Trends Financial News

Stay tunes for more updatesSwiggy IPO GMP todaySwiggy IPO GMP today or grey market premium was ₹0, which meant shares were trading at their issue price of ₹390 with no premium or discount in the grey market according to investorgain.comConsidering the grey market activities from the last 21 sessions, today's IPO GMP is trending downward and is likely to decrease further. The minimum GMP recorded is ₹0, while the maximum GMP stands at ₹25, as reported by investorgain.com.'Grey market premium' indicates investors' readiness to pay more than the issue price.Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision. Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!

Bitcoin (BTCUSD) remains in the spotlight on Tuesday as the pioneer cryptocurrency nears the $90,000 level for the first time.

Subscribe to enjoy similar stories. New Delhi: India now ranks among the top 10 countries globally in the number of patents, trademarks and industrial design applications, according to the World Intellectual Property Organization's (WIPO) 2024 report on IP trends. The World Intellectual Property Indicators report underscores India’s rapid progress in the IP landscape.

Reasons to buyReasons to avoidAlso read: Best HP WiFi printers: Top 8 options for seamless wireless printing solutions for home and office needsThe Canon E477 Wireless All-in-One Ink Efficient Printer is a versatile printer that offers wireless connectivity and high-quality printing. With its efficient ink usage and all-in-one features, this printer is suitable for both home and office use.Reasons to buyReasons to avoidAlso read: Best home printers: Top 10 models for quality printing and convenient home use, all at your fingertipsThe Canon E4570 All-in-One Ink Efficient Printing WiFi Printer is a multifunctional printer that offers efficient printing and wireless connectivity.

Subscribe to enjoy similar stories. New Delhi: Sixtythree indebted companies were given a new lease of life in the September quarter – nearly half the number of distressed businesses to avoid liquidation so far this year. The total number of firms saved under the Insolvency and Bankruptcy Code (IBC) this year is 121, official data showed.

Amit Syngle, MD & CEO, Asian Paints, says the company faced pressure in the overall product mix and sales. All the metro towns and the bigger cities did not do well and even the B2B market, where Asian Paints accounted for 15-20%, did not go the way we anticipated. Industrials was the only segment where they did well. Coming to price hike, Syngle says that given the inflation in the first quarter, they took a price increase in terms of passing it on to the market. They also saw a lot of volatility in terms of the crude prices. The entire paint industry has taken a price increase and the full realisation of the price increase will happen in Q3. In Q2, your peers had managed to report a volume growth between 4% and 9%. But your numbers were clearly a bit of a miss. In fact, the volumes declined by half a percent. What led to this divergence because we usually do not see Asian Paints performing so badly versus its peers. What led to that? Amit Syngle: As we look at the last quarter, we have just touched our base in terms of the volume terms and the value has also been negative. July was good for us but then all the rainfalls and floods that came in August, were not very well distributed across the country. So, we saw a muted demand coming in both August and September and given that the seasonal component in overall our sales is very high, we saw that in all the seasonal markets, and faced pressure in our overall product mix and the overall sale.

e-commerce, logistics and the delivery sector, demand for gig workers rose to its highest in six years to over 1.2 million gig roles posted during the 2024 festive season, a report by recruitment service provider Avsar found. In 2024 the demand for gig workers surged by 10% compared to 2023 according to the Gig Workers Report. “This festive season, we’re seeing more than just a spike in gig roles–it’s a transformation in how people and companies are approaching work,” said Navneet Singh, founder of Avsar.

Subscribe to enjoy similar stories. Shares of Steel Authority of India Ltd (SAIL) have dropped around 6% since the company reported weak September quarter (Q2FY25) results on Thursday. A downward revision in the FY25 sales volume guidance has likely added to the negative sentiment.

Tata Power Company Ltd. traded 2.69 per cent in Tuesday's session at 01:08PM (IST). The stock opened at Rs 431.55 and has touched an intraday high and low of Rs 436.25 and Rs 418.50, respectively, during the session so far. The stock quoted a 52-week high of Rs 494.85 and a 52-week low of 251.40. About 487,800 shares changed hands on the counter so far.

Avenue Supermarts Ltd. 0.47 per cent to Rs 3868.00 in Tuesday's trade as of 01:02PM (IST) even as the benchmark Nifty ruled at 24024.35, 116.96 points. The scrip had closed at Rs 3886.35 in the previous session. The stock quoted a 52-week low of Rs 3645.65 and a high of Rs 5484.00. The company quoted a market-cap of Rs 251862.98 crore on the BSE.

