India Financial News

Dividend stock 2024: Titan stocks will be in focus when the Indian stock market opens today as the Tata group shares will trade ex-dividend today. This means that if you buy Titan shares today, you will not be entitled to the recently declared dividend. On 3rd May 2024, the company board declared a ₹11 per share dividend for its eligible shareholders.

Sensex jumped 620.73 points to close at 78,674.25, while the Nifty 50 ended 147.50 points, or 0.62%, higher at 23,868.80.Also Read: Indian stock market: 6 key things that changed for market overnight - Gift Nifty, upbeat US dollar, yields to weak yenNifty 50 formed a long bull candle on the daily chart, which is back-to-back similar candles in three sessions.“Technically, this pattern indicates a formation of bullish ‘three advancing soldiers" type candle pattern. This formation signals upside continuation for the short term.

DK Shivakumar on Wednesday said that the price of milk has been hiked in the interest of farmers and opposition to it by the BJP only demonstrates its anti-farmer stance. Speaking to reporters at Vidhana Soudha, he said, «BJP has once again demonstrated that it is anti-farmer by opposing the milk price hike. A hike of Rs 2 per litre has been done to benefit the farmers. The quantity of milk has also been increased proportionately. Price hikes should not be politicised, the decision has been taken as input costs for farmers have gone up. The price of milk in the state is still lower than in other states.» Asked about the statement of the KMF Chairman that the proceeds from the price hike won't go to farmers, he said, «Farmers are KMF. In my opinion, prices should have been hiked some more. Farmers are in distress and are selling their cattle. Let them check the prices of milk in other states and then talk about this.»

Affle Holdings PTE sold shares of Affle (India) Ltd worth 322.5 crore in a bulk deal on NSE Wednesday. The promoter sold 25 lakh shares at 1,290 each.

₹15,000-crore viability gap funding (VGF) plan for companies to shift to greener vessels for inland water transport over the next 10 years, said two persons aware of the development. “The concept of VGF and other incentives for turning Indian maritime segment green is under formulation and consideration," one of the people cited above said on condition of anonymity, adding that the Inland Waterway Development Council (IWDC) is working on finalizing the scheme for this green transition, which would be similar to the FAME scheme for promotion of green automobiles.

Rohit Sharma has come down heavily on Pakistan equivalent Inzamam-ul Haq for suggesting that the Indian team had “worked the ball" to gain a win against Australia, PTI reported.Left-arm pacer Arshdeep Singh grabbed three wickets to halt Australia's campaign for 205 runs and Haq accused him of working the ball to generate reverse swing during the T20 World Cup's Super 8 match against Australia in St Lucia on June 24. The boys from ‘Down Under’ lost by 24 runs and India has moved to the semi-finals against England.When asked to comment on the allegation, the Indian skipper asked Haq to understand the conditions of the pitch.“When Arshdeep was bowling the 15th over, it was reverse swinging. Is that too early with the new ball? This means the ball was ready by the 12th-13th over, it was capable of reversing.

₹9,000 crore loan, two bankers aware of the matter said. While SBI, India's largest bank by assets, pitched 8.2% for a proposal by National Highways Authority of India’s (NHAI) infrastructure investment trust (InvIT) to raise ₹9,000 crore, NaBFID offered 8%. “This made other lenders come to the negotiating table," one of the two bankers cited above said.

Mint looks at issues surrounding poverty measurement and the need for having a more modern model. Poverty is measured by first arriving at a poverty line, the minimum level of income required to buy bare minimum necessities and then identifying those who fall below it by looking at household consumption surveys. The poverty threshold varies from country to country according to people’s social and economic conditions.

Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — June 27On Wednesday, the Indian stock market benchmark indices ended at record closing highs, with the Nifty 50 crossing 23,850 for the first time ever, led by banks and heavyweights.The Sensex jumped 620.73 points, or 0.80%, to close at 78,674.25, while the Nifty 50 settled 147.50 points, or 0.62%, higher at 23,868.80.“Overall optimism surrounding the Union Budget, increasing FII inflows, and robust domestic economic data contributed towards the positive movement in the market. We expect the ongoing uptrend to continue further," said Siddhartha Khemka, Senior Group VP, Head - Research, Broking & Distribution, Motilal Oswal Financial Services Ltd.Here are key global market cues for Sensex today:Gift Nifty was trading around 23,800 level, a discount of nearly 70 points from the Nifty futures’ previous close, indicating a negative start for the Indian stock market indices.Also Read: Stock market today: 5 stocks in F&O ban list on June 27Asian markets traded lower on Thursday as the Japanese yen weakened to a near 38-year low and ahead of economic data in the region.Japan’s Nikkei 225 fell 0.93% while the Topix declined 0.36%.

Buy or sell stocks for today: The Indian stock market extended its upside movement for the third straight session on Wednesday. The Nifty 50 index finished 147 points higher at 23,868, whereas the BSE Sensex shot up 620 points and closed at 78,674.

