Gap Financial News

Nifty ended Monday’s range-bound session 31.5 points higher to form a small red candle on the daily chart, which signalled hesitation after Friday’s upside breakout. The short-term trend of Nifty continues to be positive. Having placed at the key overhead resistance around 24,700, there is a possibility of some more consolidation or minor dip in the next 1-2 sessions, before showing another round of upside breakout.

The Organisation for Economic Co-operation and Development (OECD) suggests that approximately 20 PISA (Programme for International Student Assessment) points are equivalent to a year of learning. By this metric, India was 12 years behind China in mathematics, science and reading abilities the last time India took the PISA test in 2009.

Pidilite Industries Ltd. traded at Rs 3064.0 on BSE at 11:52AM (IST) on Monday, up 0.12 per cent from previous close. The stock quoted a 52-week low price of Rs 2293.1 and a high of Rs 3277.8.

Bharat Forge Ltd. 0.0 per cent to Rs 1581.5 at 11:57AM hours (IST) on Monday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 11,076 shares with a turnover of Rs 1.75 crore till 11:57AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 80.76, while the price-to-book value ratio stood at 7.33.

The scorching summer that India just trudged past was yet another reminder of a rapidly warming Earth, with temperatures soaring to almost 50° Celsius in one of our longest heatwave spells. The country logged more than 40,000 suspected cases of heatstroke, with a death toll of over 100 people. But 2024 stands out for another reason: a shift in the Pacific Ocean’s see-saw of warm and cool water along the equator, a phenomenon that distorts weather around the globe.

Here's a comprehensive look at what we know so far about the forthcoming season of this epic saga.

Josh Hazlewood, Australia's premium fast bowler, acknowledged that Australia's recent results against India have been a significant gap in their record. The first Test of the series between Australia and India will be played at the Optus Stadium, Perth from November 22. «There are quite a few players who have never beaten India in a Test series. It's quite astounding to say that,» Hazlewood was quoted by ESPNcricinfo.

equity indices closed over 1.5% higher on Friday, as strong U.S. economic data eased recession fears in the world's largest economy. The NSE Nifty 50 index ended 1.65% higher at 24,541.15 and posted 0.7% weekly gain, while the S&P BSE Sensex added 1.68% to 80,436.84 and was 0.9% higher for the week.

Antony Blinken left Saturday on a mission to the Middle East to push ahead a Gaza ceasefire deal, as cautious optimism rises. The top US diplomat, who is putting off vacation plans for his ninth trip to the Middle East since Hamas attacked Israel on October 7, will fly to Tel Aviv ahead of expected meetings with the Israeli leadership. He has routinely visited Arab states on previous trips but no further stops were immediately announced.

Nirmala Sitharaman on Saturday said that inadequate access to developmental finance is hindering developing economies from achieving Sustainable Development Goals (SDGs) and underscored the urgent need to address this USD 4 trillion annual financing gap. Addressing the third Voice of Global South Summit virtually, Sitharaman said that recent reports reveal that the implementation of many SDGs in developing economies is stagnating, with some indicators even regressing. The SDG financing gap is estimated to be USD 4 trillion annually for developing countries, she said. Observing that the global South is affected by global uncertainties, she said one in four developing countries will be poorer by the end of this year than they were before the pandemic as per a recent World Bank report.

earnings downgrade from Nuvama versus its earlier estimates of 15%. Cyclicals such as autos, industrials and metals faced earnings cuts while the same stabilised for IT and FMCG packs. Among key trends observed during the quarter, in domestic consumption, the gap between high-end and mass market demand narrowed with stronger segments such as passenger vehicles, hotels and jewellery slowing. FMCG, on the other hand, stabilised and durables posted a strong quarter owing to the heatwave, the Nuvama note said.

Nifty is showing possibilities of a rebound from current levels, said Sudeep Shah, Deputy Vice President and Head of Technical & Derivatives Research, SBI Securities. «The zone of 50,800-50,900 will be the immediate hurdle for the index as 20- and 50-day EMA are placed in that region. Any sustainable move above the level of 50,900 will lead to sharp upside rally up to the level of 51,700, followed by 52,300 in the short term,” said Shah.

Germany’s quarrelsome governing coalition has reached an agreement on details of the country’s 2025 budget

National Conference (NC) president Farooq Abdullah on Friday said that he will contest the upcoming Jammu and Kashmir assembly elections, which are scheduled to take place in three phases from September 18. «I will contest these elections, Omar Abdullah will not contest the elections. When the state status is granted then I will step down and Omar Abdullah will contest from that seat,» Farooq Abdullah said on Friday. The Assembly elections in the Union Territory of Jammu and Kashmir will be held in three phases from September 18 and the results will be announced on October 4.

Android devices after a gap of four years, following legal measures by the EU, developer Epic Games said on Friday. Fortnite, created by Epic, a U.S.-based studio, and backed by China's Tencent, the world's largest game studio, launched in 2017 and its last-player-standing, «battle royale» format became an instant hit, drawing in millions of dedicated players. But in August 2020, Apple and Alphabet's Google removed Fortnite from their app stores for violating their guidelines by launching a payment feature, prompting several lawsuits challenging their rules of charging up to 30% commissions on payments.

Srinagar Assembly Elections 2024: Jammu and Kashmir will be holding its first assembly elections since the BJP-led central government abrogated Article 370, which gave the union territory a special status. The Election Commission is likely to announce dates for the assembly elections on Friday.

Carlsberg global chief executive officer Jacob Aarup-Andersen said the Danish brewer does not need a new strategy for the Indian market after it completes the deal to fully own the business in the market growing four times faster compared to the overall beer segment. Earlier this month, Carlsberg agreed to buy a third of its stake from Khetan group, its joint venture partner, to take full ownership of the India and Nepal operations. «We do expect to get full control of the business in a couple of months once the process has run its course. It's going to allow us to accelerate investments to capture the long-term opportunities in these markets,» Andersen told investors, adding it was too early for us to start laying out the strategy for India.

It might sound improbable, but Europe is still importing Russian natural gas through pipelines in Ukraine

Indian institutional investors now consider sustainability information essential in their due diligence process, a study by Deloitte and The Fletcher School at Tufts University said, adding as sustainability becomes more integral to investment management, trust in the ESG data used to inform these decisions is lacking, posing challenges in accessing trustworthy data. «According to Indian investors, the inconsistency or incomparability of ESG rating data (73 per cent), cost constraints on integrating ESG data into investment decision models (71 per cent) and lack of measurable outcomes in corporate disclosures (70 per cent) reduce the trust factor of available sustainability data, inhibiting their ability to implement ESG investment strategies,» Deloitte said citing its study titled 'Investor trust in sustainability data'. The study further highlights that Indian investors are more likely to trust in-house proprietary data systems and audited (or assured) corporate disclosures for sustainability analysis. However, as compared with global investors, Indian investors are less likely to rely on external data sources and ratings.

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

Kamala Harris is gaining ground in the Rust Belt. The states that were once the US manufacturing centers, employing a large part of the population in manufacturing jobs, voted heavily in favor of Donald Trump in 2016. But, Axios has reported that Kamala Harris has closed the gap in the region comprising Illinois, Indiana, Michigan, Missouri, New York, Ohio, Pennsylvania, West Virginia, and Wisconsin. Harris's increased popularity is in contrast to FiveThirtyEight's national average when Joe Biden trailed Donald Trump by 2.4 percentage points in Michigan, 2.3 percentage points in Wisconsin, and 4.4 percentage points in Pennsylvania.