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Immigrants, as well as those who work closely with them, say both sides’ efforts to crack down on the border have clouded the larger immigration issue in ways often too nuanced to break down cleanly along ideological lines

Domestic benchmark index NSE Nifty fell 63.3 points to 24790.75, while the BSE Sensex traded 70.24 points down at 81154.51.

Motilal Oswal Financial Services has a neutral call on Axis Bank with a target price of Rs 1,225. The current market price of Axis Bank Ltd. is Rs 1195.25. Axis Bank, incorporated in 1993, is a bank with a market cap of Rs 370216.15 crore. Axis Bank's key products/revenue segments include interest & discount on advances & bills, income From investment, interest and interest on balances with RBI and other Inter-Bank Funds for the year ending 31-Mar-2024.

Although it comes on a higher base, October is turning out to be the highest-ever month in terms of FII selling. Back in March 2020, when FIIs had sold Indian stocks worth $7.9 billion (Rs 58,632 crore), Nifty had the month down 23% despite domestic institutional investors (DIIs) matching the selling with buying of Rs 55,595 crore.

Dalmia Bharat will be in focus on Monday after the firm’s profit slumped by 60% in the September quarter as weak prices of cement weighed on earnings, even as the cement maker sold more cement during the quarter as compared to the previous year. The New Delhi-based company clocked in a net profit of Rs 49 crore for the quarter, down over 60% on year, while income from operations was more than 2% lower at Rs 3,087 crore.

HDFC Bank, Reliance Industries, and IT stocks. The BSE Sensex was trading 475 points, or 0.59%, higher at 81,700. The Nifty50 was up 102 points, or 0.41%, trading at 24,955 around 9:18 am.

JM Financial will be in focus on Monday after the company on Friday announced that the Reserve Bank of India has lifted the restrictions placed on its subsidiary, JM Financial Products Ltd, that prohibited it from engaging in any business related to funding for shares and bonds due to regulatory violations and governance issues. «We wish to inform you that the RBI, vide its letter dated October 18, 2024, has lifted the restrictions imposed by it on the company (JM Financial Products Ltd) through its order dated March 5, 2024,» JM Financial said in a regulatory filing.

Jonathan Schiessl, Deputy CIO, Westminster Asset Management, says when it comes to realty stocks, from a stock market perspective, there is the question of whether the companies at play are playing into the bigger picture or whether they are playing into more regional and local pockets of wealth, etc. So, one has to be careful in the stocks one is looking at. Further Schiessl says in autos, they have some exposure to Maruti, but they are quite selective about that. Tata Motors is having ongoing issues with Jaguar Land Rover and that keeps Schiessl on the sidelines in that sector. What do you make of the real estate market in India if you have been tracking that? The upper end of the market was doing very well, but at some point of time, the cycle was expected to turn. Do you see that happening now or it is still a bit away? Jonathan Schiessl: Yes, it is part of the Indian markets, which we do not do a huge amount of work on, if I am honest. We have looked at a few of the high-end developers previously, but obviously real estate of all industries is very localised. It is difficult to put a broad view on the entire space. But that said, clearly some companies in certain pockets have done extremely well more recently. Clearly, the underlying economy is humming along quite nicely and certain companies in certain localities are doing well but it is not something to focus on too much.

Kotak Bank shares will be in focus in today's trade as the private sector lender reported Q2 profit recorded a growth of 5% year-on-year (YoY) to Rs 3,344 crore The bank's net interest income (NII) for Q2FY25 increased 11% YoY to Rs 7,020 crore, from Rs 6,297 crore in the corresponding quarter of the previous financial year.

IT services company Tech Mahindra are likely to remain in focus today after the company reported a 153.1% year-on-year (YoY) to Rs 1,250 crore for the second quarter, while its revenue rose by 3.5% YoY to Rs 13,313 crore in the said quarter. On a sequential basis, profit and revenue saw growth of 46.81% and 2.36%, respectively.

Reliance Infrastructure will be in focus on Monday after the shareholders approved the company's plan to raise Rs 6,000 crore through a preferential share issue and qualified institutional placement (QIP). The proposals received over 98% approval via postal ballot, as disclosed in a stock exchange announcement.

Kotak Mahindra Bank are likely to remain in focus today after the company on Saturday reported a 5% year-on-year (YoY) rise in its standalone profit after tax (PAT) for the quarter ended September 2024 to Rs 3,344 crore. The bank's net interest income (NII) for Q2FY25 increased 11% YoY to Rs 7,020 crore, from Rs 6,297 crore in the corresponding quarter of the previous financial year.

Jio Financial Services are expected to remain in Focus on Monday following company's Q2 earnings where the company reported a 3% uptick in its net profit to Rs 689 crore for the quarter ended September 2024, versus Rs 668 crore logged in the year-ago period. Revenue from operations in the reported quarter stood at Rs 693.50 crore, up 14% over Rs 608.04 crore posted by the company in the corresponding quarter of the previous financial year.

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flue gas desulphurisation (FGD) units at public sector coal-based power plants as a recent study found that sulphur dioxide emissions from Indian coal-based power plants were not adversely impacting ambient air quality. Niti Aayog, the government's premier think-tank, has held stakeholder consultations in this regard and is likely to recommend this in its final report by month end, officials said. The Aayog had made such a suggestion in a draft report, after which intensive consultations were carried out before firming up the view, they said.

India's biotechnology sector is witnessing remarkable growth, with the country's bioeconomy now valued at USD 150 billion but there is still significant untapped potential in innovation and product development, which could further elevate India's global standing in the sector, Dr Jitendra Kumar, Managing Director of the government's Biotechnology Industry Research Assistance Council (BIRAC), said. BIRAC is a not-for-profit public sector enterprise set up by the Department of Biotechnology (DBT) under the government that supports and promotes innovation, entrepreneurship, and research in the sector. In an interview with PTI, Kumar highlighted India's significant contributions to global healthcare, with 40 per cent of the world's generic medicines being supplied by Indian companies. «We have enormous potential and capability, but when it comes to the value of our bioeconomy, we are ranked 14th globally. This is because much of the value stems from patented, innovative products' — an area where India still needs to improve,» Kumar said.

ICICI Bank and HDFC Bank emerging as the biggest gainers. Last week, the BSE benchmark declined 156.61 points, or 0.19 per cent. While HDFC Bank, Bharti Airtel, ICICI Bank, and the State Bank of India were the gainers, Reliance Industries, Tata Consultancy Services (TCS), Infosys, Hindustan Unilever, ITC, and Life Insurance Corporation of India (LIC) suffered a combined erosion of Rs 76,622.05 crore from their market valuation.

And Prime Minister Narendra Modi’s ambitions to fashion a developed nation by 2047 — India’s centennial as an independent country — has some of the world’s most deep-pocketed investment firms lining up to get a piece of the action. They’re betting the transformation will inevitably lean heavily on the country’s developing credit market.

For investment banks, 2024 has quite suddenly roared into life. Some of the best placed to take advantage of the engine finally firing up are the boutique banks. But what are they?