State Bank of India on Wednesday raised ₹10,000 crore through a sale of infrastructure bonds, with the lender's first debt issuance of the current financial year witnessing firm demand from the investors. Separately, ICICI Bank is likely to carry out a sale of infrastructure bonds on June 28, with the private lender looking to raise up to ₹3,000 crore through 10-year securities, debt capital market sources said.

markets continued their upward trajectory as Nifty made new highs for the second consecutive day and gradually inching upwards to 24,000 mark. «Overall optimism surrounding the Union Budget, increasing FII inflows, and robust domestic economic data contributed towards the positive movement in the market. We expect the ongoing uptrend to continue further,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.

veteran leader of the Bharatiya Janata Party, Lal Krishna Advani, was admitted to the All India Institute of Medical Sciences (AIIMS) on Thursday. The BJP leader is stable and under observation, according to doctors. He was recently conferred with Bharat Ratna by President Draupadi Murmu on March 30, 2024.

Greenko Group is in talks with state-run power financier REC to raise funds for its green hydrogen and green ammonia project of 600 MW capacity, said two people close to the development. Greenko is looking to secure ₹2,200-2,400 crore from REC. Upon achieving financial closure, the company will enter into firm and definitive agreements with the lender, one of the persons said. The project has an offtake agreement with Norway's Yara and received pre-certification for ammonia. An offtake agreement is a contract to buy or sell goods in advance of production, which will facilitate financing for the project. Greenko has signed a term sheet with Yara Clean Ammonia in May this year, the trader and distributor of ammonia, for the supply of renewable ammonia from Phase 1 of AM Green's ammonia production facility in Kakinada, Andhra Pradesh.

shares of Inox Green, Titagarh Rail, India Cements, Dr Reddy's, Bharti Airtel among others will be in focus due to various news related developments. Inox Green Energy Ace investor Ashisk Kacholia has invested Rs 40 crore in Inox Green Energy Services as part of the latter's Rs 1,050 crore fund raise plan.

F&O ban list todayGNFC, India Cements, Indus Towers, PNB, and SAIL are the five stocks on the NSE's F&O ban list for June 27.The National Stock Exchange (NSE) said the derivative contracts in the mentioned securities have crossed 95% of the market-wide position limit and have been placed in the stock exchange's ban period.“All clients/members shall trade in the derivative contracts of said security only to decrease their positions through offsetting positions. Any increase in open positions shall attract appropriate penal and disciplinary action," the NSE statement said.No new positions are allowed when the stock exchanges place F&O contracts in a particular stock in the F&O ban period.On June 26, stock market benchmark indices Sensex and Nifty rallied for the third straight session and ended at their fresh all-time high levels on Wednesday in tandem with Asian peers and buying in Reliance Industries.The 30-share BSE Sensex climbed 620.73 points or 0.80 per cent to settle at a new closing peak of 78,674.25.

NEW DELHI : The Union budget in July is likely to restore the concessional 15% corporate tax rate for new manufacturing facilities, a scheme introduced in 2019 that expired on 31 March this year, two persons aware of the matter said. The plan now is to extend this scheme by one to two years to facilitate fresh manufacturing investment, which is a priority for the National Democratic Alliance (NDA) government, one of the two persons cited above said on condition of anonymity. The Centre wants to give a strong thrust to the manufacturing sector as it could generate well-paid employment to a large number of people currently engaged in low-paid farm activities.

The US Department of State intensified its efforts on June 26 to capture OneCoin founder Ruja Ignatova, also known as the “Cryptoqueen,” who has been missing since she vanished in Athens in 2017.

French astronomer Nostradamus prove to be wrong? This question looms large after his prophecy about the World War 3 has not come true so far. According to the 'Wion', Nostradamus predicted something which may be interpreted as the beginning of World War 3. He expected a “combat and naval battle” between China and the US, though he did not take their names. The 16th-century philosopher and physicist predicted that the “Red adversary will become pale with fear. Putting the great Ocean in dread”. These lines are interpreted as the blockade of China by the US Navy and a confrontation between the two rival forces. This prediction is especially significant because Beijing and Washington have indulged in blaming each other for rising tension on the issue of Taiwan. Some of the US lawmakers have openly threatened China with attacks and war if Beijing threatens Taipei.

Nirmala Sitharaman is set to present her seventh consecutive budget since 2019, joining an exclusive group of finance ministers who have delivered at least five consecutive Union Budgets. This distinguished group includes notable figures such as Morarji Desai, Manmohan Singh, P. Chidambaram, Yashwant Sinha, and Arun Jaitley. Following the Lok Sabha elections, this budget will be the first full budget presented as part of Modi 3.0. Prior to 2016, the budget was traditionally presented on the last day of February. However, starting in 2017, the budget has been consistently presented on February 1 each year.

Julian Assange who is the founder of the controversial Wikileaks has been set free by a US court in the Northern Mariana Islands. This has ended his long legal battle with the US. The Wikileaks founder has been accused of accessing classified information pertaining to the US and releasing them in an illegal manner. He has also been accused of recruiting individuals with access to this important information and illegally transmitting it to his servers. This information had damaged the relationship of the US with many of its partners including France, India and Japan among others.