ETMarkets Smart Talk: We do notice “pockets of irrational exuberance” in mid and small-cap space: Trideep
While the broader markets are still attractive for investment, there are pockets of irrational exuberance in the mid and smallcap space. He recommends having a balanced multi-cap portfolio across large, mid, and small-cap stocks to navigate the current market conditions. Bhattacharya expects global macro conditions to remain weak in the next 6-12 months but improve thereafter. He suggests investing in sectors with relative earnings resilience, such as manufacturing, lending financials, real estate, electronic manufacturing services, and defense indigenization. Key Points
Economic TimesSensex, Nifty end higher; shares of M&M surge 6%
The S&P BSE Sensex added 253.31 points to reach 73,917.03, while the NSE Nifty50 NSE also saw gains, rising by 79.45 points, to close at 22,483.3. Key Points
India Today2023, a blockbuster year for film industry
Bollywood's resurgence has been driven by diverse content offerings, innovative marketing, and pent-up demand among audiences for experiencing movies on the big screen notwithstanding the rise of streaming platforms, industry executives and experts said. While star-studded films like Gadar 2, Pathaan and Animal did send the cash registers ringing, mid-budget films such as 12th Fail and Sam Bahadur have performed reasonably well. Key Points
Economic TimesProperty values in top cities see highest appreciation in a decade
Strong demand has driven up residential prices in major housing markets, with Hyderabad and Bengaluru seeing the highest annual appreciation for two-bedroom homes, at 15% and 13.5%, respectively, while Mumbai saw a 10.3% increase. Delhi NCR saw an average 12% rise in property values, followed by Pune at 11%, according to a report by NoBroker, India's first proptech unicorn. Key Points
Economic TimesVehicle registrations zoom 21% in December
This growth in monthly registrations was a sharp pickup from the previous two years when the numbers had dropped - by 5.4% in December 2022 and 16.6% in December 2021. It has been driven by robust supply of vehicles, better promotional offers and increased consumer appetite to buy new cars, according to industry insiders. Key Points
Economic Times
M&M Finance share price jumps over 5% after upbeat Q3 results; brokerages raise target price; Should you buy?
M&M Finance’s net interest income (NII) in Q3FY24 rose 10% to ₹1,815 crore from ₹1,650 crore, YoY. NII growth was 8% QoQ. Net interest margin (NIM) stood at 6.8%, down from 7.4% YoY, but improved sequentially from 6.5%. Key Points
mintWhy investing in socially-driven MSMEs is important for investors
Sustainability for MSMEs - MSMEs tend to be more resilient as their existence is important to the communities they are serving. However, they also need more time and hence patient investors to achieve the scale that will provide long-term predictable returns. Key Points
FinancialexpressJSW Steel quarter 3 profit jumps five-fold to Rs 2,450 crore
India Business News: JSW Steel reports a five-fold increase in Q3 profit to Rs 2,450 crore, driven by strong domestic demand. Find out more about their performance and the factors contributing to their success. Key Points
Times Of IndiaBajaj Auto Q3 results today: What to eye in the fineprint; how to trade the stock?
Bajaj Auto Q3 Results: Bajaj Auto Ltd is set to release its Q3 earnings today, with investors optimistic about strong volume growth and operating leverage benefits. The company's shares have rallied over 31% in the last three months, driven by festive demand, easing costs, and a share buyback plan. Key monitorables include core earnings, with net profit expected to rise 33.3% YoY to Rs 1,987 crore, revenue to rise 29% YoY to Rs 12,039 crore, and operating profit to increase 32% to Rs 2,341 crore. Key Points
Economic TimesInox India IPO fully subscribed on strong retail interest. Check GMP and other details
The initial public offer (IPO) of Inox India was fully subscribed on the first day of bidding. The issue was booked 1.17x so far, driven by strong interest from retail and HNI investors. Key Points
Economic Times
Over 24 million people visit websites that let them use AI to undress women in photos: Study
Graphika, a social network analysis company, revealed that a whopping 24 million people visited these undressing websites in September alone, highlighting a troubling surge in non-consensual pornography driven by advancements in artificial intelligence. Here are the details. Key Points
India TodayMaruti Suzuki India to hike prices in Jan, quantum not finalised
New Delhi, Nov 27 (PTI) Marti Suzuki India on Monday said it plans to increase prices of its vehicles in January 2024, citing cost pressure driven by overall inflation and increased commodity rates. The company, which sells a range of vehicles from entry-level small car Alto to multi-utility vehicle Invicto, priced between Rs 3.54 lakh […] Key Points
ThePrintAXA's nine-month sales match expectations, 2023 target on track
AXA (AXAF.PA), Europe's second-biggest insurance company, posted nine-month sales that met analyst expectations on Thursday, driven by higher premiums at its property and casualty division. Key Points
ReutersCipla Q2 Results: Profit jumps 43% YoY to Rs 1,131 crore, revenue rises 15%
The bottomline was higher than the Rs 1,006 crore which was expected by analysts in an ET Now poll. Cipla's consolidated margin came in at 26% during the quarter. Key Points
Economic TimesJapan's Nomura Q2 net profit doubles on solid domestic businesses
Nomura Holdings (8604.T), Japan's biggest brokerage and investment bank, on Friday reported second-quarter net profit doubled, driven by a surge in equity offerings in a strong domestic stock market. Key Points
Reuters
10-year US Treasury yield tops 5% for first time since 2007
The run-up in yields on the 10-year Treasury bond, seen as a safe-haven in times of economic uncertainty and a benchmark for borrowing costs around the world, has been driven by investors pricing in stronger U.S. growth as well as fiscal slippage. Key Points
Economic TimesValiant Laboratories IPO opens today. Should you subscribe to the issue?
The pharmaceutical API industry in India is ranked third-largest globally in terms of volume. It is expected to clock a CAGR of 5-7% between fiscal 2023 and fiscal 2027, largely driven by the demand from domestic formulation manufacturers as well as export markets. Key Points
Economic TimesStock Market LIVE: Sensex, Nifty to be under pressure; SGX Nifty in red
Share Market LIVE Updates: Benchmark indices will start on a negative note amidst negative global cues and SGX Nifty trading lower. Wall Street ended down on Wednesday ahead of a vote on he debt ceiling deal. Asian markets are also trading lower in the morning session. Key Points
MintSensex, Nifty 50 off highs, financial shares lead
Indian equity benchmarks, NSE Nifty 50 and BSE Sensex, witnessed a rise on Tuesday, driven by the financial sector. While trading in a narrow range, both Nifty 50 and Sensex increased by 0.4 percent. The market had concluded with a five-month closing Key Points
Times Of India