Best Stocks to Buy Today India : 29 October 2021

Day Trading: Adani Transmission, Vedanta, Bharat Petroleum, Adani Green, Adani Total, NTPC, Gokul Agro, KDDL, Sona precision,

Short Term: ABB, Bliss GVS Pharma, IIFL wealth mgt, Triveni Turbine, Tanla, Asahi Glass, TVS Motors, Cummins

Long Term: IRCTC, Indusind Bank, United Spirits, Bandhan Bank, Larsen, Asian Paints, Shree Cements,

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Top Market News:

1. Paytm IPO will be at $19.5 billion to $20 billion valuation, the company officially revealed for the first time on Thursday. Paytm was valued at $16 billion when it raised funds two years ago. Business Standard
2. India’s largest airline IndiGo’s management showed signs of strong optimism even though the company posted a loss of Rs 1,435.70 crore in the September quarter, primarily hit by rising crude oil. Business Standard
3. Morgan Stanley has downgraded domestic equities from ‘overweight’ (OW) to ‘equalweight’ (EW) and recommended taking some money off the table. Business Standard
4. The Supreme Court has set aside the Delhi High Court order, which had permitted Bharti Airtel to claim refund of Rs 923 crore of goods and services tax (GST) from the government. The telecom operator claimed that it had paid an excess GST for July-September, 2017 and wanted to rectify its relevant returns for that period to get the refund. Business Standard
5. Monday onwards, half the revenue that accrues to Indian Railway Catering and Tourism Corporation (IRCTC) through the convenience fee on train tickets will go to the Ministry of Railways. Business Standard

Google Trends

• Twitter announces total revenue of $1.28bn, 13% year-over-year growth in Monetizable Daily Active Usage.
• American automotive giant General Motors (GM) has announced a new community charging program that will see the installation of up to 40,000 Level 2 EV chargers across both the United States and Canada as it seeks to catch up with Tesla in the transition to EVs.
• Facebook CEO Mark Zuckerberg said his company is rebranding itself as Meta in an effort to encompass its virtual-reality vision for the future, what Mr. Zuckerberg calls the “metaverse.”
• Digital insurance company Acko General Insurance on Thursday announced that it has raised $255 million in a Series D round led by General Atlantic and Multiples Private Equity. With this, it becomes the 34th unicorn this year to enter the unicorn list in 2021. This funding takes the valuation of the company to $1.1 billion.

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