India Financial News

Ashish Kacholia portfolio: Shares of Man Industries (India) Ltd are one of the multibagger stocks that the Indian stock market has delivered in recent years. This multibagger stock has doubled investors' money in the last six months whereas, in one year, this Ashish Kacholia portfolio stock has given more than 350 percent return to its positional shareholders. However, it seems that ace investor Ashish Kacholia is still bullish on this multibagger stock.

Rail Vikas Nigam Ltd (RVNL), Indian Railway Finance Corporation (IRFC) ,IRCON International , RITES Ltd , RailTel Corporation of India share prices may see up to 30% more upside suggest technical thematic report by Prabhudas Lilladher Pvt Ltd. Rail Vikas Nigam Ltd (RVNL) share price is trading close to ₹284 levels. Prabhudas Lilladher has given a target price of ₹315-340 with a stop loss at ₹255 for Rail Vikas Nigam Ltd (RVNL) share price.

Day trading stocks to buy today: Following weakness in the Asian stock market, the Indian stock market opened lower on Thursday, ending its four-day winning streak that started last Friday. The Nifty 50 index is down by nearly 60 points, the BSE Sensex is down by over 200 points whereas the Bank Nifty today is down by nearly 170 points. Asian equity markets dropped after Meta Platforms Inc.’s disappointing outlook raised concern about whether the industry that has powered the bull market in equities has run too far.

AI adoption, showcasing how Indians are increasingly turning to smart technologies to simplify tasks, from home automation to virtual assistance. An impressive 724 million Indians are already integrated into the AI ecosystem, a number expected to grow by 6% annually. These users engage with AI through a variety of features, including image filters, personalized recommendations, and smart devices, making AI a prevalent force among nearly every internet user in the country.

KPI Green Energy Ltd.(up 5.00%), Inox Wind Energy Ltd.(up 4.37%), GE T&D India Ltd.(up 4.06%), Inox Wind Ltd.(up 3.89%), SJVN Ltd.(up 2.63%), Jyoti Structures Ltd.(up 1.77%), Kalpataru Projects International Ltd.(up 1.53%), JSW Energy Ltd.(up 1.35%), Karma Energy Ltd.(up 1.31%) and Torrent Power Ltd.(up 0.62%) were among the top gainers.

Kotak Mahindra Bank after the Reserve Bank of India barred the lender from taking on new clients digitally. The BSE Sensex was trading 187 points or 0.25% lower at 73,668. Nifty50 was trading at 22,345, down 57 points or 0.26% at around 9.19 am.

Aditya Birla Group (ABG) chairman Kumar Mangalam Birla said Vodafone Idea (Vi) is a national asset, and the successful conclusion of its Rs 18,000 crore follow-on public offer (FPO), India’s largest, marks one such turning point for the telecom industry. “Vi is not just a telecom company. It’s a national asset with 215 million users and about 8000 MHz spectrum. That so many marquee investors participated in this equity issuance is a testament to the government’s vision of a digital India,” Birla said in an official statement following Vi’s FPO listing on the NSE Thursday. He added that the emphatic oversubscription of Vi’s FPO, with the overall book being subscribed 7 times and the institutional book being subscribed 19 times, demonstrates the tremendous potential of the India digital story and Vi’s role in it. “The robust engagement from both foreign and domestic investors is heartening. Notably, the full subscription of the retail portion is truly commendable, given the sheer scale of the offer.”

controversial speech of Prime Minister Narendra Modi targeting Muslims in the country, an e-mail campaign has been started by a few non-resident Gujaratis who are writing to the Election Commission of India seeking action against him. At an election rally in Rajasthan, Modi had alleged that if voted to power, the Congress will redistribute the wealth of the country and give it to the Muslims, drawing criticism both from India’s opposition parties and global media. Speaking to ET from New York, Dakshesh Patel, who is settled in the US, said that a campaign has been launched in this regard and they expect to get at least one lakh emails sent to the EC from all over the globe.

“We believe that each bull run brings forth new leaders due to significant shifts at the company, industry, national, or geopolitical level,” says Anirudh Garg, Partner & Head Research, INVasset PMS. In an interview with ETMarkets, Garg said: “Early in the cycle, we identified that the most significant changes were happening in the Capex and Capex-oriented sectors, and public sector enterprises,” Edited excerpts: Invasset PMS has garnered retention for its impressive performance in the financial year 24, standing out as a top performer. Could you share with us strategies or decisions that led to the success? Anirudh Garg: At Invasset PMS, our approach to the markets is fundamentally quantitative. For most of this financial year, we were in what we call our 'Stage Two — Growth Stage'.

