Wellness Financial News

Stock market today: Shares of Evoq Remedies Ltd are one of the small-cap stocks that are priced below ₹50 in the Indian stock market. The small-cap stock below ₹50 has informed Indian exchanges that it has received an export order worth ₹136 crore, which has attracted the attention of market investors. The pharma stock informed BSE about the export order on Wednesday and the stock immediately touched the 20 per cent upper circuit after the outbreak of this stock market news.

cross-border linkage is active for the major UPI apps such as BHIM, PhonePe and Paytm. The new functionality is set to enable Indians to receive remittances from Singapore-based Indian diaspora directly into their bank accounts. This facility can be accessed by users of BHIM, PhonePe, and Paytm apps.

Also Read: Budget 2024: Industry status, more tax deductions, affordable housing boost among key expectations of real estate sector Among key measures sought by the coworking industry include lower GST rate for small-scale clients which is expected to help the industry boost their footprints by attracting small start-ups to be part of the industry as well as increase the revenue collection to the government. “The salary upper limit of ₹25,000 could be enhanced to ₹40,000 and timeline from 3 years to 5 years to enable start-ups/coworking entities to enjoy the benefit of Section 80JJAA as these industries are generating a greater volume of employment," said Manas Mehrotra, Founder, 315Work Avenue.

Motilal Oswal Financial Services. The brokerage firm highlighted data spanning six months before and after the general election results of the last five elections (1999, 2004, 2009, 2014, and 2019) which indicates a consistent upward trend in the benchmark index Nifty50.

₹36 apiece level. Since then, it has remained an idea 'buy on dip' stock for investors. However, it seems that the stock still has some upside potential.

Congress turned down the invitation for the 'Pran Pratistha' ceremony of Ram Temple, scheduled to be held on January 22, after which the Bharatiya Janata Party leaders have slammed the grand old party, terming it «unfortunate, painful and shameful.» Earlier on Wednesday, Congress declared that it would skip the massive inauguration ceremony being planned for the Ayodhya Ram Temple, saying it was a «political project» of the BJP and Rashtriya Swayamsevak Sangh. Reacting to the issue, BJP MP Ravi Shankar Prasad said that the 'Pran Pratistha' ceremony of Lord Ram is a matter of joy for the whole nation.

Salaar: Part I Ceasefire has been running in cinemas for twenty days now. The movie has neared the ₹400 crore mark in box office collections, after performing well on its first 19 days at the box office. According to Sacnilk, Salaar: Cease Fire - Part 1 earned around 2.00 Cr India net on its twentieth day for all languages.

interim Budget 2024 is unlikely to be about any major announcement but the government could showcase what it has achieved in the past 10 years, believes Abhijit Bhave, CEO & MD of Equirus Wealth in a telephonic interview with Livemint. He also shares his views on the sectors and fund categories that could do well in the Calendar Year 2024. About the broader market index, he asserts that there are grim chances of the repeat of the ongoing bull run of 2023.

Vedanta parent company Vedanta Resources, according to a recent report from brokerage house Nuvama Institutional Equities, removes a significant overhang on Vedanta stock. Vedanta's target valuation should be increased, as supported by the debt restructuring.

South Carolina was found dead in their bedroom after authorities discovered a heater in the home had reached 1,000 F (about 538 C).Police in Spartanburg, S.C., said they visited the home of Joan Littlejohn, 84, and Glennwood Fowler, 82, during a wellness check on Saturday around 6 p.m. Local reports said the couple’s family members requested the visit because they had been unable to contact the couple for the previous three days.Officers said medical officials entered the home through a bedroom window.

Legendary investors like Warren Buffett and a few others have spent decades in financial markets. They know the markets very well and have created a fortune for themselves and their investors. So, when these legendary investors speak, the entire financial community is all ears. In fact, so many investors have created wealth for themselves just by following the advice of these legendary investors. Are you about to start your investment journey in 2024? Here are some famous quotes from these legendary investors and the message/learning from the quotes that can help you shape your investment journey.

Worldcoin has recently announced the launch of its World ID verification services in Singapore. This marks a significant milestone in the expansion of the company's identity verification technology. Utilizing the Orb, a custom hardware device, participants can now easily verify their unique humanness. This launch is particularly notable as it comes after Worldcoin scaled back its operations in India​​​​​​.

eastward enlargement, once dormant policy areas, are now priorities—giving a new voice to Ukraine’s neighbours in central Europe. The rise of China, and the prospect of resurgent Trumpism in America, has caused the EU to rethink its economic arrangements—often along statist French lines. Climate imperatives have reinforced the value of taking action at collective level—an approach favoured by the EU’s quasi-federal institutions in Brussels.

Info Edge Ltd (Naukri), part of the consumer service industry, has been trading above the breakout level of a Cup and Handle pattern on the daily charts. Short-term traders can look to buy the stock for a possible target of 5900 in the next 6-8 weeks, suggest experts. The stock gave a breakout from a Cup and Handle pattern in December 2023. The neckline of the pattern was placed around 4900-5000 levels.

