Experts Financial News

Xi Jinping's demand for total obedience and the elimination of any potential rivals within the ruling Communist Party, analysts say. State media this week confirmed that former defense minister Gen. Li Shangfu and former foreign minister Qin Gang were «no longer serving in office,» but offered no details. The opacity of China's one-party authoritarian system creates huge speculation about why the officials left office and whether they will face legal censure.

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Relative Strength Index (RSI), which helps gauge the momentum and overbought or oversold conditions of a stock. In this article, we'll discuss RSI, why it's vital in assessing stock movements, and explore five stocks currently in the overbought zone with bearish RSI trends. The Relative Strength Index (RSI) is a widely used momentum oscillator that measures the speed and change of price movements.

Relative Strength Index (RSI). In this article, we'll explain what RSI is, why it's crucial for evaluating stock movements, and highlight three stocks that are currently on the rise based on their RSI trends. The RSI is a momentum oscillator that measures the speed and change of stock price movements.

Tech Mahindra announced an interim dividend of Rs 12 per share for the financial year ending 2024. The dividend is 240% on the face value of per share. The company has fixed November 2 as the record date for determining the members entitled to receive the interim dividend. The said interim dividend will be paid on November 21, 2023, to the equity shareholders of the company whose names appear on the register of members of the company or in the records of depositories as beneficial owners of the shares as of the record date. Shares of Tech Mahindra will likely trade ex-dividend on the day or a day before the record date.

Golden Crossover is and why it's an essential factor to consider when assessing stock movements. We will also spotlight five stocks that have recently experienced this pattern, offering investors a more informed perspective. The Golden Crossover is a critical indicator in technical analysis.

rupee closed 7 paise lower at 83.19 against the US dollar. Forex markets were closed on Tuesday on account of Dussehra.

As crypto markets turn bullish, on-chain traders aren't being left behind, as MoonDAO's Mooney token (MOONEY) surges +40%.

The NSE Nifty index ended the session 159.6 points down at 19122.15, while BSE Sensex fell 522.82 points to 64049.06. In the Nifty index, Coal India Ltd.(up 1.37 per cent), Tata Steel Ltd.(up 1.13 per cent), Hindalco Industries Ltd.(up 0.99 per cent), Tata Consumer Products Ltd.(up 0.78 per cent) and State Bank of India(up 0.59 per cent) stood among the top gainers.

Domestic benchmark index NSE Nifty ended 159.6 points down at 19122.15, while the BSE Sensex closed 522.82 points down at 64049.06. On the other hand, Welspun Invst, Macpower CNC Machine, Wealth First Port, Welspun India and Kewal Kiran Clo stocks hit their fresh 52-week highs today.

India's Welspun Living reported a multi-fold rise in its second-quarter profit on Wednesday, boosted by strong demand for its bed and bath linens. The company's consolidated net profit rose to 1.97 billion rupees ($23.6 million) from 86.7 million rupees in the corresponding quarter a year ago, the home textile maker said in an exchange filing. Rising demand among urban consumers and a reduction in inventory have helped profitability at home textile companies, analysts said.

Kotak Mahindra Bank offers an interest rate between 2.75% to 7.25% to general citizens and 3.25% to 7.75% for senior citizens. The bank has increased interest rate by 10 bps on 2 years to less than 3 years from 7% to 7.10% and 5 bps increase on tenure of 23 months 1 day to less than 2 years from 7.20% to 7.25%. RBI fines ICICI Bank, Kotak Mahindra Bank for defaulting in fraud reporting, loan recovery rules

The category has seen assets under management almost double to Rs 40,000 crore from Rs 20,840 crore in the last one year. Financial planners believe since this product gives exposure to different asset classes, it comes in with lower volatility compared to pure equity funds and is a good starting point for many first-time investors or those looking to make lumpsum investments with tax efficiency.

BSE Sensex today opened upside at 64,619 and went on to hit intraday high of 64,787 mark. However, the 30-stock index witnessed sharp selling at higher levels and hit intrday low of 63,912 levels, losing to the tune of near 1500 points in last two sessions.

GAIL (India) Ltd. traded 1.44 per cent down in Wednesday's trade at 12:43PM (IST). Around 316,025 shares changed hands on the counter.

Bajaj Finserv Mutual Fund has announced the launch of Bajaj Finserv Banking and PSU Fund, an open-ended debt scheme investing in debt instruments of banks, public sector undertakings, public financial institutions and municipal bonds with relatively high interest rate risk and moderate credit risk. New Fund Offer of the scheme is open and it will close on November 6. The fund will be jointly managed by Siddharth Chaudhary, Senior Fund Manager- Fixed Income and Nimesh Chandan, CIO.

₹2,50,00,000 divided into 25,00,000 equity shares of ₹10 each. Udanvat is incorporated with an object to carry out business activity of owning and leasing of Aircraft," said Adani Ports. Adani Ports share price today opened at ₹771.25 against the previous close of ₹771.10 and rose about 1.6 per cent to the level of ₹783.30.

Top 10 equity funds in 2023. We thought of identifying the schemes that have lost the most in 2023. We looked at the equity and equity-oriented categories: large cap, mid cap, large & mid cap, multi cap, flexi cap, focused, value/contra, small cap, ELSS, sectoral/thematic, aggressive hybrid, arbitrage, balanced advantage and dynamic asset allocation, equity savings, index and ETF schemes. We considered regular and growth option schemes. We were in for a pleasant surprise. Most equity schemes offered positive returns in 2023. There were very few schemes that offered negative returns. And the biggest losers (we chose four schemes that lost over 5%) were from the international fund category. See table below for details. Mirae Asset Hang Seng TECH ETF lost the most of around 11.27% in 2023. The scheme was launched in December 2021. The scheme lost 6.45% in 2021 and 18.77% in 2022.

Stock market today: Amid gold and silver price rally in domestic and international market due to Israel-Hamas war, jwellery companies are expected to benefit as market is expecting margin benefit on their buffer stock. Kalyan Jewellers shares are one of them.

In the quarter, the total revenue stood at Rs 1,364.8 crore, up 2.9% against Rs 1,326.3 crore in the corresponding period of the preceding fiscal. At the operating level, EBITDA declined 20.7% to Rs 53.6 crore from Rs 67.6 crore in the corresponding period in the previous fiscal. Meanwhile, EBITDA margin stood at 3.9% in the reporting quarter as compared to 5.1% in the corresponding period in the previous fiscal. Mahindra Logistics reported a 4% increase in volumes for its MLL Express business during the quarter.

Ladder7 Financial Advisories said, “Arbitrage fund is a low-risk fund that can possibly give four to five per cent returns every year. This will be a good place to park for any short-term needs as this is treated as an equity fund for taxation purposes. The STCG tax is hence only 15 per cent till the completion of 12 months and 10 per cent after that after the initial LTCG amount of ₹1 lakh." Hiren Thakkar, Chartered Accountant Proprietor, Hiren S Thakkar & Associates explains how this is the perfect time to invest in arbitrage funds due to uncertainty and high valuations.