UPS Financial News

Gold rose on Friday but was set for its first weekly drop in three weeks, as investors lowered expectations of a U.S. interest rate cut after the Federal Reserve's latest meeting indicated that there would be a delay in monetary policy easing. FUNDAMENTALS

Sensex jumped 1,196.98 points, or 1.61%, to close at 22,967.65, while the Nifty 50 settled 369.85 points, or 1.64%, higher at 75,418.04.“We expect this positive momentum to continue on the back of an improving political environment, continued short covering by FIIs, and strong domestic macros. Sectors like Defence, Banking, and Railways are expected to remain in focus," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.Here are key global market cues for Sensex today:Asian markets traded lower on Friday tracking overnight losses on Wall Street.

Sensex jumped 1,196.98 points, or 1.61%, to close at 22,967.65, while the Nifty 50 settled 369.85 points, or 1.64%, higher at 75,418.04.Nifty 50 formed a long bullish candlestick pattern on the daily charts, signaling strong buying interest.Also Read: Indian stock market: 8 key things that changed for market overnight - Gift Nifty to Nvidia share price rally“The 20-period moving average (MA) remains above the 50-period MA indicating that the positive MA crossover is intact. This augurs well for the near-term uptrend to continue.

The room on the roof is my sanctuary, my escape from the world. — The Room on the Roof, Ruskin Bond It’s been almost 70 years since The Room on the Roof, a coming-of-age story about Rusty, a lonely young Anglo-Indian boy, was first published. In those seven decades, its author Ruskin Bond has himself become a sort of sanctuary for generations of Indians, their place of escape from the world. It’s a place of whistling night trains, whispering deodar trees and wistful ghosts.

Tata Consultancy Services (TCS), India’s second-largest company by market value, believes realising the full potential of generative artificial intelligence (GenAI) will require more time, although the global technology services major has begun to see sufficient traction in this revenue stream. “Customers are actively seeking proof of concepts (POCs) to explore the efficiencies offered by Gen AI in application development, maintenance, and deployment automation,” Siva Ganesan, head, TCS’ AI.Cloud business unit, told ET. “However, realizing the full potential of Gen AI will require time, as enterprises and society grapple with various challenges.”

Axis Bank and Canara Bank appear to be relative stragglers in a comparative statistical study on the reasonableness of service charges, with several new-age and small-finance lenders populating the upper quartiles on this 25-strong list of financiers. IDFC First Bank, Bandhan Bank and AU Small Finance Bank are better placed on this metric, according to a study by a statistics expert from IIT Bombay.

Dividend stocks: Shares of Vedanta Limited, Tata Consumer Products Ltd, QGO Finance Ltd, Bharat Dynamics, and Som Distilleries & Breweries Ltd will be in focus when the stock market opens on May 24 (Friday).The boards of Directors of these companies have declared interim dividends, final dividends, and stock splits for their eligible shareholders. These companies have fixed May 24 as the record date to ascertain the eligibility of shareholders for their respective issues.ALSO READ: Multibagger: HBL Power Systems stock soared 1254% in 3 years, jumped over 5360% in a decadeVedanta: The company has declared an interim dividend of ₹11.00 per equity share.In a stock exchange filing, Vedanta said the Board of Directors declared “First Interim Dividend of ₹ 11/- per equity share on the face value of ₹ 1/- per equity share for the Financial Year 2024-25 amounting to c.

India's electronics, pharma, engineering goods exports beat global trade slowdown during FY24 Meanwhile, RTE imports have grown marginally, from $304.96 million in FY2019 to $360.37 million in FY24. The FY24 figure marks a fall in imports of 13.6% from the previous fiscal year. “Reduction in imports indicates changing domestic consumption patterns, and increased local production," Srivastava said.

NEW DELHI : India's top eight auditors will be inspected and the financial statements of up to 60 of their clients vetted this year, as the national audit watchdog widens efforts to enhance audit quality countrywide. The National Financial Reporting Authority (NFRA) which last year inspected five auditors, involving audit reports of 24 clients, is planning to expand the exercise, a person informed about the development said. “This year, inspections would be done on eight audit firms and in the case of audit firms inspected last year, audit documentation of a different set of audit clients will be examined.

