Wellness Financial News

Motilal Oswal, which has increased its weightage on the sector while effecting notable tweaks in energy and industrials. The changes have been made in view of Q3FY24 earnings, with rate cuts by global central banks, political continuity and institutional inflows providing the undercurrent.

Temple or hospital? If you want education and want to become an officer, MLA, or MP, will you go to a temple or school? Fateh Bahadur Singh (RJD MLA) said the same thing that had been said by Savitribai Phule. What is wrong here? He quoted Savitribai Phule.

Nuvama Wealth Management, Nifty earnings may grow 10 per cent year-on-year (YoY) in Q3FY24. The brokerage firm pointed out that the gap between the top line and profits is now narrowing and given the high base, earnings are likely to moderate further in Q4FY24. "The strong first half of the financial year 2024 (H1FY24) has ensured limited downside risks to FY24 earnings," Nuvama said.

Investing.com — European stock markets traded in a mixed fashion Monday, with risk appetite subdued at the start of a week that includes the release of key inflation data from the U.S., Japan and China. 

Baldev Prakash, MD & CEO, J&K Bank, says “retail growth is coming from our home territory, that is Jammu and Kashmir and Ladakh. And in retail also, the home loan segment is picking up. We are clocking a growth of over 20% in home loans and corporate growth is coming from the rest of the country segments, basically all the good corporates. That is the strategy we followed last year and we continue with that study.” What is the outlook when it comes to overall advances growth in terms of any sort of projections or any particular space where you have seen a little bit of weak growth when it comes to your advances? Baldev Prakash: As far as advances growth is concerned, our guidance was around 15% to 17% and we are confident of maintaining the guidance. This quarter also, on the net advances basis, it should be 15% plus.

Venugopal Garre, MD, Bernstein, says, “the return expectations have to be a bit more modest this year from equities and unless we see any further sudden surprises coming in later in the year. That is how we're starting the year with an 8% Nifty return expectation for this year. We are essentially saying that book profits right now wherever you can because it could be a range-bound in a volatile market especially in the sort of a near term. Not really changing a three-year or a long-term outlook where we are still extremely bullish on India from a long-term perspective.” We have had a good 2023. How much of the 2023 good market, good momentum will spill over to 2024 as well? Are we in for another year of positive returns? Venugopal Garre: Yes, last year was exceptional but I think at the beginning of last year, there was a lot of uncertainty. I do not think this call for last year was something which was conceived at the beginning of last year. In fact, we ourselves upgraded India only at the fag end of March and early April to a buy. Now the reality is that given the fact that we are sitting with a lot of gains last year and more importantly, as I see a lot of the base support especially for the economy to a large extent is behind.

Bank of Baroda slipped 3.49 per cent to Rs 226.25 in Monday's trade as of 01:54PM (IST). It hit a high of Rs 231.6 and low of Rs 225.45 during the session. The stock quoted a 52-week high price of Rs 240.0 and a low of Rs 146.5.

mutual funds saw an inflow of nearly ₹17,000 crore in the month of December, revealed the data released by the Association of Mutual Funds in India (AMFI) on Monday. Out of the total equity inflow, nearly ₹3,857 crore was into small-cap mutual funds vis-a-vis ₹3,699 crore in the previous month. At the same time, mid-cap funds saw a fall from ₹2,665 crore in November to a nearly half figure of ₹1,393 crore in December.

Germany is facing a dearth of skilled nursing staff as there are not enough qualified nurses available to meet the high level of demand. Experts anticipate that approximately another 500,000 nurses will be needed by the year 2030. Moreover, the scarcity is expected to exacerbate in the medium and long term due to demographic shifts. The Triple Win Programme was established in 2013 by the German Federal Employment Agency's International Placement Services (ZAV) and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH for the migration of qualified nurses with German companies. Think you check all the immigration boxes? Find out The project facilitates migration of healthcare personnel from India (specifically from Kerala), Indonesia, the Philippines, Bosnia and Herzegovina and Tunisia. The collaborative efforts of the Federal Employment Agency and GIZ involve the placement of skilled nurses from overseas to work in Germany. The program operates under an agreement between the German Federal Employment Agency (BA) and Norka Roots, focusing on the selection and placement of nursing professionals.

