UPS Financial News

In a post on X (formerly Twitter), Agrim Gupta pointed out that artificial intelligence (AI) systems today are capable of generating 10 times more pixels every two years. Based on his analysis of the rate at which AI-generated video is improving, he concluded that if things continue at this pace, we will have AI-generated TV shows by 2029 and full AI-generated movies by 2031. Services like Sora and Kling have already begun to show us what this might look like.

Tata Elxsi Ltd. traded 0.55 per cent up at Rs 6809.6 at 01:14PM (IST) on Tuesday, even as BSE benchmark Sensex gained 369.1 points to 79128.5. The scrip had closed at Rs 6772.1 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 9191.1 and Rs 6406.6, respectively.

Indian consumers prefer human customer service support when shopping online, according to an EY report. While 61% consumers find AI driven product recommendations extremely beneficial, data breaches are the primary cause for concern among Indian online shoppers. 84% consumers have made purchases based solely on the recommendations or promotions of influencers as per the recent EY Future Consumer Index (FCI), which included responses from 1,000 Indian participants within a worldwide poll.

Orient Green Power Company Ltd.(up 4.96%), Neueon Towers Ltd.(up 4.77%), Transformers & Rectifiers(India)Ltd.(up 2.92%), Indowind Energy Ltd.(up 2.88%), CESC Ltd.(up 2.32%), PTC India Ltd.(up 2.04%), Karma Energy Ltd.(up 2.03%), Power and Instrumentation(Gujarat)Ltd.(up 2.00%), Gujarat Industries Power Company Ltd.(up 1.97%) and Torrent Power Ltd.(up 1.95%) were among the top gainers.

Havells India Ltd. traded 0.87 per cent higher in Tuesday's session at 01:19PM (IST). The stock opened at Rs 1761.25 and has touched an intraday high and low of Rs 1810.75 and Rs 1761.25, respectively, during the session so far. The stock quoted a 52-week high of Rs 1986.55 and a 52-week low of 1233.1. About 7,677 shares changed hands on the counter so far.

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Cummins India Ltd. traded at Rs 3529.9 on BSE at 01:04PM (IST) on Tuesday, up 0.92 per cent. The stock quoted a 52-week low price of Rs 1590.3 and a high of Rs 4169.5. Earlier in the day, the stock saw a gap up opening.

The concept of a surcharge is simple – it’s an extra tax on your total tax liability if your income exceeds ₹50 lakh. Under the new tax regime, the surcharge is 10% for taxable income above ₹50 lakh up to ₹1 crore, 15% for taxable income above ₹1 crore up to ₹2 crore, and 25% on income above ₹2 crore. In practice, though, it’s anything but simple.

Ajay Bagga, Market Expert, says Prepare for the worst scenario, do not panic, that is the mantra. I do not think the worst is happening. Re-look at your asset allocation. Do not sell. There is no need to sell India in a scenario like this. Bagga says he has invested in the entire market and bought the indices. There will be a rotation out of sectors and into sectors. He knows the India story and so he bought the 500 indices, and smallcap and midcaps despite the 4% cuts. Bagga also says that this is not 2000, this is still not 2008, there is no contagion yet even though markets across the world are falling but it is not carried positions and contagion that is causing it. Are the markets reacting to yesterday's story or not? After a sell-off of this magnitude, concerns remain over what is happening in global markets and you wonder how insulated India is going to be. What is your view? Ajay Bagga: Definitely, the sentiment has turned quite negative and volatility has increased a lot.

The International Financial Services Authority (IFSCA), which regulates GIFT City, has proposed a reduction in the minimum ticket size for portfolio management services (PMS) from $150,000 to $75,000, or about ₹64 lakh at current exchange rates, according to a consultation paper released on Monday. This brings the minimum ticket size for PMS closer to the ₹50 lakh stipulated by markets regulator Sebi for onshore PMS schemes.