F&O ban list: Eleven stocks have been banned for trade on Friday, May 24, 2024, under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as they crossed 95% of the market-wide position limit (MWPL), according to the NSE.However, these stocks will be available for trading in the cash market.ALSO READ: Multibagger: HBL Power Systems stock soared 1254% in 3 years, jumped over 5360% in a decadeF&O ban list todayAditya Birla Capital, Balrampur Chini Mills, Bandhan Bank, Hindustan Copper, IEX, India Cements, Metropolis Healthcare, National Aluminium, Piramal Enterprises, PNB, and ZEEL are the 11 stocks in the NSE's F&O ban list for May 24.The NSE updates the list of securities in the F&O ban for trade every day.The National Stock Exchange (NSE) said the derivative contracts in the mentioned securities have crossed 95% of the market-wide position limit and have been currently placed in the ban period by the stock exchange.ALSO READ: IT Sector Q4 Review: Axis recommends buying Persistent, KPIT after March quarter results“It is hereby informed that all clients/members shall trade in the derivative contracts of said security only to decrease their positions through offsetting positions.

A book presentation about neoclassical economic theory may not sound like a crowd-pleaser

State lawmakers first attempts at regulating discrimination from artificial intelligence have floundered in states across the country

It’s typical if not expected in the broad financial advice industry for the firm, usually a broker-dealer, to fight with a financial advisor over his or her clients, known as the advisors’ book of business, when the advisor bolts to exit and work at another firm or set up shop independently.

Americans got their household finances in order during the COVID recession, thanks to billions and billions of dollars in government support. By shoveling out all that relief, however, good old Uncle Sam saw his balance sheet substantially deteriorate.

game of Warner Bros. Games and Player First Games that ended its open beta last year is set to return with its first season of new content. After two full seasons of new content and characters gave the appearance that it has already moved into its full release, the announcement is coming as a surprise to many. The game features a diverse character set up with some added characters like Joker and Jason Voorhees, according to a ScreenRant report.

Beetlejuice Beetlejuice' is back and is ready to take revenge after more than 36 years. The trailer that has been released reveals Michael Keaton’s bio-exorcist is back with his exorcism. The director is Tim Burton and the scriptwriters are Alfred Gough and Miles Millar. It also witnesses the return of most of the characters. They are Winona Ryder, Catherine O’Hara and Delia Deetz. There will be some new characters including Jenna Ortega as Astrid Deetz, Justin Theroux, Monica Bellucci and Willem Dafoe. Storyline, cast and more

Steven Spielberg is currently working on an epic project that will be backed by Universal Pictures for a 2026 summer release. The ace director known for his infinite success in the commercial Hollywood arena, will reunite with known faces for this project, according to a 'Variety' report. This includes David Koepp, who has previously worked with Spielberg on a variety of films, including the likes of “Jurassic Park,” “War of the Worlds” and “Indiana Jones and the Kingdom of the Crystal Skull." Now that Koepp has undertaken the creative aspect, Kristie Macosko Krieger is taking up the onus of being the producer of this film.

Wild Cards' has been renewed for a second season, to the delight of fans. The show, which airs on The CW and CBC, has garnered a strong following, making its renewal a natural choice for the networks.

spinoff is still “a while away”. Executive Producers Gael Garcia Bernal and Diego Luna are busy engaging writers to come up with a storyline. Why was it delayed?

Eddie Murphy is back in action in the full trailer for Netflix's upcoming sequel, "Beverly Hills Cop: Axel F," directed by Mark Molloy and set to premiere on July 3. Murphy stars as detective Axel Foley, alongside Joseph Gordon-Levitt, Taylour Paige, Judge Reinhold, John Ashton, Paul Reiser, Bronson Pinchot, and Kevin Bacon. Plot

seven unlicensed cannabis shops in New York whose promotions included an Easter egg hunt has been fined more than $15 million after state officials complained he repeatedly ignored notices to stop operating without approval, authorities said. A state Supreme Court justice in Lyons, New York, imposed the fine against David Tulley on Wednesday. Acting Justice Richard Healy penalized Tulley 90% of his gross sales from February 2022 to May 2023 as well as $10,000 for each day he operated without licenses.