A stable economy, coupled with impressive tax collections in GST as well as advance income tax should give the current government the power to maintain its capex investments in the Budget, says Vinay Jaising, managing director and co-head, portfolio management services at JM Financial Services. “Capex investments have grown 5.6x in the last decade and now account for 3.3% of the GDP. This should enhance in both the interim and the final budget for the year,” Jaising said in an interview with ETMarkets. He also believes that 2024 would be the year for Indian equities on both an absolute and relative performance basis versus the rest of the world. Edited excerpts: With 2023 turning out to be one of the best times for Indian equities, did your manage to generate alpha returns for your clients? Vinay Jaising: In the last year, three out of four of our Discretionary platforms, which have over a year of history, outperformed the benchmark BSE 500 TRI Index handsomely from 2.6% to 6.9%; with the fourth being largely a market performer.

Kunj Bansal, NISM, says “the benefit of investment into the core areas, into the infrastructure, into highway, into manufacturing will get passed on in terms of increased standards of living, higher earning standard of people, higher earnings, increased disposable income and things like that which will result into increased consumption.” If we have to become the third largest economy, which are the sectors that will be the biggest contributors in the next leg of growth? Kunj Bansal: For any economy to grow sustainably over a period of time, investments are very critical into the infrastructure areas, capital goods and manufacturing. Of course, these will be the critical areas where a lot of investments will have to go in. The derived impact of these automatically comes from the consumption areas. So the benefit of investment into the core areas, into the infrastructure, into highway, into manufacturing will get passed on in terms of increased standards of living, higher earning standard of people, higher earnings, increased disposable income and things like that which will result into increased consumption. So that obviously will give a boost subsequently to consumer durables, consumer goods, textiles, passenger vehicles, two wheelers and things like that. Having said that, let us also not forget that India, while the contribution to the GDP from agriculture is third in terms of ranking, we have highest from service then from manufacturing and from agriculture around 20%.

Listed major auto OEMs in India have varied businesses that makes it difficult to play the EV theme through them, says Kumar Rakesh, IT & Auto Analyst, BNP Paribas. «However, some of the auto component manufacturers have started building capabilities in the EV value chain and could be a key beneficiary of increased localisation of EV components in India,» he says in an interview with ETMarkets.com. Edited excerpts: Now that you have the December sales numbers, what is the broad outlook on the earnings of auto companies in Q3? Where do you think the good news will come from? Kumar Rakesh: On Q3 earnings, our sense is that 2W and 3W companies will outperform the PV OEMs and can see earnings growth of 25-30%, while PV OEMs can see a potential earnings growth of low double digits. This was on back of the strong festive demand for both PVs and 2Ws, albeit a higher base of PVs while a low base effect for 2Ws. Tractors were weak in Q3 and could see earnings degrowth, while CVs could see low-mid single digit earnings growth. While we see all the festive cheers already factored in the earnings expectation and the recent share price rally, we see a further recovery, especially in the rural segment can bring in some good news, especially for 2W players like HeroMotoCorp. However, more pain from the entry segment PV sales and increasing discounts can be potential negatives to watch out for.

Siddhartha Khemka, Head of Retail Research, MOFSL, says “while the base would catch up and the pace of growth would marginally come down, we see strong earnings growth momentum which would continue to drive stocks and hence we do not have a cash call right now. Earnings for several sectors which have been sluggish for the past several years, have been picking up. These are sectors like automobiles, real estate, capital goods, infra, industrials, utilities, hotels.” What is the portfolio strategy right now? Is it time to book some profits, keep some cash dry on the side, or would you continue deploying fresh money in individual stocks? Siddhartha Khemka: The overall view on the market continues to be strong and positive. In terms of earnings, the earnings momentum has been pretty strong in the first half. H1 of FY24, we have seen a 30% earnings growth in the Nifty earnings and the overall asking rate for the full year is still in excess of 20%. So, while the base would catch up and the pace of growth would marginally come down, we see strong earnings growth momentum which would continue to drive stocks and hence we do not have a cash call right now.

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Standard deduction is one of the most widely used deductions as salaried taxpayers can claim it without making any investments. There has been a longstanding demand to increase the standard deduction limit. The demand has become louder after standard deduction was made a part of the new income tax regime last year. It has been almost five years since standard deduction was revised; the previous instance was in 2019. Though 2024 will see only an interim budget, middle-class taxpayers are eagerly hoping Finance Minister Nirmala Sitharaman will roll out some tax sops. Will the Budget 2024 raise standard deduction from Rs 50,000? This is what experts are saying:

Rajnath Singh on Wednesday said Beijing's perspective has altered drastically with the emergence of New Delhi as a 'strategic power'. «A columnist for the Global Times, which, in a way, is a mouthpiece for China, published an article with the headline 'What I see about Bharat narrative in India'. This article is a ringing affirmation of the changing Chinese perspective on India.