Experts Financial News

After an air campaign resulting in hundreds of casualties, experts believe an Israeli ground invasion of Gaza is imminent, in response to Hamas' attacks that took approximately 1,300 lives in Israel. This potential ground offensive poses a risk of a broader regional conflict. Mint takes a closer look: Tensions flared on 7 October when Hamas targeted Israel in a coordinated assault.

Click here!) Asian Tiles has been in a 15-month consolidation and during this period it witnessed increased volatility. The stock has confirmed a breakout from this consolidation on the weekly charts with extremely strong volumes. The delivery volumes have been above average as well, suggesting strong accumulation has been seen in the stock and it is now ripe for a strong upside.

Texmaco Rail & Engineering jumped 12% to Rs 150 in Monday's trade on BSE after the firm reported a consolidated net profit of Rs 24.6 crore, marking a 60% increase compared to the net profit of Rs 15.4 crore recorded in the same period last year. Its revenue from operations for the second quarter of FY24 saw a 66.32% growth, reaching Rs 805 crore compared to Rs 484.4 crore in Q2FY23.

sustainability can be a costly affair, leading to an increase in the prices of medicines. But, say experts, it is more important to consider the long-term benefits of such exercises.

By Emma Rumney

Forex traders said falling domestic inflation, rise in industrial production figures and improvement in trade deficit aided the local unit. However, geopolitical tensions, particularly the Israel-Hamas conflict, dented investor sentiments. At the interbank foreign exchange, the domestic unit opened at 83.25 against the dollar and then touched an early high of 83.24, registering a gain of 6 paise over its previous close. On Friday, the rupee fell 6 paise to settle at 83.30 against the US dollar. «For now, a mild risk-off stance supports USD demand, but positive economic data and RBI intervention maintain the rupee's range between 83.05 and 83.30. The situation remains delicate, with the potential for rapid shifts in response to geopolitical developments,» CR Forex Advisors MD-Amit Pabari said. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.10 per cent down at 106.53. Brent crude futures, the global oil benchmark, advanced 0.11 per cent to USD 90.99 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 161.12 points or 0.24 per cent lower at 66,121.62.

Middle East have taken note of three events that many believe may be linked to biblical prophecies about the end of the world. The speculations started The Mirror published an article recently. Event No. 1: The Birth of a Red Cow in Israel The first event that has raised eyebrows involves the birth of a red cow in Israel after 2,000 years.

GAIL (India) Ltd. gained 1.4 per cent to Rs 130.0 in Monday's trade. It hit a high of Rs 130.2 and low of Rs 128.25 during the session.

HDFC Life and Goldman Sachs recommended a buy on Paytm. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies on Avenue Supermarts (D-Mart): Hold| Target Rs 3850 Jefferies maintained a hold rating on Avenue Supermarts (D-Mart) but raised the target price to Rs 3850 from Rs 3700 earlier post September quarter results. Q2 EBITDA was below estimates on lower GMs and higher staff costs. General merchandise and apparel mix remained muted which led to margin pressure. H1 SSSG at 8.6% is respectable with improving footfalls that is evident from higher per-store transactions. CLSA on ICICI Prudential Life Insurance: Buy| Target Rs 700 CLSA maintained a buy rating on ICICI Prudential Life Insurance with a target price of Rs 700.

Avenue Supermarts fell over 4% in the early trade on Monday to the day's low of Rs 3,772.75 after top brokerages highlighted sustained margin pressures in the company's operations while a couple of them cut their FY24 net profit estimates. Among them were Jefferies which reiterated a 'Hold' on the stock, citing concerns over the company's general merchandise & apparel mix business which drove margin pressure. Kotak Institutional Equities, though raised its price target, recommended a 'Sell' on the stock. Meanwhile, both Nuvama and Motilal Oswal cut FY24 profit after tax (PAT) estimates even as they maintained a buy rating on the counter.

KCP Sugar & Industries(up 4.99%), BAJAJHIND(up 3.48%), Mawana Sugars(up 3.05%), Dalmia Bharat Sugar & Industries(up 3.02%), Dwarikesh Sugar Industries(up 2.78%), MAGADHSUGAR(up 2.74%), AVADHSUGAR(up 2.69%), Uttam Sugar Mills(up 2.51%), Simbhaoli Sugars(up 2.44%) and Sakthi Sugars(up 2.44%) were among the top gainers. were among the top losers.

