UPS Financial News

On a month-on-month basis, the pace of redemptions spiked by 48.9% to reach Rs 38,900 crore in December taking net inflows to Rs 17,700 crore during the month. It was a marginal uptick from Rs 16,900 crore in November 2023. Notwithstanding the trend, the domestic MFs’ equity asset under management (AUM) rose for the 10th consecutive year to reach Rs 23.8 lakh crore, which was up 43% YoY in CY23.

Benchmark NSE Nifty closed 202.91 points up at 22097.45 amid buying in frontline bluechip counters. However, stocks such as M K Proteins, Digidrive Distributo, SKS Textiles, Raj Rayon and Happy Forgings, touched their fresh 52-week lows.

Shares of Aurobindo Pharma Ltd.(up 5.01 per cent), Granules India Ltd.(up 4.85 per cent), Glenmark Pharmaceuticals Ltd.(up 4.78 per cent), Biocon Ltd.(up 2.52 per cent) and Zydus Lifesciences Ltd.(up 1.84 per cent) ended the day as top gainers in the pack. On the other hand, Sanofi India Ltd.(down 1.83 per cent), Gland Pharma Ltd.(down 0.69 per cent), Natco Pharma Ltd.(down 0.43 per cent) and Alkem Laboratories Ltd.(down 0.22 per cent) finished as the top losers of the day.

Shares of HDFC Bank Ltd.(up 1.93 per cent), Federal Bank Ltd.(up 1.23 per cent), State Bank of India(up 1.03 per cent), Kotak Mahindra Bank Ltd.(up 1.0 per cent) and IndusInd Bank Ltd.(up 0.89 per cent) ended the day as top gainers in the pack. On the other hand, Au Small Finance Bank Ltd.(down 2.07 per cent), IDFC First Bank Ltd.(down 0.46 per cent) and Axis Bank Ltd.(down 0.08 per cent) finished as the top losers of the day.

Hyderabad: Following the success of 'Salaar: Part 1 — Ceasefire', actor Prabhas on Monday announced his next film 'The Raja Saab' on the festive occasion of Pongal. According to the makers, the upcoming movie is a «spellbinding romantic horror entertainer», which will be directed by Maruthi. 'The Raja Saab', a pan-India project, will be produced by TG Vishwa Prasad under the People Media Factory banner.

Mint, Atul Rai, co-founder and CEO of Staqu Technologies, the company behind the AI-powered security system in Ayodhya, said, "There will be a high level of AI surveillance in Ayodhya for people with serious criminal records, including terrorism, murder, etc. For this, we've integrated the CCTV cameras, already installed in various parts of the city for purposes like traffic and community management, for efficient artificial intelligence-based city surveillance." The AI surveillance CCTV cameras will cover famous hotspots of the city like Kanak Bhawan, Hanuman Garhi, Shri Nageshwar Nath Mandir, Ram Ki Paidi, and Ram Janmabhoomi.

₹40,101 DMart achieved in Q3FY20," said analysts from Nuvama Institutional Equities. DMart added five new stores last quarter taking the total count to 341 with a retail business area of 14.19 million square feet. For the nine-month ended December, 17 stores were added vis-à-vis 22 in the same period last year.

BSE Midcap and Smallcap indices also hit their fresh record highs of 38,162.37 and 44,871.58 respectively during the session. The BSE Midcap index finally closed with a gain of 0.67 per cent at 38,129.88 while the Smallcap index closed at 44,552.34, up 0.11 per cent. Also Read: Nifty 50 takes just 26 days to jump from 21k to 22k; Tata Consumer, Bajaj Auto, Wipro jump up to 21% in this period The overall market capitalisation of the firms listed on the BSE rose to nearly ₹376.1 lakh crore from nearly ₹373.3 lakh crore in the previous session, making investors richer by about ₹2.8 lakh crore in a single session.

Donald Trump is looking to seal the deal. Three other Republicans are hoping to slow his march toward the Republican nomination. That's the set-up for Monday's Iowa caucuses, the first nominating contest of the 2024 election.

cameras can be expensive, which is why we've selected five of the best dash cams to buy during the Amazon Republic Day Sale. Dash cams are easy to install and set up inside your car using a suction cup, making them easily removable for charging. Some models come with a colour display for a quick view of the road.

The good work of bulls was done early last week but rallies had run out of steam by Friday's close, although the weekly charts still look good.

Investing.com-- Oil prices retreated Monday as markets awaited new developments in the Middle East conflict, while anticipation of several key U.S. and Chinese economic readings this week kept sentiment on edge.

By Joice Alves and Rae Wee

VIRAL VIDEO: A passenger on an Indigo flight lost ... moreVIRAL VIDEO: A passenger on an Indigo flight lost his cool after his Mumbai Goa flight was delayed by 12 hours on 14th January.

Arvind Fashions just in January, brokerage house Nuvama sees another 38 percent upside in the next 1 year. The brokerage believes the firm is perfectly positioned for a valuation re-rating. The brokerage has initiated coverage on the stock with a ‘buy’ rating and a target price of ₹660.

Multibagger small-cap stock: Tiger Logistics shares are one of the multibagger stocks that the Indian stock market has delivered in the last one year. This small-cap stock with a market cap of ₹888 crore has been in the news for securing an order from Bharat Heavy Electricals Ltd (BHEL).

J.B. Chemicals & Pharmaceuticals share price has seen more than 70% gains during last one year. J.B.

Porinju Veliyath has raised his stake in Kerala Ayurveda by 164 bps to 4.82% in the quarter ended December 30, 2023. At the end of the September quarter, he held 3.18% stake in the company. The value of his holding is nearly Rs 17 crore, Trendlyne data said. Shareholding of individual investors is reflected in the ‘Shareholding Pattern’ of BSE-listed companies only if it is 1% stake or above in the company. The smallcap counter has delivered multibagger returns of over 200% in the past 12 months, which is significantly higher than Nifty itself, which has delivered impressive returns of over 23% during this time.

Japan's Nikkei share average on Monday crossed the 36,000 mark for the first time in 34 years, powered by shippers and financials, with a retreat in U.S. bond yields and a stabilisation in the yen exchange rate buoying sentiment. The Nikkei finished the day nearly 1% higher at 35,901.73, after touching the highest since February 1990 at 36,008.23. Value shares outperformed after lagging growth stocks last week when the Nikkei index booked its best performance in 22 months. The broader Topix, which is less weighted towards technology shares than the Nikkei, rose 1.22% on the day and also touched a new 34-year high during the session. The Topix value share sub-index climbed 1.55%, outpacing a 0.88% rise for the growth share sub-index. The Tokyo Stock Exchange's (TSE) shippers index jumped 5.3% to lead gains among the 33 industry groups, with geopolitical risks pushing up shipping rates. Shares of financials, which had retreated sharply on Friday, rebounded strongly.

QatarEnergy, one of the world's largest exporters of liquefied natural gas, has stopped sending tankers via the Red Sea although production continues, a source with knowledge of the matter told Reuters on Monday. At least four tankers used to carry Qatari LNG were held up over the weekend after U.S. and British forces carried out air and sea strikes on Yemen in response to Houthi attacks on ships in the Red Sea, part of a route that accounts for about 15% of the world's shipping traffic.

personal loan for salaried employees is a type of loan designed exclusively for those who are employed and receive a monthly salary. This loan is available to you regardless of your sector of work. Employees from both private and public companies are eligible to apply for personal loans for salaried individuals.