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Union Minister of State for External Affairs Meenakashi Lekhi on Sunday said the Prime Minister's Office is monitoring the ongoing situation in Israel adding «we are on the job» to bring back stranded Indian students. Israel has been at «war» with Hamas terrorists since Saturday morning. «Indian government is striving to bring back stranded students of India from Israel. Prime Minister and his office are monitoring the situation and huge efforts are underway to get back our students who are stuck in that country,» Lekhi told reporters. «Even in the past, many students including people from Andhra Pradesh were stuck across. So whether it was Operation Ganga or Vande Bharat, we brought everyone back and I am sure the government of India and the Prime Minister's Office is directly in touch with those people and is working and monitoring the situation,» added the union minister Lekhi. Following the rocket attacks on Israel from the Gaza Strip by Hamas, the Indian Embassy in Israel on Saturday issued an advisory for its nationals, requesting them to remain vigilant and observe safety protocols.

Multi Commodity Exchange of India (MCX), India’s largest commodity derivatives exchange, on October 8, received approval from the Securities and Exchange Board of India (SEBI) Technical Advisory Committee to launch a new web-based commodity derivatives platform (CPD). «SEBI Technical Advisory Committee has recommended that MCX and MCXCCL may Go-Live with the CDP and to intimate SEBI regarding the proposed date for Go Live,» MCX said in an exchange filing. «Accordingly, SEBI has withdrawn its directions to MCX and MCXCCL to keep the proposed Go-Live of CDP in abeyance,» it added. The approval comes after the SEBI had on September 29 asked the company to put on hold the proposed go-live of its new commodity derivatives platform planned for the first week of October. Earlier, MCX had said that its commodity derivatives platform would go live on October 3. The above action had been taken by the market regulator in view of the writ petitions filed by Chennai Financial Markets and Accountability (CFMA) on CDP. Shares of India's largest commodity exchange, the Multi Commodity Exchange, rallied 4.6% to Rs 2,039 on Friday's trade. On a year-to-date basis, the stock has surged 40%, while it has rallied over 55% in the past one year. As per Trendlyne data, the average target price of the stock is Rs 1,811, which indicates a downside of 11% from the current market prices.

Sectorally, buying was seen in realty, consumer durables, infra, and IT stocks while selling was seen in telecom stocks. Stocks that were in focus include names like Ujjivan Small Finance Bank which rose nearly 6%, Godrej Industries rallied nearly 20% and AstraZeneca Pharma closed with gains of more than 4% on Friday. All three stocks hit their respective 52-week high in intraday trade. We have collated a list of three stocks that either hit a fresh 52-week high, or all-time high or saw a volume or a price breakout. We spoke to an analyst on how one should look at these stocks the next trading day entirely from an educational point of view: Analyst: Hariprasad Kizhakkethara, SEBI Registered RA (INH200009351), Director of Livelong Wealth Ujjivan Small Finance Bank The stock went up to 11% in a single day on Friday.

The author, Vinod Nair is Head of Research at Geojit Financial Services Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions."Exciting news! Mint is now on WhatsApp Channels

Hamas, Al-Qassam Brigades, described Saturday's surprise assault on Israel as an operation «in defense of the Al-Aqsa Mosque,» invoking a dispute around a site that is sacred to both Muslims and Jews and that is among the most deeply contested in the holy land. The mosque sits in a 35-acre site that is considered the holiest in Judaism and the third holiest in Islam. Muslims call the site — which also includes the Dome of the Rock shrine — Haram al-Sharif, or the Noble Sanctuary. According to Islamic scripture, the Prophet Muhammad traveled from Mecca to the mosque in one night to pray, and then ascended to heaven. Jews call the site the Temple Mount, because it was the location of two ancient temples that were destroyed. Israel captured East Jerusalem and the Old City, which contains the site, during the Arab-Israeli War of 1967, then annexed it, but most countries consider it to be occupied territory. The mosque is administered by the Waqf, a trust controlled by Jordan, under a status quo agreement. Israeli security forces maintain a presence on the site, and Jews and Christians can visit, but for years they were prevented from praying on the site to prevent clashes. More recently, Israeli police have quietly allowed Jews to pray there.

The threat of renewed strike action at Chevron’s two huge LNG plants in Western Australia has firmed after night shift workers added their support for stoppages, accusing the US energy giant of reneging on a deal struck last month.

