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«I have always been and I remain over the long term very positive on the private sector banking universe. India if it continues to grow at about, say, 7% to 7.5% over the long term, that growth will have to come from investments and consumption and it is the private sector banks which would be financing that growth,» says Manishi Raychaudhuri, Veteran Investor. It has been an eventful week of sorts because you had so many events to watch out for, be it the US elections, be it the FOMC rate decision. Also, back home you had Diwali and you had to look at the Diwali sales, the auto sales numbers. Tell me, how are you reading all of these various signs that you are getting in from the markets? Firstly, let us talk about the US elections. Manishi Raychaudhuri: That is possibly the most important development that the whole world has been waiting for, including financial asset investors, both equity and fixed income.

shares were subdued at the open on Friday on the back of mixed earnings results, while heavyweight luxury firms fell after Richemont's results failed to impress. The pan-European STOXX 600 held firm at 509.9 points as of 0817 GMT, with healthcare leading subsector gains with a 1.1% rise, while basic resources lagged with a 2.4% fall.

However, revenue from operations declined 9% YoY to Rs 8,768.8 crore in the reporting period, compared with Rs 9,638 crore in the corresponding period of last year.

Donald Trump's economic policies and agendas, has once again alarmed the world after his historic comeback in the US presidential election. Based on protectionism, tariffs, corporate tax cuts, increased infrastructure spending, deregulation, immigration control and strengthening local manufacturing, Trumponomics aims at fostering economic growth, raising incomes and creating more jobs. But critics say Trumponomics can stoke inflation, add to fiscal deficit and favour the rich.

Tata-backed Indian Hotels Company (IHCL) announced a profit of Rs 583 crore for the second quarter of the fiscal year, marking a 226% year-on-year (YoY) increase. IHCL also reported revenues of Rs 1,826 crore for the quarter, a 27.4% YoY rise. Puneet Chhatwal, MD & CEO, IHCL, talks to ET Now about what is making the hospitality sector and especially, IHCL succeed while the rest of the consumption sector industries are slowing down. Chhatwal also says that Q3 is always the strongest quarter, followed by Q4. As the sector is making money in Q1 and Q2, Q3, and Q4 are coming as a bumper on top. So the sector is doing well and Indian Hotels is very well positioned to take advantage of the possible tailwinds. On growth spurt in H2 Puneet Chhatwal: We have to look at quarter one and quarter two together. We are very much within our guidance which we said we will do a double-digit top line growth. And if you look at the first half, we are at 11% top line and that is my belief that demand will continue to outpace supply. And as India grows, as India's GDP grows, as India from number five becomes number three economy, it is just the beginning of a long journey for the hospitality sector. Within that, if we are India's largest hospitality ecosystem, we will stand to benefit.

Subscribe to enjoy similar stories. The appeal of momentum investing, with its "buy high, sell higher" mantra, has surged, challenging traditional investment norms. Yet, behind the simple idea lies a complex mechanism where fund size and trading volume can greatly influence success.

REC Ltd. 2.39 per cent to Rs 515.90 in Friday's trade as of 02:00PM (IST). The stock hit a high price of Rs 526.40 and low of Rs 514.10 during the session.

GAIL (India) Ltd. traded 2.54 per cent in Friday's trade at 02:09PM (IST). Around 502,607 shares changed hands on the counter. The scrip opened at Rs 210.40 and touched an intraday high and low of Rs 210.40 and Rs 203.90, respectively, in the session so far. The stock of GAIL (India) Ltd. quoted a 52-week high of Rs 246.35 and a 52-week low of Rs 122.90.

Ashok Leyland Ltd. traded 2.31 per cent at Rs 220.80 at 02:05PM (IST) on Friday, even as BSE benchmark Sensex 98.56 points to 79443.23. The stock had closed at Rs 215.80 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 264.70 and Rs 157.65, respectively.

Stocks that rallied over 10% included, Adroit Infotech (PP)(14.32%), Aksh Optifibre(12.23%), Sayaji Hotels(11.84%), Trans Freight(11.73%), Shiva Texyarn(10.82%), Reliance Chemo(10.08%) and BKV Industries(10.00%).

Unimark Business Solutions Private Ltd, according to the Draft Red Herring Prospectus (DRHP) filed on Thursday. Proceeds from the fresh issue worth Rs 330 crore will be used for setting up a new plant of 1,200 TPD (tonnes per day) in Madhya Pradesh, Rs 85 crore for payment of debt and the rest towards general corporate purposes.

HDFC Asset Management Company Ltd. traded 0.6 per cent up at Rs 4488.80 at around 11:28AM (IST) on Friday. The stock had closed at Rs 4516.30 in the previous session. Equity benchmark Sensex traded 93.3 points at 79448.49 around the same time.

DLF Ltd. 1.71 per cent to Rs 789.35 in Friday's trade as of 11:38AM (IST). The stock hit a high price of Rs 817.30 and low of Rs 788.65 during the session. The return on equity (ROE) for the stock stood at 6.91 per cent. Traded volume on the counter stood at 11:38AM shares and turnover at Rs 2.17 crore around that time. The stock of DLF Ltd. quoted a 52-week high price of Rs 967.00 and 52-week low prices of Rs 591.25, respectively.

Marico Ltd. 0.0 per cent to Rs 631.80 in Friday's trade. It hit a high of Rs 636.25 and low of Rs 630.00 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 601.85, while the 50-DMA was at Rs 670.26. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Trent have fallen by 10% in the last 2 trading sessions to a low of Rs 6,270 on the BSE after the company on Thursday reported that its September quarter standalone profit rose 46% year-on-year (YoY) to Rs 423.44 crore, higher than ET Now poll estimate of Rs 414 crore. Trent's Q2 revenue rose 39.6% YoY to Rs 4,035.56 crore but was below the estimate of Rs 4,320 crore.

Nifty 100 Low Volatility 30 ETF represents an increasingly popular investment strategy aimed at offering stability in volatile markets. This exchange traded fund (ETF) is a passive fund, meaning it closely follows the Nifty 100 Low Volatility 30 index, and invests in stocks with lower-than-average volatility. The primary goal is to minimise sharp price swings, providing investors a smoother ride in their equity investments.

Most U.S. stocks rose as the Federal Reserve cut interest rates again to make things easier for the economy

The NSE Nifty index traded 37.4 points down at 24161.95, while BSE Sensex was 75.13 points at 79466.66 as of 11:00AM(IST)on November 08.

Wipro Ltd.(up 2.39 per cent), Tech Mahindra Ltd.(up 2.02 per cent), Infosys Ltd.(up 1.85 per cent), Coforge Ltd.(up 1.63 per cent) and LTIMindtree Ltd.(up 1.25 per cent) were among the top gainers.

Tata Elxsi Ltd. rose 0.66 per cent to Rs 7209.05 in Friday's trade. It hit an intraday high of Rs 7235.00 and low of Rs 7100.00, respectively, during the day. The stock quoted a 52-week high price of Rs 9191.10 and low of Rs 6406.60.