Recommendations Financial News

ICICI Prudential Banking & PSU Debt Fund, the topper in the category, offered 7.32% in 2023. Aditya Birla SL Banking & PSU Debt gave 6.86%. Sundaram Banking & PSU Debt Fund and Franklin India Banking & PSU Debt Fund gave around 6.84%. HDFC Banking and PSU Debt Fund gave 6.83%.

HCL Technologies, HSBC maintained a buy on Zomato, Morgan Stanley maintained an overweight rating on Bank of India and Jefferies maintained a buy on Bharti Airtel. We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

Info Edge Ltd (Naukri), part of the consumer service industry, has been trading above the breakout level of a Cup and Handle pattern on the daily charts. Short-term traders can look to buy the stock for a possible target of 5900 in the next 6-8 weeks, suggest experts. The stock gave a breakout from a Cup and Handle pattern in December 2023. The neckline of the pattern was placed around 4900-5000 levels.

The Nifty future closed positive with gains of 0.49% at 21722 levels on Wednesday. India VIX was down by 2.21% from 13.26 to 12.97 levels. Volatility rose above 14.5 zones during the day but cooled off later and paved the way for the bulls at support zones. On the weekly options front, the maximum Call OI is placed at 21,800 and then towards 22,000 strikes while the maximum Put OI is placed at 21,500 and then towards 21,600 strikes. Call writing is seen at 21800 and then towards 22000 strikes while Put writing is seen at 21500 and then towards 21600 strikes. “Options data suggests a broader trading range in between 21200 to 22000 zones while an immediate trading range in between 21350 to 21750 zones,” Chandan Taparia, Senior Vice President | Analyst-Derivatives at Motilal Oswal Financial Services Limited, said. “Nifty formed a small-bodied Bullish candle on the daily frame on Wednesday with a longer lower shadow indicating buying visible at support zones,” he said. “Now the index has to hold above 21550 zones, for an up move towards 21750 then 21850 zones while on the downside support exists at 21450 and 21300 zones,” recommended Taparia.

Sensex settled 271 points higher at 71,657 and the Nifty advanced 73 points to 21,618. Stocks that were in focus included names like HCL Tech, which rose 2.03%, Delta Corp, which jumped 2.9%, and Manappuram, whose shares declined 4.8% on Wednesday. Here's what Riyank Arora, Technical Analyst at Mehta equities, recommends investors should do with these stocks when the market resumes trading today. HCL Tech (Bullish) The stock has successfully formed a W pattern on its daily charts. Any pullback towards 1480-1485 should be a good buying opportunity for the stock, with a stop loss placed below the 1465 mark.

Most Democrats at a House hearing Wednesday expressed support for a Department of Labor investment advice rule proposal that has come under fierce attack from Republicans and financial industry opponents.

By Ketki Saxena

Federal investigators are looking into a dockside cargo ship fire that killed two New Jersey firefighters at Port Newark

Meta says it will start hiding inappropriate content from teenagers’ accounts on Instagram and Facebook

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RBC global strategists are optimistic about the market performance in the year ahead. Sector-wise, strategists maintained an overall positive outlook across sectors, particularly favoring Financials, Materials, Health Care, Energy, and Utilities for performance and valuations.

NEW DELHI : Akumentis Healthcare Ltd has launched a cannabis plant-based medicine in the market to treat seizures in toddlers. The drug, approved by the Drug Controller General of India, is specifically formulated to address seizures associated with Lennox-Gastaut Syndrome, Dravet Syndrome, or Tuberous Sclerosis Complex, the company said.

"At Excitel, we've been at the forefront of redefining home entertainment. Today, we are thrilled to present India's first South Plan, tailored for the rich tapestry of languages and cultures in regions like Tamil Nadu, Andhra Pradesh, Karnataka, and more. In response to the evolving landscape of home broadband and Cable TV, we're putting an end to the era of restrictive DTH subscriptions and costly add-ons.

Bharat Electronics (BEL), HAL (Hindustan Aeronautics Limited), Data Patterns, and BDL (Bharat Dynamics). An ‘add’ rating typically suggests that the stocks are recommended for purchase, but investors are advised to exercise some caution. The brokerage expects a steady performance from Data Patterns (+43 percent YoY), BEL (+22 percent YoY), HAL (+9 percent YoY) and BDL (+55 percent YoY) as execution usually picks up in the second half.

On the Hudson River in lower Manhattan, the West Village exudes the charm of old New York—and homeowners are willing to pay a premium for that: The neighborhood’s 10014 ZIP Code has the city’s most expensive residential real estate as ranked by median price per square foot, at $2,366 in December, according to Realtor.com. (News Corp, owner of The Wall Street Journal, also operates Realtor.com.) One reason the ZIP Code’s square footage is so pricey is because much of the approximately 0.57 square mile neighborhood’s limited housing stock sits in a historic district. Demolition of existing structures and new construction are subject to review and approval of the Landmarks Preservation Commission.

One Nation, One Election' led by former president Ram Nath Kovind has received over 5,000 suggestions from the public on simultaneous polls, sources said on Wednesday. Last week, the high-level committee had invited suggestions from the public «for making appropriate changes in the existing legal administrative framework to enable simultaneous elections in the country». The sources said over 5,000 emails have been received so far.

Manappuram Finance plunged 7.4% to Rs 163.4 in Wednesday's trade on BSE after the market regulator Securities and Exchange Board of India (SEBI) put the IPO of its arm Asirvad Microfinance on hold. The delay in the IPO represents a blow to Manappuram Finance, which had raised its stake in Ashirwad Microfinance in June 2022, acquiring a majority stake as part of its broader diversification strategy. Asirvad Microfinance had filed a draft red herring prospectus (DRHP) with SEBI to raise Rs 1,500 crore from the public back in October last year. At 11.22 am, the scrip was trading 4.9% lower at Rs 167.9 on BSE. However, in the last year, the stock has surged nearly 40%. In Q2 FY24, Manappuram Finance reported a 37% increase in consolidated net profit to Rs 561 crore.

Crafted with precision and infused with nuances, this list celebrates diversity, allowing every child to find a doll that resonates with their dreams. Each doll is a testament to the craftsmanship and joy that defines the best in the world of dolls, introducing children to a world of endless possibilities.

Finally some good news — you’ve landed a major promotion with a huge pay bump, or you’ve finished many years of education and entered a high-paying profession.

A new combination of health insurance and healthcare has been launched in India, with the managed healthcare or integrated healthcare scheme announced by Narayana Health Insurance. It aims to do away with the misalignment of incentives in the traditional health insurance model, and lays emphasis on proactive diagnosis and treatment. In the traditional health insurance model, the healthcare provider and the payer of the healthcare, the insurer, find themselves at odds, the conflict taking place at the expense of the consumer/patient.