Booking Financial News

Foreign investors pumped ₹22,670 crore into shares of companies across 19 sectors between July 1 and 15, according to data from National Securities Depository (NSDL). Capital goods, automobiles, information technology (IT), and healthcare were among the sectors that witnessed the highest inflows in the period. The capital goods sector saw robust inflows worth ₹3,612 crore in the first half of July, over inflows worth ₹2,792 crore in June. The sector had witnessed foreign inflows worth over ₹20,000 crore between January and June. FPIs bolstered their holdings in automobile stocks with an infusion of ₹2,993 crore during the first 15 days of July.

Suzlon Energy on Monday reported a threefold increase in net profit for the April-June quarter of this fiscal on improved operational performance across businesses. Net profit for the quarter came in at '302 crore, against '101 crore reported in the April-June quarter of the previous fiscal. Revenue, however, was down 7% at '2,016 crore against '2,179 crore in the June quarter of FY24.

Airlines, including Delta Air Lines, continued to struggle to restore operations two days after a faulty software update caused technological havoc worldwide and resulted in several carriers grounding flights

Ryan Reynolds' Deadpool and Hugh Jackman's Wolverine—two iconic characters from the Fox X-Men universe—joining forces within the MCU.

software update caused havoc worldwide and led to the grounding by almost all airlines of a number of flights, but the impact is receding. Total cancellations within, into or out of the US early Monday totalled 758, according to the latest data from FlightAware, which is greater than a typical with no holiday. The vast majority of cancellations were Delta Air Lines flights.

The traditional signal for a market bubble, as the popular adage goes, is when your cab driver or barber discusses stocks. The top-down variation of this indicator must be when finance ministry mandarins talk about asset allocation and profit booking. The Economic Survey 2024, tabled in Parliament by finance minister Nirmala Sitharaman on Monday, highlighted various drivers of the Indian economy and suggested policy measures to lift growth and safeguard economic resilience.

MphasiS Ltd. rose 0.51 per cent to Rs 2892.55 in Monday's trade as of 01:14PM (IST) even as the benchmark Nifty ruled at 24485.55, down 45.36 points. The scrip had closed at Rs 2877.6 in the previous session. The stock quoted a 52-week low of Rs 2068.45 and a high of Rs 2913.35. The company quoted a market-cap of Rs 54712.02 crore on the BSE.

Pidilite Industries Ltd. fell 0.09 per cent to Rs 3130.95 in Monday's session as of 12:38PM (IST) even as the equity benchmark Sensex traded 193.17 points lower at 80411.48. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 3244.65 and a 52-week low of Rs 2293.1 on NSE. Around 3466 shares changed hands on the counter till 12:38PM (IST).

Sensex declined 198.34 points to 80406.31. As many as 181,283 shares changed hands on the counter with a total value of Rs 17.9 crore.

Delhi High Court judge Justice Amit Sharma on Monday recused himself from hearing the bail plea of former JNU student Umar Khalid in a UAPA case related to the alleged larger conspiracy behind the riots here in February 2020. The matter was listed for hearing before a division bench of Justice Prathiba M Singh and Justice Sharma. This has to go before another bench, Justice Singh said. «List before another bench, of which Justice Amit Sharma is not a member, on July 24,» the court ordered.

Shree Cements Ltd. gained 0.81 per cent to Rs 27473.5 in Monday's session as of 11:16AM (IST) even as the equity benchmark Sensex traded 79.72 points lower at 80524.93. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 30710.15 and a 52-week low of Rs 23023.05 on NSE. Around 123 shares changed hands on the counter till 11:16AM (IST).

Sati Poly Plast listed on the NSE SME platform with a premium of 90% on Monday. The stock debuted at Rs 247 as against an issue price of Rs 130 per share. Ahead of the listing, the company's shares traded with a premium of Rs 140 in the unlisted market.

Hiren Ved, Director & CIO, Alchemy Capital, says every bull market sees sector rotation. So, financial will have their time under the sun at some point in time. But am I very bullish on largecap private banks leading this bull market? The answer is no. I think they were leaders of the previous bull market and people have kept on harping that this is an area that is cheap and there is value but it has continued to underperform. Very seldom do leaders of the previous cycle lead in the next cycle. One feels FOMO about booking profits, but then the markets rally further and you feel that you have taken off money too early? How do you marry the two dichotomies? Do you stay put or book something off the table? Hiren Ved: Booking profits and then doing what with that money?

Abhay Agarwal, MD & CIO, Piper Serica, says that in markets like this, it is very difficult to analyse momentum because segments of the market are in a frothy zone – stocks that have gone up 10 times. All stocks in sectors like railways, defence, and power are at 5 times, 10 times. So, it is difficult to stay with the momentum. It is a very risky bet. Agarwal says: “We like to explore sectors that have not done well and are not on investors’ radar for the time being.” What spooked the markets on Friday? Is this just par for the course and are we headed for that 25,000-26,000 level soon? Abhay Agarwal: I have not read too much about this weakness over the last couple of days, including today. This will continue till the Budget announcement. It is a big event. We are very close to it. So, traders are probably lightweighting their long positions and booking profits.

budget should arm the central bank with a time-tested tool to deal with a potential surge in bond flows on the nation’s entry into a key global index, according to the nation’s largest asset manager. “Rather than selling long bonds from their book and distorting the market, you can issue short-term government securities,” Rajeev Radhakrishnan, chief investment officer for fixed income at SBI Funds Management Ltd., said in an interview. “The market stabilization scheme is the right tool to have and at some point, at least in this budget, they should have that.”

IDBI Bank and Suzlon Energy. Apart from the above, companies like Allied Blenders, Coforge, Cyient DLM, Dodla Dairy, Jana SFB, Mahindra Logistics, Maharashtra Scooters, Spencers Retail, UCO Bank, Zensar Tech among others will also declare their results.

profit booking on Friday amid global selloff after a record-breaking rally in the last few days. «Investors are also cautious ahead of the Union Budget next week on 23rd July which will provide the next set of directions to the market. Earnings season will also pick up pace which will result in stock specific actions. Apart from Budget, US Core PCE data and PMI data will be key events to monitor,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.

tech industry body Nasscom said in a report. Despite the increase in investments, however, there was a nearly 50% decline in funding rounds during the first half of this year compared to the second half of last year, Nasscom said in its latest Generative AI tracker.

Kate and Leopold, or for darkness and danger, as in Diana Gabaldon’s Outlander series of books. In an outstanding feat of restraint, Kaliane Bradley’s time-travel romance/spy thriller The Ministry of Time uses this trope extremely sparingly—although very effectively—in a few short scenes that don’t belabour the point and only add layers to her characters.

Chabutaras are 11-22ft tall structures made of wood, stone or concrete, designed specifically for birds. These traditional bird-feeders, though slightly outlandish looking, are an intrinsic part of the city’s visual and cultural lexicon. Ahmedabad is a city with an admirable population of sparrows, mynas, pigeons, old world babblers and purple sunbirds.

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