Bitcoin (BTC) jumps to $45,000 as investors anticipate the approval of Bitcoin ETF in the United States. Meanwhile, one of the new Defi projects, Borroe Finance ($ROE) is changing the world of Web3 business funding and EOS garners attention. 

₹6.50, and in Pune, the egg rates have spiked up to ₹7-7.50 per piece. Last year, wholesale egg prices in Pune were at ₹6.44. How people can keep their investments less vulnerable to events in 2024 The whole prices of eggs were high in other Indian cities as well.

Also Read: MSCI EM Index: India surges to second place; weightage likely to cross 20% by mid-2024 CLSA believes that Nifty is trading at earnings multiples that have historically led to reversals. “India is now the most expensive of the world’s largest markets and the only one trading in the top decile of its historical trading range. In fact, 15 out of the top 19 global markets are trading below their historical average valuations.

Golden Globe Awards.This year’s Globes are a star-studded affair, with the likes of Dua Lipa, Matt Damon, Don Cheadle, Elizabeth Banks, Jared Leto, Jodie Foster and more all slated to present awards, as well as Emily Blunt, Taylor Swift, Oprah Winfrey, Bradley Cooper, Meryl Streep and other Hollywood heavyweights walking the red carpet.Red, pink and white gowns reigned supreme for the ladies, while the men mixed it up with suits adorned with plenty of unexpected details.This marks the 81st year for the Globes, which aim to honour the best of television and film.Who else decided to take a stroll down the 2024 Golden Globes red carpet? Keep scrolling to see some of the best and boldest celebrity looks from the show.

Sanjiv Bhasin, Director, IIFL Securities, says “for this quarter, it will be Indus Tower on the back of results, on the back of positive developments on Idea. SW Solar is my stock for the year. Do not sell it for less than Rs 750. Their book is doing extremely well. It is a debt-free company. It has an order inflow of almost Rs 40,000 crore in FY24-25 with not a single order from the parent. There is a 12% MVP margin. This stock can be an outperformer from here. And last but not least, DCB Bank.” What exactly is the strategy going to be when it comes to largecap IT? We were just mapping out the one-year returns of individual IT stocks and very diverging moves for instance between an HCL Technologies versus an Infosys. How are you looking at identifying some of the winners in particular within the IT space for the year ahead? Sanjiv Bhasin: HCL Tech has been one of our top picks along with Persistent and LTTS. We still think that combination is going to work excellently. HCL Tech's numbers will be by far the best we have seen in the largecaps. But now we have upgraded Wipro. We think Wipro is going to be a key outperformer in the sense that a large part of the domestic government contracts are going to come online and they are gaining more and more contracts on that basis. They are very well equipped for that.

By Joey Roulette

diversification is another effective tool. By spreading your investments across various asset classes (such as stocks, bonds, and real estate) and diversifying within each asset class (exploring different sectors and industries), you can reduce risk and create a more stable return pattern. Additionally, you might consider delving into alternative investments such as commodities, gold, or assets designed to guard against inflation if you seek a degree of protection amid economic turbulence.

In view of the banks raising their fixed deposit (FD) interest rates in the recent past, investors are recommended to lock some of their savings in fixed deposits (FDs) at the prevailing high rates.

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A look at the day ahead in European and global markets from Wayne Cole.

Day trading guide for today: Despite weak global market sentiments, two out of three key benchmark indices of the Indian stock market finished higher on Friday. Nifty 50 index added 52 points and closed at the 21,710 level, and BSE Sensex regained the 72,000 mark by adding 178 points in the last session of the week gone by. However, the Bank Nifty index went off 36 points and finished at 48,159 level.