Experts Financial News

Infosys, ICICI Lombard, LTTS and LTIMindtree will trade dividends, while Jay Bharat Maruti will trade ex-split. Whereas, shares of three companies — Krishana Phoschem, Maruti Interior Products and Shri Venkatesh Refineries — will trade ex-bonus this week. Shares of Geekay Wires (Rs 10 to Rs 2) on Monday, October 23, while Jay Bharat Maruti ( Rs 5 to Rs 2) on Thursday, October 26, will ex-split.

Middle East, which has created significant uncertainty in financial markets. The week began with a slight dip in COMEX gold prices, but a remarkable one-sided rally ensued.

US immigration agencies have recently unveiled a series of proposed changes to the H-1B visa program, which could have significant implications for Indian professionals working in the US. The changes, aimed at modernizing the program and combating fraud, include amendments to the selection process, redefining eligibility criteria, and providing greater opportunities for startup founders, a TOI report by Lubna Kably stated. At the end of fiscal year 2019, there were approximately 580,000 H-1B visa holders in the US, with a significant proportion being Indian nationals.

Indusind Bank shows strong potential for a breakout, with both daily and weekly charts indicating upward momentum. The stock rebounded from a support level with high trading volume and closed above a critical moving average. Additionally, RSI suggests increasing momentum.

IIT), Madras has established a first-of-its kind Centre of Excellence that is undertaking research to develop biomarkers for early detection of pancreatic cancer, according to officials. The sequence data from the «Centre of Excellence on Cancer Genomics and Molecular Therapeutics» will help develop an India-specific cancer genome database, which is critical to identify and develop biomarkers for early detection and understanding the drug response. The data developed could also help to identify drug targets for novel therapeutics, they said.

ETFs) offer a convenient and effective strategy for both novice and seasoned investors to harness the inflation-resistant qualities of these cherished commodities. Tips to utilise gold and silver ETFs to protect wealth during inflation Gold and Silver ETFs provide a straightforward avenue for individuals to gain exposure to these precious metals. Unlike purchasing physical bullion, which requires storage and insurance, ETFs allow investors to own a share of a larger pool of gold or silver held by the fund.

Brihanmumbai Municipal Corporation (BMC) has issued a warning that it will halt construction activities, regardless of whether they are on private or government properties if proper dust and pollution control measures are not implemented, a report by PTI stated. Municipal commissioner Iqbal Singh Chahal said, “Construction is going on at a whopping 6,000 sites in the city currently", an official release quoted Chahal as saying on Friday.

Mahantesh Sabarad, Independent Market Expert, says “from a forward looking perspective, most of the banks should be looking at a significant premium over the ROE in terms of multiples that we offer to the book value. IndusInd Bank is one such bank which is doing incrementally better while HDFC Bank is not.” This market is getting rusty, technicals are getting sticky and global cues are not looking all that solid and strong. Do you think the best part of the market for the next couple of weeks and months is actually behind us? Yes, I think so because we have seen a lot of volatility in the market; markets have been rising up, going down, partly due to a lot of geopolitical tensions coming in due to results flowing in and a little bit on uncertainty related to the US Fed policy as well. So, all these events compressed together have come about in the past four to six odd weeks and have caused huge volatility in the market. With the net market trend lowering, I guess the future ahead seems to suggest that we can look for better market days ahead.

Cryptocurrencies have been a hotbed of innovation and volatility, with prices that can skyrocket or plummet in a matter of hours. Yet, the question remains: how do these digital assets correlate with the broader macroeconomic factors that influence global financial markets? The Intersection of Cryptocurrency and Macroeconomics Cryptocurrencies, including the most well-known Bitcoin being a form of 'digital gold' and a hedge against traditional financial instruments. This view has fueled the perception that crypto markets might be inversely correlated with macroeconomic factors. However, the reality is more complex. Risk-on vs. Risk-off Behavior: Cryptocurrencies have displayed both risk-on and risk-off behavior, depending on market sentiment. During periods of economic uncertainty, cryptocurrencies like Bitcoin have been seen as safe-haven assets, much like gold. But during times of economic prosperity, they can behave more like risk assets, reflecting investor appetite for high returns. Inflation Hedge: A macroeconomic factor closely tied to cryptocurrencies is inflation. The finite supply of cryptocurrencies like Bitcoin and the belief that they can serve as a hedge against fiat currency devaluation have led to increased investment during times of rising inflation.

market sentiment. The coming truncated week is likely to bring in volatility as a plethora of companies are scheduled to release earnings and the October derivatives expiry is due. “Markets are likely to remain sideways to volatile in the coming week, and Nifty 50 may trade within a wider range of 19300-19850,” said Arvinder Singh Nanda, senior vice president, Master Capital Services. A breakout in either direction within this range has the potential to trigger a significant move, possibly spanning 200 to 400 points in one direction, Nanda said. On Friday, the Nifty 50 ended at 19542.65 points, down 82.05 points or 0.4%. The stock market will be closed on Tuesday for Dussehra.

