Gap Financial News

The S&P 500 dropped by around 35 bps on the day, with most of the decline coming in the final minutes. Yesterday, there was a large sell imbalance that was $4.1 billion, which helped to create that wave of selling into the close.

₹1.5 lakh to taxpayers for investing in various specific instruments and expenses like PPF, life insurance, ELSS, National Savings Certificate, etc. Experts believe there is an urgent need for a different tax exemption category for term insurance. “We have been asking the government to introduce a separate tax deduction limit for life insurance for the last 5 to 6 years but nothing has happened.

Jubilant Foodworks Ltd. traded at Rs 555.95 on BSE at 12:28PM (IST) on Friday, down 0.94 per cent. The stock quoted a 52-week low price of Rs 412.2 and a high of Rs 586.35.

IRCTC share price: Shares of Indian Railway Catering and Tourism Corporation (IRCTC) have been on an uptrend after ushering in November 2023. IRCTC's share price bottomed out at ₹645 apiece levels at the end of October 2023. After that, it has been ascending continuously and hitting a new 52-week high regularly.

Trent Ltd. traded at Rs 3066.5 on BSE at 11:36AM (IST) on Friday, down 0.05 per cent from previous close. The stock quoted a 52-week low price of Rs 1155.1 and a high of Rs 3108.45.

SBI Cards and Payment Services Ltd. gained 0.85 per cent to Rs 776.65 in Friday's session as of 11:42AM (IST) even as the equity benchmark Sensex traded 40.42 points higher at 71887.99. Earlier in the day, the stock witnessed a gap up start to the session.

Lululemon Athletica, founder, Chip Wilson, recently reignited controversy with pointed remarks about the brand's trajectory, specifically aiming for its commitment to diversity and inclusion. In an interview with Forbes, Wilson expressed stark opposition to Lululemon's pursuit of catering to a wide-ranging audience, likening this strategy to an attempt to emulate the universal appeal of retail giant Gap.

Kaveri Seed buyback: The board of directors of Kaveri Seed Company Limited is going to consider and approve the proposal for the buyback of shares. The company board will consider and approve the buyback of shares in its meeting scheduled today.

MphasiS Ltd. traded at Rs 2673.35 on BSE at 10:10AM (IST) on Friday, up 2.74 per cent from previous close. The stock quoted a 52-week low price of Rs 1660.65 and a high of Rs 2788.35.

SHANGHAI (Reuters) — China's yuan eased against the dollar on Friday, as a widening yield spread and balance sheet policy divergences between the U.S. and China remained short-term headwinds for the yuan.

India paid an average of $85.42 per barrel for Russian oil in November, the highest since the Group of Seven (G7) advanced economies imposed a price cap of $60 per barrel to cut Moscow's revenue, preliminary government data shows. India paid 1.4% more for Russian oil in November compared to $84.20 per barrel in October, Reuters calculations based on government data show. The data also showed declining discounts for Russian oil narrowed the price gap with India's second largest oil supplier Iraq in November. India paid an average $85.73 per barrel for supplies from Iraq and $93.32/barrel for Saudi oil, the data showed. Since the imposition of the price cap in December 2022, India has mostly paid above the $60 ceiling for Russian oil that had still proved cheaper than the similar grades from elsewhere. June was an exception when prices were lower. Indian refiners buy Russian oil on delivered basis from from ports in Greece, South Korea and Spain, as well as directly from Russia. Sales from Russian ports at more than $60/barrel led to the U.S.

Roughly half of Americans don't have access to a workplace retirement plan — but states are increasingly stepping in to fill that gap, both for residents' wellbeing and their own.

A less flashy Chinese electric vehicle maker is fast closing the gap with Tesla, the longtime, market-leading pioneer

The average long-term U.S. mortgage rate edged higher this week, ending a nine-week slide that gave prospective homebuyers some breathing room after home loan borrowing soared to the highest level in more than two decades

consumer goods maker Dabur said in a third quarter update on Thursday that it expects consolidated revenue to register mid to high single-digit growth, a slight improvement over the July-September quarter. The maker of Real juice, Hommade condiments and chyawanprash noted in a filing to the stock exchanges that its foods and beverages segment would lead growth in the quarter, usually the best performer in the October-December quarter due to the festive season and its juices portfolio. Dabur said the third quarter has been better than expectations, also driven by its acquired Badshah masala franchise and its international business. The company, which derives almost half of its annual sales from rural India, however, noted that demand in the hinterland continues to be a concern for the company. Rural demand has continued to lag behind urban demand, though the gap has reduced in the last quarter.

Stocks fell for a second day, with the S&P 500 dropping by around 80 bps. The index gapped lower, unwinding the big buy imbalance at yesterday’s close.

The start of a new year often has a feeling of renewal and optimism about it, but when the challenges of the previous year remain, this can be a hard state to achieve.

man-portable air defence missile system, designed to eliminate hostile aircraft, drones, and helicopters at very short ranges. This development comes as the armed forces are currently inducting a limited number of Russian systems to address operational gaps in the ongoing military standoff with China in eastern Ladakh, a TOI report stated. The indigenous very short-range air defence system (VSHORADS), developed by DRDO to neutralize low-altitude aerial threats within a 6-km range, is expected to undergo user trials by April-May, according to a senior defense official.

On the last day of 2023, the President issued a gazette notification for the appointment of the 16th Finance Commission. While there was a lot of interest in the announcement, an omission in the other end of the public finance continues to attract no attention. States are not appointing finance commissions (SFC).

Pidilite Industries Ltd. traded at Rs 2765.45 on BSE at 01:44PM (IST) on Thursday, down 0.26 per cent from previous close. The stock quoted a 52-week low price of Rs 2250.85 and a high of Rs 2789.55.

By Tim Hepher, Allison Lampert, David Shepardson and Valerie Insinna