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Since the majority of Nifty Bank constituents are yet to announce their figures, traders appeared more inclined to take a risk-on approach, especially since we are coming off a low base, says Anand James, Chief Market Strategist, Geojit Financial Services. «Though the 20-day SMA at 52375 could pose some challenge to Nifty Bank’s ascent, we are counting on the oscillator divergences as well as Friday’s bullish engulfing pattern to provide enough momentum to see 53000,» he says.

Jonathan Schiessl, Deputy CIO, Westminster Asset Management, says when it comes to realty stocks, from a stock market perspective, there is the question of whether the companies at play are playing into the bigger picture or whether they are playing into more regional and local pockets of wealth, etc. So, one has to be careful in the stocks one is looking at. Further Schiessl says in autos, they have some exposure to Maruti, but they are quite selective about that. Tata Motors is having ongoing issues with Jaguar Land Rover and that keeps Schiessl on the sidelines in that sector. What do you make of the real estate market in India if you have been tracking that? The upper end of the market was doing very well, but at some point of time, the cycle was expected to turn. Do you see that happening now or it is still a bit away? Jonathan Schiessl: Yes, it is part of the Indian markets, which we do not do a huge amount of work on, if I am honest. We have looked at a few of the high-end developers previously, but obviously real estate of all industries is very localised. It is difficult to put a broad view on the entire space. But that said, clearly some companies in certain pockets have done extremely well more recently. Clearly, the underlying economy is humming along quite nicely and certain companies in certain localities are doing well but it is not something to focus on too much.

Swadesh Chatterjee has said the community is hesitant to vote for Vice President Kamala Harris in the November 5 election as she has not developed a base among them in her previous roles as Senator or the Attorney General of California. A Padma Bhushan awardee of 2001, the Democratic community has created the "Indian Americans for Harris" group and has been campaigning for her not only in the state of North Carolina, where he is based, but is also organising support for the vice president in other battleground states. While accepting that the community is hesitant to vote for her overwhelmingly because they do not know her well, Chatterjee said that Harris, as the Attorney General of California, did not build up an Indian American base and was not a part of any community meetings or any of their events as a Senator. «She did not have that kind of base though she is of Indian origin,» he told PTI in an interview.

Nischal Maheshwari, Market Expert, says BFSI accounts for more than 50% of revenues for most of the IT companies. If BFSI starts turning around, it is really good for the IT sector. Also, interest rates cuts have started happening in the US and that is where the discretionary spend should also start going up. So, hold on to your IT stocks. At every dip, IT is a buy. On the other hand, RBI has given a clear hint to NBFCs to go slow on the growth part. It is best to avoid all the NBFCs for the moment. What are you making of this extremely volatile market and complete disconnect from what the Western markets are doing – both Europe as well as the US? Nischal Maheshwari: Some amount of profit-taking is happening in India. Yes, it is a bit of a disconnect. If you compare this, it has been a very solid market as far as the US is concerned and even in Southeast Asia. But here we are seeing some amount of profit-taking, some amount of disappointment as far as earnings are concerned in the current quarter.

Prashant Vihar area after the blast happened near a CRPF school. «It wasn't like a firecracker, the sound was incredibly loud. And for 15-20 minutes, there was just smoke everywhere,» said Kiran Sachdeva, a resident of the locality. Sachdeva, in her 60s, described the blast as an «earthquake-like» shock, and said her house was about 200-250 meters away from the site.

Russia's top diplomat has said that his country believes that India, Brazil and African countries should be represented in the UN Security Council on a permanent basis to ensure the representativeness of the global majority, state-owned TASS news agency reported on Sunday. «Countries such as India, Brazil, as well as representatives of Africa should have been on a permanent basis in the Security Council for a long time. This is necessary to ensure representativeness, representation of the global majority,» Russian Foreign Minister Sergey Lavrov told aif.ru. in an interview, TASS reported. India has been at the forefront of years-long efforts calling for reform of the Security Council, including expansion in both its permanent and non-permanent categories, saying the 15-nation Council, founded in 1945, is not fit for purpose in the 21st Century and does not reflect contemporary geo-political realities. Delhi has underscored that it deserves a permanent seat at the horse-shoe table. Last month, British Prime Minister Keir Starmer joined US President Joe Biden and French President Emmanuel Macron in backing India's bid for a permanent seat on the United Nations Security Council (UNSC).

Subscribe to enjoy similar stories. Nine developers won the final bids for the Yamuna Expressway Industrial Development Authority (Yeida)’s residential group housing plots in sector 22D and 18, Greater Noida in the Delhi-NCR region. The Yeida auctioned nearly 287,000 square meters as 19 prime plots in sectors 17, 18, 19 and 22D, out of which nine deals were closed.

