India Financial News

Modi will hit a hattrick on June 4 election result day and, if so, with how many seats in the Lok Sabha. Stock investors are fine-tuning their portfolios with sectors that are likely to benefit if BJP retains power. Going by promises made in BJP's election manifesto, all-things-capex is emerging as the biggest investing mantra before elections.

stocks are under the F&O trade ban on Thursday viz. ABFRL, GMR Airports Infrastructure, Hindustan Copper and Vodafone Idea. Piramal Enterprises managed to get out of the ban while GMR Airports Infrastructure is a new entrant for the day.

Siddhartha Khemka, Head-Retail Research, MOFSL, says if the BJP manages on its own around 340-350 seats, that will definitely enthuse the market to some extent and overall, we are expecting that barring a few days of volatility, market focus will return to fundamentals. On both the macro as well as on the micro front, India stands pretty confident with 6.5 plus percent growth expected for the next two years and 16- 18% corporate earnings growth for next two years. Are we headed for a sell-on-news market on June 4 and do you think a market which is already easing off, has a chance to go up or will it be down? Siddhartha Khemka: There are various possible scenarios and outcomes and based on that, the market could react. There is a lot of talks and a lot of reports being floated around with respect to how market would react to the number that the BJP kind of garners, so anything between that 310-320 would be a scenario where I would believe that it is a news or event that is already discounted for and we could see some partial profit booking after that.

Nifty has continuously gained on charts making higher highs and higher lows. The index made its new all-time high of 23,110 on Monday. The index has shown some correction since hitting its all-time high and closed very close to its 10-DEMA at 22,700.

Gold prices were flat on Thursday, as investors awaited a key U.S. inflation reading that could provide further insights into the Federal Reserve's policy path. FUNDAMENTALS

R Praggnanandhaa claimed his maiden classical game victory over world number one Magnus Carlsen to take the sole lead in the Norway Chess tournament here. The 18-year-old Indian, who has beaten Carlsen in the rapid/exhibition games quite a few times, took the leader's position with 5.5 points after three rounds. Praggnanandhaa was playing with white pieces and his victory pushed home favourite Carlsen to the fifth spot in the points table. Classical chess, also known as slow chess, allows players significant amount of time to make their moves, usually at least one hour.

Buy or sell stocks for today: Following weak global market sentiments on soaring crude oil prices due to heightened tensions in the Middle East, the Indian stock market ended lower for the fourth straight session. The Nifty 50 index lost 183 points and closed at 22,704, the BSE Sensex finished 667 points lower at 74,502 whereas the Bank Nifty index crashed 640 points and ended at 48,501.

S&P Global has raised the outlook on India’s credit rating to “positive" from “stable" while affirming its rating of BBB minus. It cited robust economic growth and improved expenditure quality for the move, which puts India’s sovereign rating in the reckoning for an upgrade.

Sensex declined 667.55 points, or 0.89%, to close at 74,502.90, while the Nifty 50 settled 183.45 points, or 0.8%, lower at 22,704.70.Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — May 30“Though FII selling intensity has reduced, the caution is increasing as we near the big event outcome which is resulting in profit booking. The volatility is expected to be heightened in coming sessions, thus it is advisable to traders to stay on the sidelines and not get too aggressive.

Sensex declined 667.55 points, or 0.89%, to close at 74,502.90, while the Nifty 50 settled 183.45 points, or 0.8%, lower at 22,704.70.Nifty 50 formed a bearish candlestick pattern on the daily charts with an upper shadow.Also Read: Indian stock market: 6 key things that changed for market overnight - Gift Nifty, US stocks, to rise in Treasury yields“On the daily chart, the uptrend has weakened. Wednesday’s negative closing has led to the Nifty closing below the previous swing high of 22,795. Nifty nevertheless continues to hold above the 20 and 50-day SMA.

Mumbai, the temperature typically ranges from 35 to 36 degrees Celsius during the summer, which is considered normal. However, due to high humidity levels ranging from 80% to 90%, the perceived temperature can feel 40 degrees Celsius even at 35-36 degrees Celsius.

Dividend stocks: GPT Infraprojects Ltd and LT Foods Ltd shares will trade ex-dividend on Thursday, May 30, following announcements from their respective Boards of Directors declaring interim dividends for eligible shareholders. May 30 has been established as the record date for determining shareholders' eligibility for these dividends.ALSO READ: Multibagger stock: Cummins India records over 270% surge in 2 yearsGPT Infraprojects: GPT Infraprojects Ltd has declared a third interim dividend of 10% ( ₹1 per share) on the face value of its equity shares (Rs.

