Trade Financial News

Poonawalla Fincorp fell over 3% to Rs 342 in the morning on Monday after the company’s Chief Technology Officer, Dhiraj Saxena, resigned citing harassment by the company’s Chief Human Resources Officer (CHRO). Saxena’s resignation, effective on December 3, was officially submitted on September 6, according to a regulatory filing.

central banks globally expected to ease monetary policies in 2025, growth stocks, particularly in sectors like technology, healthcare, and renewable energy, are expected to see significant gains,” says Subhash Chand Aggarwal, Chairman & Managing Director, SMC Global Securities Ltd, said. In an interview with ETMarkets, Aggarwal said: “A diversified portfolio that includes both growth and value stocks can help mitigate risks and capitalize on opportunities in 2025,” Edited excerpts:

Easy Trip Planners will be in focus on Monday as the company signed a share purchase agreement to acquire a 49% stake in Dubai-based Pflege Home Health Care Center for Rs 30 crore. The acquisition marks the company’s entry into the healthcare and medical tourism sector, a significant step toward diversifying its business portfolio. Pflege specializes in medical tourism and home healthcare services, catering to patients across India, Southeast Asia, and the Middle East.

Sudip Bandyopadhyay, Group Chairman, Inditrade Capital, recommends staying away from paint stocks. As far as the overall FMCG scenario is concerned, some stocks like HUL, Britannia, and others have corrected and look attractive at current valuations. Earlier rural demand was subdued and the companies suffered. Once rural demand picked up, unfortunately urban demand was subdued and they were suffering. But the festive season as well as the next quarter should be good for the FMCG companies and consumption is coming back at least as far as FMCG is concerned. General FMCG, whether it is HUL or Dabur or some of the other companies, even Godrej Consumer, look good at current levels. These market-related themes have really come back to the fore. I mean, yesterday you had a big breakout on the likes of an Angel One. You had a BSE hold out very well, CDSL, etc. Anything that you find interesting here? Sudip Bandyopadhyay: BSE definitely looks interesting. The valuation is not cheap. But the way CDSL is moving up and BSE holds a significant stake in CDSL, that adds to the momentum. Of course, the new changes which have been introduced by SEBI benefits BSE more than it does NSE and that is also adding a kind of fat to the fuel. So, BSE definitely, and overall market infrastructure companies from a long-term investor's point of view definitely look attractive. Somebody can buy it and decide to hold it for a long time, and they will keep getting decent returns from these companies even at current levels.

buy call on Ashok Leyland with a target price of Rs 255. The current market price of Ashok Leyland is Rs 232.9. Ashok Leyland, incorporated in 1948, is a Large Cap company with a market cap of Rs 68298.36 crore, operating in the Auto sector. Ashok Leyland's key Products/Revenue Segments include Commercial Vehicles, Spare Parts & Others, Sale of services, Engine & Gensets, Ferrous Castings, Scrap, Export Incentives, Other Operating Revenue for the year ending 31-Mar-2024.

Subscribe to enjoy similar stories. The advent of single-expiry index options last week introduced a fresh layer of volatility to the Nifty, which witnessed dramatic price swings a day ahead of the Reserve Bank of India’s bi-annual policy announcement on 6 December.

shares of Property Share Investment REIT IPO will debut on the BSE platform on Monday. Ahead of the listing, the company's shares had no GMP in the grey market. The REIT IPO of Property Share Investment Trust was fully subscribed on the final day of bidding at 1.19 times at close.

Here's breaking down the pre-market actions:

Gold prices inched higher on Monday as investors awaited U.S. inflation data, set for release this week, for insights into the Federal Reserve's monetary policy.

Oil prices were mixed in early Asia trade on Monday as concerns over weak Chinese demand were offset by rising tensions in the Middle East following the rebel overthrow of Syrian President Bashar al-Assad. Brent crude futures fell by 1 cent to $71.11 per barrel by 1117 GMT. U.S. West Texas Intermediate crude futures rose by 1 cent to $67.21 per barrel.

Canadian dollar and Australian dollar were in focus on Monday ahead of their central bank meetings this week, while the euro and other major currencies held steady as traders reviewed the U.S. dollar's prospects. With a quarter point rate cut by the Federal Reserve next week a near certainty as per market pricing, analysts say the dollar is looking tired after its long run-up in the four weeks since Donald Trump won the presidential election.

Political tumult in France and South Korea was joined by the fall of Syrian President Bashar al-Assad's regime, which complicated an already fraught situation in the Middle East.

Central banks on four continents will make a final flurry of changes to borrowing costs in the coming week, before Donald Trump's return to the White House raises the prospect of global trade turmoil. By the time policymakers from Australia, Canada, Brazil and the euro zone convene for their first scheduled meetings of 2025, the US president-elect will have taken office, and a potential wave of tariffs could be closer to reality. The impending change in America will help cement a particularly unsynchronized phase in monetary policy, as various economies contend with different inflation risks.

How can India and its businesses navigate the rough seas that threaten fortunes built over decades through innovation and hard work? A distinguished panel led by Reliance Industries chairman Mukesh Ambani will discuss ways of facing the coming disruption that will be sparked by tectonic shifts in political economy that look set to rewrite the laws of global trade, at ET’s CEO Roundtable on Wednesday, December 11.

Ultratech, Paytm, L&T, Biocon, Alembic Pharma among others will be in focus due to various news developments. L&T Larsen and Toubro (L&T) has overturned a Rs 702 crore customs duty demand following a favourable ruling from the Central Excise & Service Tax Appellate Tribunal.

Technical indicators point to a bullish trend as the Nifty breaks out of a five-week consolidation, paving the way for an extended rally toward 25,200 in coming weeks, according to analysts. Stocks like Reliance, SBI, Infosys, L&T, Axis Bank, PFC, Titan, National Aluminium, Natco Pharma, MCX, CDSL, BSE, and Indian Hotels are poised for short-term upside, they added.

Royal Bank of Canada reported its results today. Insiders say it won't announce its bonuses until next week. When it does announce bonuses, they could a pleasant surprise. 

“Integration begins with our first conversation, before we even come up with a valuation”.  It sounds like Larry Fink of BlackRock might be freestyling lyrics for the most boring Christmas rap video ever, but he’s actually describing his process for making acquisitions. 

As we noted earlier, Citi's 2024 managing director (MD) class is one of its biggest ever. And yet, some aspiring Citi MDs have fared better than others. Citi's London-based investment bankers appear to have been favoured over their US colleagues. But it's Citi's markets professionals who've done best of all. 

When Jon Reeves, a vice president in Goldman Sachs' London compliance control room, was appraised in 2018, things seemed to be going well for him. Reeves was deemed «outstanding» by 87% of the Goldman people who gave him feedback. He was up for managing director (MD) and due to be «crossed-ruffed» by colleagues opining on his suitability for an MD role in 2021. 

Francisco Oliveira has got a new job and in many ways it seems better than his old one.