India Financial News

Sensex rose 88.91 points, or 0.12%, to close at 74,005.94, while the Nifty 50 settled 35.90 points, or 0.16%, higher at 22,502.00. The Indian stock market was shut on Monday on account of the Lok Sabha elections in Mumbai. Also Read: Indian stock market: 7 key things that changed for market overnight - Gift Nifty, Nasdaq at record high to oil prices Nifty 50 formed a small range candle on the daily chart, which indicates an uptrend continuation pattern.

Also Read: Stock market today: Sensex, Nifty 50 end in green in the second special trading session; all sectoral indices shine Two special live trading sessions were held on Saturday, May 18, for the domestic benchmark indices. First, from 9:15 IST to 10 IST, from a primary site; second, from 11:30 IST to 12:30 IST, from a site dubbed the disaster's recovery site. According to Arvinder Singh Nanda, Senior Vice President of Master Capital Services Ltd., the benchmark indices had a strong run and made up for the losses from the previous week.

HDFC Asset Management, in an interview with Prashant Mahesh, spoke about Indian equity valuations, investment opportunities, and risks among other issues. Edited excerpts: India's stock market valuations are considered rich after the near one-way move since Covid. What are your thoughts?

support for Nifty is around 22,300, followed by 22,100-22,000; and any dips should be seen as a buying opportunity as the index could attempt to rally towards new record highs soon, according to technical analysts. Stocks such as M&M, TVS Motors, Coal India, Grasim, ACC, Gail, Concor, National Aluminium, MTAR Tech, APL Apollo, Exide, Aurobindo Pharma and HEG could witness strong buying interest, analysts said. SUDEEP SHAH HEAD — TECHNICAL & DERIVATIVE RESEARCH, SBI SECURITIES

Emaar India announces a new project in a tier-2 city, the real estate developer’s chief HR officer Madhuri Mehta’s LinkedIn account gets flooded with messages from professionals looking for jobs back in their hometowns. “These people are a potential talent pool,” said Mehta, citing instances of professionals who want to move back home…from, say, Delhi to Mohali. She said Emaar is hiring actively in cities like Indore, Jaipur, Mohali and Lucknow, where they have projects. Job opportunities are growing across sectors in tier 2 and 3 cities, and professionals are eager to join, recruiters and firms said. Escalating living costs and infrastructural challenges in metros are prompting executives to move to smaller cities. Companies, on their part, are drawn by cheaper land costs, lower salaries and easy talent availability, besides rising disposable incomes in these cities.

Media and entertainment industry stakeholders have urged Telecom Regulatory Authority of India (TRAI) to restrict its recommendations on the National Broadcasting Policy (NBP) to the broadcasting sector and exclude non-broadcasting issues like OTT, online gaming, film, and music as they are beyond its remit.

Tata Steel has signed an agreement with National Grid Plc's Electricity System Operator to build the power infrastructure required to switch its Port Talbot site to a green steel project.

violence were reported from West Bengal on Monday as BJP and Trinamool workers got injured during clashes in parts of Barrackpore, Howrah, Bangaon and Arambagh seats.

JB Pharma forecasts its revenues to grow 12-14% and the earnings before interest, tax, depreciation, and amortisation (Ebitda) margins by 27-28% in FY25, the company's top executive said.

death of Iranian executive President Ebrahim Raisi and Foreign Minister Hossein Amirabdollahian in a helicopter crash on May 19 was a highly disruptive event that will test Iran and West Asia, both already in mayhem.

Prices of Indian lab-grown diamonds (LGDs) have crashed by 45% in FY24 due to overproduction in the global markets. In FY24 global production of lab-grown diamonds stood at 40 million carats, which is almost 33% higher than FY23 production.

Calcutta High Court on Monday came down heavily on the Election Commission of India for not resolving complaints filed by political parties during the Lok Sabha elections.

New Delhi: Oil India reported a 13% increase in profit for the March quarter to ₹2,029 crore on high oil prices. Revenue from operations increased 2% year-on-year to ₹5,757 crore in the fourth quarter of 2023-24. Dividend and interest income doubled to ₹785 crore from ₹388 crore in the year-ago period.

Department of Telecommunications (DoT) aims to notify the rules under the Telecommunications Act, 2023 within 100 days of the new government taking charge.

Gautam Buddh Nagar district administration on Monday announced summer vacations for students of classes 9 to 12 across all schools in Noida and Greater Noida amid severe heatwave conditions. Summer holidays for students in classes up to 8 have already been declared in the district.

Ukraine-Russia conflict and other geopolitical tensions, External Affairs Minister S Jaishankar on Monday said a "storm" is brewing and it is going to get worse while asserting that it is absolutely vital to have a "safe pair of hands" to take India through this very difficult period. He was speaking during an interaction held at a Delhi Tamil Education Association-run school in the national capital, days ahead of the polling for the ongoing Lok Sabha election here.

polling was recorded in Ladakh on Monday in the election to decide the fate of three candidates in the fray for the lone Lok Sabha seat in the Union territory, polling officials said here. They also said that the voter turnout in Kargil was 71.45 per cent and 62.50 per cent in Leh.

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immediate effect," the government said, according to PTI. The strict direction came amid scorching heatwave conditions in Delhi, with the Najafgarh area of the national capital recording a temperature of 47.5 degrees Celsius, the highest in the country. The Indian Meteorological Department has issued a Red alert for the next five days, predicting heat wave conditions in many parts of Delhi and high temperatures in other areas.

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