India Financial News

11.06 / 06:35
markets Target students social testing Investigations NEET Controversy: CLAT ad mocking medical, engineering exam goes viral, says 'Think beyond NEET, IIT-JEE'
NEET exam results, students are now calling for the cancellation of the examination and a thorough investigation into alleged discrepancies. Amidst this uproar, a social media ad mocking the NEET exam has gone viral. The advertisement in the newspaper encourages aspirants to consider the Common Law Admission Test (CLAT) instead of focusing on NEET.
11.06 / 06:35
markets UPS Target Strategy performer rights Right time to sell a stock: 6 signs indicating it's time to exit a large-cap stock
large-cap stocks that peaked and then remained stagnant or declined for years, you might wonder whether you should continue holding onto them. As an equity investor, the timing of when to exit a stock becomes crucial, especially if large-cap stocks make up a significant part of your portfolio.
11.06 / 06:07
UPS Art International Ultratech Cement, Samvardhana Motherson International & others hit 52 week high today ; Do you own any?
Bank Nifty was up by 89.1(0.18%) at 11 Jun 2024 10:44:59 IST.Other stocks such as Neueon Towers, Shubhlaxmi Jewel Art, POPULAR VEHICLES AND SERVICES ORD, QUEST LABORATORIES ORD hit their fresh 52 wk lows today.
11.06 / 06:07
markets Sustainability Experts performer 2020 recommendations Midcaps, smallcaps strongly outperform Sensex in 2024 despite valuation concerns; what is driving broader market?
demat accounts from around 4crores in early 2020 to above 15 crores now have created a new breed of newbies who are chasing the mid and smallcaps," said VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services.Also Read: Foreign investment surge fuels spectacular rally in India’s smallcaps amid bubble alerts"The sustained flow of mutual fund investments, particularly SIPs, into the broader market gives no option to the fund managers but to buy mid and smallcaps even when the valuations are high. The current pattern of fund flows and retail investor behaviour may sustain the outperformance of this segment for some more time.
11.06 / 06:07
markets security Trade band stage track Multibagger! Penny stock Suncity Synthetics gives over 280% returns in less than 3 months; should you invest?
₹7.7 at the end of March 2024.Overall, year-to-date, the stock has surged over 211 percent, while over the past year, it has soared by 359 percent.After a 130.64 percent rally in May and a 44.55 percent jump in April, the stock has advanced 12.5 percent in June so far. However, it experienced losses of 18 percent in March and 16.8 percent in February.
11.06 / 05:43
markets UPS Trade reports Updates Pharmaceuticals Stock market update: Nifty Pharma index advances 0.21% in an upbeat market
Biocon Ltd.(up 1.86 per cent), Granules India Ltd.(up 1.6 per cent), Abbott India Ltd.(up 1.02 per cent), Torrent Pharmaceuticals Ltd.(up 0.97 per cent) and Aurobindo Pharma Ltd.(up 0.92 per cent) were among the top gainers.
11.06 / 05:43
Election WhatsApp Pawan Kalyan elected as Janasena floor leader in Andhra Pradesh Assembly
Janasena party MLAs on Tuesday elected party chief Pawan Kalyan as the floor leader in the Andhra Pradesh Assembly. The move came ahead of NDA legislators' meeting to elect TDP supremo N Chandrababu Naidu as their leader in the House.
11.06 / 05:43
Platform Election wellness Pride social recommendations Suresh Gopi takes charge as Union Minister of State, thanks people of Kerala for "huge responsibility"
Suresh Gopi assumed charge as Minister of State for Petroleum and Natural Gas as well as in the Ministry of Tourism on Tuesday morning.
11.06 / 05:43
Man Waters CEO security Apple Tesla Features Tesla's Elon Musk shares viral 'Coconut Water' meme to mock Apple's ChatGPT integration
Tesla CEO Elon Musk criticized Apple on Tuesday through a post on X, sharing an Indian meme that took a dig at the tech giant. Musk's concerns centered on Apple's integration of OpenAI's ChatGPT into its features, highlighting potential data privacy violations.
11.06 / 05:43
UPS Action Opinion Experts recommendations 3 Tata Group companies among 6 stocks in focus for dividends and AGMs
Tata Motors DVR, and Tata Chemicals along with Asian paints and others will remain in focus this week due to corporate actions like dividends and annual general meetings. Here is a list of corporate actions lined up for the day:
11.06 / 05:43
UPS WhatsApp Trade show reports Share price of ACC jumps as Sensex gains 169.41 points
ACC Ltd. gained 0.13 per cent to Rs 2546.55 at 11:06AM (IST) in Tuesday's trade. The scrip hit a high of Rs 2572.4 and low of Rs 2544.55 so far during the session. The stock had closed at Rs 2543.2 in the previous session. The counter had a total traded volume of 11:06AM shares so far with a turnover of Rs 1.51 crore on BSE. The stock traded at a price-to-earnings multiple of 20.57 and a price-to-book ratio of 2.87.
