Limelight Financial News

Gold prices steadied on Thursday after hitting a record high on the previous session, aided by the expectations for another big rate cut by the U.S. Federal Reserve, while traders await Federal Reserve Chair Jerome Powell's comments for further hints on the policy outlook.

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Subscribe to enjoy similar stories. The US Federal Reserve has cut interest rates by 50 basis points for the first time since 2020, paving the way for global monetary policy easing, including India. According to Macquarie, the biggest beneficiary of interest rate cuts within the banking, financial services and insurance space could be non-banking financial companies or NBFCs.

LIC Housing Finance shares fell over 6% while those of PNB Housing Finance plunged nearly 7% as the stellar debut of Bajaj Housing Finance on Monday took away all the limelight from them. Bajaj's multibagger debut saw the stock get listed at a premium of 114%. LIC Housing shares today fell to the day's low of Rs 678 on the NSE amid strong volumes as more than 92 lakh shares changed hands around 2 pm. On the other hand, PNB Housing fell to the day's low 1,061.05 following a Friday rally where the stock had hit its 52 week high of Rs 1,202.20.

" Definitely, SBI for a long time, has seen a downfall today. But looking at the bigger picture for State Bank, I think there is a long way to go," says Dharmesh Shah, Head-Technical, ICICI Direct. The PSU pack which has been leading the Nifty lower, so how are you looking at the PSU banks right now after the sharp fall that we have seen in the last couple of days, anything that looks good to you? Dharmesh Shah: Yes, definitely, PSU as a sector has been not in limelight for a long time. So, one should not forget that they have seen a fantastic rally for last six months.

sugar stocks listed on the BSE, 35 closed higher on Friday. Shares of Triveni Engineering jumped 8.6%. EID Parry, Balrampur Chini, Shree Renuka Sugars, Dalmia Bharat Sugar, DCM Shriram, Avadh Sugar & Energy and Dhampur Sugar Mills gained between 1.9% and 7.5% on Friday. The government's notification removes the limit that exists on the diversion of sugar for ethanol production. «Since ethanol is a high-yielding product, this removal of cap would help the sugar mills and distilleries to manufacture more ethanol and improve their revenue mix directly, which will improve cash flows and stabilize the sugar industry,» said T Manish, research analyst, Samco Securities.

Kennedy Jr. has not been so much in the headlines as Kamala Harris and Donald Trump over the course of the past few weeks, but this latest stance of his, has made him the biggest headline of the United States. There are strong rumors that RFK Jr. would be dropping out of the upcoming US Presidential polls 2024, and could be allying with either Donald Trump or Kamala Harris, for a possible partnership and support.

US election 2024 race was by and large headlined by Republican Donald Trump, President Joe Biden and Vice-President and Democratic Presidential nominee Kamala Harris. However, Independent Presidential candidate Robert F. Kennedy Jr has suddenly hogged all the limelight. Robert F. Kennedy Jr. is expected to drop out of the race for the White House, US media reported on Wednesday, with the independent candidate due to make a major address later in the week. However, Robert F. Kennedy Jr.'s campaign said on Wednesday that he would address the nation on Friday in Arizona, where he will talk about «the present historical moment and his path forward.» Kennedy is planning to drop out of the election and endorse Trump, but that hinges on whether the Republican offers Kennedy «and others» a position in the White House if elected, Larry Sharpe, outreach director with American Values 2024, told Reuters.

Vinesh Phogat’s dream of winning an Olympics medal was shattered for being a mere 100 gm overweight, at least 15 brands have queued up to sign her on. There is a rush to make the Indian wrestler — and other Indian athletes who stood out at the recent Paris Games — the face of brands across categories such as packaged foods, health, nutrition, jewellery, banking and education, executives in the know said. Phogat’s endorsement fee is up to `1 crore per deal per year, from Rs 25 lakh before the games, they said. Chopra, Bhaker Also Gain “Marketers are approaching us, citing not only her performance but the grace with which she conducted herself, despite being defeated by the system,” said Tuhin Mishra, cofounder of Baseline Ventures that represents the wrestler. Despite not winning a medal, Phogat, who endorsed Nike sportswear and Country Delight dairy before the start of the Olympics, was clearly one of the standout Indian athletes, along with javelin throw silver medallist Neeraj Chopra and shooter Manu Bhaker, who won two bronze medals.

Elon Musk is due to interview Republican presidential candidate Donald Trump on the X social media network on Monday in an event that could inject more surprises into the turbulent U.S. presidential election. The interview, scheduled for 8 p.m. Eastern Time (0000 Tuesday GMT), could provide the former president an opportunity to seize the limelight at a time when his campaign is seen as sagging. His Democratic rival for the Nov. 5 election, Vice President Kamala Harris, has erased Trump's lead in opinion polls and energized Democratic voters with a series of high-energy rallies.

