Here's a rundown of 11 significant news stories to keep you in the know:

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Six names that Anand Rathi Securities recommends for Samvat 2080

Private sector lender IDFC First Bank, auto and tractor manufacturer Mahindra & Mahindra Ltd. are among the six names that brokerage firm Anand Rathi Securities is recommending investors for Samvat 2080.

For the ongoing Samvat, the Nifty 50 has gained close to 9% so far, while broader markets have outperformed.

The brokerage sees potential upside ranging between 15% and 37% among these six names over the next 12 months.

IndiGo to ground nearly 75 aircraft by March 2024

India's largest domestic carrier, IndiGo, is expecting the grounding of 30 to 35 of its planes as Pratt & Whitney accelerates the removal of engines for inspection and shop visits.

"We have recently received additional information on the powder metal issue from Pratt & Whitney and based on our preliminary assessment of this, we anticipate Aircraft on Ground in the range of mid-thirties in the fourth quarter (Jan-Mar2024) due to accelerated engine removals," IndiGo's statement said.

The airline also added that these groundings will be incremental to the current AOGs.

Veteran investor Vijay Kedia says era of easy money may be a thing of the past

Vijay Kedia, a renowned veteran investor in the Indian stock market believes that the era of easy money might be behind us. Kedia noted that the euphoria surrounding small-cap and mid-cap stocks is gradually subsiding, although not entirely.

He views the ongoing market correction as a sign of the market shedding excessive speculation, leading to a more sustainable and less speculative environment.

"The Nifty might have fallen by 5-7% and might have recovered also in last week but many small-caps and mid-caps are down by 30% or more. I think this is a good sign as far as the market is concerned because there was froth in small-cap and mid-caps and now this euphoria is settling down, but I don't think the euphoria has settled down completely.

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