India Financial News

benchmark equity indices Nifty and Sensex hit fresh record highs on Friday, led by banking and financial stocks, despite robust economic data in the U.S. dampening hopes of early interest rate cuts. The BSE Sensex was trading 77 points higher at 75,495. Nifty50 was trading at 22,970, up 2 points at around 9.46 am.

West Bengal Governor CV Ananda Bose has criticised Chief Minister Mamata Banerjee over the killing of an elderly woman in Nandigram in Purba Medinipur district. Bose directed Banerjee to take immediate action and submit an action taken report to him, a source told PTI. In an official communication, Bose «cautioned» Banerjee to end what he described as a «blood bath» and ensure all necessary actions are taken within the parameters of the Model Code of Conduct (MCC). The governor expressed strong disapproval of what he termed state government-sponsored violence in Nandigram and stressed that any constitutional violations would be taken seriously, with appropriate actions to follow. The communication was sent to the state secretariat on Thursday evening.

Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today - May 24The domestic benchmark indices, the Nifty 50 and the Sensex, set fresh closing highs on Thursday due to gains in banking stocks. The nation's budget deficit may be on the decline, as shown by the record dividend paid by the central bank to the government.The domestic equity indices reached a new peak on Thursday as the Nifty 50 closed over 22,900.Also Read: Stock market today: Trade setup for Nifty 50 to India VIX, five stocks to buy or sell on Friday — May 24The Nifty 50 closed 369.85 points, or 1.64%, higher at 75,418.04, while the Sensex surged 1,196.98 points, or 1.61%, to conclude at 22,967.65.Seasoned Executive Director at Choice Broking with a strong track record, Sumeet Bagadia has shared his professional advice on five breakout stocks that are now worth buying: Cochin Shipyard Ltd, Saregama India Ltd, Rail Vikas Nigam Ltd, Olectra Greentech Ltd, and Mazagon Dock Shipbuilders Ltd.1] Cochin Shipyard Ltd: Buy at ₹1,890.25, target ₹2,000, stop loss ₹1,825 ;2] Saregama India Ltd: Buy at ₹4,66.35, target ₹495 , stop loss ₹450;3] Rail Vikas Nigam Ltd (RVNL): Buy at ₹372.25, target ₹399, stop loss ₹360;4] Olectra Greentech Ltd: Buy at ₹1,808.70, target ₹2,010, stop loss ₹1,710; and5] Mazagon Dock Shipbuilders Ltd: Buy at ₹3,125.75, target ₹3,333, stop loss ₹3,020.Also Read: Dividend stocks: Vedanta, Tata Consumer Products, QGO Finance shares to trade ex-dividend on May 24The market is seeing a 1,000 point rebound from 21,800 levels as FIIs are positioning themselves in the long:short ratio, which is up from 26% longs, according to Soni Patnaik, Assistant Vice President, Equity Derivatives Research, JM Financial Services.

Q4 results today: Investors and market analysts are eagerly anticipating the financial results of several major corporations such as Bosch, Hindalco, Ashok Leyland, and Zee Entertainment Enterprises Ltd (ZEEL) are set to reveal their Q4 earnings today, alongside 252 other companies. These announcements are expected to provide critical insights into the financial health and performance of these industry giants, influencing market trends and investor decisions.63 Moons Technologies, Abirami Financial Services (India), ABM Knowledgeware, Aditya Consumer Marketing, Adcon Capital Services, Adishakti Loha and Ispat, Advance Multitech, Advance Petrochemicals, Aegis Logistics, Affle (India), Agarwal Fortune India, A.K.

Abki baar 400 paar slogan came from people's hearts. “From 2019 to 2024, we had 400 seats with the support of our allies. For example, if a child in your family scored 90 marks, and his competitors only got around 40 marks, you will always encourage your kid to achieve 95 marks next time.

UK general election gathers momentum after British Prime Minister Rishi Sunak surprised many this week with a snap summer poll on July 4, exactly a month after India's election results on June 4, the prospect of an India-UK free trade agreement (FTA) has been kicked into the long grass. While political analysts and strategic experts have expressed confidence that very little should change on the bilateral relationship front whatever the outcome in either election, the very small window that was open for a deal being clinched by the Sunak-led Tory government has now been swept away in the election wave of both countries. The Opposition Labour Party, in the lead in most pre-election surveys, has committed itself to «finish the job» but the timelines will remain uncertain for some time.

Label Padhega India' campaign, an important step in building domestic consumer activism and fostering awareness, underscores the inherent issues related to product labelling locally. Still, products aimed at more sensitive consumer segments, such as children, may undergo greater manufacturer scrutiny. «Label Padhega India campaign has the potential to become the second largest consumer campaign after the 'Jaago Grahak Jaago' campaign by the Indian government,» said Harish Bijoor, brand strategy specialist. «However, for that to happen, the digital marketing has to be strong. Companies will not pay heed to the campaign until it gains larger traction and manages to yield a change in consumer behaviour. The onus on the influencers is to garner traction for the campaign by advertising it on a larger scale across media.» Product labelling in India faces several issues — ranging from non-compliance with the regulations, language barriers, misinformation and misleading claims, inconsistent labelling standards, illegible labels, lack of transparency, inadequate enforcement of the labelling regulations and imported goods not meeting the Indian labelling standards.

bananas to a food market from a few hundred kilometers away. With no refrigeration in his storeroom, a single-day delay in selling the bananas can reduce the value of his stockpile by at least 10%. When they arrive, he will sort through bushels and inspect the skins for signs of decay. “There’s a huge loss during summer months if the sales lag,” he said.