Q4 FY2024 Earnings: The Indian equity market is expected to buzz on May 30, 2024, as 908 companies will post their earnings for the fourth quarter that ended March 31, 2024. Among these companies, ten notable ones are Apollo Hospitals Enterprise, Bharat Dynamics, Black Box, Gateway Distriparks, Godfrey Phillips India, Hindustan Adhesives, Muthoot Finance, Reliance Capital, Reliance Infrastructure, and Welspun Corp.First Custodian Fund (India), Fourth Generation Information Systems, Aanchal Ispat, Aarey Drugs & Pharmaceuticals, Aartech Solonics, Aashka Hospitals, Aayush Food and Herbs, Abhishek Infraventures, Arunjyoti Bio Ventures, Ace Software Exports, Amrapali Capital and Finance Services, ACS Technologies, Active Clothing Co, Adarsh Mercantile, Aditya Ispat, Archidply Decor, ADS Diagnostic, Aditya Forge, Advait Infratech, Advik Laboratories, Advance Lifestyles, Artemis Electricals and Projects, Affordable Robotic & Automation, Ambassador Intra Holdings, Authum Investment & Infrastructure, Ajanta Soya, Ajel, AJR Infra And Tolling, AKM Creations, A.K.

F&O ban list: The National Stock Exchange (NSE) banned trading in four stocks on Thursday, May 30, 2024, in the futures and options (F&O) segment due to their exceeding 95% of the market-wide position limit (MWPL).However, these stocks will be available for trading in the cash market. The NSE updates the list of securities in the F&O ban for trade every day.ALSO READ: Multibagger stock: Cummins India records over 270% surge in 2 yearsF&O ban list todayAditya Birla Fashion and Retail, GMR Airports Infrastructure, Hindustan Copper, and Vodafone Idea are among the four stocks on the NSE's F&O ban list for May 30.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 currently placed in the ban period by the stock exchange.“It is hereby informed that all clients/members shall trade in the derivative contracts of said security only to decrease their positions through offsetting positions.

Indian Meteorological Department (IMD), these states' heatwave-like conditions will gradually decrease in the next 2-3 days. Take a look at today's IMD weather forecast.-Heatwave to severe heat wave conditions likely to reduce gradually over Northwest and Central India from 30th May.-Heatwave to severe heatwave conditions very likely in isolated pockets of Bihar, Jharkhand, Odisha on 30th and isolated heatwave conditions on 31st May and 01st June.Also Read: Red alert in Delhi: IMD warns of severe heatwave across 6 states today; IMD issues rainfall alert in Arunachal, 7 others-Heatwave conditions are very likely in isolated pockets of Vidarbha, Chhattisgarh, Jammu division, Himachal Pradesh on 30th May 2024.-Severe heatwave conditions will likely to prevail in isolated pockets of Vidarbha, Chhattisgarh, Jammu division, Himachal Pradesh on 30th May.Also Read: Delhi on fire: Capital city hits record 50.5 degrees as IMD predicts 'severe heat-wave conditions'-People in Goa will continue to suffer from hot and humid weather in isolated pockets of Konkan and Goa on 30th and 31st May.The National Capital will witness a severe heatwave (with slightly reduced intensity) today, May 30.

Mint poll of economists. According to the median estimate of the 20 economists, GDP growth slowed to 7.0% in January-March from 8.4% the previous quarter mainly due to the slowdown in industrial growth and subdued agricultural activities. However, strong growth in all quarters, with three of the four printing 8%-plus growth, would result in GDP growth rising to 7.9% in FY24 from 7.0% the previous year, according to estimates by 19 economists.

Top Events on May 30: India is all set to witness various political, technological, sports, and entertainment events today. PM Modi will be on a three-day break from political meetings, while Yogi Adityanath will hold a public meeting in Himachal Pradesh and Rahul Gandhi will visit Odisha today. India and France will begin the talks on the Rafale Marine fighter jet deal in Delhi on Friday.

JPMorgan Chase, has shared his morning routine. In an interview with the Wall Street Journal, Dimon was asked how he starts his day and spoke about the newspapers he reads to catch up with US and global events."I wake up usually at 4:35 am.

FTAs)," US Ambassador to India Eric M. Garcetti said in an interview. "But I do think that there's an openness in Washington to advance a discussion about preferential trade between our countries.

At 2.30pm on Wednesday, the NCR’s temperature hit a shocking 52.3 degrees Celsius, its hottest day ever, according to a screenshot taken by Mint. Earth sciences minister Kiren Rijuju later said this was “not official yet" and described such a high temperature as “very unlikely" while asking the weather office to verify the report. Nonetheless, extreme hot weather is increasing both in duration and intensity.

IRB Infrastructure Developers are likely to sell a 4% stake in the company on Thursday to raise ₹1,512 crore ($181 million), according to a term sheet reviewed by ET. The selling entities include IRB Holding Private and Deepali Virendra Mhaaiskar.