Experts Financial News

Since the Nifty and the Sensex moved up around 20%, there should be a 10% kind of give up because I do not see it going more than that. Now we are maybe 300-400 points away from that in terms of the Nifty, so that is what should be the worst case. I do not see it going below that, says Sandip Sabharwal, asksandipsabharwal.com Are we just aligning ourselves with the rest of the globe given the outperformance we have had in the past? Yes, reasons for the corrections come later, but the view was that there should be some sort of correction after the euphoric up move, especially in the small and midcap side because when that kind of euphoria comes in and the kind of crazy valuation which IPOs were getting or are still getting, that is not good for the market so that is the phenomenon which is playing out. That said, my view was that since the Nifty and the Sensex moved up around 20%, there should be a 10% kind of give up because I do not see it going more than that.

FinEdge. “If a particular sector has witnessed a significant upswing, one will need to understand the near to medium term prospects of the sector before considering further allocations," says Girish Lathkar, Partner and Co-founder, Upwisery Private Wealth. A thorough research and understanding the stages of growth of the sector against the backdrop of the overall cycle is important. An investor has the choice to keep investing across cycles or alternatively an investor can consider playing contrarian by moving to sectors which are depressed but have better prospects in the medium term and wait out.

Day trading guide for stock market today: Dalal Street continued to bleed for the sixth straight session on Thursday as FIIs sold out Indian shares worth ₹7,702 crore. However, DIIs provided big support to the Indian stock market as they bought shares worth ₹6,558 crore on the previous session.

Also Read: 6 things that changed for the stock market overnight - Gift Nifty, US GDP growth to corporate earnings Nifty is currently placed at the support of 200 day EMA for the first time since past April 2023. “Though, Nifty is placed at the key moving average supports, still there is no indication of any reversal pattern building up at the lows. The negative pattern like lower tops and bottoms of larger degree is intact on the daily chart and the market finding support to form a new lower bottom of the sequence.

Buy or sell stocks for today: Indian stock maket fell for the sixth consecutive session on Thursday even as a series of poor corporate results in the US cast a shadow on the global risk appetite already impacted by the conflict in the Middle East. Nifty 50 index lost 264 points and ended at 18,857 levels, BSE Sensex dipped 900 points and closed at 63,148 mark while Bank Nifty index corrected 551 points and finished at 42,280 levels.

RIL, Maruti Suzuki, Bajaj Finserv, SBI Life, Cipla, Dr Reddy's Shares of RIL, Maruti Suzuki, Bajaj Finserv, SBI Life, Cipla, and Dr Reddy's will be in focus as the companies will announce their second quarter results. Vodafone Idea Vodafone Idea Ltd's consolidated net loss widened to Rs 8738 crore for the quarter ended September. Revenue from operations rose by a marginal 0.9% to Rs 10,716 crore. Read more: Here's the trade setup for today's session Laxmi Organic Laxmi Organic reported net profit of Rs 10.7 crore for the quarter ended September.

Nifty slipping below the 19,000 mark. «Given the global uncertainties, there could be higher volatility in the near term and thus giving long term investors an opportunity to accumulate quality stocks at lower levels. We suggest making higher allocation towards large caps as valuations are comfortable along with steady growth prospects,» 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 positive start GIFT Nifty on the NSE IX traded higher by 47.5 points, or 0.25 per cent, at 18,960, signaling that Dalal Street was headed for positive start on Friday.

Treasury yields rebounded Wednesday, reflecting concerns that interest rates might stay high for long. Fears that the Hamas-Israel conflict may widen into a bigger regional turmoil added to the negative sentiment. The fall in global crude prices did not aid sentiment. Extending the losing run to the sixth straight session, the Nifty closed below 19,000 for the first time since June 28 amid intense selling by foreign portfolio investors.

Vodafone Idea's net loss for the fiscal second quarter widened sequentially to ₹8,737.9 crore from ₹7840 crore, as the cash-strapped telco provisioned for higher taxes following a recent top court ruling, and interest costs continued to weigh. Vodafone Idea, a joint venture between UK's Vodafone Group Plc and India's Aditya Birla Group (ABG), saw average revenue per user (ARPU), a key performance metric, rise over 2% on-quarter to ₹142, as it added more 4G users. But the telco kept losing subscribers overall to end the period with 219.8 million. In a statement, the telco said, «With improving operations, we have seen the lowest quarterly subscriber decline of 1.6 million since merger.» Quarterly revenue was flat sequentially at ₹10,716.3 crore as compared with ₹10, 655.5 crore in the April-June quarter. «We are pleased to report another quarter of consecutive revenue growth, improvement in ARPU and 4G subscriber additions.

Analysts at most brokerages retained or raised their price targets on Axis Bank after the lender reported a robust net interest margin (NIM) compared to its peers in the bank's second-quarter results. The stock gained 1.87% to close at ₹973.35 on Thursday. The average price target on Axis Bank of all analysts compiled by Bloomberg following the second quarter results is ₹1,169.78, implying an upside of almost 20.18% over Thursday's closing. Shares of peers HDFC Bank were down by 2.28%, ICICI Bank by 0.67%, and Kotak Mahindra Bank by 1.92%, while the Nifty Bank index declined 1.29%. «The key highlight was stable NIM quarter-on-quarter led by better lending yields and relatively lower slippages.

stock market in the past six days has resulted in various shares dropping 10-30%. But, there are over a dozen stocks from NSE 500 universe that have remained resilient in this period.

