Security Financial News

Siemens Ltd. gained 3.15 per cent to Rs 6289.8 in Wednesday's trade. It hit a high of Rs 6329.0 and low of Rs 6029.15 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 4175.42, while the 50-DMA was at Rs 5246.41. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Demat account: How to pledge shares? Here's a step-by-step guide Typically, only shares of listed companies qualify for a loan, and they must not be entities that have been banned or delisted from stock exchanges. The same principle applies to mutual fund units. You have the option to pledge either a portion or the entirety of your securities, depending on the amount needed.

MBOSE Meghalaya 12th Result 2024: In a sigh of relief for several students, the Meghalaya Board of School Education (MBOSE) on Wednesday declared the results of the Higher Secondary School Leaving Certificate (HSSLC) examinations. The board declared the results for Science and Commerce streams, along with vocational courses. The Science stream recorded 85.24% pass percentage.

Mint analysis of these firms—Tata Consultancy Services (TCS), Infosys, HCL Technologies, Wipro and Tech Mahindra—revealed that revenue from the communications and media vertical was down nearly 3% from $8.49 billion in FY23 to $8.25 billion in FY24. Tech Mahindra was almost single-handedly responsible for this decline, having lost $320 million or 12.1% in annual revenue from telecom clients in FY24. A consensus of three analysts compiled by Mint projected a further downside of 3-5% in telecom revenue for the industry’s top five firms in FY25.

Amkay Products debuts with 90% premium on BSE SME platform The shares of Amkay Products listed on the BSE SME platform with a premium of 90% on Wednesday. The stock debuted at Rs 104.5 as against an issue price of Rs 49.5.

West Bengal Council of Higher Secondary Education (WBCHSE) will announce the West Bengal HS Class 12 Result 2024 today, May 8th, at 1 PM. Once released, students can check their scores online on the board's official website — wbresults.nic.in or wbchse.wb.gov.in. In the previous academic year, the WBCHSE declared the Class 12 results on May 24, 2023. Among the results, 2,73,580 students secured over 60% marks, with 52,878 students surpassing the 80% mark threshold. Additionally, the list of toppers, comprising students who clinched the top 10 ranks, included a total of 87 students.

AAP) in Punjab, former Amritsar Deputy Mayor, Avinash Jolly resigned from the party and joined the BJP in Amritsar on Tuesday amid ongoing Lok Sabha elections. In a post on X, BJP National Secretary Narinder Singh wrote, «Avinash Jolly, former deputy mayor (Amritsar) along with hundreds of supporters joined BJP at Amritsar, Punjab.» In Punjab, voting for its 13 seats will take place in a single phase, the seventh and final phase on June 1 will see voting in Gurudaspur, Amritsar, Khadoor Sahib, Jalandhar, Hoshiarpur, Nandpur Sahib, Ludhiana, Fatehgarh Sahib, Faridkot, Firozpur, Bathinda, Sangrur, and Patiala constituencies.

IPO of Aadhar Housing Finance opened for subscription today. Ahead of the issue opening, the company raised Rs 897 crore from anchor investors. The IPO comprises a combination of a fresh issue of shares worth Rs 1,000 crore and an offer-for-sale (OFS) of shares worth Rs 2,000 crore by promoter BCP Topco.

TBO Tek IPO opens today: General Atlantic-backed initial public offering (IPO) of TBO Tek Limited has hit the Indian primary market today. The public issue worth ₹1,550.81 crore will remain open till 10th May 2024. This means that mainboard IPO will remain open from Wednesday to Friday this week.

Canadian territory. He also emphasized that the fate of India will be determined by Indians themselves, not by foreigners. Addressing an event in Montreal on Tuesday, the Indian High Commissioner said, “Discussions are taking places at government level on both sides through diplomatic channels.

₹300 to ₹315 per share. Aadhar Housing Finance IPO raised ₹898 crore from anchor investors on Tuesday, May 7. Bids can be placed for multiples of 47 shares, with a minimum bid of 47.

Mahindra Financial Services Ltd. is Rs 256.8. Mahindra & Mahindra Financial Services Ltd., incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 31753.12 Crore) operating in NBFC sector.

FTX will have between $14.5 billion to $16.3 billion to pay its creditors and customers, according to an amended reorganization plan filed by the company on Tuesday in a U.S. bankruptcy court. FTX said it has anticipated the figure based on monetizing assets, most of which were investments owned by Alameda Research, a crypto-focused hedge fund controlled Sam Bankman-Fried, FTX Ventures businesses, and litigation claims.

