UPS Financial News

«The economy right now has buffers to offset some of the global headwinds that could take place. And from here we do see economy slowing a bit because the central bank has been raising rates and the purpose behind raising rates is to tame inflation and the route to taming inflation is via growth,» says DK Joshi, Chief Economist, CRISIL. Just wanted to get in your take as to what, according to you, have been some of the key highlights, especially when it comes to the overall GDP growth at 8.2% under her tenure and how do you see that now given that there is stability, there is continuity with Nirmala Sitharaman at the helm? Well, the economy has done much better than expected. The GDP growth from the first advance estimates till the provisional estimates got revised from 7.3% to 8.2%. It is not only the GDP, the other factors such as the sustainability of this growth, it critically hinges on the infrastructure build-out that government has carried out. One of the key factors behind growth has been investment. Consumption is relatively weak, which we expect will pick up in 2024-2025 as the monsoons become normal. So, the supply side of the economy has got focus in the last five years and that is creating an upside potential to the economy.

As of 12:16 am IST, Bitcoin was trading 0.5% lower at $67,337, while Ethereum dropped 0.9% to $3,519. Concurrently, the global cryptocurrency market cap also saw a 0.65% decline, hovering around $2.45 trillion in the last 24 hours.

In Wednesday’s trading session, the following five stocks witnessed a build of fresh long positions. Let us first understand how this conclusion is reached that whether the stock has seen a buildup of a fresh long position or not. When the stock prices move up and open interest on the counter also moves upward, it is taken as a sign of a long buildup. The signal is considered more reliable if the volume on the counter has also seen an increase.

Havells India Ltd. dropped 0.21 per cent to Rs 1829.2 at 01:49PM (IST) in Wednesday's trade. The scrip hit a high of Rs 1839.0 and low of Rs 1820.0 so far during the session. The stock had closed at Rs 1833.1 in the previous session. The counter had a total traded volume of 01:49PM shares so far with a turnover of Rs 2.88 crore on BSE. The stock traded at a price-to-earnings multiple of 90.69 and a price-to-book ratio of 12.75.

United Spirits Ltd. dropped 1.93 per cent to Rs 1290.5 at 02:04PM (IST) in Wednesday's trade. The stock hit a high of Rs 1322.6 and low of Rs 1290.0 so far during the session. The stock had closed at Rs 1316.0 in the previous session. The counter had a total traded volume of 02:04PM shares so far with a turnover of Rs 1.76 crore on BSE. The stock traded at a price-to-earnings multiple of 68.36 and a price-to-book ratio of 11.55.

An extreme weather phenomenon known as the dzud has killed more than 7.1 million animals in Mongolia, endangering herders' livelihoods and way of life

More than half of Americans can’t afford to buy a home because of high mortgage rates and low supply of housing. Some developers are cashing in on a solution to this problem; build-to-rent homes.

Also Read: Stock market today: Nifty 50, Sensex end flat; midcaps, smallcaps continue their outperformanceNifty 50 has recovered its election result day losses and is consolidating above the result day’s high. On hourly charts, Nifty 50 is trying to form a cup and handle pattern on which dips towards 23,000 and is likely to get bought into for an upside target of 23,500 / 23,800.

Market LIVE Updates hereWhen asked to elaborate on why he doesn't like firing people, Huang told The Transcript that he "would rather improve you than give up on you"."When you fire somebody, you're saying, a lot of people say: 'it wasn't your fault', or 'I made the wrong choice', or 'there are very few jobs'. Look, I used to clean bathrooms, and now I'm the CEO of a company. I think you can learn it.

₹53 crore for the quarter ending March 31, 2024, increasing 104% from ₹26 crore in the previous year. The gross written premium for the reporting quarter was ₹2,336 crore, an increase from ₹1,955 crore in Q4FY23.

₹150 apiece at a premium of 24 per cent against its issue price of ₹121. Sattrix Information share price was listed at a premium following a stellar subscription to the Sattrix Information IPO.The stock extended its gains further and traded at ₹152 apiece around 10:30 am.

Bank Nifty was up by 510.2(1.03%) at 12 Jun 2024 10:44:58 IST.Other stocks such as Sanginita Chemicals, Ascom Leasing & Investments, Shubhlaxmi Jewel Art, POPULAR VEHICLES AND SERVICES ORD hit their fresh 52 wk lows today.

gold in the last one week has been 0.0% .whereas in the last month it has been 0.05%.The cost of silver is Rs.87880.0 per kg down by Rs.1230.0 per kg. Gold Price Today in Delhi is ₹72802.0/10 grams. Yesterday’s Gold Price on 11-06-2024 was ₹73567.0/10 grams.

India Shelter Finance Corporation with a target price of Rs 800. The current market price of India Shelter Finance Corporation Ltd. is Rs 652. India Shelter Finance Corporation Ltd., incorporated in the year 1998, is a Small Cap company (having a market cap of Rs 6965.82 Crore) operating in NBFC sector.

Tata Motors with a target price of Rs 1200. The current market price of Tata Motors Ltd. is Rs 1003.9. Tata Motors Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 328086.28 Crore) operating in Auto sector.

mutual fund scheme declares its net asset value (NAV) at the end of each working day. The NAV is updated daily at 11 pm for all schemes, except for fund of funds, which are updated at 10 am the next day and displayed on websites of the fund house, AMFI, and investment platforms.

Tata Motors Ltd.(up 1.6 per cent), Bharat Forge Ltd.(up 1.52 per cent), Tata Motors Ltd.(up 1.42 per cent), Exide Industries Ltd.(up 1.06 per cent) and Ashok Leyland Ltd.(up 0.85 per cent) were among the top gainers.

The death of a rare white grizzly bear in Yoho National Park, just two days after her cubs died, has sent a rippling sadness across the wildlife community.

GAIL (India) Ltd. gained 2.25 per cent to Rs 217.6 in Wednesday's trade as of 10:15AM (IST). It hit a high of Rs 220.2 and low of Rs 214.5 during the session. The stock quoted a 52-week high price of Rs 233.0 and a low of Rs 103.2. The return on equity for the stock stood at 12.85 per cent. About 660,496 shares have changed hands on the counter so far.

Coal India with a target price of Rs 545. The current market price of Coal India Ltd. is Rs 484.7. Coal India Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 293561.56 Crore) operating in Mining sector.