UPS Financial News

Sensex and Nifty50, gave up early gains and ended in the red on Tuesday, dragged down by index heavyweights Reliance Industries, financial, and IT stocks. A drop in metals and automakers also helped the downturn. The chances of a delayed domestic rate cut after a hotter-than-expected September inflation print dampened investor sentiments. The BSE Sensex fell 153 points, or 0.19%, to close at 81,820, while the NSE Nifty dropped 70 points, or 0.28%, to end at 25,057.

Transformers & Rectifiers(India)Ltd.(up 5.00%), Indo Tech Transformers Ltd.(up 5.00%), Jyoti Structures Ltd.(up 4.92%), Voltamp Transformers Ltd.(up 4.48%), Inox Wind Ltd.(up 4.22%), GE T&D India Ltd.(up 3.83%), CESC Ltd.(up 3.59%), Adani Energy Solutions Ltd.(up 2.27%), GE Power India Ltd.(up 1.96%) and Reliance Power Ltd.(up 1.93%) stood among the top gainers.

JioBharat V3 and V4 will soon be available for purchase on platforms such as Amazon, JioMart, and via select offline retailers. These phones offer an exclusive prepaid recharge plan starting at Rs. 123 per month, which includes unlimited voice calling and 14GB of data, further enhancing their affordability for a wide range of consumers.Building on the success of the previous JioBharat V2 model, the JioBharat V3 is positioned as a stylish option, while the V4 focuses on usability.

Subscribe to enjoy similar stories. In less than a month, the US presidential horse race will reach the finish line. No one knows who will win.

Subscribe to enjoy similar stories. Thirteen years have passed since al-Qaeda’s last big plot against America, a botched effort to blow up New York’s subway in 2009. The war in Afghanistan is over.

Also read: Amazon Great Indian Festival Mega Deals: Winter appliances with up to 55% off, Lowest Price on geysers, heaters and moreCheck out the amazing Amazon deals on storage geysers during the Great Indian Festival. Storage water heaters are a popular choice for households that require a steady supply of hot water.

1. Samsung 138 cm (55 inches) D Series Crystal 4K Vivid Pro Ultra HD Smart LED TV Experience stunning visuals with the Samsung 55 inches Crystal Vivid UA55DUE77AKLXL.

Subscribe to enjoy similar stories. Near the point where Israel, Lebanon and the Mediterranean Sea meet, Israeli soldiers were patrolling a forest when they spotted something strange—a small patch of green paint on a tree.

Predator drones for the Indian armed forces. As part of the deal, India will also see the establishment of a maintenance, repair, and overhaul (MRO) facility for the General Atomics-manufactured drones in the country. Final approval for the mega deal was secured earlier this year during a Defence Acquisition Council meeting, with the Indian government cutting it close to an October 31 deadline set by the Americans. The Cabinet Committee on Security (CCS) only approved the deal last week. Of the 31 drones, 15 will be allocated to the Indian Navy, while the Air Force and the Army will each receive eight. The long-range drones will be armed and will add to the two that are already being leased by the Navy.

Cholamandalam Investment & Finance Company Ltd. fell 0.9 per cent to Rs 1499.65 in Tuesday's session as of 01:23PM (IST) even as the equity benchmark Sensex traded 255.2 points lower at 81717.85. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 1650.0 and a 52-week low of Rs 1011.5 on NSE. Around 9624 shares changed hands on the counter till 01:23PM (IST).

PI Industries Ltd. traded 0.63 per cent up at Rs 4536.95 at around 01:28PM (IST) on Tuesday. The stock had closed at Rs 4565.75 in the previous session. Equity benchmark Sensex traded 255.2 points lower at 81717.85 around the same time.

SIAM data. Automobile companies are reducing the number of vehicles dispatched to dealerships as buyers are showing caution in their spending, despite significant discounts, said the report (by Pankaj Doval). According to the Society of Indian Automobile Manufacturers (Siam), passenger vehicle dispatches decreased by 2% in the second quarter of the current fiscal year. Companies typically build up inventory before the festive season during this time, but dispatches dropped to 10.5 lakh units, down from 10.7 lakh units in the same period last fiscal year. For the first half of the fiscal year (April-September), dispatches rose marginally by 0.5%, reaching 20.8 lakh units compared to 20.7 lakh units in the year-ago period.

«So, whether the fiscal incentive comes or not, that will determine quite a few things. And of course, if exports were to revive, then it can become a much better trade. But these two has not happened yet and in the absence of these two, China remains more of a tactical trade,» says Rana Gupta, Manulife Investment Management. All of us in the last 15 days have spent a considerable time in understanding this China comeback and sell India trade. Is that a real trade? Do you think that is a multi-year trade or that trade is already over? Rana Gupta: Well, it depends on whether the Chinese policymakers go down the path of a large fiscal stimulus or not. In our view, China was export oriented economy, which got its savings and invested in real estate.

Indian government must revive its data centre policy to ensure that data of Indian citizens is stored locally, Akash Ambani, Chairman, Reliance Jio Infocomm said. The scale and speed of multilingual data generation in India which will fuel the AI revolution will grow exponentially. We request the government to expedite the updating of the 2020 draft of the Data Centre Policy so that Indian data remains within the geography, he said. “Therefore, any company ready to set up AI and machine learning data centres should get all necessary incentives, including incentives for power consumption,” Ambani said. He was speaking in the presence of Prime Minister Narendra Modi at the inaugural session of the India Mobile Congress 2024 at Pragati Maidan, Delhi on Tuesday.

Bharti Airtel Chairman Sunil Mittal said today. “Opening up of the space sector to private industry is a big step….but intertemporal choices will have to be made as to how satellite services which are moving fast and technologies need to coexist with terrestrial networks,” Mittal said while speaking during the inaugural of World Telecommunication Standardization Assembly (WTSA-24) and India Mobile Congress. There are around 5% of people who are in those remote areas, in mountains, in forests where USO is trying to provide the services. With the Satcom services, they will be able to connect on a fast speed network to the internet, he said.

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SRF Ltd. slipped 0.09 per cent to Rs 2339.2 in Tuesday's trade as of 11:41AM (IST). It hit a high of Rs 2355.1 and low of Rs 2338.65 during the session. The stock quoted a 52-week high price of Rs 2697.45 and a low of Rs 2081.25. The return on equity for the stock stood at 11.63 per cent. About 1,385 shares have changed hands on the counter so far.

Max Healthcare Institute Ltd. gained 1.78 per cent to Rs 964.4 in Tuesday's trade. It hit a high of Rs 966.4 and low of Rs 945.8 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 843.68, while the 50-DMA was at Rs 916.23. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Avenue Supermarts Ltd. traded 0.31 per cent up at Rs 4197.6 at around 11:46AM (IST) on Tuesday. The stock had closed at Rs 4184.45 in the previous session. Equity benchmark Sensex traded 242.17 points lower at 81730.88 around the same time.