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While the Indian economy powers ahead to overtake many developed countries in terms of GDP growth, Millennial and GenZ citizens continue to form the bedrock of our nation’s demographic dividend and remain critical to its future success. Being more inclined towards adopting technological advancements, both across consumption and investment-related themes, this young working population ought to consciously invest in building a healthy corpus that can sustain their improved standards of living. To do this, it is critical for them to start investing early and follow a robust investment strategy that compounds savings while offering adequate insurance protection. Let us look at top smart money investment avenues and important insurance products that should be considered when creating such a holistic strategy.

Job loss has become a concern for many salaried individuals — both young and mid-age professionals. The recent job cuts by global giants are some of primary signals of the worsening job market worldwide. Uncertain economic situations do lead to job losses, a fact which can’t be denied. It is already happening and in such a situation, it is important to be financially ready for any financially uncertainty.

Reserve Bank of India on Thursday decided to increase the risk-weights on unsecured credit and bank loans to non-banking financial corporations (NBFCs). The increased risk-weight is applicable to outstanding as well as fresh loans, the central bank said. While credit growth for the overall banking system has remained stable and healthy, certain components of personal loans are, however, recording very high growth, RBI Governor Shaktikanta Das had said in his previous policy statement. Das further added that the central bank was closely monitoring for any signs of incipient stress. Thursday’s decision was, therefore, somewhat on expected lines. However, Dalal Street wasn’t very happy with the same and a kneejerk reaction was seen among NBFC stocks, with Bajaj Finance, One97 Communications, and SBI Cards and Payment Services shedding more than 2-5%. Let’s understand a little more about what the implications of RBI’s move could be on the business. What’s changed? The risk-weights on banks’ unsecured personal loans and consumer durable loans have been increased to 125% from 100%, and that on credit cards have been increased to 150% from 125%. Further, the risk-weights on NBFCs’ unsecured personal and consumer durables loans, and credit cards have been increased to 125% from 100%. The risk-weights on loans by banks to NBFCs has been hiked by 25 percentage points, if the risk-weight is below 100%.

Multibagger IPO: The initial public offering (IPO) of Quicktouch Technologies Limited is one of the multibagger IPOs that Indian primary market has delivered in 2023. This NSE SME IPO was launched in April 2023 at a fixed price of ₹61 per equity share. Quicktouch Technologies Limited IPO listed on NSE SME Exchange platform on 2nd May 2023 at ₹92 apiece, deliering more than 50 per cent listing premium to the lucky allottees.

PCBL zoomed 10.19% to register a historic high of ₹244.90 apiece in today's trade. This propelled the stock to achieve a substantial gain of 84% in the current year, registering its best yearly performance since CY17. Looking at the long-term performance, the shares have delivered a 204% return over the last three-year period and over the last decade, the shares delivered a whopping return of 4,170%, climbing from ₹5.62 per share to the current position of ₹238.40.

smart TVs, the diverse display technologies stand out prominently. Whether it's the vibrant LED or the cutting-edge OLED, these displays redefine visual immersion, delivering crisp images and vibrant colours. The choice between these technologies allows users to tailor their viewing experience to personal preferences, elevating the cinematic journey within the confines of their living rooms.

US Federal Reserve will not increase interest rates further and pivot to a rate cut early next year. Rupee is up only 0.1% this week against the US dollar, as compared with 1-2% rally in other Asian currencies. Also Read: The rupee, its fall, slight recovery and what the RBI did “The recovery in the domestic equities backed by foreign fund inflows and lower crude oil prices are providing support to the local rupee.

Tech Mahindra trading lower. The Nifty IT index has outperformed the benchmark Nifty 50 this year. The IT index has gained about 13 per cent this year so far while the benchmark index Nifty 50 is up over 9 per cent.

Info Edge (India) Ltd. fell 0.39 per cent to Rs 4740.6 in Friday's trade as of 01:03PM (IST) even as the benchmark Nifty ruled at 19762.4, down 2.8 points. The scrip had closed at Rs 4758.95 in the previous session.

