UPS Financial News

TV18 Broadcast and Network18 Media and Investments surged up to 13% to their respective day’s high of Rs 54.26 and Rs 106 on BSE after the Competition Commission of India (CCI) approved the merger between Reliance Industries-promoted Viacom18 and Walt Disney-owned Star India. The shares of TV18 Broadcast rose 13.2% while those of Network18 Media surged 10%.

Shriram Finance Ltd. gained 1.6 per cent to Rs 3253.35 in Thursday's trade as of 10:15AM (IST). The stock hit a high price of Rs 3262.65 and low of Rs 3182.85 during the session.

substantial increase in lot sizes. Over time, this may become a market for deep-pocketed investors, those who can afford to take some big risks. So, why do retail traders usually lose money trading options? Why does that not happen with stocks? Well, it’s because stocks are simple, relative to options.

REC rallied 2% to Rs 552.35 and 3% to Rs 636.15, respectively, as global brokerage UBS initiated coverage on the stocks, viewing them as key financiers for high-growth renewable power generation and infrastructure capex. UBS has given both stocks a buy rating, with a target price of Rs 670 for PFC and Rs 720 for REC.

Brigade Enterprises Ltd.(up 2.25 per cent), Macrotech Developers Ltd.(up 1.46 per cent) and Prestige Estates Projects Ltd.(up 1.29 per cent) were among the top gainers.

REC Ltd. rose 1.6 per cent to Rs 628.5 in Thursday's trade. It hit an intraday high of Rs 636.15 and low of Rs 626.0, respectively, during the day. The stock quoted a 52-week high price of Rs 653.9 and low of Rs 230.6.

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Bajaj Holdings & Investment Ltd. traded 0.34 per cent up at Rs 10009.95 at 10:20AM (IST) on Thursday, even as BSE benchmark Sensex gained 194.2 points to 81979.76. The scrip had settled at Rs 9975.1 in the previous session. The stock quoted a 52-week high price of Rs 10413.55 and 52-week low of Rs 6634.6, respectively. As per BSE data, total traded volume on the counter till 10:20AM (IST) stood at 525 shares with a turnover of Rs 0.53 crore.

HCL Technologies Ltd.(up 1.07 per cent), Tata Consultancy Services Ltd.(up 0.89 per cent), Tech Mahindra Ltd.(up 0.72 per cent), L&T Technology Services Ltd.(up 0.53 per cent) and Wipro Ltd.(up 0.4 per cent) were among the top gainers.

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. According to the Sebi mandate, short duration funds can invest in debt instruments which have maturity between one and three years. That means these schemes are meant for short-term investments of up to three years or more. They are somewhat in the middle when it comes to interest rate risk. They are riskier than liquid, ultra short term, and low duration funds. However, they have a lower risk compared to medium duration and long-term funds. Also Read |Best medium to long duration funds to invest in August 2024

Pokarna Ltd.(up 10.80%) and Sandur Manganese & Iron Ores Ltd.(up 0.55%) were among the top gainers.

MUMBAI: Raj went through a divorce five years ago and is now remarried to Anita (who is also divorced from her husband). Raj has two children from his previous marriage and one from his new marriage. Anita has one child from her previous marriage as well. Raj hasn’t formally adopted the child of Anita’s previous marriage. 

The outbreak of covid in 2020 sparked a global war against a deadly new virus. Away from the spotlight, it also triggered a grand domestic battle between advocates of allopathy and Ayurveda. The trigger was Patanjali Ayurved’s quick launch of Coronil, a purported ‘cure for corona’ that drew public attention to dodgy claims and protests from allopathic doctors.

