Gap Financial News

New India Assurance, having surged 50% in the past five trading sessions, has opted for an annual revision of health insurance premiums, moving away from the previous practice of increasing tariffs every three years. Shares of New India Assurance gained 10% in Thursday's session to Rs 255.85 on the Bombay Stock Exchange, when the index rose 0.13%.

Senate Democrats introduced a bill Thursday that they say would close loopholes that allow the ultrawealthy to avoid taxes — an idea that investment advisors said would be difficult to implement but that does start a conversation about closing the wealth gap.

climate finance and spending to prevent 'greenwashing' and 'greenhushing', COP28 special representative for business & philanthropy Badr Jafar told ET in an interview. «We do not have standardised models for net zero targets.

MUMBAI : The Shriram Group will need to shift its focus from its mainstay lending business to insurance amid tighter regulation and rising competition from banks, said R. Thyagarajan, who founded the financial conglomerate as a chit fund nearly half a century ago. Thyagarajan’s prognosis isn’t uniformly shared across the group, though.

Integrated Partners, a $12.7 billion national registered investment advisor, has linked up with California-based accounting and advisory firm Windes to launch a new wealth management business.

Investors are increasing their collective bets that the Federal Reserve will soon start cutting interest rates – a bet that went into overdrive this week and ignited the strongest rally in bonds in 40 years.

ICRA. While manufacturing and construction emerged as the best performers, the services and agriculture sectors saw a setback, with their growth printing lower than in the previous quarter.

Federal Bank Ltd. traded at Rs 147.85 on BSE at 01:29PM (IST) on Thursday, down 1.56 per cent. The stock quoted a 52-week low price of Rs 120.9 and a high of Rs 155.15.

Gurmeet Chadha, Managing Partner & CIO, Complete Circle Consultants, says “Tata Tech is a beautiful company with great digital engineering capabilities. But paying 70-80 times trailing right now with the market also being at a high and the sector facing a lot of headwinds does not make sense at this price to me. But if it comes lower, maybe in three-digits, I would probably want to add it in a staggered manner over a long term.” What does one do now — chase the Tata Tech stock or just wait it out? First, kudos to the Tata Group. This stock probably can be acquired in a staggered manner. This has bridged the premium valuation gaps which the Tata Group had with Elxsi, KPIT, although strictly not comparable. Difficult to really add at this price right now. I was hoping to add probably at Rs 800-900 and then maybe over a three-month period, if you get slightly better prices, it should be a core portfolio stock.

Multibagger IPO: Shares of Gandhar Oil Refinery Ltd listed on Indian bourses at bumper premium during special pre-open session on Thursday. Gandhar Oil IPO listed on NSE at ₹298 per share levels, delivering to the tune of 76 per cent premium against upper price band of ₹169 apiece.

Pidilite Industries Ltd. traded at Rs 2530.95 on BSE at 12:53PM (IST) on Thursday, up 1.07 per cent from previous close. The stock quoted a 52-week low price of Rs 2250.85 and a high of Rs 2796.15.

Page Industries Ltd. fell 0.26 per cent to Rs 37248.15 in Thursday's session as of 12:32PM (IST) even as the equity benchmark Sensex traded 209.98 points lower at 66691.93. Earlier in the day, the stock witnessed a gap up start to the session.

climate change. This year, four topics are expected to dominate the negotiations: a report on the worldwide implementation of the landmark Paris accord called the “global stocktake," the future of fossil fuels, climate finance for poorer countries and the setting up of a fund to pay for climate damage. The meeting in Dubai is the 28th conference of the parties—or COP28—to the United Nations Framework Convention on Climate Change, the global climate treaty signed in 1992 in Rio de Janeiro.

Fortis Healthcare chief executive said speciality hospital chains could lure investors on the basis of faster infrastructure creation and accessibility, and could also meet new consumer demands in the healthcare space. Bali said AHH’s business grew on the back of investments in single specialities such as oncology and neonatology. The use of technology to scale led to more neonatal intensive care beds that could address infant deaths, a problem he said AHH identified.

F&O ban list: A total of two stocks have been put under the ban for trade on Thursday, November 30, 2023 under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as it crossed 95 per cent of the market-wide position limit (MWPL), according to the NSE. However, the stocks will be available for trading in the cash market.

climate change at COP28 in Dubai, which would be the biggest UN climate meet yet. Host, the UAE, said the goal is to restrict temperature rise to 1.5°C from pre-industrial levels by closing the gap between ambition and action.

The pilot will address around 20,000 work visa renewals, or almost a tenth of the estimated 583,420 H1-B visa holders. The programme, which was proposed in February and formally announced in September during prime minister Narendra Modi’s US visit, will commence in December.

Gandhar Oil IPO: Listing date of the initial public offering (IPO) of Gandhar Oil Refinery Ltd has been fixed on 30th November 2023 i.e. today. As per the information available on BSE website, Gandhar Oil share price will hit Dalal Street during Thursday deals.

It has been an interesting two years since the S&P500 struck its all-time high at $4818 on January 4, 2022. Although the Bears feel pretty beat up by now and the Bulls invincible (the latest weekly AAII reading stands at only 24% Bears and a whopping 45% Bulls) remember the Bulls have so far been the losers. So, if you are a Bear and have lost money, please examine your entry and exit strategies. Namely, this has been a tough market for everyone, as many probably sold longs and/or covered shorts too late. Market participants have been so conditioned to trending markets since at least 2009 and possibly as early as 1974 (!) that many have forgotten, or may never have experienced, that sideways is an option, too. The main winners since the ATH are those who stayed nimble, took (partial) profits, and raised stops prudently.

The new equity will further Fnality's goal of establishing a global liquidity management ecosystem for new digital payment models in both wholesale financial markets and emerging tokenised asset markets. The lead investors were joined in the round by DTCC, Euroclear, Nomura and WisdomTree.

₹16,041.33 crore, resulting in an inflow of ₹71.91 crore, according to NSE data. Domestic institutional investors (DIIs) bought equities worth ₹10,922.50 crore and offloaded shares worth ₹8,561.69 crore, resulting in an inflow of ₹2,360.81 crore, the exchange data showed. The 30-share BSE Sensex jumped 727.71 points, or 1.10%, to end at 66,901.91.