Maharashtra Election Result: experts recommend the stocks to buy on Monday
Sat, Nov 23, 2024 9:03 PM

Maharashtra Election Result: experts recommend the stocks to buy on Monday

As the BJP-led NDA is all set to form the next government in the State of Maharashtra, stock market experts are busy guessing the possible changes in investors' investment strategy. Experts have recommended these 10 stocks to buy- đź’°RVNL, đź’°IRFC, đź’°Railtel, đź’°IRCON, đź’°SBI, đź’°Canara Bank, đź’°J&K Bank, đź’°ICICI Bank, and đź’°HDFC Bank

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Norway $1.8 Trillion Fund’s CEO Sees Rare Political Unity as Key
Sat, Nov 23, 2024 8:55 PM

Norway $1.8 Trillion Fund’s CEO Sees Rare Political Unity as Key

Norway’s $1.8 trillion sovereign wealth fund benefits from a rare consensus among its political masters, according to Chief Executive Officer Nicolai Tangen, unlike other countries which are exploring such an option. “We have a very constant investment philosophy and I think that’s really one of the success factors behind the fund,” Tangen said, speaking in a Bloomberg TV interview.

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Saudi Aramco unit in talks to invest $1 bn in US software maker Mavenir
Sat, Nov 23, 2024 8:48 PM

Saudi Aramco unit in talks to invest $1 bn in US software maker Mavenir

Saudi Aramco’s digital arm is in talks to take a significant minority stake in Mavenir, in a deal that is likely to value the U.S. telecommunications software maker at about $3 billion, people familiar with the matter told Reuters on Friday. Aramco Digital is in talks to invest about $1 billion in Mavenir and a deal is likely to be signed before the end of the year, the sources said.

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Robust capex leads to surge in Adani Group's gross assets
Sat, Nov 23, 2024 8:45 PM

Robust capex leads to surge in Adani Group's gross assets

Adani Group's gross assets swelled by â‚ą75,277 cr in the first half of this fiscal year as the diversified conglomerate accelerated capital spending across projects, said people close to the matter. Gross assets are on track to reach a record â‚ą1.2 lakh cr by March-end, the people said. The surge in assets sparked a 7% or â‚ą16,882 cr increase in gross debt in the fiscal first half to â‚ą2,58,276 cr.

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Solana and Altcoins Had a Massive Week
Sat, Nov 23, 2024 8:44 PM

Solana and Altcoins Had a Massive Week

The crypto market continues to be on fire with values ripping higher across the board this week. But the biggest movers weren't Bitcoin or meme coins, it was altcoins that are trying to go mainstream. According to data provided by S&P Global Market Intelligence, Solana (CRYPTO: SOL) is up 21.2% over the past seven days as of noon ET on Friday, XRP (CRYPTO: XRP) is up 67.2%.

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Retail Stocks Soar Into the Holidays as Gap Leads Wall Street Rally
Sat, Nov 23, 2024 8:41 PM

Retail Stocks Soar Into the Holidays as Gap Leads Wall Street Rally

Retail stocks went on a run Friday- with Gap leading after CEO Richard Dickson’s turnaround plans showed signs of traction. Gap’s stock was up 12.8% to $24.87. Gainers included Macy’s, up 8.2% to $16.30; Abercrombie & Fitch, 7.4% to $152.07; Victoria’s Secret, 6.1% to $37.09; VF Corp., 5.1% to $19.74; PVH Corp., 4.4% to $103.87; Tapestry, 4.4% to $58.91, and Urban Outfitters, 4.3% to $38.98.

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Nvidia continues its march to a $4 trillion stock-market valuation
Sat, Nov 23, 2024 8:36 PM

Nvidia continues its march to a $4 trillion stock-market valuation

Nvidia's remarkable third-quarter earnings report solidifies its march towards a $4 trillion valuation, driven by strong execution, a sound plan, and growing demand in automotive, gaming, and AI PCs, with major cloud providers and a potentially warmer climate for big M&A deals under the Trump administration.

