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Punjab National Bank slipped 0.62 per cent to Rs 102.6 in Monday's trade as of 11:46AM (IST). It hit a high of Rs 104.45 and low of Rs 102.5 during the session. The stock quoted a 52-week high price of Rs 142.9 and a low of Rs 67.34. The return on equity for the stock stood at 8.92 per cent. About 264,187 shares have changed hands on the counter so far.

Voltas Ltd. traded at Rs 1859.45 on BSE at 11:36AM (IST) on Monday, down 0.29 per cent from previous close. The scrip quoted a 52-week low price of Rs 806.9 and a high of Rs 1946.2.

Gen Z population, currently estimated at 37.7 crore, is reshaping the country’s consumer landscape. As more of them join the workforce, brands are scrambling to cater to this new, influential demographic that is expected to drive a substantial portion of India’s consumer spending. According to a joint report by Boston Consulting Group (BCG) and Snap Inc., Gen Z already influences a staggering 43% of household consumption, contributing $860 billion to the economy, of which $200 billion comes directly from their own earnings. Also Read: India’s ‘swipe-up’ generation set to swipe right on festive deals The report further estimates that by 2030, around 36% of India’s Gen Z will be part of the workforce, driving an impressive $730 billion in direct spending and a total of $1.4 trillion when including influenced spends. These figures make it clear why brands are working to position themselves as Gen Z favorites, as this cohort is expected to shape the future of consumer behavior in India.

Lupin Ltd. gained 0.69 per cent to Rs 2191.4 in Monday's trade as of 10:35AM (IST). It hit a high of Rs 2203.6 and low of Rs 2173.2 during the session. The stock quoted a 52-week high price of Rs 2312.0 and a low of Rs 1113.0. The return on equity for the stock stood at 13.5 per cent. About 2,097 shares have changed hands on the counter so far.

buy call on Larsen & Toubro with a target price of Rs 4,250. The current market price of Larsen & Toubro Ltd. is Rs 3576.25. Larsen & Toubro Ltd., incorporated in 1946, is a largecap company with a market cap of Rs 491945.68 crore, operating in the construction sector. Larsen & Toubro, is a key products/revenue segments include income from construction work, income from manufacturing and trading activities, other services, other operating revenue, property development, commission, service (engineering) and lease rentals for the year ending 31-Mar-2024.

JM Financial will be in focus on Monday after the company on Friday announced that the Reserve Bank of India has lifted the restrictions placed on its subsidiary, JM Financial Products Ltd, that prohibited it from engaging in any business related to funding for shares and bonds due to regulatory violations and governance issues. «We wish to inform you that the RBI, vide its letter dated October 18, 2024, has lifted the restrictions imposed by it on the company (JM Financial Products Ltd) through its order dated March 5, 2024,» JM Financial said in a regulatory filing.

Subscribe to enjoy similar stories. For all the excitement around the biggest initial public offering (IPO) in Indian history, the public response to Hyundai’s share sale was underwhelming to say the least.

Subscribe to enjoy similar stories. Quiet luxury may be having a moment globally but there was nothing quiet about the menswear showcased at the recently concluded Lakme Fashion Week in partnership with FDCI (Fashion Design Council of India). Sequinned vests, embellished trouser suits and fringed cocktail coats made their presence felt at Line Outline by Deepit Chugh and Rahul Singh.

NSE) will conduct its annual Diwali Muhurat trading session on Friday, November 1, 2024, from 6:00 PM to 7:00 PM, marking the beginning of the Hindu calendar year Samvat 2081. While the market will be shut for normal trading to mark Diwali, the special trading window will be open for just one hour in the evening. NSE said that the pre-opening session will be conducted from 5:45 pm-6:00 pm.

Indian indices rebounded from the day's lows aided by private banks to end the session in the green as they broke their three-sessions losing streak. The 30-share BSE Sensex rose 218 points, or 0.27%, to settle at 81,224, while the broader Nifty climbed 104 points, or 0.42%, to close at 24,854. Commenting on the day's action, expert Rupak De of LKP Securities said that Nifty moved up sharply after pressing a panic bottom around 24,570 when it slipped below 24,700 level. «On the hourly chart, a positive divergence is visible on the RSI (14), indicating a shift toward positive price momentum. Immediate resistance is seen at 24,900, which previously acted as support. A decisive move above 24,900 could induce a short-term rally. The trend is likely to remain strong as long as the Nifty stays above 24,750,» De said.

