Loss Rs 1390 Satin Creditcare: Buy| Target Rs 270| Stop Loss Rs 230 (You can now subscribe to our ETMarkets WhatsApp channel) (Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not

Dracula. «He was a Romanian prince, not a vampire,» said the schoolboy, as he tripped by torchlight through the nocturnal gloom of Forchtenstein Castle. The group being guided through the Austrian fortress are eager to sink their teeth into the gripping life of Vlad Tepes, the notorious «Vlad the Impaler», whose descendants once held the schloss. The castle is home to one of the few paintings of the cruel 15th-century prince, and this Halloween its curators are trying to bring the real historical figure out from the chilling shadow of the monster invented by the Irish writer Bram Stoker. Rather than being a ghoulish fiend, the real Vlad Tepes had for a «long time gone down in history as a positive figure» who courageously fought the Ottoman Turks, said the director of its collections, Florian Bayer. «More and more people are able to distinguish between the bloodsucking vampire and the historical figure,» he said. Voivode Vlad III — also known by his patronymic name Dracula derived from the Slavonic word for dragon — once ruled over Wallachia, a Romanian-speaking vassal state of the Kingdom of Hungary.

Dividend stocks 2023: Cyient Shares and Nestle India share price will be in focus when the stock market opens today. The board of directors of these companies have declared dividend for its eligible shareholders. The dividend is a percentage of earnings paid out to shareholders.

“Small and midcap stocks can see a correction and so can large caps as valuations have been stretched overall,” says Sahil Kapoor, Head of products and Market Strategist, DSP Mutual Fund. In an interview with ETMarkets, Kapoor said: “Gold can benefit from the global chaos and volatility in other assets. It has all the ingredients to do relatively better than other assets” Edited excerpts: A mixed October for markets in the middle of India's festive season. What is capping the upside is it geopolitical concerns or valuations? Whenever markets trade at expensive valuations, it find reasons to correct. Currently, Nifty is trading at 22.7 times trailing earnings and at a return of equity (ROE) of 13%.

Sensex declined 237 points to settle at 63,874 and Nifty dipped 61 points to end at 19,079. Stocks that were in focus included names like BSE, which declined 2.61%, Muthoot Finance, which fell 1.50%, and SBI Life, whose shares gained 3.30% on Tuesday. Here's what Amol Athawale, Vice-President — Technical Research at Kotak Securities, recommends investors should do with these stocks when the market resumes trading today. Siemens — Buy The stock had been in a persistent downward trend. Therefore, it is currently into an oversold territory on the daily scale.

mutual funds over the past one year, and many more are expected to join in the coming months. They have an option to buy and hold units in the same demat account where their stocks are held, or they can buy units from the fund house without the need for a demat account.

Oil prices edged up in early Asian trade on Wednesday ahead of key global central bank meetings this week including the U.S. Federal Reserve, as the market also closely watches the latest developments in the Israel-Hamas conflict. Brent January crude futures rose 36 cents, or 0.4%, to $85.38 a barrel by 0040 GMT, after falling $1.33 on Tuesday.

BSE notice, “effective from Wednesday, November 1, 2023, the equity shares of Blue Jet Healthcare Limited shall be listed and admitted to dealings on the Exchange in the list of 'B' Group of Securities." Blue Jet Healthcare shares will list on BSE and NSE in a special pre-open session during Wednesday deals at around 9:45 am whereas Blue Jet Healthcare shares will become available for trade at 10:00 AM. Blue Jet IPO received decent response from investors across all categories.

Day trading guide for today: Domestic equity indices the Sensex and the Nifty 50 snapped their two-day winning run and resumed their downward march in the previous session, amid mixed global cues. Tracking mixed global cues, Nifty 50 closed the day at 19,079.60, down 61 points, or 0.32 per cent while the Sensex ended with a loss of 238 points, or 0.37 per cent, at 63,874.93.

BSE Sensex fell 237.72 points to end at 63,874.93, while the NSE Nifty 50 settled 61.30 points, or 0.32%, lower at 19,079.60. Nifty 50 formed a long bear candle on the daily chart, which is indicating an emergence of selling pressure from near the crucial resistance of 19,200-19,300 levels.