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US Debt Load Tops Fed’s Survey of Financial Stability Risks
Sat, Nov 23, 2024 8:33 PM

US Debt Load Tops Fed’s Survey of Financial Stability Risks

The US government’s debt load is now seen as the biggest risk to financial stability, outweighing persistent inflation in a Federal Reserve survey. “Concerns surrounding US fiscal debt sustainability were atop the list this survey, followed by escalating tensions in the Middle East and policy uncertainty,” the Fed said in its semi-annual financial stability report.

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Supermicro Stock Jumps 12% Friday to Cap Off a Wild Week
Sat, Nov 23, 2024 8:32 PM

Supermicro Stock Jumps 12% Friday to Cap Off a Wild Week

Super Micro Computer shares surged 12% Friday to cap off a week that saw the stock rise nearly 80%. The gains came in the wake of a shoutout from partner Nvidia in the chipmaker’s earnings call Wednesday. Supermicro's plan still requires approval from the Nasdaq, with Mizuho analysts telling clients the approval process could take between two and five weeks.

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Cryptos targeted by regulation are soaring on SEC chair's plan to step down
Sat, Nov 23, 2024 8:30 PM

Cryptos targeted by regulation are soaring on SEC chair's plan to step down

Tokens in the crosshairs of the SEC are rallying after chairman Gary Gensler said he would resign. Ripple's XRP token traded over 28% higher Friday morning on the news. Gensler will step down on January 20th, the day Donald Trump takes office. While bitcoin shoots toward a historic six-figure price, smaller cryptocurrencies are enjoying their own rally on coming changes to the US SEC.

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Three BofA bankers in India leave amid probe into stock sale, source says
Sat, Nov 23, 2024 8:28 PM

Three BofA bankers in India leave amid probe into stock sale, source says

Three Bank of America investment bankers in India have left the company as it probes allegations of wrongdoing over stock sales, a source familiar with the matter said. A whistleblower complaint alleged that Bank of America shared non-public information with some investors before it sold roughly $200 million worth of stock for some clients in India, according to a WSJ report in September.

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Black Friday puts consumer spending in market's glare
Sat, Nov 23, 2024 8:19 PM

Black Friday puts consumer spending in market's glare

The health of the U.S. consumer and the retail sector will be in focus in the coming week, as Black Friday kicks off a holiday shopping season that could shed light on how buyers are grappling with higher prices. The benchmark S&P 500 rose 1.7% in the past week and approached all-time highs as investors digested the end of a solid third-quarter corporate reporting season.

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36 smallcaps shine with double-digit gains
Sat, Nov 23, 2024 8:18 PM

36 smallcaps shine with double-digit gains

Equity markets recouped current week’s losses on the last trading session with a strong bounceback as investors used the bargain opportunity to accumulate beaten-down stocks. The strong rally on Friday meant that the benchmark Sensex closed the week nearly 2% higher. During the week, about 36 smallcap stocks have delivered double digit weekly returns.

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Stocks that are nearing ex-dates for dividends, bonus, splits next week
Sat, Nov 23, 2024 8:17 PM

Stocks that are nearing ex-dates for dividends, bonus, splits next week

PFC, Happiest Minds and NALCO among a host of other companies are likely to remain in focus this week as they are approaching their record dates for the purpose of dividend, bonus issues and stock split. The record date is the date set by the company to decide the shareholders who are eligible to receive the offer. To be eligible, the shares should be in the demat account on the record date.

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Signature Global to launch housing projects worth â‚ą50k cr in next 3 years
Sat, Nov 23, 2024 8:15 PM

Signature Global to launch housing projects worth â‚ą50k cr in next 3 years

Realty firm Signature Global Ltd plans to launch multiple housing projects worth â‚ą50,000 crore in Delhi-NCR over the next three years as part of its expansion plan amid strong consumer demand. Signature Global, listed on stock exchanges, is one of the leading real estate firms in the country. It sold properties worth â‚ą7,200 crore last fiscal and is targeting to sell â‚ą10,000 crore this fiscal.

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