UPS Financial News

By Arathy Somasekhar

Investing.com-- Gold prices moved little in Asian trade on Friday as stronger-than-expected inflation data spurred more fears that the Federal Reserve will signal higher-for-longer interest rates at an upcoming meeting. 

MphasiS Ltd. gained 0.06 per cent to Rs 2480.45 in Friday's trade as of 10:40AM (IST). It hit a high of Rs 2498.2 and low of Rs 2462.0 during the session. The stock quoted a 52-week high price of Rs 2835.0 and a low of Rs 1660.65. The return on equity for the stock stood at 20.64 per cent. About 4,943 shares have changed hands on the counter so far.

Many of the stocks that are in the portfolios of the accused have given multibagger returns. Gensol Engineering, for example, which has given an eye-popping return of 800% in just 2 years, has lost one-third of its value since March 1.

ITC with a target price of Rs 470. The current market price of ITC Ltd. is Rs 422. ITC Ltd., incorporated in the year 1910, is a Large Cap company (having a market cap of Rs 526034.04 Crore) operating in Tobacco sector.

Follow live updates on Electoral bonds Here Both cases comes a day after the poll body uploaded the details of the electoral bonds issued to political parties on its website and the appointment of two election commissioners, ahead of Lok Sabha polls. In the first case the ECI, according to legal news website LiveLaw, has requested the Supreme Court to return to it the documents in sealed cover that it had submitted in the Electoral Bond case.

This year, Indian debt will begin to be included in global bond indexes, starting with JPMorgan Chase & Co.’s products in June, followed by the Bloomberg Emerging Market Local Currency Government Index from January 2025. (Disclaimer: Bloomberg LP, the parent company of Bloomberg News, offers index products for various asset classes through Bloomberg Index Services Ltd.) And, when last quarter’s growth numbers were announced in the past fortnight, analysts were startled to see that the Indian economy had apparently grown at an annualized rate of 8.4%. There are certainly solid grounds for optimism. India’s macroeconomic stability is impressive compared to many of its peers. Pandemic spending wasn’t excessive. The fiscal deficit has been steadily shrinking as a proportion of gross domestic product. The rupee has been remarkably stable. And “core” inflation, which excludes food and fuel prices, has eased to 3.3% year-on-year, according to data released this week.

Crompton Greaves Consumer Electricals Ltd. traded 0.67 per cent up at Rs 277.6 at around 10:45AM (IST) on Friday. The stock had closed at Rs 279.5 in the previous session. Equity benchmark Sensex traded 487.61 points lower at 72609.67 around the same time.

silver stands at Rs.77100.0 per kg, showing an increase of Rs.2000.0 per kg. Gold and Silver prices in different cities are as follows: Chennai - Gold: Rs.67030.0/10g, Silver: Rs.80100.0/1kg.

2024 elections with keen interest from political observers and the general public. With 80 parliamentary seats in the state, Kannauj plays a crucial role in shaping Uttar Pradesh's political landscape. The constituency comprises five Assembly segments, including Chhibramau, Tirwa, Kannauj, Bidhuna, and Rasulabad, and is a general seat not reserved for Scheduled Castes (SCs) and Scheduled Tribes (STs). The Bharatiya Janata Party (BJP), the Samajwadi Party (SP), and the Bahujan Samaj Party (BSP) are the main contenders in the constituency, with SP leader and former Uttar Pradesh Chief Minister Akhilesh Yadav having represented Kannauj three times in a row in 2000 (bypoll), 2004, and 2009. Kannauj Lok Sabha Elections: Dates and Schedule

RailTel Corporation of India shares surged an additional 8.7% during today's intraday trade, reaching ₹368.55 apiece. This increase followed the company's reception of a work order from Odisha Computer Application Centre (“OCAC") to establish an IP-MPLS network connectivity in Odisha under OdishaNet Phase 1.0, as disclosed in the company's regulatory filing.

Larsen & Toubro Ltd., incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 488026.51 Crore) operating in Construction sector.

promoters buy shares in their own company, investors consider it positive. Promoter buying usually indicates that the company may be undervalued or that promoters know something big is going to happen, so they lap up shares beforehand. It means that the promoters, who built the company from the ground up, are once again putting their money on the line.

Chinese automakers seeking global growth are building more car factories in overseas markets, as foreign regulators mull imposing measures against imports of China-made electric cars. Chery Auto is holding talks with the Italian government to manufacture there, Reuters reported on Wednesday. Should the talks succeed, Chery would be among the first Chinese automakers with a European manufacturing presence. The growing clout of China car exports has been causing friction with the U.S. and Europe. Here's what Chinese automakers are planning:

Stock market today: Bharat Electronics Ltd or BEL shares will be in focus today as the company board is going to declare an interim dividend today. If the board of directors of the company considers and approves the proposal for payment of an interim dividend, this would be the second interim dividend that the BEL would be giving in the current financial year.

Eris Lifesciences Ltd. with a target price of Rs 930. The current market price of Eris Lifesciences Ltd. is Rs 846. Eris Lifesciences Ltd., incorporated in the year 2007, is a Mid Cap company (having a market cap of Rs 11507.99 Crore) operating in Pharmaceuticals sector.

Page Industries Ltd. traded at Rs 34180.0 on BSE at 10:35AM (IST) on Friday, down 0.55 per cent from previous close. The stock quoted a 52-week low price of Rs 33685.7 and a high of Rs 43599.0.

By Satoshi Sugiyama

By Liangping Gao and Ryan Woo

Investing.com-- Oil prices fell slightly from four-month highs in Asian trade on Friday, seeing some profit-taking and pressure from the dollar as hotter-than-expected U.S. inflation data pushed up fears of a more hawkish Federal Reserve. 

Investing.com-- U.S. stock index futures fell in evening deals on Thursday, extending mild losses from the session as hotter-than-expected inflation readings put markets on edge before a Federal Reserve meeting next week.