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MphasiS Ltd. traded 0.24 per cent lower in Friday's session at 11:46AM (IST). The stock opened at Rs 2399.85 and has touched an intraday high and low of Rs 2410.55 and Rs 2383.1, respectively, during the session so far. The stock quoted a 52-week high of Rs 2835.0 and a 52-week low of 1807.0. About 2,844 shares changed hands on the counter so far.

Indian Oil Corporation Ltd. traded 1.01 per cent up at Rs 169.6 on Friday at around 11:31AM (IST), while the benchmark BSE Sensex advanced 30.48 points to 75448.52. As many as 554,415 shares changed hands on the counter with a total value of Rs 9.34 crore.

Bitcoin’s current market position has sparked renewed interest in Bitcoin price prediction. Trading at $67,836.31 with a 24-hour trading volume of $42.4 billion, Bitcoin has dipped 2.27% in the last 24 hours.

Mint tracker, continuing its trend from the previous year. With a composite score of 84, out of a maximum possible score of 100, India topped the EM league table in April with a persistently strong purchasing managers’ index (PMI) in the manufacturing sector, where it has had the best reading in the rankings for 12 months in a row—and in all but three months since November 2021. All currencies in the list saw a decline against the US dollar in April.

₹416.57 lakh crore) on Thursday, coinciding with the Nifty 50 index reaching a record high of 22,993.60. Meanwhile, in morning deals today (Friday, May 24), Nifty crossed the 23,000 milestone, hitting a new high of 23004.05.According to a press release by the NSE, it took NSE-listed companies just 6 months to jump from $4 trillion to $5 trillion.

Angel Onethe Nifty 50 clocked a new high to reach a milestone of 23000, but immediate follow-up is missing, bias remains positive, and traders should have a buy-on-dip approach. Key indices may consolidate, whereas broader markets may continue to outperform. 23,100 - 23,200 stiff resistance of the rising channel means one should look to book longs ahead of the key election result verdict.The benchmark index has registered a new high at 22,993, indicating bullish sentiments.

stocks, as the central bank's record dividend to the government kindled hopes of a reduction in the country's fiscal deficit. Stocks that were in focus include names like ITC, which rose 0.068%, KPI Green, which jumped 0.82%, and Grasim, whose shares rose 0.010% on Thursday.

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Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today - May 24The headline index saw a record rise, according to Vinod Nair, Head of Research at Geojit Financial Services, with prominent industries like banking and autos outperforming. Bond rates should decrease as a result of the RBI's historic payout, which is comparable to an indirect rate drop.

Beijing on Friday said ongoing drills encircling Taiwan were testing the military's ability to seize power over the self-ruled island, days after its new president was sworn in. China's military kicked off the war games Thursday morning, surrounding Taiwan with naval vessels and military aircraft, while vowing the blood of "independence forces" on the island would flow. The exercises — codenamed «Joint Sword-2024A» — come after Lai Ching-te took office as Taiwan's new president this week and made an inauguration speech that China denounced as a «confession of independence».

Sensex jumped 1,196.98 points, or 1.61%, to close at 22,967.65, while the Nifty 50 settled 369.85 points, or 1.64%, higher at 75,418.04.Nifty 50 formed a long bullish candlestick pattern on the daily charts, signaling strong buying interest.Also Read: Indian stock market: 8 key things that changed for market overnight - Gift Nifty to Nvidia share price rally“The 20-period moving average (MA) remains above the 50-period MA indicating that the positive MA crossover is intact. This augurs well for the near-term uptrend to continue.

Tata Consultancy Services (TCS), India’s second-largest company by market value, believes realising the full potential of generative artificial intelligence (GenAI) will require more time, although the global technology services major has begun to see sufficient traction in this revenue stream. “Customers are actively seeking proof of concepts (POCs) to explore the efficiencies offered by Gen AI in application development, maintenance, and deployment automation,” Siva Ganesan, head, TCS’ AI.Cloud business unit, told ET. “However, realizing the full potential of Gen AI will require time, as enterprises and society grapple with various challenges.”

