Waves Financial News

asteroid may hit the Earth shortly. Will it create devastation and destruction? Or will the asteroid prove to be a damp cracker just to fizzle out after hitting the planet or even before it? Or will it not reach the Earth at all? None of the above-mentioned possibilities can be ruled out. National Aeronautics and Space Administration (NASA) has warned that a massive rock the size of an airplane may come closer to the Earth at a high speed on June 11, 2024, at 00:02 UTC. It has been named 2024 CR9.

Stocks in companies that own apartment buildings are holding up better than most other real estate investment trusts, as a tough U.S. housing market keeps demand for rental housing healthy and tenant turnover low

₹24,960 crores cumulatively during the last three days. Therefore the largecaps in sectors like financials and IT where FIIs have huge assets under management may underperform. This trend will change when FIIs turn buyers, which is inevitable.

Sensex gained 692.27 points, or 0.93%, to close at 75,074.51, while the Nifty 50 settled 201.05 points, or 0.89%, higher at 22,821.40.Also Read: Indian stock market: 7 key things that changed for market overnight - Gift Nifty, ECB rate cut to US jobless claimsNifty 50 formed a small positive candle on the daily chart with upper and lower shadow.“Technically, this pattern indicates a high wave type candle pattern, which displays ongoing high volatility in the market at the highs. Technically, such a high wave pattern after a reasonable upmove calls for a caution for impending reversal.

variants, collectively known as 'FLiRT' is spreading across the US, and has created a significant fear of a new summer wave. According to the U.S. Centers for Disease Control and Prevention, the FLiRT strains KP.2, KP.1.1, and KP.3 are the reason for nearly half of the Covid positive cases in the US. Since the early spring, these new strains have begun acting up, after which their cluster was collectively coined FLiRT.

Demand for work under the government's flagship rural job guarantee scheme fell for a seventh straight month through May, indicating stronger economic conditions at the start of the new financial year.

Baltimore and Washington under Flood Watches. The intense rainfall could overwhelm drainage systems and waterways, posing significant risks to urban areas and prompting officials to urge residents to stay alert and prepared for rapidly changing conditions, Fox Weather stated.

Mazagon Dock Shipbuilders has received a ‘sell’ call from domestic brokerage house ICICI Securities as it believes the positives have already been factored in.The brokerage has a target price of ₹900 for the stock, indicating a massive downside of over 66 percent from its previous close of ₹2,679.30 (as on June 4)."In our view, factoring in the potential orders of P75 (3 additional submarines), P75I, and next-gen destroyers, and margins at an elevated level in the near term, we believe the positives have already been factored in the stock price. We maintain SELL on MDL with a revised TP of INR 900 (earlier INR 880/share), as per DCF methodology," it said.The defence stock has delivered multibagger returns over the past year, soaring by 171% amid the PSU rally wave.

Also Read: Lok Sabha Election Results 2024: PM Modi set for historic third term; Congress emerges as strong opposition“Heat wave conditions very likely in isolated pockets of East Madhya Pradesh, Jharkhand during 04th-08th; Punjab, HaryanaChandigarh-Delhi, Rajasthan on 04th & 05th; Bihar during 05th-08th; Odisha during 04th-06th June, 2024," said IMD in its weather bulletin released on Tuesday.Lok Sabha Election Results 2024 LIVE UpdatesDespite a nominal reduction in temperatures, parts of Delhi, Uttar Pradesh, east Madhya Pradesh, will witness heatwave like conditions on Wednesday, June 5. Whereas, Kerala, Karnataka, Assam, Meghalaya, etc are expected to witness heavy rainfall today.Also Read: Lok Sabha Election 2024 Result: Amit Shah, Rahul Gandhi among leaders who won by biggest margins | Full list here“Heat wave conditions very likely to prevail in isolated pockets of Punjab, Haryana-ChandigarhDelhi, Uttar Pradesh, Rajasthan, East Madhya Pradesh, Bihar, Jharkhand, Odisha," IMD predicted in its latest weather bulletin.

Maharashtra, but not the kind the Bharatiya Janata Party (BJP) was expecting. The saffron party, which was talking of bagging more than 45 seats in the state, managed to get a lead in only 17 seats with the help of its allies- -the Shiv Sena and the Nationalist Congress Party (Ajit Pawar).