Cricbuzz, the Former England captain said, “A brilliant season. You talk about retirement with Virat Kohli, I look at this in a way that he can play for long. He is that fit.

Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today - May 24Meanwhile, volatility is increasing ahead of the election phases which could cause a bumpy ride in the market for the time being. Taparia believes India VIX needs to fall below 16-18 zones for stability and a smoother ride in the market.Option data suggests a broader trading range in between 22,500 to 23,500 zones while an immediate range between 22,700 to 23,200 levels.The Bank Nifty index witnessed strong buying interest on Thursday as it surged over 1,000 points from lower levels.

Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today - May 24The headline index saw a record rise, according to Vinod Nair, Head of Research at Geojit Financial Services, with prominent industries like banking and autos outperforming. Bond rates should decrease as a result of the RBI's historic payout, which is comparable to an indirect rate drop.

Hewlett Packard Enterprise’s (HPE) Communications Technology Group (CTG) for $225 million, approximately ₹1,874 crore, in an all-cash transaction, as per an exchange filing.According to a joint statement from the companies, around 1,500 employees and 700 contractors experienced in telecom engineering services across various countries—such as Spain, Italy, India, Japan, China, the Americas, and the APAC region—will transition to HCLTech as part of the agreement.HCLTech stated in a regulatory filing that the deal involves the “purchase of certain assets (CSS) of Communications Technology Group, a business division of Hewlett Packard Enterprise Company". CSS delivers engineering services to leading global Communications Service Providers (CSPs) leveraging its intellectual properties in a global delivery model" with a total purchase price of $225 million.This acquisition will bolster HCL Technologies' position in the telecom sector by enhancing its engineering services and utilizing CSS' intellectual property, solutions, and talent at prominent CSPs across Europe, Japan, the Americas, and the APAC region, including 20 of the top 30 CSPs worldwide.HCLTech CEO and Managing Director C Vijayakumar said, "With this transaction and our planned strategic partnership with HPE, we are strengthening our telecom practice to address the rapidly expanding and transforming global telecom market.

Also read | Prashanth Prakash: Master Mentor For Lakshminarayanan, used to moving frequently and living in different countries, this unexpected start to his new role driven by the pandemic was just another problem that needed to be worked out. “You are just able to move on quickly," he says about the impact that constant travelling and moving have had on him.

₹27.1 lakh for failing to disclose their names as significant beneficial owners (SBOs) of LinkedIn Technology Information Pvt Ltd under Indian rules. The company is said to be pleading not guilty.

Sensex jumped 1,196.98 points, or 1.61%, to close at 22,967.65, while the Nifty 50 settled 369.85 points, or 1.64%, higher at 75,418.04.“We expect this positive momentum to continue on the back of an improving political environment, continued short covering by FIIs, and strong domestic macros. Sectors like Defence, Banking, and Railways are expected to remain in focus," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.Here are key global market cues for Sensex today:Asian markets traded lower on Friday tracking overnight losses on Wall Street.

Sensex jumped 1,196.98 points, or 1.61%, to close at 22,967.65, while the Nifty 50 settled 369.85 points, or 1.64%, higher at 75,418.04.Nifty 50 formed a long bullish candlestick pattern on the daily charts, signaling strong buying interest.Also Read: Indian stock market: 8 key things that changed for market overnight - Gift Nifty to Nvidia share price rally“The 20-period moving average (MA) remains above the 50-period MA indicating that the positive MA crossover is intact. This augurs well for the near-term uptrend to continue.

The room on the roof is my sanctuary, my escape from the world. — The Room on the Roof, Ruskin Bond It’s been almost 70 years since The Room on the Roof, a coming-of-age story about Rusty, a lonely young Anglo-Indian boy, was first published. In those seven decades, its author Ruskin Bond has himself become a sort of sanctuary for generations of Indians, their place of escape from the world. It’s a place of whistling night trains, whispering deodar trees and wistful ghosts.

visa fees could make doing business extremely difficult for Indian IT service providers and make a significant dent on their pockets. The Indian IT industry relies on H-1B visas to take tens of thousands of highly skilled workers to the US for specialty occupations as such professionals are in short supply there.

short covering, improving investor’s sentiments towards the election outcome and healthy macros highlighted by the record dividend payout by RBI. «We expect this Positive momentum to continue on the back of an improving political environment, continued short covering by FIIs, and strong domestic macros. Sectors like Defence, Banking, and Railways are expected to remain in focus,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.

Tata Consultancy Services (TCS), India’s second-largest company by market value, believes realising the full potential of generative artificial intelligence (GenAI) will require more time, although the global technology services major has begun to see sufficient traction in this revenue stream. “Customers are actively seeking proof of concepts (POCs) to explore the efficiencies offered by Gen AI in application development, maintenance, and deployment automation,” Siva Ganesan, head, TCS’ AI.Cloud business unit, told ET. “However, realizing the full potential of Gen AI will require time, as enterprises and society grapple with various challenges.”

India's benchmark indices soared to fresh all-time highs on Thursday as the Reserve Bank of India's larger-than-expected dividend payment to the government prompted traders to cover some of their bearish bets. Receding uncertainty over the BJP's performance in the general elections also bolstered sentiment, with the NSE Nifty ending a whisker away from 23,000. The key index closed at a record 22,967.65, up 369.85 points or 1.64%, after hitting a peak of 22,993.60 during trade. The BSE Sensex rose 1,196.98 points, or 1.61%, to end at 75,418.04.