UPS Financial News

Bank Nifty was up by 281.35(0.57%) at 07 Jun 2024 10:44:58 IST.Other stocks such as Compuage Infocom, Future Supply Chain Solutions, Morarjee Textiles, Ambica Agarbathies & Aroma, Secur Credentials hit their fresh 52 wk lows today.

Avenue Supermarts Ltd. gained 0.69 per cent to Rs 4716.25 at 11:06AM (IST) in Friday's trade. The scrip hit a high of Rs 4802.35 and low of Rs 4688.05 so far during the session. The stock had closed at Rs 4683.8 in the previous session. The counter had a total traded volume of 11:06AM shares so far with a turnover of Rs 2.3 crore on BSE. The stock traded at a price-to-earnings multiple of 121.6 and a price-to-book ratio of 15.76.

KM Sugar Mills Ltd.(up 7.63%), Magadh Sugar & Energy Ltd.(up 6.51%), Ponni Sugars(Erode)Ltd.(up 6.08%), Rajshree Sugars & Chemicals Ltd.(up 6.03%), KCP Sugar & Industries Corporation Ltd.(up 5.34%), Bajaj Hindusthan Sugar Ltd.(up 4.96%), Dhampur Sugar Mills Ltd.(up 4.92%), Uttam Sugar Mills Ltd.(up 4.88%), Shree Renuka Sugars Ltd.(up 4.67%) and Sakthi Sugars Ltd.(up 4.63%) were among the top gainers.

RBI) Governor, Shaktikanta Das, on Friday announced establishing a digital payments intelligence platform owing to recent surge in bank, digital frauds.

Reserve Bank of India has seen some moderation in certain loans and advances after it flagged concerns around unsecured retail lending in November, Governor Shaktikanta Das said on Friday. It also said that banks must maintain a prudent balance between assets and liabilities.

Lupin Ltd. traded 2.52 per cent up in Friday's trade at 11:00AM (IST). Around 13,857 shares changed hands on the counter. The scrip opened at Rs 1622.15 and touched an intraday high and low of Rs 1649.95 and Rs 1617.95, respectively, in the session so far. The stock of Lupin Ltd. quoted a 52-week high of Rs 1727.9 and a 52-week low of Rs 805.4.

Apollo Tyres Ltd.(up 2.17 per cent), Balkrishna Industries Ltd.(up 2.04 per cent), Samvardhana Motherson International Ltd.(up 1.91 per cent), Bharat Forge Ltd.(up 1.29 per cent) and Ashok Leyland Ltd.(up 1.22 per cent) were among the top gainers.

digital payments frauds, the Reserve Bank of India (RBI) has proposed to set up a digital payments intelligence platform. RBI Governor Shaktikanta Das announced on June 7, 2024, «The Reserve Bank has taken a number of measures over the years to deepen digital payments while ensuring their safety and security.

The NSE Nifty index was trading 220.0 points up at 23041.4, while BSE Sensex was up 742.85 points at 75817.36 at the time of writing this report.

Bajaj Holdings & Investment Ltd. traded 2.22 per cent higher in Friday's session at 10:45AM (IST). The stock opened at Rs 8119.85 and has touched an intraday high and low of Rs 8340.0 and Rs 8119.85, respectively, during the session so far. The stock quoted a 52-week high of Rs 9355.0 and a 52-week low of 6634.6. About 2,004 shares changed hands on the counter so far.

Adani Power Ltd. rose 1.06 per cent to Rs 757.15 in Friday's trade as of 10:55AM (IST) even as the benchmark Nifty ruled at 23036.45, up 215.05 points. The scrip had closed at Rs 749.2 in the previous session. The stock quoted a 52-week low of Rs 230.95 and a high of Rs 896.75. The company quoted a market-cap of Rs 288074.77 crore on the BSE.

Domestic benchmark index NSE Nifty gained 210.8 points to 23032.2, while the BSE Sensex traded 701.86 points up at 75776.37.

