India Financial News

Stock market today: Despite a general sell-off in early morning deals on Dalal Street, Polycab's share price managed to hold its ground, drawing significant attention from bullish investors. This is particularly noteworthy when considering the broader market trend. Opening at ₹6,269 per share on NSE and reaching an intraday high of ₹6,468.90, Polycab's share price not only climbed to a new intraday high but also a new lifetime high.

Also Read: Can Indian stock market crash further before Lok Sabha election result? Users of social network forum Reddit contemplated on the question whether the stock market will slide down if the INDI alliance comes to power. Most of the users anticipate a knee-jerk reaction if BJP loses power, but they expect the market to continue to grow in the long-term, regardless of the party in power. “It doesn't matter which party is in power.

GST calculator can significantly benefit your Indian e-commerce venture: One of the primary benefits of using a GST calculator is its ability to compute GST liabilities accurately. Different product categories attract different taxes. With varying tax rates and complicated rules governing input tax credits, performing manual calculations can be cumbersome.

Dainik Jagran revealed that Rohit Sharma is considering retiring from the T20 format after the World Cup, and the Board for Control of Cricket (BCCI) wants Hardik Pandya to take over the team's command in the shortest format of the game. The report comes months after Hardik Pandya replaced Rohit Sharma as the captain of Mumbai Indians, which didn't go very well with the fans. The all-rounder faced severe trolling on social media and booing from hostile crowds in the stadium.

Cipla, Asian Paints and HDFC Life as the top gainers. On the flip side, shares of Tata Motors, BPCL and Shriram Finance ended as the top losers in the index.

3 key reasons why RBI will not cut rates this year: Elara Capital In its last policy meeting in April, RBI Governor Shaktikanta Das highlighted concerns over food price uncertainties even as he expressed optimism that a record rabi wheat production would help ease price pressure. Moreover, the prospects of a normal monsoon are expected to augur well for the kharif season. Brokerage firm Nirmal Bang expects CPI inflation to come in at 4.91 per cent in April 2024.

Rashtriya Janata Dal candidate from Patliputra Lok Sabha constituency, Misa Bharti, filed her nomination for Lok Sabha Elections on Monday.

Delhi chief Devender Yadav on Monday said the party will hold around five to seven town halls in the national capital ahead of the Lok Sabha elections. Congress leader Rahil Gandhi will take part in one of the town halls, he said.

Dalal Street's volatility indicator India VIX, also known as the fear index, on Monday zoomed 16% to fly past the 20-mark for the first time in the last one year. After suddenly crashing 20% to sub 10-levels on April 23, the index has been rising non-stop. In the last 13 sessions, the index has doubled.

International Monetary Fund warned the Maldives against looming «debt distress» Monday, as the small but strategically placed luxury tourist destination looks set to borrow more from main creditor China.

Joint Military Exercise "Shakti" is set to commence on May 13 at the Joint Training Node in Umroi, Meghalaya.

Tube Investments of India Ltd. fell 3.6 per cent to Rs 3941.9 in Monday's trade as of 02:09PM (IST) even as the benchmark Nifty ruled at 22099.7, up 44.5 points. The scrip had closed at Rs 4089.5 in the previous session. The stock quoted a 52-week low of Rs 2622.35 and a high of Rs 4159.5. The company quoted a market-cap of Rs 79093.2 crore on the BSE.

With India VIX jumping 43% in May, it is advised to market participants that they remain cautious in building fresh positions and it would be prudent to adopt a wait and watch policy, and focus on quality stocks with a longer-term perspective, and that also in an SIP mode, Aamar Deo Singh, Senior Vice President-Equity, Commodity & Currency at Angel One said. This analyst spells-out strategy in previous week’s major movers viz. Manappuram Finance, Canara Bank and Yes Bank and three more stocks. Here’s what he recommends: A hard week for markets with Nifty declining 2.6% WoW. Do you see this as an election led correction or there is more and what levels should one watch out this week and in the run-up to June 4 when the outcome unfolds? Aamar Deo Singh: Investors appear to be adopting a cautious approach ahead of the outcome of the general elections, and that is evident in the markets as a broad sell-off is visible across sectors.

Jaideep Kewalramani, COO and Head of Employability Business of TeamLease Edtech, says the rapid growth makes it difficult to precisely quantify the change in open positions over the past three years, especially as the segment is dynamic and evolving. “As a sunrise industry, the demand for semiconductor professionals has surged significantly. While specific data may vary across companies and sub-sectors, a conservative estimate suggests a compound annual growth rate (CAGR) of around 100% in open positions over the last three years,” he says. But experts point out that there is no doubt about the rising demand for talent in this segment.

financial institutions and public sector undertakings. It is suitable for those investors who have a lower risk appetite and want to earn returns which are higher than bank fixed deposits or those from savings bank accounts. There are currently 23 active banking & PSU banks with net assets under management (AUM) at Rs 80,730 crore as of April 30, 2024 according to data released by Association of Mutual Funds in India (Amfi). Over the last 12 months, average returns given by this category is 6.43%. The top five funds in this category are ICICI Pru Banking & PSU Debt Fund(G), ICICI Pru Banking & PSU Debt Fund(G), HDFC Banking and PSU Debt Fund-Reg(G), ITI Banking & PSU Debt Fund-Reg(G) and Franklin India Banking & PSU Debt Fund(G). These funds have outperformed the benchmark Crisil 10 Yr Gilt Index which has delivered 6.26%.

₹176 ($2.1) per day, last updated in 2017, is one of the lowest in the Asia-Pacific region, surpassed by China’s $11.9, Vietnam $6.5 and even Bangladesh’s $3.7. Brazil’s minimum wage of $47 per day is closer to the figure in developed economies like Australia ($14.8 per hour), the UK ($14.1) and the US ($7.2). While India’s minimum wage remains unchanged, the government routinely updates its dearness allowance (DA) for central government employees.

₹23 crore of which over ₹2.96 crore is movable assets and ₹20.60 core as immovable assets. The AIMIN chief also declared liabilities of ₹7 crores including himself and his spouse. 1.

Mint’s Plain Facts section brings out an update on key global economic data to thread together the biggest developments in the world that are worth paying attention to. The accompanying analysis and charts explain how each story is creating ripples on the global stage, where it is headed in the coming weeks, and whether it can impact India. This time, we explain how monetary policies have diverged around the world and why the debt situation has become a reminder of the Napoleonic Wars.

Kejriwal calls for termination of Agniveer Scheme amidst 10 major guarantees The Supreme Court on Friday granted interim bail to Kejriwal till June 1. Justices Sanjiv Khanna and Dipankar Datta said Kejriwal will have to surrender and go back to jail on June 2. The AAP supremo has been given interim bail for campaigning in the ongoing Lok Sabha elections.

Also Read: Stock market crash: Why is Indian stock market down today? — explained with 5 major reasons In its monthly outlook report, the UBS analyst remains upbeat on India’s economic outlook, supported by better-than-expected momentum in domestic economic activities. However, geopolitical uncertainty could pose downside risks. Let us take a look at UBS outlook on Indian stock market, economy, fixed income securities and currency.

IIFL Securities Limited, a leading financial services house, today said that it has appointed Mr. Nemkumar H, Whole-Time Director on the Board, as the Managing Director with effect from May 15, 2024 for a period of 5 years. Mr.