Trends Financial News

Colgate-Palmolive (India) Ltd. traded at Rs 2706.4 on BSE at 01:23PM (IST) on Monday, up 1.96 per cent from previous close. The stock quoted a 52-week low price of Rs 1594.0 and a high of Rs 2961.15.

On Monday, the price of Bitcoin increased by 1%, opening at $68,473 and reaching an intra-day high of $68,733.Despite ongoing volatility, traders and investors remain speculative about future movements, closely watching the global crypto market cap, which increased by 0.42% to $2.55 trillion.

Asian manufacturers seem to be on firmer ground, with the latest survey data signaling stronger output and orders, but building cost pressures could stoke concerns about inflation. Purchasing managers index data from S&P Global showed improvements in industrial powerhouses like South Korea and China midway through the second quarter. “Asia’s manufacturing recovery looks to be firming by the month," said Maybank economist Erica Tay.

Although there is a long history of affluent city-dwellers owning second homes in popular places such as Goa and Mussoorie, this trend has gained momentum since the pandemic. In addition to rising disposable incomes, this is due in part to remote work becoming increasingly common. Traditional options include tropical and ‘beachy’ destinations such as Goa and Alibaug, as well as more temperate towns such as Mashobra or Darjeeling. Coonoor is a relatively recent entrant to this club but has quietly become a popular choice among a small clutch of urban elite who are looking for an unspoilt but also convenient location for a second home.

Driven by economic growth, rapid urbanisation, increased individual earnings, and mounting interest in an opulent lifestyle, luxury housing in India is on a roll currently. Buyers now demand bigger spaces fitted with modern amenities and splendid architectural layout with meticulous design to ensure experiential living. And amid the rising demand, Delhi-NCR dominated the luxury housing Q1 launches.

Central West Delhi is witnessing a significant transformation in residential preferences as more individuals and families transition from traditional builder floors and kothis to high-rise condominiums. This shift is influenced by factors such as enhanced security, superior amenities, and a community-oriented lifestyle. New real estate developers entering the area are keenly aware of these changing preferences and are designing their projects to cater to the evolving psychology of potential homeowners, focusing on providing comprehensive security, luxurious amenities, and strong community bonds through their condominium offerings.

Zee Entertainment Enterprises Ltd. gained 4.0 per cent to Rs 154.7 in Monday's trade. It hit a high of Rs 160.0 and low of Rs 151.55 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 215.04, while the 50-DMA was at Rs 143.74. 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.

Cholamandalam Investment & Finance Company Ltd. traded 3.05 per cent up at Rs 1277.85 at around 11:16AM (IST) on Monday. The stock had closed at Rs 1239.95 in the previous session. Equity benchmark Sensex traded 2122.45 points higher at 76083.76 around the same time.

AJIT MISHRA SVP-RESEARCH, RELIGARE BROKING Where is Nifty headed this week? Nifty faced pressure after two weeks of gains, losing nearly 2% amid mixed signals. Currently, Nifty is trading at the lower band of a rising channel around the 22,400 level, and a decisive break here could lead to a further decline, potentially retesting the 21,800-22,000 support zone. In case of a recovery, the 22,900- 23,400 zone would be challenging to surpass. What should investors do? With the election results in focus, we expect continued high volatility. The sector outlook is mixed, with fresh declines in the IT and FMCG sectors reducing hopes for support. Although broader indices remain near their record highs, market breadth has deteriorated, indicating selective participation. In this scenario, we recommend closely monitoring leveraged positions and waiting for more clarity. For short-term trades, traders can consider bullish bets in Bajaj Auto, Britannia, Coal India, Coromandel, Gujarat Gas, HDFC Bank, Torrent Pharma. Bearish on Apollo Tyres, Bajaj Finance, Berger Paints, PVR Inox, Titan, and UPL.

