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Bharat Electronics Ltd. traded at Rs 241.65 on BSE at 10:20AM (IST) on Friday, up 1.57 per cent from previous close. The scrip quoted a 52-week low price of Rs 105.75 and a high of Rs 244.0.

InterGlobe Aviation Ltd. gained 1.09 per cent to Rs 4336.9 in Friday's trade as of 10:14AM (IST). It hit a high of Rs 4391.0 and low of Rs 4290.55 during the session. The stock quoted a 52-week high price of Rs 4391.0 and a low of Rs 2230.45. The return on equity for the stock stood at 0.0 per cent. About 8,519 shares have changed hands on the counter so far.

Sensex climbed 676 points to settle at 73,663 and the Nifty surged 203 points to 22,403. Stocks that were in focus include names like Tata Technologies, which closed flat, Apollo Tyres, which jumped 3.14%, and Vodafone Idea, whose shares fell 0.76% on Thursday.

Silver prices Thursday surged to an all-time high, just shy of Rs 90,000 a kg, paced by an increase in industrial applications of the precious metal amid shortening odds of an imminent reduction in policy rates by the US Federal Reserve. Prices climbed more than Rs 2,000, or nearly 4%, through the course of a single trading session to end at Rs 87,476 a kg. Within a month, silver prices have climbed more than 5%, resulting in annualised gains of 60%, with analysts attributing increasing industrial demand of silver from the makers of electric vehicles (EV) and photovoltaic solar panels. High prices have sparked selling of household silver in Mumbai’s Zaveri Bazaar, said Prithviraj Kothari, MD, RiddiSiddhi Bullions. “People are selling bars, coins and silver utensils to get cash in hand. Also, after a long time, silver is witnessing such a bull run and consumers want to make the most of it,” said Kothari.

Peacock, who is working on a spinoff series inspired by The Office. If this wasn't good news enough, the original showrunner of The Office, Greg Daniels, is also on board this spinoff as the co-creator, according to a TV Guide report.

diesel sales continued to slide in May while petrol consumption was almost flat despite election campaigns for the general elections hitting a peak, preliminary data of state-owned firms showed on Thursday. Electioneering for general elections traditionally has led to a surge in fuel demand as candidates extensively use automobiles to reach voters. But the trend in sales by PSUs so far does not reflect that. Petrol sales of three state-owned firms, which control 90 per cent of the fuel market, at 1.367 million tonnes in the first half of May was almost the same as 1.36 million tonnes of fuel consumed in the same period last year. Month-on-month consumption however soared 11 per cent. Diesel sales dropped 1.1 per cent to 3.28 million tonnes during May 1 to 15. The demand for the nation's most consumed fuel had fallen 2.3 per cent in April and 2.7 per cent in March.

₹6,619 per barrel on the multi commodity exchange (MCX). The number of Americans filing new claims for unemployment benefits fell last week by 10,000 to a seasonally adjusted 222,000, the U.S. Labor Department said, pointing to both an underlying strength and a steadying of the labor market.

In recent years, remote work has emerged as a viable and desirable option for many professionals worldwide. With advancements in technology and changes in work culture, the concept of working from anywhere has gained widespread acceptance. In India, both state governments and the co-working industry have been proactive in facilitating and promoting remote work opportunities.

India Inc, not just IT, dangles big bucks for AI specialists. But is it all hype? Moreover, AI proficiency has emerged as a top priority in India Inc.'s hiring strategy, with 75% of employers emphasizing the importance of AI skills for new hires, surpassing the global average of 66%. Interestingly, there is a clear preference for AI skills over experience, with 80% of the leaders in India preferring less experienced candidates with AI skills over seasoned candidates lacking such skills, the study revealed.

Also read: Is the Indian online consumer evolving? A relatively new fee seems to suggest so Reliance Retail said in a statement on Thursday, “Under a long-term licensing agreement, Reliance Retail will be the exclusive retail partner for ASOS across all online and offline channels in India. Leveraging its extensive experience of operating omni-channel retail networks, Reliance Retail will introduce ASOS’s portfolio of owned labels to the Indian market through a multi-channel presence for ASOS across retail formats such as exclusive brand stores, multi-brand stores and online platforms." ASOS only sells its own products in all markets except for a few, in which it also sells third-party brands.

ad-supported tier comes amid fierce competition in the streaming industry, with companies increasingly offering bundles to retain subscribers. Since its launch in November 2022, Netflix's ad-supported plan has garnered significant traction, with 40 percent of all sign-ups originating from these plans in eligible countries.

