Experts Financial News

Gold rate today: On account of 10-year US bond yield retracing from 16-year higher levels of 5 per cent and dip in US dollar against major global currencies, commodnity market experts have recommended investors to buy precious bullion metals in current dip. They said that weakness in the US dollar and 10-year US Treasury yield is expected to enable gold and silver prices to bounce back from its support levels. Gold price today opened lower at ₹60,.478 per 10 gm levels and went on to hit intraday low of ₹60,436 levels within few minutes of comodity market's opening bell during Wednesday morning deals on Multi Commodity Exchange (MCX).

Torrent Pharmaceuticals share price gave up early gains to trade over 2% lower on Wednesday after the company reported a strong rise in its net profit and revenue for the second quarter of FY24. Torrent Pharma declined as much as 2.74% to ₹1,822.80 apiece on the BSE. The pharma company posted a consolidated net profit of ₹386 crore for the September quarter, up 24% from a year ago, while its revenue rose by 16% to ₹2,660 crore from ₹2,291 crore a year earlier.

Finnish investigators say they believe an anchor of a Chinese container ship was dislodged and caused the damage to the undersea Balticconnector gas pipeline between Finland and Estonia on the Baltic Sea earlier this month

Aviation experts say the incident in which an off-duty pilot tried to disable a jetliner in midflight renews questions about the threat posed by insiders — airline workers who have special access to places where passengers can't go

L&T Finance Holdings Ltd., incorporated in the year 2008, is a Large Cap company (having a market cap of Rs 33347.62 Crore) operating in NBFC sector. L&T Finance Holdings Ltd.

PNB Housing Finance Ltd. with a target price of Rs 950.

market is expected to trade higher on Wednesday tracking positive global cues. Indian market remained shut on Tuesday on account of a public holiday. India VIX was up by 0.79% from 10.81 to 10.90 levels on Monday.

“It is crucial to remember that developments in West Asia, rising crude oil prices, and spikes in US treasury yields warrant some caution,” says Akhil Chaturvedi, Chief Business Officer, Motilal Oswal Asset Management Company. In an interview with ETMarkets, Chaturvedi said: “Any major escalation in the Israel-Hamas conflict could introduce more near-term volatility, but for India, the macroeconomic factors seem stable, earnings growth is robust, and domestic liquidity remains strong” Edited excerpts: October is turning out to be a roller coaster ride for investors in equity markets. Will geopolitical concerns have a long-term impact on equity markets if things escalate? Investors in equity markets are facing uncertainty this October due to geopolitical concerns. While these concerns may cause short-term volatility, they are less likely to have a lasting impact on the equity markets.

Rich Lister Raphael Geminder’s Kin Group, which is attempting to buy out the other half of troubled packaging company Pact, has lashed out at an independent expert report which labelled the offer “neither fair nor reasonable”.

Day trading guide for stock market today: Following weak global market cues, Dalal Street ended lower on fourth day in a row on Monday. Nifty 50 index ended 260 points lower at 19,281 levels, BSE Sensex shed 825 points and closed at 64,571 mark while Bank Nifty index lost 571 points and finished at 43,151 levels. Broad markets indices fell more than the Nifty even as the advance decline ratio fell sharply to 0.13:1, the lowest in 10 months.

Sensex slipped 825.74 points to end at 64,571.88, while the Nifty 50 plunged 260.90 points and closed at 19,281.75. Nifty 50 formed a long bear candle on the daily chart, which indicates sharp break down in the market. “Nifty has broken below the immediate supports of 19,480 and 19,330 levels in one session.

No industry, and no business, is a fan of economic uncertainty, and many financial experts consider the current global market to be precarious. While every business has to look at ways to shore up operations and cut costs in a down economy, the effort can be particularly challenging for Web3 companies, which are relatively young, may have fewer ready resources than their more established Web2 counterparts, and operate within an industry many outsiders don’t understand and don’t grasp the value of.

Buy or sell stocks for today: Following weak global market sentiments as 10-year yield on US Treasuries hit 5 per cent for the first time since 2007, Indian stock market ended lower for fourth straight session. Nifty 50 index ended 260 points lower at 19,281 levels, BSE Sensex shed 825 points and closed at 64,571 mark while Bank Nifty index lost 571 points and finished at 43,151 levels.

investors cannot hide behind overseas insurance firms and cells and sub-funds of offshore pooled vehicles which step in as foreign portfolio investors (FPIs) to surreptitiously own shares and manipulate stocks of companies listed in India. A standard operating procedure (SOP) finalised by custodians of FPIs and the Securities and Exchange Board of India (Sebi) over the weekend has laid down the ground rules to stop the misuse of such overseas investment entities, two persons familiar with the subject told ET. The SOP comes in the wake of the new disclosure regulations that would compel any FPI breaching certain investment limits to reveal the identities of every individual behind the entities which have put money in the fund or have control over it. The rigorous disclosure rules will be triggered on an FPI whose exposure to equities in India crosses ₹25,000 crore, or which has invested 50% of its India assets under management in stocks of companies belonging to a single corporate group. The regulations, which will come into effect from November 1, are a fallout of the fiasco caused by the American short-seller Hindenburg which alleged the Adani group of price manipulation and accounting fraud. However, certain FPI entities — depending on their ownership, constitution and purposes — are exempted from the disclosure regulations as long as they fulfil and demonstrate some criteria.

bond yield has topped the 5% mark for the first time in 16 years and Reserve Bank of India (RBI) officials have warned of the cascading turbulence that a strengthening dollar could wreak on emerging markets. The rupee, however, seems to be far away from the global maelstrom. Based on multiple gauges, the rupee's volatility is at multi-year lows.

market indicator is suggesting that the rally in small-cap stocks since March might be nearing its end. The Sensex to BSE Small-cap index ratio has plunged to a 15-year low of 1.7, last seen at the peak of the rally in smaller shares in 2018.

credit cards fell 4.2% in September to ₹1.42 trillion from ₹1.48 trillion in August, the latest data released by the Reserve Bank of India showed. Credit card spending declined for all major issuers, except IndusInd Bank, which reported a 10.9% growth. State Bank of India, Axis Bank, ICICI Bank, and HDFC Bank reported month-on-month declines of 8.9%, 8.4%, 4.9%, and 1.8%, respectively.

NEW DELHI : The number of persons reporting zero-tax liability for their previous year’s income continued to climb, with 44.6 million tax returns, or two-thirds of all 2021-22 assessment year filings, making this claim, according to data available from the income tax department. This represents a 4% increase in zero-tax returns filed in 2021-22 from the previous assessment year, despite the overall income of individuals and businesses growing by more than 14% in the tax returns filed in 2021-22, according to official data from the tax department.

MUMBAI : Retail investors who entered the market in the past two months through September will be worst affected if the broader market indices pull back further from current levels amid surging bond yields in the US and the Israel-Hamas war in West Asia. According to National Stock Exchange (NSE) data, retail investors who directly buy and sell shares on its secondary market made net purchases for a second straight month in September, amounting to ₹7,500 crore.

fire employees who don’t come in at least three days every week. This puts middle managers at Amazon, long known for its “churn and burn" approach to managing its workforce, in an impossible position. Sack people who aren’t coming in—but who might be doing a very good job from home and could be difficult to replace—or risk their own futures if they do not boost attendance rates.

When the Canada Pension Plan was introduced to Canadians in the 1960s, it was sold as an alternative to a fraying old-age security program that guaranteed only $75 a month and had run up a $670-million deficit.