Read HDFC Bank Q2 Results Live Updates here The creation of excess liquidity could affect the net interest margin of HDFC Bank in Q2FY24. However, margins should bounce back in H2FY24 as credit growth picks up and liquidity is utilized, analysts said. In its quarterly business update, HDFC Bank reported a robust 57.7% growth in its gross advances at ₹23.54 lakh crore as of September 30, 2023, rising from ₹14.93 lakh crore last year.

UPI has spread its pangs in semi-urban as well as rural India slowly and steadily displacing traditional cash transactions. There is no better validation of this change than the remarkable surge in UPI transactions from a mere 1.8 crore in FY 2016-17 to a staggering 8,375 crore in FY 2022-23.

₹16,000 crores through regular systematic investment plan (SIP) investments. Statistics also underscore more investors taking an active interest in thematic or sectoral funds owing to their competitive returns. Considering how investing in these funds involves a lot of risk, numbers suggest the growing risk-averse nature of investors amidst growing optimism regarding the performance of the Indian stock market.

Stocks that were in focus included names like HDFC AMC, which rose 3.52%, Britannia, which fell 2.23%, and Tata Consumer, whose shares jumped 2.15% on Friday. Here's what Pravesh Gour, Senior Technical Analyst at Swastika Investmart, recommends investors should do with these stocks when the market resumes trading today. HDFC AMC The counter is in a classical uptrend and a breakout of symmetrical triangle formation with strong volumes. The overall structure is very bullish as it trades above its all-important moving averages. One can take a position at CMP Rs 2855 as it created a strong base around Rs 2650 at 9 and 20-DMA for a target of Rs 3140. Infosys It is continuously forming higher highs and higher lows.

“Though macro parameters such as BEER ratio or M-Cap-to-GDP ratio looks expensive, Indian market is supported by domestic savings getting channelized through MF SIPs, along with corporate profitability which has been steadily improving,” says Rakesh Parekh, MD and Co-Head, Portfolio Management Services, JM Financial Ltd. In an interview with ETMarkets, Parekh said: “We expect domestic facing sectors to outperform relatively in terms of earnings growth led to a large extent by the capital goods sector and Railways” Edited excerpts: Indian market seems to be consolidating after hitting a high in September largely on account of global factors. What is your take? Rising US yields, persisting China slowdown, and elevated crude oil prices amidst geopolitical uncertainties, especially the latest developments in the Middle East are key headwinds facing equity markets in the short term.

Gold prices slid on Monday after hitting a near one-month high earlier, as escalating fears of the conflict between Israel and Palestinian militant group Hamas boosted safe-haven bullion more than 3% higher in the last session. FUNDAMENTALS * Spot gold fell 0.5% to $1,921.69 per ounce by 0102 GMT and U.S. gold futures dropped 0.4% to $1,934.40. * Gold, which is seen as a safe investment during uncertain times, hit its highest since Sept.

HT. Experts suggest that an early withdrawal of the southwest monsoon resulted in early harvest this year has advanced the dates of stubble burning as well. While Haryana has experienced nearly three times the number of farm fires, increasing from 168 instances last year to 542 this year, Punjab has seen only a marginal increase, with 1,388 farm fires this year compared to 1,238 last year.

Nikol Pashinyan skipped the CIS summit in Kyrgyzstan last week, Russia-Armenia ties are striving to remain steady as the partnership serves national interests of both countries. While there are fears that Russia-West conflict might “spread to Armenia '' in the backdrop of exodus from Nagarno-Karabah, Armenia and Ukraine are two different situations despite rising differences of opinion between Moscow and Yerevan. Armenia is a member of the Russia-led Collective Security Treaty Organization and has a bilateral defense agreement with Russia. Armenia and Russia have strategic partnership and Armenia currently hosts around 10,000 Russian troops, 5,000 of which are stationed at Gyumri's 102nd Russian military base.

Investors in the fixed income space are currently spoilt for choice as the segment is offering attractive returns. Small finance bank fixed deposits (FD) are offering up to 9%. The RBI Floating Rate Bond now pays 8.05%.

RV Capital Management has raised its maiden private credit fund in India of ₹500 crore and is looking to raise up to an additional ₹300 crore. The fund targeting a return of 14% to 16%.