Gap Financial News

Sensex traded 157.66 points higher at 65244.91. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 775.0 and a 52-week low of Rs 557.15 on NSE. Around 35085 shares changed hands on the counter till 10:00AM (IST). The stock opened at Rs 675.0 and has touched an intraday high and low of Rs 678.6 and Rs 672.55 during the session so far.

Buy or sell stocks for today: On account of last hour selling, Indian stock market lost intraday gains on Wednesday. NSE Nifty and BSE Sensex managed to end higher with marginal gains whereas Bank Nifty index lost 262 points and ended at 44,232 levels. Nifty 50 index added 4.80 points and finished at 19,347 levels while BSE Sensex went up 11.43 points and closed at 65,087 mark.

HDFC Bank has opened up space for other mortgage lenders to raise funds from the debt market at a cheaper rate as more money is now available for other companies, market participants said. The biggest beneficiary of HDFC's exit, which used to corner more than half of the market funds, is likely to be LIC Housing Finance — the largest AAA pure-play home financier currently. «After HDFC's merger with HDFC Bank, the total number of issuances has drastically come down. Yields have definitely come down following the merger because of the absence of HDFC, which was the benchmark for AAA-rated home financiers.

Extending the life of Origin Energy’s 2800-megawatt Eraring coal-fired power station in NSW by two years would significantly ease pressure on the electricity grid, according to modelling done by the Australian Energy Market Operator.

Gadar 2 were first seen during the pandemic, when reruns of mythological epics and classics dominated viewership, with even OTT platforms discovering a new audience in the 40-plus generation. While Gadar 2 comes over two decades after the first part, Farhan Akhtar will bring back Don more than a decade after the previous instalment.

By Paul Carsten

vvibe, a social app that utilises generative AI and avatars to connect users globally. It claims to transcend the limitations of traditional social media platforms. «Having been at the heart of product development at Meta, particularly for Messenger and Instagram, I identified a gap.

climate change. During the opening session of the Global Adaptation Dialogue, Ambassador Majid Al Suwaidi, Director-General and Special Representative of COP28, reaffirmed the Presidency's unwavering commitment to prioritize adaptation and resilience.

InterGlobe Aviation Ltd. traded at Rs 2454.65 on BSE at 02:10PM (IST) on Wednesday, down 1.28 per cent.

«We have seen indices trading in this 250-300-point range. If we talk about Nifty and if we talk about Bank Nifty, it is about 800 to 1000 point range,» says Sudeep Shah, SBI Securities.As we progress into the expiry, what kind of rollovers are you actually starting to see? Do you see this short covering getting more accelerated or people are still holding on to the short position being rolled on the other side?What is clearly coming out from the rollover data is that the Nifty and Bank Nifty rolls are on expected lines when it is expiry minus two days. But there is some serious rollovers happening in the midcaps and that is where the real game is right now in the last three weeks. We have seen indices trading in this 250-300-point range. If we talk about Nifty and if we talk about Bank Nifty, it is about 800 to 1000 point range.

career stagnation used to be a phenomenon associated with just midlifers and senior-level professionals. Today, you might be just 3 or 5 years into your career and already feeling a lack of engagement at work or a sense of misalignment in your role and ambitions. It is imperative to recognise the early signs and take the necessary steps to revive the dead ends and bolster your career growth.Reasons for more early career stagnation Vaibhav Sisinty, Founder & CEO, GrowthSchool, defines early career stagnation as an “unsettling phase in one's professional journey where, despite the initial excitement and momentum of a new job, there seems to be little to no progression in terms of skills, responsibilities or even pay. Think of it as being stuck in professional quicksand; you're moving, but not really getting anywhere.” According to him, there are several reasons why this phenomenon has become highly prevalent in recent times. One is the rapid pace of technological advancements. Although this promises innovation, it also necessitates continuous upskilling, failing which one can quickly fall behind. Another reason he states is that modern workspaces are highly competitive. This implies that “standing out and making significant progress early on can be challenging”. On the other hand, Raghupathi C N, Director of MILES, Manipal Academy of Higher Education, describes early-stage career stagnation as “no upward change in role and responsibilities for 3 years or 5 years or 8 years and no opportunity for growth in skills”.

