India Financial News

₹186.20 apiece on the BSE, the stock touched an intraday high of ₹191.50 and an intrday low of ₹182.05. According to Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, the IREDA share price has seen a gap-up opening and is now sustaining above the previous key hurdle of 180. A close above 180 will trigger a strong upside in the near term, possibly towards 210, and support would be 170.

Ashish Kacholia portfolio: After ushering into a new financial year, a section of the stock market investors starts scanning the shareholding of ace investors. This exercise helps them find a value pick that has attracted investments from the market magnates. For such Indian stock market investors, there is a piece of stock market news today.

Who won yesterday IPL match? Top highlights of last night's CSK vs SRH match Taking a dig at his critics during the post-match discussions, Kohli said, “All the people who talk about strike rates and me not playing spin well are the ones who love talking about this stuff. But for me, it's just about winning the game for the team. And there's a reason why you do it for 15 years - because you've done this day in [and] day out; you've won games for your teams." "I am not quite sure if you've been in that situation yourself to sit and speak about the game from a box.

Lok Sabha Elections 2024: Prime Minister Narendra Modi dismissed concerns raised by the opposition parties that India is heading towards an autocracy. In an interview with The Times of India, he also took a jibe at Congress leader Rahul Gandhi, referring to him as 'Yuvraj' and saying that the opposition's actions exemplify a scorched earth policy. "This is an example of the scorched earth policy.

The 2G spectrum judgement of 2012 is making headlines again. The government is pleading at the Supreme Court (SC) for an amendment to its landmark telecom auctions ruling that mandated the sale of 2G spectrum to the highest bidder. But the Centre wants to allocate some spectrum through administrative means, such as licensing—an approach often used for procuring services from the private sector.

₹12,966 apiece on the BSE with its market capitalisation surpassing ₹4 lakh crore. Maruti Suzuki India, the largest passenger car manufacturer in India, reported a net profit of ₹3,878 crore in Q4FY24, registering a sharp growth of 48% from ₹2,623 crore in the corresponding period last year. The company’s revenue from operations during the quarter rose 19.3% to ₹38,235 crore from ₹32,048 crore, YoY.

The police crackdown on protests against the Gaza War in American universities, where students were staging sit-ins to demand a rollback of policies seen to be supportive of Israel’s offensive that has left over 35,000 Palestinians dead so far, leaves one aghast. Reminiscent of how the 1960s’ peace protests over the Vietnam War were thwacked back, cops used the sort of brutal force that makes the country’s claims of free-speech tolerance ring hollow across a globe that the US says is seeing a clash of democracy and autocracy, with America on the side of freedom.

Uttarakhand Forest Fires: An ongoing firefighting operation aided by an Indian Air Force (IAF) helicopter persisted for the second consecutive day on Sunday in Uttarakhand's forests, officials confirmed to PTI. The state documented eight new forest fires within the last day, consuming 11.75 hectares of land. The previous day saw 23 incidents, which ravaged 34.175 hectares, as stated in the forest department's daily report, it added.

Raghav Chadha with fugitive Vijay Mallya. According to reports, the channel disseminated misleading content concerning the Delhi liquor scam and made claims that AAP sold tickets for elections.

As nations, both India and the US have shared civilizational values, especially the unshakeable belief in democracy as a just and equitable political model. There is another critical area where commonality seems to be emerging: the path that leads from monetary policy to the political economy. The US central bank, the Federal Reserve, and the Reserve Bank of India (RBI) are both confronted with a quandary that has implications for the theatre of politics.

Stock market today: After the profit-booking trigger on Friday, the Indian stock market snapped its five-day winning streak in the previous session. The Nifty 50 index lost 150 points and closed at the 22,419 level, the BSE Sensex shed 609 points and finished at the 73,730 mark whereas the Bank Nifty index corrected 293 points and ended at the 48,201 level. However, the broad market continued to rally northward even as the advance-decline ratio remained firm at 1.06:1.

Prime Minister Narendra Modi accused the grand old party of the Bengaluru's Rameshwaram Cafe blast. Moreover, he also alleged the party taking support of the banned Popular Front of India (PFI)-the anti-national organisation that supported terrorism in the state. "The way Congress has taken the help of PFI for the vote bank encourages them.

