UPS Financial News

several chemical stocks are still 10-33% away from hitting their 52-week high, which is indicative of the potential upside. "The chemical sector appears to be at the bottom of the cycle, indicating potential recovery ahead," said Resham Jain, fund manager at DSP Mutual Fund.

It’s not just the political class. America’s fleet of cars and trucks is also getting long in the tooth. Last month a study by S&P Global Mobility reported the average age of vehicles in the U.S.

loan-to-value (LTV) for gold has increased by nearly 20% in the last one year. Gold LTV, which was hovering around ₹4170 per gram during the last week of May, has zoomed to about ₹5000 per gram now, data with the Association of Gold Loan Companies (AGLOC) India showed.Simply put, a sovereign of 22-carat gold (8 grams) would get you a loan amount of about ₹40000 now compared to around ₹33300 a year ago.

RIVNE, Ukraine—After Russia’s full-scale military invasion, Ukraine abruptly stopped buying nuclear fuel from Moscow, its top supplier in an industry that accounted for more than half of the country’s electricity generation. Now, a storied name in American industry is stepping in to keep reactors running, and offering other countries reliant on Soviet-designed power plants an alternative supplier. Westinghouse Electric, which for two decades struggled to challenge Russia’s dominant position in Ukraine, now makes fuel bundles that are compatible with all of the country’s reactors and is working on a plan that could allow Ukraine to start making some of that fuel itself.

Mutual fund investors, who were looking to buy the dip as the stock market crashed on Tuesday amid election results, were disappointed as a "technical glitch" delayed execution and they were allotted NAVs the next day.

Godrej Consumer Products Ltd. traded 2.59 per cent up at Rs 1439.0 at 12:02PM (IST) on Friday, even as BSE benchmark Sensex gained 1318.43 points to 76392.94. The scrip had closed at Rs 1402.65 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 1467.3 and Rs 959.55, respectively.

Pidilite Industries Ltd. traded at Rs 3103.5 on BSE at 11:51AM (IST) on Friday, up 0.44 per cent from previous close. The stock quoted a 52-week low price of Rs 2293.1 and a high of Rs 3232.3.

Au Small Finance Bank Ltd. traded 0.43 per cent up at Rs 663.9 at 11:56AM (IST) on Friday, even as BSE benchmark Sensex gained 1337.55 points to 76412.06. The scrip had settled at Rs 661.0 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 813.0 and Rs 554.0, respectively.

Mumbai: The monsoon marked its arrival in Maharashtra on June 6, by entering the southern Konkan region, said DDG of the Regional Meteorological Centre of Mumbai

Reserve Bank of India (RBI) Friday maintained policy interest rates and its monetary stance for the eighth straight review meeting amid concerns of a likely spike in food prices, but the cracks in the Monetary Policy Committee widened in favour of easier money. It surprisingly raised the FY25 growth forecast, sending equity indices higher.

Stocks in rate-sensitive sectors such as banking, finance, auto, and real estate soared by as much as 8% following the RBI's decision to maintain the interest rate unchanged.

Ibrahim Ali, who faces a life term for the 2017 killing.But Ali, who was appearing in B.C. Supreme Court by video link, refused to pick up the phone to listen to his interpreter, prompting a long exchange with Judge Lance Bernard who asked for an explanation.Ali told Bernard in broken English that listening to the girl’s father was “a no from me,” saying he “did not kill” the man’s daughter and was not in Burnaby’s Central Park the day she was murdered.Ali’s DNA matched semen found in the body of the girl, who can’t be named because of a publication ban.A jury took less than 24 hours to find Ali guilty of first-degree murder at the end of his eight-month trial last December.The conviction carries a mandatory life term with no chance of parole for 25 years.Ali was wearing an orange sweat suit and black gloves at Thursday’s hearing and could be seen at times pacing or picking his teeth.Before testing the father’s video, the court discussed plans for Friday’s sentencing hearing, and the Crown summarized the post-release restrictions they will be seeking.At that point, Ali interjected through his interpreter, saying: “Tell the judge now, tell the judge now, I didn’t kill that girl and I didn’t walk into that park.”The judge then instructed the interpreter not to interject on behalf of Ali.

«The situation was never as good in the Indian aviation market as it is today because there are effectively only two large players, Vistara Air India combined and InterGlobe Aviation,» says Sandip Sabharwal, asksandipsabharwal.com. Let us get stock specific then and get in your take on the entire chemical sector, brokerages are of the view that it is still not out of the woods, in fact they have cut the target price of most of the companies like SRF, Tata Chemicals, Navin Fluorine. What is your outlook? On the chemical side there is still huge overcapacity, largely prices are under pressure, so obviously when prices fall a lot there is some upswing but given the huge oversupply position and the demand supply mismatch and the fact that many of these companies have added significant capacity over the last one or two years and are in the process of adding more capacity, so what this will do is that this will create diseconomies of scale so because of huge capex and low prices and as the plants become commercialised you will have interest costs, etc, also coming into your P&L.

Bandhan Bank Ltd.(up 2.48 per cent), Federal Bank Ltd.(up 1.37 per cent), ICICI Bank Ltd.(up 1.03 per cent), Axis Bank Ltd.(up 0.82 per cent) and Punjab National Bank(up 0.77 per cent) were among the top gainers.

The NSE Nifty index traded 246.55 points up at 23067.95, while BSE Sensex was up 845.8 points at 75920.31 as of 11:20AM(IST)on June 07.

Governor Shaktikanta Das declared the central bank's latest monetary policy decision. He emphasized that the RBI does not follow overseas policies blindly but adapts to local economic conditions, likening it to playing cricket according to the local weather and pitch conditions.

Reserve Bank of India (RBI) follows the US Federal Reserve System, the governor has emphasized on the central bank's independence from global influences.

Nagarjuna Fertilizers and Chemicals Ltd.(up 9.71%), Aries Agro Ltd.(up 3.22%), Madras Fertilizers Ltd.(up 3.03%), Southern Petrochemicals Industries Corporation Ltd.(up 3.02%), Mangalore Chemicals & Fertilizers Ltd.(up 2.17%), Krishana Phoschem Ltd.(up 2.15%), Zuari Agro Chemicals Ltd.(up 2.04%), Rashtriya Chemicals & Fertilizers Ltd.(up 1.77%), Madhya Bharat Agro Products Ltd.(up 1.58%) and National Fertilizers Ltd.(up 1.42%) were among the top gainers.

gold in the last one week has been 0.44% .whereas in the last month it has been -1.22%.The cost of silver is Rs.90680.0 per kg up by Rs.1970.0 per kg. Gold Price Today in Delhi is ₹75085.0/10 grams. Yesterday’s Gold Price on 06-06-2024 was ₹74200.0/10 grams.

RBI Monetary Policy LIVE UpdatesThe recent Lok Sabha elections have further bolstered economic sentiment, enhancing investor confidence through political stability and consistent economic policies.RBI Governor Shaktikanta Das recently announced this fiscal year's second bi-monthly monetary policy, stating that the Monetary Policy Committee (MPC) has opted to maintain the repo rate at 6.5 percent.He noted that the MPC will closely monitor elevated food inflation, especially considering the anticipated normal monsoon.Additionally, the RBI revised its growth forecast for the current fiscal year to 7.2 per cent, up from the previous estimate of 7 per cent.The government has directed the RBI to aim for CPI inflation of 4 percent with a deviation allowance of 2 percent on either side.The cycle of rate increases, which saw six consecutive hikes totalling 250 basis points since May 2022, was halted in April last year.Milestone Alert! Livemint tops charts as the fastest growing news website in the world