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Pakistan's central bank cut its key interest rate by 150 basis points on Monday in a widely expected move, marking its first rate reduction in nearly four years in its effort to boost growth amid a sharp decline in retail inflation.

₹845. This rally was followed by the company's announcement that it would hold a board meeting on June 14 to consider issuing bonus shares."The meeting of the Board of Directors of the Company will be held on Friday, June 14, 2024, to consider and recommend, interalia, capitalization of reserves by issuing Bonus Shares to the Equity Shareholders of the Company, subject to the approval of the Shareholders," said the company in a filing to the exchanges.Also read: Multibagger Stock: Torrent Power records 240% surge in 17 months, zooms 525% in 5 yearsOver the past year, the company's shares have risen by 61.3 per cent, and in the current calendar year, the stock has surged by 73.5 per cent.

monsoon is likely to enter Gujarat in the next 48 hours, an official of the India Meteorological Department (IMD) said on Monday. Gujarat has been facing intense heat wave conditions for past many days.

Torrent Power, one of the largest companies in the country’s power sector.In the last four sessions, Torrent Power shares gained nearly 10% after the BJP came to power for the third consecutive time, albeit this time as a coalition government for the first time in ten years. Analysts anticipate policy continuity and ongoing infrastructure investments under the potential third term of Prime Minister Narendra Modi.Also Read: BSE Power records 107% surge in a year, 9 stocks including NTPC, Tata Power jump between 100% and 400% – here's why Investors remain optimistic about the government's focus on enhancing the power sector, a cornerstone of its development agenda.

Healthy Life Agritec has demonstrated remarkable value for its shareholders. The stock has given multifold returns to its investors, skyrocketing 470 percent in a little over 2 months, since April 2024, from ₹3.80 in March 2024 end.Overall, in 2024 YTD, the stock has rallied 309 percent, while, in the last 1 year, it has soared 190 percent.It has advanced 19.5 percent in June so far after a 159.5 percent surge in May and an 84 percent jump in April.

₹39 to ₹41 per equity share. The public issue was proposed for listing on BSE and NSE. The public issue listed on BSE and NSE on 31st January 2024 at a bumper premium of 35 per cent, and the stock continued attracting bulls' attention after this bumper listing.

Stock market today: Integra Essentia shares are one of the penny stocks listed on Dalal Street. This penny stock is invested in by the Indian insurance behemoth Life Insurance Corporation (LIC) of India.

₹9,606 crore, the highest in 8 months, since September 2023. The offers for sale category accounted for 64 percent of the total fundraising, approximately ₹6,200 crore, while the fresh capital issuances contributed ₹3,404 crore.Moreover, none of the 5 IPOs were listed at a discount to their issue prices.

Supreme Court on Monday said, slamming the Delhi government for not rectifying defects in its plea seeking a direction to Haryana to release the surplus water provided by Himachal Pradesh to the national capital to mitigate its water crisis. A vacation bench of Justice Prashant Kumar Mishra and Justice Prasanna B Varale noted that affidavits are not being accepted in the registry due to the defect in the petition filed by the Delhi government.

Read here: Stocks to buy: Top four stock picks by Kotak Equities for JuneThis is because the favourable result of the Modi-led NDA forming the government for the third straight term will lead investors to think for the next 5 years and leave aside near-term over-valuations.However, in the latter part of June, the brokerage believes the focus will shift to the Budget wherein the government has received a bonus from RBI in the form of a Dividend of ₹2,11,000 crore which will support the budget for higher capital spending and lowering the fiscal deficit."We may see some softness in the market towards the later part of June month as the market will start factoring in June quarter results. The June quarter results are likely to be soft on account of slowdown in activity due to election and extreme heat waves," it said.Read here: Paytm share price gains over 8.5% to cross ₹400 mark after 8 weeksMoreover, it added that with sticky inflation the rate cut cycle got postponed from June to November in the US but corporate results for the March quarter were strong and ahead of expectations, that supported the market and took it to a newer high.

IND vs PAK T20 World Cup 2024: Even Sachin Tendulkar, typically known for avoiding any risqué remarks, apparently could not control himself from posting a cheeky comment after India’s win against Pakistan. Tendulkar, along with his wife Anjali and daughter Sara, attended the India vs Pakistan match at the Nassau County International Cricket Stadium in New York.After Rohit Sharma’s boys clinched a remarkable win against Babar Azam’s team in the cricket match, the Master Blaster posted on X (formerly Twitter).“India vs Pakistan.

