Experts Financial News

Avenue Supermarts Ltd. traded 0.86 per cent higher in Friday's session at 11:52AM (IST). The stock opened at Rs 3709.95 and has touched an intraday high and low of Rs 3758.5 and Rs 3703.55, respectively, during the session so far.

MacBook & iMac at its 'Scary Fast' launch event on Monday. With the event scheduled for 5:30 AM IST, the spotlight is firmly fixed on the upcoming launches.

₹31.99 apiece on BSE. Suzlon Energy share price touched intraday high of ₹32.90 and low of ₹31.90. Currently, Suzlon share price is hovering close to its 9-year high levels.

Brokers with cent accounts facilitate real-time trades but require a smaller capital, given that all metrics are denominated in cents. Experts at Traders Union point out that the primary distinction between a standard and a cent account lies in the displayed nominal value. For example, a $10 deposit in a cent account will show a 1,000-cent balance, representing the available trading funds.

We considered all equity hybrid categories such as aggressive hybrid, balanced advantage or dynamic asset allocation fund, arbitrage fund, equity savings. No arbitrage scheme managed to beat its benchmark in 2023.

Apar Industries Ltd. with a target price of Rs 5630.

Asian Paints with a target price of Rs 3100. The current market price of Asian Paints Ltd.

Cholamandalam Investment & Finance Company Ltd. gained 3.77 per cent to Rs 1177.4 in Friday's trade as of 10:35AM (IST). The stock hit a high price of Rs 1177.4 and low of Rs 1132.1 during the session.

On the BSE, Sterlite Tech(down 11.26 per cent), JLAInfraville&Shop(down 10.00 per cent), Margo Finance(down 9.99 per cent), Paramone Concepts(down 7.51 per cent) and Decorous Investme(down 7.38 per cent) were among the stocks that plunged over 5 per cent during the session. In the Nifty pack, 43 stocks traded in the green, while 7 stocks traded in the red.

Reliance Industries share price traded over a percent higher on Friday ahead of the announcement of financial results for the quarter ended September 2023. RIL shares opened higher at ₹2,242 apiece as against previous close of ₹2,226.20 on the BSE. RIL stock gained 1.83% to an intraday high of ₹2267.10 in Friday early trade.

BSE on Friday, October 27, a day after the company reported its July-September quarter (Q2) earnings. Dixon Tech share price opened at ₹5,458.05 against the previous close of ₹5,341.10 and soon rose 3.2 per cent to hit the intraday high of ₹5,513.35 in trade so far. The stock, however, cooled off and traded 1.56 per cent higher at ₹5,424.20 around 10 am on BSE.

Stock market today: After bllodbath on Dalal Street for the last six sessions, Indian stock market finally witnessed some buying interest during early morning deals on Friday. Whether it is just a relief rally or the market finally bottomed out after havey beating on six days in a row, only time will tell.

rupee ended 5 paise lower at 83.23 a dollar. (Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) The dollar retreated as the US Treasury yields dropped from its record levels after the US GDP data, durable goods sales orders as well as home sales numbers exceeded the estimated growth, analysts said.

Preeyam Tolia, Equity Research Analyst- FMCG & Retail, Axis Securities, says “we believe that the Q3 onwards, the demand should pick up for the paint segment. Anyway, it was expected that Q2 would be more sluggish but this is more than what we anticipated.” Asian Paints numbers seems to be a miss, especially volume growth was below what we were expecting. It has come in at 6% for the decorative business. So first cut for Asian Paints, how are the numbers looking to you? Definitely the numbers are weak in terms of top line and the bottom line as well because it is below our estimates. We anticipated a revenue growth of 3% led by 5% volume growth. However, the volume growth is better than our estimate, which the company reported of 6%. We believe that the delay in the festive season, which shifted towards the second half of the year, has impacted the overall demand. So yes, the numbers are weak.

The BSE Sensex was trading 500 points higher, above 63,600. Nifty50 was trading above 19,000, up 155 points at around 9.50 a.m. From the Sensex stocks, Infosys, Tata Steel, M&M, NTPC, SBI and Wipro opened with gains, while only Asian Paints, UltraTech Cement, and HUL opened with cuts. Among individual stocks, Karnataka Bank rose 5% after the board of the bank approved the allotment of Rs 800 crore on a preferential basis. Meanwhile, Vodafone Idea shares traded nearly 3% higher despite its consolidated net loss widened to Rs 8,738 crore in Q2 FY24 from Rs 7,595 crore in Q2 FY23. All major sectoral indices logged gains.

Armenia's IT industry has been experiencing tremendous growth and development and local startups including firms dealing with Artificial Intelligence are seeking active partnerships with Indian counterparts and open chapters in South Asia’s biggest market. Armenia has emerged as an attractive destination for technology companies and startups, thanks to its favorable business environment, skilled workforce and supportive government initiatives, local industry experts told ET. Armenia is home to some of the most industry disrupting startups in the medical crypto, AI, and design fields. With a large pool of tech talent and a history of noteworthy astrophysicists and chess grandmasters, it is no surprise that there are so many successful innovative tech startups.

Shriram Finance with a target price of Rs 2325. The current market price of Shriram Finance is Rs 1949.55. Shriram Finance Ltd., incorporated in the year 1979, is a Large Cap company (having a market cap of Rs 72273.08 Crore) operating in NBFC sector.

India VIX was up by 3.71% from 11.31 to 11.73 levels on Thursday. Volatility spiked to 12.7 zones during the day and paved the way for the bears to completely take over the market. Since it is the beginning of new expiry, options data is scattered at various far-strike prices.

Colgate-Palmolive India, and HSBC recommended a buy on Shriram Finance and Asian Paints. Meanwhile, UBS recommended a buy on ACC. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies on Colgate Palmolive India: Buy| Target Rs 2320 Jefferies maintained a buy rating on Colgate Palmolive India and raised the target to Rs 2320 from Rs 2180 earlier. The company reported flat volume growth, but pricing power led to earning growth.

Federal Reserve’s commentary on interest rates and economy when it meets next week. MCX December gold futures were trading flat at Rs 60,955 per 10 gram, up by Rs 3.

Canara Bank with a target price of Rs 440. The current market price of Canara Bank is Rs 379.1. Canara Bank, incorporated in the year 1906, is a banking company (having a market cap of Rs 67803.12 Crore).