Limelight Financial News

“The recommended allocation suggests 50-60% in equities, 15-20% in debt instruments, and the remaining split equally between Gold and cash, tailored to one's liquidity requirements,” says Mayuresh Joshi, Head of Research — Equity, William O'Neil India. In an interview with ETMarkets, Joshi said: “We might see increased allocation towards infrastructure which will have a multiplier effect on the economy. Railway and Defense sectors are expected to be under the limelight in the upcoming interim budget,” Edited excerpts: 2023 closed on a strong note – how do you see 2024 for markets? Mayuresh Joshi: According to our O’Neil lens, Indian markets are looking strong at the moment as markets are trading very close to their all-time highs with no foreseeable resistance at this moment.

Heiress to the Bisleri empire, Jayanti Khan Chauha... moreHeiress to the Bisleri empire, Jayanti Khan Chauhan is a resolute, independent woman.

Reacher season 2 episode 7 is releasing soon. On December 15, Reacher season 2 premiered on Amazon Prime Video with the return of Alan Ritchson as the official hero from the Reacher books by Lee Child Jack, along with a triple header. After the premiere, the behemoth of 6'5", captured the limelight every week, throughout the 2023 end, among his 110th Special Investigators Unit.

Akshata Murty has been named in the list of best dressed men and women in UK for 2023 by The Telegraph’s fashion editors. The list also features British Vogue’s new head of editorial content Chioma Nnadi, Princess of Wales Catherine Middleton, Pamela Anderson, King Charles III, Daniel Craig among others.

Elon Musk has been named The New Republic’s 2023 Scoundrel of the Year. The Tesla CEO has been in the news since after he decided to sink a whopping $44 billion into buying Twitter, later renaming it as ‘X’. Elon Musk over the past year has garnered the impression that he has an “unquenchable desire to be the center of attention", according to The New Republic.

funding drought to continue in the first six months of 2024, according to ETtech's annual State of Startups survey. Nearly 80% of the respondents to the survey conducted among 80 of India’s top founders, investors and internet executives, said they would not accept a lower valuation for their companies, while 74% said the funding freeze would only start to ease up in the second half of next year.

Salaar: Part 1 — Ceasefire' has stormed into the limelight, achieving a remarkable feat by crossing the coveted Rs 500 crore mark at the global box office within a mere six days since its release. The action-packed film, directed by Prashanth Neel, has officially become the fastest grossing Indian film of 2023, leaving behind other blockbuster releases.

Day trading guide for today: On account of strong global cues, Indian stock market extended its rally on fourth day in a row on Wednesday. All three key benchmark indices touched a new peak and ended at record closing highs respectively. Nifty 50 index touched a new peak of 21,675 while BSE Sensex hit a new record high of 72,119 mark.

Anand Mishra, the Superintendent of Police in Assam's Lakhimpur district, on Wednesday resigned from the Indian Police Service, saying he wants to concentrate on social work. He was recently deputed to the special investigation team to probe Manipur violence. In a letter to Assam's chief secretary, Mishra cited «social and personal goals in life» for his resignation. He wrote: «This is to submit my unconditional resignation from the IPS to pursue a life of freedom and independence that I want to realise through various social services and other means beyond the mandate of IPS.» It is speculated that Mishra, who hails from Arrah in Bihar, may make his poll debut from Buxar Lok Sabha seat.

Nifty heavyweights — HDFC Bank, Reliance Industries, ICICI Bank and Infosys, have gained between 6.3%-7.9%, respectively, clearly bringing forth the point that largecaps across sectors have started an up move, and investor interest appears to be increasing in them, said Aamar Deo Singh, Senior Vice President-Equity, Commodity & Currency at Angel One. The smart money understands that at current levels, it would make sense to be largecap heavy rather than others, he added. Q: The world will be in a holiday mood this week, so what triggers do you see for Nifty and Bank Nifty and what will be key levels to watch out for? After posting consecutive weekly gains for the last seven weeks, Nifty took a breather on the back of some selling pressure witnessed in the banking space, particularly PSU banks. While on the one hand, Bank Nifty was down 1.35% WoW, Nifty PSU Bank was down 3% WoW. Other indices like auto, media, metals, IT, smallcap as well as midcap stocks ended in the red.