US policy landscape, though may be also reflected in valuations as markets have been anticipating the outcome,” says Gautam Chhaochharia — Head of Global Markets, India – UBS. In an interview with ETMarkets, Chhaochharia said: “IT Services sector may potentially benefit from US corporate tax cuts and thus higher spending, despite some worries around Visas” Edited excerpts:

Subscribe to enjoy similar stories. After a turbulent October marked by widespread selling across stock markets, some sectors are beginning to show signs of recovery, with the railway sector standing out. Despite a steep downturn in many railway stocks—some dropping over 20% from recent highs—the sector appears poised for a technical reversal, particularly in the short-term trend.

Trump 2.0 regime, said a SBI research report, even as the local currency hit its all-time low on Monday. The report, titled US Presidential Election 2024: How Trump 2.0 Impacts India's and Global Economy, emphasised that the rupee can have a brief spell of depreciation against the US dollar, followed by appreciation. Donald J Trump's historical comeback as the 47th President of the United States adds a morphine shot to the markets and select asset classes even as the focus is now shifting to wider economic ramifications and supply chain realignments, the report said.

The underlying trend of Nifty remains choppy with weak bias. The market is moving in a broader high low range of 24,600-23,800 levels. Having declined from the upper range recently, Nifty is expected to witness an upside bounce from near the lower range of 23,800 levels in the short term. Immediate resistance to be watched around 24,300, said Nagaraj Shetti of HDFC Securities.

stocks rallied as much as 15% in Mumbai trading on Monday even as equity benchmarks, BSE Sensex and NSE Nifty, traded in the amid brisk in frontline bluechip counters. Stocks that surged in excess of 15% included, Sujala Trading(20.00%), PPAP Automotive (20.00%), Pix Trans(19.99%), VCU Data Mgmt(19.97%) and Devki Leasing(18.42%).

Subscribe to enjoy similar stories. Page Industries Ltd’s investors seem confident after its September quarter (Q2FY25) results beat expectations on key parameters. The stock hit a new 52-week high of ₹48,393.70 on Monday and has been up about 5% since the results were announced on 7 November.

Despite a dividend payout of more than ₹12,000 crore during the quarter, the company managed to bring down its debt on a sequential basis by using proceeds from its QIP issue, funds from the stake sale in Hindustan Zinc, and its free cash flow. Net debt fell to ₹56,927 crore at the end of the September quarter from ₹61,324 crore a quarter ago. The net debt is lower than the previous year’s ₹57,771 crore as well.

White House will find itself already on the losing side in a trade battle with China, part of a bigger power realignment around the resource-rich region in Washington's backyard. Peru, the world's no. 2 copper exporter, is set to host Asia-Pacific Economic Cooperation leaders this week, with China's President Xi Jinping expected to attend and inaugurate a major new Chinese-built port in the country. Outgoing U.S. President Joe Biden is also on the guest list. Peru reflects a wider challenge for the White House around South America, where China's presence has grown rapidly given its huge appetite for the region's main exports: corn, copper, soy, beef and battery-metal lithium.

AMFI data. Inflows into debt funds also turned positive with Rs 1.57 lakh crore net investment versus Rs 1.13 lakh crore outflow in the previous month. In the equity segment, all categories received inflows. Sectoral and thematic funds continued to gain investors’ interest and received the highest inflow of around Rs 12,278 crore in October. Flexi cap funds saw Rs 5,180 crore inflows against inflows of Rs 3,214 crore in September.

«So, the early trends are very encouraging. And if we had to compare Nifty and Bank Nifty, then Bank Nifty looks really good and is in a good position to touch new 52-week highs,» says Aditya Arora, Adlytick. It looks like this week, unlike the previous weeks, we started on a good foot. But where do you see the markets trading at this point in time, the range that you are seeing for the benchmarks? Aditya Arora: We can see that on the screen and what I like today is the leadership in a lot of largecaps and the leadership by banking name, which is pulling Bank Nifty almost 1000 points higher, Nifty almost 200 points higher. So, the early trends are very encouraging. And if we had to compare Nifty and Bank Nifty, then Bank Nifty looks really good and is in a good position to touch new 52-week highs.

Vinit Sambre, Head-Equities, DSP Mutual Fund, says the visibility of good growth, cash flows, ROEs going forward over the next one or two years is going to get rewarded as there is an overall slowdown in the earnings. Within each category, it is going to be pretty stock specific because there is a significant divergence in the performance across the same categories across different companies. There is a good outlook on the consumer discretionary category as cyclical recovery should see that category doing well going forward. Sambre is positive on the banking sector and says the IT sector looks decent. He likes QSRs and says consumer discretionary is something they believe in long term. Sambre says there are sectors like utilities, and some engineering companies, which are trading at expensive valuations where he is a bit more wary about taking high exposures. What explains the market mood that we are in and when do you expect a reversal of sorts? Is it likely to happen in a few weeks or is it a matter of a few months before we see a resumption of the uptrend? Vinit Sambre: When we look at the markets over the last couple of weeks, there is good weakness which has happened.