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Nifty is facing downward pressure, and a drop below 21,950 is expected to initiate a sell-off towards 21,770, said technical analysts. However, the FII long-short ratio in the index futures stood at around 32%, suggesting that the markets might be nearing oversold territory. Analysts said if the Nifty closes above 22,150, it could present a buying opportunity. Some short-term trading recommendations include SBI, HUL, TCS, Emami, GMR Airports, Fiem Industries, Vinati Organics, and Astral. KAPIL SHAH TECHNICAL ANALYST, EMKAY GLOBAL FINANCIAL SERVICES

Restaurants of all formats — from fine dining to casual dining and food aggregator platforms — saw a record number of diners on Mother's Day surpassing the bookings typically seen on New Year's Eve, Valentine's Day and even on regular Sundays,multiple restaurant owners told ET . EazyDiner, a table discovery, reservation, and payment platform that has over 15,000 restaurants listed on it, corroborated the trend. Kapil Chopra, founder, EazyDiner, said the bookings on its platform for May 12 were more than double of what it was last year-which was also a Sunday. The lunch and dinner bookings on the app were up 62% and 198%, respectively, he said, which pulled up the average occupancy across the restaurants to 92%. «Overall, it's an absolutely crazy day. It's 50% higher than New Year's Eve for us. It's a great day for Indians eating out in food and beverage,» Chopra told ET. The maximum growth this year is in Bengaluru, followed by Mumbai and Delhi, he said.

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Hardeep Singh Nijjar, Global News has learned.Amandeep Singh, 22, is the fourth suspect charged so far with Nijjar’s killing, which Prime Minister Justin Trudeau has linked to the Indian government.The resident of Brampton, Ont. was charged with first-degree murder and conspiracy to commit murder.

market capitalisation of listed PSUs coincides with GoI's efforts to revive the economy post-Covid through capex. For most of the decade leading up to the pandemic, PSUs were losing valuation, relative to their earnings, as investors chased fancier private companies. Two things changed after Covid.

palla. With our Insta reels overflowing with celebrities wearing the sari in their own individual style on ramps and at red carpet events, the garment continues to appeal to all generations, including those in their 20s. Earlier this week, actor Alia Bhatt wore a Sabyasachi sari to the Met Gala in New York.

The recent Bitcoin halving is expected to resurrect the cryptocurrency market, making memecoins a hot topic yet again. It has been seen in the past that after the process of halving, top meme coins do really well. So, investors start looking for the best ones right after any such event that can induce a bull run.

Indian stock market: On the daily chart, the index has broken down from the rising channel, indicating a rise in bearish sentiment. The trend is likely to remain weak in the near term, with resistance noted at 22,200. As long as the Nifty remains below this level, a strategy of selling on rallies may be favorable for traders.

equity indices closed higher on Friday, but logged their worst week in eight as concerns over the outcome of ongoing national elections and selling by foreign investors weighed on sentiment. The bluechip NSE Nifty 50 was up 0.44% at 22,055 points, while the S&P BSE Sensex advanced 0.36% to 72,664, at the close.

investors. The shares of Indegene will list on the exchanges on Monday and the unlisted market trends indicate robust listing gains for allotted investors.

rally, Paytm shares remain in the sell-on-rise category as selling is expected at higher levels, says Rupak De, Senior Technical Analyst at LKP Securities. “Therefore, sellers might return at those higher levels. On the other hand, a short-term trader might consider buying this stock with a stop loss at Rs 334 for an upside target of Rs 368/390,” he says.

Akshaya Tritiya is considered as an auspicious day symbolizing prosperity and good luck. It is said that an investment made on this day gives favorable returns, thus making it popular for buying gold and other precious assets.

₹1,73,097.59 crore. This trend was largely influenced by weak equities, as indicated by the BSE benchmark plummeting by 1,213.68 points or 1.64 percent during the same period. HDFC Bank experienced the most significant setback, with its market valuation plunging by ₹60,678.26 crore to ₹10,93,026.58 crore.

Also read | Thank the productivity paradox: AI isn’t the job killer it’s feared to be To some extent, this explains how HCL Tech bucked the trend. Its revenue growth outpaced that of Infosys and Wipro in all four quarters of the previous fiscal year, while it beat that of TCS in two quarter, and nearly equalled it in one. TCS’s human resources head said the company has been “focusing more on utilising the capacity that we have built over the prior years".

gold loan market for raising funds, said CA Krishnan R, director & CEO of Unimoni Financial Services. «Though our major customers are farmers who avail loans during harvest season and close the loan when the harvesting season is over. We also have customers from retail traders, salaried middle class, self-employed and micro enterprises. Individual consumers are increasingly opting for gold loans to meet their needs, i.e. education, weddings, and medical expenses. Small businesses too have been showing increased interest in gold loans, as a secure means of raising working capital,» Krishnan said. He said that the upward trend in gold prices is also makes lenders’ portfolios safer because they can keep good loan-to-value ratios. Also, there has always been an affection for owning gold as part of our culture and coupled with increasing accessibility to gold loan services, sustains demand across diverse demographic segments. Additionally, going digital streamlines loan processes making them convenient besides reducing lenders’ operational costs while at it. All these reasons make India have a very strong gold loan market.

consumer goods manufacturers said demand for necessities has bucked the uncertain trend that's typical in an election season, growing at a record pace. However, retailers said the seven-phase, April 19-June 1 polls with voting days around weekends has led to some disruptions despite the solid recovery in March and April. The heatwave, early summer vacations and political rallies have boosted sales of cooling appliances as well as out-of-home consumption of small packs of biscuits, juices and snacks, apart from packaged water, an absolute necessity. AC maker Blue Star managing director B Thiagarajan said on its earnings call last week that it can be difficult to anticipate demand during an election season. From the fourth week of March, there was a surge in demand and AC sales shot up 70-90% in April from the year earlier. Leading biscuit maker Parle Products senior category head B Krishna Rao told ET there has been a 15-18% jump in sales of Rs 5 and Rs 10 packs of biscuits and snacks since April due to higher out-of-home consumption led by political rallies.

cybersecurity talent. Amid data breaches, progressive regulatory expectations and introduction of generative artificial intelligence platforms making security controls and processes vulnerable, companies are beefing up their cybersecurity teams across levels. They are hiring experts in threat intelligence, security operations, incident response, cloud security, network security, data archival and compliance, among other areas.

Erik Voorhees, the founder of popular cryptocurrency exchange ShapeShift, has unveiled his latest venture called “Venice AI.”

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3P Land Holdings, Advanced Enzyme Technologies, APL Apollo Tubes, ATV Projects India, Banswara Syntex, Bridge Securities, CCL Products (India), Control Print, Dharani Finance, DJ Mediaprint & Logistics, D-Link (India), Dolphin Offshore Enterprises (India), Gayatri Bioorganics, Gold Coin Health Foods, Gujarat Containers, Hi-Tech Pipes and India Tourism Development Corporation will release their Q4 results today. Jaiprakash Associates, Meghmani Organics, Panchmahal Steel, Progrex Ventures, RAS Resorts & Apart Hotels, Shalimar Agencies, Scan Steels, Sheetal Cool Products, Siyaram Silk Mills, Savita Oil Technologies, TVS Srichakra and Vishwaraj Sugar Industries are also among 29 companies scheduled to post their Q4FY24 earnings on May 11.

trend in the week gone by as valuation concerns clouded the already uncertain outlook that was prevailing due to general elections. The downtrend was particularly visible in the broader market, where both the BSE mid- and small-cap indices lost nearly 4% each.