Gap Financial News

ICICI Lombard General Insurance Company Ltd. traded at Rs 1657.7 on BSE at 12:48PM (IST) on Thursday, up 1.06 per cent from previous close. The scrip quoted a 52-week low price of Rs 1056.0 and a high of Rs 1739.95.

Lupin Ltd. traded at Rs 1608.15 on BSE at 12:33PM (IST) on Thursday, up 2.91 per cent. The stock quoted a 52-week low price of Rs 628.1 and a high of Rs 1703.8. Earlier in the day, the stock saw a gap up opening.

Also Read: Gold rate today hits new peak of ₹66,778 after US Fed meeting. Should you buy in current gold price rally? The Federal Reserve is presently holding interest rates at their highest level in more than twenty years, with the aim of gradually restoring inflation to the targeted 2% rate over the long haul.

The Fed added Quantitative Easing (QE) to its monetary policy toolbox in 2008. At the time, the financial system was imploding. Fed Chair Ben Bernanke bought $1.5 trillion U.S. Treasury and mortgage-backed securities to staunch a financial disaster.

Congress attacked the government on Wednesday regarding a report that highlights income and wealth disparities in India spanning a century. Party general secretary for communications, Jairam Ramesh, stated that the report titled «Income and Wealth Inequality in India, 1922-2023: The Rise of the Billionaire Raj,» authored by renowned economists such as Thomas Piketty raises significant concerns. Ramesh claimed that under Prime Minister Narendra Modi's leadership, the wealth gap in India has surpassed that of the British colonial era, dubbing it "Narendra Modi's Billionaire Raj." «The bottom line is this: Narendra Modi's Billionaire Raj, nurtured by the Prime Minister to favour his friends and fund his party's campaigns, is now more unequal than even the British Raj,» he alleged.

The narrative surrounding women and finances is undergoing a remarkable transformation in today's world. Women are boldly taking on leadership positions, shattering barriers, and making remarkable progress towards equality in numerous areas. Nevertheless, there is still progress to be made when it comes to financial matters. Encouraging women to embrace investing is a vital step forward. It is high time for women to take charge of their financial destinies and work towards achieving independence through wise investments. 

Jubilant Foodworks Ltd. traded at Rs 447.0 on BSE at 01:14PM (IST) on Wednesday, up 0.22 per cent. The stock quoted a 52-week low price of Rs 412.2 and a high of Rs 586.35. Earlier in the day, the stock saw a gap up opening.

SBI Cards and Payment Services Ltd. traded at Rs 692.75 on BSE at 11:42AM (IST) on Wednesday, down 0.63 per cent. The stock quoted a 52-week low price of Rs 678.8 and a high of Rs 932.35. Earlier in the day, the stock saw a gap down opening.

Au Small Finance Bank Ltd. rose 0.46 per cent to Rs 562.3 at 11:06AM hours (IST) on Wednesday. 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 19,529 shares with a turnover of Rs 1.09 crore till 11:06AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 23.44, while the price-to-book value ratio stood at 0.0.

NaBFID) plans to raise up to $4.8 billion (around ₹40,000 crore) in local currency bonds, Bloomberg reported citing sources. The state-backed lender aims to more than double its loan disbursement, it added.

Maharashtra and Rajasthan are among India’s large states in terms of population. The former is also among the most prosperous, with its economic growth driven by the services sector, primarily financial and IT services. The state accounted for over one-third of all direct tax collections in the country and around 15% of the GST mop-up last fiscal year.

Gil Kenan, the Ghostbusters franchise returns with Ghostbusters: Frozen Empire, continuing the story of the beloved supernatural comedy series. With a mix of old and new Ghostbusters, this film promises to deliver the same amalgamation of humor, action and spooky thrills that made the franchise a hit. Fans eagerly await its release in theaters and streaming platforms.

Enter the realm where technology meets healthcare in a seamless fusion of innovation and humanity. The Healix Protocol embarks on a mission to bridge the gap between traditional medical systems and the transformative power of blockchain technology. Join the HLX token presale and become a pioneer in revolutionizing healthcare delivery worldwide. Embrace the future with Healix Protocol – where every token purchase propels us closer to a healthier, more connected world.

Adani Power Ltd. traded at Rs 519.25 on BSE at 02:00PM (IST) on Tuesday, down 1.94 per cent from previous close. The stock quoted a 52-week low price of Rs 166.25 and a high of Rs 589.3.

Pidilite Industries Ltd. fell 1.45 per cent to Rs 2881.75 at 11:42AM hours (IST) on Tuesday. 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 5,124 shares with a turnover of Rs 1.47 crore till 11:42AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 85.22, while the price-to-book value ratio stood at 16.59.

Cholamandalam Investment & Finance Company Ltd. traded at Rs 1052.3 on BSE at 11:37AM (IST) on Tuesday, down 0.45 per cent from previous close. The scrip quoted a 52-week low price of Rs 709.85 and a high of Rs 1309.75.

Shriram Finance Ltd. gained 0.5 per cent to Rs 2321.0 in Tuesday's session as of 10:15AM (IST) even as the equity benchmark Sensex traded 528.73 points lower at 72219.69. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 2535.0 and a 52-week low of Rs 1202.8 on NSE. Around 5277 shares changed hands on the counter till 10:15AM (IST).

InterGlobe Aviation Ltd. rose 1.35 per cent to Rs 3292.0 at 10:00AM hours (IST) on Tuesday. 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 18,546 shares with a turnover of Rs 6.13 crore till 10:00AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 17.75, while the price-to-book value ratio stood at -11.79.

By Jamie McGeever

By Max A. Cherney and Stephen Nellis

Options expiration may have clouded Friday's volume, but Friday's buying in the Russell 2000 (IWM) did not do enough to challenge the «bull trap» or the loss of the 20-day MA.