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Wipro's daily chart shows the formation of a symmetrical triangle pattern, accompanied by lower trading volumes, suggesting a potential breakout in the near future, says Rupak De, Senior Technical analyst at LKP Securities. Besides Wipro, MMTC is his other stock idea for this week. Edited excerpts from an interview:August F&O rollover data shows FIIs decreased their net Long position by 31,000 contracts in August series. Nifty rollovers reduced month-on-month to 78%. What are the targets for the September series given the fact that there's little bullishness left as far as the headline indices are concerned?Nifty witnessed a rollover rate that was on par with the three-month average. Notably, the Cement sector and Realty sector stood out as the top two sectors where the rollover rate exceeded the three-month average rollover. Within the market, Dalmia Bharat, MCX, and Bharti Airtel were the top three stocks exhibiting the highest divergence in rollover rates compared to their respective averages. In the September series, the Nifty appears to be in a bullish trend as it has just crossed above the 21-day Exponential Moving Average (EMA) for the first time in several days. This suggests the potential for a bullish reversal. Additionally, the index has broken out of a falling channel, further indicating increasing bullish sentiment.

Bharat Electronics with a target price of Rs 143. The current market price of Bharat Electronics is Rs 141.1.

Discover India's transformative Pradhan Mantri Vis... moreDiscover India's transformative Pradhan Mantri Vishwakarma Yojana, designed to uplift the traditional skills and crafts sector.

Lok Sabha elections. Kicking off from Prayagraj on August 9, the yatra has already made its mark. Nine districts in Bundelkhand and eastern UP have been covered, accumulating over 2,000 kilometres on bicycles—the Samajwadi Party's election symbol.

Kotak Mahindra Bank: Uday Kotak on 1 September announced to step down as managing director and chief executive officer of Kotak Mahindra Bank, and with this, the baton was passed to Joint Managing Director at Kotak Mahindra Bank -- Dipak Gupta. Gupta will carry out the duties of the MD and CEO until 31 December, which is subject to the approval of the RBI and the members of the bank.

Bajaj Auto's subsidiary, Bajaj Auto Consumer Finance, has obtained the Certificate of Registration from the Reserve Bank of India (RBI) to commence its operations as a non-banking finance company (NBFC). This development was reported in the company's filing on September 1, as per information from MoneyControl.In the exchange filing, Bajaj Auto said, “We would like to inform you that Bajaj Auto Consumer Finance Limited, the wholly-owned subsidiary of Bajaj Auto Limited, has received on 31 August 2023 from RBI a Certificate of Registration, bearing No.

use of coal to generate electricity as an increase in renewables is struggling to keep pace with record power demand, according to Reuters reports. India's electricity demand typically peaks in May when people crank up air-conditioners to beat the heat. It is unusual for India's electricity use to spike in August when temperatures are lower due to the annual monsoon.

Day trading guide for today: On account of strong global market cues as China’s factory activity for August expanded and its central bank announced a cut in reserve requirements to boost the economy, Indian stock market finished higher on Friday. NSE Nifty went up 181 points and ended at 19,435 levels, BSE Sensex gained 555 points and closed at 65,387 mark while Bank Nifty index finished 446 points higher at 44,436 levels. Upstream oil companies were in the limelight as Brent crude surged to a 1-month high on the back of tighter US inventories and Russia signalled to curb oil export.

Kushal has been employed for the past four years and knows that he should start getting serious about the way he manages his finances. He leads an independent life away from his parents. In the past, he has tried to make a budget and live according to it, but finds it extremely restrictive. He dislikes the idea of keeping track of his spending within the limit allowed to him under his budget. He wants to be able to do the right thing as far as his finances are concerned, but is not sure how to do it since budgeting is an essential starting point to managing money. Is there another way that he can manage the situation? The purpose of a budget is to help develop the discipline to live within one’s means and save money for future goals and needs.

JF-17 Thunder, supplied to Myanmar by Pakistan were declared unfit and the military junta has sent a «stern message» to Islamabad to answer for the mess, Myanmar-based Narinjara News reported citing sources. Pakistan supplied many JF-17 Thunder combat aircraft to Myanmar between 2019 and 2021 and all have been declared «unfit for operations.» The delivered planes were part of a deal that the Burmese military junta signed in 2016 to purchase JF-17 produced jointly by Pakistan Aeronautical Complex and Chengdu Aircraft Industries Corporation of China. But soon after the delivery of the aircraft, the Burmese Air Force was forced to ground the planes as malfunctions and structural flaws were detected. The failure of JF-17 appears to be shimmering tensions between Islamabad and Naypyidaw and somehow compelled China to intervene. A recent visit by Myanmar's Chinese envoy to Naypyidaw is said to have carried a message from the CCP's top leadership to Gen Min Aung Hlaing, as per Narinjara News. According to sources, Pakistan is trying hard to renegotiate the deal with newer versions of the JF-17s.

