SUN Financial News

This article is part of our Summer reads series. Visit the full collection for book lists, guest essays and more seasonal distractions. Spain is visited by millions of English-speaking tourists every year, drawn by sun, sand, sangría and in some cases culture.

Relative Strength Index (RSI) is an important right tool to analyse market trends and make informed investment decisions. On July 13, StockEdge reported that over 30 stocks were trading in the overbought zone but witnessed a bearish or declining RSI trend. From this group, ETMarkets has identified 10 stocks that are currently trading in the overbought zone.

Natco Pharma(up 3.19 per cent), Gland Pharma(up 2.33 per cent), Aurobindo Pharma(up 2.08 per cent), Glenmark Pharmaceuticals(up 1.84 per cent) and Biocon(up 1.07 per cent) were among the top gainers. Abbott India(down 0.7 per cent), Sun Pharmaceutical Industries(down 0.49 per cent), Glaxosmithkline Pharmaceuticals(down 0.34 per cent), Dr Reddys Laboratories(down 0.29 per cent) and Alkem Laboratories(down 0.23 per cent) were the top losers on the index.

US Federal Reserve could pause rate hikes this month, Indian equity indices opened higher on Friday after hitting record highs in the previous session, led by IT, banking, and financial stocks. The BSE Sensex was trading 304 points or 0.46% higher at 65,862, while Nifty50 was trading at 19,503, up 90 points or 0.46% at around 9.17 am.

Netflix has been pushing several original movies to the platform lately, and it’s safe to say that this year has been a busy Netflix calendar. In case you missed any movie on Netflix released thus far, no issues, just go through this list and high chances you will find it along with release date.

A decision by Grok Ventures, the private investment vehicle operated by Atlassian billionaire Mike Cannon-Brookes, to stop investing in listed equities has set loose a chunky block trade at Tyro Payments.

London police say there's no evidence that a BBC news anchor who allegedly paid a teenager for sexually explicit photos committed a crime

IPO Subscription Status: The initial public offering (IPO) of Utkarsh Small Finance Bank Ltd was subscribed 10.67 times on Day 2 so far. The public issue that opens for subscription on Wednesday, July 12, ends on Friday, July 14. Retail investors responded enthusiastically to the issue on the second day of the subscription as well.

Reliance Industries, has maintained his position as India's wealthiest individual, boasting a net worth of an impressive approximately ₹7.5 lakh crore ($90.6 billion) as of July 4, 2023. Ambani's ascent began eight years ago when Reliance Retail emerged as India's leading revenue-generating retailer, catapulting his net worth to $21.1 billion in 2014.

Transformers and Rectifiers(India)(up 8.32%), DPSC(up 2.09%), RTNPOWER(up 2.06%), Inox wind(up 1.65%), KEC International(up 1.47%), Power & Instrumentation(Gujarat)(up 1.43%), KPI Green Energy(up 1.37%), Karma Energy(up 1.21%), Energy Development Company(up 1.15%) and Alstom T&D India(up 0.98%) were among the top gainers. Power Grid Corporation of India(down 2.02%), Torrent Power(down 1.29%), Voltamp Transformers(down 1.11%), Reliance Power(down 0.94%), JSW Energy(down 0.83%), Jyoti Structures(down 0.57%), NHPC(down 0.53%), NLC India(down 0.48%), NTPC(down 0.21%) and SJVN(down 0.21%) were among the top losers.

Bloomberg reports.  In an official statement, Edwards’ wife Vicky Flind informed that he suffers from “serious mental health issues" that have been worsened by the controversy. "He’s receiving care in the hospital, where he’ll stay for the foreseeable future" Last week, The Sun newspaper reported that an unidentified BBC presenter had paid £35,000 ($45,000) for sexually explicit images over a three-year period.

«I think the current markets FII flows have been quite strong in the last couple of months and in the month of June itself you saw close to $5 billion come into the Indian markets,» says Mithun Aswath, Kivah Advisors.First of all, how are you really approaching the investing landscape right now with the big rally under the belt but then macros and liquidity kind of supportive at the same time? How are you balancing things? I think the current markets FII flows have been quite strong in the last couple of months and in the month of June itself you saw close to $5 billion come into the Indian markets. Despite that the recent up move we do still see opportunities both in select large caps as well as in the mid and small cap space.

China's ambassador to the United States held a rare meeting at the Pentagon on Wednesday with the top US defence official for Asia, the Pentagon said, in talks that followed US criticism of Chinese reluctance to engage in military communications. A brief Pentagon statement said Chinese Ambassador Xie Feng discussed defence relations and "a range of international and regional security issues" in talks with Ely Ratner, a US assistant secretary of defence.

Webb Space Telescope, an extraordinary observatory that has been in the hands of astronomers for a year now. To commemorate this occasion, NASA has released a spectacular new image of the Rho Ophiuchi cloud complex. Located just 400 light-years away, Rho Ophiuchi is the closest star-forming region to us.

₹500 crore from its promoter Ajay Singh, offering a lifeline to the financially-beleaguered budget airline. Singh will infuse the funds by subscribing to fresh equity shares and/or convertible instruments. The decision was made at SpiceJet’s board meeting on Wednesday to consider various options to raise funds either by selling shares or convertible securities on a preferential basis or both.

The Associated Press. “I like to remind people that when this light left, it was roughly 1633.

The June that just ended was the Earth’s hottest recorded—ever. And the first week of July saw the trend continue. Surging summer temperatures made me wonder: Just how much heat can the human body stand? Deaths from heat are common, and as the world heats up, may become more so if we don’t develop a plan for extreme heat days, like the kind of warning system that comes before a major storm.

Danny Dyer returns to the small screen in the thrilling series «Heat,» set to premiere on Channel 5 this week. The show, set in Australia, delves into the web of secrets and lies that unravel as two families gather for their annual summer vacation. Following his nine-year stint as pub landlord Mick Carter in «Eastenders,» Dyer was eager to take on a new challenge. The actor expressed his enthusiasm for working under the Australian sun, marking a departure from the gloomy streets of Walford. Dyer wasted no time, jetting off to the other side of the world after filming his final scene on the iconic soap.

Under the prevailing caution ahead of key corporate earnings, the 30-share BSE benchmark Sensex declined 224 points or 0.34% to settle at 65,393. The NSE Nifty dropped 55 points or 0.28% to end at 19,384.

Nifty 50 settled at 19,384.30 lower by 55.10 points or 0.28%. Talking about the current market performance, Vinod Nair, Head of Research at Geojit Financial Services, said, "The range-bound movement in the Indian indices was influenced by the likelihood of subdued IT earnings. While optimism about moderation in US inflation supported the broad index." Further, Nair added, "An uptick in domestic food inflation on the back of higher mandi prices trending above MSP and muted Kharif sowing forced the investors to be cautious.

Shares of Lupin(up 2.88 per cent), Biocon(up 1.95 per cent), Zydus Lifesciences(up 1.46 per cent), Glenmark Pharmaceuticals(up 0.9 per cent) and Sun Pharmaceutical Industries(up 0.61 per cent) ended the day as top gainers in the pack. On the other hand, Laurus(down 1.14 per cent), Gland Pharma(down 1.05 per cent), Torrent Pharmaceuticals(down 0.6 per cent), Cipla(down 0.54 per cent) and Abbott India(down 0.54 per cent) finished as the top losers of the day.