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Rajeev Thakker, CIO,PPFAS MF, says “ at a time when US bond yields are around 4 to 5% and threatening to go higher and for longer, I do not think one should be really looking at hitting sixes right now. People have made a good amount of returns in the last few years, not the last two years, but maybe from a five-year perspective. I think it is time to be more conservative in terms of the future outlook. I do not think it is a time to be very aggressive in terms of investing.” The PMS started with an AUM of less than Rs 500 crore, Is it worth Rs 20,000 crore now? Equity scheme is Rs 45,000 crore. So, Rs 45,000 crore of equity and you started in 2012? 2013.

World Cup 2023, Bangladesh skipper Shakib Al Hasan's decision to appeal for a "Timed Out" dismissal against Sri Lankan batsman Angelo Mathews has attracted comments from several legendary Pakistani cricketers as they discussed the matter on the show The Pavilion on A Sports. The rare appeal led to Mathews becoming the first player in international cricket to be dismissed in this unusual manner. Wasim Akram expressed his view that the decision to appeal for a 'Timed Out' would depend on multiple factors, including the game's context and the opposition.

LTIMindtree Ltd. gained 0.64 per cent to Rs 5182.85 at 11:26AM (IST) in Tuesday's trade. The stock hit a high of Rs 5209.0 and low of Rs 5130.05 so far during the session.

Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd, says “L&T on one hand, shows extremely high competitiveness in bidding and winning the contracts. On the other hand, the input cost control has to be there. In a given situation, which remains quite fluid, it is difficult for companies to maintain the margin beyond a point. Of course, they have got a pass over clause in most of their contracts. But all said and done, there are certain challenges in the margin. As a result of which, the margins have remained relatively more competitive. That is where they are probably not getting a higher valuation.” Do you think a large part of the rally in the capex theme is done because in the last few weeks, we have seen sideways moves from the likes of Siemens and ABB. The big rally that we were witnessing a few months ago seems to have subsided, with the exception of L&T? I guess a few things need to be observed. While most of the companies are continuing to take advantage of a good capex cycle in the country because of the government spending, the spending by the industry, etc. I feel the more important part is that these companies would have a probability of growth rate moderated between 15% and 20%.

deepfake video of herself that had gone viral on social media platforms. She also encouraged others to speak against such situations. “Shame on people who resort to such things, it shows that there's no conscience left at all in such people.

Stock market today: Atul Ltd buyback: The board of directors of the integrated chemical company is going to consider and approve proposal for buyback of shares. The board meeting of the company is scheduled today.

The Sun has stated. Sources told The Sun that the former Suits actress is waiting for a "Meghanaissance" as she has joined top Hollywood talent agency WME in April this year. As per the report, there have been speculations that Markle could follow her husband Prince Harry's footsteps and launch her own memoir.

Investing.com-- Gold prices fell further in Asian trade on Tuesday, hit by a rebound in the dollar and Treasury yields before a string of major Federal Reserve speakers this week.

China's exports fell at a faster pace than predicted in October, data showed Tuesday, as the world's second-largest economy is buffeted by faltering global demand and a sluggish domestic recovery. Beijing has sought to boost business activity in a country grappling with a major property crisis and weaker consumption since officials abolished their strict zero-Covid policy at the end of last year. Exports — long a key driver of the growth — sank 6.4 percent year-on-year last month, according to the General Administration of Customs. The reading was much worse than the 3.5 percent drop forecast in a Bloomberg survey of economists and slightly heavier than September. Apart from a brief rebound in March and April, exports have been in constant decline since last October. «Export growth remained sluggish as the economic momentum in the United States and Europe slowed,» said Zhang Zhiwei of Pinpoint Asset Management, adding that external demand was likely to remain weak in coming months. Imports, however, rose 3.0 percent, bucking a forecast drop of 5.0 percent and notching the first month of on-year growth since late last year. The rise in imports could be a signal that domestic demand in China is recovering from months of weakness. But Zhang told AFP that the October «positive surprise» in imports alone is not sufficient to determine whether domestic demand is improving, pointing to other indicators such as retail sales. «Nonetheless as fiscal policy has turned more proactive, a recovery in domestic demand is likely in coming months,» said Zhang. China recorded moderate growth in the third quarter as Beijing looks to achieve its official goal of «around five percent» expansion for 2023 — one of its lowest targets

(This story originally appeared in on Nov 07, 2023)

A look at the day ahead in European and global markets from Tom Westbrook:

Dancing with the Stars" is ready to treat ‘Swifties’ with a special episode dedicated to pop icon Taylor Swift. On November 21, fans of the show and the songstress can expect a night of dance routines set to Swift’s biggest hits. The episode titled "A Celebration of Taylor Swift" will feature six couples performing choreographed pieces to songs spanning Swift's illustrious career.

