Gap Financial News

Congress leader Rahul Gandhi's promise of wealth redistribution has kicked up a huge controversy. While the idea itself has been controversial — right from the bloody revolutions of the past century that promised the poor the wealth amassed by the rich to contemporary debates in economics on how to address inequality and poverty — a comment on Rahul's plan by Prime Minister Narendra Modi has brought the issue to the headlines. PM Modi alleged on Sunday that «Congress wanted to confiscate people's wealth and redistribute it to Muslims». Yesterday, adding that opposition parties had done nothing for Muslims, he reiterated his allegations, saying that the Congress was «looking to survey earnings and wealth of people, including their vehicles, property, and houses to redistribute it in line with a communist ideology that INDIA wanted to implement in the country». What did Rahul Gandhi say

Godrej Consumer Products Ltd. traded at Rs 1187.35 on BSE at 12:02PM (IST) on Tuesday, up 0.1 per cent from previous close. The scrip quoted a 52-week low price of Rs 896.85 and a high of Rs 1299.9.

Au Small Finance Bank Ltd. fell 1.0 per cent to Rs 608.8 at 01:28PM 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 84,617 shares with a turnover of Rs 5.16 crore till 01:28PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 28.46, while the price-to-book value ratio stood at 0.0.

Alberta Investment Management Corp. (AIMCo) posted an overall return of 6.9 per cent in 2023, despite challenges in its real estate portfolio. The asset manager, which invests on behalf of pension, endowment, insurance, and government clients in Alberta, ended the year with $160.6 billion in assets under management.

Trent Ltd. traded at Rs 4166.0 on BSE at 01:13PM (IST) on Tuesday, down 0.05 per cent. The stock quoted a 52-week low price of Rs 1307.05 and a high of Rs 4306.75. Earlier in the day, the stock saw a gap up opening.

A new survey conducted by Linqto, a financial technology investment platform, has highlighted significant gender disparities in investment preferences, particularly in emerging technologies.

UN Secretary-General Antonio Guterres is keen on continuing the momentum of Multilateral Development Banks (MDB) reforms initiated during the G20 presidency of India, Chairman of the 15th Finance Commission N. K. Singh has said. Singh, who had met Guterres at the UN headquarters in New York on April 12, said he had a «positive interaction» with the UN chief. Deputy Secretary General Amina Mohammed was also present during the meeting. Guterres «was very keen on continuing the momentum of MDB reforms initiated during India's G20 Presidency and as contained in the 2 Vol. IEG Report,» Singh said in a post on X, referring to the report of the Independent Expert Group.

Crompton Greaves Consumer Electricals Ltd. rose 2.15 per cent to Rs 303.55 at 11:46AM 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 137,652 shares with a turnover of Rs 4.14 crore till 11:46AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 45.25, while the price-to-book value ratio stood at 7.01.

Reliance share price: Shares of Reliance Industries Ltd (RIL) are trading flat ahead of the announcement of Q4 results 2024. RIL share price today opened with an upside gap at ₹2,644.90 apiece on NSE and went on to touch an intraday high of ₹2,949.70 per share mark within a few minutes of the stock market's opening bell.

Tata Consultancy Services Ltd (TCS) in dampening the spirits of IT investors, as their results for the March quarter (Q4FY24) offer little reassurance about the sector’s near-term prospects. Like TCS, Infosys, too, reported strong deal wins, marking a record high large deal total contract value (TCV) of $17.7 billion for FY24. However, the glaring gap between these deal wins and actual revenue growth highlights a persistent issue with slow deal conversions.

real estate sector, along with an increase in working capital requirements, has resulted in an increase in debt transactions in housing projects, as property developers seek to bridge the gap between demand and supply. This trend has also led to a surge in private equity and real estate credit funds, such as Nisus Finance, PAG Asia, ASK Property Fund and HDFC Capital, actively seeking to invest more in the residential segment. «We are actively exploring more investment opportunities in the coming quarters, with many such prospects in other major metros. We have identified stressed residential assets worth around ₹1,000 crore, totalling 5 million square feet across Bangalore, and are actively seeking similar opportunities,» said Angad Bedi, managing director of BCD Group, which jointly operates a stressed fund with Nisus Finance.

