India Financial News

₹422.95 apiece on the BSE.Emkay Global assigned a ‘Buy’ rating to Man Industries (India) shares with a target price of ₹500 per share, implying a 27% upside.Man Industries stock price has more than doubled within one year, reflecting improved business fundamentals as well as greater visibility on execution of its announced expansion plans. Also, industry tailwinds in the form of demand growth for pipes as well as capacity growth by peers have provided meaningful clarity on Man Industries charting a similar path, analysts said.Also Read: Jio tariff hike impact: Reliance, Bharti Airtel jump, Vodafone Idea share falls 2.5%“We reckon the optimism around such tailwind and growth aspirations are mostly in the price = ‘potential’.

cricket team, surpassing Pakistan's Babar Azam (48).After the match, ‘Hitman’ expressed his satisfaction with the victory, highlighting the team's hard work and unity. He praised the collective effort, noting that the Men in Blue adapted well to the challenging conditions. Rohit emphasised that the players’ ability to adjust to different conditions had been key to their success so far.“Very pleasing to see how we came through this game.

'Virat Kohli saving his best for…': Rohit Sharma explains why VK will ‘absolutely’ play T20 World Cup finalDuring the match, Barmy Army had posted an image of Virat Kohli after the veteran batter was dismissed on a total of 7 in the third over of the match. Soon after the match, an account by the name, Bharat Army on X (formerly Twitter), replied to the original post with the caption, “Khatam bye bye tata goodbye gaya."Another user while praising Indian skipper Rohit Sharma's perseverance wrote, “People made fun of you, hated you started negative campaign against you but trust me you have came a long way fighting them all." Also Read | WATCH: Rohit Sharma wipes off tears after India thrash England by 68 runs to secure T20 World Cup final berthYet another user speculated on what may happen when the two unbeaten side at this year's World Cup (India and South Africa) meet for the final of the tournament on June 29.

Benchmark NSE Nifty index rose 86.41 points to 24130.9 amid buying in frontline bluechip stocks.

India is set to lure billions of dollars more inflows when JPMorgan Chase & Co. adds the nation’s government bonds to its emerging markets index on Friday, opening up a $1.3 trillion market to a broader range of investors. Global funds have already poured close to $11 billion into index-eligible bonds since JPMorgan’s announcement in September. The US bank expects $20 billion to $25 billion to come in over the next 10 months, raising foreign ownership to 4.4% from 2.5% currently.

Vivek Jain, Head of Investments, Policybazaar.com, says if you are still below 40, you can go for a market-linked retirement plan because your risk appetite is higher and you have a longer horizon. Hopefully, you will get good returns if you stay in the stock market you have for 20-odd years. But if you are closer to retirement, 50-55 years old, then you should put in most of your savings in a guaranteed kind of pension plan. Retirement is a very crucial goal for a lot of us, we have seen that more than planning it in an investment-based way, a lot of people prefer buying retirement products from life insurance. Typically what are those products that we are talking about? We will get into the aspect where we can discuss if it is better than any other investment avenue.

GMP), initial public offerings are driving FOMO (fear of missing out) like never before on Dalal Street. So far in the six months of the calendar year 2024, SME IPOs have skyrocketed over 1,500%. Out of the 110 SME IPOs that have listed in the first half of 2024, a vast majority of 87 have given positive returns while 43 of them have at least doubled money from their offer price, shows data pulled from the records of PRIME Database.

Bank of Maharashtra plans to raise up to 10 billion rupees ($119.88 million), including a greenshoe of 7.5 billion rupees, through Basel III compliant tier 2 bonds maturing in 10 years, three people said on Friday. The state-run bank has invited bids from investors and bankers for the proposed bond issue on Tuesday.

Jammu and Kashmir, Manoj Sinha flagged off the first batch of Amarnath Yatra pilgrims from the Amarnath Yatra base camp in Jammu on Friday morning. Before flagging off the first batch of Amarnath Yatra pilgrims, LG Manoj Sinha also offered prayers at the temple. After flagging off the first batch, in a media address, LG Manoj Sinha said, «First batch of Amarnath Yatra pilgrims have departed from Jammu. In the last 3-4 years, a lot of arrangements have been made for the yatra and this time also J&K administration has done all the necessary arrangements, security has been heightened.»

heavy rain in a few areas of Delhi-NCR, ahead of the monsoon's formal arrival. The ceiling of Delhi Airport Terminal 1 collapsed this morning due to heavy downpours. Metro service update: Yashobhoomi Dwarka Sector 25 Metro station's entry and exit will be closed due to heavy rainfall. Additionally, until further notice, the Aerocity Metro station to Terminal 1-IGI Airport shuttle service has been discontinued. All other lines will continue to provide regular services.