Bajaj Finance, Sun Pharma, Tata Steel, Britannia, Hero Moto, Adani Wilmar, Ambuja Shares of Bajaj Finance, Sun Pharma, Tata Steel, Britannia, Hero Moto, Adani Wilmar, and Ambuja will be in focus as the companies will announce their second quarter results. L&T L&T reported consolidated net profit of Rs 3,223 crore in the September quarter, up 45% year-on-year. Patanjali Foods Patanjali Foods will be moved out from the additional surveillance measure (ASM) framework from November 1, according to an exchange circular. Read more: Here's the trade setup for today's session Airtel Telecom major Bharti Airtel Ltd saw its profit fall by 37% to Rs 1,341 crore for the quarter ended September. Tata Consumer Tata Consumer Products reported 3% growth in its consolidated net profit at Rs 338 crore in the July-September period. Adani Total Gas Adani Total Gas reported 8% year-on-year (YoY) growth in consolidated net profit for the quarter ended September to Rs 173 crore. Lupin Lupin said it has received an establishment inspection report (EIR) from USFDA for its Mandideep Unit-2 manufacturing facility. Navin Fluorine Navin Fluorine reported net profit of Rs 60 crore for the quarter ended September. Revenue from operations stood at Rs 472 crore. VIP Industries VIP Industries is said to be considering potential sale as PE firms show interest, according to an ET Now report. Amara Raja Batteries Amara Raja Batteries' net profit rose 6% to Rs 214 cr in the September quarter.

«Going forward, US Fed policy outcome which is due on Wednesday would provide cues to the mark,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal. Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a muted start GIFT Nifty on the NSE IX traded lower by 9 points, or 0.05 per cent, at 19,131, signaling that Dalal Street was headed for muted start on Wednesday.

ICMR servers. Details, including Aadhaar number, passport number, name, age, gender and address of 4 lakh citizens, are already uploaded as sample files on the dark web by the hacker named 'pwn0001' who is auctioning the 90 GB data extracted by him from ICMR servers on October 9, claimed cyber experts. This incident which was first-discovered by American cyber firm Resecurity on October 10 could potentially be the largest data breach in Indian history.

₹59,000 last month, has benefited. Experts say a growing market in refurbished phones has also helped. While 5% of smartphone users had phones priced at $400 and above in 2021, this grew to 7% in June this year.

Punjab National Bank (PNB), Union Bank of India and Central Bank of India are among those looking for consultants. Although banks have their internal cadres, some of these specialized roles require domain expertise that is not always readily available within the workforce. These roles include chief technology officer, chief financial officer, chief risk officer, chief digital officer, chief information security officer and chief economic adviser.

DeFi enthusiasts know all too well the benefits that decentralization can bring to finance: trustless operations, innovation and greater control for users. 

The UK government has issued a comprehensive response to its consultation on crypto asset regulation, unveiling a final regulatory framework based on input from businesses, experts, and significant market events, including the ongoing FTX court case.

₹2,000-8,000 per plate. Restaurateurs, caterers and party planners are seeing roaring demand to serve home parties, as festival spirits prompt spending and celebrating indoors in the run-up to Diwali. Many people are focusing on decor for their Diwali parties, said Mukta Kapoor, director of Delhi-based Yuna Weddings & Events.

State Bank of India and Indian Overseas Bank, seeking recovery of their dues, the Supreme Court on Tuesday dismissed their petitions seeking a review of its earlier judgement that statutory creditors like tax authorities and government agencies would be considered secured creditors under the Insolvency and Bankruptcy Code (IBC). A Bench comprising justices Justices AS Bopanna and Bela M Trivedi while affirming its last year’s view said it had considered the waterfall mechanism and the other provisions of the Code before arriving at its decision for deciding the priority for distribution of sale proceeds of assets, etc. The case does not “fall under the ambit of review,” it said. On September 6 last year, the top court ruled that any insolvency resolution plan, approved by the financial creditors by ignoring the statutory demands payable to state and Central governments or other legal authorities, was liable to be rejected.

Consolidated net profit (after exceptional items) for India’s second-largest telco fell for the second consecutive quarter to Rs 1,340.7 crore in the July-September quarter from Rs1,612.5 crore in the preceding quarter and Rs 2,145.2 crore a year earlier. Airtel’s net income (before exceptional items), though, rose 44.2% on-year and 2% sequentially to Rs 2,960 crore. “This decision (court ruling) does not alter the total amount of VLF allowed as deduction over the licence period but creates a timing difference wherein later years would have a higher deduction,” the company said in its earnings statement Tuesday. As a result, Airtel has made a tax provision of Rs 226.3 crore and included the interest charge on the matter amounting to Rs 1,350 crore as part of the exceptional items, it added. “Additionally, exceptional items include a charge of Rs 2,203 million (Rs 220.3 crore) on account of re-assessment of regulatory levies.