Sectorally, buying was seen in realty, consumer durables and capital goods stocks while selling was available in utilities.

Adidas is launching cheaper versions of its three-striped shoes like the white and black suede Samba as it aims to spread the trend, CEO Bjorn Gulden said on Thursday at the company's annual shareholders' meeting in Germany. «It's important to understand that not everyone can afford to buy a shoe for 120 or 150, but everyone wants to take part in the same trends,» Gulden told investors in a presentation in Furth, near Adidas' headquarters in Herzogenaurach.

Bitcoin rebounded strongly, surpassing $65,930 and reaching a peak of $66,591 on Thursday. Softer-than-anticipated U.S. inflation data fueled this rally by increasing the likelihood of interest rate cuts and boosting investor confidence across the crypto market.

Ashok Leyland share price scaled 52-week highs of ₹207.45 on the NSE on Thursday before closing at ₹206.70 levels. Ashok Leyland share price has gained more than 28% since March Lows. Ashok Leyland share price remains momentum pick of Axis Securities who expects more than 12% gains for the stock ₹203- ₹199 remains the buy range for Ashok Leyland share as per Axis Securities.

Travel Trends 2024: Breaking Boundaries, said Indian outbound travel to Vietnam skyrocketed by 248% compared to 2019 levels, followed by the US and Japan, with growth rates of 59% and 53%, respectively. These figures, compiled for the January-March 2024 period, also indicate a significant shift in traveler preferences. The emerging trends hold promise for the travel sector, considering that India is expected to see nearly 20 million more people entering the middle class over the next five years, it added.

Shiv Chanani, Fund Manager, Baroda BNP Paribas Mutual Fund, says he would probably look for definite signs before fully committing to the IT space. Compared with largecaps, one needs to differentiate among the midcap IT companies. There will be the usual run-of-the-mill IT services companies which are probably in a smaller format of the larger ones and then there are the vertical focused companies which have their own niche and will continue to do well. The largecap IT space overall has shown anaemic growth and nothing great is coming out of the commentary as well. What is your outlook there? Also talk to us about midcap IT where numbers are good, but their valuations are not very cheap either? Shiv Chanani: IT is a pretty interesting space at this point of time where probably the entire space is going through what we call the corridor of uncertainty. So, when you look at one layer below which is the underlying customers of the IT companies, most of them which are in the US, one can perceive the kind of uncertainty that they are going through because you do not know when the rate cuts are going to be, how much of those rate cuts would actually take place.

HG Infra Engineering, an infrastructure company, have experienced a consistent upward trajectory in recent years. The company, which is engaged in Engineering, Procurement, and Construction (EPC) services, has seen its shares gain 163% in less than two years and an astounding 727% in just four years. In April, the shares recorded their largest monthly gain in three years, surging by 30%, and have continued their upward trend this month with another 14% increase so far.

Crompton Greaves Consumer Electricals Ltd. traded 0.51 per cent down at Rs 336.15 on Thursday at around 01:53PM (IST), while the benchmark BSE Sensex declined 335.06 points to 72651.97. As many as 50,695 shares changed hands on the counter with a total value of Rs 1.7 crore.

demat accounts and robust inflows into mutual funds. Millennials, in particular, are actively investing in equities, mutual funds and ETFs. This robust participation has been a key factor behind the unprecedented surge in Indian equities in recent years.

Neetu Kashiramka, MD, VIP Industries, says that while this year the margin will be 15%, next year, it is going to be 18%. A 2-3% improvement in gross margin and a lot will happen to reduce overheads which are quite high now. All the work will start to show results starting H2 of this year. What are the demand trends looking like given that there were lesser wedding dates during the quarter? Has that really impacted your numbers and would it really impact your outlook for FY25? Neetu Kashiramka: Overall for FY25, our outlook is 1-2% better than industry growth and industry is expected to grow around 12%. But yes, the first quarter where the wedding dates are less, it might be slightly slower. But it should recover in Q3 because a lot of wedding dates are scheduled to happen in the Q3 of this year.