Recommendations Financial News

Nifty futures has rolled at around 72 per cent compared to 65 per cent which is slightly higher with respect to the previous series. The Open Interest (OI) for the new contract is higher by around 20 lakhs with respect to the last month contract implying more short positions.Bank Nifty futures rolled at 68 per cent compared to 74 per cent, lower than the previous month. Bank Nifty futures have seen anaddition of OI of around 5.6 lakh with respect to the last month.

Coal India is very bullish. The stock is in strong bullish momentum. After some consolidation, it saw some kind of pullback and after pullback, it took support from recent breakout levels. Now we may see a further momentum in the counter, says Santosh Meena, HoR, Swastika Investmart. The data point which we saw on Friday showed that after 14 years, FIIs have turned net long on index. What are you making out of it because they are closing the week and, of course, they are closing the monthly expiry ahead of the outcome with a heavy short built up.

₹20 lakh to ₹25 lakh."As per the Government's decisions in the implementation of the recommendations of the Seventh CPC, the maximum limit of Retirement Gratuity and Death Gratuity under the Central Civil Services (Pension) Rules, 2021 or the Central Civil Services (Payment of Gratuity under National Pension System) Rules, 2021, would be increased by 25% i.e. from ₹20.00 Lakh to ₹25.00 Lakh, with effect from 1" January 2024," Ministry of Personnel, Public Grievances & Pensions Department of Pension & Pensioners' Welfare said in an Office Memorandum.

Also Read: Lok Sabha Election Phase 7 Voting Live Updates: 49.68% voter turnout till 3 pm; sporadic violence in West BengalIn an attempt to take into account the expected outcomes of the results of the national election, market analysts believe that the equities market remained volatile and biased downward throughout the week. As the voting process gets underway early next week, the market can remain jittery until the final results are revealed and the market takes a clear course.

Also Read: Pune Porsche crash: Mother of minor accused arrested over tampering blood sample.After the arrest of Dr Ajay Taware, then head of the department of forensic medicine at Sassoon General Hospital, a 2023 letter from Tingre had surfaced in which he recommended the doctor be given an additional charge of medical superintendent.Tware, along with Dr Shrihari Halnor and employee Atul Ghatkamble have been arrested for allegedly manipulating the minor’s blood samples to show that he was not drunk at the time of the accident.Dr Ajay Taware, then head of the department of forensic medicine at Sassoon General Hospital, medical officer Dr Shrihari Halnor and employee Atul Ghatkamble.Also Read: Porsche crash: Pune police to quiz minor after teen's friends confirm 'he was drunk'Ajit Pawar further added , "Our MLA Sunit Tingre held a press conference in this regard. He has high sugar and is unwell right now.

Buy or sell stocks: As investors shifted their bets ahead of next week's national elections, the domestic benchmark indices, the Nifty 50 and the Sensex, wavered between gains and losses on Friday, closing marginally higher but recording their first weekly decrease in three.The S&P BSE Sensex rose by 0.1% to 73,961 points, while the NSE Nifty 50 finished the day up 0.2% at 22,531 points.Prior to giving up the gains, both benchmarks went up as much as 0.7% in early trading.Today, June 1, marks the end of India's weeks-long election campaign. On June 4, votes will be tallied.

Lok Sabha elections 2024 approach, market volatility is likely to continue, leaving investors anxious about their portfolios. The political landscape significantly impacts market movements, with benchmark indices witnessing substantial fluctuations around election periods. Knowing how to navigate this volatility can help investors safeguard their investments and potentially capitalise on opportunities.

mutual fund categories have delivered up to 240% absolute return in the last five years of the Modi government's second term, an analysis of category performance by ETMutualFunds showed. There were around 14 equity and equity-oriented categories in the market in the said period. Small cap funds stood first in the performance chart and gave an absolute return of 243.94% in the last five years of Modi’s second term as PM. Around 19 small cap schemes were in the market in the said period. Quant Small Cap Fund gave the highest absolute return of 463.36% in the last five years.

mutual funds tells you in how many years will your investments take to double, while Rule 114 helps you know in how many years will your investments take to triple. In this rule, an investor takes the number 114 and then divides it by the investment product's rate of return to achieve this. In other words, in this rule you divide 114 by the rate of return to find out the number of years. For example, if with a 6% return your investment amount will take 19 years to triple. Tripling your money might look like a long-term goal, but understanding this rule can help an investor set goals and make smart decisions.

If you are an EPF (Employees’ Provident Fund) subscriber, and want to make changes in your account, you can do the same online without having to go fill a physical form.  

Before investing in a mutual fund scheme, investors tend to examine its past returns and a host of other aspects, including the reputation of the fund house, macro-economic factors and the scheme’s category.