The author, Rupak De is Senior Technical analyst at LKP Securities Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions."Exciting news! Mint is now on WhatsApp Channels

U.S. investigators have confirmed that a mechanical issue caused the seaplane crash that killed 10 people off an island in Washington state last year

Bihar government's caste survey report to spark the the «Mandal Vs Kamandal» narrative by the opposition camp in Bihar, BJP continues to remain a strong contender for the votes of backward castes in the caste-ridden state. Following its successful show in Bihar in 2014 Lok Sabha polls, BJP has been especially focused to emerge as a strong player in the politics of backward castes in the state. With its continuous efforts to accommodate a good number of the most backward class (MBC) faces in the party's organizational structure from the booth level to the state level, the party has undergone a complete transformation in the last one decade and the party's support base is not confined only to the upper caste votes in the state. BJP's Bihar unit now has several faces from the other backward castes (OBC), and they also held important positions in the party organization. While the party appointed Samrat Choudhari, a prominent OBC face, as its state unit chief, it has given the post of leader of opposition in the state legislative council to Hari Sahni. Sahni is from and MBC caste, Nishad. Present state president Samrat Choudhari had replaced Sanjay Jaiswal who also is an OBC.

Goods and Services Tax (GST) Council on Saturday decided to slash GST on millet flour food preparations from the current 18 per cent GST to 5 per cent, reported ANI citing sources. The fitment committee of the GST Council had earlier recommended the exemption on powdered millet.

Buy or sell stocks: On account of strong global market cues, Indian stock market advanced for second straight session on Friday last week. Nifty 50 index gained 107 points and closed at 19,653 levels, BSE Sensex shot up 364 points and ended at 65,995 mark whereas Bank Nifty index finished 147 points higher at 44,360 levels.

₹70,000 crore in foreign investment, with an additional ₹25,000 crore expected soon. “The unstable and erratic tax environment will impact not only online gaming sector, but the entire start-up sector," the minister said. Last month, Mint reported that the government is in process of sending out retrospective GST claims as high as ₹1.5 trillion across the entire gaming industry, claiming real-money gaming firms to qualify under gambling.

Sanmit Infra have offered hefty returns to investors in the last 10 years, surging as much as 9,400% over the decade. Accordingly, if an investor had invested Rs 10,000 in the stock 10 years ago and stayed put, the investment would have swelled into nearly Rs 9.4 lakh, according to an analysis by ET Markets. In the last five-year period, the shares have jumped nearly 6,000% and about 1050% in the past three years. Sanmit Infra, a smallcap stock with a market cap of just over Rs 1,000 crore, is engaged in the business of distribution of petroleum in India. It is also into two other divisions — bio medical and infrastructure. It has an EPS of 0.30 on a trailing twelve month (TTM) basis and the stock is currently trading at a PB of 39.11. According to the latest shareholding pattern available with the exchanges, promoters own a majority of the stake at 72.33%, while the rest of 28% lies with public shareholders. Among public shareholders, mutual funds and foreign investors have no stake.

₹7.05 apiece levels at the end of March 2023 and since then Suzlon share price has been skyrocketing. In last six months, this penny stock has tunred one of the multibagger stocks of Dalal Street that Indian stock market has delivered in FY24.

We all know that bulls make money and pigs get slaughtered. But bears make money too. The question often faced by financial advisors is whether they should join them.

The U.S. Department of Labor is poised to issue a rule in coming weeks that's likely to raise protections for investors who roll money from a 401(k) plan into an individual retirement account, according to attorneys who specialize in retirement law.

Supreme Court said on Friday it will constitute a seven-judge bench to consider the issue of validity of passage of laws like the Aadhaar Act as Money Bill. The decision is aimed at addressing the controversy around money bills after the government introduced legislations like Aadhaar Bill and even amendments to the Prevention of Money Laundering Act (PMLA) as money bills, apparently to circumvent the Rajya Sabha where it did not have majority.

Relative Strength Index (RSI), a valuable indicator that helps assess the strength and potential direction of a stock's price movement. On October 5, Thursday, StockEdge identified four stocks that were in the overbought zone but exhibited bearish or declining RSI trends. Today, we'll delve into the significance of RSI and explore these four stocks that warrant attention. The Relative Strength Index, commonly known as RSI, is a momentum oscillator that measures the speed and change of price movements.

Karnataka Chief Minister Siddaramaiah on Friday said his government will not be opening more liquor shops in the state. «No we are not opening...who said we are opening? Minister has said we will think about it, but we will not open,» he said in response to a question. The Karnataka Excise Department has submitted a proposal to the government recommending setting up of liquor shops in gram panchayats with a population of over 3,000.

Jonjua Overseas, Advance Lifestyles and RMC Switchgear — will trade ex-bonus next week. These three stocks have delivered multibagger returns to investors so far this year. Jonjua Overseas had earlier announced a bonus issue in the proportion of 9:50, which means for every 50 shares investors hold, they will be credited 9 additional shares. The Board of the company has fixed October 10 as the record date for the proposed bonus issue and the stock will go ex-bonus on the same date. A company issues bonus shares for their shareholders in order to increase the liquidity of the stock as well as with the aim to decrease its stock price to make it affordable for investors. Bonus shares are fully paid additional shares issued by a company to its existing shareholders.

By Lewis Jackson