Shriram Finance's net profit increased 13% year-on-year to ₹1,751 crore in the quarter ended September driven by strong demand for vehicle loans. Besides, net interest margin(NIM) improved during the quarter as the company reduced the excess liquidity on its books. Commercial vehicle loan disbursements increased 14%, construction equipment 22%, and micro medium and small enterprises (MSMEs) increased 30% year-on-year.

stock market has resulted in about 30% of the NSE-200 stocks dipping below their 200-day moving average (DMA), a key technical indicator used to gauge long-term trends in both individual shares and indices. When a stock or an index falls below the 200-DMA, it's a bearish signal, and vice versa. Out of the 60 stocks below this long-term trend indicator, Navin Fluorine International, Indraprastha Gas, Gujarat Gas, Biocon, HDFC Bank, Pidilite Industries, Kotak Mahindra Bank, Dabur India, BPCL, and Wipro are among the notable names.

mid-cap and small-cap indices has more or less been in line with benchmarks, Sensex and Nifty, amid the equities selloff in the past six trading sessions. But a scratch below the surface reveals various smaller shares have fallen way more than the indices in this period. While mid-cap and small-cap indices have fallen about 6% in the previous six trading sessions, about 23 stocks in the Midcap 150 index and 55 stocks in the Smallcap 250 index have fallen more than 10%. On Thursday, the Nifty Midcap 150 index fell 1.14% and the Nifty Smallcap 250 dipped 0.48%, while the Sensex and Nifty tumbled 1.4% each. Among midcaps, Indraprastha Gas fell 20.6% in the past six trading sessions.

Indian Bank's net profit increased 62% year-on-year riding on retail loan growth and a fall in provisions even as other income growth was tepid due to a fall in foreign exchange fees. Net profit increased to ₹1,988 crore in September 2023 from ₹1,225 crore a year ago. Total advances increased 12% to ₹4.92 lakh crore in September mainly due to a 14% increase in retail loans and a 16% growth in agriculture advances.

OFS) of 4.12 crore shares. The IPO was sold at a price band of ₹308- 324.

Daylight Saving Time is scheduled to conclude on Sunday, November 5, resulting in most US states turning their clocks back by one hour. This change has significant implications for our health. The US Senate approved legislation in March 2022, declaring that Daylight Saving Time will become a permanent fixture in the US calendar starting in 2023. This means that the biannual clock adjustments will be eliminated. The Senate's unanimous approval means that US clocks will align with the sun by moving one hour ahead. Nonetheless, there are dissenting voices among health professionals who argue that this transition may have an adverse impact on people's overall well-being. The culmination of Daylight Saving Time phase often serves as a trigger for cluster headaches, a condition characterized by severe headaches that manifest in cycles lasting approximately six to eight weeks before subsiding. It is theorized that the transition associated with Daylight Saving Time may, in fact, induce such a cycle, CNN reported quoting health expert. The correlation between this time shift and cluster headaches is rooted in the fact that the brain's region responsible for generating cluster headaches is also responsible for managing circadian rhythms, situated within the hypothalamus, as per a CNN report. Despite its seemingly minor nature, Daylight Saving Time can exert a notable influence on our circadian rhythm, which regulates our sleep-wake patterns, CNN reported. The end of Daylight Saving Time results in reduced daylight and shorter fall and winter days. This alteration may contribute to the onset or exacerbation of Seasonal Affective Disorder, a form of depression linked to seasonal changes and diminished daylight.

HT Media Group, has emerged as the fastest-growing news website in the world. It recorded a 49% year-on-year increase in the number of page visits, according to Press Gazette's September 2023 ranking of the top 50 global news websites. Publisher of popular editions, including the weekend magazine Mint Lounge and the personal wealth brand Mint Money, Mint consistently invests in in-depth reporting, data analysis, and top-notch journalists and expert columnists to power readers' personal growth.

financial planning, particularly because it helps mitigate losses. That’s the reason why financial experts always tout the benefits of both life and health insurance. But, are these policies merely for resident Indians or do non-resident Indians (NRIs) also need them? Many NRIs are unsure about this.

₹7,702.53 crore on Thursday; local institutions stepped in with purchases worth ₹6,658.45 crore, enabling the broader markets to recover from their intraday lows. With the indices falling below key levels, the investment strategy has shifted from ‘buy on dips’ to ‘sell on rise’, a market expert said. The decline in benchmark indices was led by heavyweight HDFC Bank, which neared its 52-week low.

Washington has decided to withdraw its proposal on digital trade at the global trade body to retain the policy space to regulate Big Tech firms. The changed position is crucial ahead of a key ministerial meeting of the WTO next year for which digital trade has been identified as one of the «solid deliverables» by senior trade officials of 164-member countries on Tuesday. The WTO e-commerce negotiations, through a Joint Statement Initiative (JSI), began in 2019 with 90 members trying to reach a consensus on data flows, data localisation, and protection of source code by MC13. India has opposed the plurilateral initiative and has kept away from the talks. New Delhi backs flexibility in digital policy and has concerns about the potential dominance of a handful of e-commerce players. India has also expressed apprehensions over the proposed rules favouring foreign companies, especially the Big Tech. «The new US stand on digital trade validates India's approach on the subject.