Vedanta Ltd. gained 0.33 per cent to Rs 237.8 in Wednesday's session as of 11:47AM (IST) even as the equity benchmark Sensex traded 341.73 points higher at 65417.55. Earlier in the day, the stock witnessed a gap up start to the session.

Neeraj Chopra has etched his name in history as the first Indian athlete to clinch a gold medal in javelin throw at the World Athletics Championships. With an astonishing throw covering a distance of 88.17 meters, Chopra seized the gold medal, marking an epochal moment in the annals of Indian athletics.

Avenue Supermarts Ltd. rose 1.25 per cent to Rs 3710.25 at 10:20AM hours (IST) on Wednesday.

Shibani Sircar Kurian, Senior EVP, Fund Manager & Head -Equity Research, Kotak Mahindra Asset Management, says “our valuations are slightly above long term averages. We do expect to contend with some degree of volatility in the near term. Of course, if there is any correction in the market, as long as earnings delivery continues, that would possibly be an opportunity. But at this point in time, we believe that given that valuations are somewhat elevated, markets could see some degree of volatility.”What is your take on a very boring market? Is it the time to consolidate and look at the bets that you want to add in your portfolio? If you look at it in two parts, we have nothing to complain about the terms of the fundamentals and the delivery on the earnings side. Even in the earning season gone by, the overall earnings trajectory for the broader market was largely in line with estimates and there have been no major earnings downgrades for both FY24 and FY25. So the earnings trajectory remains fairly healthy. However, we have to contend that today in the markets valuations are not cheap and are above long term averages. Whether you look at price to earnings, you look at price to book, you look at yield gap, or market cap to GDP, on every parameter, the market is telling you that valuations today vis-à-vis long term averages are above the mean level.

New Delhi: As the monsoon trough continues to run along the foothills of the Himalayas, the India Meteorological Department (IMD) has predicted heavy rainfall over Northeast India and the extreme Southern Peninsular region. However, this may not make a significant improvement as far as rainfall distribution is concerned, meteorologists said.

DGCA on Tuesday suspended the approval for Air India’s Mumbai Aviation Training Organisation. The facility houses the simulator for Boeing 777, 787 and 737 pilots.

Digital Economy Working Group and Global Partnership for Financial Inclusion—there is now almost universal alignment on the importance of DPI and the many ways in which it can be used. India’s diplomatic success in raising a buzz on a topic that the rest of the world had heard little of until recently has surprised many. Not only does India not have a track record of demonstrating such leadership at global fora, it has, to the contrary, remained non-committal on issues one might have expected it to take a firm stand on.

New Delhi: The India Meteorological Department (IMD) has forecast persistent heavy rainfall in northeast India and the extreme South Peninsula, even as concerns grow over the uneven spatial distribution of this year's monsoon, meteorologists said. Heavy isolated rainfall is likely over Arunachal Pradesh today; in Assam and Meghalaya from Thursday to Saturday and over Nagaland, Manipur, Mizoram and Tripura for the next five days.

A stunning celestial event is on the horizon for the night of August 30 — the Super Blue Moon. This rare phenomenon occurs when a full moon coincides with its closest distance to Earth. Despite the name, the Super Blue Moon does not exhibit a blue hue. The term «Super Blue Moon» is applied when two full moons occur within a single month. «Super blue moons occur about every 10 years, on average – though the time between any two occurrences can vary from two months to two decades or more,» clarifies NASA. A supermoon is a full moon that aligns with the moon's nearest point to Earth in its orbit.

Shriram Finance Ltd. traded at Rs 1850.55 on BSE at 01:55PM (IST) on Tuesday, down 0.73 per cent.