Buy or sell stocks for today: Following strong global market sentiments, Indian stock market ended higher on Friday session. NSE Nifty gained 181 points and closed at 19,435 levels, BSE Sensex went up 555 points and ended at 65,387 mark whereas Bank Nifty index finished 446 points higher at 44,436 levels.

TVS Motor Company, part of the 2-3-wheeler industry, hit a record high in August 2023 and is trading comfortably above crucial moving averages, suggesting that the bulls are here to stay.Short-term traders can look to buy the stock for a possible target of Rs 1,480 in the next 2-3 weeks, suggest experts.The 2-3-wheeler maker rose more than 5% in a week to hit a record high of Rs 1,436 on August 31, 2023.

Karti Chidambaramsaid there was nothing wrong in what Udhayanidhi said as Sanatan in common Tamil parlance means caste hierarchical society. "What Udhayanidhi meant is caste hierarchical society needs to be eliminated, It has no other deeper philosophical meaning as others seem to attribute towards it.

MUNICH (Reuters) — The variable costs for producing electric vehicles will remain higher compared to combustion engine models for the foreseeable future, the chief executive of Mercedes-Benz (OTC:MBGAF) said on Sunday, adding this would continue to fuel intense competition.

GST) following a recent ruling by the Karnataka Authority for Advance Ruling (AAR). In a case involving Orient Cement, the AAR determined that such incentives provided by companies to dealers should be classified as a “supply" under GST rules and be subject to tax. Tax experts said the judgment contradicts previous court verdicts on similar cases.

Hindustan Times. Sitharaman's comments arrive as the Sanatan Dharma row turned into a major controversy with the opposition alliance INDIA (Indian National Developmental Inclusive Alliance) facing the heat for the DMK leader's statement. Sitharaman pointed out Tamil Nadu minister for Hindu Religious and Charitable Endowments PK Sekar Babu -- present at the event -- did not protest when Udhayanidhi Stalin made the statement on eradicating Sanatan Dharma.

NEW DELHI : The union ministry of power is likely to ask for a cut in the goods and services tax on components used in hydropower projects. The ministry may seek a cut in components like turbines, steel and cement which are in the higher slabs, two people aware of the matter said. The suggestions were discussed in a recent meeting at the ministry and may be taken up with the finance ministry, they said.

Tamil Nadu minister Udhayanidhi Stalin’s remarks on the Hindu religion sparked sharp reactions across southern India with the BJP units in Karnataka and Tamil Nadu coming down heavily on the young DMK leader. Stalin said at an event in Chennai on Saturday that the Sanatana Dharma was like dengue and malaria, and that they should think of not fighting it but eradicating it. Congress MP Karti Chidambaram’s endorsement of the statement fuelled demands for Karnataka’s ruling party to clarify its stand on the matter. The BJP's Karnataka unit said, «Rahul Gandhi's friend and ally Udhayanidhi Stalin spews venom against Hindus by saying Sanatana Dharma is like malaria, dengue and must be eradicated.

By Giuseppe Fonte and Giancarlo Navach

Congress on Sunday targeted the Modi government over a recent CAG report on Bharatmala project, alleging that infrastructure projects have been granted to "close friends" and donors of the BJP and asserted that only a JPC probe can unravel the truth. In a statement, Congress general secretary (communications) Jairam Ramesh said the Bharatmala Pariyojana is aimed at developing 35,000 km of national highways to make freight movement across the country more efficient. «Yet, the most remarkable feature of the project has been the efficiency with which costs have been inflated and projects handed over to the Prime Minister's close friends and his party's electoral bond donors, as shown in a recent CAG report covering the period 2017-21,» he alleged. The Congress leader said the National Highways Authority of India (NHAI) awarded a 250 km four-lane project between Suryapet and Khammam in Telangana to a consortium in which Adani Transport was the dominant partner with a 74 per cent work share. According to the CAG, he said Adani Transport «did not fulfil the condition of 'Request for Proposal' regarding experience of five years» building highways. «Despite being completely unqualified to bid, Adani Transport once again benefited from Modi's Magic.

Major US retailers have been forced to put daily use items such as toothpaste, chocolate, washing powder and deodorant under lock and key amid a spate of organized shoplifting. As consumers grapple with escalating costs of living many major retailers – including Walmart and Target - have seen their latest earnings dip significantly due to nimble-fingered patrons. Stores have now resorted to a slew of anti-theft measures – from installing transparent walls with locks on shelves and adding padlocked chains on refrigerators to scattering call buttons across aisles for staff.