China's decision against inviting Myanmar junta leader Min Aung Hlaing to the third Belt and Road Initiative (BRI) forum in Beijing this week was part of its diplomatic optics to avoid global criticism. It however sent invitation to Junta Deputy Prime Minister and Transport and Communications Minister General Mya Tun Oo for attending the forum.

Gaza's children are showing ever more signs of trauma two weeks into Israel's intense bombardment, parents and psychiatrists in the tiny, crowded enclave say, with no safe place to hide from the falling bombs and little prospect of respite. Children make up about half of Gaza's 2.3 million population, living under near constant bombardment with many packed into temporary shelters in U.N.-run schools after fleeing their homes with little food or clean water. Israel is expected to launch a ground attack on Gaza shortly in response to a cross-border assault by Hamas fighters on southern Israel on Oct. 7 that killed more than 1,400 people, with a further 210 taken hostage. «Children… have started to develop serious trauma symptoms such as convulsions, bed-wetting, fear, aggressive behaviour, nervousness, and not leaving their parents' sides,» said Gaza psychiatrist Fadel Abu Heen. More than 4,100 Palestinians have been killed in Gaza so far, including more than 1,500 children, while 13,000 people have been injured according to the Palestinian health ministry. Conditions in makeshift shelters in United Nations schools, where more than 380,000 people are camped out in hope of escaping the bombardment, only compound the problem. There are sometimes 100 people sleeping in each classroom, which all require continuous cleaning.

National Green Tribunal (NGT) has issued notices and sought action-taken reports from several authorities, including the Delhi chief secretary, Union environment ministry and MCD, in a matter regarding the deteriorating air quality in the national capital. The NGT issued the notices while hearing a matter where it had initiated suo motu (on its own) proceedings based on media reports on the deterioration in Delhi's Air Quality Index (AQI) and violations of the Graded Response Action Plan (GRAP), under which stricter measures are taken to curb air pollution during winter.

National Green Tribunal has issued notices to the Punjab chief secretary and member secretary of the Central Pollution Control Board (CPCB). The NGT was hearing a petition it had initiated on its own (suo motu) following a media report highlighting a rise in farm fire incidents in Punjab.

Movement Against Anaemia" campaign have emphasised the need for comprehensive and multi-lateral action to curb the high prevalence of anaemia in India. The health movement campaign was jointly launched by the Integrated Health and Wellbeing Council, a health think-tank, and Aishwarya Healthcare, a pharmaceutical firm, on Friday to counter the rise in anaemia in the country and create relevant awareness on the same.

Wilson Renewable Energy Ltd on Saturday said its consolidated net loss narrowed to Rs 54.51 crore in the September 2023 quarter due to higher income. It had clocked a net loss of Rs 298.71 crore during the September 2022 quarter, the company said in a regulatory filing.

International Criminal Court (ICC) headquartered at The Hague in the Netherlands has heightened its online security after detecting a serious cyber security incident five weeks ago, which it revealed was an act of espionage. In a statement on Friday the ICC said that as soon as the incident was confirmed by its alert mechanism, steps were taken to mitigate its effects by initiating an immediate incident response with the support of the Netherlands as the «host state» and external cyber security experts.

Ashok Vaswani as the managing director and chief executive officer of Kotak Mahindra Bank for a period of three years from January 1, 2024. Vaswani has more than three decades of experience in the banking sector. He was Chief Executive Officer of Barclays Bank, UK, and subsequently CEO of their global consumer, private, corporate and payments businesses.

IDBI Bank Ltd on Saturday reported a 60% year-on-year (YoY) rise in net profit for the quarter ended September to Rs 1,323.27 crore. Total income from operations increased by over 14% on year to Rs 6,924.18 crore.

₹167.50 to ₹203 apiece levels after the spread of Israel war, delivering more than 20 per cent return to its shareholders. Fertilisers And Chemicals Travancore or FACT share price has ascended from near ₹510 to ₹710 apiece levels during Israle-Palestine conflict, delivering to the tune of 40 per cent return to its shareholders. Shares of Gujarat Narmada Valley Fertilizers and Chemicals or GNFC share price has shot up from around ₹610 to ₹655 apiece levels.

NDTV reported. "It is quite possible that Hezbollah which is much more militarily capable and supported by Iran could get directly involved in the fighting," he told NDTV. Also Read: Israel-Hamas War LIVE Updates Bremmer said that the ongoing conflict between Israel and Gaza is at risk of further deterioration as additional fronts open up.