Week Financial News

Domestic benchmark index NSE Nifty ended 181.15 points up at 19411.75, while the BSE Sensex closed 594.91 points up at 64958.69. On the other hand, Chembond Chem, IFGL Refractories, Industrial Invst, Noida Toll Brid and Bajaj Hindusthan Su stocks hit their fresh 52-week highs today.

Inox Wind Ltd gained more than 11% in intraday trades on Monday scaling 52 week highs. The move was propelled NTPC Renewable Energy Ltd. (NTPC REL), the customer of Inox Wind Ltd announcing the successful commissioning of 50 MW out of 150 MW Dayapar Wind Energy Project Phase-I in Gujarat.

By Ankika Biswas

Investing.com — The U.S. dollar edged lower in early European trade Monday, falling to a six-week low and extending last week’s declines on the back of a less hawkish stance from the Federal Reserve. 

Multibagger stock: South West Pinnacle Exploration shares are one of those stocks in Indian stock market that has delivered stellar return to its shareholders in post-Covid rebound. In last three and half years, this stock has risen from around ₹12 apiece levels to ₹184.20 per share levels, delivering to the tune of 1,450 per cent return to those who did bottom fishing during Covid-19 sell off. However, it seems that South West Pinnacle Exploration share price still has some steam left.

Bitcoin (BTC) begins the second week of November still holding strong near 18-month highs — where might BTC price moves head next?

Rekha Jhunjhunwala portfolio: DB Realty share price has been in continuous uptrend after ushering into the new financial year 2023-24. After bottoming out at around ₹60 per share levels at the end of March 2023, this Rekha Jhunjhunwala stock today climbed to a new 52-week peak of ₹182.50 on NSE, delivering around 200 per cent return in FY24.

₹19,500-18,800 with a negative bias. As the market outlook for the near term is uncertain, experts recommend buying technically and fundamentally sound stocks at the current juncture. Based on the recommendations of several experts, below are 12 stocks that one can consider buying for the next three to four weeks.

Investing.com-- Most Asian currencies strengthened on Monday, while the dollar hovered near six-week lows as softer-than-expected U.S. payrolls data and less hawkish signals from the Federal Reserve drove up bets that the bank was done raising interest rates.

Investing.com — Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: Tesla wins autopilot court battle; BP Pulse makes $100M deal; and China EVs report October delivery numbers.

Hong Kong FinTech Week 2023

Stocks on Wall Street soared on Friday, with the major averages scoring their best week of 2023, after weak jobs boosted hopes that the Federal Reserve could be done with its interest rate hiking campaign.

Varun Beverages, Power Grid Corporation, Shree Cements, Tata Power, Adani Ports, LIC, ONGC, Eicher Motors, RVNL, and M&M, will be releasing their September quarter report cards this week. Here’s a list: November 6 Varun Beverages, Divi's Laboratories, Adani Energy Solutions, Max Healthcare Institute, Linde India, NHPC, Bharat Forge, The Fertilisers and Chemicals Travancore, Nykaa, Hindustan Petroleum Corporation, AIA Engineering, Honeywell Automation India, KPR Mill, Gland Pharma, Emami, Exide Industries, Hitachi Energy India, Radico Khaitan, R R Kabel, Gujarat State Petronet, Bajaj Electricals, Bikaji Foods International, BLS International Services, Redington, Zydus Wellness, Sun Pharma Advanced Research Company, Sobha, Ujjivan Financial Services, Quess Corp, HG Infra Engineering, Borosil Renewables, V-Mart Retail, Paras Defence and Space Technologies.

Dalal Street. In the week gone by, equities ended positive as dovish comments from the US Federal Reserve eased bond yields and reduced the risk-off mood in the market. Global markets will, therefore, continue to be watched for cues in early trade. “The resilience of the global markets will be crucial in determining the sustainability of this positive momentum,” said Santosh Meena, head of research, Swastika Investmart. On the derivatives front, FIIs short exposure in index futures is still at an elevated level of 82%; therefore, there is scope for a significant short-covering rally, Meena said.

IPOs Next Week: The primary market witnessed some major listings in both main board and small- and medium-sized enterprise (SME) segments last month, which kept investors engaged with subscriptions and listings. Moving on, November too sees strong market buzz - similarly packed with new listings and initial public offering (IPO) issues, that are available for subscription. In the primary market last week, mainboard IPO of Cello World, Honasa Consumer and ESAF Small Finance Bank opened to raise ₹4,064 crore.

Also Read: Over 45 smallcap stocks gain 10-40% as Sensex snaps 2-week losing streak; do you own? On Friday, domestic equity benchmarks Nifty 50 and Sensex ended higher for the second consecutive session amid positive global cues as the risk appetite of investors improved on hopes that the end of monetary policy tightening is near. Nifty 50 closed at 19,230.60, up 97 points, or 0.51 per cent and Sensex closed at 64,363.78, up 283 points, or 0.44 per cent. In the broader market, the BSE smallcap gauge jumped 0.94 per cent while the midcap index climbed 0.71 per cent.

APJ Abdul Kalam Past entered the father-in-law of the prime minister of Britain, a country whose industriousness that led to the Industrial Revolution ultimately gave way to a Catholic work ethic in entities like Boris 'Parta-a-ay!' Johnson. NR Narayana Murthy, nice man and one of the seven Infosages, publicly 'requested' that 'our youngsters must say, 'This is my country.

BSE Sensex snapped its two-week losing streak and gained nearly one per cent, supported by the US Federal Reserve's rate pause which triggered a rise in global equities and a sharp correction in US bond yields. While geopolitical risks on the Israel-Hamas war persist, they have had limited impact on the market's overall trajectory. The resilience of the global markets will be crucial in determining the sustainability of the positive momentum, according to analysts.

Dividend Stocks: Shares of several companies will trade ex-dividend in the coming week including Dabur India, Indian Oil Corp (IOC), Petronet LNG, RITES, Indian Railway Finance Corp (IRFC), among others will trade ex-dividend in the coming week, starting from Monday, November 6. The ex-dividend date is the day on which the equity share price adjusts to reflect the next dividend payout. It is the day the stock becomes ex-dividend, which means it does not carry the value of its next dividend payment from that day forward.

«Real estate stocks have gained in the current week and Brigade is looking very promising. If we analyze the overall structure, the stock is in an uptrend and almost enjoying its all-time high trajectory,» says Rajesh Palviya, Axis Securities. Edited Excerpts: The market seems to be climbing the wall of worries and the wall really was 19,000 for Nifty50 and 43,000 for Bank Nifty. Now that we have surpassed those levels, do you believe that this momentum will continue and which are the next levels that we should be looking out for?

GST collections stood at ₹1.72 lakh crore for October 2023, a jump of 11% compared to the same month last year. UPI recorded an all-time high of 11.41 billion transactions amounting ₹17.16 trillion in October 2023, reporting an 8% jump in volume from the previous month.