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Kalyan Jewellers jumped 5.4% to ₹447 apiece in today's early morning trade, while those of Senco Gold gained 2.6% to ₹1,055 apiece after domestic brokerage firm Motilal Oswal initiated coverage on these stocks with a 'buy' rating. The brokerage set a target price of ₹525 for Kalyan Jewellers and ₹1,300 for Senco Gold.

IndusInd Bank, Kotak Mahindra Bank, ICICI Bank, Axis Bank and HDFC Bank led the gains among the Bank Nifty constituents as these stocks rallied up to 1-2%. All other banking stocks in the index were trading in the green.Also Read: Frog, Pig, Vulture, or Ape: Which type of investor are you in the market jungle?Bank Nifty has gradually picked up strength and as a decisive breach above 51,000 is confirmed, analysts believe this shall further strengthen the bias for next targets of 52,400 and 53,500 levels in the coming days with support maintained near 49,600 zone.

Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — June 19All these stocks rallied up to 11% on Tuesday, hitting their respective 52-week highs. RCF share price jumped over 11%, while National Fertilisers shares rallied over 9% and Chambal Fertilisers shares surged more than 8%.Here are the technical stocks picks in the fertiliser sector:Chambal Fertilisers & Chemicals | Buy | TP: ₹765In the past, Chambal Fertilizer has doubled within 16-18 months of breaking above the 52-week highs.

₹310- ₹341 per share. The sale, which is slated to open on Wednesday, is managed by Morgan Stanley, BofA Securities, Jefferies, and BNP Paribas.Sensex Today Live : Indian benchmark indices opened in the green on Wednesday, led by another record breaking session on the Wall Street on Tuesday that was driven primarily by a rally in AI-focussed chipmaker stocks and a colder US retail sales data that was fuelling anticipation of interest rate cuts by the US Federal Reserve in September this year.At opening bell, Sensex was up 117.22 points, or 0.15%, at 77,418.36 and Nifty was up 71.95 points, or 0.31%, at 23,629.85.Sensex Today Live : "Higher highs and higher lows are clear indicators of a strong bull rally.

Stock market today: Following strong global cues, the Indian stock market ended higher for the fourth straight session on Tuesday. The Nifty 50 index went up 92 points and closed at 23,557, while the BSE Sensex shot up 308 points and finished at 77,301.

Simplilearn is aiming for revenue growth of 35-40% in fiscal 2025, cofounder and chief operating officer Kashyap Dalal said. The Bengaluru and San Francisco-based company posted “roughly flat” revenue in fiscal 2024 and became profitable in the final quarter of the financial year, Dalal told ET, without giving details. It has yet to report the FY24 financial results.

Consumer protection agency Consumers’ Research targeted Tether in a June 18 ad campaign that dubs the yet-to-be-audited blockchain platform “the next FTX.”

CleanSpark Inc., a prominent player in the Bitcoin mining industry, took a major step in its expansion strategy by acquiring five new turnkey Bitcoin mining facilities in rural Georgia. The $25.8 million cash deal will enhance CleanSpark’s infrastructure, adding 60 megawatts (MW) of capacity and increasing the company’s operating hashrate.

hydroelectricity production in recent times may further coal usage to meet its rising power demand in the coming months, S&P Global Commodity Insights said on Tuesday. It is also likely to keep the coal import window open for the country. This is despite an increase in coal production, which touched the 1-billion-tonne mark in FY24, which was in line with the government's target of reducing the country's dependence on coal imports, it said. Depleting hydroelectricity generation in the backdrop of irregular rainfall last year has led to a lower water level available in the country's primary reservoirs which could further reduce generation during the summer, it said. India has imported around 85 million tonnes of thermal coal so far in 2024, S&P Global Commodities at Sea data showed.

Leading bankers had flagged the issue in a meeting with officials last month, they said. «We have discussed the issue internally… It was highlighted that one big issue is that ATM vendors do not have the capacity,» said a senior bank executive, adding that accordingly, representations were made both to the government and the RBI. Industry insiders said the initial reason for low capacity is connected to the 'Make in India' guidelines, which were implemented in FY20, and it took time for vendors to set up Indian operations. The Indian ATM market is projected to grow at a CAGR of 9.2% between 2024 and 2032. A second bank executive said another constraint that state-run lenders face is mandatory purchase through the GeM portal.

Fitch Ratings has raised India's growth forecast for FY25 to 7.2% from 7% earlier, on the back of elevated consumer confidence that is expected to drive spending and increased investments, but cautioned that the ongoing heatwave was a risk to both growth and inflation. In its Global Economic Outlook (GEO) released Monday, it raised its forecast for world growth in 2024 to 2.6% from 2.4% estimated earlier. India's economy grew 8.2% in FY24. «We expect the Indian economy to expand by a strong 7.2% in FY25 (an upward revision of 0.2pp from the March GEO),» Fitch Ratings said, adding that investment will continue to rise but more slowly than in recent quarters, while consumer spending will recover with elevated consumer confidence. Purchasing managers survey data point to continued growth at the start of the current financial year. Earlier this month, RBI had revised upwards the country's GDP forecast by 20bps to 7.2%. As per the report, signs of the coming monsoon season being more normal should support growth and make inflation less volatile, though a recent heatwave poses a risk. «We expect growth in later years to slow and approach our medium-term trend estimate,» it said.