Dharmesh Shah, Head-Technical, ICICI Direct, says “Reliance is a pure proxy play on oil and gas and telecom. We believe this stock, after witnessing a sharp move from Rs 2,800 to Rs 3,000, has been consolidating in a strong bull candle for a long time. Once things get settled in the market, we should see a primary uptrend for Reliance, where Reliance can be considered for a target of around Rs 3,050, keeping a stop loss of Rs 2,790. Bharat Dynamics has been consolidating for the last five weeks. We remain positive on Reliance and BDL in the near term.” How did the setup look? Did it look like there was a breakdown in the first place or were you already getting a sense that today's dip will be bought? What are you recommending your clients today after looking at the price action that has happened in the first half of the session today? Dharmesh Shah: In the morning, it was a very panic-type situation. The Singapore Nifty opened a gap down of about 300-400 points. Historically, when such events come, once the anxiety settles, the market generally has a tendency to move up. We believe once this anxiety gets over, maybe in a week, things should get settled and 21,700, 21,600, like in last month's low should hold.

A recent study highlights a significant gap in financial understanding among Americans, with nearly 43 percent of participants admitting they’re not clear about what a 401(k) retirement plan is.

European Union leaders debated at a summit in Brussels a new “European Competitiveness Deal” aimed at helping the 27-nation bloc close the gap with Chinese and American rivals

New research from Ameriprise shows that while American investors who are in committed relationships trust each other with financial decisions and share similar retirement aspirations, many have not fully discussed or agreed on crucial financial details.

Info Edge (India) Ltd. traded at Rs 5786.95 on BSE at 01:08PM (IST) on Thursday, up 0.68 per cent from previous close. The scrip quoted a 52-week low price of Rs 3598.25 and a high of Rs 6355.0.

Godrej Consumer Products Ltd. traded at Rs 1183.45 on BSE at 01:13PM (IST) on Thursday, up 0.51 per cent from previous close. The scrip quoted a 52-week low price of Rs 896.85 and a high of Rs 1299.9.

GAIL (India) Ltd. gained 2.23 per cent to Rs 210.4 in Thursday's session as of 10:25AM (IST) even as the equity benchmark Sensex traded 3.67 points higher at 72947.35. Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 213.7 and a 52-week low of Rs 102.95 on NSE. Around 902655 shares changed hands on the counter till 10:25AM (IST).

Stock Market News: The domestic equity benchmark indices, the Sensex and the Nifty 50, opened in green on Thursday after declining for three straight sessions. The domestic indices tracked Asian counterparts and were led by PSU bank stocks, energy companies due to a decline in oil prices, and metals stocks as a result of concerns over global supply. On Thursday, the S&P BSE Sensex opened up 239.42 points, or 0.33%, at 73,183.10, while the NSE Nifty 50 began up 64.40 points, or 0.29%, at 22,212.35.

A new study by Experian has highlighted significant financial knowledge gaps among Americans, particularly younger generations, that are contributing to costly errors.

Boeing whistleblower is urging the planemaker to ground all 787 Dreamliners currently in operation around the world, warning that the long-haul jets could “fall apart at the joints.”Sam Salehpour, a quality engineer at Boeing, went public with his concerns about the Boeing 787 and 777 jets last week. In an exclusive TV interview with NBC Nightly News, Salehpour doubled down on his allegations and called for all Dreamliners to be pulled from service and checked for small gaps in the fuselage.“It’s as serious as I have ever seen in my lifetime,” Salehpour told NBC’s Lester Holt, adding that he would not put his family on a 787 jet.“The entire fleet worldwide, as far as I’m concerned right now, needs attention.