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₹2.11 trillion Reserve Bank of India dividend, up 141% from the previous year. The Centre had set a fiscal deficit target of 5.9% in FY24, 5.1% in FY25 and 4.5% in FY26. It revised the target for FY24 in the interim budget in February, only to beat it thanks to higher-than-anticipated receipts and lower-than-estimated revenue spending.

Buy or sell stocks for today: Following a choppy trend in the global markets, the Indian stock market erased all its gains in the closing bell on Tuesday. The Nifty 50 index ended marginally higher at 23,264, while the BSE Sensex finished 33 points lower at 76,456.

Plan sponsors are increasingly focusing on retirement income solutions for their clients, according to a new survey by Pimco.

At Consensus 2024 in Austin, Texas, Cryptonews’s Matt Zahab sat down with Justin Melillo, CEO and founder of Mona, for an in-depth discussion about the platform’s mission, its support for creators, recent achievements, and future trends in the digital art space, especially the metaverse.

Sectorally, buying was seen in capital goods, oil & gas, and telecom while selling was seen in metal, healthcare, banks and FMCG stocks.

Dune Analytics is on a mission to make crypto data accessible to everyone, according to Arnaud Simeray, the Go-to-Market Lead at the company.

Railway stocks jumped up to 10% after Ashwini Vaishnaw took charge as the Indian Railway minister continuing from his previous stint. The gains were led by Jupiter Wagons which shot up to the day's high of Rs 682.90 on the NSE, gaining 10% on the intraday basis. It was followed by Texmaco Rail & Engineering and Indian Railway Catering and Tourism Corporation (IRCTC), which surged 6% each as of noon. The other gainers were Rail Vikas Nigam Limited (RVNL), Indian Railway Finance Corporation (IRFC), BEML, Ircon International, RITES, and Container Corporation of India (CONCOR) which were up between 2.5% and 5%.

SBI Cards and Payment Services Ltd. slipped 0.43 per cent to Rs 713.9 in Tuesday's trade. It hit a high of Rs 719.95 and low of Rs 711.55 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 749.47, while the 50-DMA was at Rs 716.6. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Bitcoin has had four overly significant years in its existence, and when 2024 began, BTC enthusiasts all looked forward to riding the post-halving bullish momentum. While not all predictions regarding the movement of the world’s largest cryptocurrency come to fruition, as of June 7, it is presently trading at around $70,000 levels with an improved market capitalisation of 1.40 trillion. BTC’s performance has improved by 4.25% in the last week, with a significant bull run in May that led to a capital appreciation of 14.32%. Coming off a significant bull run that lasted seven months where its price appreciated from $25,932 on August 1, 2023, to reach the $71,285 level by March 1 this year, investors were taken by surprise when significant unexpected events like the FTX decline failed to reflect in its bullish momentum. Presently, as BTC trades near the all-time high level of $75,830, concerns have been raised about whether Bitcoin has finally reached its ceiling or if it is still viable as an undervalued asset.

Trent Ltd. fell 0.17 per cent to Rs 4952.0 at 12:48PM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 29,569 shares with a turnover of Rs 14.66 crore till 12:48PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 119.09, while the price-to-book value ratio stood at 34.51.

Indian Hotels Company Ltd. traded 0.27 per cent lower in Tuesday's session at 01:03PM (IST). The stock opened at Rs 581.45 and has touched an intraday high and low of Rs 584.9 and Rs 577.7, respectively, during the session so far. The stock quoted a 52-week high of Rs 622.25 and a 52-week low of 371.45. About 67,054 shares changed hands on the counter so far.

Ashok Leyland Ltd. traded 1.55 per cent higher in Tuesday's session at 12:53PM (IST). The stock opened at Rs 232.7 and has touched an intraday high and low of Rs 236.15 and Rs 230.25, respectively, during the session so far. The stock quoted a 52-week high of Rs 237.9 and a 52-week low of 151.6. About 523,654 shares changed hands on the counter so far.

United Spirits Ltd. gained 0.69 per cent to Rs 1324.15 in Tuesday's trade. It hit a high of Rs 1334.05 and low of Rs 1310.35 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 1102.88, while the 50-DMA was at Rs 1187.23. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Avenue Supermarts Ltd. gained 0.49 per cent to Rs 4799.9 in Tuesday's trade. It hit a high of Rs 4825.0 and low of Rs 4784.75 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 4035.71, while the 50-DMA was at Rs 4643.72. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Indian Oil Corporation Ltd. traded 0.3 per cent up at Rs 165.75 at around 11:51AM (IST) on Tuesday. The stock had closed at Rs 165.25 in the previous session. Equity benchmark Sensex traded 185.31 points higher at 76675.39 around the same time.

Zee Entertainment Enterprises Ltd. 0.0 per cent to Rs 164.1 at 11:46AM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 1,130,341 shares with a turnover of Rs 18.78 crore till 11:46AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 114.16, while the price-to-book value ratio stood at 1.23.

Federal Bank Ltd. traded 1.51 per cent up at Rs 167.3 on Tuesday at around 11:57AM (IST), while the benchmark BSE Sensex advanced 189.7 points to 76679.78. As many as 178,641 shares changed hands on the counter with a total value of Rs 2.98 crore.

Also Read: Stock market today: Nifty 50, Sensex snap 3-day winning run amid weak global cues; mid, smallcaps outperformThe NSE Nifty 50 index fell 0.13% to 23,259.20, while the S&P BSE Sensex ended 0.27% down at 76,490.08. Both benchmarks grew approximately 0.5% at the start and reached record highs before relinquishing gains.Vinod Nair, Head of Research at Geojit Financial Services, stated that the Indian market currently lacks new catalysts following the creation of the new government at the centre, implying that some consolidation may occur in the near future.

bond yields are expected to be largely unchanged on Tuesday as market participants eye key inflation data in India and the U.S., followed by the Federal Reserve's monetary policy decision on Wednesday. India's benchmark 10-year yield is likely to move in a 7.01%-7.05% range, following its previous close of 7.0331%, a trader with a state-run bank said.

Bitcoin prices remained fairly rangebound last week, though they fell sharply below the $70,00 mark on Friday, after climbing to more than $71,000 earlier in the week.

Broadcom Inc CEO Hock Tan emerged as the highest paid chief executive in 2023, with a total compensation of $161,826,161.