Trends Financial News

Tube Investments of India Ltd. gained 0.47 per cent to Rs 4230.35 in Friday's trade as of 01:44PM (IST). It hit a high of Rs 4255.0 and low of Rs 4171.25 during the session. The stock quoted a 52-week high price of Rs 4397.1 and a low of Rs 2729.1. The return on equity for the stock stood at 23.54 per cent. About 2,937 shares have changed hands on the counter so far.

Varun Beverages Ltd. slipped 0.5 per cent to Rs 1630.9 in Friday's trade as of 01:50PM (IST). The stock hit a high price of Rs 1647.5 and low of Rs 1609.0 during the session. The return on equity (ROE) for the stock stood at 29.64 per cent. Traded volume on the counter stood at 01:50PM shares and turnover at Rs 3.67 crore around that time. The stock of Varun Beverages Ltd. quoted a 52-week high price of Rs 1673.7 and 52-week low prices of Rs 781.15, respectively.

PI Industries Ltd. traded 0.3 per cent down at Rs 3812.6 on Friday at around 12:23PM (IST), while the benchmark BSE Sensex declined 46.26 points to 79196.92. As many as 5,478 shares changed hands on the counter with a total value of Rs 2.1 crore.

Tata Power Company Ltd. gained 0.55 per cent to Rs 440.2 in Friday's trade as of 11:52AM (IST). The stock hit a high price of Rs 444.6 and low of Rs 438.9 during the session. The return on equity (ROE) for the stock stood at 11.42 per cent. Traded volume on the counter stood at 11:52AM shares and turnover at Rs 15.39 crore around that time. The stock of Tata Power Company Ltd. quoted a 52-week high price of Rs 464.3 and 52-week low prices of Rs 216.95, respectively.

Marico Ltd. gained 1.21 per cent to Rs 619.05 in Friday's trade as of 10:20AM (IST). It hit a high of Rs 622.1 and low of Rs 610.85 during the session. The stock quoted a 52-week high price of Rs 666.85 and a low of Rs 486.75. The return on equity for the stock stood at 38.64 per cent. About 7,488 shares have changed hands on the counter so far.

Stock market today: Following the telecom tariff hike announced by the Indian telecom majors Reliance Jio and Bharti Airtel, telecom stocks reacted to the news during early morning deals. Today, Bharti Airtel's share price opened upside at ₹1,536.25 per share and touched an intraday high of ₹1,536.25 apiece on NSE.

Stock market today: Despite weakness in the global markets, the Indian stock market continues to scale northward on Thursday. The Nifty 50 index ended 175 points higher at the 20,044 mark after climbing to a new peak of 24,087. The BSE Sensex finished 568 points higher at 79,243 after hitting a new record high of 79,396.

In the latest Bitcoin price prediction, BTC has surpassed the $61,500 mark, coinciding with a milestone where over one million addresses now hold at least one full Bitcoin.

Sensex jumped 568.93 points, or 0.72%, to close at 79,243.18, while the Nifty 50 settled 175.70 points, or 0.74%, higher at 24,044.50.Nifty 50 formed a long bull candle on the daily chart, which is four similar back-to-back candles in the last four sessions. Also Read: Indian stock market: 8 things that changed for market overnight - Gift Nifty, US jobless claims to SEBI board decisions“After the formation of a bullish pattern like ‘three advancing soldiers’ on Wednesday, Nifty continued to surge higher.

household debt, having already raised the risk weighting on unsecured retail exposure to moderate the pace of credit expansion in a loan segment that could prove vulnerable in the future. «With overall household savings declining to 18.4% of GDP (gross domestic product) in FY23 from an average of 20% of GDP over 2013-2022, and coupled with an increasing trend in financial liabilities, household debt warrants close monitoring from a financial stability perspective,» the Reserve Bank of India (RBI) said in its latest Financial Stability Report released on Wednesday.

«The index would have the next target of 24500 level, as mentioned earlier, with 23500 zone maintained as the support as of now,» said Vaishali Parekh, Vice President, Technical Research, Prabhudas Lilladher.

Varun Alagh, founder of Honasa Consumer which owns Mamaearth and The DermaCo, reckons looking young and healthy is the new rich. A decade ago, most youngsters discovered specialised skincare brands through dermatologists. Now, social media influencers do that job. According to Alagh, younger consumers are really into their health, and view skincare as an extension. Edited excerpts from an interview. Why are youngsters so obsessed with their skin care routine now? The emergence of personal voices has led to category education becoming easier. Consumption of social content is leading to the shaping of genuinely good skincare categories. For instance, active ingredients are not something new, but are now getting democratised. Using efficacious active ingredients for skincare and for problem solution and skincare has existed for decades. What was not done earlier is marketing these directly to the consumer. Globally, this realisation came almost 20 years back when brands started to take it directly to consumers. We are seeing this now in India as well.

The average rate on a 30-year mortgage eased again this week, extending a welcome trend for prospective homebuyers facing record-high home prices

Indian stock market: Benchmark indices Sensex and Nifty reached new record high with the Nifty 50 crossing the 24,000 mark for the first time and the Sensex surging above 79,000. The 30-share BSE Sensex concluded the session with a gain of 568.93 points, or 0.72%, closing at the level of 79,243.18.

Parents giving money to their kids to buy a home took off during the pandemic when real estate went through the roof.

Google detailed five new features that are now available for Chrome users on Android and iOS devices. These updates introduce additional Chrome Actions for local searches, offering users more interactive options when looking up businesses. When searching for local establishments, such as restaurants, users will now see three new actionable buttons: Call, Directions, and Reviews.

Gold prices fell Rs 120 to Rs 72,180 per 10 grams in the national capital on Thursday in line with weak trends in the global markets, according to HDFC Securities. The precious metal had settled at Rs 72,300 per 10 grams in the previous session. However, silver prices remained flat at Rs 90,600 per kg.

bull candles on the daily chart, Nifty ended June derivative series above the 24,000-mark for the first time ever amid short covering. The underlying trend of Nifty continues to be positive. A sustainable move above 24000-24100 levels could pull Nifty towards another Fibonacci extension resistance of around 24380-24400 levels in the near term. Immediate support is placed at 23800 levels, said Nagaraj Shetti of HDFC Securities.

₹2,883 on Monday, the Sensex heavyweight has managed to end higher for the past two sessions. The opening of reliance share price today was at ₹3027.50, but it quickly gained momentum and reached an intraday high of ₹3,075 per share on NSE.

China’s second-biggest online shopping event of the year generated big sales, but not necessarily the windfall that retailers have come to expect, analysts say. E-commerce giants like Alibaba Group and JD.com have historically used the weekslong 618 shopping festival to get customers to open their wallets, offering promotions on everything from Coach handbags to iPads.

fixed deposit (FD) interest rates in India have seen an upward trend. Certain banks are now providing rates as high as 8.25% for senior citizens and 7.75% for the general public. Many individuals opt for FDs as a reliable means to secure a consistent income, avoiding the fluctuations often found in stocks or other market-based investments.Unlike equities, where dividends can vary, FDs provide a stable interest rate that remains unchanged from the time of deposit.