Nifty closed the week, as well as, the month in the red at 22,530 ahead of the exit polls and election outcome. High fluctuations were witnessed during in May, as India VIX rose to 24 levels. Caution and risk management seem to be a trader's friend given the volatility that is expected to persist till the election outcome. Sudeep Shah of SBI Securities interacted with ET Markets regarding the current outlook on Nifty and Bank Nifty ahead of the election outcome week. Following are the edited excerpts from his chat:

Also Read: Stock market holidays in May 2024: NSE, BSE to remain closed on these days; check list hereVoting for the seventh and final phase of the Lok Sabha Elections 2024 has started today, Saturday, June 1. The candidates running for 57 seats in seven states and one Union Territory, including Prime Minister Narendra Modi, will be decided upon.Seventh phase voting is underway today in the following states: Punjab (all 13 seats), Uttar Pradesh (13 seats), West Bengal (9 seats), Bihar (8 seats), Himachal Pradesh (all 4 seats), Jharkhand (3 seats), Odisha (six seats), and the one seat in Chandigarh Union Territory.Also Read: Lok Sabha Election Phase 7 Voting Live Updates: Polling begins in 57 seats; PM Modi, Kangana Ranaut in frayTogether with the Lok Sabha elections, Odisha is also holding elections for 42 assembly seats.

₹1.28 for Q4 which increased by 113.32% Y-o-Y. Healthcare Global Enterprises has delivered -0.28% return in the last 1 week, -3.16% return in the last 6 months and -2.05% YTD return.Currently, Healthcare Global Enterprises has a market cap of ₹4986.57 Cr and 52wk high/low of ₹401 & ₹306 respectively.

₹19.44, marking a 54.47% increase from the previous year.Cummins India recorded a -4.31% return in the last week, while boasting impressive returns of 88.4% over the past 6 months and 83.14% year-to-date.With a market capitalization of ₹99703.29 Cr, Cummins India's 52-week high/low stands at ₹3900 & ₹1653.3 respectively.Analysts covering the company have varied recommendations, with 2 analysts giving a Strong Sell rating, 5 analysts a Sell rating, 8 analysts a Hold rating, 3 analysts a Buy rating, and 6 analysts a Strong Buy rating.As of 01 Jun, 2024, the consensus recommendation for Cummins India was to Hold, aligning with the declared final dividend of ₹20.0 with an ex-dividend date of 19 Jul, 2024.FAQsQuestion : What is the Q4 profit/Loss as per company?Ans : ₹538.86CrQuestion : What is Q4 revenue?Ans : ₹2319.02CrStay updated on quarterly results with our results calendarMilestone Alert! Livemint tops charts as the fastest growing news website in the world

₹8.21 for Q4 which decreased by 23.82% Y-o-Y.Ahluwalia Contracts India has delivered -5.64% return in the last 1 week, 48.1% return in the last 6 months, and 56.32% YTD return.Currently, Ahluwalia Contracts India has a market cap of ₹8120.9 Cr and 52wk high/low of ₹1389 & ₹560.05 respectively.As of 01 Jun, 2024, out of 9 analysts covering the company, 3 analysts have given Hold rating, 4 analysts have given Buy rating, and 2 analysts have given Strong Buy rating.The consensus recommendation as on 01 Jun, 2024, was to Buy.FAQsQuestion : What is the Q4 profit/Loss as per company?Ans : ₹199.8CrQuestion : What is Q4 revenue?Ans : ₹1163.66CrStay updated on quarterly results with our results calendarMilestone Alert! Livemint tops charts as the fastest growing news website in the world

A second shareholder advisory firm has come out against reinstating a pay package for Tesla CEO Elon Musk that was voided earlier this year by a Delaware judge

airport, you’re greeted by a three-foot Temi robot, asking how she can help. Within seconds, she gives a list of coffee shops and guides you through the airport. The Temi robots in Bengaluru’s Kempegowda International Airport are just one example of how AI is changing tourism, transforming everything from travel planning to customer experience. A smarter way to travel

Lok Sabha Elections 2024 trading strategy: Is Nifty 50 set to scale new heights after poll results?Here are the five key factors set to influence the Indian stock market in June:All eyes are on the results of the Lok Sabha election 2024, which is expected on June 4. Exit polls will start coming after the final phase of the seven-phase general election on Saturday, June 1.

Also Read: IPO Boom: 57% of SME issues saw over 100% subscription in 2024, HOAC Foods leads pack; check top performersAnalysts believe that the rise in IPO activity has been driven by the strong economic development, rising Indian stocks, and consistently exceeding expectations of company earnings, which encourages more companies to go public. The IPO market has benefited greatly as a consequence, and new –age companies like Tata Capital, Hexaware, Ola Electric, and Swiggy are lining up for their 2024–2025 public market debuts.“The primary market witnessed 30 mainboard IPOs till May this year.

investors, especially new investors, are often confused about how to pick a bunch of schemes to take care of their various goals, especially for long-term goals like retirement. They keep looking for a ready-made mutual fund portfolio to achieve their long-term goals. Here is some help for such investors. We have put together a slew of schemes, based on risk profile, time horizon, and the amount you want to invest. ETMutualFunds launched its recommended mutual fund portfolios to invest through SIPs in October 2016. Since then, we have been closely monitoring the schemes in these portfolios and coming up with updates on them regularly. We also inform our readers about poorly performing schemes and replacements for them. The schemes in these ready made portfolios are selected based on our in-house methodology mentioned at the end of this article. ETMutualFunds' best mutual fund SIP portfolios are meant for three different individual risk profiles: conservative, moderate and aggressive. We have also considered three SIP baskets – between Rs 2,000-5,000, between Rs 5,000-10,000 and above Rs 10,000 – while creating these portfolios. Take a look at our recommended portfolios.