World Heart Day 2023: India's cardiac procedures on the rise; Reliance General Insurance survey highlights concern

RGI survey finds significant rise in cardiac procedures in India post-Covid; gender imbalance observed. WHO report supports findings and calls for preventative measures.

High Conviction Ideas: Religare lists 4 midcap picks with up to 21% potential upside

Midcaps have been massively outperforming benchmarks recently. If you are looking to buy, Religare Broking has picked 4 midcap stocks from IT, cement &amp; FMCG space. It believes they have potential to perform and earn a return in the range of 16-21% from a 9-12 months perspective. Let's take a look.

Stocks to watch: Adani Green Energy, Cholamandalam Investment and Finance, MCX are stocks in news today

Indian shares set to open slightly higher on Friday, tracking gains in Asian markets as global markets stabilize.

Centrum Broking initiates coverage on these 3 affordable housing finance companies with a 'buy' rating

Centrum Broking has initiated coverage on Aavas Financiers, Aptus Value Housing Finance, and Home First Finance with a 'buy' rating. Home First Finance is the brokerage's preferred pick in the affordable housing finance segment.

Brokerages divided on IT sector: While Morgan Stanley raises targets; Nirmal Bang remains ‘underweight’

stocks

Brokerages have differing views on the IT sector in India. Morgan Stanley has raised price targets for certain IT stocks, citing earnings improvement and optimism about growth and margin estimates for 2024-25. However, Nirmal Bang has ‘sell’ calls on most IT stocks.

Before Market Opens: 9 things to know at 9 am on September 29, 2023

Indian markets are likely to open on a flat note on Friday following caution in Aisna markets as worries over elevated interest rates and high oil prices dragged sentiment. Meanwhile, Gift Nifty was down 9 points. Let's take a look at some key market cues before the market opens today:

Gold declines ₹650, silver tumbles ₹1,000; check rates here

<ul><li>In the international markets, gold and silver were trading lower at USD 1,877 per ounce and USD 22.55 per ounce, respectively.</li></ul>

Rupee edges up 2 paise to 83.20 against US dollar

<ul><li>The local unit settled at 83.20 against the US dollar, up by 2 paise over the previous close. The rupee had closed at 83.22 on Wednesday after a listless trade.</li></ul>

Market Wrap: Sensex, Nifty plunge nearly 1% on weak global cues; RIL, Infosys weigh

Stocks

<ul><li>The 30-share BSE Sensex fell 610.37 points or 0.92 per cent to settle at 65,508.32. The Nifty declined 192.90 points or 0.98 per cent to end at 19,523.55.</li></ul>

HDFC Securities sees over 70% upside in Ashoka Buildcon; says asset value is greater than mcap

Ashoka Buildcon's order book has multiplied 2x over FY19-23, but its shares have underperformed. HDFC Securities maintains a 'buy' rating, with a revised target price of ₹189, citing a strong order book and anticipated cash inflows from asset monetisation.

Nomura cautious on Asia but ‘overweight’ on India; lists out top stock picks

Nomura has upgraded India to 'overweight' from 'neutral', citing its structural story as a major beneficiary of the ‘China+1’ theme and a large, liquid equity market. Nomura recommends a portfolio of stocks with favourable valuations and exposure to domestic growth sectors like banks and infra.

Top 5 banks offering most competitive home loan interest rates

Home loan interest rates have now risen to around 8.75 to 9 percent after the RBI raised repo rates six times since May 2022. However, these top banks are offering the interest rates that are lower than 9 percent per annum.

Global Health: Motilal Oswal initiates coverage on this newly listed stock with a 'buy' rating

Medanta, the hospital operator, receives 'buy' rating from Motilal Oswal with a target price of ₹840, implying a 21% upside potential.

Adani Ports Stock Check: Up 41% in 7 months, should you still buy the stock?

Adani Ports has rebounded strongly, gaining over 41% between March and September after falling earlier this year. Despite recent allegations of improper business dealings, analysts maintain positive views on the stock. Let's look at the technical and fundamental outlook of the stock.

KSB stock rallies 5.5% after company receives ₹27.78 crore order for solar water pumping systems

KSB, a manufacturer of pumps and valves, saw its stock price rise by nearly 5.5% after receiving a ₹27.78 crore contract for solar water pumping systems. KSB is a leading international manufacturer of pumps and valves.

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Stocks to watch in trade on September 29, 2023

Gold drops ₹650, silver falls ₹1,000 on September 28, 2023

HDFC Securities bullish on Ashoka Buildcon; sees over 70% upside

Market Wrap: Sensex, Nifty end lower on September 28, 2023

MintGenie Specials

Number of participants in crypto ecosystem has risen, says Mridul Gupta of CoinDCX

Mr Gupta shares his thoughts on cryptocurrency prices, future scope of blockchain, problems that the technology has tried to solve, and also explains why is it too early to speak about what the future holds for Central Bank Digital Currencies (CBDCs).