Grasim Industries share price rose almost 2 per cent in morning trade on BSE on Friday, November 17. Grasim share price opened at ₹1,943.10 against the previous close of ₹1,941.45 and touched its intraday high of ₹1,975.90, rising 1.8 per cent, in Friday's trade so far. Grasim Industries share price hit its 52-week high of ₹2,021.95 on October 12 this year and hit its 52-week low of ₹1,528 on March 16 this year.

BCL Industries shares are one of the multibagger stocks that Indian stock market has produced in recent years. In post-Covid rebound, this FMCG stock has risen from 3.12 apiece levels to near ₹59.40 apiece levels, delivering 1800 per cent return to positional investors in last three and half years. However, it seems that there is still some steam left in this multibagger stock.

Asian Paints, Indigo Paints, Akzo Nobel, Berger Paints, and Kansai Nerolac rose up to 5.1% in Friday’s trade on NSE after Brent crude futures fell to a four-month low of $77.42 per barrel on Thursday. Meanwhile, on Friday, oil prices were little changed in early Asian trade after slipping about 5% to a four-month low on Thursday on worries over global demand. Brent futures were up 10 cents, or 0.1%, at $77.52 a barrel at 11.17 am on Friday, while US West Texas Intermediate crude (WTI) was up 13 cents, or 0.18% at $73.05. The oil prices' decline this week was mainly triggered by a steep rise in US crude inventories and production sustaining at record levels, which analysts say triggered concerns of weak demand in the world's largest oil consumer amid high output. Crude derivatives are among the major raw materials for paint companies.

SRF Ltd. rose 0.75 per cent to Rs 2371.85 in Friday's trade as of 11:52AM (IST) even as the benchmark Nifty ruled at 19762.7, down 2.5 points. The scrip had closed at Rs 2354.3 in the previous session.

It’s off to the races for Sydney small caps investment house Eley Griffiths Group’s foray into the mid-cap land.

rupee closed at 83.23 against the greenback. A firm US dollar and weak domestic equity markets pressurized the rupee, while overnight plunge in crude oil prices restricted the fall. “Rupee is expected to appreciate towards the 83.00 mark amid correction in the dollar and falling crude oil prices.

Indraprastha Gas Ltd(IGL) have seen their stock price dip to 52-week lows in November. Gujarat Gas Ltd facing competition and volume pressure in its industrial segment also has seen its stock price see upside under check. Nevertheless all these companies have reported decent September quarter performances.

Delhivery fell around 3.75% to the day's low of Rs 398.80 on Friday morning after 1.8 crore shares of the new-age company changed hands in large block deals. Japanese IT giant Softbank, which owned a 14.46% stake in the company at the end of the September quarter through its entity Svf Doorbell (Cayman), is said to be the likely seller. The deal was valued at Rs 747 crore at Rs 403 per share, according to reports.

Voltas Ltd. traded 0.54 per cent up at Rs 825.2 at 11:01AM (IST) on Friday, even as BSE benchmark Sensex dropped 5.9 points to 65976.58. The stock had settled at Rs 820.75 in the previous session.

Stock in focus: Indian Railway Catering and Tourism Corporation or IRCTC share price will be under scruitiny of Indian stock market observers and investors during Friday deals as the Indian Railways' PSU stock is trading ex-dividend today. The board of directors of the company has declared ₹2.50 per share interim dividend for the financial year 2023-24. The dividend stock also fixed 17th November 2023 as record date for finalisation of eligible shareholders for interim dividend payment.

Tata Technologies IPO: The initial public offering (IPO) of Tata Technologies Ltd is ready to hit Indian primary market on 22nd November 2023 and it will remain open for bidding till 24th November 2023. The Tata group company has already declared Tata Technologies IPO price band at ₹475 to ₹500 per equity share. Meanwhile, after announcement of Tata Technologies IPO date and price band, grey market has gone highly bullish on the public issue.

The Nifty 50 moved past the 19700-mark and ended at 19765.20 points and the Sensex settled at 65982.48 points. Among the major movers in the market were index major Tata Consultancy Services, PB Fintech, and Kalyan Jewellers India. PB Fintech shares hit a one-month high intraday and ended more than 2% higher in trade.