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IT companies—Tata Consultancy Services (TCS), Infosys, Wipro, Tech Mahindra and LTIMindtree hired more than 17,500 employees in total in the September quarter. This marked a reversal of declining headcount trend in the over $250-billion Indian IT industry after nearly seven quarters. HCLTech was the only company from the top tier to see its workforce reduce by 780 people last quarter largely due to its divestment of a joint venture with US-based State Street. India’s IT industry had shed a record more than 70,000 employees in FY24. The first quarter of this fiscal year saw a cumulative decline of 1,750 employees.

early voting process gains momentum, Democrats have taken the lead in voter turnout. A total of 46 states, along with the District of Columbia, have begun sending out mail-in ballots or have started in-person early voting. Alabama was the first to initiate this process, dispatching absentee ballots to its voters on September 11. According to TargetSmart, a data-collection firm, over 8.4 million voters have already cast their ballots as of October 18. This includes more than 4.5 million Democrats, surpassing the 3.1 million early voters from the Republican side.

Kotak Mahindra Bank reported a 5% year-on-year rise in standalone profit to Rs 3,344 crore in the quarter ended September 2024 from Rs 3,191 crore a year ago led by a 11% rise in net interest income even as margins fell and provisions for non-performing assets increased. The bank's profit was lower than the Rs 3424 crore expected by a Bloomberg poll of analysts. Profit was helped by a 11% growth in net interest income (NII), or the difference between the interest earned on loans and that paid for deposits, led by a 17% growth in advances to Rs 4.19 lakh crore as at September 2024.

Nifty remained largely on a declining trajectory, except for the last trading day where it saw some relief rally from the lower levels. Following a strong weekly decline of 1167 points two weeks ago, the Nifty has thereafter traded relatively in a lesser range but has by and large exhibited a weak bias. The trading range this time remained similar to that of the previous week; the Nifty oscillated in 644 points over the past five days. The volatility remained stagnant; the India VIX came off by 1.38% to 13.04 on a weekly basis. While continuing to find short-term pattern support, the headline index closed with a net weekly loss of 110.20 points (-0.44%). Many important levels have been tested over the past week; a few important levels need to be watched as well. The Nifty tested the 20-week MA, which currently stands at 24657. The 100-Day MA is currently at 24507. This makes the 24500-24650 a very important support zone for the index. On the other hand, the derivatives data show a maximum accumulation of Call OI in the 25000-25100 range, making these levels an immediate resistance area for the markets. This is likely to keep the markets in a capped range; if the technical rebound extends itself, it is likely to find resistance in the 25000-25100 zone. In the same breadth, markets would get weaker if the 24650-24500 zone is violated on the downside. So long as either of these ranges are not violated, expect the Nifty to oscillate back and forth in a defined range.

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interest rates right now would be hasty and potentially fraught with risk as inflation remains above target and will stay there in the near term, Reserve Bank of India (RBI) governor Shaktikanta Das said. “Inflation is moderating, with certain risks about which we have to be very vigilant,” Das said at an event organised by Bloomberg on Friday. “Therefore, a rate cut at this stage will be very premature and can be very, very risky. When your inflation is 5.5% and the next print is also expected to be high, you can’t be cutting rates at that point.” India’s retail inflation rose to a nine-month high of 5.49% in September, driven by a rise in food prices.

Subscribe to enjoy similar stories. New Delhi: The Indian government is considering a safeguard duty on steel imports to curb the influx of cheap steel into the country and protect the domestic industry. Imported steel, especially from China, costs about 30% less than domestic steel even with customs duty factored in, according to industry estimates.

STOXX 600 ended higher on Friday, as tech stocks made a strong comeback at the end of a bumpy week, while the European Central Bank's rate cut and a flurry of corporate earnings helped the index deliver a second straight week of gains. The STOXX 600 closed up 0.2% as the tech sector led gains with a 2% jump.

Piyush Goyal said on Friday that India’s self-confidence and courage of conviction are vital for asserting its global position. «This belief empowers the nation to take bold actions, enabling it to tackle challenges and seize opportunities on the international stage,» Goyal said at the 13th SHRM India Annual Conference 2024. «India is emerging as a powerful and rapidly growing economy and this transformation showcases the nation's resilience and innovation, positioning it as a leader in global economic growth,» Goyal added.