Sensex and Nifty on Friday rallied for the fifth consecutive day on Friday to scale fresh 52-week high amid buying across sectors and bluechips. Sensex rallied over 250 points to cross the 79,500-level, while Nifty also scaled a new peak of 24,124.25 in the morning session. Within the blue-chip Nifty50 pack, ONGC, Divi's Lab and Coal India were the top gainers by rallying around 2% each. Telecom stocks were in focus today after Reliance Jio and Bharti Airtel raised tariffs. Both the stocks were trading around 1% higher.

Also Read: JP Morgan bond index India inclusion: Explained key changes, flows, impact on yields, what should investors doIGBs issued by the Reserve Bank of India (RBI) under the Fully Accessible Route (FAR) will be included in the global indices. According to JPMorgan, the average maturity of the Indian bonds included is seven years, with a yield-to-maturity (YTM) of 7.09%.

Stock market today: Following the telecom tariff hike announced by the Indian telecom majors Reliance Jio and Bharti Airtel, telecom stocks reacted to the news during early morning deals. Today, Bharti Airtel's share price opened upside at ₹1,536.25 per share and touched an intraday high of ₹1,536.25 apiece on NSE.

₹494.95 per share, 34.13% higher than the issue price of ₹369. On BSE, Stanley Lifestyles share price today opened at ₹499 apiece, up 35.23% than the issue price.Market experts anticipated Stanley Lifestyles share price to open in the range of ₹540 to ₹550 apiece.According to BSE data, 96.98 subscriptions have been received for the luxury furniture company Stanley Lifestyles' initial public offering (IPO) on Tuesday, June 25, the last day of subscriptions.

Rain in Delhi today Ahead of the onset of monsoon in the national capital, several parts of Delhi and adjoining areas will witness light to moderate intensity rain with heavy intensity rain over isolated places in the next two hours, said Delhi’s Regional Weather Forecasting Centre on Friday.“Thunderstorm with light to moderate intensity rain with heavy intensity rain over isolated places and winds with speed of 20-40 Km/h would occur over and adjoining areas of entire Delhi and NCR, Sonipat, Rohtak, Kharkhoda, Mattanhail, Jhajjar, Farukhnagar," wrote RWFC Delhi on X. Has monsoon arrived in Delhi?Delhi has witnessed heavy rainfall since last night, and people wonder whether the monsoon has arrived in the national capital.

Stock market today: Despite weakness in the global markets, the Indian stock market continues to scale northward on Thursday. The Nifty 50 index ended 175 points higher at the 20,044 mark after climbing to a new peak of 24,087. The BSE Sensex finished 568 points higher at 79,243 after hitting a new record high of 79,396.

Stocks to buy or sell: Despite weakness in the global markets, the Indian stock market continues to scale northward on Thursday. The Nifty 50 index ended 175 points higher at the 20,044 mark after climbing to a new peak of 24,087.

Kohli has scored 75 runs at an average of 10.71 and a strike rate of 100. This is in stark contrast to the veteran batsman's IPL 2024 season, where he scored 741 runs in 15 matches at a strike rate of around 155.Despite the lack of runs during the World Cup, skipper Rohit Sharma backed his star batsman after Thursday's win over England. Speaking to reporters after the match, Rohit confirmed Virat's place for the T20 World Cup final against South Africa on Saturday.Talking about his opening partner's form, Rohit said, “Look he is a quality player, any player can go through that (lack of form).

The Nifty future closed positive with gains of 0.75% at 24047 levels on Thursday. India VIX was up by 0.78% from 14.04 to 14.15 levels.

Delhi and NCR (National Capital Region) received incessant rainfall accompanied by thunderstorms and lightning beginning in the early hours of Friday. On Thursday, parts of Delhi received spells of heavy rainfall, bringing much-needed respite from the sweltering heat. The India Meteorological Department (IMD) has forecasted the weather for the next seven days in Delhi, predicting generally cloudy skies and varying intensities of rain accompanied by gusty winds.

slowdown in India's fast-growing economy held steady in the first Reuters poll of economists since the ruling Bharatiya Janata Party (BJP) lost its parliamentary majority in phased national elections that ended in early June. Asia's third-largest economy grew 8.2% in the last fiscal year, the fastest among major economies. But growth is set to slow to 7.0% and then 6.7% in the current and next fiscal years, according to a June 19-27 Reuters poll of over 50 economists.