UPS Financial News

Domestic benchmark index NSE Nifty ended 51.0 points up at 23567.0, while the BSE Sensex closed 141.34 points up at 77478.93.

Avadh Sugar & Energy Ltd.(up 3.58%), Bannari Amman Sugars Ltd.(up 3.37%), Magadh Sugar & Energy Ltd.(up 1.97%), Simbhaoli Sugars Ltd.(up 1.23%), Kothari Sugars & Chemicals Ltd.(up 1.05%), Shree Renuka Sugars Ltd.(up 1.00%), Bajaj Hindusthan Sugar Ltd.(up 0.99%), Mawana Sugars Ltd.(up 0.90%), Triveni Engineering & Industries Ltd.(up 0.75%) and KCP Sugar & Industries Corporation Ltd.(up 0.73%) stood among the top gainers.

Indian Express.Though the 52-year-old pacer was rushed to the nearby hospital, he succumbed to injuries.After his death, the Board of Control for Cricket in India secretary – Jay Shah – expressed his condolences. He took to X and wrote, “Deepest condolences to family and friends of our former Indian fast bowler David Johnson. His contributions to the game will always be remembered (sic)."Even former Indian legendary bowler Anil Kumble took to X and expressed his condolences.

A born-male hotel executive who identified as a woman had a request of her HR head. She wanted to work in the reception desk of the hotel in a sari. The senior approved.

“Kuch to gadbad hai, Daya (Something is certainly amiss, Daya)!" ACP Pradyuman may have drawn inference to the murky world of financial influencers across social media in the reel world if ‘CID’ was tasked to investigate the labyrinthine world of online stock trading advice, where the rules are blurred and profits beckon. However, in the real world, he is as much a part of the systemic rot, wittingly or unwittingly, as he shares screen space with ‘Captain Cool’ Mahendra Singh Dhoni in promoting a popular platform offering futures and options subscriptions by Securities and Exchange Board of India (Sebi)-registered analysts (RAs).

chemical companies are expected to realign their capital allocation requirements. Large companies in this sector have softened their near-term stance on capex. SRF Ltd has targeted ₹2,000-2,100 crore of capex in FY25 after spending about ₹3,000 crore in FY24.

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Modi 3.0 administration, with a pronounced emphasis on boosting economic growth across various sectors. The government's proactive policies and initiatives are creating a ripple effect, positively impacting industries from infrastructure to technology. Among the most notable sectors experiencing robust growth is defence, spurred by announcements aimed at fortifying India's military capabilities.

Stock market today: The domestic benchmark equity indices, Sensex and Nifty 50, ended Thursday's session in green after struggling through some volatility during the trade. Metal, real estate, and bank stocks led the indexes, despite a lack of strong global indications.The 30-share BSE Sensex ended higher by 141.34 points or 0.18% at 77,478.93 level while the Nifty 50 closed at 23,567.00 level, up 51.00 points or 0.22%.On the broader market front, the Nifty Midcap 100 closed 0.95% higher, while the Nifty SmallCap 100 ended up 0.61%, both outperforming the benchmark indices. The fear gauge index, the India VIX closed 2.68% lower on Thursday.

Diaphanous origami-like sculptures that floated like spring seeds caught in the wind captured the essence of the subtle, rich, and exquisite display from Issey Miyake at Paris Fashion Week — one of the strongest in seasons

A state-owned Dutch company that is the biggest electricity grid operator in Germany says talks on selling its German business to the government in Berlin have been terminated due to the administration’s budget constraints

One of the founders of OpenAI who was involved in a failed effort to push out CEO Sam Altman says he’s starting a safety-focused artificial intelligence company

Shares of Persistent Systems Ltd.(up 1.46 per cent), Tech Mahindra Ltd.(up 0.87 per cent), LTIMindtree Ltd.(up 0.65 per cent), MphasiS Ltd.(up 0.4 per cent) and Infosys Ltd.(up 0.27 per cent) ended the day as top gainers in the pack.

Benchmark NSE Nifty closed 51.0 points up at 23567.0 amid buying in frontline bluechip counters.

The NSE Nifty index ended the session 51.0 points up at 23567.0, while BSE Sensex rose 141.34 points to 77478.93.

FSN E-Commerce Ventures (Nykaa) with a target price of ₹220, implying an almost 28 percent upside. Jefferies has projected that Nykaa could achieve a compound annual growth rate (CAGR) of approximately 20 percent between FY24 and FY27.In its bull case scenario, growth could reach 25 percent, while in the bear case, it may dip to 15 percent over the same period, said the brokerage.Furthermore, the brokerage sees Nykaa's target price at ₹250 (45 percent upside) in the bull case scenario and at ₹130 (24.5 percent downside) in the bear case scenario."Nykaa has been able to carve out a niche for itself through its focus on BPC, which differentiates it from horizontals (Flipkart and Amazon).

FACT (The Fertilisers and Chemicals Travancore) were locked in the 20% upper circuit limit at ₹1,093 apiece, resulting in a gain of nearly 71% in just 11 sessions. Similarly, other stocks such as Rashtriya Chemicals & Fertilizers, National Fertilizers, Madras Fertilizers, Chambal Fertilisers & Chemicals, Gujarat State Fertilizers & Chemicals, Paradeep Phosphates, Zuari Industries, and Coromandel International have all gained between 3% and 19% in today's intraday trade.Also Read: GSFC share price rises 7%: Prabhudas Lilladher expects more than 20% upside for the stockInvestors anticipate that the rise in MSP will enhance farmers' purchasing power, thereby stimulating their investment in agricultural inputs like fertilisers.

The first tender offer will be for up to 15% of the issued share capital of the company, excluding shares held in Treasury. It will run on a tender price equal to a 2% discount to the prevailing net asset value per share as at the calculation date, and will exclude the costs of implementing the tender offer. NextEnergy Solar fund NAV drops 8.4% amid reduction in power price forecasts The trust currently holds £863.3m in total assets with a market cap of £656.3m, according to data from the Association of Investment Companies. The second proposal is for a performance-related tende...

There have been stories in the media recently about the huge amount of cash that active equity mutual fund (MF) schemes have been sitting on lately. As of May 2024, in absolute terms, this amounted to around ₹1.17 lakh crore against ₹95,969 crore in December 2023, according to data from the financial services platform Fisdom. This sounds like a lot of money. But as a percentage of the total assets under management of equity MF schemes, it was at 5.1% in May and 4.9% in December, not materially very different.

Marico Ltd. gained 0.58 per cent to Rs 625.0 at 11:36AM (IST) in Thursday's trade. The scrip hit a high of Rs 628.9 and low of Rs 616.0 so far during the session. The stock had closed at Rs 621.35 in the previous session. The counter had a total traded volume of 11:36AM shares so far with a turnover of Rs 0.51 crore on BSE. The stock traded at a price-to-earnings multiple of 54.04 and a price-to-book ratio of 16.73.