JEE Main 2024 Results marks a significant milestone for aspiring engineers across the nation. The National Testing Agency (NTA) has unveiled the outcome of this rigorous examination, showcasing the achievements of numerous students. Among them, an impressive 56 candidates have attained the elusive 100 percentile, signifying their exceptional performance in the test. Telangana emerges as a frontrunner in this year's results, with 15 of its students clinching the coveted 100 percentile. Following closely behind are Maharashtra and Andhra Pradesh, each contributing 7 top scorers, while Delhi boasts 6 achievers in this prestigious list.

Aditya Birla Fashion & Retail (ABFRL), Hindustan Copper and state-run Steel Authority of India (SAIL). The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market wide positions limits or MWPL. The ban is reversed only if the open interest falls below 80%.

Indian Grandmaster D Gukesh was swamped by fans as he returned to the country here on Thursday after becoming the youngest challenger to the world title by winning the Candidates Chess Tournament in Toronto. Hundreds of students from the Velammal Vidyalaya, the school where Gukesh studies, lined up at the airport at least one hour before his flight landed to greet their 17-year-old fellow student. A sizeable general crowd also built up as his arrival time drew closer and the area around the arrival gate was jam-packed in no time. The youngster walked out at around 3am and he was immediately flanked by the jubilant mass. In no time, he had garlands around his neck even as the police jostled to escort him out safely.

Indian stock market today: A total of three stocks have been banned for trade on Thursday, April 25, 2024, under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as they crossed 95% of the market-wide position limit (MWPL), according to the NSE. However, the stocks will be available for trading in the cash market.

₹90,000 a lot from ₹1.8 lakh for traders of futures contracts and sellers of options contracts. “This could result in increased volumes by participants and narrowing bid-ask (buy-sell) spreads. As VIX is calculated based on index options’ bid-ask spreads, the narrowing spreads will result in lower VIX levels," explains Modi.

severe heatwave over East and South Peninsular region for the next five days, while isolated rainfall is expected in some states including Jammu and Kashmir, Punjab, Haryana, Delhi, Himachal Pradesh, and others till April 28. A red alert for severe heatwave has been issued in West Bengal until April 26.

Karimganj Lok Sabha seat on April 26. As Indian Express reports, the Barak Valley, is experiencing a never before witnessed enthusiasm for the Lok Sabha Polls 2024. But why? Barak Valley in Assam is the nuanced location bordering Bangladesh, and often at the center of Bangali infiltration debate for Assam.

Modi takes a swipe at Sonia Gandhi amid LS polls rally: ‘Those who can’t win...’ On September 19, 2008, the Delhi Police carried out an operation in the national capital to arrest Indian Mujahideen terrorists hiding in which Delhi Police Inspector Mohan Chandra Sharma and two Indian Mujahideen terrorists Atif and Sajid were killed. The BJP president said that the Congress and its allies always stand in support of those who are anti-national and "weaken" the country. "They (Congress) stand with those and sympathise with those who weaken the country.

Q4 results today: A total of 38 companies will announce their financial results for the fourth quarter of FY24 today, April 25. Bajaj Finance, Nestle India, Tech Mahindra, IndusInd Bank, L&T Technology Services, Schaeffler India, ACC, MphasiS, Coromandel International, Laurus Labs, Cyient, Jai Balaji Industries, Himadri Speciality Chemical,Tata Teleservices (Maharashtra), Olectra Greentech, Welspun Living, Zensar Technologies, Tanla Platforms, AAVAS Financiers, and UTI Asset Management Company will announce their Q4 results today.

Mint spoke with said the contribution of automotive firms to revenue from manufacturing or engineering, research and development (ER&D) services of IT companies is now 25-35% compared to 15-20% four years ago. (IT companies do not divulge automotive numbers separately, apart from clubbing them under manufacturing or ER&D heads.) Automotive clients comprise at least 10% of the global ER&D market, which is worth $1.8 trillion, said Kumar Rakesh, India analyst for IT and automotive sectors at financial services firm, BNP Paribas.

Sensex gained 114.49 points, or 0.16%, to close at 73,852.94, while the Nifty 50 settled 34.40 points, or 0.15%, higher at 22,402.40. “We expect this bullish momentum to continue in the markets. Further, a sharp decline in India’s VIX amid the start of elections indicates lower market volatility in the near term.

Buy or sell stocks for today: On account of strong global market sentiments, the Indian stock market finished higher for the fourth straight session on Wednesday. The Nifty 50 index gained 34 points and closed at the 22,402 level, the BSE Sensex surged 114 points and ended at the 73,852 mark whereas the Bank Nifty index went up 218 points and closed at the 48,189 level.