Experts Financial News

Santos may be forced to halt construction of its 262-kilometre underwater pipeline to its offshore $5.8 billion Barossa gas project if the Federal Court agrees to an injunction sought by local Indigenous groups.

Persistent Systems Ltd.(up 1.07 per cent) were among the top gainers. LTIMindtree Ltd.(down 1.13 per cent), Infosys Ltd.(down 0.8 per cent), Tata Consultancy Services Ltd.(down 0.73 per cent), MphasiS Ltd.(down 0.46 per cent) and Coforge Ltd.(down 0.44 per cent) were the top losers on the index.

Shares of Tata Motors rose as much as 2% in early trade on Tuesday, before trimming some gains, a day after the company was awarded 7.66 billion rupees ($92.00 million) to compensate for its investment in the Singur plant in West Bengal. A three-member arbitral tribunal said Tata Motors was entitled to recover the amount from West Bengal Industrial Development Corporation for the loss of investments related to the automobile facility, according to an exchange filing. The Singur plant, presently closed, was initially set up to manufacture Tata Nano cars with an investment of 10 billion rupees.

MOIL(up 3.57%), Orissa Minerals Development Company(up 2.48%), Lexus Granito(up 1.54%), Aro Granite Industries(up 1.06%), NMDC Ltd(up 0.97%), Madhav Marbles and Granites(up 0.92%), Oriental Trimex(up 0.76%) and Coal India(up 0.19%) were among the top gainers. KIOCL(down 2.64%), Pokarna(down 2.29%), Gujarat Mineral Dvpt Corporation(down 2.25%) and Ashapura Minechem(down 0.59%) were among the top losers.

money, there is another group that is experiencing significant losses. However, the number of people profiting from the stock market may be less than the number who lose.

Colgate-Palmolive (India) Ltd. traded 0.97 per cent higher in Tuesday's session at 10:30AM (IST). The stock opened at Rs 2031.05 and has touched an intraday high and low of Rs 2093.4 and Rs 2031.05, respectively, during the session so far.

Trent Ltd. rose 1.83 per cent to Rs 2158.95 in Tuesday's trade as of 10:25AM (IST) even as the benchmark Nifty ruled at 19140.9, up 93.65 points. The scrip had closed at Rs 2120.15 in the previous session.

Piramal Pharma Ltd. with a target price of Rs 115.0.

Moneycontrol IFSCA chairperson K Rajaraman, speaking to Moneycontrol during the Asia Securities Forum AGM in Mumbai, shared, "It is currently awaiting the PMO approval and could be out anytime soon. Recommendations by the working group, coordinating with the Securities and Exchange Board of India (Sebi) and the Reserve Bank of India (RBI), will also be out in 10–15 days. Then, we can make the necessary amendments to enable the procedure by the end of the year, he told Moneycontrol during the event.

Dividend stocks 2023: Shares of Tips Industries, Dr Agarwals Eye, Balkrishna Indusries, Elecon Enggineering, Sasken Tech and Styrenix will be in focus when stock market opens today. The board of directors of these companies have declared dividend for its eligible shareholders. Tips Industries has declared an interim dividend of ₹2 per share, Balkrishna Industries board has declared ₹4 per share interim dividend, Elecon Engineering has declared Re 1 per share interim dividend, Sasken Technologies has announced ₹12 per share interim dividend whereas Styrenix has declared ₹22 per share interim dividend.

Rajan Sethuraman, CEO, LatentView Analytics, says “what has aided the growth in the last quarter and even in the first quarter has been incremental work that we have won from existing stakeholders. That again, is energizing because it means that the work we are doing for our current stakeholders is important and critical, that they choose to continue that and even add to that during the current economic scenario.” In the first half of the year, we have seen a growth of around 20%. But when we started the year, you had a growth target of at least 25%. Are you expecting growth to accelerate in the second half of the year or are you expecting this kind of growth rate to continue? While we hope for a significant acceleration, at this time, the demand scenario is still a little weak. We are, however, energized by the fact that the number of open conversations and the opportunities in the pipeline is more than double of where we were at the same time last year. So there is a great deal of interest but signing new deals and getting things underway, that is still quite sluggish.

yen hovered near a two-week high on Tuesday, boosted by a report that the Bank of Japan (BOJ) could further tweak a key bond yield policy tool when it announces its monetary decision later in the day. The dollar looked set to end the month largely unchanged against a basket of currencies, having lost some steam after a roughly 2.5% gain in September. Yet, the greenback is being underpinned by risks of another rate hike from the Federal Reserve, analysts say, noting a still-resilient U.S.

