Experts Financial News

Asian currencies. However, likely intervention by the Reserve Bank of India (RBI) helped the local unit stay away from lifetime lows. The rupee was at 83.20 against the U.S.

ICICI Prudential Life Insurance Company Ltd. slipped 0.04 per cent to Rs 565.3 in Tuesday's trade. It hit a high of Rs 566.55 and low of Rs 560.05 during the session.

Suzlon Energy climbed 4.2% to Rs 26.9 in Tuesday's trade on BSE backed by heavy volumes on the NSE. A total of 7,23,15,745 equity shares worth Rs 191.8 crore have changed hands so far. At 10.53 a.m., the stock was trading 3.1% higher at Rs 26.6. Suzlon Energy has also delivered multibagger returns to its investors, as the stock is up nearly 150% year-to-date.

₹26,689 crore in the cash market in September," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. "The dollar index rising above 107 and the US 10-year bond yield at a 16-year high of 4.68 per cent are major headwinds for the market since FIIs are likely to continue selling in response to the rising dollar and US bond yields. But, on the positive side, the bulls will be emboldened to buy on the back of the tailwind of the 5 per cent crash in Brent crude prices.

Stock market today: JSW Infrastructure share price today listed on BSE and BSE at strong premium. JSW Infrastructure shares opened on BSE at ₹141.75 per share levels whereas on NSE, JSW Infrastructure shares listed at ₹143 apiece levels.

An expert in the management of professional service firms says many of the recommendations of the governance report into PwC Australia are for practices that are already mandated in the UK for the big four consulting firms.

₹143 per share, 20.2% higher than the issue price of ₹119. Also Read: JSW Infrastructure IPO listing date today.

₹215 on Tuesday (October 3). Both on the NSE and on the BSE, Manoj Vaibhav Gems share price was listed at ₹215. Manoj Vaibhav Gems IPO opened for subscription on September 22 and closed on September 26.

Vedanta to outperform rating, Nuvama upgraded it to hold. Kotak Institutional Equities, however, remains a bear on the stock with a sell rating.

Such practices assume importance as the information and communication technology (ICT) sector accounts for 1.8%-3.9% of global greenhouse gas emissions, and data centers take up 3% of annual energy consumption, a rise of 100% in the last decade. Sustainable computing or green computing is a practice of maximising energy efficiency and minimising the negative impacts on the environment. It involves green practices in the ways computer chips, data storage systems and software are designed and used. According to a report published by the Association for Computing Machinery, “The energy demands and carbon output of computing and the entire ICT sector must be dramatically moderated if climate change is to be slowed in time to avoid catastrophic environmental damage.” Sudhir Goel, Chief Business Officer of Acer India, says, “We have joined the global RE100 initiative, pledging to utilise 100% renewable energy by 2035.

Ashok Leyland Ltd. with a target price of Rs 210.

midcap stocks have managed to outbeat Nifty for all the six months of FY23. Nifty Midcap 150 and Nifty Smallcap 250 indices have not only fared better than Nifty in each of the last 6 months but have also given positive returns all throughout. In March 2023, when Nifty started to recover, the mid and smallcap indices were still under selling pressure.

The S&P BSE Sensex rose more than 300 points while the Nifty50 closed above 19600 levels on Friday. India VIX was down by 10.28% from 12.82 to 11.50 levels in the previous trading session. Volatility cooled off and gave comfort to the bulls in the market at key support zones. Since it is the beginning of the new series, options data is scattered at various far strikes in the monthly series.

Vedanta Ltd. with a target price of Rs 250.

returns. An analysis of the performance of stocks with a market capitalization of over Rs 1,000 crore showed that there were five such stocks which gave double-digit returns in each of the last six months and even turned multibaggers in H1FY24. These five superstars of FY24 belong to the midcap and smallcap segments that outperformed the benchmark by a wide margin in the last six months.

₹232.35 apiece on the BSE. In a move to unlock value for its shareholders, the billionaire Anil Agarwal-led Vedanta Group unveiled a complete overhaul of its Indian metals, mining, and energy conglomerate, Vedanta Ltd.

With former FTX boss Sam Bankman Fried's (SBF)’s first day in court fast approaching, experts say his paths to acquittal are looking quite scant. 

Manoj Vaibhav Gems IPO: Listing date of the initial public offering (IPO) of Manoj Vaibhav Gems 'N' Jewellers Limited has been fixed on 3rd October 2023. As per the BSE notice, "... effective from Tuesday, October 3, 2023, the equity shares of Manoj Vaibhav Gems 'N' Jewellers Limited shall be listed and admitted to dealings on the Exchange in the list of 'B' group of securities." Manoj Vaibhav Gems share price will list on BSE and NSE at around 9:45 AM in sprecial pre-open session during Tuesday deals and Manoj Vaibhav Gems shares will become available for trade from 10:00 AM on Tuesday.

JSW Infrastructure IPO: Listing date of initial public offering (IPO) of JSW Infrastructure Limited has been fixed on 3rd October 2023. As per the BSE notice, "...

JSW Cement, the building-materials business of steelmaker JSW Group, is in initial talks with Germany's Heidelberg Materials to acquire the latter's 13.4 million-tonne-a-year cement businesses in India, industry sources aware of the talks told ET. The people cited above said the discussions, currently bilateral, began after the JSW Group made an unsolicited offer to acquire Heidelberg's local entities that primarily have capacities in peninsular India. The world's second-biggest cement market, both by capacity and consumption, India has a highly regional and freight-intensive building-materials industry where manufacturing proximity to the end consumption market often determines profitability-linked enterprise valuation multiples in mergers and acquisitions. To be sure, Heidelberg is yet to take a final call on its India exit strategy and according to the people cited above, it is possible that it may eventually decide to opt for a bidding process for the assets to allow other potential buyers to participate and increase competitive intensity for the plants. A Heidelberg Materials spokesperson declined to comment, while the JSW Group did not respond to ET's email seeking comments. Holcim Exit If concluded, it will mark the exit of a second global cement manufacturer from India after Swiss building materials company Holcim Group exited India in 2022, selling Ambuja Cements and ACC to the Adani Group in a closely contested bidding in which JSW Group had also participated. Heidelberg has more than 13 million tonnes per annum (MTPA) cement making capacity in India, of which 6.3 MTPA is with the listed entity HeidelbergCement India, and 7.1 MTPA is with the closely held Zuari Cement.

Chinese property giant Evergrande resumed trading on the Hong Kong Stock Exchange on Tuesday, according to a statement on the bourse's website. «Trading in the shares of China Evergrande Group will be resumed at 9:00 am today,» the statement said.