Top Events of the Day: PM Modi will address a rally in Pune at the Race Course. Mahindra & Mahindra to launch its Mahindra XUV 3XO. Meanwhile, SC will hear the West Bengal government’s plea against Calcutta HC’s order in the Sandeshkhali Case.

Q4 results today: A total of 35 companies will announce their financial results for the fourth quarter of FY24 today, April 29. Also Read: Q4 results: 211 companies to declare earnings this week UltraTech Cement, Trent, UCO Bank, KPIT Technologies, Poonawalla Fincorp, Tata Chemicals, Gillette India, PNB Housing Finance, Birlasoft, KFinTechnologies, Can Fin Homes, Vesuvius India, Shoppers Stop, Spandana Sphoorty Financial, eMudhra, Tips Industries, Jana Small Finance Bank, and Fedbank Financial Services will announce their Q4 results today. Rossari Biotech, LG Balakrishnan and Brothers, Shipping Corporation of India Land And Assets, Indostar Capital Finance, Satin Creditcare Network, Veefin Solutions, Aurum Proptech, Ador Fontech, Quest Capital Markets, Lagnam Spintex, CNI Research, Sumeru Industries, and Jumbo Bag are also scheduled to release their Q4 FY24 earnings during the day.

Edited excerpts: Indian investors predominantly stick to a market capitalization-based investment approach; a bulk of it focussed on large, mid, or small-cap stocks. However, the concept of investing in various styles or themes hasn't gained much traction yet. Themes have demonstrated long-term growth potential in India.

Maruti Suzuki India: The company reported a standalone net profit of ₹3,878 crore for the quarter ending March FY24. This represents a 47.8 percent increase from the same period last year, largely due to robust operational figures and increased other income. However, the overall results fell short of market predictions.

Prajwal Revanna, who is accused of sexual assault on thousands of women, filed a complaint on Sunday claiming the viral videos are “morphed" and are being circulated to “tarnish his image and poison the minds of voters" during the Lok Sabha elections 2024. Prajwal Revanna had also filed a case against a man named Naveen Gowda. In his complaint, he had alleged that the visuals had been morphed to show him and also obtained an ex-parte injunction from the Principal City Civil and Sessions Court against 89 media houses preventing them from publishing any “defamatory" content about him.

Day trading stocks to buy today: Following weak global market sentiments, the Indian stock market snapped its five-day winning streak on Friday last week. The Nifty 50 index lost 150 points and closed at the 22,419 level, the BSE Sensex shed 609 points and finished at the 73,730 mark whereas the Bank Nifty index corrected 293 points and ended at the 48,201 level. However, the broad market continued to rally northward even as the advance-decline ratio remained firm at 1.06:1.

Gold prices edged down on Monday as a steady U.S. dollar made bullion less affordable for overseas buyers, while investors awaited further clues on when the U.S. Federal Reserve would deliver its first interest rate cut.

It is a long-term investment, has very low costs and comparitively low risk. Investors should look beyond tax and invest more than the deduction limit, Rahul Bhagat, CEO of DSP Pension Fund tells ET Wealth. DSP has returned to the NPS after several years. What made you come back? The pension market has matured and the regulatory framework is more robust now. Instead of applying for a licence every five years, we now have a perpetual licence. The very low charges have also been revised. The charges are still quite low, but enough to make the business viable in the long term. All this gives us confidence to stay in the business for the long term. What makes the NPS a better product than other retirement options?

Initially, when funds reached the RBI’s investment limit in 2022, it was believed to be temporary, with the cap expected to increase soon. However, the cap continues to remain unchanged, having deprived investors of overseas exposure for over two years now. Of the 69 international funds, 26 have been closed in some capacity. Some have been toggling flows intermittently due to limited capacity. The Rs.7,500 crore Motilal Oswal Nasdaq 100 ETF initially paused flows for 3-4 months two years ago, but now remains open, providing liquidity daily based on demand. However, it uses outflows to manage limits and may close at any time. Pratik Oswal, Head, ETFs and Index Funds, Motilal Oswal AMC, points out, “We have some headroom to invest abroad, but we are not encouraging large investors and are giving preference to retail SIP contributions.”