Market entering volatile phase; mid and small-cap stocks could see consolidation, says Hemang Kapasi of Sanctum Wealth

Head of Equities at Sanctum Wealth, Hemang Kapasi, has stated in an interview that there is fatigue in heavyweight sectors, but low-weight sectors are performing well. He advises investors not to get carried away by market euphoria. 

Start-up founders need a drive to solve a problem, says Tanul Mishra of Afthonia Lab

She says that the struggle and hardships come in abundance before fame and money come knocking on the doors of start-ups. She deconstructs the reasons as to why her firm zeroed in on only 20 start-ups out of a vast pool of more than one thousand.

PAYD enables customers who drive less to seek better pricing on premiums, says Akanksha Jain of Digit Insurance

In an interview with MintGenie, Digit Insurance’s Akanksha Jain shared how the “pay as you drive” concept allows vehicle owners to pay premiums depending on not only how much they drive but how, where, and when they drive.

Expert Speak

7 timeless investing lessons from Charlie Munger

<ul><li>Unlock the timeless investing wisdom of Charlie Munger, Warren Buffett's right hand for 45 years. Get insights into patience, risk, and the importance of continual learning in investing.</li></ul>

6 money lessons you can learn from Dev Anand’s hit songs

Bollywood's gregory peck, Dev Anand, left a legacy of incredible music and money lessons through his films.

Valuation: 4 key lessons from Aswath Damodaran’s to take away

Valuation methods vary, but it's important to approach with an open mind and consider both quantitative and qualitative aspects.

5 money lessons to learn from the 10-day Ganapati festival

Ganesh Chaturthi festival celebrates the God of Wisdom, Ganesh, and offers financial lessons for investors.

Lessons In Investing

Nirmal Bang ‘underweight’ on IT sector but upgrades Tech Mahindra; here's why

Nifty IT has outperformed Nifty in 2023 YTD but brokerage house Nirmal Bang remains ‘underweight’ on the Indian IT sector. It has upgraded Tech Mahindra to 'Accumulate' due to expected margin expansion in FY26.

NTPC vs PowerGrid: Which power stock is better investment for long term?

Indian government targets to double power generation capacities to 900 GW by 2030, benefiting power sector stocks. Let's analyse between power stocks NTPC and PowerGrid Corporation, which has better growth opportunities for the long term.

HDFC Bank Stock Check: Down over 4% this year so far, is it a good time to buy?

HDFC Bank's stock has underperformed its benchmark due to merger-related turbulence, but analysts remain positive on its long-term prospects.

Glenmark Pharma vs Aurobindo Pharma: Which stock is a better investment for long term?

<ul><li>In 2023 YTD, both Glenmark and Aurobindo more than doubled investor wealth, rallying around 104 percent each.</li></ul>

DEEP DIVE

Have the means, but decide to default on loan? Find out how RBI handles wilful defaulters

The Reserve Bank of India has released directives pertaining to wilful defaulters within the financial sector.

Who is a wilful defaulter? An explainer as RBI expands the scope

It refers to a borrower who has access to funds to repay his loans but he still chooses not to, and defaults on the repayment of loan. RBI has now released a draft master direction on treatment of wilful defaulters

Your Questions Answered: What are the differences between index mutual funds tracking Sensex and Nifty 50?

Index funds are passive funds replicating a market index such as the S&amp;P BSE Sensex or the NIFTY 50. The objective of index mutual funds is to provide similar returns as the underlying index's returns.

What is Bima Sugam that could be a UPI moment for insurance sector? Details here

Just as an e-commerce platform, Bima Sugam will be online insurance marketplace that will enable insurers to sell their policies here, and policyholders will be able to buy and apply for claims.

Explain Like I am 5

NFO Alert: Bandhan Mutual Fund launches Bandhan Retirement Fund; all you need to know

Bandhan Mutual Fund announced the launch of the Bandhan Retirement Fund. The scheme opened for public subscription on September 28, 2023, and will close on October 12, 2023.

NFO Alert: Motilal Oswal Mutual Fund launches Nifty 500 ETF; all you need to know

Motilal Oswal Mutual Fund announced the launch of the Motilal Oswal Nifty 500 ETF. The scheme opened for public subscription on September 27, 2023, and will close on September 29, 2023.

Valiant Laboratories IPO: Should you subscribe? All you need to know

The initial public offering (IPO) of Valiant Laboratories opened for subscription on September 27 and will close on October 3. Through the issue, the company aims to raise ₹152 crore. The price band for the issue has been set in the range of ₹133-140.