11.06 / 05:21
markets UPS economy wellness rights Message for managers of other people’s money: Read the economy right
Late last weekend, I happened to meet someone who makes his money by managing other people’s money (OPM). He asked: “Why did the Bharatiya Janata Party not get a majority in the Lok Sabha, despite the economy growing by more than 8%?" A simplistic answer to this would be that many voters don’t take economic data into account before voting. A slight improvement would be that India’s 2023-24 growth figure was declared only on 31 May, and by then, six of the seven electoral phases were over.
11.06 / 04:09
UPS Google NVIDIA country reports International Mint Explainer: Why the surging use of AI may challenge India’s power sector
Also read | Can India keep up with the ebbs and flows of power demand? Additionally, the 2022 electric power survey considered emerging demand from electric vehicles—it assumed that 30% of all vehicles sold in 2030 would be battery electric vehicles and 100% by 2042. Solar power and hydrogen mission contributions that will ease the pressure on conventional energy sources were also considered. However, the widespread use of artificial intelligence (AI), particularly generative AI, and the setting up of large data centres to support online AI interactions could lead to the overshooting of these demand forecasts.
11.06 / 04:09
markets IPO Booking Experts band travelers recommendations ixigo IPO day 2: GMP, subscription status to review. Should you apply to Le Travenues Technology IPO?
ixigo IPO day 2: The initial public offering (IPO) of ixigo, which opened on 10th June 2024, has received a robust response from primary market investors. The public issue worth ₹740.10 crore will remain open till 12th June 2024. The company has fixed the ixigo IPO price band at ₹88 to ₹93 per equity share, and the book build issue is proposed for listing on BSE and NSE.
11.06 / 04:09
markets UPS security Election Trade rights Derivatives trade: Sebi is taking a pro-market approach
₹8,587.5 crore, instead of joining the rally. In contrast, foreign portfolio investors bought Indian shares worth ₹6,617.3 crore that day while mutual-fund purchases stood at ₹3,072.9 crore. Then, on 4 June, when the actual election results were declared and the BJP fell short of a simple majority, retail investors purchased shares worth ₹21,178.9 crore, sensing an opportunity in a market that dropped some 6% in response to that news.
11.06 / 04:09
UPS BLOCK Aviat security electronic reports International Stocks to watch: IndiGo, RVNL, TaMo, Vi, IRB Infrastructure, Jubilant Foodworks
Interglobe Aviation: Interglobe Enterprises, a promoter entity of Rahul Bhatia, is planning to sell a stake worth $394 million in Indigo Airlines’ parent company, Interglobe Aviation, via a block deal. The entity currently holds a 37.75% stake in Interglobe Aviation.
11.06 / 04:09
markets Research trends Trade show recommendations Nifty 50, Sensex today: What to expect from Indian stock market in trade on June 11
Also Read: Stock market today: Nifty 50, Sensex snap 3-day winning run amid weak global cues; mid, smallcaps outperformThe NSE Nifty 50 index fell 0.13% to 23,259.20, while the S&P BSE Sensex ended 0.27% down at 76,490.08. Both benchmarks grew approximately 0.5% at the start and reached record highs before relinquishing gains.Vinod Nair, Head of Research at Geojit Financial Services, stated that the Indian market currently lacks new catalysts following the creation of the new government at the centre, implying that some consolidation may occur in the near future.
11.06 / 04:09
markets UPS BLOCK Aviat Remark Election Trade Sensex Today Live Updates : Sensex, Nifty down at open, as global cues weigh; IndiGo, Vi, IRB Infra eyed
₹12.87 crore and ₹10.94 crore from two separate wagon manufacturers.Sensex Today Live : The company has appointed Deepak Natarajan as an additional non-executive director, effective from June 10.Sensex Today Live : Cintra, a subsidiary of Spanish infrastructure group Ferrovial, is expected to sell up to a 5% stake in IRB Infrastructure Developers through a block deal. The deal, priced between ₹63-70.16 per share, represents up to a 10.2% discount to the last closing price.
11.06 / 03:09
COST security economy Food wellness Cycling reports India likely to cut interest rates ahead of US: Report
employment data in the US weakens the case for monetary policymakers in the world's biggest economy to begin the cycle of easing, said a report by ICICI Securities Primary Dealership. Reserve Bank of India (RBI) Governor, Shaktikanta Das, Friday said that the rate-setting panel will look at domestic conditions while taking rate cut decisions and will not be following the Fed. Other central banks are also diverging from the Fed, as the Bank of Canada and European Central Bank cut rates last week.
11.06 / 03:09
UPS IPO Platform WhatsApp travelers Ixigo public issue oversubscribed on opening day
IPO) of Le Travenues Technology, the parent company of online travel platform Ixigo, sailed through on its opening day on Monday, with the issue being subscribed 1.95 times. According to data from the BSE, investors placed bids for 85.5 million shares against 43.7 million shares available. The retail investors' portion was subscribed 6.21 times, while the non-institutional investor segment was subscribed 2.78 times. Qualified institutional buyers bid for 0.12 times the shares on offer. The IPO, which closes on June 12, includes a fresh issue of ₹120 crore and an offer for sale of up to 66.6 million shares.

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