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mutual funds have turned a monthly SIP investment of Rs 40,000 into Rs 1 crore in the last 10 years, data crunching by ETMutualFunds showed. Around 23 large cap funds have completed 10 years of existence in the market.

Narendra Modi and his 71 ministers took oath of office and secrecy on Sunday.On Friday, the Indian stock market indices ended at their fresh closing highs, extending gains into the third consecutive session, after the Reserve Bank of India (RBI) kept the repo rate and policy stance unchanged while raising the GDP estimates for FY25 and retaining the inflation target.The Sensex jumped 1,618.85 points, or 2.16%, to close at 76,693.36, while the Nifty 50 settled 468.75 points, or 2.05%, higher at 23,290.15.Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — June 10“Now hopes have revived that the US Federal Reserve might cut interest rates in the September meet based on recent macro data points. This week, focus will be on allocation of key cabinet portfolios such as Finance, Defense, Roads, Energy, Commerce, and Railways.

F&O ban list: The National Stock Exchange (NSE) has banned trading in three stocks on Monday, June 10, 2024, in the futures and options (F&O) segment due to their exceeding 95% of the market-wide position limit (MWPL).However, these stocks will be available for trading in the cash market.The NSE updates the list of securities in the F&O ban for trade every day.ALSO READ: Stocks to buy: Granules and Tata Motors looking attractive, here's whyBalrampur Chini Mills, SAIL, and ZEEL are the three stocks on the NSE's F&O ban list for June 10.The National Stock Exchange (NSE) said the derivative contracts in the mentioned securities have crossed 95% of the market-wide position limit and have been currently placed in the ban period by the stock exchange.“It is hereby informed that all clients/members shall trade in the derivative contracts of said security only to decrease their positions through offsetting positions. Any increase in open positions shall attract appropriate penal and disciplinary action," the NSE statement said.No new positions are allowed when the stock exchanges place F&O contracts in a particular stock during the F&O ban period.

Sensex surged 1,618.85 points, or 2.16%, to close at 76,693.36, while the Nifty 50 settled 468.75 points, or 2.05%, higher at 23,290.15.Nifty 50 formed a long bull candle on the daily chart on Friday, that has reached the important upper trajectory of the upper part of Tuesday’s long bear candle at 23,200 levels. Also Read: Indian stock market: 7 key things that changed for market over weekend - Gift Nifty, Modi 3.0 to US nonfarm payrolls“Hence, the sharp fall of Tuesday (election result day) has been regained in just three sessions.

Kronox Lab Sciences IPO: The initial public offering (IPO) listing date for Kronox Lab Sciences Limited has been fixed on June 10 2024, i.e. today.

Dividend stocks: Shares of Dr. Lal PathLabs Ltd and Nelco Ltd will be in focus when the stock market opens on June 10 (Monday).The Board of Directors of the two companies had declared final dividends for their eligible shareholders.These companies had fixed June 10 as the record date to ascertain the eligibility of shareholders for their respective issues.ALSO READ: Stocks to buy: Granules and Tata Motors looking attractive, here's whyShares of Dr.

Buy or sell stocks for today: Buoyed by the commentary by the dovish RBI and hike in FY25 GDP growth forecast, the Indian stock market ended higher for the third straight session on Friday last week. The Nifty 50 index gained 468 points and closed at 23,290, whereas the BSE Sensex surged 1618 points and ended at 76,693.

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ALSO READ: Buy or sell: Sumeet Bagadia recommends these three stocks for Monday - June 10After the Fed statement, investors will closely watch chairman Jerome Powell’s press conference for insights.On June 12 (Wednesday) , Federal Open Market Committee’s (FOMC) interest rate decision will be announced, Fed chair Jerome Powell will hold a press conference, and consumer price index (CPI) data for May will be released.June 13 (Thursday) will see the release of producer price index (PPI) data for May.On June 14 (Friday), import price index data for May and consumer sentiment (preliminary) report for June will be released.Apple will hold its annual developers conference WWDC in the week ahead. Artificial intelligence (AI) could be the focus of the WWDC event, starting on Monday.ALSO READ: Indian stock market: Investors’ focus on inflation data, Modi 3.0, US Fed meetFollowing companies are due to report quarterly earnings in the week ahead— Yext, Calavo Growers, FuelCell Energy, Oracle, Casey's General Stores, ZEEKR, Rubrik, Broadcom, Dave & Buster's Entertainment, Oxford Industries, Signet Jewelers, Adobe, and RH.US stocks closed slightly lower on Friday after stronger-than-expected jobs data.The Dow Jones Industrial Average fell 87.18 points, or 0.22 per cent, to 38,798.99, the S&P 500 lost 5.97 points, or 0.11 per cent, to 5,346.99 and the Nasdaq Composite lost 39.99 points, or 0.23 per cent, to 17,133.13.The yield on the 10-year Treasury rose to 4.43 per cent from 4.29 per cent just before the release of the jobs data.

Mumbai: The Indian stock market will be watchful of global factors after the Lok Sabha elections and monetary policy decisions are settled, next week.Analysts believe that investors will keep an eye on the US Fed interest rate decision, India's inflation data, and the decisions of the new government for the upcoming week starting from Monday.The US Fed will announce US core and consumer price inflation figures, alongside the US Federal Reserve's interest rate decision and Federal Open Market Committee (FOMC) economic projections on June 12. Bank of Japan will also announce its interest rate decisions this week.Domestically, On June 12, 2024, India will announce industrial production data and inflation data which will be closely tracked by the investors.India's retail inflation eased to 4.83 per cent in April, down from 4.85 per cent in March.