Anshul Saigal, Founder, Saigal Capital, says putting new money in spaces that have done well recently and where you are chasing returns is a fool's paradise. It is that space where an investor can burn his fingers and then be out of the market for the next four to five years and come back again when the markets are at peak. That is not the space to look at now. It is really the Nifty 50 and the large-caps which have relative value. If you want to put new money to use, it is there that you should be investing. Do you think the underperformance in banks is finally coming of age because while the Nifty is still at a fresh all-time high, so are a lot of other individual indexes, which is not quite the case with Nifty Bank? Anshul Saigal: Yes, banks have been a rank underperformer in the last six-eight months. While other segments of the market have rallied as they have, banks have done nothing. Some of that is because banks have been in over-owned space in the last so many years. Because they are about 30% to 35% of the index as a constituent, banks are highly owned by the Street and at this time even though valuations look reasonable because of certain headwinds on their operations, banks are not the favoured space.

Abhishek Basumallick, Founder & Chief Equity Adviser, Intelsense Capital, says IT looks to be picking up. Chemicals, look interesting, as are pharma, auto, and auto ancillaries. Basu mallick says he is fairly bullish on the Indian manufacturing theme, not only for the near future but at least for the next three to five years. India is focusing on manufacturing and we are seeing changes happening slowly. This is a definite theme. It is not going to happen overnight. The results are going to take five years, maybe even a decade to play out. Markets are again hitting fresh highs, at least the Nifty. But given the current scenario and the valuations in the market, is it advisable to go all in? Abhishek Basumallick: The markets have been slightly on the expensive side for a while now. Globally, other than the US, we are the only market where we are seeing strong GDP growth and strong business performance. I doubt if the Indian markets are going to get cheap anytime soon. We might see intermediate corrections once in a while and that is par for the course in a bull market. But I do not see that valuations are going to be very cheap anytime soon.

Kamala Harris and Tim Walz will be seen together for the first time on screens, appearing for a joint interview on CNN on Thursday, according to CNN's latest announcement. This major interview was in the pipeline for some time now and will be conducted by CNN'S Dana Bash, who will obviously try to leave no stones unturned in giving the Americans a literal treat.

Nvidia's quarterly forecast on Wednesday failed to meet lofty expectations of investors who have driven a dizzying rally in its stock as they bet billions on the future of generative artificial intelligence. Shares of the chipmaker fell 6% in after-hours trading, weighing on shares of other chipmakers. The report has been seen as a day of reckoning for the tech sector and the results were treated as mixed, despite heady growth and profit.

Sebi) on Wednesday cautioned investors to be careful while investing in stocks of small and medium enterprises (SMEs) even as their initial public offerings continue to see huge oversubscriptions. «It has come to the notice of Sebi that, post-listing, some of the SME companies and their promoters have been resorting to certain means that project an unrealistic picture of their operations,» Sebi said in a release.

Bernstein has initiated coverage on seven retail and restaurant companies — Avenue Supermarts, Trent, Aditya Birla Fashion & Retail, Jubilant FoodWorks, Westlife Foodworld, Devyani International and Sapphire Foods India. The firm has ‘outperform’ rating on Avenue Supermarts, Trent, Jubilant FoodWorks and Devyani and ‘underweight’ on Aditya Birla and Westlife World. Bernstein said that as organised retailers scale up, tremendous value creation opportunities can be accessed currently by unlocking demand beyond the top 40 cities and the top 10% of the pyramid of the Indian middle-class market.

interest rate cut in September and a weaker dollar, as traders awaited jobs data and a key inflation print from the world's top economy for signals on the Federal Reserve's policy path.

Donald Trump's election campaign took a jibe at Vice-President Kamala Harris ahead of her first joint interview with Tim Walz, her running mate, and said that she is scared to interview on her own. Notably, Harris agreed to a joint interview with Walz, who is her running mate for the elections, The Hill reported. Harris and Minnesota Governor Walz will participate in their first joint interview with CNN on Thursday. CNN's Dana Bash will conduct the interview, which is set to air at 9 pm EDT. Sharing a post on X, the Trump War Room said, «It's no coincidence that Kamala's first interview is scheduled for the Thursday night before Labor Day weekend. They already hope it gets lost — and it hasn't even aired yet.»