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Software giant Oracle reports quarterly results Tuesday

A Zambian court has sentenced 22 Chinese nationals to long prison terms for cybercrimes that included internet fraud and online scams targeting Zambians and people from Singapore, Peru and the United Arab Emirates

After more than three decades on Wall Street — first at Goldman Sachs Group Inc. and then at Bank of America Corp. — Tom Montag thought he’d seen most forms of financial wizardry. Then Hank Paulson asked him to tackle carbon offsets.

Whether it’s another move up or a dive down, traders are bracing for added volatility wrought by Wednesday’s dual macroeconomic catalysts: a report on consumer prices in the morning and the Federal Reserve’s rate decision in the afternoon.

Cross Light Capital, a local fund management company, has joined forces with Affin Bank to launch Malaysia’s first digital asset fund.

election outcome, a rally in consumer stocks was seen, which is mainly attributed to portfolio allocation. We believe this rally in staple stocks is driven by not only its ‘defensive sector’ tag but also the underlying excitement, which was triggered by strong post-Q4 management commentary.

Read here: Stocks to buy: Top four stock picks by Kotak Equities for JuneThis is because the favourable result of the Modi-led NDA forming the government for the third straight term will lead investors to think for the next 5 years and leave aside near-term over-valuations.However, in the latter part of June, the brokerage believes the focus will shift to the Budget wherein the government has received a bonus from RBI in the form of a Dividend of ₹2,11,000 crore which will support the budget for higher capital spending and lowering the fiscal deficit."We may see some softness in the market towards the later part of June month as the market will start factoring in June quarter results. The June quarter results are likely to be soft on account of slowdown in activity due to election and extreme heat waves," it said.Read here: Paytm share price gains over 8.5% to cross ₹400 mark after 8 weeksMoreover, it added that with sticky inflation the rate cut cycle got postponed from June to November in the US but corporate results for the March quarter were strong and ahead of expectations, that supported the market and took it to a newer high.

Shares of Mahanagr Gas (MGL) rose 6.5% to an intraday high after the company’s management stood confident on its FY25 guidance of 6-7% year-on-year growth. 

Also Read: Stock market today: Sensex, Nifty 50 hit record high after PM Narendra Modi takes oath as PMThe brokerage firm expects earnings of the Nifty-50 Index to grow 10% in FY25E and 14% in FY26E (FY24 growth was 20%). OMCs alone contributed 29% of the incremental profits of FY24. In FY25E, it expects banks, diversified financials, IT services and metals & mining to provide bulk of the incremental profits for the Nifty-50 Index.

With the ‘Virtual Asset User Protection Act‘ set to take effect on July 19, the Financial Services Commission (FSC) has issued new guidelines detailing when non-fungible tokens (NFTs) should be considered virtual assets.

Mahanagar Gas with a target price of Rs 1565. The current market price of Mahanagar Gas Ltd. is Rs 1435.55. Mahanagar Gas Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 13641.71 Crore) operating in Gas & Petroleum sector.

Ceat with a target price of Rs 2930. The current market price of Ceat Ltd. is Rs 2543.15. Ceat Ltd., incorporated in the year 1958, is a Mid Cap company (having a market cap of Rs 9934.74 Crore) operating in Tyres sector.

Indian Army launched a search operation in Jammu and Kashmir's Reasi on Monday morning following the attack on a bus coming from Shiv Khori, in which ten pilgrims were killed on Sunday evening.

U.S. Treasury yields after strong economic data weighed on bets of rate cuts in world's largest economy. India's benchmark 10-year yield is likely to move in a 7.01%-7.06% range on Monday, following its previous close of 7.0168%, a trader with a state-run bank said. The yield posted a weekly rise last week, after easing for six.

technical charts and options data hint at a bullish setup. According to technical analysts, Nifty is expected to continue its upward trajectory towards 23,560, followed by 23,890, with immediate support at 23,000. Analysts suggest Tata Motors, UltraTech Cement, Sun Pharma, McDowell, UBL, ITC, Marico, HUL, Tata Consumer, and Lupin for short-term trading.

euro fell on Monday as the French President Emmanuel Macron called a shock election after being trounced in the European Union vote by the far-right, while the dollar was steady ahead of the Federal Reserve meeting later in the week. The euro fell to $1.0764, its lowest since May 9, in early trading in Asia. It was last down 0.24% at $1.0776 as investors weighed the implications of renewed political uncertainty in the euro zone's second-biggest economy in a key election year.

Buy or sell stocks for today: Buoyed by the commentary by the dovish RBI and hike in FY25 GDP growth forecast, the Indian stock market ended higher for the third straight session on Friday last week. The Nifty 50 index gained 468 points and closed at 23,290, whereas the BSE Sensex surged 1618 points and ended at 76,693.

₹45,000 crore in assets, Waterfield is currently India’s largest registered investment adviser. The firm is majority-owned by Rajan but has minority stakes held by the Patni Family Office and Zephyr Management, its overseas partner. Excluding her stake in Waterfield, the bulk of Rajan’s money is in the public markets.

₹4.17 trillion) over the next 10 years to become a true energy company from just a generator of power, according to two people aware of the company's plans. The people said that India's biggest power generation company will spend $5 billion each year over 10 years to foray into production of various clean fuels and also towards increasing its power generation capacity.

NCP's Ajit Pawar faction has turned down BJP's offer to make Praful Patel minister of state with independent charge in the new NDA government.

Reasi on Sunday is one of the biggest terrorist attacks on outsiders this year and marks a shift in terrorist activities in the Jammu region, said counterinsurgency experts, adding that so far terrorists were targeting security forces in the region.