Trends Financial News

record-setting momentum, marking its second-best March performance ever, led by brisk sales activity and robust demand despite higher mortgage rates and escalating property prices. The significance of performance is underscored by its second-place ranking, closely following March 2021, when the market received substantial support through a halving of stamp duty rates, intended to bolster business activity in the backdrop of the COVID-19 pandemic. The country’s commercial capital has witnessed the registration of over 14,145 properties during the month, up 7.5% from a year ago. Revenue collection through stamp duty charges, however, declined 8.1% to Rs 1,125 crore, according to data from the inspector general of registration in Maharashtra.

Indian economy remaining buoyant at the end of 2023-24 with Purchasing Manager's Index (PMI) for manufacturing increasing and that of services maintaining a robust trend, as per the monthly economic review by the National Council of Applied Economic Research (NCAER). The PMI for manufacturing activity increased to 56.9 in February, reflecting a strong expansionary momentum, as growth in the output of eight key infrastructure sectors rose to a three-month high of 6.7 per cent in February from 4.1 per cent in January, NCAER said in its review for March that was released on Sunday. The economic think tank added that goods and services tax (GST) collections, too, remained buoyant, reaching Rs 1.7 lakh crore in February, registering a year-on-year growth of 12.5 per cent, while collections of GST E-way bills marked an equally impressive year-on-year growth of 18.9 per cent. NCAER noted that bank credit growth remained strong at 20.5 per cent with robust growth for personal loans, services, agriculture and allied activities.

Amid a slump to a $16 billion daily trading volume, Bitcoin’s subtle uptick to $70,098 spotlights investor caution.

Every evening after she returns from work, Jiyaajit Singh, 23, sits down to indulge in her favourite ritual: talking to her plants about her day. “Holding them and talking to them lifts my mood instantly," says the Mumbai-based nutritionist and painless period coach. Singh admits to feeling surprised by this strong connection she feels towards her plants, considering she started gardening, along with her father, Taranjit Singh, 50, only in 2020.

Click here’ trend represents the “alt text" or “alternative text" section located on the left, as indicated by the diagonally pointing downward arrow which helps users annotate the photos when they upload on the microblogging platform with text. Using text-to-speech recognition and Braille language, this feature can assist those who are visually challenged in understanding the image.

Supreme Court Judge BV Nagarathna has cautioned against instances of governors sitting indefinitely on bills passed by elected legislatures, referring to the case involving the Punjab Governor. In her keynote address at the inaugural session of the fifth edition of Courts and the Constitution Conference, held at the NALSAR University of Law here on Saturday, Justice Nagarathna spoke about the Maharashtra Legislative Assembly case as another instance of gubernatorial overreach, where the governor lacked sufficient material to declare the floor test. «This is not a healthy trend under the Constitution to bring the actions or omissions of the Governor of a state for consideration before constitutional courts,» she said. «I think I must appeal that the office of a governor, though it is called a gubernatorial post, the governor's post is a serious constitutional post, the governors must discharge their duties under the constitution in accordance with the Constitution so that this kind of litigation before the law courts is reduced,» Justice Nagarathna added.

The cryptocurrency market has been tearing up recently, with top crypto coins like Bitcoin and Ethereum experiencing significant gains. But one token, often dismissed as a joke, has been making headlines with an even more impressive surge: Dogecoin (DOGE).

A measure of inflation that is closely tracked by the Federal Reserve slipped last month in a sign that price pressures continue to ease

BONK and WIF are on a volatile journey with the prospect of further corrections threatening to stagnate their journey ahead. Despite the significant market cap they gained during the recent bull run, they have little steam left. 

As Bitcoin nudges $69,935, market watchers are keen on its next move, with predictions hinting at a potential rebound above $70,000.

The upcoming debut of DOGE20 has sparked anticipation, with analysts like DonAlt suggesting Dogecoin’s price could soar to $4.

BSE Sensex ended the last day of financial year 2024 (Thursday, March 28) on a higher note with gains of about 655.04 points, or 1%, at the 73,651.35 level. During the fiscal year 2024 (FY24), the S&P BSE Sensex index has touched multiple record highs, and the market capitalisation of BSE-listed companies surpassed ₹333 lakh crore, or $4 trillion, for the first time ever in November 2023.