Sanjiv Bhasin, Director, IIFL Securities, says “Lupin is my dark horse play. The stock has given a smart run up, but I still think Lupin is headed higher. You can add a basket of maybe Cipla and given that it is a takeover target, given a Cipla, Dr Reddy and Sun Pharma. Divi’s yes, on decline would be a buy because in contract farming in the API distribution, they are one of the largest players.” Let us begin by discussing the pharma sector. The earnings this time have managed to show an improvement with the exception of Divi’s which of course was a big miss on the margin front. The commentary is something that the Street likes. Even Gland after many quarters has managed to deliver an okay set. Which are the stocks that you like? You are right, Divi’s did disappoint but the management sounded very confident on the second half and that is the commentary from a lot of players on the second half of the calendar year and that I think is going to be instrumental. In pharma, we have seen blockbuster numbers from Cipla, Sun Pharma and Dr Reddy. The dark horse play which will come out with superb numbers is Lupin.

By David Shepardson

Investing.com-- Most Asian currencies fell on Tuesday as a warning from Federal Reserve officials and signs of more economic headwinds for China dented sentiment, while the Australian dollar tumbled after the Reserve Bank struck a seemingly dovish tone.

By Yuka Obayashi and Trixie Yap

brokerages took a favourable view on the stock following its September quarter earnings. Among them were Morgan Stanley which remains overweight on the counter relying on improvements being seen in its business. In the domestic pack, Nuvama maintained a buy view while Kotak Institutional Equities recommended an 'Add'. On Monday, Nykaa reported a 8% year-on-year (YoY) growth in its consolidated net profit at Rs 5.4 crore for the quarter ended June 2023.

equities by foreign portfolio investors intensified in October as a sharp spike in the US bond yields amid concerns that interest will stay higher for longer triggered a risk-off mood on Dalal Street. Data shared by the National Securities Depository Ltd (NSDL), showed that eight major sectors saw high selling by FPIs, with financial services bearing most of the brunt of it. FPIs net sold shares worth Rs 28,933 crore or $3.5 billion across eight sectors, namely financial services, information technology, oil & gas, power, fast moving consumer goods, construction, consumer durables, and healthcare.

primary market has been one of the shining lights in the investment arena this year with a bumper rush of public offers and healthy listing gains. Six IPOs have turned multibaggers in Samvat 2079 with the highest return of over 300% by Kaynes Technology. The other offers which have delivered over 100% returns till date include Plaza Wires, Cyient DL, Global Health, Senco Gold and Utkarsh Small Finance Bank. While Plaza Wires is up about 163% from its offer price, Cyient DLM and Global Health are each trading 140% higher. Other notable mentions are the ideaForge and Netweb Technologies IPOs, whose shares doubled investors wealth on listing day.

Rashmika Mandanna sashaying into an elevator, wearing a little black dress with a plunging neckline, sparked outrage online, when it was found to be an AI generated deepfake. From fans to Bollywood bigshots like Amitabh Bachchan, many people came to her defence. The 'Pushpa' star finally opened up about the traumatic experience on Monday. Taking to X (formerly Twitter), she revealed that the entire ordeal had been really «scary» for her, both as an actress as well as a woman. «I feel really hurt to share this and have to talk about the deepfake video of me being spread online. Something like this is honestly, extremely scary not only for me, but also for each one of us who today is vulnerable to so much harm because of how technology is being misused. Today, as a woman and as an actor, I am thankful for my family, friends and well wishers who are my protection and support system. But if this happened to me when I was in school or college, I genuinely can’t imagine how could I ever tackle this,» reads her post. She ended with an urgent plea to the public to take stringent action against perpetrators.

Investing.com-- Chinese exports fell more than expected in October amid worsening overseas demand, while an unexpected rise in imports saw China’s trade surplus shrink to its worst level in 17 months.