UPS Financial News

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Dalal Street's volatility indicator India VIX, also known as the fear index, on Monday zoomed 16% to fly past the 20-mark for the first time in the last one year. After suddenly crashing 20% to sub 10-levels on April 23, the index has been rising non-stop. In the last 13 sessions, the index has doubled.

trading session, the following five stocks witnessed a build of fresh short positions. Let us first understand how this conclusion is reached whether the stock has seen a buildup of fresh short position or not. To understand it we have to look at what “ short selling” means. When a trader is expecting the stock prices to fall, he may sell the stock without owning that and buy at a lower price, for example, stock XYZ is trading at 100, a trader sells the stocks at Rs 100 and buys it back at Rs 90. He made a profit of Rs 10. Selling the stocks without owing the underlying stock is called short selling.

Adani Power Ltd. dropped 2.17 per cent to Rs 590.0 at 01:59PM (IST) in Monday's trade. The scrip hit a high of Rs 605.0 and low of Rs 580.8 so far during the session. The stock had closed at Rs 603.1 in the previous session. The counter had a total traded volume of 01:59PM shares so far with a turnover of Rs 24.68 crore on BSE. The stock traded at a price-to-earnings multiple of 9.79 and a price-to-book ratio of 4.77.

Tube Investments of India Ltd. fell 3.6 per cent to Rs 3941.9 in Monday's trade as of 02:09PM (IST) even as the benchmark Nifty ruled at 22099.7, up 44.5 points. The scrip had closed at Rs 4089.5 in the previous session. The stock quoted a 52-week low of Rs 2622.35 and a high of Rs 4159.5. The company quoted a market-cap of Rs 79093.2 crore on the BSE.

Crompton Greaves Consumer Electricals Ltd. traded 0.95 per cent down in Monday's trade at 01:54PM (IST). Around 58,403 shares changed hands on the counter. The counter opened at Rs 330.35 and touched an intraday high and low of Rs 330.95 and Rs 320.35, respectively, in the session so far. The stock of Crompton Greaves Consumer Electricals Ltd. quoted a 52-week high of Rs 345.2 and a 52-week low of Rs 252.1.

Ashok Leyland Ltd. traded 0.45 per cent down in Monday's trade at 01:49PM (IST). Around 585,181 shares changed hands on the counter. The stock opened at Rs 199.25 and touched an intraday high and low of Rs 199.25 and Rs 190.05, respectively, in the session so far. The stock of Ashok Leyland Ltd. quoted a 52-week high of Rs 205.1 and a 52-week low of Rs 144.2.

Pink Piggy, the latest entrant in the cryptocurrency space, has kicked off its much-anticipated presale, marking a significant milestone in its journey. Positioned as a potential game-changer among meme coin investments, Pink Piggy aims to captivate the market with its innovative approach. In a world where meme coins are gaining traction, especially those operating on the Solana blockchain, Pink Piggy is set to carve its niche inspired by a charming Pink Pig character.

AAUM) of northeastern states have grown by 145% from Rs 16,446 crore in March 2020 to Rs 40,324 crore in March 2024. This indicates a growing appetite among investors from smaller towns and cities to invest in mutual funds, according to a report by ICRA Analytics. The share of the northeastern states has increased to 0.73% of the total AAUM of the mutual fund industry and stood at Rs 55.01 lakh crore in March 2024. This has increased from around 0.67% in March 2020, when the industry’s AAUM stood at Rs 24.71 lakh crore. “Though the contribution of these states to the total AAUM of the industry is still small in percentage terms, there has been a steady and consistent growth in mutual fund inflows in these states backed by increasing awareness among people and the growing interest among retail investors for investing in equities through the mutual fund route, said Ashwini Kumar, Senior Vice President and Head Market Data, ICRA Analytics.

Waheed Ur Rehman Para, the PDP's Lok Sabha candidate from Srinagar, on Monday said violence in the erstwhile state has reduced significantly over the last five years.

With India VIX jumping 43% in May, it is advised to market participants that they remain cautious in building fresh positions and it would be prudent to adopt a wait and watch policy, and focus on quality stocks with a longer-term perspective, and that also in an SIP mode, Aamar Deo Singh, Senior Vice President-Equity, Commodity & Currency at Angel One said. This analyst spells-out strategy in previous week’s major movers viz. Manappuram Finance, Canara Bank and Yes Bank and three more stocks. Here’s what he recommends: A hard week for markets with Nifty declining 2.6% WoW. Do you see this as an election led correction or there is more and what levels should one watch out this week and in the run-up to June 4 when the outcome unfolds? Aamar Deo Singh: Investors appear to be adopting a cautious approach ahead of the outcome of the general elections, and that is evident in the markets as a broad sell-off is visible across sectors.