Read more about other Food and Beverages items on the Top Trending Products page. Check out the best salt in India below. 1. Urban Platter Pink Himalayan Rock Salt Urban Platter Pink Himalayan Rock Salt Powder, 1.5kg (Unrefined | Additive Free | 100% Pink Rock Salt | Sendha Salt | PET Jar)6% Off₹375₹400Buy Now Urban Platter Pink Himalayan Rock Salt Powder, available in a 1.5 kg PET jar, is an unrefined, additive-free salt sourced naturally from the Himalayan mines. This 100% pink rock salt, also known as Sendha Salt, is distinguished by its signature pink color, derived from trace minerals like iron, magnesium, and potassium. Ideal as a healthier alternative to whi

Hyderabad rains today trended on social media as netizens shared videos of rains that brought slight relief from heat. Monsoon typically reaches Telangana in second week of June. According to India Meteorological Department, favorable conditions are expected to facilitate the Southwest Monsoon's further progression into additional regions, including parts of the central Arabian Sea, Karnataka, Rayalaseema, and coastal Andhra Pradesh, as well as Westcentral and Northwest Bay of Bengal within the next 2-3 days. Currently, a cyclonic circulation persists over Coastal Andhra Pradesh and its vicinity, now situated over the westcentral area adjoining the southwest Bay of Bengal, extending from the south Coastal Andhra Pradesh to the north Tamil Nadu coasts at an altitude of 1.5 km above mean sea level.

Madhavi Latha has become a trending topic on social media today following exit polls that indicate a tight race between the BJP leader and four-time MP Asaduddin Owaisi in the Hyderabad constituency. Exit polls on Saturday have forecast a close contest between the Congress and the BJP in Telangana for the Lok Sabha elections, with the Bharat Rashtra Samithi (BRS) expected to incur significant losses. According to Today's Chanakya, the BJP is projected to win 12 ± 2 seats in Telangana, Congress 5 ± 2 seats, with BRS and others getting 0-1 seats each. Similarly, Axis My India predicts the National Democratic Alliance (NDA) securing 11-12 seats in Telangana, BRS 0-1 seats, Congress 4-6 seats, and others 0-1 seats.

Also Read- Elections 2024: Diversify portfolios to mitigate risk, focus on defensivesNervousness ahead of elections, approaching end of Q4 corporate results and diversion of funds to other relative cheap markets have resulted in this sell-off ahead of the election results outcome, said Deepak Jasani, Head of Retail Research, HDFC SecuritiesNifty quotes at ~21.5 times FY25estimated earnings per share and going by historical trends is currently at the top end of the valuation. Also going by the Market-cap to GDP ratio, Indian markets are at 1.4 times.

geopolitical events, currency fluctuations, and trade agreements can have profound effects on profit-booking behaviour in Indian gold, silver, and rupee markets, shaping subsequent reinvestment strategies for investors.

India stock market: The Indian stock market benchmarks, Sensex and Nifty 50, closed with slight gains on Friday, May 31, breaking the pattern of losses from the preceding five sessions. The Sensex concluded the session with a 0.10 percent rise, gaining 76 points to reach 73,961.31, as 15 stocks saw an increase.

Bitcoin’s exchange balances have dropped to their lowest level since March 2018, falling below 2.3 million BTC. This significant decline, driven by major outflows from Binance and Coinbase, suggests a shift towards long-term holding strategies.

poll surveys predicted 400-paar for BJP-led alliance, an old video of late Rajya Sabha member and journalist Cho Ramaswamy started gaining traction where he is seen calling Prime Minister Narendra Modi as 'merchant of death.'

Lok Sabha elections concluded on Saturday, marking the end of the world's largest polling exercise that began on April 19, Congress leader Ajay Maken flagged the new rule that candidates' counting agents are not allowed at the Assistant Returning Officer (ARO) tables during the vote counting process on June 4.

exit polls have predicted a comfortable majority for the Modi government, shrugging off concerns in some pockets, at least for now. Domestic markets witnessed high volatility throughout May, with benchmark Sensex shedding 0.8% and the broader Nifty losing over 0.5%.

exit polls predicted a thumping majority for the ruling Bharatiya Janata Party (BJP) in Lok Sabha elections. The polls come as a shot in the arm given how the markets have been marred by election jitters throughout May.