Updater Services IPO: Should you subscribe? Here's everything you need to know

The ₹640 crore initial public offering (IPO) of Updater Services opened for bidding on Monday, September 25 and will conclude on Wednesday, September 27. The company has set a price band in the range of ₹280-300 apiece.

All You Need To Know

How to prevent credit card information theft while shopping online?

Certain security vulnerabilities lie outside your realm of control; nevertheless, you possess the means to shield your information and fortify existing safety measures. This principle holds even when utilizing credit cards for online shopping.

How to link Aadhaar with UAN? A step-by-step guide

The EPFO has prolonged the UAN-Aadhaar linking deadline until March 31, 2024. Individuals can opt to connect these two either through online means or offline, based on their convenience.

Vishnu Prakash R Punglia IPO allotment today: Here's how to check status and latest GMP

The allotment for the initial public offer (IPO) of Vishnu Prakash R Punglia is likely to be finalised today. Investors can check their allotment status on the issue's registrar Link Intime's website as well as on BSE.

Income Tax Refund: How to claim, check online status and more

Not all are entitled to an income tax refund. However, those who are waiting for the refund amount must be aware of factors and conditions affecting the credit and taxability of the refund amount. 

How To

4 best women-centric credit cards

Banks have introduced credit cards specifically designed for women, with spending rules and reward points similar to regular cards but featuring additional perks like dining and movie benefits to appeal to shopaholic customers.

Travel credit card applications spike 5X in 2023

On World Tourism Day, a report titled 'IndiaLends’ TravelToGrow' was released, highlighting how young people in India are using credit products to enhance their travel experiences. According to the study, travel credit card applications saw a fivefold increase in 2023.

Better stock for long-term: NTPC vs PowerGrid

The Indian government has set a goal to increase power generation capacities to 900 GW by 2030, which will significantly benefit the power sector. Now, let's assess which stock, either NTPC or PowerGrid, has the potential to deliver superior long-term returns.

Infographics

85% of retirees cite financial concerns as a key reason for seeking employment, says study

HSBC's ‘Quality of Life Report’ examines the relationship between wealth and quality of life. 50% of individuals anticipate working after retirement due to financial concerns.

September 30 finance deadlines: Exchange of ₹2,000 notes, submission of Aadhaar for small savings schemes, others

From exchange or deposit of ₹2,000 currency notes to Aadhaar submission for small savings schemes, here are the deadlines ending on September 30 that you need to make note of.

Income Tax Return: Failure to declare foreign shares, investments, or assets can lead to a penalty of ₹10 lakh

Failing to disclose foreign shares and assets in an income tax return can result in penalties under the Black Money Act.

Government instructs banks to pick life certificates from home for bedridden pensioners. Details here

Every year, pensioners must provide an annual life certificate as proof of their continued existence to continue receiving their pension.

Personal Finance

Weak Debut: Yatra Online lists at ₹127.5, a discount of 10.2% to IPO price

Travel service provider Yatra Online made a weak debut on the bourses today, September 28, 2023. The stock listed at ₹127.5 on the NSE, a discount of 10.2 percent to the issue price of ₹142. Meanwhile, on the BSE, it listed at ₹130, an 8.45 percent discount.

Meme Of The Day: Whose annual income is under 3 lakhs

The only time someone is being okay with his/her salary.

Meme Of The Day: When your CA friends are not helping you with tax filing

The Income Tax department recently launched a mobile app — ‘AIS for Taxpayer’ to enable taxpayers to view their information available in the AIS. Taxpayers can use the mobile app to view their information related to TDS/TCS, interest, dividends, share transactions, tax payments, Income Tax refunds, Other Information (GST Data, Foreign Remittances) as available in AIS/TIS.

Meme Of The Day: The time of the year when CAs are hounded by their 'friends'

In case you happened to under-report your income in the financial year 2019-20, then you are allowed to file an updated income tax return (ITR) prior to March 31, 2023 to incorporate the changes.

Meme Of The Day: When you invest in the stock market without learning

When you invest in the stock market without learning

MintGenie Specials

personal finance

World Heart Day 2023: India's cardiac procedures on the rise; Reliance General Insurance survey highlights concern

markets

High Conviction Ideas: Religare lists 4 midcap picks with up to 21% potential upside

markets

Centrum Broking initiates coverage on these 3 affordable housing finance companies with a 'buy' rating

markets

Brokerages divided on IT sector: While Morgan Stanley raises targets; Nirmal Bang remains ‘underweight’

Meme Of The Day

Meme Of The Day: Whose annual income is under 3 lakhs