India Financial News

ACC Ltd. dropped 3.41 per cent to Rs 2501.1 at 01:55PM (IST) in Thursday's trade. The scrip has hit a high of Rs 2586.95 and low of Rs 2490.6 so far during the session. The stock had closed at Rs 2589.6 in the previous session. The counter has had a total traded volume of 24249 shares so far with a value of Rs 6.12 crore on the NSE. It traded at a price-to-earnings multiple of 21.08 and a price-to-book ratio of 2.87.

₹11,999. The latest Poco phone comes with a 120Hz LCD display, 33W fast charging, 108MP rear camera and a 5030mAh battery.Poco M6 Plus will be available at an effective price of ₹11,999 and ₹13,499 for the 6GB RAM and 8GB RAM variants respectively during the first sale. This includes a ₹1,000 discount on making the purchase using SBI, HDFC and ICICI bank cards and an additional ₹5,000 coupon for the 6GB RAM version.Poco M6 Plus features 6.79 inch LCD display with 120Hz refresh rate and Corning Gorilla Glass 3 protection on front.

Non-institutional investors drove the strong demand with a subscription of 22.8 times, followed by retail investors, whose category was booked 13.8 times. The part reserved for QIB investors was booked the least at 2.4 times.

rape accused was allegedly let off by a panchayat in Uttar Pradesh's Agra district after just five shoe strikes on his head and a fine of mere Rs 15,000.

Tube Investments of India Ltd. traded 0.51 per cent down in Thursday's trade at 12:43PM (IST). Around 2,221 shares changed hands on the counter. The stock opened at Rs 4160.75 and touched an intraday high and low of Rs 4166.55 and Rs 4115.0, respectively, in the session so far. Shares of the company of Tube Investments of India Ltd. quoted a 52-week high of Rs 4666.0 and a 52-week low of Rs 2729.1.

active mutual fund flows so far this year. In June alone, inflows into these funds reached ₹22,350 crore, accounting for 55% of total active flows, an 18 July research report by Elara Securities said. Since the beginning of this year, thematic and sectoral funds have attracted ₹70,000 crore in inflows.

Clix Capital has raised Rs 220 crore in fresh equity capital. This investment round was led by existing investors — Apollo Global Management, Pramod Bhasin and Anil Chawla.

Rubicon Research has filed its draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) for ₹1085 crore initial public offer (IPO). The company’s IPO comprises a fresh issue of up to ₹500 crore and an offer for sale of up to ₹ 585 crore by the promoter selling shareholder, General Atlantic Singapore RR Pte Limited.

The state of Uttar Pradesh is deceptively large. Working-age women (20-59 years) in the state—about 57 million in 2021—outnumber the entire population of countries like Canada, Australia, Malaysia, and South Korea. The state has more women aged 20-29 than the combined population of Norway, Finland and Denmark.

Mark Matthews, MD, Julius Baer, says he wishes there would be a pullback in the Indian market. It is becoming overvalued. Matthews further says that there does seem to be some sectoral rotation going on. In India, the growth is the opposite of what it is in the US. In the US, value is smallcaps and growth is big caps and in India, it is the other way around. I think there are a lot of emerging sectors in India that are small now but will be big sectors in the future like hospitality, defence which are in the midcap space and I would say those are the growth areas that long-term one would do well to be in. Everything is moving on expected lines and I look at the market from the prism of the US Fed. The US Fed pretty much has said what everybody was expecting, growth is decent and rate cuts will start. Mark Matthews: I did not expect them to be so overt in telling us there will be a rate cut in September. They did not need to because the market is already pricing one in. I felt that was interesting. There was no urgency in the statement or Jerome Powell's comments to the press but the most interesting thing is there was a sentence in the statement for two years saying that inflation was the most important criterion and that was replaced with the dual mandate of inflation, but also employment.

Coal India Ltd. with a target price of Rs 600. The current market price of Coal India Ltd. is Rs 533.95. Coal India Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 321817.67 Crore) operating in Mining sector.

Mint. Trident’s first-ever fund has already received commitments from various other investors. “The discussions are still in a preliminary stage and not much has been decided yet," one of the people cited above said.

IPL) owners meet, which was organised by the Board of Control for Cricket in India (BCCI), Delhi Capitals (DC) was against the impact player rule while Sunrisers Hyderabad was (SRH) in favour of seven retentions, according to ESPNcricinfo.

Equity mutual funds have offered up to 11% return in July. There were around 615 equity and equity-oriented mutual funds in the market in the said period. The toppers in the list were sectoral/thematic funds and only one scheme offered a double-digit return in July.

Maruti Suzuki India with a target price of Rs 15160. The current market price of Maruti Suzuki India Ltd. is Rs 13484.4. Maruti Suzuki India Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 412364.13 Crore) operating in Auto sector.

Nifty crossed the 25,000 milestone for the first time while Sensex zoomed past the 82,000 level to yet another record high. At 9:23 am, the BSE Sensex was trading 345 points, or 0.42%, higher at 82,043. The Nifty50 was up 117 points, or 0.47%, trading at 25,068.

Indian Embassy in Lebanon has advised Indians to avoid all non-essential travel to Lebanon. They have been advised to exercise caution, restrict movements and remain in contact with Indian Embassy in Beirut.

Donald Trump falsely suggested Kamala Harris had misled voters about her race as the former president appeared before the National Association of Black Journalists in Chicago Wednesday in an interview that quickly turned hostile.

Breakout stocks to buy or sell: Despite weak global market sentiments, the Indian stock market ended higher for the third day in a row on Wednesday. The Nifty 50 index finished 121 points higher at 24,978. The BSE Sensex scaled 285 points north and closed at 81,741, whereas the Bank Nifty index was 121 points higher at 51,620.

Domestic markets traded sideways throughout the day on Wednesday to close near day's high. Nifty gained about 3% in the month of July supported by growth led budget and second month consecutive buying by FIIs. «We expect this momentum to continue with sectorial rotation at play,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.