Looking at their tokenisation developments, Habteab told Finextra: “Not only is it powering up those merchants with the additional sales conversion, but it's driving really convenient, secure payment experiences for consumers.”

exit polls had predicted 22 to 35 seats to the Mahayuti and 15 to 26 seats to the MVA, however, the stituation today is looking reversed.The BJP had contested in 28 constituencies, while Shiv Sena (Shinde) fought in 14 and Ajit Pawar-led NCP in five. In the Maha Vikas Aghadi, Shiv Sena (UBT) contested in 21 constituencies, the Congress in 17, while the NCP (Sharad Pawar) in 10.Maharashtra's politics has become complex since 2022 after Shiv Sena and Nationalist Congress Party split into two parts.

constituency which has topped headlines, is set to be the Congress' throne this time as its candidate Shreyas Patel has secured a margin of over 40,000 votes against ex-JD(S) candidate and rape accused, Prajwal Revanna.

La Nina.El Niño, which began in June 2023, resulting in insufficient rainfall in India, and leading to water scarcity in some regions, besides droughts and prolonged dry periods across Asia is transitioning to El Niño–Southern Oscillation (ENSO)-neutral this month and the cooler phase, or La Niña, as early as in June-August or by July-September.More rain is expected in Bengaluru for the next two days with overcast conditions, followed by light to moderate thundershowers as southwest Monsoon advanced into some more parts of south Peninsular India on Monday, the weather bureau said.Meanwhile, heat wave conditions prevailed in isolated pockets in the central part of Uttar Pradesh, Punjab, Haryana, West Rajasthan, Himachal Pradesh and East Madhya Pradesh. Heatwave conditions have been prevailing over Haryana since 17 May and over Madhya Pradesh and Uttar Pradesh since 18 May.Also Read | Mint Primer | Into the 50s: Why heatwaves are hotter & longerOn Sunday, maximum temperatures witnessed a fall of 3-4°C over some parts of East Madhya Pradesh, 2-3°C fall in some parts of Interior Odisha, Vidarbha, Punjab and by 1-2°C over some parts of Haryana, West Uttar Pradesh, West Madhya Pradesh and adjoining East Rajasthan.Maximum Temperature on Sunday was in the range of 43- 45°C over some parts of north Rajasthan, south Haryana, Delhi, north Madhya Pradesh and southeast Madhya Pradesh; in the range 41-43°C over many parts of Punjab, remaining parts of Haryana, Delhi, south Rajasthan and Madhya Pradesh; over some parts of west Uttar Pradesh, Chhattisgarh, Vidarbha, Telangana, south interior Odisha.

BJP will win up to 7 seats in Kerala - either they are suffering from heatstroke or they don't understand Kerala. Some of these exit polls are also laughable for other reasons.

Binance, the world’s largest crypto exchange, is ceasing support and trading on all spot and margin pairs for four altcoins.

India VIX fell 22% to the day's low of 19.12 on Monday after a screaming call by exit polls suggesting the return of the incumbent Bharatiya Janata Party (BJP) led NDA government. At 1:20 pm India Vix stood at 20.21, down by 17.85% from 24.60 on Friday. According to the average of 12 exit polls, NDA is seen as winning 367 seats this time, improving its 353 count in the 2019 elections. Even the lowest forecast is that of 316 seats. While the NDA may fall short of its ambitious 'Abki Baar 400 Paar' target, traders see Nifty going beyond 24,000 this week.

Bank of Baroda leading the charge with a notable gain of 7%, followed closely by Bank of India with a rally of 4.7% and SBI with a solid 5% increase. Also Read: Indian Stock Market: Exit polls sentimental positive for capex stocks: JefferiesAdditionally, stocks such as Canara Bank, Indian Bank, Punjab National Bank, UCO Bank, Punjab & Sind Bank, Union Bank of India, Indian Overseas Bank, Bank of Maharashtra, and Central Bank of India all posted gains ranging between 3% and 4.9%.The majority of exit polls indicated that the BJP-led NDA alliance will comfortably secure between 350 and 390 seats of the 543 seats in the Lok Sabha, the lower house of India’s Parliament.A party or coalition needs 272 seats in parliament to form a government.

NEW DELHI : Car dispatches to dealers rose moderately in May, as India's automobile market enters a period of seasonally slow sales. During the month, wholesale shipments grew a modest 4.4% to cross 350,000 from a year earlier, data released by manufacturers showed. As intense heat waves in May kept potential buyers at home and the nation got busy with the general election, retail sales fell from April, but were flat from a year earlier.

Mexico will likely elect its first female president — a major step in a country long marked by its macho culture. The election is also the biggest in the country’s history. More than 20,000 congressional and local positions are up for grabs, according to the National Electoral Institute.