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HDFC Asset Management Company Ltd. 0.08 per cent to Rs 4424.95 at 12:32PM hours (IST) on Wednesday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 4,127 shares with a turnover of Rs 1.81 crore till 12:32PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 42.73, while the price-to-book value ratio stood at 11.32.

Adani Power Ltd. traded 0.56 per cent at Rs 595.15 at 10:30AM (IST) on Wednesday, even as BSE benchmark Sensex 244.17 points to 80124.86. The stock had closed at Rs 591.80 in the previous session. The stock quoted a 52-week high price of Rs 896.75 and 52-week low of Rs 345.20, respectively. As per BSE data, total traded volume on the counter till 10:30AM (IST) stood at 64300 shares with a turnover of Rs 3.81 crore.

The funding will come from the European Innovation Council (EIC), which is part of the EU's research and innovation programme, and it represents an increase of nearly 200 million euros in terms of investment compared to 2024. European politicians have targeted tech and the fast-growing artificial intelligence (AI) sector as one of their key priorities in terms of boosting the region's sluggish economy.

Subscribe to enjoy similar stories. I spent the past few days in the hills, celebrating a milestone birthday of my uncle. The three days I spent with family was nourishing and fun.

Sensex and Nifty50, opened in the red on Wednesday, dragged down by banking and financial stocks amid persistent foreign selling and weak corporate earnings. The BSE Sensex was trading 331 points, or 0.41%, lower at 80,042. The Nifty50 was down 111 points, or 0.46%, trading at 24,355 around 9:17 am.

Bank shares jumped on Tuesday, emerging as the top gainers in the day's trading, as investors lapped up shares of some larger lenders amid uncertainty over near-term market prospects. The Nifty Bank index advanced 2.1% on Tuesday, while the benchmark Nifty gained 0.5%. Ten of the 12 stocks on the Nifty Bank index gained at close on Tuesday. Federal Bank was the biggest gainer, soaring 8.5% after its second-quarter results exceeded expectations. SBI was up 5% and ICICI Bank gained 3%.

Dalal Street presented a study in sharp contrasts — and lofty records. First, foreign investors pulled Rs 1 lakh crore out of Indian equities in October, beating the record in the Covid-ravaged March of 2020 with consummate ease. Yet, the fall in equity gauges was nowhere as devastating as in that month, with domestic funds more than matching the sales momentum through record purchases. In the bargain, domestic institutional investors (DII) may have, for the first time this millennium, pulled ahead of overseas funds in owning locally listed firms — another record that points to the shifting centre of gravity in the ownership of Indian risk assets. To be sure, detailed ownership data for October-December will be published in January. Yet, by September end itself, the ownership gap between foreign institutional investors (FII) and DIIs had narrowed to a record low of 109 bps, underscoring the growing influence of domestic capital in Indian equities. “There has been a dramatic shift in ownership in Indian capital markets over past few quarters, with local investors taking the lead and FIIs losing influence,” said Pranav Haldea, MD, Prime Database Group.

American consumers are feeling quite a bit more confident this month as Election Day approaches, a business research group says

ByteDance founder Zhang Yiming tops the list of China’s richest people, according to the Hurun Research Institute, although many of them have seen their net worth plunge over the past year

Centre of Excellence in Ayurveda for Diabetes and Metabolic Disorders at the Indian Institute of Science (IISc). The launch coincides with the ninth National Ayurveda Day, celebrated on 29 October, which this year carried the theme “Ayurveda Innovations for Global Health.” This year's theme emphasised the importance of integrating Ayurveda with modern science to address critical health issues like diabetes, IISc said in a media statement. One of the key highlights of National Ayurveda Day 2024 is the launch of six new Centres of Excellence in Ayurveda across India. These centres, established under the "Ayurswasthya Yojna" programme, will be led by institutions like IISc, IIT Delhi, Jawaharlal Nehru University Delhi, CSIR-Central Drug Research Institute, Lucknow, and so on. Backed by a grant of Rs 52.47 crore, these centres will spearhead cutting-edge research, education, and healthcare innovation in the field of Ayurveda, by providing scientific underpinning for traditional knowledge, the statement added.

