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Nifty extended its losses on Wednesday falling by over 100 points and hitting the 2024 low of 21,710.20 amid selling pressure in banks, particularly index heavyweight HDFC Bank. The uncertainty over the fate of small and midcap stocks has triggered the slide and in this week, Nifty has conceded 313 points or 1.4% so far. The headline index had ended 2023 at 21,731.40 on December 29.

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Dravida Munnetra Kazhagam head M K Stalin on Wednesday released a list of 16 candidates who will contest the Lok Sabha elections under the party banner. Featured on the list are party heavyweights K Kanimozhi, A Raja, T R Baalu and Dayanidhi Maran, among others. Stalin also launched the party's manifesto for the polls, which included promises to not implement the Citizenship Amendment Act (CAA), the National Educational Policy (NEP) and the Uniform Civil Code (UCC) in the state.

Investing.com-- Shares of Samsung Electronics Co Ltd (KS:005930) rose sharply on Wednesday after reports said artificial intelligence major NVIDIA Corporation (NASDAQ:NVDA)  was testing high bandwidth memory chips from the South Korean conglomerate.

An obscure investment product used to finance risky real estate projects is facing unprecedented stress as borrowers struggle to repay loans tied to commercial property ventures.

₹29 lakh) from the current 70-110% to 15% for five years but comes with a number of caveats. The reduced tariff is valid only for 8,000 cars per year and can be availed only if companies make an investment of ₹4,150 crore or $500 million towards setting up a factory within three years. There is also a clause on domestic value addition –30% domestic value addition within three years going up to 50% by the fifth year.

₹779 crore and has the rare distinction of being a profitable unicorn. But as the above instances show, not all is well. In fact, the company may struggle to remain profitable, going ahead.

UnitedHealth Group is testing software for submitting medical claims as it continues to recover from a cyberattack that disrupted care billing systems

Workers at a Tennessee factory ask for vote on representation by the UAW.

The Russell 2000 (IWM) has been defending its 50-day MA over the early part of 2024, but the last few days have seen a shift in this support with 'sell' triggers in the MACD and On-Balance-Volume.

₹64,000 crore out of a total inflow of ₹1.6 trillion. To mitigate risk, some fund houses have opted to restrict inflows into their schemes.

Nifty's euphoric rally is staring at a sharp decline and the index could plunge to 18,550 in what could be a timewise correction that may last for a minimum of three quarters, according to PhillipCapital estimates. This is a 3,470-points or nearly 16% fall from the Friday closing price of 22,023. In the worst-case scenario, Nifty may test levels of 16,000-15,500, a whopping 6,523 points or 30% fall. In this case, the timewise correction could last for a maximum of 6-7 quarters.

ICAI will release the dates today. The dates have been revised after Election Commission recently announced schedule of Election to the 18th Lok Sabha which will be held in seven phases. The Model Code of Conduct (MCC) has been enforced since Saturday following the Election Commission of India's announcement of election dates for the Lok Sabha and four state assemblies. With the 17th Lok Sabha's term scheduled to conclude on June 16, 2024, elections for its 543 seats must be conducted prior to this date. The general election for these 543 Lok Sabha seats will take place in seven phases starting from April 19, with the counting of votes set for June 4. Concurrently, elections for the State legislatures of Andhra Pradesh, Arunachal Pradesh, Odisha, and Sikkim will also be conducted during this period.

Investing.com-- Most Asian currencies fell on Tuesday as traders remained on edge before a Federal Reserve meeting this week, while the Japanese yen (USDJPY) weakened sharply after a historic rate hike by the Bank of Japan.

Navy Joan Roberts in a statement issued July last year, President Joe Biden has once again refused to acknowledge his fifth granddaughter, fathered out-of-wedlock by first son Hunter Biden and Lunden Roberts. According to the New York Post, participating in a Women’s History Month reception at the White House Monday, he said, «I see a future for all Americans, a future for my daughter and my four granddaughters, by the way, they’re incredible.»

investors continue to pour money into stocks and equity funds, asset managers are raising more cash in their portfolios. February month data shows that the total cash pile at equity mutual funds rose for the second consecutive month to 4.82% of total assets under management (AUM) at Rs 1.33 lakh crore. SBI Mutual Fund was sitting at a war chest of Rs 25,100 crore and ICICI Prudential AMC Rs 21,700 crore. HDFC Mutual Fund's cash pile of nearly Rs 19,000 crore is about 6.8% of its AUM, shows data pulled from ACE Equity.

Launched at Davos last year, the UDPN is working towards interoperability for digital currencies, including stablecoins and CBDCs. Following work with over 25 global commercial banks, central banks, and technology companies, the network has launched its sandbox, where members can learn about digital currency technology, test built-in use cases, and develop their own new custom use cases. Commercial and central banks get a secure environment to control and provide permissioned access to other institutions in their ecosystem.

Anne Hathaway and Jessica Chastain are set to captivate audiences with their latest drama thriller, Mothers’ Instinct. Release Date, Cast

Covid was not supposed to get to Antarctica. If any place had a hope of keeping the virus out, it would be a continent with no permanent residents and an annual visiting population of only 5,000. And every control measure was in place—testing, a strict quarantine of everyone visiting, deep sanitation, masks and social distancing.

₹1.06 trillion at the end of Jan 2022 to ₹2.49 trillion at the end of Feb 2024. For mid-cap funds, the AUM has risen from ₹1.58 trillion at the end of Jan 2022 to ₹2.95 trillion at the end of Feb 2024. Thus it has more than doubled for small cap funds and grown 86% for mid cap funds.

The US dollar mostly moved sideways but took a bullish turn towards the end of the previous week. Inflation data sparked volatility in the dollar index as CPI and PPI both came in above expectations, fueling inflation fears.