Natco Pharma Ltd.(up 3.72 per cent), Lupin Ltd.(up 1.87 per cent), Granules India Ltd.(up 1.3 per cent), Alkem Laboratories Ltd.(up 1.25 per cent) and Dr. Reddy's Laboratories Ltd.(up 1.05 per cent) were among the top gainers.

Pokarna Ltd.(up 5.25%), Sandur Manganese & Iron Ores Ltd.(up 2.77%), NMDC Ltd.(up 2.21%), Madhav Marbles & Granites Ltd.(up 1.76%), Ashapura Minechem Ltd.(up 1.69%), Lexus Granito(India)Ltd.(up 1.67%), Oriental Trimex Ltd.(up 1.51%), The Orissa Minerals Development Company Ltd.(up 0.85%), Aro Granite Industries Ltd.(up 0.57%) and Gujarat Mineral Development Corporation Ltd.(up 0.18%) were among the top gainers.

Benchmark NSE Nifty index rose 111.55 points to 22932.95 amid buying in frontline bluechip stocks.

stock market has been quite volatile following the poll verdict. Many investors are panicking and unsure about their investments. ETMarkets spoke to Feroze Azeez, Deputy CEO, Anand Rathi Wealth Ltd to understand more about how long-term investors should go ahead from now on and whether the current market correction is a matter of concern. Excerpts: What’syour advice for long-term investors at this juncture? The market's reaction has been quite volatile due to the exit polls. From a trader's perspective, it's been a seesaw. For investors, it’s important to remember that markets typically fall 10% from the peak twice a year. The recent market drop is within this range, so it’s not catastrophic. The good news is that a 20-25% correction isn't expected, unlike major events like the COVID-19 fall. Despite today's volatility, long-term growth prospects remain strong, with expected returns of 11-12% per year over the next five years. Should investors book profits now, especially in small, mid, and large caps? The domestic momentum of inflow is not coming just out of sentiment, it is coming out of education. In 2013, SEBI started investor education, a lot of money is being spent on this. So, this 20,000 crore SIP is not subject to this kind of a small dampening in sentiment, so that is great news. So, will I book profits as an investor? The answer is no. Because if the market goes down 5%, 7%, 10%, it is sure to come back. But if it goes up, it is not sure to come down because the gravity of the market is upwards unlike the earth where the gravity is downwards, I will not bet against the gravity for sure. And the momentum of domestic institutional buying will continue as long as the SIP continues. See, what has happened over

Vedanta Ltd. traded at Rs 456.7 on BSE at 10:20AM (IST) on Friday, up 1.38 per cent from previous close. The stock quoted a 52-week low price of Rs 207.85 and a high of Rs 506.85.

Tube Investments of India Ltd. rose 2.04 per cent to Rs 3940.6 at 10:25AM hours (IST) on Friday. Earlier in the day, the stock saw a gap down start to the session. As per data available on BSE, total traded quantity on the counter stood at 3,233 shares with a turnover of Rs 1.27 crore till 10:25AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 62.2, while the price-to-book value ratio stood at 14.15.

Wipro, Mphasis and Coforge and Persistent Systems were almost 4 per cent, while those of Infosys, Tech Mahindra, HCL Tech and TCS were up 1-2 per cent at that time.The IT pack has been in the green for the last three consecutive sessions. On June 5, the index jumped 2.39 per cent, and on June 6, it gained 2.83 per cent.Experts say most IT stocks are gaining as investors rotate money and play defensive due to the uncertainty surrounding the new government formation."Most market participants are trying to be defensive because of uncertainty on the government formation front.

₹198, which is 110.64% higher than the issue price of ₹94.TBI Corn IPO subscriptions commenced on Friday, May 31, and concluded on Tuesday, June 4. The issue's price band was set at ₹90-94 per share.

₹995.30 apiece on BSE, the stock touched an intraday high of ₹1,064.85, and an intraday low of ₹981.30. On Thursday, Uno Minda's share price shot up by 19% in the intraday session, setting a new lifetime high of ₹1,025, exceeding the ₹1,000-mark for the first time.