Gap Financial News

India is attracting increased attention of global businesses and they have an important role to play in bringing additional investments over and above domestic resources. India wishes to be an important part of global supply chains and is also seeking investments to shore up domestic capability in sectors like semi-conductors, IT and telecom equipment, defence manufacturing, medical equipment, etc. Well-established global corporations in these areas could help bridge the gap in a short period of time. They bring in knowledge and technology, which otherwise can take a long time to develop. The interim budget would be presented in the midst of positive tailwinds for India like geo-political alignment, stable macro-economy (exchange rates and interest rates under control), 100% FDI allowed in most sectors and the Government’s aspiration of making India a developed country by 2047. Despite the tailwinds, the pace of growth in Gross FDI has moderated after touching a high of USD 85 Billion in FY 22. The sentiment however remains strong given that India’s growth is likely to sustain over the long run. The attractiveness of the Indian market together with an easy and competitive business environment can India an unbeatable proposition for global companies. The interim budget can be leveraged to give this message, especially given that investments decisions are made constantly and there are other countries competing with India to attract FDI.

Sensex declined 313.90 points, or 0.44%, to close at 71,186.86, while the Nifty 50 settled 109.70 points, or 0.51%, lower at 21,462.25. Nifty 50 formed a small positive candle on the daily chart with upper and lower shadow. Technically, this pattern indicates a formation of high wave type candle pattern at the lows, which signals high volatility in the market.

The average long-term U.S. mortgage rate fell this week to its lowest level since May, welcome news for prospective homebuyers facing rising home prices and intense competition for relatively few properties on the market

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Siemens Ltd. traded at Rs 4051.95 on BSE at 01:06PM (IST) on Thursday, down 1.37 per cent from previous close. The stock quoted a 52-week low price of Rs 2811.95 and a high of Rs 4244.55.

Info Edge (India) Ltd. fell 1.4 per cent to Rs 5097.65 at 12:56PM hours (IST) on Thursday. Earlier in the day, the stock saw a gap down start to the session.

United Spirits Ltd. traded at Rs 1072.0 on BSE at 12:46PM (IST) on Thursday, down 2.14 per cent from previous close. The scrip quoted a 52-week low price of Rs 730.9 and a high of Rs 1125.0.

Bajaj Holdings & Investment Ltd. fell 1.81 per cent to Rs 7938.45 in Thursday's session as of 11:59AM (IST) even as the equity benchmark Sensex traded 181.25 points lower at 71319.51. Earlier in the day, the stock witnessed a gap down start to the session.

Lupin Ltd. rose 0.93 per cent to Rs 1413.25 at 12:04PM hours (IST) on Thursday. Earlier in the day, the stock saw a gap down start to the session.

ACC Ltd. fell 0.53 per cent to Rs 2240.8 at 11:54AM hours (IST) on Thursday. Earlier in the day, the stock saw a gap down start to the session.

Sensex cracked 1,628.01 points, or 2.23%, to end at 71,500.76, while the Nifty 50 ended 460.35 points, or 2.09%, lower at 21,571.95. Nifty 50 formed a reasonable negative candle on the daily chart with a long upper shadow. The huge opening downside gap remains partially filled.

Global Renewable Capacity: The world added a record renewable energy capacity in 2023 reaching around 507 GW. While this is a robust increase of nearly 50% over 2022, we need to triple global renewable capacity to tame the energy demand beast. Over the next five years, solar and wind power additions are projected to more than double with an addition of almost 430GW by 2028.

A short week for the markets has opened with some modest selling, hardest felt in the Russell 2000 (IWM), but common across all lead indexes.

Tube Investments of India Ltd. traded at Rs 3813.65 on BSE at 02:14PM (IST) on Wednesday, down 2.74 per cent from previous close. The stock quoted a 52-week low price of Rs 2375.05 and a high of Rs 4046.9.

Godrej Consumer Products Ltd. traded at Rs 1110.75 on BSE at 01:06PM (IST) on Wednesday, down 1.04 per cent from previous close. The scrip quoted a 52-week low price of Rs 885.1 and a high of Rs 1207.0.

Colgate-Palmolive (India) Ltd. fell 0.76 per cent to Rs 2479.6 at 12:20PM hours (IST) on Wednesday. Earlier in the day, the stock saw a gap down start to the session.

₹ 6,000 crore. The initial allocation is specifically aimed at supporting 1 GW of offshore wind capacity, and the ministry of new and renewable energy (MNRE) has sent the proposal to the finance ministry, two people familiar with the developments told Mint. Queries sent to MNRE and finance ministry remained unanswered till press time.

Diablo 4 Season 3, the upcoming major content update for the game, is set to bring changes and new features. With the Season of Blood drawing to a close, players are gearing up for the next phase in the game's evolution. Here's a rundown of what to expect in Diablo 4 Season 3. Diablo 4 Season 3: Reveal Date

Union Budget 2024: Finance Minister Nirmala Sitharaman is going to present an interim budget on February 1. This budget is not expected to include any major announcements — that will be left to the full budget which will be presented by the new government elected after the Lok Sabha elections in May. However, the interim budget will include what is at the heart of a budget — projections for the coming financial year, that is the calculations about income, spending and borrowings. Read our full Budget 2024 coverage How does the budget math work? What are the key calculations that go into the making of a budget? The process of budget-making is a forward-looking exercise, since it is for the coming year, and is based on several assumptions. The budget in effect is a matter of several projected numbers.

Info Edge (India) Ltd. traded at Rs 5206.15 on BSE at 02:06PM (IST) on Tuesday, down 2.52 per cent. The stock quoted a 52-week low price of Rs 3310.0 and a high of Rs 5332.8.

Indian stocks are trading near their most expensive levels against battered Chinese peers, underscoring a growing divergence in investor preference between the two emerging market leaders. The MSCI India Index trades at a 157% premium over the China gauge on valuations based on forward earnings estimates, just 3 percentage points short of the record reached in October 2022, according to data compiled by Bloomberg. India — long dubbed the “next China” — has emerged as an investor favorite, aided by solid earnings and a booming consumer market. It’s ascent came on the back of a sluggish Chinese market, where problems ranging from rivalry with the US and deflationary pressures led to a third annual decline in the MSCI China gauge.