The Delhi Police have added charges of “disappearing evidence and giving false information” against Bibhav Kumar, aide to Chief Minister Arvind Kejriwal, in connection with the alleged assault of AAP MP Swati Maliwal, news agency PTI quoted an official as saying on Monday.

Income Tax laws offer tax deductions on donations to specific registered institutions. However, recently, donors contributing to charitable organisations and political parties have received notices from the income tax (I-T) department questioning the legitimacy of their donations.

Also Read: Stock market today: Sensex, Nifty 50 hit record high after PM Narendra Modi takes oath as PMThe brokerage firm expects earnings of the Nifty-50 Index to grow 10% in FY25E and 14% in FY26E (FY24 growth was 20%). OMCs alone contributed 29% of the incremental profits of FY24. In FY25E, it expects banks, diversified financials, IT services and metals & mining to provide bulk of the incremental profits for the Nifty-50 Index.

Grasim Industries, and Cipla supported the rally.Also Read: Paytm share price gains over 8.5% to cross ₹400 mark after 8 weeks, recovers 33.5% from all-time lowBuying was also witnessed in the broader markets as the Nifty Midcap 100 and the Nifty Smallcap 100 index traded higher. Among sectors, Nifty PSU Bank, Nifty Realty, Nifty Oil & Gas, Nifty Pharma and Nifty Auto led the gains, while Nifty IT was trading in the red.Market sentiment improved as concerns over political stability and policy continuity waned after the new government led by Prime Minister Narendra Modi was sworn in over the weekend.

Also Read: Income Tax Return filing: Salaried individuals need to be aware of these 5 key pointsSeveral deductions are encompassed within Section 80C of the Income Tax Act in India. This provision enables you to claim deductions for various investments and expenses, thereby, reducing your taxable income and potentially decreasing your tax liability.

₹7,066 crore in the information technology services company.Mphasis shares were trading down 2.51% at ₹2,409.85 apiece at 9.40 am on Monday, a strong market day with the benchmark Sensex opening at a record 77,000 points.This is Blackstone's second move at selling Mphasis shares, this time through the open markets.Blackstone Capital Partners first acquired a 60.48% stake in Mphasis from Hewlett Packard Enterprises in 2016 for ₹5,466 crore (at the time, $827 million). After failing to sell its Mphasis shares through a private deal, Blackstone rolled over its stake in the company to a new fund in April 2021.

Sensex and Nifty50, opened with fresh record highs on Monday, led by index heavyweight Reliance Industries and banking stocks. The BSE Sensex was trading 321 points, or 0.42%, higher at 77,014. The Nifty50 was up 110 points, or 0.47%, trading at 23,400 around 9:19 am. This is the first time that Sensex has hit the 77,000 mark.

Investors will closely watch next week's inflation numbers and Federal Reserve meeting for clues on whether the soft landing hopes that drove stocks to record highs are still justified. This year's rally has lifted the S&P 500 up more than 12% year-to-date, on expectations the Fed can cool inflation without hurting growth. Yet recent economic data have sent conflicting signals: U.S. employment numbers released Friday were far stronger than expected, while earlier reports showed a slowdown in manufacturing and a first-quarter growth rate revised lower.

FPIs have been paring their holdings of defensive stocks instead of those with more growth potential. This shows they remain bullish on the sustained earnings potential of growth stocks in industries like discretionary spending and manufacturing. Data from NSDL shows the weight of defensive stocks such as FMCG, IT, and healthcare fell to a multi-year low of 19.72% as of May-end.

F&O ban list: The National Stock Exchange (NSE) has banned trading in three stocks on Monday, June 10, 2024, in the futures and options (F&O) segment due to their exceeding 95% of the market-wide position limit (MWPL).However, these stocks will be available for trading in the cash market.The NSE updates the list of securities in the F&O ban for trade every day.ALSO READ: Stocks to buy: Granules and Tata Motors looking attractive, here's whyBalrampur Chini Mills, SAIL, and ZEEL are the three stocks on the NSE's F&O ban list for June 10.The National Stock Exchange (NSE) said the derivative contracts in the mentioned securities have crossed 95% of the market-wide position limit and have been currently placed in the ban period by the stock exchange.“It is hereby informed that all clients/members shall trade in the derivative contracts of said security only to decrease their positions through offsetting positions. Any increase in open positions shall attract appropriate penal and disciplinary action," the NSE statement said.No new positions are allowed when the stock exchanges place F&O contracts in a particular stock during the F&O ban period.