“In the next bull run, I guess that NBFCs might perform well. Fundamentally, upside potential is a minimum of 15% to 20% in most of the NBFCs,” says Shrikant Chauhan, Head of Equity Research, Kotak Securities. In an interview with ETMarkets, Chauhan said: “If the interest rate cycle starts turning downward in the 2nd quarter of FY2024 then there could be a specific buying interest in the sector,”. Edited Excerpts: Markets have started picking momentum after the initial fall despite geopolitical concerns. What is your take on markets? Shrikant Chauhan: Post some dip in March 2024, the equity markets have regained momentum. India’s macro-economic data points like GST collections and manufacturing & services PMI have been healthy.

International Cricket Council has secured a five-year contract with Sky for the New Zealand market, covering all ICC men's and women's events until the end of 2028. Under the new partnership, Sky will broadcast 16 international events, including the ICC Men’s and Women’s Cricket World Cups, the ICC Men’s and Women’s T20 World Cups, the ICC Champions Trophies, the World Test Championship Finals, and the U19 World Cups. The first of these exciting events commences in June with the ICC Men’s T20 World Cup 2024, hosted in the USA and the West Indies. This will be followed by the ICC Women’s T20 World Cup in Bangladesh in October and extend through to the ICC Men’s T20 World Cup 2028 in Australia and New Zealand.

Ashwin Ramaswami, the first Gen Z Indian-American running for a US State legislature, has raised over USD 280,000, which is considered to be a substantial figure at the state level. Ramaswami, 24, has outraised his incumbent opponent Shawn Still by 22 times in the latest filing period from Feb 1 to April 30. While Ramaswami raised over USD 146,000, his opponent raised only USD 6,400. The two are running for the State Senate in the District 48 of Georgia. According to the latest public campaign finance report, Ramaswami has raised a total of over USD 280,000 and has USD 208,000 cash on hand, his campaign said.

The dematerialisation of shares has revolutionised the way investors participate in the stock market, streamlining the process and making it more accessible. A key element of this transformation is the demat account, which allows for the electronic holding and trading of securities. While individual investors are well-versed with the concept of demat accounts, one of the questions is: Can trusts open a demat account in India?

Margin Trading Facility (MTF) is a service provided by select brokers in India that allows investors to purchase securities by paying only a portion of the total transaction value, known as the margin. This margin can be paid either in cash or through shares held as collateral.

TAIPEI: Taiwan's military is prepared for any moves China may make around the time President-elect Lai Ching-te takes office later this month, the island's deputy defence minister said on Wednesday. China, which views democratically governed Taiwan as its own territory, has a strong dislike of Lai, believing him to be a dangerous separatist, whose repeated offers of talks it has rejected, including one this month. Lai, like current President Tsai Ing-wen, rejects Beijing's sovereignty claims; both say only the island's people can decide their future. Lai, now vice president, will be inaugurated on May 20.

Canada, Sanjay Kumar Verma has described the relationship between the two countries as having «decade-old issues» that have resurfaced, with unfortunate crimes, and threats emanating from the land of Canada. Speaking at an event in Montreal on Tuesday, the Indian envoy said that «Indians will decide what will happen to India» and not the foreigners. «A lot of discussions at the government level, both sides, is happening and through the diplomatic channels. These channels are not open to the public and they are trying to find solutions and resolutions to the issues of concern on both sides. And the way in which it is moving, I think it will come to both sides to see the virtue of resolving the issues, satisfying the concerns of both sides. My concern is national security, and threats emanating from the land of Canada, these threats are largely emanating from the Canadian citizens...we are ready to sit down on the table any day, and we are doing that. And, we are trying to resolve this issue,» Verma told the Montreal Council on Foreign Relations.

Stock market today: After showing a sideways movement (a term used to describe a market that is neither trending up nor down) with a weak bias (a slight inclination towards a particular direction) on Monday, the Indian stock market slipped into the weakness zone (a period of declining prices) with range-bound action (a situation where the price of a security trades in a narrow band) and ended lower on Tuesday. The Nifty 50 index dipped 140 points and closed at the 22,302 mark, the BSE Sensex corrected 383 points and closed at the 73,511 level, while the Bank Nifty index lost 609 points and finished at the 48,285 mark.