UPS Financial News

ONGC, Oil India, Chennai Petroleum Corporation, and GAIL dropped up to 5% on the BSE on Wednesday as crude oil prices continued to decline, reaching their lowest close since December and erasing all gains for the year. Shares of ONGC declined to the day’s low of Rs 309.2, with a fall of 4.2% while Chennai Petroleum Corporation shares dropped 5% to a low of Rs 933.3.

GAIL (India) Ltd. traded 1.44 per cent up at Rs 229.25 at around 01:07PM (IST) on Wednesday. The stock had closed at Rs 232.6 in the previous session. Equity benchmark Sensex traded 383.81 points lower at 82171.63 around the same time.

Shriram Finance Ltd. traded 1.27 per cent up at Rs 3233.0 at around 01:03PM (IST) on Wednesday. The stock had closed at Rs 3274.75 in the previous session. Equity benchmark Sensex traded 389.84 points lower at 82165.6 around the same time.

Godrej Consumer Products Ltd. slipped 0.34 per cent to Rs 1455.0 in Wednesday's trade as of 11:26AM (IST). The stock hit a high price of Rs 1466.8 and low of Rs 1430.85 during the session.

Ganesh Chaturthi, one of the most significant Hindu festivals, will be observed on Saturday, September 7, 2024. The festival, celebrated with great fervor across India, marks the birthday of Lord Ganesha, the deity of wisdom and prosperity. Devotees engage in various rituals, including Puja and offering Bhog, to seek the blessings of Lord Ganesha for a prosperous and obstacle-free life.

Bharat Forge Ltd. traded 1.0 per cent up at Rs 1582.7 on Wednesday at around 12:27PM (IST), while the benchmark BSE Sensex declined 427.35 points to 82128.09. As many as 19,812 shares changed hands on the counter with a total value of Rs 3.1 crore.

Tube Investments of India Ltd. gained 0.18 per cent to Rs 4095.95 in Wednesday's trade. It hit a high of Rs 4112.05 and low of Rs 4051.95 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 3798.4, while the 50-DMA was at Rs 4114.4. 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.

Voltas Ltd. slipped 1.37 per cent to Rs 1786.9 in Wednesday's trade as of 12:32PM (IST). It hit a high of Rs 1808.25 and low of Rs 1775.75 during the session. The stock quoted a 52-week high price of Rs 1828.8 and a low of Rs 806.9. The return on equity for the stock stood at 4.32 per cent. About 22,903 shares have changed hands on the counter so far.

ACC Ltd. rose 0.34 per cent to Rs 2349.15 in Wednesday's trade. It hit an intraday high of Rs 2349.45 and low of Rs 2302.35, respectively, during the day. The stock quoted a 52-week high price of Rs 2843.0 and low of Rs 1803.8.

Soon, it emerged that the driver of the minivan was not a longtime resident but one of the thousands of immigrants from Haiti who had recently settled in the area. He was driving with a foreign license not valid in Ohio. The stage was set for another fraught chapter in the debate over immigration in America, this one magnified because JD Vance, the state's junior senator, would soon become the Republican vice presidential nominee.

home buyers in Jaypee Infratech. Suraksha Group, which acquired the project through insolvency resolution, offers to settle the dues or request a refund. A Times of India news report stated that 538 homebuyers who have paid 80% or more of the cost but failed to make a required claim under the Insolvency & Bankruptcy Code can now pay their dues. As per the revised plan approved by the Supreme Court, these homebuyers have a 30-day window to settle their dues. An additional 163 home buyers who have paid less than 80% of the flat's value are eligible for a refund under the approved resolution plan. Moreover, 430 other entities have booked apartments in projects deemed unviable. In their case, the refund will be determined according to the formula applied to other project participants, reported the Times of India.

SRF Ltd. traded 0.17 per cent down at Rs 2581.75 on Wednesday at around 11:01AM (IST), while the benchmark BSE Sensex declined 395.22 points to 82160.22. As many as 4,990 shares changed hands on the counter with a total value of Rs 1.28 crore.

