UPS Financial News

Adani Power upper circuit: Adani Power share price jumped 5 per cent to hit its upper circuit after Reliance Industries (RIL) picked a stake in the company's MP project. Adani Power share price opened at ₹547.70 against its previous close of ₹533.70 and soon jumped 5 per cent to hit its upper circuit level of ₹560.35 on BSE.

Legendary and Warner Bros' 'Godzilla x Kong: The New Empire' crossed all expectations and opened with a collection of $80 million. It came second after $82.5 million opening of 'Dune: Part Two'. According to 'Variety', the movie has already brought in $194 million worldwide in its opening weekend. According to 'EntTelligence' 'Godzilla x Kong: The New Empire' is likely to attract more than 5.5M admissions this weekend.

ICICI Lombard General Insurance Company with a target price of Rs 2000. The current market price of ICICI Lombard General Insurance Company Ltd. is Rs 1698.4. ICICI Lombard General Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 84175.73 Crore) operating in Financial Services sector.

Nifty50 hit a fresh record high of 22,530 as it rallied 0.80% while Sensex surged 500 points, up 0.70%.

The Port of Virginia, with terminals at the mouth of the Chesapeake Bay near Norfolk, is opening a gate Monday at 5 a.m. — an hour earlier than usual — to help accommodate more truckers. The Port of New York and New Jersey, which is expecting additional cargo including autos, is working to allow quick access for transport companies that usually go through Baltimore. A major railroad is expanding its services, too. Fallout from last week’s deadly bridge collapse, which indefinitely closed the nation’s 17th-largest port by total cargo tonnage and the busiest gateway for vehicles, is expected to be largely contained as neighboring facilities with spare capacity tweak their schedules. Snarls, delays and added costs are more likely to appear outside ports as tens of thousands of shipments require longer routes on already-crowded roadways and rail lines.

NMDC with a target price of Rs 260. The current market price of NMDC Ltd. is Rs 208.55. NMDC Ltd., incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 59989.50 Crore) operating in Mining sector.

ships began to chug up the Delaware River in recent years, transportation officials feared the prospect of one going astray that would lead to a repeat, or worse, of what happened in 1969, when a tanker struck the Delaware Memorial Bridge and caused significant damage. So, last year, work began on a $93 million project to build eight massive cylinders that would stand guard in front of the bridge's piers in order to protect a system that carries tens of thousands of vehicles a day. «The tankers and cargo ships of 1950 aren't the tankers and cargo ships of today,» said James Salmon, a spokesperson for the Delaware River and Bay Authority.

Steel Strips Wheels with a target price of Rs 245. The current market price of Steel Strips Wheels Ltd. is Rs 229.1. Steel Strips Wheels Ltd., incorporated in the year 1985, is a Small Cap company (having a market cap of Rs 3466.57 Crore) operating in Auto Ancillaries sector.

At 9:30 am, the MCX April gold futures were trading at Rs 68,930 per 10 grams, up by Rs 1,253 or 1.85% while May silver futures were trading at Rs 75,787 per kg, higher by Rs 739 or 0.98%. Track prices here

Torrent Power, a leading integrated power utility firm, saw its share price climb sharply in Monday's trading session after the company bagged a wind-solar hybrid project. According to an exchange filing made on Thursday (March 28) after market hours, the company said that it received a letter of award from its 'Distribution Unit' for setting up a 150MW wind-solar hybrid project with an investment of ₹1,825 crore.

income tax regime is being spread on some social media platforms. It is therefore clarified that: 1)There is no new change which is coming in from 01.04.2024. 2)The new tax regime under section 115BAC(1A) was introduced in the Finance Act 2023, as compared to the existing old regime (without exemptions) (SEE TABLE BELOW) 3)The new tax regime is applicable for persons other than companies and firms, is applicable as a default regime from the Financial Year 2023-24 and the Assessment Year corresponding to this is AY 2024-25.

Read the full story here.)Sensex Today Live : According to ANI, oil marketing companies (OMCs) in India have reduced the prices of 19 kg commercial cylinders and 5 kg Free Trade LPG (FTL) cylinders. The price reduction for the 19-kg commercial cylinders is ₹30.50, bringing the price in Delhi to ₹1,764.50 as of April 1.

Avenue Supermarts on March 31 and has ceased to be Chairman and Independent Director of the company. Damani has been replaced by former Securities & Exchange Board of India (SEBI) Chairman Chandrashekhar Bhave, informed Avenue Supermarts, the DMart retail chain operator.

Putin has signed a decree setting out the routine spring conscription campaign, calling up 150,000 citizens for statutory military service, a document posted on the Kremlin's website showed on Sunday. All men in Russia are required to do a year-long military service, or equivalent training during higher education, from the age of 18. In July Russia's lower house of parliament voted to raise the maximum age at which men can be conscripted to 30 from 27. The new legislation came into effect on Jan. 1, 2024.

Zee Entertainment Enterprises (ZEEL) is only stock under the F&O trade ban on Monday while Hindustan Copper has moved out of the ban. For Zee, the MWPL stood at 105.5% on Thursday with OI reported by Trendlyne at 132.9 million. It was up by 0.7% from the previous session.

China's manufacturing activity expanded at the fastest pace in 13 months in March, with business confidence hitting an 11-month high, driven by growing new orders from customers at home and abroad, a private survey showed on Monday. The Caixin/S&P Global manufacturing PMI rose to 51.1 in March from 50.9 the previous month, above analysts' forecasts of 51.0 and marking an expansion for the fifth consecutive month. The 50-point mark separates growth from contraction.

Sensex jumped 655 points to settle at 73,651 and the Nifty climbed 203 points to end at 22,326. Stocks that were in focus included names like IDFC First Bank, which fell 2.96%, VIP Industries, which jumped 11.05%, and Ambuja, whose shares gained nearly 2% on Thursday.

dollar was broadly steady on Monday as data showing easing U.S. prices bolstered bets that the Federal Reserve could cut interest rates in June, while the yen loitered near 152 per dollar keeping traders on edge on the threat of intervention. The personal consumption expenditures (PCE) price index rose 0.3% in February, the Commerce Department's Bureau of Economic Analysis said on Friday, compared with the 0.4% rise that economists polled by Reuters had forecast.

It was in 1867 under the British Raj that India adopted a fiscal year starting 1 April, when James Wilson was finance minister. Not only was the date arbitrary, so was annual accounting, drawn as it was from agriculture. Although other institutions traceable to early farming—like patriarchy—have been challenged, the idea of an annual reckoner has endured for centuries with little resistance.

Sensex spiked 655.04 points to close at 73,651.35, while the Nifty 50 settled 203.25 points, or 0.92%, higher at 22,326.90. Nifty 50 formed a reasonable bull candle on the daily chart with a long upper shadow. “This pattern indicates high volatility in the market near the all-time highs around 22,500 levels.

Stock market today: On the last trade session in FY24, the Indian stock market witnessed a decisive intraday upside breakout. The Nifty 50 index went up 203 points and ended at the 22,326 level, the BSE Sensex shot up 655 points and finished at the 73,651 mark whereas the Bank Nifty index surged 338 points and closed at the 47,124 level. In the broad market, the small-cap index gained 0.33 percent while the mid-cap index scaled 0.62 percent north on the last trade session of FY24.