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Since the majority of Nifty Bank constituents are yet to announce their figures, traders appeared more inclined to take a risk-on approach, especially since we are coming off a low base, says Anand James, Chief Market Strategist, Geojit Financial Services. «Though the 20-day SMA at 52375 could pose some challenge to Nifty Bank’s ascent, we are counting on the oscillator divergences as well as Friday’s bullish engulfing pattern to provide enough momentum to see 53000,» he says.

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.

buy call on Larsen & Toubro with a target price of Rs 4,250. The current market price of Larsen & Toubro Ltd. is Rs 3576.25. Larsen & Toubro Ltd., incorporated in 1946, is a largecap company with a market cap of Rs 491945.68 crore, operating in the construction sector. Larsen & Toubro, is a key products/revenue segments include income from construction work, income from manufacturing and trading activities, other services, other operating revenue, property development, commission, service (engineering) and lease rentals for the year ending 31-Mar-2024.

Hyundai Motor India Ltd. was the country’s largest ever. That, however, is not its true significance. More interesting is whether the South Korean automaker’s $3.3 billion IPO will be a trendsetter like Colgate-Palmolive Co.’s listing of its local unit nearly 50 years ago. A comparison with the past may help shed a light on the future. Back then, issuers had to be coerced. India’s foreign-exchange position, never too comfortable, had started looking downright perilous after the 1973 global oil shock. Colgate’s dividend repatriation, many times more than its capital investment, became a lightning rod for lawmakers. They brought in a law to limit multinationals’ holdings in domestic operations to 40%.

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.

Nirmala Sitharaman, arrived in the United States and received a warm welcome at Newark Liberty International Airport on Sunday (local time). India's Ambassador to the United States, Vinay Mohan Kwatra, and Consul General of India in New York, Binaya Srikanta Pradhan, welcomed Sitharaman, following her arrival from Mexico City. «Union Minister of Finance and Corporate Affairs Smt. @nsitharaman is welcomed at the Newark Liberty International Airport by India's Ambassador to USA, Shri @AmbVMKwatra along with Consul General of India in New York, Shri @binaysrikant76, after her arrival from Mexico City, today,» the Ministry of Finance stated in a post on X.

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.

Nischal Maheshwari, Market Expert, says BFSI accounts for more than 50% of revenues for most of the IT companies. If BFSI starts turning around, it is really good for the IT sector. Also, interest rates cuts have started happening in the US and that is where the discretionary spend should also start going up. So, hold on to your IT stocks. At every dip, IT is a buy. On the other hand, RBI has given a clear hint to NBFCs to go slow on the growth part. It is best to avoid all the NBFCs for the moment. What are you making of this extremely volatile market and complete disconnect from what the Western markets are doing – both Europe as well as the US? Nischal Maheshwari: Some amount of profit-taking is happening in India. Yes, it is a bit of a disconnect. If you compare this, it has been a very solid market as far as the US is concerned and even in Southeast Asia. But here we are seeing some amount of profit-taking, some amount of disappointment as far as earnings are concerned in the current quarter.

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.

Bajaj Housing Finance will be in focus today as the company will earnings for the second quarter ended September 2024. In the run up to the results, the shares of Housing have been muted, falling nearly 4%. While there are no estimates of the recently debuted company, it reported that the assets under management (AUM) surpassed Rs 1 lakh crore during the quarter, reaching Rs 1,02,550 crore—a 26% increase compared to Rs 81,215 crore in the same quarter last year.

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.

Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...

standard operating procedure (SOP) for negotiating its free trade agreements (FTA) and address new issues — labour, environment, digital services, gender and indigenous peoples and has temporarily paused some new trade pacts. Officials said a review of India’s trade pact with the UAE in two years after it came into force and a rise in sustainability measures being imposed by the US and the EU, have led the government to develop a new FTA strategy. These guidelines will be based on reciprocity and stronger rules of origin to prevent Chinese products entering India by misusing any of the trade pacts. “The SOPs are almost ready and we will go to Cabinet for its approval,” said an official. The SOPs assume significance as India is negotiating trade pacts with the UK, the EU, Peru, Oman, Chile and a comprehensive trade deal with Australia.

Ripple’s XRP has recently displayed resilience despite ongoing regulatory pressures. The token faced an 18% drop earlier in October due to renewed legal uncertainties with the U.S. Securities and Exchange Commission (SEC).

Harshad Mehta, a character who would have escaped Gen Z but for an OTT web series, continues to cast a spell, reminding RBI officials in the tower, of the sharp practices of Harshad, his cohorts and later generations of wily brokers in the financial markets. Down the years, the guile of these bond market intermediaries has bred in the bones of RBI officials a suspicion and distrust towards brokers who once ripped off institutions, helped banks mask their losses in G-Secs and corporate bonds, and had senior bankers and treasurers eat out of their hands. Though their influence has waned — with the regulator throwing new rules after every shock — RBI remains famously wary about brokers. So much so that brokers are barred from directly dealing on the electronic, screen-based system owned by RBI for G-Sec secondary trades. Called NDS-OM (negotiated dealing system-order matching), orders are matched anonymously, as it happens in the stock market. Direct participants in the market are confined to regulated entities like banks, bond houses, asset managers, insurers and retirement funds — institutions that RBI is comfortable with. Brokers, though regulated by Sebi, remain a dodgy breed in RBI's eyes.

Subscribe to enjoy similar stories. New Delhi: With an eye on China, India is intensifying efforts to expand the number of Geographical Indication (GI) products to scale up exports and secure premium pricing in global markets, two people aware of the development said. GI products play a critical role in export promotion by highlighting the unique qualities tied to specific regions, cultures, and production methods.

Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...

Subscribe to enjoy similar stories. India should be wary of a remodelled European Union (EU) coming down the turnpike. The 27-member bloc, in addition to its internal contradictions, is fraying at the edges with multiple members expressing displeasure openly.