Recommendations Financial News

Stock market today: On account of strong global market sentiments ahead of the US inflation data release, the Indian stock market finished higher for the third straight session on Thursday. The Nifty 50 index added 28 points and closed at the 21,647 level, the BSE Sensex went up 63 points and closed at the 71,721 mark while the Bank Nifty index ended 77 points higher at the 47,438 level. Broad market indices rose more than the Nifty even as the advance-decline ratio rose to 1.65:1.

Sensex climbed 63 points to settle at 71,721, while the Nifty gained 28 points to end at 21,647. Stocks that were in focus included names like HCL Tech, which rose 0.02%, SBI Life, which fell 1.48%, and Apollo Hospitals, whose shares jumped 1% on Thursday. Here's what Avdhut Bagkar, Derivatives & Technical Analyst at StoxBox, recommends investors should do with these stocks when the market resumes trading today.

Buy or sell stocks for today: Following strong global market sentiments ahead of the US inflation data release, the Indian stock market finished higher after trading range-bound throughout the Thursday session. The Nifty 50 index added 28 points and closed at the 21,647 level, the BSE Sensex went up 63 points and closed at the 71,721 mark while the Bank Nifty index ended 77 points higher at the 47,438 level.

Newgen Software Technologies: The company has declared a bonus issue in the ratio of 1:1 i.e. 1 new fully paid-up bonus equity share of ₹10 each for every 1 existing fully paid-up equity share of ₹10 each held by the members of the company as on the record date. The record date to ascertain the eligibility of shareholders for the bonus issue has been fixed on January 12.

In a measure that could bring relief to promoters of startups, the Securities and Exchange Board of India (Sebi) is in favour of relaxing the rules on the minimum promoters’ contribution at the time of an initial public offering (IPO).

A top officer of an Italian cargo ship that caught fire last summer in one of America’s busiest seaports broke down in sobs recalling his crew’s initial efforts to put out the blaze

A legal adviser to the European Union’s top court says Google should pay a whopping fine in a long-running antitrust case

Revenue Growth Analysis: Infosys reported a 1.3% YoY improvement in its consolidated revenue, reaching ₹38,821 crore in Q3 FY24. On a sequential basis, revenue was down by 0.4%. The revenue in constant currency (CC) terms also declined by 1% YoY.

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

₹21.5 in January 2021 to around ₹134 currently, rallying almost 525 percent in 3 years. This implies that an investment of ₹10,000 in this penny stock in January 2021 would have turned into ₹62,500 this year. The stock has rallied in January so far, up over 13 percent, after a 6 percent fall in December 2023.

FAME scheme will help increase penetration of electric vehicles to 25 per cent from the current 5 per cent in India, Kinetic Green Founder and CEO Sulajja Motwani said on Thursday. Motwani, who is also the FICCI National EV Committee Chair, said while India has made a good start towards electric mobility, the next five years will be crucial to establish electric as the preferred technology for mobility amongst consumers. Speaking at Vibrant Gujarat Global Summit in Gandhinagar, she said the FICCI committee had submitted a comprehensive recommendation, including continuation of the FAME scheme, to the government for acceleration of electric mobility. «Certainly, a five-year long term consistent approach to the policy with a five-year demand scheme to take India from 5 per cent to 25 per cent, will be a great step for our nation,» she said.

largecap funds of portfolio management services (PMS) firms outperformed smallcap funds, with some of them even giving double-digit returns. Tulsian PMS’ largecap strategy topped the list, giving nearly 12% returns in December. On a 1-year basis, too, the strategy has given a staggering 48% returns. The largecap strategies of ICICI Prudential, Asit C Mehta Investment, Nippon India, and Agreya Capital Advisors gave 10-10.5% returns in December. Saurabh Mukherjea-run Marcellus Investment’s “Consistent Compounders” is another largecap strategy that gave positive returns last month, but underperformed its benchmark.

Stock split 2024: Shares of OK Play India Ltd are one of the multibagger stocks that the Indian stock market has delivered in the last one year. At this time, this small-cap stock with a market cap of around 400 crore has risen from around ₹46.50 to ₹150 apiece levels, logging to the tune of a 225 per cent rise in this time.

Pidilite Industries Ltd. traded 0.69 per cent up at Rs 2727.3 at 01:25PM (IST) on Thursday, even as BSE benchmark Sensex gained 146.74 points to 71804.45. The scrip had closed at Rs 2708.35 in the previous session.

Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content

raised interest rates across the tenures while in some cases, interest rates were raised for one tenure alone. Punjab National Bank, for instance, revised its interest rate within seven days of last revision on Jan 1, 2024 for a specific tenure (300 days). Meanwhile, the deadline of State Bank of India's (SBI’s) special tenure FD of 400 days wherein it offers 7.10 percent per annum rate has been extended by another three months until March 31, 2024.

interim Budget 2024 is unlikely to be about any major announcement but the government could showcase what it has achieved in the past 10 years, believes Abhijit Bhave, CEO & MD of Equirus Wealth in a telephonic interview with Livemint. He also shares his views on the sectors and fund categories that could do well in the Calendar Year 2024. About the broader market index, he asserts that there are grim chances of the repeat of the ongoing bull run of 2023.

mutual funds in India with the highest one-year returns are Nippon India Growth Fund, Mahindra Manulife Mid Cap Fund, Motilal Oswal Midcap Fund, HDFC Mid-Cap Opportunities Fund, HDFC Mid-Cap Opportunities Fund, WhiteOak Capital Mid Cap Fund, Tata Mid Cap Growth Fund, among others. Here are twelve mid-cap funds that delivered the best return in one year. Nippon India Growth Fund - Reg - Growth has delivered a 51.10% return in one year.

tax saving many often turn to the Public Provident Fund (PPF). This is because of two key factors: the tax-free yearly interest and the annual compounding effect. The extended tenure of 15 years for PPF plays a significant role in amplifying the impact of compounding, particularly in the later stages of the investment period. Further, because the interest earned is backed by a sovereign guarantee, it makes it a safe investment option. It's essential to be aware that starting from the financial year 2020-21, individuals have the choice to opt for the old/existing tax regime, which includes various deductions and exemptions like those under sections 80C, 80D, 24, and more. Alternatively, they can opt for the new tax regime, which excludes these deductions and exemptions. If an individual chooses the new tax regime in the current financial year, they won't be eligible to claim commonly availed benefits such as deductions for investments in PPF, among others. Click here for FY 2023-24 tax-saving guide So, if you select the old or existing tax regime, here is how investing in PPF can help you save tax under section 80C of the Income-tax Act, 1961.

Indian Hotels Company Ltd. traded 0.23 per cent up at Rs 459.5 at 11:06AM (IST) on Thursday, even as BSE benchmark Sensex gained 108.39 points to 71766.1. The scrip had closed at Rs 458.4 in the previous session.

Legendary investors like Warren Buffett and a few others have spent decades in financial markets. They know the markets very well and have created a fortune for themselves and their investors. So, when these legendary investors speak, the entire financial community is all ears. In fact, so many investors have created wealth for themselves just by following the advice of these legendary investors. Are you about to start your investment journey in 2024? Here are some famous quotes from these legendary investors and the message/learning from the quotes that can help you shape your investment journey.