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Hemang Jani, Independent Market Expert, says the party in defence stocks lasted for a good time and it was much more exciting than we thought it could be. But now that the reality check has come to the basics in terms of the valuation and growth we are looking at. When you see the numbers that some of the companies have reported, they are not displaying that. As a theme, the party is over. But as an allocation stock, if one wants to take a longer-term view, maybe BEL, which is still growing at 30-35%, is not bad. Also, HAL is growing at a very high rate. These are the two names that Jani is comfortable with. One pocket of the market which got active yesterday after a long gap was small to mid to higher NBFCs, the Shriram Finances of the world. Chola came back after a weakish number, as did Sammaan Financial, the erstwhile Indiabulls Housing. Is this space bottoming out? Fusion or even Credit Grameen showed some spark. Is this space ripe for stock picking or is it too early to get into NBFCs? Hemang Jani: We are seeing a good momentum in some of the pockets as you mentioned, whether it is Shriram Transport Finance or Chola. Indiabulls Housing is a different stock altogether. A part of that has something to do with the fact that within the banking vertical you are seeing a part of the money being diverted from the banks to the NBFC and the insurance because as we all know the banks are grappling with the growth on the deposit side. NIMs are under pressure. And the sector is underperforming.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Bharat Electronics Ltd. traded 0.08 per cent higher in Wednesday's session at 11:26AM (IST). The stock opened at Rs 303.15 and has touched an intraday high and low of Rs 305.7 and Rs 303.0, respectively, during the session so far. The stock quoted a 52-week high of Rs 340.35 and a 52-week low of 126.8. About 191,239 shares changed hands on the counter so far.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Piyush Goyal on Wednesday expressed concerns over the rapid expansion of e-commerce firms in India, describing it as a «matter of concern» rather than an achievement. Speaking at an event for the launch of a report on the 'Net Impact of E-Commerce on Employment and Consumer Welfare in India', Goyal raised questions about the potential social disruption that might follow this surge. «Are we going to cause huge, social disruption with this massive growth of e-commerce? I don't see it as a matter of pride that half our market may become part of the e-commerce network 10 years from now; it is a matter of concern,” Goyal remarked.

Genus Power Infrastructure rose 5% to its new all-time high of Rs 438.35 on BSE after the company reported that it has won orders worth Rs 3,608.52 crore for the appointment of Advanced Metering Infrastructure Service Providers (AMISPs). The orders for appointment of AMISPs also include the design of an Advance Metering Infrastructure (AMI) system with supply, installation, and commissioning with FMS of about 4.26 million Smart Prepaid Meters, system meters including DT Meters with corresponding energy accounting on DBFOOT basis.

Santosh Rao, Head of Research, Manhattan Venture Partners, says more than 50 basis points rate cut by Fed would cause panic. It means the economy is deteriorating and they do not want that to happen. As long as they keep cutting rates, 25 bps, gold will be steady. But if they cut a lot, gold will go spike much higher. $3000 is in the bag at that point. What do you make of gold at $2,500? We understand that investors are looking at the Fed's rate cut decision to major escalations in the Middle East and the Russia-Ukraine conflict, but to what extent do geopolitical tensions drive these prices, and for how long will gold remain at these elevated levels? Santosh Rao: There is a fundamental shift in the way investors are looking at gold. It was a safe-haven trade in the past, but now it has become a big part of a diversified portfolio. It does move with the stock market, but not one-to-one correlation. When the stock market fell recently in the US, gold fell as well, but not as much. So, it outperformed the broader indexes.

Suzuki Motor Corporation (SMC), the company's majority shareholder, confirmed this move, as per the Business Standard report.Livemint could not independently verify the news development.“We are currently adjusting production to reduce market stock and are closely monitoring demand trends. India will be in a critical period with the upcoming festival season, so we will closely monitor demand trends," Suzuki Motor Corporation told analysts in a conference call, Business Standard reported quoting the transcript of the call.Despite a 7.4 per cent year-on-year increase in production to 496,000 units during the first quarter, sales growth lagged significantly, rising by only 1.2 per cent to 427,000 units, according to the Business Standard report.This slowdown in car sales has sparked concerns throughout the Indian auto industry, accumulating unsold vehicles at dealerships.

Bandhan Bank Ltd.(up 2.52 per cent) were among the top gainers.

HDFC Bank with a target price of Rs 1950. The current market price of HDFC Bank Ltd. is Rs 1631.75. HDFC Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 1245982.19 Crore).

Bank of Baroda with a target price of Rs 280. The current market price of Bank of Baroda is Rs 254.3. Bank of Baroda, incorporated in the year 1911, is a banking company (having a market cap of Rs 131533.60 Crore).

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Bandhan Bank with a target price of Rs 260. The current market price of Bandhan Bank Ltd. is Rs 197. Bandhan Bank Ltd., incorporated in the year 2014, is a banking company (having a market cap of Rs 31721.61 Crore).

Axis Bank with a target price of Rs 1375. The current market price of Axis Bank Ltd. is Rs 1166.1. Axis Bank Ltd., incorporated in the year 1993, is a banking company (having a market cap of Rs 360940.79 Crore).

On Tuesday, key areas affected by the waterlogging included the outer ring road towards Hebbal Circle, Kempapura towards the Airport, Veerannapalya Signal towards Hebbal Circle, and the down ramp of the Hebbal flyover towards the Airport. In these areas, slow-moving traffic was reported. Many commuters were stuck for hours near the Hebbal flyover during peak traffic hours.

Accel has invested $9 million in Uppercase, nearly doubling the new-age luggage maker’s valuation after the investment to $60 million. The investment is earmarked for fuelling the brand’s expansion through new retail stores domestically as well as in Europe and the Middle East by next year, cofounder and managing director Sudip Ghose told ET. ET had reported on May 31 about Accel, an early investor in Flipkart, having discussions to invest in Uppercase, underscoring investor interest in new-age consumer retail brands.

New Delhi: An innocuous piece of India's audit rules has come under scrutiny, after several alleged audit lapses that paved the road to spectacular business bust-ups were traced back to it. However, fixing it could be tricky, audit industry executives said. When a company raises money from the public and transfers it to a subsidiary, and further to the company's promoters, the diversion may go unnoticed in audits.

Infosys kicked off the fiscal 2024-25 performance bonus pay-outs to eligible employees at an average of 80% for the first quarter ended June, in what could potentially uplift the mood across vast sections of the technology workforce. This pay-out is a substantial jump from the previous quarter ended March 31 when India’s second largest IT services firm had paid an average 60% of the targeted bonus. “This is the best we have seen in some time,” an Infosys employee told ET on the condition of anonymity.

The World Health Organization (WHO) has declared Mpox a public health emergency of international concern as it found a new strain of the virus in parts of Africa. More than 15,600 cases and 537 deaths have been reported this year. Is this of concern to India? Mpox is a zoonotic illness, formerly known as monkeypox.

₹4 crore is required. This amount doubles for medium-sized hubs and is about ten times more for large export hubs.