Subscribe to enjoy similar stories. Pfizer punched back against activist investor Starboard Value on Tuesday, delivering positive quarterly results. The pharmaceutical company raised its revenue outlook for the year to between $61 billion to $64 billion, up from $59.5 billion to $62.5 billion previously.

IndiGo hit an all-time high of Rs 5,033 in the month of September, from where it started its falling spree and corrected by 25%. After a long time, the stock is currently placed below its 200-day exponential moving average (DEMA), with the stock oscillating in the oversold territory on the relative strength indicator (RSI).

Mazagon Dock Shipbuilders and CRISIL among 4 companies are likely to remain in focus today as they had announced October 30 as the record date for the purpose of determining eligibility for their announced dividends. This means today is the last day to buy the shares of these companies in order to be eligible for the dividends announced.

Jash Engineering, Kck Industries and Master Trust will likely remain in focus in today’s session as these companies have fixed October 30 as the record date for the purpose of their respective stock splits. This means today is the last day to buy the shares of these companies in order to be eligible for the stock splits.

Maruti, Adani Enterprises, Adani Ports, Airtel, Tata Power, HDFC Bank among others will be in focus due to various news developments and second quarter results. Maruti, Adani Enterprises, Adani Ports, Cipla, Canara Bank, SBI Cards, Hudco Shares of Maruti, Adani Enterprises, Adani Ports, Cipla, Canara Bank, SBI Cards and Hudco will be in focus as the companies will announce their second quarter results today.

«We expect the truncated week to remain sideways amid a mixed Q2 season, monthly FNO expiry and continued selling by FIIs. Key results to watch out for tomorrow will be Maruti Suzuki, Adani Enterprise, Adani Ports, and Cipla amongst others,» said Siddhartha Khemka, Head — Research, Wealth Management, Motilal Oswal.

Mumbai: Spreads in the bond market have tightened significantly, with AAA-rated companies raising funds at some of the lowest rates seen in recent years, underscoring the demand for quality debt issues in an environment where yields are expected to soften after the latest change in the RBI’s monetary policy stance. Yields on a 10-year AAA corporate bond are now below 7.20%, while the 10-year government security (G-sec) yields 6.82% on a semi-annual basis, or 6.94% annualised.

vehicle demand. The Nifty Auto index has declined over 11% in the past month as against the 5.7% decline in the benchmark Nifty. Analysts said the Auto index could drop at least 10-15% from the current levels. «Post-Covid, auto shares have experienced a bull run, and despite some adjustments over the past six months, valuations remain stretched,» said Krishna Appala, senior research analyst, Capitalmind Research. «If earnings growth doesn't hold up, corrections of around 10-15% are likely, as share prices have already surged over the last three years.»

In the last year, job scams have been on the rise, according to the Identity Theft Resource Center, a nonprofit that helps consumers with identity compromises and crime

Gillette India Ltd on Monday reported a 43.5 per cent rise in profit to Rs 133.01 crore for the quarter ended September 2024, led by a broad-based growth. The company, which follows the July-June financial year, had reported a profit of Rs 92.69 crore in the corresponding quarter of the preceding year, according to a BSE filing from Gillette India. Its revenue from operations increased 17.11 per cent to Rs 781.82 crore during the July-September quarter. It was at Rs 667.55 crore in the corresponding period a year ago.

Apple has opened up its private cloud compute to researchers, offering up to $1 million to anyone who finds a hole in the secure cloud platform that supports its Apple Intelligence features. Put in simple, the company has expanded its bug bounty program. It will offer upto Rs 8 crore to anyone who can hack its new fleet of AI-focused servers meant for Apple Intelligence. According to a report in Zdnet, Apple recently unveiled a challenge to test the security of the servers that will play a major role in its Apple intelligence services. ALSO READ: Digital condom: German company launches Camdom app. Know how it works