Jaideep Kewalramani, COO and Head of Employability Business of TeamLease Edtech, says the rapid growth makes it difficult to precisely quantify the change in open positions over the past three years, especially as the segment is dynamic and evolving. “As a sunrise industry, the demand for semiconductor professionals has surged significantly. While specific data may vary across companies and sub-sectors, a conservative estimate suggests a compound annual growth rate (CAGR) of around 100% in open positions over the last three years,” he says. But experts point out that there is no doubt about the rising demand for talent in this segment.

«Now, the mindset has changed rampantly. Today, as the leading wood panel manufacturer in the country, we believe that the opportunity in front of us is tremendous and we are barely at the tip of the iceberg,» says Keshav Bhajanka, ED, Century Plyboards. When you started your journey in the business, how has the trend changed since then? How are you seeing in terms of the difference that has come in in the industry since then as well? I think that there has been a sea change in the industry from the point when I joined to now. I think that the scales have changed massively. And earlier when you talk about the wood panel industry, there was always this thought about limitation about how the industry is small, how the industry is unlikely to become to the scale of what it could be in other countries and so on so forth.

UPI payment you make? If so, Paytm UPI Lite Wallet can help. It offers a straightforward and easy-to-use method for completing transactions without the need for a PIN, allowing you to complete transactions quickly and easily. According to the Paytm press release issued on May 13, 2024, “One97 Communications, that owns the brand Paytm, is now focusing on UPI Lite wallet to move the users who prefer wallet for low-value everyday payments. Paytm UPI Lite acts as an on-device wallet, allowing users to store funds and make payments on the go. It offers lightning-fast payments that never fail with no pin requirement.”

Cryptocurrency markets witnessed a downturn in Monday's trading session, with Ethereum, Solana, and XRP leading the decline. The global cryptocurrency market cap also decreased by 1.1% to approximately $2.23 trillion within the last 24 hours. As of 11:50 a.m., Bitcoin was trading marginally higher at $61,150, while Ethereum experienced a 1.15% drop to $2,889. Additionally, altcoins like Solana (-5.2%), XRP (-2.6%), Dogecoin (-3.9%), Shiba Inu (-3.6%), Cardano (-2.7%), and Avalanche (-4%) followed suit in the downward trend.

₹176 ($2.1) per day, last updated in 2017, is one of the lowest in the Asia-Pacific region, surpassed by China’s $11.9, Vietnam $6.5 and even Bangladesh’s $3.7. Brazil’s minimum wage of $47 per day is closer to the figure in developed economies like Australia ($14.8 per hour), the UK ($14.1) and the US ($7.2). While India’s minimum wage remains unchanged, the government routinely updates its dearness allowance (DA) for central government employees.

₹23 crore of which over ₹2.96 crore is movable assets and ₹20.60 core as immovable assets. The AIMIN chief also declared liabilities of ₹7 crores including himself and his spouse. 1.

Srinagar, one of the three parliamentary seats of Kashmir, is among the 96 seats voting in the phase 4 of Lok Sabha elections across the country. In 2019 elections, the seat had recorded 14.43 per cent voter turnout. This Monday's figures at 11 am, have already crossed the 2019 turnut numbers in Srinagar.

Kejriwal calls for termination of Agniveer Scheme amidst 10 major guarantees The Supreme Court on Friday granted interim bail to Kejriwal till June 1. Justices Sanjiv Khanna and Dipankar Datta said Kejriwal will have to surrender and go back to jail on June 2. The AAP supremo has been given interim bail for campaigning in the ongoing Lok Sabha elections.

IIFL Securities Limited, a leading financial services house, today said that it has appointed Mr. Nemkumar H, Whole-Time Director on the Board, as the Managing Director with effect from May 15, 2024 for a period of 5 years. Mr.

NEW DELHI : Hyderabad-based Greenko ZeroC has secured a deal to supply renewable ammonia to Norway’s Yara Clean Ammonia, the world’s largest trader and distributor of ammonia, for an undisclosed sum. Yara will use green ammonia from Greenko to produce low-emission fertilizers as well as towards low-carbon emissions in industries such as shipping and power.