UPS Financial News

«Mutual fund figures for I think the last month are still to come out, but they should be healthy. So, there are flows into mutual funds, PMS, AIF, etc. So, I think that keeps the market buoyant. On the other hand, we are also seeing huge supply these days, like on a daily basis now we see offer for sales, QIPs, etc. In fact, I think in last many days, daily average would be more than Rs 7,000-8,000 crores,» says Sandip Sabharwal, asksandipsabharwal.com. It is just one of the phases of the market that everybody likes when correction comes and before they get a chance to buy, the markets recover. Sandip Sabharwal: Yes, so I think there are two factors playing to it. One, the foreign investor selling seems to have suddenly died out and although they are not buying in big numbers, but still they are small positive numbers and domestic liquidity, as all of us know, continues to remain strong.

Shree Cements Ltd. rose 0.08 per cent to Rs 25700.0 at 12:33PM hours (IST) on Friday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 329 shares with a turnover of Rs 0.85 crore till 12:33PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 44.04, while the price-to-book value ratio stood at 4.48.

₹17,999 for the 8GB+128GB version, ₹19,999 for the 8GB+256GB option. Meanwhile, the Realme 13+ 5G is priced at ₹22,999 for the 8GB+128GB variant, ₹24,999 for the 8GB+256GB model, and ₹26,999 for the 12GB+256GB version.Moreover, Realme is offering ₹1,500 cashback on 8GB/128GB, 8GB/256GB, 12GB/256GB variants of the Realme 13+ 5G. There is also ₹1,000 cashback available on purchasing 8GB/128GB and 8GB/256GB variants of the Realme 13 5G.

SHANGHAI — China's policymakers need to focus on boosting domestic demand, Yi Gang, former head of the People's Bank of China, said Friday at the Bund Summit in Shanghai.

DLF Ltd. traded 3.44 per cent down at Rs 812.5 on Friday at around 01:24PM (IST), while the benchmark BSE Sensex declined 999.81 points to 81201.35. As many as 52,080 shares changed hands on the counter with a total value of Rs 4.27 crore.

Sony is gearing up to celebrate 30 years of PlayStation in a big way, and fans are buzzing over what appears to be the first official glimpse of the highly anticipated PlayStation 5 Pro. A recent blog post commemorating the PlayStation anniversary included an intriguing image that eagle-eyed fans believe confirms the design leak of the PS5 Pro, which surfaced just a week ago.

Avenue Supermarts Ltd. traded 1.07 per cent down at Rs 5251.75 on Friday at around 11:11AM (IST), while the benchmark BSE Sensex declined 942.72 points to 81258.44. As many as 17,186 shares changed hands on the counter with a total value of Rs 9.07 crore.

Shares of Nvidia and other Big Tech stocks have helped power the markets run to record highs this year. Their recent wobble is making investors nervous. A tumble in the chipmaker's shares shaved $279 billion off Nvidia's market capitalization on Tuesday, the single largest one-day decline in market value on record for a U.S. company. The stock was rebounding on Wednesday, rising 1% in late morning trading. Whether the steep fall is due to investors becoming more cautious towards the artificial intelligence trend that supercharged market returns this year or worries over the health of the U.S. economy, more trouble for Nvidia and other Big Tech stocks would likely spell trouble for the broader markets.

" Definitely, SBI for a long time, has seen a downfall today. But looking at the bigger picture for State Bank, I think there is a long way to go," says Dharmesh Shah, Head-Technical, ICICI Direct. The PSU pack which has been leading the Nifty lower, so how are you looking at the PSU banks right now after the sharp fall that we have seen in the last couple of days, anything that looks good to you? Dharmesh Shah: Yes, definitely, PSU as a sector has been not in limelight for a long time. So, one should not forget that they have seen a fantastic rally for last six months.

internet censorship evasion tools. The tools, supported by the U.S.-backed Open Technology Fund (OTF), have seen a surge of usage in Russia, Iran, Myanmar and authoritarian states that heavily censor the internet. OTF's pitch to tech companies at the meeting was to help offer discounted or subsidized server bandwidth to meet the fast-growing demand for virtual private network (VPN) applications that OTF funds, the organisation's president, Laura Cunningham, told Reuters.

