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Jharkhand Assembly elections, the Jharkhand Mukti Morcha (JMM) on Tuesday alleged that the Election Commission is not acting independently and is under pressure from the BJP. In Ranchi, JMM leader Manoj Pandey expressed his worries, said, «The election is to be announced today, but BJP leaders got information about it yesterday. This is a very serious matter. Does the commission work at the behest of BJP leaders? It is a serious matter to keep the commission as a puppet.» The Jharkhand Mukti Morcha tweeted via its official X handle, «The boss has set everything up. What a scene! @ECISVEEP, will you say something?»

oil marketing companies (OMCs) Hindustan Petroleum (HPCL), Bharat Petroleum (BPCL), and Indian Oil Corporation (IOC) on Tuesday jumped up to 5% on the BSE as Brent crude prices fell to $75 per barrel, falling 3% today. Shares of HPCL gained 5% to their day’s high of Rs 426.30 while BPCL shares went up 3.3% to Rs 351.45. Meanwhile, the shares of IOC jumped 2.5% to Rs 169.60.

Lupin Ltd. traded 0.66 per cent up at Rs 2258.05 at 10:39AM (IST) on Tuesday, even as BSE benchmark Sensex dropped 128.57 points to 81844.48. The stock had settled at Rs 2243.15 in the previous session. The stock quoted a 52-week high price of Rs 2312.0 and 52-week low of Rs 1113.0, respectively. As per BSE data, total traded volume on the counter till 10:39AM (IST) stood at 7564 shares with a turnover of Rs 1.71 crore.

China’s export growth unexpectedly slowed in September, curbing a trade rebound that has been a bright spot for a weakening economy that policymakers are relying on manufacturing to power. Exports climbed just 2.4% in dollar terms from a year earlier to almost $304 billion, the lowest level since May, the customs administration said Monday. Shipments to key markets including Japan, South Korea and Taiwan all fell, while exports to the European Union and the US marked their slowest rise in at least four months as politicians ramped up tariffs. Russian purchases of Chinese goods soared to a record $11 billion, as Beijing continues to shield Moscow from economic isolation after Western companies producing everything from cars to phones quit President Vladimir Putin’s nation due to sanctions to punish his military aggression.

The BSE Sensex was trading 237 points, or 0.29%, higher at 82,210. The Nifty50 was up 65 points, or 0.26%, trading at 25,193 around 9:20 am.

For several years, the country has fallen well short of the rosy visions proclaimed by its leaders. India should become the first major economy to industrialize without carbonizing, to paraphrase its Group of 20 sherpa Amitabh Kant. Prime Minister Narendra Modi promised to connect 500 gigawatts of clean energy by 2030, equivalent to all the generators in France, Germany and Italy put together. The picture on the ground has, until recently, been very different. A previous aspiration to hit 175 GW by 2022 came in 40% below target, and had to be fudged to avoid embarrassment. Ill-advised tariffs on solar panels, combined with contractual and political support for fossil fuels and constant changes to the rules of renewable power auctions, made matters worse.

UBS has initiated coverage on Ramkrishna Forgings with a 'Buy' rating and a target price of Rs 1,500, indicating an upside potential of 46% from the previous closing price of Rs 1,030 per share. UBS pointed out visible earnings drivers that suggest the potential for future upgrades. Despite Ramkrishna Forgings holding a global market share in the low single digits, this indicates substantial growth potential.

Even after consistent selling in defence and rail PSU stocks, the long-term prospects of the two sectors remains positive, says Viraj Gandhi, CEO of Samco Mutual Fund. «Given the current values, one should carefully assess these sectors. If one can withstand further short-term downside, this could be an excellent chance to add to these names,» says Viraj Gandhi, CEO of Samco Mutual Fund. Edited excerpts from an interview: Help us understand the rationale behind the launch of a multi-cap fund at this stage. And how does it differ from a flexicap fund? The multi cap category's market share has increased from 2.5% in November 2021 to nearly 6% by August 2024. Over the last 36 months, this category has grown at the quickest rate.

Mayuresh Joshi, Head Equity, Marketsmith India, says in the second half, Reliance’s retail-oriented businesses should see a strong comeback. The new-age businesses are something to be seen as well. They are having a very calibrated approach in terms of their new-age businesses. So, the kind of timelines we are looking at for these new-age businesses without minimal burden on the balance sheet is going to be critical. These two segments might offset the weakness in upstream and the O2C business. In realty stocks, Joshi says if somebody is holding Oberoi, Godrej, and DLF, they can continue holding on. Among real estate ancillaries, Greenply, Century may work out. What are the expectations from Reliance Industries? More than earnings, what are the next set of triggers to watch out for because it has been fairly sideways since it is down to Rs 2,700 from Rs 3,200 all-time high level. What will provide a fillip to Reliance from here on? Do you believe in the tie-ups that the Street has been talking about? Mayuresh Joshi: Coming to triggers going forward, there are two things. One, if there is a genuine recovery in terms of China per se in the next few quarters, the downstream business, which defines how the petchem business will move for Reliance and the spreads thereof should show signs of stability and improvement and that can have a telling say in terms of the petchem performance itself.