JD Vance use Ozempic, an anti-obesity medication used for long-term weight management? This question has been raised after he lost 30 pounds since his 2022 Senate run. There is a long list of celebrities who have reportedly used this medication. Ice Spice was suspected of using it due to her 'melting figure' and Katy Perry is also supposed to have taken it after her return to the limelight.

Amy Tripp, who hogged the limelight after successfully predicting the date on which US President Joe Biden would announce his withdrawal from the re-election bid, has now claimed who would win the US Presidential election 2024 and become the next President of the United States of America, as per a report on New York Post.

Zane Thadani had a run-in with Bollywood's king of romance, Karan Johar, that's got everyone talking. In a video that's quickly gone viral, Thadani hilariously addresses the filmmaker as "uncle" during a chance meeting in London.

Taylor Swift Eras Tour tickets prices have always hogged the limelight. With the Eras Tour shows set to resume in August, here is the last chance to grab tickets in cheap price. Swift will perform across multiple cities in Europe. She will conclude the European leg with five concerts in London. One of Swift's shows will be at Ernst-Happel-Stadion in Vienna on August 10. Fans can grab two tickets by spending just £10 (USD 12.92). Wowcher is offering the lucrative deal for Swift fans to witness the Vienna concert. One needs to visit Wowcher UK website for cheap tickets, as per a report in Mirror. Swift fans can also purchase Eras Tour Tickets from traditional websites. However, some ticket prices are ranging between £400 and £600, Mirror reported.

Devoleena Bhattacharjee is expecting her first baby with husband Shahnawaz Shaikh. According to a News18 report, the couple is busy celebrating the pregnancy. However, the TV star is in no hurry to make her pregnancy public. “She is [pregnant] but she does not want to announce it as of now. Devoleena likes to keep her personal matters away from the limelight and therefore she does not want to give any media attention to her pregnancy as of now. But surely, she will announce the good news whenever she feels the time is right,” a source close to the ‘Lal Ishq’ actress told the entertainment portal. Earlier in an interview, the actress got extremely bothered and requested News 18 to back off from her private life. “I get irritated when I get messages or calls asking about rumours. If it is my personal life, I’ll tell you whenever I feel like it. Don’t bother me or don’t worry about it. Everything has the right time. There are so many rumours about me which I laugh at. I was shocked. There’s nothing one can do about it,” she told the news publication.

Aishwarya and Deepika, both dressed in elegant red attire, stole the limelight as they shared a warm hug captured in viral videos and photos circulating on social media. The heartfelt moment between the two actresses, reminiscent of their camaraderie at previous events, delighted fans worldwide.

Olivia Dunne has revealed her future plans even as she is romantically linked with rising star of Major League Baseball (MLB) Paul Skenes. 21-year-old gymnast hogged all the limelight at Louisiana State University (LSU) where she performed for four years. Dunne said that while she has the 'eligibility' for one more year at LSU and this will maker her stint a five-year event. She is thinking about opting the LSU option, as per New York Post report. Dunne, however, ruled out striving for Olympics in near future. She said that she had performed for Team USA but decided to end the chapter before shifting to LSU, as per the report.

Equity markets clocked gains for the third consecutive week, continuing their upward trajectory as Nifty made new highs. The index, however, came under pressure at higher levels due to some profit booking. «We expect this positive momentum to continue at a steady pace with stock-specific action. However, the release of economic data points next week would keep a little volatility in the market. Sector like Auto is expected to be in the limelight as OEMs would release their monthly auto Sales number,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.

Quant Mutual Fund schemes in the last 4 days ever since the Sebi investigation came into limelight. So far in the week, NAVs of 11 Quant schemes, including Quant Large Cap Fund, Quant Flexi Cap Fund, Quant Focused Fund, Quant Absolute Fund, and Quant Momentum Fund, have actually increased while there has been some impact on the returns of the remaining 16 schemes. The net asset value of two Quant schemes was up by 1% in the last four days. The NAV of Quant ESG Equity Fund and Quant Focused Fund was up by 1.16% and 1% respectively.

Travis Kelce has revealed candid, heart-warming details about the dating with Eras Tour singer. Kansas City Chiefs superstar Tight End and 14-time Grammy winner hogged all the limelight due to their romantic relationship, Eras Tour, NFL games, and Super Bowl. 34-year-old three-time Super Bowl champion Kelce has said that he tried to share number with American Pop sensation Swift during a concert of Eras Tour. The plan initially was unsuccessful.

Daniel Craig confirmed his exit from the James Bond franchise, the question looming large on Bollywood is what qualities the new superspy must possess and what should he look like. As the untitled 26th James Bond movie has been planned with Idris Elba, Tom Hardy, Henry Cavill and James Norton, the question is, what must be the new 007 agent like? Earlier it was rumored that Aaron Taylor-Johnson had been cast as the new James Bond, later it was also suggested that Taron Egerton is now the favorite. What Debbie McWilliams did say?