Marico Ltd. dropped 0.61 per cent to Rs 636.15 at 11:41AM (IST) in Wednesday's trade. The counter has hit a high of Rs 643.0 and low of Rs 633.1 so far during the session. The stock had closed at Rs 640.1 in the previous session. The counter has had a total traded volume of 12757 shares so far with a value of Rs 0.82 crore on the NSE. It traded at a price-to-earnings multiple of 54.22 and a price-to-book ratio of 16.73.

Lupin Ltd. traded 0.52 per cent up in Wednesday's trade at 11:31AM (IST). Around 8,398 shares changed hands on the counter. The stock opened at Rs 2220.75 and touched an intraday high and low of Rs 2263.5 and Rs 2205.25, respectively, in the session so far. Shares of the company of Lupin Ltd. quoted a 52-week high of Rs 2272.0 and a 52-week low of Rs 1091.8.

In recent days, the streets of Calcutta and Kerala have witnessed many protests against violence aimed at women. Will these protests change the attitudes of individuals or society at large towards women? Violence against women is a very complex behavioural issue. The incident that happened in the Kolkata hospital and the incidents that occurred in the Malayalam film industry represent two ends of the problem spectrum.

Here is a look at the revised charges from October 1. 1. Charges per quarter for not maintaining minimum average balance-SBA

Uttarakhand Chief Minister Pushkar Singh Dhami, while reviewing the Agriculture and Horticulture Department in the Secretariat on Tuesday, directed the officials to make effective efforts towards increasing the economy of farmers in the state more rapidly. «It should be ensured that farmers as a package. Programs should be organised at the state and district level so that farmers get the full benefit of various schemes being run by the central and state governments in the interest of farmers,» Dhami said. Dhami directed the officials in the meeting to expedite the construction of polyhouses, which would help increase the income of farmers and promote self-employment.

PI Industries Ltd. traded 0.05 per cent up at Rs 4541.35 on Wednesday at around 10:55AM (IST), while the benchmark BSE Sensex declined 443.38 points to 82112.06. As many as 2,977 shares changed hands on the counter with a total value of Rs 1.32 crore.

When Dana Saperstein quit her marketing job to spend six months hiking the Pacific Crest Trail, the then-31-year-old thought of it as a microretirement. “If I keep working myself to the bone until 60 years old, I might physically never be able" to hike the 2,650-mile Mexico-to-Canada trail, she said. Saperstein is among a small number of workers in their 20s and 30s borrowing years of freedom from their future selves to enjoy some of their retirement while they are still young.

Ajay Bagga, Market Expert, says the rural economy coming back is the bigger story. For banks, the issue is twofold. One is there is going to be a NIM compression given that there is a deposit war out there and that sustainable funding is still being sought. A big chunk of the financial savings are going into the markets through various instruments like mutual funds, insurance, provident funds, NPS, or direct investments. Bank deposits are hurting. They have to increase rates and that is causing a NIM compression. Long-term, banks will do well as they are the suppliers to a growing economy. But in the next six months, one can find much better returns in power financiers or insurance or mutual fund companies. How are you looking at the entire IT space, given that we have seen an outperformance continuing into this month? What do you expect the remainder of the year is likely to bring for the IT space? Ajay Bagga: IT is looking good. There is continued buying in IT and we expect better results coming in. The AI part, was the cause for worry and we had seen the employee headcount going down as well. Now we are seeing several end uses of AI coming in. The semiconductor companies, as the suppliers of the AI chain, were doing very well and the end user companies were looking at end-use cases, and in the centre were our IT companies.

«Although intermittent volatility cannot be ruled out, we expect the market to see a gradual up move with sectorial rotation, supported by rising hope of the US rate cut and FIIs turning buyers,» said Siddhartha Khemka, Head — Research, Wealth Management, Motilal Oswal.