Hazaro Saalon ka Sapna, or A Thousand Years of Dreaming, by Debashish Paul, which is being shown as part of his first solo—with the same title as the film—at Emami Art, Kolkata. The 30-year-old artist has constantly engaged with challenges of queer identity and desire situated within rigid societal diktats. Paul, who hails from Phulia village in West Bengal’s Nadia district, and now lives in Varanasi, has examined this complex subject from a deeply autobiographical lens.

₹500 per month, this will generate total monthly savings of ₹25,800 crore. Over a year, this could sum up to ₹3.1 trillion in savings, amounting to nearly 13% of the total deposit growth between 2022-2023 and 2023-2024. However, achieving this requires addressing a critical gap that prevents many women from engaging in formal savings.

The first look of the Lalbaugcha Raja, revealed on the evening of September 5, showcased the idol draped in maroon attire and adorned with intricate jewelry. The centerpiece of this year's display is the opulent gold crown, which was meticulously crafted over two months. This gesture by Anant Ambani is a testament to his longstanding relationship with the Lalbaugcha Raja committee.

Tamil Nadu Chief Minister MK Stalin on Friday said that the state has secured MOUs (memorandum of understanding), worth Rs 850 crores with US-based companies Lincoln Electric, Vishay Precision, and Visteon. In a post on the social media platform «X», the Tamil Nadu CM said, «In the land of opportunities, every new dawn ignites fresh hopes. We've secured MoUs worth Rs850 crores with Lincoln Electric, Vishay Precision, and Visteon, bringing us one step closer to realising our vision. Through relentless effort and determination, we continue to turn our dreams into reality.» On Thursday, Tamil Nadu secured a Rs 2000 crore Memorandum of Understanding (MoU) with Trilliant to establish a manufacturing unit as well as create their Development and Global Support Centre in the state.

Tata Power Company Ltd. rose 0.65 per cent to Rs 417.7 in Friday's trade. It hit an intraday high of Rs 421.25 and low of Rs 414.65, respectively, during the day. The stock quoted a 52-week high price of Rs 470.85 and low of Rs 230.75.

Shriram Finance Ltd. fell 0.19 per cent to Rs 3238.6 in Friday's session as of 11:16AM (IST) even as the equity benchmark Sensex traded 938.71 points lower at 81262.45. Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 3294.45 and a 52-week low of Rs 1760.9 on NSE. Around 2005 shares changed hands on the counter till 11:16AM (IST).

Friday’s monthly jobs report will likely mark a pivotal moment for the economy and the Federal Reserve

infrastructure projects in Africa may be over, analysts say, with Beijing seeking to shield itself from risky, indebted partners on the continent as it grapples with a slowing economy at home. Beijing for years dished out billions in loans for trains, roads and bridges in Africa that saddled participating governments with debts they often struggled to pay back. But experts say it is now opting for smaller loans to fund more modest development projects.

Brigade Enterprises has raised Rs 1,500 crore by selling equity shares to institutional investors as part of its strategy to expand business. The company on September 2 launched its qualified institutional placement (QIP) issue to raise funds. The issue closed on September 5. In a regulatory filing on Friday, Brigade Enterprises said a committee of directors approved the allotment of 1,30,43,478 equity shares to eligible qualified institutional buyers.

Arvind Sanger, Founder & Managing Partner, Geosphere Capital Management, says India benefits from moderate crude prices, but it does not benefit when crude prices are showing weakness because there are concerns about global recession. So you should be careful what you wish for. You do not want crude to be crashing to a level that would suggest that global economies are in a concerted fashion going through a major slowdown. If crude stays moderate in the $70-80 range but does not meaningfully roll over, that would be probably the best outcome from an Indian standpoint.

Netflix Inc. show, Virgin River. A soapy drama centered on a nurse practitioner in a small, northern California town, Virgin River is the kind of show that reliably delivers buried secrets, thwarted villains and reunited lovers. That fake sunlight — the combined power of two massive 18,000-watt lights running on a giant battery — is how Netflix wants to clean up the dirty business of Hollywood productions. On most film and television sets, illumination is powered by loud, clunking diesel generators. Virgin River is one of a number of Netflix’s productions replacing generators and fossil fuel-based transportation with greener alternatives. In Atlanta, Stranger Things is dabbling with solar-powered trailers, and just outside London, Bridgerton has tested a hydrogen power unit. It’s all part of Netflix’s plan to cut its emissions roughly in half by 2030. Yet, Netflix’s progress has been marginal in the three years since it began focusing on sustainability in 2020.