As we approach the end of 2023, the Indian real estate market is experiencing robust growth and heightened sentiments, particularly in the residential segment. Investor and buyer preferences have undergone a paradigm shift, significantly shaping the trajectory of the realty market. The residential sector has been a beacon of stability, demonstrating substantial growth potential throughout 2023.

Himachal Pradesh helped give much-needed confidence to take on the Bhartiya Janata Party. In the second month of this year, the Congress lost three north-eastern states- Tripura, Meghalaya and Nagaland.

Wipro, amid mixed global cues. Domestic market sentiment has been broadly positive lately on healthy macroeconomic prints. Also, global inflation going down globally and the US Federal Reserve saying they won't raise interest rates anymore have made investors even more positive.

Barbie film makes its streaming debut on Max, a whirlwind of controversy and backlash has accompanied the candy-pink blockbuster. Originally, a theatrical sensation in July 2023, Barbie transcended expectations, evolving into a nuanced commentary on patriarchy, legacy, and the complexities of womanhood in the contemporary era.

In the dynamic and often unpredictable world of cryptocurrencies, a few names have been stealing the limelight recently. PEPE, the popular memecoin, has soared to a five-month high, while Kaspa (KAS) and Borroe Finance ($ROE) are gearing up for what seems like an enormous rally. Let’s dive into why these cryptos are making waves and why they’re tagged as the top crypto to buy right now. 

Alexei Navalny. It was recently reported that allies of the jailed Russian opposition leader Alexei Navalny said that they had been unable to locate Navalny for six days, and that he had likely been transferred to another facility. "We are talking about a prisoner who was found guilty by the law and is serving the prison sentence he received.

India vs South Africa: Suryakumar Yadav-led Team India is all set to start its South Africa tour from Sunday with the first T20 international scheduled at Hollywoodbets Kingsmead Stadium in Durban. The young Indian cricket team will enter the fields with some high confidence as they comprehensively defeated world champions Australia 4-1 in the 5-match T20 series in India. But, the team is well aware that conditions will not favour them abroad and the T20 series is going to crucial ahead of the T20 World Cup 2024.

return of foreign investors is a huge positive that could Indian stock markets to record levels. You see, the Indian stock market is very reliant on money coming in from domestic investors. But when foreign money also comes in, the double-effect could result in individual stocks shooting up in no time.

Amnish Aggarwal, Head-Research, Prabhudas Lilladher, says “there are some sectors or stocks that represent the multi-year trends; one clearly is capital goods which benefits from the recent state elections results as the uncertainty with regards to the next Lok Sabha elections has got reduced. So the capital goods companies, whether they are on the engineering side, railway side, defence should continue to do well. We like Siemens Hindustan, Aeronautics, and Carborundum looks good. The entire capital goods is one pack which looks very interesting to us. ” What is your view on HUL and the rest of the FMCG players like ITC? Do you think in terms of the sector churn that we are seeing, the FMCG companies will not be in those top three, top four bets that investors would be looking at actively? We have been having an underperformer in our model portfolio.

India's first significant defence export. The missile is the first such armament developed jointly by India and Russia. These missiles are manufactured by Brahmos Aerospace in India.

Mihir Vora, CIO, Trust MF, says India’s “oil sensitivity to the GDP has reduced because services exports have boomed. It used to be $100 billion, now we are $240 billion. So, we are far bigger in terms of services exports which is reducing the volatility of oil. Yes, there is a current account deficit, but it is much less volatile than what it used to be. So, our external vulnerability to oil has reduced significantly so that is one. And second, again as we all know, compared to 10 years ago, look at the domestic flows.” We are assuming that FIIs will come back. That is a big assumption. Yes.