RJ Sankara Eye Hospital in his Varanasi Lok Sabha constituency. Reciting the Sanskrit couplet «Tamaso ma jyotirgamay (lead me from darkness to light)», Modi also said that he was feeling «blessed» to be back in Varanasi again. «For a long time, Kashi's identity has been that of a centre of religion and spirituality but now, it is also set to emerge as a big centre of healthcare with various top-of-the-line health treatment facilities now available in Varanasi,» the prime minister said.

Subscribe to enjoy similar stories. NEW DELHI : Since the 1990s, Photoshop, an image-editing software, has become a colloquial verb for photo retouching. However, over the past two years, generative artificial intelligence (AI) has changed the way photo editing has worked so far, automating most of the steps into one-click commands.

Neeraj Chopra, who recently fractured his hand while training for Diamond Leagure as well his ongoing troubles with groin injury has opened on his insecurities as he sets eyes for his dream of 90m throw. On his future plan, Neeraj said his target was to throw beyond 90 metres. «Everyone expected a gold from me at the Paris Olympics. I was confident of gold but had a fear of injuries. I won medals in two World Championships, but injury still bothers me and prevents me from training effectively. I can't push myself. I know I can do better, but I lack confidence due to injury. I want to be fully fit before returning to the field,» he said. «After that, the journey through Diamond League, Asian Games, and Olympics was good. I am grateful to God for what I have achieved. However, I won't stop here. Winning gold at the World Championship for the country has now become my mission,» he said.

New Zealand in the first Test, Indian skipper Rohit Sharma acknowledged that «games like these» happen, while further affirming to move forward and give it all as a side in the next two Tests. Bengaluru's crowd witnessed history in the making as Rachin Ravindra, Matt Henry and William O'Rourke shined to deliver a crushing eight-wicket loss to India on Sunday, despite a fine fightback from Indian batters in the second innings after being bowled out for 46 runs. This is the first Test win by the Blackaps in India since 1988.

Subscribe to enjoy similar stories. Quiet luxury may be having a moment globally but there was nothing quiet about the menswear showcased at the recently concluded Lakme Fashion Week in partnership with FDCI (Fashion Design Council of India). Sequinned vests, embellished trouser suits and fringed cocktail coats made their presence felt at Line Outline by Deepit Chugh and Rahul Singh.

NSE) will conduct its annual Diwali Muhurat trading session on Friday, November 1, 2024, from 6:00 PM to 7:00 PM, marking the beginning of the Hindu calendar year Samvat 2081. While the market will be shut for normal trading to mark Diwali, the special trading window will be open for just one hour in the evening. NSE said that the pre-opening session will be conducted from 5:45 pm-6:00 pm.

Corporate Social Responsibility (CSR) funds. CPSEs have to spend 60 per cent of their CSR funds on the theme set for a particular year. «We have added PM's Internship Scheme to 'Health and Nutrition' as the common theme for CSR activities by the CPSEs for 2024-25. CPSEs will spend 60 per cent of their CSR funds towards 'health and nutrition' and PM's Internship Scheme this fiscal,» an official told PTI. The Ministry of Corporate Affairs, earlier this month, started enrolling companies as well as interns under the Prime Minister's Internship Scheme. Over five years, the scheme envisages providing internships to 1 crore youth.

Subscribe to enjoy similar stories. You always felt they outnumbered you. They were determined and resilient in a way you felt you were not.

Tech Mahindra posted a 46.8% sequential rise in net profit at Rs 1,250 crore in the fiscal second quarter propelled by a sharp focus on margins and a one-time gain from the sale of land. Profit surged 153% from a year earlier. India’s fifth largest software services company recorded a 2.4% sequential rise in revenue from operations at Rs 13,313 crore in the three months ended September. Revenue rose 3.5% year-on-year, rebounding after four straight quarters of decline. Revenue growth was led by the largest vertical of communication, as well as hi-tech and media verticals, according to the company.

Like most banks, Goldman Sachs is trying to diversify away from the white men who comprise most of its employees, particularly at senior levels. In the process, it's proven willing to be unusually frank in confronting difficult issues. 

rate rationalisation, has suggested changes in rates of multiple goods, as well as moving of shoes and watches priced above a certain threshold to the 28% tax bracket, from 18% now. The suggestion to introduce a price-based determination for GST could push more premium products to the 28% slab, according to experts. The group of ministers will meet again next month before finalising its report. The GST Council will take a final decision on any changes to the tax rate. A separate group — looking into taxation of insurance products — has favoured exempting health insurance products for senior citizens and reducing tax to 5%, from 18% now, on products providing health cover up to Rs 5 lakh, sans any input tax credit.

A major redesign has been proposed for Manhattan’s famed luxury store row Fifth Avenue

Up until Thursday, some people may have heard Ryan Wedding’s name but most were probably unaware of his existence.

ET Now: Give us a sense of the moves we've seen in the market this week. What is your take on the volatility we’ve experienced, with the market being in the red most of the week? On the last trading day, we saw a mild recovery. Do you think this is the start of a recovery, or is it just a one-off good day?