Experts Financial News

Stock market today: Mufin Green Finance share price has been in uptrend after bottoming out at ₹42.50 apiece levels in early August 2023. It is one of those small-cap stocks that has delivered whopping return to its positional shareholders, generating alpha return agains the broad market index.

Stock market today: Samhi Hotels share price opned higher from price band of ₹119 to ₹126 per equity share. Shares of the company listed on BSE at ₹130.55 apiece levels whereas it listed on NSE at ₹134.50 per share levels, delivering to the tune of 6 per cent listing gain to the lucky allottees. According to stock market experts, Samhi Hotels share price opned on positive note despite weak sentiments on Dalal Street.

The underlying momentum of Nifty is quite bullish, said Kavita Agrawal, CMT CFA, CEO of exp-invest.in. In an interview with Mint, Agrawal said swing trading is a high-risk risk high-reward alternative to options trading which is high-risk low reward. The underlying momentum of the Nifty 50 is quite bullish. The daily timeframe suggests this is a mere breather and the level is 20,000 is a major psychological resistance so it’s natural that the market has taken some correction.

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Berger Paints climbed over 6% to hit a new 52-week high at Rs 666 in Friday's trade on BSE as it traded ex-bonus in the session. «Berger Paints fixed Saturday, September 23, 2023, as the record date, for the purpose of ascertaining the eligibility of shareholders entitled for issue of bonus equity shares of the company in the ratio of 1:5, i.e., 1 equity share of Re 1 each for every 5 equity shares of Re 1 each,» the company said in an exchange filing. At 11.58 a.m., the stock was trading 5.8% higher at Rs 663.5 on BSE. On a year-to-date basis, the stock has gained nearly 40%, However, in the last two years, it has delivered negative 2% returns to its investors. Earlier, during the June quarter results, Berger Paints' Board of Directors approved the bonus issue of one bonus equity share against five equity shares. In Q1 FY24, the company reported a nearly 40% year-on-year (YoY) jump in its consolidated net profit at Rs 355 crore versus Rs 254 crore in the same quarter last year.

summer was the hottest ever in the Northern Hemisphere. In fact, scientists announced last week that June, July and August this year were the warmest on record globally, confirming that the horrific heat waves in many places were as awful as they seemed. But, as you're probably already aware, the summer didn't bring record-breaking heat to California. Some daily temperature records were broken in July in Palm Springs, Anaheim and Redding, but overall, the Golden State actually enjoyed its coolest summer since 2011, said Dan McEvoy, a researcher with the Western Regional Climate Center. That's a particularly big relief after three consecutive summers that all ranked among the state's 10 most sizzling on record. The northern third of California was warmer than usual (compared with the past 30 years) because of a high-pressure system over the Pacific Northwest that reached into the northernmost parts of the state, McEvoy said.

The board of Australia’s largest fruit and vegetable company, Costa Group, has agreed to a cut-price $1.5 billion takeover offer from a consortium headed by private equity firm Paine Schwartz Partners.

emerging market debt index which may cause billions of dollars of inflows into India. As per reports, quoting JPMorgan, India's local bonds will be included in the Government Bond Index-emerging markets (GBI-EM) index and the index suite, benchmarked by about $236 billion in global funds. The inclusion of Indian bonds will start on June 28, 2024, and extend over 10 months with one per cent increments on its index weighting, as India is expected to reach the maximum weighting of 10 per cent, according to JPMorgan.

Stock market today: Shares of Zaggle Prepaid Ocean Services Limited listed on BSE and NSE in a special per-open session during Friday deals. Zaggle share price opned at ₹162 on BSE whereas it listed on NSE at ₹164 apiece levels. Thus, the fintech stock listed in discount on BSE while it had a par listing on NSE.

₹134.50 per share, 6.7% higher than the issue price of ₹126, and on the BSE, Samhi Hotels share price was listed at ₹130.55 per share. Samhi Hotels IPO opened for subscription on Thursday, September 14, and will closed on Monday, September 18. Samhi Hotels IPO was subscribed 5.33 times on day 3.

By Byron Kaye

Bonus shares 2023: Berger Paints shares witnessed buying interest during early morning deals on Friday as the stock is trading ex-bonus today. After price adjustment, Berger Paints shares opened lower at ₹627.30 apiece on BSE but it soon gained momentum and hit intraday high of ₹643.50 per share levels, logging over 2 per cent intraday rise during Friday session.

Manoj Vaibhav Gems IPO: The initial public offering (IPO) of Manoj Vaibhav Gems 'N' Jewellers Limited has opened for subscription today. The public issue will remain open for bidding till 26th September 2023. The south Indian jeweller has fixed Manoj Vaibhav Gems IPO price band at ₹204 to ₹215 per equity share.

₹625.10 against the previous close of ₹627.10 and slipped 2.3 per cent to the level of ₹612.75. On Thursday (September 21), the company said Nirma had agreed to buy a 75 per cent stake in it for ₹5,651.5 crore in a deal that values the company at ₹7,535.4 crore. Mint reported first on 15 August that the cement-to-detergent maker was the sole bidder for the stake put on the block by parent Glenmark Pharmaceuticals Ltd, which is selling shares to Nirma at ₹615 apiece.

Noida Traffic alert! Advisory issued for 5 days for UP International Trade Show 2023, MotoGP. See alternate routes here The meeting was called together by the neutral expert, who was appointed at India's request under the framework of the Indus Waters Treaty, the MEA said.

Also Read: Samhi Hotels IPO listing date today. GMP, experts predict par listing Zaggle share listing is expected to be tepid on Friday. Analysts expect Zaggle shares listing price to be at around 5-7% premium to the issue price.

UN Security Council resolutions that ban any weapons trade with North Korea. Russia, a permanent member of the UN Security Council, voted for those UN resolutions.

Day trading guide for today: On account of strong US dollar putting global markets under selling pressure, Indian stock market ended lower for third straight session. Nifty 50 index lost 159 points and closed at 19,742 levels, BSE Sensex shed 570 points and ended at 66,230 levels whereas Bank Nifty index corrected 760 points and closed at 44,623 mark. In broad market, small-cap and mid-cap indices crashed almost one per cent.

Buy or sell stocks for today: Following weak global market cues on strong US dollar, Indian stock market ended lower on third day in a row. Nifty 50 index lost 159 points and closed at 19,742 levels, BSE Sensex shed 570 points and ended at 66,230 levels whereas Bank Nifty index corrected 760 points and closed at 44,623 mark. Broad market indices fell marginally more than the Nifty even as the advance decline ratio fell further to 0.46:1.

CBC News. As per a report by CBC News, the intelligence gathered encompasses communications that involve Indian officials, including diplomats from India who were present in Canada, according to sources within the Canadian government. Also Read: India-Canada News LIVE Updates: ‘We will be in contact with India at high levels,’ says on Canada charge The report noted that the intelligence was not exclusively sourced from Canada; some of it was supplied by an undisclosed ally within the Five Eyes intelligence alliance.

ICICI Bankshare price is likely to be in focus on Friday (September 22) as a day ago on September 21 it informed exchanges that it had entered into an agreement for the investment of about ₹5 crore in Quantum CorpHealth. The time period for the completion of the acquisition is by the end of October 2023 with a cash consideration of nearly ₹4,99,95,000 for 9.99 per cent shareholding of Quantum CorpHealth Private Limited.