shares rallied on Tuesday amid speculation that the central bank will loosen yield curve controls later in the day, offsetting a big drop in tech stocks following declines for U.S. peers and disappointing earnings from Panasonic. The Topix banking index climbed 2.25% as of 10:28 local time (0128 GMT) to lead gains among the Tokyo Stock Exchange's (TSE) 33 industry groups. The Nikkei newspaper reported overnight that the Bank of Japan will consider raising the ceiling for long-term yields from the current 1% at its policy meeting likely ending sometime around the TSE's midday trading recess. The benchmark 10-year Japanese government bond yield jumped to a fresh decade high at 0.955% shortly after the market open, while the yen traded around 149.42 per dollar after reaching a nearly two-week high of 148.81 overnight. «It feels to me personally like there's going to be a policy tweak today» by the BOJ, said Kazuo Kamitani, an equity market strategist at Nomura Securities. However, in the event of a hawkish shift, «I don't expect a big swing in the long-term yield from here, as it's already come a good way, but investors will want to confirm that,» he said. Japan's Topix index gained 0.43%, with an index of value shares such as banks rallying 0.65%, outpacing a 0.21% rise for growth shares, which are predominantly tech names . The Nikkei 225 share average, with its heavy weighting for tech shares, slipped 0.18% to 30,640.89. Chip-testing equipment manufacturer Advantest was the Nikkei's biggest drag, shaving off 44 points with a 4.3% slide.

Oil prices rose in early Asian trade on Tuesday ahead of global central bank meetings and as tensions in the Middle East remained high. Brent crude futures rose 46 cents, or 0.53%, to $87.91 a barrel by 0001 GMT while U.S. West Texas Intermediate crude climbed 33 cents, or 0.4%, to $83.64 a barrel. Oil fell more than 3% on Monday as Israel's attacks on Gaza escalated although fears eased that the Israel-Hamas war would disrupt supply from the region. Israeli troops and tanks attacked Gaza's main northern city from the east and west on Monday, three days after it began ground operations in the Palestinian enclave. Traders were also keeping a close eye on global monetary policy, with rate-setting meetings of major central banks scheduled for this week. The Bank of Japan (BOJ) will be the first with its meeting on Tuesday where it is likely to revise up its inflation forecasts and discuss further tweaks to its bond yield curve control (YCC). Speculation grew on Monday that the BOJ would act after Nikkei, citing sources close to the matter, reported that policymakers may further tweak YCC to allow the 10-year Japanese government bond yield to rise above 1%. The U.S.

Gold prices were flat on Tuesday after slipping below the critical $2,000 milestone in the last session, as investors prepared for central bank meetings this week with particular focus on the U.S. Federal Reserve's policy outlook. FUNDAMENTALS * Spot gold was steady at $1,995.69 per ounce by 0059 GMT and U.S.

China, warning the public that visibility could drop to less than 50 metres (164 feet). Northern province Hebei launched an anti-pollution emergency response, listing traffic safety controls for when necessary including suspending flight takeoffs and landings, temporarily closing highways and suspending ferries, China's meteorological bureau said in a notice. Authorities also warned road users to stop in safe parking areas when conditions required and asked people to stay indoors. Beijing said it would implement traffic control measures if the capital activates its highest air pollution warning. Heavy smog has engulfed the country's north for a few days while autumn temperatures soared to typical early summer levels close to 30 degrees Celsius (86 degrees Fahrenheit) in some areas. Experts said weak cold air currents from the north pole were a key factor behind the unusual weather. As air pollution levels in the wider Beijing-Tianjin-Hebei area and northern part of Henan province reached moderate to severe, pollution control experts said increased industrial activities, heavy trucking and crop fires had contributed to the haze, state media CCTV reported. Regional power consumption in late October was up 5% compared with first half of the month, more significantly in the cement, brick and tile industries, worsening conditions, CCTV said. Parts of Tianjin municipality and Hebei and Shandong provinces, as well as eastern areas of Jiangsu province saw heavy fog resulting in visibility of less than 1 km (0.62 mile) on Tuesday morning, the National Meteorological Center (NMC) said. Until Thursday, light to moderate haze will continue to cover the central and southern parts of China's northern region, with severe haze

Also Read: 6 things that changed for the stock market overnight - Gift Nifty, Wall Street rally to China PMI “Technically, this pattern indicates continuation of upside bounce in the market. The recent swing low of 18,837 of October 26 could now be considered as a short-term bottom reversal for the market," said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.

Mamaearth IPO: The Initial Public Offering (IPO) of Honasa Consumer Limited popularly known as Mamaearth has hit primary market today. Mamaearth IPO will remain open for bidding till 2nd November 2023. Honasa Consumer Limited has fixed Mamaearth IPO price at ₹308 to ₹324 per equity share.

Day trading guide for today: Despite mixed global market cues, Indian stock market ended higher on Monday. Extending the pull back rally for second straight session, Nifty 50 index gained 93 points and ended at 19,140 levels, BSE Sensex shot up 329 points and finished at 64,112 mark whereas Bank Nifty index surged 257 points and closed at 43,039 levels. In broad market, mid-cap index added 0.13 per cent while small-cap index finished with marginal gains.

Low pay and long hours have put big four accountants off the once-prized career goal of making partner, despite the outsized financial rewards on offer at the top, according to a recruiter.

Management consultants will struggle to land new roles until Easter next year, but accounting, tax, audit and cyber experts continue to be sought after by the major consulting firms, according to recruiters.