₹4.28 lakh crore as a result of the continuing upward trend in stocks, which saw the benchmark Sensex reach a lifetime high.Also Read: Stock market today: Sensex, Nifty 50 hit record highs; why did Indian stock market rise?- explained with 5 key factorsDuring the day, the NSE Nifty edged closer to the milestone 23,000 level. At 22,967.65, the 50-issue index rose by 369.85 points, or 1.64%.

Financial advisors should consider incorporating behavioral financial advice into their practices to better serve affluent clients, according to the latest research from Cerulli Associates.

Nestle India plans to hire tasters and connoisseurs of premium foods for its soon-to-be-launched super-premium Nespresso coffee and boutiques. «The marketing thinking is very different. For example, the investment in a boutique would run into at least a couple of crores. So, the marketing of the brand, its positioning, advertising support and events have to be very different,» said Suresh Narayanan, chairman of Nestle India. He said the company's premiumisation will «build a new dimension; add to the strengths of the company; in coffee, in chocolates and milk.» ITC, on the other hand, is turning to artificial intelligence (AI) and machine learning (ML) to predict demand and consumer trends in retail stores and supply chains, and recommendations for packs best suited for a particular store, for its premium portfolio which includes Fabelle chocolates, skincare, and deodorants. «AI and ML models are being leveraged to position our premium portfolio across stores,» said Sandeep Sule, divisional chief executive, trade marketing and distribution, ITC, which makes Fiama body washes, Engage fragrances and Fabelle chocolates.

₹16.85 trillion in the interim budget presented in February.The Centre narrowed its fiscal deficit target for FY24 to 5.8%of GDP in the Revised Estimates (RE), lower than the budgeted fiscal deficit estimate of 5.9%, on the back of robust tax collection and higher dividend payouts. Also Read: Banks may see waiver of provisioning of loans to MSMEsOn Wednesday, the RBI approved a dividend of ₹2.11 trillion for the Central government for FY24 – a massive 141% higher than in FY23. To be sure, the fiscal deficit as a share of GDP would also depend on the economic growth rate and the inflation trend, in addition to adjustments to spending and changes in receipts.The latest dividend payout from the RBI will be instrumental in compensating for any slippages in tax revenue or increased public spending in FY25, and ensure fiscal deficit reduction is in sync with the committed glide path of 4.5% by FY26, experts said.

school holidays, many are seeking to escape the heat by heading to cooler hill stations. This year, redBus, the world’s largest online bus ticketing platform, has reported a significant increase in holiday travel bookings. Hill stations like Manali, Shimla, and Dharamshala are becoming top choices for those looking to enjoy the serene beauty of the mountains. These destinations offer not only a break from the scorching heat but also a chance to indulge in various activities such as trekking, river rafting, and sightseeing. Families and solo travelers alike are flocking to these spots, eager to experience the lush landscapes and cool climates. The trend indicates that more people are opting for road travel to explore these picturesque locations, preferring the flexibility and adventure that bus journeys provide over other modes of transportation. With the charm of hill stations drawing large crowds, it's clear that many are taking advantage of the school holidays to create memorable summer experiences.

Contrary to popular belief, the market for self-directed investing isn’t all about the young and not-yet-rich, according to a new study from Broadridge.

Mint.The transaction value reportedly ranged between $250 million and $270 million, the persons said.Around 41.3 million shares changed hands on the National Stock Exchange, according to Bloomberg.The shares of the company rose as much as 6.3% intraday on Thursday, hitting their highest levels since February 2023.ICICI Securities is managing the sale process.This divestment follows Apis Growth's previous sale of 10 million shares of Star Health for ₹553 crore in March 2024.As of 31 March, Apis Growth held a 2.61% stake, while MIO Star and MIO IV Star (both linked to Madison Capital) held 2.21% and 2.39% stakes respectively in Star Health.The positive investor sentiment surrounding Star Health can be partly attributed to the company's strong financial performance. The company reported a 40% increase in net profit for the fourth quarter ended March, at ₹142 crore, compared to ₹102 crore in the same quarter the previous year.The company's gross written premium also witnessed a significant rise, reaching ₹4,968 crore against ₹4,199 crore in the year-ago period.

If goat yoga is a trend, piglet yoga may not be far behind