The Cryptocurrency market is maturing. Demand for Bitcoin is growing due to the launch of ETFs and interest in the coin as a hedge against inflation and as a way to opt out of the current highly controlled and centralised monetary system. Ethereum is right behind BTC, with its network and use-cases growing by the day. Many other altcoins are also showing incredible promise in the realm of AI, decentralised data, GameFi, and much more.

BJP and RSS members blaming the alliance with Ajit Pawar-led NCP for NDA's dismal performance in the Lok Sabha polls, NCP has now openly criticised BJP for putting the blame on its leader and has even warned that the party would be forced to take a «different stand» on the alliance if the targeting continued. «We have come to know that BJP MLAs have blamed Ajit Pawar for the loss. I have to tell these people, if someone is deliberately targeting Ajit Pawar, then we would also have to think about taking a different stand,» warned Amol Mitkari, an NCP leader. Mitkari was reacting to claims that BJP MLAs in a review meeting have blamed BJP joining hands with Ajit for the party's election performance. Other NCP leaders blamed BJP's leaders' utterances for the party's dismal show in the state. «What has happened with the Sangh is their own issue. There has been no loss (to BJP) because of Ajit Pawar. Instead the anger against BJP might have hurt us… BJP leaders kept talking about '400 paar' and about the constitution being changed… There is a large group of backward and OBC communities that follow Ajit Pawar and we tried our best to remedy the situation but BJP has some leaders who talk as they feel like and that's why we suffered this loss,» said Rupali Patil, NCP leader from Pune.

Consumers barely increased spending in May from April as still high inflation and high interest rates curbed spending

In its annual results published today (18 June), Tatton's AUM reached £17.6bn in the year to 31 March 2024, marking a 26.9% increase from the previous year and surpassing the £13.9bn recorded in 2023. According to Tatton, the company exceeded its three-year «Roadmap to Growth» strategy, which set a target of £15.0bn AUM/AUI by 31 March 2024. Tatton assets jump nearly 8% on the back of £900m inflows In addition, the group's revenue rose 13.9% to £36.8m, while adjusted operating profit was up 12.9%, reaching £18.5m. Similarly, organic net inflows were £2.3bn, compared to £1.8bn in 20...

₹7,938 per sq. ft. in the March quarter (Q4FY24), marking a multi-year high with an 8% year-on-year and 4% sequential increase, according to data from PropEquity and Kotak Institutional Equities.

Also Read: Defence stocks surge up to 20% with Paras Defence, HAL, Garden Reach Shipbuilders, Mazagon Dock at record highsWith political stability and consistent policy frameworks in place over the last decade, India has emerged as a favored investment destination for global funds, despite its relatively high valuations. During this period, the Nifty 50 index has surged by over 210%.Prime Minister Modi’s ambition of making India a developed country by 2047 should continue focusing on infrastructure, Make in India, energy self-reliance, defence, etc.

Vedanta Ltd share price has risen 76% year-to-date. The rising base metal prices as that of Aluminium Zinc and others have led to improved revenue visibility for the Vedanta Ltd. The Aluminium on the London metal Exchange that were close to $2150 a tone in mid January are now trading at close to $2500 a tonne.

The Fairshake group, a political action committee (PAC) backed by prominent crypto firms Ripple and Coinbase, has allocated over $2 million towards opposing the incumbent candidate in the Democratic primary for New York’s 16th Congressional District.

Also Read: Stocks to buy: 8 stocks that may rise 4-16% in the next 3-4 weeks, say analystsHere are the two technical stock picks:After peaking near ₹137 on May 22, 2024, Ratnaveer Precision Engineering shares experienced a significant downturn, declining approximately 30 points, or about 22%. However, in the following two trading sessions, Ratnaveer Precision shares showed some cool off.From a technical standpoint, the daily stochastics indicated a bullish divergence along with 1:1 leg, suggesting a potential shift in momentum and presenting an attractive buying opportunity, said brokerage firm Anand Rathi.Also Read: Stocks in focus: Ruchit Jain of 5paisa recommends buying these two stocksConsequently, it advises traders to consider buying Ratnaveer Precision shares within the ₹121-125 range, targeting an upside of ₹141, with a stop-loss set at ₹114 based on the daily closing price, and a timeframe of one month.Ratnaveer Precision stock is Anand Rathi’s pick for the month and the target price implies an upside potential of 14% from Friday’s closing price.KRBL shares have witnessed decent erosion from the peak of ₹480 to show signs of bottoming out around ₹270 levels and have formed a good base at these levels.

The Chinese government is taking aim at European farmers instead of German automakers by launching an investigation into European Union pork imports