Even as newspaper headlines celebrate equity mutual fund inflows surpassing ₹45,000 crore in June, with systematic investment plans (SIPs) exceeding ₹21,000 crore (growing 9x in the last 10 years), we should remain cognizant that like any true market, equities have two sides to the equation–demand and supply. 

Deepak Fertilisers & Petrochemicals Corporation Ltd.(up 6.31%), Chambal Fertilisers & Chemicals Ltd.(up 2.84%), Gujarat Narmada Valley Fertilizers & Chemicals Ltd.(up 2.60%), Rashtriya Chemicals & Fertilizers Ltd.(up 2.59%), Gujarat State Fertilizer & Chemicals Ltd.(up 2.32%), The Fertilisers and Chemicals Travancore Ltd.(up 2.13%), Coromandel International Ltd.(up 2.07%), Zuari Agro Chemicals Ltd.(up 2.02%), Madras Fertilizers Ltd.(up 1.79%) and Aries Agro Ltd.(up 1.77%) were among the top gainers.

Yen carry trade and recessionary fears in the US haunting equity investors worldwide, mutual fund investors are worried whether they should book some of the profits or instead gradually increase their SIPs. With the Sensex having fallen 4% from peak, analysts say the market correction provides the investors an opportunity to purchase more units at a lower price. “Investors with a long-term horizon should strongly consider topping up their SIPs during market dips, as this strategy can significantly enhance long-term returns. Market corrections provide an opportunity to purchase more units at a lower price, which can improve overall returns when the market eventually recovers. By regularly investing through SIPs and taking advantage of dips, investors benefit from rupee cost averaging, reducing the impact of market volatility over time,” recommends Sagar Shinde, VP Research, Fisdom. Also Read | 5 equity mutual funds multiplied SIP investments over 2.5 times in 5 years

Bharat Forge Ltd. gained 0.59 per cent to Rs 1560.15 at 10:56AM (IST) in Tuesday's trade. The counter has hit a high of Rs 1606.15 and low of Rs 1558.45 so far during the session. The stock had closed at Rs 1550.9 in the previous session. The counter has had a total traded volume of 14203 shares so far with a value of Rs 2.24 crore on the NSE. It traded at a price-to-earnings multiple of 76.83 and a price-to-book ratio of 7.33.

REC Ltd. traded 1.17 per cent up at Rs 585.85 at 10:51AM (IST) on Tuesday, even as BSE benchmark Sensex gained 424.29 points to 79183.69. The scrip had closed at Rs 579.05 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 653.9 and Rs 198.95, respectively.

Home essentials are well-covered too, with attractive discounts on air conditioners, washing machines, water purifiers and more. These appliances will enhance your living environment, providing comfort, cleanliness, and convenience.

Middle class’ is a term used rather loosely by individuals wanting to project that they are not as well-off as others think they are. And it has been used extensively on social media since the Narendra Modi government decided to remove indexation benefits available on long-term capital gains made on the sale of property. We have been told by rich mutual fund agents, chartered accountants and registered investment advisors in the business of managing other people’s money that this is an anti-middle class move.

foundit’s recent report on skills assessment trends in India shows that the top-paying skills today are artificial intelligence, machine learning and product management. Here is a look at the specific skills in each vertical and the salary for these roles, according to foundit: AI&ML

MphasiS Ltd. traded at Rs 2679.55 on BSE at 11:16AM (IST) on Tuesday, up 1.07 per cent from previous close. The scrip quoted a 52-week low price of Rs 2068.45 and a high of Rs 3079.2.

The stock quoted a 52-week high price of Rs 1148.3 and low of Rs 635.2.

Brigade Enterprises Ltd.(up 5.72 per cent), Godrej Properties Ltd.(up 3.46 per cent), Prestige Estates Projects Ltd.(up 2.76 per cent), DLF Ltd.(up 2.09 per cent) and Phoenix Mills Ltd.(up 1.86 per cent) were among the top gainers.