8th Pay Commission Salary Structure: Over a crore government employees and pensioners are eagerly awaiting the formation of the 8th Pay Commission, which will submit its recommendations to the government regarding an increase in the salary of government staff.

Stock Market News: The domestic benchmark indices, the Sensex and Nifty 50, rose more than 2% to reach new highs on Friday after the Reserve Bank of India (RBI) increased the GDP growth forecast to 7.2% for 2024-25 from 7% before.In day trading, the 30-share BSE Sensex rose 1,720.8 points, or 2.29%, to a new record high of 76,795.31. The benchmark closed at a record high of 76,693.36, up 1,618.85 points, or 2.16%.The NSE Nifty rose 498.8 points, or 2.18%, to 23,320.20 throughout the day, trailing just the record intraday high by 18.5 points.

Indian stock market: Continuing their upward trend for the third consecutive session, Indian stock market benchmarks, the Sensex and the Nifty 50, reached new closing highs on Friday, June 7. Despite a sharp 6 percent drop on June 4, market benchmarks have shown solid gains so far in June. The Sensex has risen by about 3.7 percent, while the Nifty 50 has gained nearly 3.4 percent in the first week of the month.During the session, the Sensex reached a new all-time high of 76,795.31 before closing at 76,693.36, up 1,619 points or 2.16 percent, with all components in the green.

The upcoming week will also place a significant focus on monetary policy decisions of central banks, as the US Federal Reserve will begin its two-day policy meeting on June 11. The US Fed will announce its interest rate decision after its two-day policy meeting on Wednesday, June 12, 2024.Analysts noted that the US economic landscape has shown signs of moderation in recent months.

Destiny 2's expansion, The Final Shape, introduces the Salvation’s Edge raid. This raid is a key endgame activity. Here are the details about its release date, bosses, and more, as per a Dexerto report.

₹14,794 crore worth of Indian equities and the total outflow stands at ₹10,355 crore as of June 7, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL) data. The total debt inflows stand at ₹4,008 crore in the first week of June.

said on Saturday that now is the correct time to put forward the long-pending demand for the "special category status" to Bihar.Meanwhile, former Bihar Deputy Chief minister and RJD leader Tejashwi Yadav said it's a good opportunity for Bihar Chief Minister and JD(U) leader Nitish Kumar. "...if he is the kingmaker, he should make sure that Bihar gets a special status...," Yadav said.The CPI(ML) Liberation, which won two Lok Sabha seats in Bihar, also said the Centre should consider the INDIA bloc demand for giving special category status to Bihar.Not only the INDIA bloc members—RJD and the CPI(ML) Liberation—but also its rival and Bihar Chief Minister Nitish Kumar recently raised the same demand before his NDA partners.

Walmart says it is against putting panic buttons in stores — an item shoppers in New York may soon find on shelves.

index S&P BSE Sensex rose to new highs on Friday to 76,795, recovering from its sharp declines on election outcome day. Both indices, Nifty50 and BSE Sensex managed to close the week above their close on Monday. The week was a roller coaster for the traders, but with the elections behind us, one needs to move on and focus on the calls of the new all-time highs that might be awaiting.

₹333 crore from anchor investors. The subscription period for Le Travenues Technology's initial public offering will wrap up on Wednesday, June 12.Major investors that have subscribed to ixigo IPO's anchor book include Nomura, Morgan Stanley, 3P India Equity Fund, HDFC MF, Motilal Oswal MF, the Government of Singapore, and Tata Investment Corporation.“The IPO Committee of the company at its meeting held on June 07, 2024, in consultation with Axis Capital Limited, DAM Capital Advisors Limited and JM Financial Limited (“Book Running Lead Managers"), have finalised allocation of 35,811,405 equity shares, to anchor investors at anchor investor allocation price of ₹93/- per equity share," said the company in an exchange filing on Friday, June 7.Out of the total allocation of 35,811,405 equity shares to anchor investors, 12,087,583 equity shares (33.75% of the total allocation to anchor investors) were allocated to four domestic mutual funds that applied through a total of seven schemes (SBI Magnum Children's Benefit Fund, HDFC Mutual Fund, Whiteoak Capital Flexi Cap Fund, Motilal Oswal Large Cap Fund).ixigo IPO already announced pre-IPO secondary placements of about ₹176.2 crore at the upper end of the price range, which were completed a day before the anchor book opened.ixigo is a digital firm that enables Indian travellers to plan, book, and manage their journeys by train, air, bus, and hotel.

brought on by a massive water main break earlier in the week — still has no timeline to be resolved.“This current level of water use cannot continue … (or we will be) at risk of running out,” said Nancy Mackay, the City of Calgary’s water services director.“We must all further reduce our water use to effectively use our remaining water supply.”Mackay joined Susan Henry, the chief of the Calgary Emergency Management Agency, for a Friday morning news conference to provide an update on the water issue that first arose Wednesday night.On Thursday, Calgarians were asked to stop using water outdoors and do their best to minimize indoor water use.Both Mackay and Henry said Calgarians did a good job of conserving water for much of Thursday, but more conservation efforts were needed once people got home from work in the evening.“(That) took us back to a situation where we were using more water than we can produce,” Henry said.