Experts Financial News

By Sinead Cruise and Iain Withers

Santos must provide written statements by November 24 on the key evidence and assumptions behind its emissions reduction targets as part of preparations for a landmark court case over allegations of greenwashing, likely to take place next year.

PB Fintech which operates the online platform Policybazaar witnessed a block deal in the pre-opening session where Japan’s SoftBank Group is likely to have sold over 1.14 crore shares (2.5% equity) at Rs 762.80 per equity share taking the deal size at Rs 871.21 crore. The information was updated on the NSE though it did not reveal the buyer and seller. The stock fell 0.75% to the day's low of Rs 761.20 on the NSE.

Apollo Hospitals Enterprises Ltd, part of the hospital sector, breaks out from a 72-week consolidation range and a downward-sloping trendline on the weekly charts has opened room for the stock to head towards a fresh 52-week high. The stock hit a 52-week high of Rs 5362 on 28 July 2023, but it failed to hold the momentum. The stock finally found support above the 50-week moving average (above Rs 4700) on the weekly charts before bouncing back. The momentum helped the stock to break above 5000 levels on the weekly charts which has acted as a stiff resistance for the stock in the past 72 weeks (since Feb-2022).

By Leika Kihara

If an alien knocks on your door this month, you could become a whole lot richer.

Go Fashion (India) with a target price of Rs 1385. The current market price of Go Fashion (India) Ltd.

stock market experts, the ICC World Cup 2023 is going to benefit tour & travel business companies along with hotels, QSR, brewery, etc. Companies belonging to these segments are expected to reap some extra business due to this cricket world cup tournament and advised short term investors to look at buying stocks from these segments.

Follow our live RBI MPC coverage here Majority analysts had estimated that the RBI would keep its key repo rate unchanged at 6.5 percent at the conclusion of the MPC meeting, with only a few expecting a 25 basis points (bps) hike. D-Street analysts also did not expect the RBI to change its stance from ‘withdrawal of accommodation’.

Kajaria Ceramics and Somany Ceramics - with a buy call. Somany Ceramics share price has gained about 24 per cent while Kajaria Ceramics share price has risen about 13 per cent in the last one year.

₹162.15 per share, 15.8% higher than the issue price of ₹140, and on the BSE, Valiant Laboratories share price was listed at ₹161 per share. Also Read: Valiant Laboratories IPO listing date today.

interest rates as its next policy move if the 10-year bond yield threatens to breach that level, Columbia University academic Takatoshi Ito told Reuters in an interview. Under its yield curve control (YCC) policy, the BOJ guides short-term interest rates at -0.1% and the 10-year bond yield around 0%. It also has an allowance band of 50 basis point set either side of the yield target, as well as a hard cap of 1.0% adopted in July. Rising U.S.

“Over the medium and long term is indeed constructive and India is at the cusp of a multi-year growth cycle led by capex, credit growth, consumption & corporate profitability,” says Devang Mehta, Director – Equity Advisory, Spark Capital Private Wealth Management. In an interview with ETMarkets, Mehta said: “We like themes & sectors related to Credit growth, financials and Capital expenditure as well as Consumption could lead next leg of rally on D-St,” Edited excerpts: Nifty hit 20200 levels and then we saw some bit of healthy profit-taking amid muted global cues. What is your take on markets for the medium to long term? A bit of shake-out, when money-making becomes extremely easy, is a usual phenomenon in the markets. That said, such ebbs & corrections always act as cautionary notes and bring gravity to the proceedings.

Sensex climbed 405 points to settle at 65,631, while Nifty advanced 109 points to end at 19,545. Stocks that were in focus include names like Marico, which fell 5.08%, Shipping Corp, which rose 6.91%, and IndiGo, whose shares gained 3.81% on Thursday. Here's what Amol Athawale, Vice President — Technical Research at Kotak Securities, recommends investors should do with these stocks when the market resumes trading today. Marico — Avoid Last Thursday, the stock shed nearly 5 percent. From the last few trading sessions, the stock consistently faces selling pressure at higher levels.

₹2 per share, according to the addendum filed with SEBI. Tata Motors will sell up to 8.11 crore shares through an offer for sale as part of the Tata Tech IPO, Alpha TC will sell up to 9.71 crore shares, and Tata Capital Growth Fund I will offer up to 48.58 lakh shares.

Buy or sell stocks for today: After bleeding for two straight sessions, Indian stock market ended higher on Thursday. Nifty 50 index gained 109 points and closed at 19,545 levels, BSE Sensex finished 405 points higher at 65,631 mark while Nifty Bank index ended 249 points higher at 44,213 levels.

Valiant Laboratories IPO: Listing date of the initial public offering (IPO) Valiant Laboratories Limited has been fixed on 6th October 2023 i.e. today.

SAT) has set aside the Securities and Exchange Board of India's order against Cairn India, now part of Vedanta Ltd, over alleged violation of buyback rules. The tribunal set aside a fine of ₹5.25 crore imposed on Cairn India for allegedly making a misleading public announcement of the buyback of shares on January 14, 2014. «The company could not have foreseen or predicted that the stock markets would witness this bullish trend at the time when the decision for going for a buyback was taken nor could the company be aware at the time of making the public announcement that the traded price of the scrip would be above the maximum buyback price on 68 days out of 123 trading days,» SAT said in its order on Thursday. It also set aside a penalty of ₹15 lakh each Sebi had imposed on P Elango, then CEO and a director of Cairn, and two other directors: Aman Mehta and Neerja Sharma.

Sebi) order barring former NDTV promoters Prannoy Roy and Radhika Roy from the capital markets for a period of two years for alleged insider trading. «The impugned order passed by the WTM dated November 27, 2020, against Prannoy Roy and Radhika Roy in appeal no. 557 of 2020 and 558 of 2020 cannot be sustained and is quashed,» SAT presiding officer justice Tarun Agarwala and technical member Meera Swarup said in order on Thursday. The appellate tribunal stated that the trades executed by the Roys were in conformity with the NDTV's Code of Conduct and the PIT Regulations since they had secured pre-trade clearance from the compliance officer of NDTV, which is an admitted fact in the show-cause notice. «There is no finding in the impugned order to the effect that the compliance office had acted improperly in granting permission to these two entities to sell during the period when the trading window was closed,» the order states. The SAT has also quashed the Sebi order relating to former NDTV CFO Saurav Banerjee, arguing that it cannot be sustained.

World Cup hosted by India kicks off, investors are combing through the market to spot stock winners who could be beneficiaries of the country's most popular sport. Brokerage Jefferies said several consumer-facing businesses could see an uptick in sales as the World Cup coincides with the peak festive season.

Kapil Sharma, actors Huma Qureshi and Hina Khan for questioning on different dates in connection with its money laundering probe linked to the Mahadev betting app case, officials said on Thursday. The federal probe agency had already summoned Bollywood actor Ranbir Kapoor for questioning on October 6 at its regional office in Raipur.