Shiv Texchem will debut on the BSE SME platform later today. Ahead of the listing, the company's shares traded with a GMP of Rs 65. Considering the upper price band of Rs 166, the stock is expected to list at a premium of 39% over the issue price.

Pashupati Advani, Founder, Global Foray, says long-term, Avenue Supermarts is a good place to be in and a well-run company and the promoter and the CEO have done very well and have made fantastic things that are making it happen. It is unfortunate that temporary blips have meant that brokerage houses have lowered their weights, but it is just a matter of time before it does well again. Advani also says that Avenue Supermarts is making a large amount of net profit now from non-food items in the sense of making money on garments and underwears and socks and all the other things, kind of like Costco and Walmart in the US. The financialisation theme is not a short-term theme, it is not a matter of a few months or even a few years at that. Definitely a long-term theme for India. With respect to that and the fact that the NSE IPO is expected to be around the corner, which are the names from the financial ancillary setup that you would recommend? Pashupati Advani: Obviously, because the NSE IPO is coming, then CDSL and BSE obviously would be participating because the NSE IPO is coming currently at a higher PE than the BSE one. People would look at BSE as a cheaper alternative and go for a convergence to mean. The bank index is doing well, and is being pulled up by HDFC Bank, which is a very large part of it.

HCL Technologies are expected to remain in focus on Tuesday after India's third largest IT company by way of market capitalisation reported strong Q2FY25 earnings on Monday and declared an interim dividend of Rs 12 per share. HCL Technologies reported a 10.5% jump in its September quarter consolidated net profit to Rs 4,235 crore, up from Rs 3,832 reported by the company in the year-ago period.

earnings season is underway and as many as 25 companies will announce their earnings on Tuesday. Some of key earnings to watch out include that of HDFC Life, HDFC AMC, PVR Inox among others. Apart from the above, some of the other companies like KEI Industries, Lactose (India), Premium Capital, Bank of Maharashtra, Rallis India, Stylam Industries, Sita Enterprises, Sybly Industries, Teamo Productions, Transchem will declare results for the September quarter.

Angel One are likely to remain in focus on Tuesday after the company reported its best-ever quarterly performance across key financial metrics in the three month period ended September 30, 2024. The domestic brokerage on Monday reported a consolidated net profit at Rs 423 crore in Q2FY25, which was up 39% from Rs 304 crore reported by the company in the year ago period. The total revenue from operations in the reported quarter stood at Rs 1,515 crore which was up 44.5% over Rs 1,048 crore reported by the company in the corresponding quarter.

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Subscribe to enjoy similar stories. MUMBAI : Investors and traders are often looking for the next big opportunity, and in recent years, India's defence sector has been nothing short of a goldmine. The government's push towards self-reliance, massive budget allocations, and global defence orders have made defence stocks the market's darling.

Subscribe to enjoy similar stories. Wars in the Middle East and Ukraine dominate the headlines, but the Indo-Pacific remains the fulcrum of world politics and where the 21st century will take shape. While bombs fall and missiles fly elsewhere, the Chinese Communist Party is wrestling with its greatest challenges since Deng Xiaoping’s reforms fueled a generation of blistering growth in the 1980s.

Donald Trump are taking their fight for Pennsylvania to opposite ends of the state on Monday, with Harris speaking in the northwest corner in Erie and Trump in the southeastern suburbs of Philadelphia, as per a AP report. Democrat Harris and Republican Trump have been making regular appearances in what is the country's largest battleground state — it will be Harris' 10th visit to Pennsylvania this campaign season, and just last week Trump made stops in both Scranton and Reading. Pennsylvania's energy industry and natural gas fracking are likely topics as they compete for the fraction of the state's voters who have not made up their minds. Mail-in voting is well underway in the state where some 7 million people are likely to cast votes in the presidential race.

retail inflation surged to a nine-month high of 5.5% in September, driven by higher food inflation and an unfavourable base effect, official data released Monday showed. The sharp reversal in consumer inflation from a five-year low of 3.6% in July and 3.65% in August has dented hopes of interest rate cuts.

STONAVA, Czech Republic — Deep underground in northeastern Czech Republic, workers in the region's last-functioning coal mine drill, load and haul the fuel up to the surface.

Venugopal Garre, MD,Bernstein, says China recovery is positive for India, and not negative for India. From a broader India perspective, India is going potentially through a phase of fatigue in the economy which is going to impact earnings as well. So, we need to watch more for that as a challenge for capping Indian equity returns than anything else. Derivative drivers, be it aspects around IIPs, production levels and things like cement demand, across the board we see some degree of fatigue which is more derivative in nature in terms of demand. Let us understand your view of the world. Exactly a week ago, the concerns for equity markets were abundant – China, US macro data, and the Middle East crisis. At least for the moment, two out of those three concerns have taken a backseat.