Trends Financial News

traded volatile for yet another session on Tuesday and ended nearly unchanged. After a flat start, the Nifty gradually inched higher for most of the session but sharp profit-taking in the final hours trimmed all the gains. «Rotational participation from the heavyweights is maintaining a positive tone amid consolidation, and we expect this prevailing trend to continue. We are targeting 25,100 in the Nifty and suggest focusing on accumulating quality stocks on dips,» said Ajit Mishra – SVP, Research, Religare Broking.

American consumers felt more confident in July as expectations over the near-term future rebounded

Arabian Sea is allowing the formation of deep cloud systems, leading to extremely heavy rainfall in Kerala in a shorter period and increasing the possibility of landslides, a senior climate scientist said on Tuesday. Extremely heavy rain triggered a series of landslides in the hilly areas of Kerala's Wayanad district early on Tuesday, leaving at least 45 people dead. Many were feared trapped under the debris.

₹41 trillion of public money. The alleged offender, a bond dealer turned equity dealer at LIC, reportedly used accounts of close relatives, including his mother, mother-in-law, and even his deceased father, to conduct these illicit trades. These incidents underscore a sobering reality: where there's opportunity for financial gain, there will always be those willing to bend or break the rules.

Piper Sandler chief global strategist Nancy Lazar unpacks the state of hardworking Americans under record inflation on Making Money.

Vedanta Ltd. traded 1.48 per cent up at Rs 441.8 at around 01:04PM (IST) on Tuesday. The stock had closed at Rs 448.45 in the previous session. Equity benchmark Sensex traded 304.29 points higher at 81660.13 around the same time.

«So, food volumes are likely to grow further. Edible oil might stable at around 8% to 10% instead of 12%. And industry essentials would see same volume growth or little better going forward,» says Angshu Mallick, MD & CEO, Adani Wilmar. I was talking about the volume growth and the trends that we are watching out for in terms of volume growth, do you think this 12% growth is something that is sustainable for the rest of the year or could we expect better growth in FY25? Angshu Mallick: The volume growth has been strong where we clocked one million tonne this quarter. Going forward, we may see such kind of volume, but the Q2 may not see such robust volume growth. Q3 onwards, we are hopeful that edible oil again will have a bigger volume share. Second is that our food business has grown and double digit and a strong double digit we have been doing and there I think this volume will grow further. So, food volumes are likely to grow further. Edible oil might stable at around 8% to 10% instead of 12%. And industry essentials would see same volume growth or little better going forward.

₹2.64 trillion through CDs in the June quarter alone, accounting for about 30% of new deposits. This dependence on CDs, while growing, remains below levels seen in previous credit booms. For instance, between November 2010 and March 2011, facing a similar credit-deposit gap, banks raised ₹5 trillion through CDs, which was double the amount of deposits added during that period.

Shree Cements Ltd. slipped 0.27 per cent to Rs 27165.0 in Tuesday's trade. It hit a high of Rs 27333.15 and low of Rs 26950.1 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 26571.28, while the 50-DMA was at Rs 26953.7. 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.

Sunil Singhania, Founder,Abakkus Asset, and Bharat Shah, Executive Director, ASK Group, in conversation with Nikunj Dalmia of ET Now on the occasion of Prabhudas Lilladher 80th Anniversary. Singhania says the wealth and asset management business is still minuscule and this is a business where at least 25% growth is visible for the next 10-20 years. And 25% growth over 10 years is 10x and if it lasts for 20 years it is 100x. It is a good business as one does not need capital and only needs intellectual capital. There is 100% cash conversion. He says asset management and wealth management companies are going to be some of the biggest wealth creators. What is the next big theme, idea or trend you are betting on? I respect your compliance, we will not talk stocks. But give us where you think there is scope for earnings upgrade, PE upgrade, and where the macros are going to be favourable?

ICICI Prudential Life Insurance Company Ltd. traded 1.29 per cent up at Rs 728.25 on Tuesday at around 01:29PM (IST), while the benchmark BSE Sensex advanced 158.01 points to 81513.85. As many as 18,380 shares changed hands on the counter with a total value of Rs 1.32 crore.

Ashok Leyland Ltd. traded 1.69 per cent down at Rs 251.95 on Tuesday at around 01:24PM (IST), while the benchmark BSE Sensex advanced 203.54 points to 81559.38. As many as 330,848 shares changed hands on the counter with a total value of Rs 8.39 crore.

Havells India Ltd. fell 1.19 per cent to Rs 1816.0 at 12:54PM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap down start to the session. As per data available on BSE, total traded quantity on the counter stood at 16,839 shares with a turnover of Rs 3.07 crore till 12:54PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 81.84, while the price-to-book value ratio stood at 12.75.

Info Edge (India) Ltd. traded at Rs 7088.8 on BSE at 12:23PM (IST) on Tuesday, down 0.14 per cent from previous close. The scrip quoted a 52-week low price of Rs 3973.15 and a high of Rs 7261.55.

United Spirits Ltd. slipped 0.03 per cent to Rs 1420.05 in Tuesday's trade. It hit a high of Rs 1429.8 and low of Rs 1405.75 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 1148.76, while the 50-DMA was at Rs 1272.99. 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.

Bandhan Bank Ltd. rose 1.02 per cent to Rs 220.95 at 11:52AM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 811,442 shares with a turnover of Rs 17.83 crore till 11:52AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 13.86, while the price-to-book value ratio stood at 1.34.

Rising demand for electric vehicles: The Indian government is promoting the adoption of electric vehicles (EVs) through a number of initiatives, including subsidies and tax exemptions. This is expected to lead to an increase in demand for car loans for EVs.Expansion of car loans to Tier 2 and Tier 3 cities: The demand for car loans is increasing in Tier 2 and Tier 3 cities as disposable incomes rise and car ownership becomes more affordable.Digitalization: The auto finance industry is becoming increasingly digitized, with more and more lenders offering online applications and approvals.To further analyze and understand these trends, we need to further delve into the understanding of consumer behavior.

Corporate borrowers are rushing to debt markets to raise cash before a series of central bank meetings kick off around the globe this week.

Arkadios Capital continues its expansion with the addition of two significant advisory teams. Stewardship Wealth Management, based in Texas, has transitioned $325 million in assets to Arkadios, following Gulf Coast Wealth Management’s $850 million shift in June.