UPS Financial News

Subscribe to enjoy similar stories. Crompton Greaves Consumer Electricals Ltd is poised to benefit from more premium products and new launches in the near future. The company’s management at its recent analysts meeting discussed new launches and innovation as it preps for the summer season ahead, particularly in its fans vertical.

«For midcap or smallcap, that could be a different story. But in the largecap space, the valuations have become very attractive. A couple of percentage points more of correction cannot be ruled out,» says Devender Singhal, Kotak Mahindra AMC. First up on the markets, nothing has been holding up. Since all this while we have been talking about the broader indices, getting into that bear territory, but look at Nifty 50 is down about 15% from those highest points of September 2024. Do you believe that another 5% correction from here on cannot be ruled out or you believe that at the index level we should find some bit of a base building? Devender Singhal: So, yes, you are right, we have seen around 15% correction in the Nifty. But there has not been a single year in the last 30 years where we have not seen something like this happening. But honestly, it looks like in terms of valuation comfort, we are very near to the bottom or the immediate bottom in terms of where the Nifty or largecaps are concerned.

«As far as supports are concerned for Nifty, I believe there is a support around 22,200 followed by 22,000 which is the support zone for Nifty,» says Sneha Seth, Angel One. It is just a deep sea of red across the screen and both the benchmark indices are not holding up well. Which are the next support levels as per you? Sneha Seth: If you look at the market, yes, we have seen decent correction. If you see the rollovers for last series, the rollovers were quite decent. In fact, I believe decent amount of shorts have been rolled over to the market. FIIs long-short ratio is also around 16, which clearly indicates that it is in the oversold territory and until we do not see any buying interest from FIIs in the future segment or in equity segment, the market may continue to be in pressure only.

HDFC Bank, India's largest private lender by assets, will grow its loan securitisation business over the next few years to meet rising investor demand, the bank's chief financial officer said.

1

Pi Coin plunged over 20% on Friday, hitting an intraday low of $2.26 before recovering to $2.41, still down 12% for the day. The decline came amid a broader crypto market sell-off, which pressured investor sentiment. Bitcoin fell below $80,000, touching a 3.5-month low as uncertainty over US President Donald Trump's tariff plans, crypto regulations, and a $1.5 billion Ethereum hack rattled markets. Ethereum dropped 7%, while XRP, BNB, and Solana also posted sharp losses.

Ursula von der Leyen, focusing on imparting fresh momentum to the India-European Union (EU) strategic partnership. The two sides are expected to take stock of the ongoing negotiations to firm up an ambitious trade deal as well as explore ways to boost trade and investment ties.

Tesla Inc. is seeking approval to offer ride-hailing services in California, a key step by Elon Musk’s company to begin carrying paying customers while its traditional car-selling business falters.

The coin was down 5.5% at $79,627 at 12:05 p.m. in Singapore, after hitting its lowest level since November 10. That was part of a broad rout: Ether, the world’s second-largest cryptocurrency, fell 7.3% while smaller tokens Solana and XRP were down 7.1% and 7.8%, respectively.

Subscribe to enjoy similar stories. KPMG has begun to set up a law firm in the U.S. after a court decision made it the first Big Four accounting firm eligible to practice law in the country.

Subscribe to enjoy similar stories. India's two largest steelmakers have diverging strategies on the acquisition of captive iron ore mines for securing the supply of this critical raw material. JSW Steel, which has historically had more reliance on the open market to meet its iron ore demand, is aggressively bidding for acquiring more captive mines, or mines under its leasehold.

Sensex and Nifty, opened in the red on Friday, weighed down by index heavyweights in the banking and IT sectors, as investors awaited key GDP data and reacted to fresh comments from US President Donald Trump on tariffs. The BSE Sensex fell 929 points, or 1.25%, to 73,683, while the Nifty50 declined 273 points, or 1.21%, to 22,271. around 9:39 am.

Short duration mutual funds invest in treasury bills, commercial papers, certificates of deposits and so on to take care of their liquidity needs. They also invest in corporate bonds, government securities, among others.

Apollo Global Management Inc. is in talks to lead a roughly $35 billion financing package for Meta Platforms Inc. to help develop data centers in the US, according to people with knowledge of the matter.

buy call on Havells India with a target price of Rs 1,800. The current market price of Havells India Ltd. is Rs 1,420. Havells India, incorporated in 1983, is a Large Cap company with a market cap of Rs 90423.81 crore, operating in the Consumer Durables sector. Havells India's key products/revenue segments include Cables, Traded Goods, Electrical Consumer Durables, Domestic Switchgears, Light Fittings & Fixture, Others, Export Incentives for the year ending 31-Mar-2024.

market fatigue, particularly for retail traders. However, Rohit Srivastava, Founder of Strike Money Analytics & Indiacharts, believes the market may be nearing a bottom, based on historical and seasonal trends, as he stated in a discussion on ET Now.