FPI) were net buyers in March with equity purchases worth Rs 35,098 crore. The month's performance eclipsed the lacklustre show over the previous two months, aided by strong buying trends in capital goods, automobiles, financials, telecom and real estate. In 2024, so far, FPIs have purchased domestic shares worth Rs 10,893 crore. In January they were net sellers and sold equities worth Rs 25,744 crore and followed it with purchases worth Rs 1,539 crore in February.

Indian office market continues its positive trajectory, registering a net absorption of 11.5 mn sft across top 8 cities in Q1-24, according to Cushman & Wakefield’s Q1 office data. This is the third-highest level recorded in the last five years, demonstrating a robust appetite for office space among businesses. Net absorption is a barometer of real demand or expansion of occupied space in the market. While this quarter’s net absorption was 38% lower than the exceptional Q4-2023, it was a 44% increase over Q1 2023, indicating continued space occupation by businesses. Bengaluru and Mumbai emerged as the leading markets, absorbing 3.6 mn sft and 2.5 mn sft of space, respectively. They were followed by Hyderabad at 1.6 mn sft, Delhi-NCR at 1.5 mn sft Pune at 1.3 mnsf, Ahmedabad and Kolkata at 1 mn sft, and Chennai at .8 mn sft.

Amrut Distilleries has seen investment interests from many but it has not considered to tinker with shareholding at a time when Indian single malt whiskey business is on an upswing amid a premiumisation drive in the country. Amrut has seen interests from many investors in recent times, Rakshit N. Jagdale, managing director, Amrut Distillers, told ET Online, without revealing further details. The company also hasn't considered to tap into the markets with D-Street listing as of now but the aim remains to increase exports and grab larger market share. The single malt whisky accounts for about 25% to 26% of Rs 500 crore annual turnover now and the share of this luxury category is expected to account for 35-40% of total turnover in five years, Jagdale added.

residential real estate market in India recorded robust growth in the first quarter of 2024, propelled by persistent high demand. The high-end and luxury segments made a substantial contribution to this growth, while the mid-segment retained its leadership position in terms of the sheer number of launches or shares, mentioned Cushman & Wakefield's Residential Marketbeat Report for Q1. The report indicates that the top 8 cities recorded a total of 69,000 unit launches, with Mumbai and Pune being the top contributors with 28% and 16% respectively. Hyderabad and Bangalore followed with 16% and 13%. Although the total launches declined by 7% from Q4 2023 at 74,344 units and 15% from Q1 2023 at 81,167 units, it still surpassed the average quarterly launches observed in 2022 at 67,960 units, indicating yet another positive year for the sector.

Stocks to buy now: After witnessing an impressive trend reversal in the last session of the financial year 2023-24, stock market investors are busy finding out the value picks for their portfolio in the new fiscal. As most of the Indian indices are at record high levels, investors are looking at the IT segment as the segment has remained under the sell-off heat for a long time. So, it would be prudent to know whether one should accumulate IT stocks in the new financial year 2024-25.

Suruchi Properties ₹450 crore debt from Edelweiss Special Situations Fund at 18-20%, continuing with the trend of big investments by private credit funds into the real estate sector. «Edelweiss has done two investments in the real estate side from its special situation fund ₹11,000 crore in the last week and is closing on with the next investment in a manufacturing company,» said a source. «They have invested ₹325 crore in Prateek and ₹450 crore in Suruchi Properties. Both the deals have happened at around 18-20% and Edelweiss has financed the completed, constructed and fully ready projects.»

Gold rate today: On account of three US Fed rate cut buzz in 2024, gold price finished on an exceptionally positive note in the last session of FY24. Ahead of the end of FY24, the gold futures contract on the Multi Commodity Exchange (MCX) for April 2024 expiry ended at ₹67,800 per 10 gm level after climbing to a new lifetime peak of ₹67,850 per 10 gm.

This space constraint led to the innovation of easily foldable yet sturdy cloth drying stands. These stands are lightweight, portable, easy to assemble, and have a long life. There are multiple designs, sizes, and colours available online, and therefore, we have shortlisted the best cloth drying stands under a price of 500 to help you make an informed decision.

RCB vs KKR IPL 2024: Amid a lot of buzz on social media on the rivalry between Virat Kohli and Gautam Gambhir, the two players were seen in a pleasant interaction on Friday as they shared a hug and engaged in a conversation. The netizens went crazy over the scene as they reposted the video and expressed their happiness over the ‘end’ of reported rivalries between two legends of Indian cricket. It all happened during the strategic timeout after the 16th over when the Kolkata Knight Riders (KKR) camp was on the field.