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Refresh- Shares of Mphasis fall as Nifty drops
On the technical charts, the 200-day moving average of the stock stood at Rs 2410.62.
- Stock market update: Stocks that hit 52-week highs on NSE
Eldeco Housing, Par Drugs & Chemical, KM Sugar Mills, Sri Adhikari and Bajel Projects, hit their fresh 52-week highs at 10:44AM.
- Silent undercurrent brewing across west UP against Modi govt's 'failures' : Congress
Elaborating on what he said were "jumla details", Ramesh said Uttar Pradesh is India's largest sugarcane producer and yet, the BJP government has "neglected" farmers' calls to increase the price of sugarcane. "Prices stand at just Rs.360/quintal in UP, much lower than Rs.386/quintal in Punjab and Rs.391/quintal in Haryana. Price hikes have also failed to keep pace with inflation and farmers are now struggling due to the rising cost of fertiliser and pesticides," he said
- Stock market update: Sugar stocks down as market falls
The 30-share BSE Sensex was down 388.58 points at 72100.41
- Iran-Israel conflict: 2-3% cut in Indian market likely, says Ajay Bagga
“Markets are playing blind man's bluff and they are just selling off first and then asking questions, says Ajay Bagga. Do not try to time this market. We do not know where it will go and how far? Both are very strong missile-based powers and this could increase in scope very fast. So, it is very difficult to price this.”
- Netflix to stop reporting subscriber tally as streaming wars cool
Netflix halts quarterly subscriber reporting, signals growth slowdown. Stock falls on missed revenue forecast. Global total hits 269.6M. Ad-supported streaming attracts 9.3M. Focus on major milestones and competition from Walt Disney.
- Wipro shares under selling pressure ahead of Q4 results
Following disappointing Q4 results from Infosys, investor sentiment towards IT stocks soured, leading to pressure on Wipro shares. Wipro is slated to unveil its March quarter numbers post-market hours.
- Lok Sabha Election 2024: Tamil Nadu & UP voter turnout at 12%, West Bengal at 15% till 9 am
According to data published on Election Commision's TURNOUT app, Assam recorded a voter participation of 11.15%, while Manipur and Meghalaya saw turnouts of 7.63% and 12.96%, respectively, till 9 am.
- Siemens shares decline 0.23% as Sensex slides
A total of 4,012 shares changed hands on the counter till 10:35AM (IST)
- Gold Price Today: Yellow metal rises over Rs 100 to Rs 72,785/10 grams; silver at Rs 83,385/kg
On Thursday, gold June futures contract settled at Rs 72,683 per 10 grams while the silver May futures contract settled at Rs 83,851 per kilogram with a gain of 1.25%. Gold is expected to trade with a positive bias in the near term unless geopolitical tensions subside.
- 'Distressing': Indian woman in US laid off from Tesla after just two months in job. Now, faces visa pressure
Tesla recently announced a substantial workforce reduction, targeting over 10% of its employees to cut costs amidst heightened competition and declining sales. Around 14,000 workers, including Sneha Karnik, a former US-based Tesla employee, were affected. Sneha expressed her shock and disappointment on LinkedIn, citing her F1-OPT visa status as an added challenge.
- ICICI Lombard shares fall 0.78% as Nifty drops
A total of 9,107 shares changed hands on the counter till time (IST).
- IIT Kanpur’s e-Masters degree is providing finance professionals with a competitive edge to stay ahead of the curve
IIT Kanpur's e-Masters in finance explores interdisciplinary aspects, adapting to the evolving financial landscape. With high FinTech adoption in India, the program offers advanced knowledge for professionals. Alumni benefits and flexible learning enhance career opportunities.
- Stock market update: Power stocks down as market falls
The 30-share BSE Sensex was down 422.16 points at 72066.83
- 2024 Daytime Emmy Nominations: Full list, changes in categories, when and where to watch award ceremony
Nominations for the 51st annual Daytime Emmy Awards have been announced. It will be broadcast live on Friday, June 7, at 8 p.m. ET on CBS. It will also be available for live streaming and on-demand on Paramount+.
- Gold vs stocks: Bullion bulls race ahead in MF world. Which side are you on?
Gold and Silver commodity mutual funds have outperformed equity funds in the latest month. Notable performers include Invesco India Gold ETF FoF and Aditya Birla SL Gold Fund. Silver funds led by UTI Silver ETF FoF showed significant returns.
- How Anand Mahindra handled ex-Jet Airways CEO's 'incorrect analogy' critique on Dubai floods
Anand Mahindra engaged in a social media exchange with former Jet Airways CEO Sanjiv Kapoor regarding his comments on the flooding in Dubai. Kapoor criticized Mahindra's comparison of Dubai's flood situation with Mumbai's monsoon rains. Mahindra clarified that his intention was not to mock Dubai but to highlight the unusual weather event. Kapoor later retracted his statement, acknowledging Mahindra's perspective.
- First-time stock market investors can bet on these sectors and categories, say experts
Stocks for first time investor: Many individuals wanting to create wealth from stock markets have opened demat accounts. However, for those beginning their stock market journey, it is quite difficult to find the right sector or categories to bet on. ET Wealth asked the experts which sectors and categories, the first time stock market investors can invest in.
- SBI Card shares down 0.13% as Nifty falls
The stock quoted a 52-week high price of Rs 932.35 and low of Rs 678.8.
- Share market update: Most active stocks of the day in terms of total traded value
The NSE Nifty index was trading 123.2 points down at 21872.65
- Non-Life Insurance Booms: Health premiums exceed Rs 1 tn, motor crosses Rs 90,000 crore mark in FY24 surge
In the fiscal year 2023-24 (FY24), India's non-life insurance industry experienced significant growth primarily fueled by the health and motor insurance segments. Health insurance premiums surpassed Rs 1 trillion, marking a 20.2% increase, while motor insurance reached Rs 91,781.3 crore with a growth rate of 12.9%.
- Stock market update: Fertilisers stocks down as market falls
The 30-share BSE Sensex was down 359.98 points at 72129.01
- Mutual fund investment frozen for KYC? Know who can do Re-KYC online and who has to do it offline
KYC for mutual funds: It is a regulatory requirement that re-KYC be completed by many investors by April 1, 2024. Although the process of completing re-KYC is easy enough, the lack of clarity among investors is causing issues. There are reports of people's KYC getting 'registered' status and not 'validated'. Then there is the issue of using Aadhaar, etc.
- Share price of ACC jumps as Sensex drops 333.49 points
A total of 3,603 shares changed hands on the counter till 10:10AM (IST)
- UN Security Council of 70 years ago does not reflect the realities of today: US
US supports G-4 for UN Security Council permanency, urging reform for broader global representation. India leads reform efforts with G4 model proposal, challenging China and Russia's opposition to Council expansion.
- Iran-Israel war: Do not panic sell and do not catch falling knife: Anurag Singh
Anurag Singh advises against panic selling in Indian markets, recommending holding cash due to uncertain valuations. He says Indian and all other emerging markets face a little bit of danger because whenever oil spikes, dollar flight happens. But, he says, market recovery is anticipated sooner with strong back channel talks despite geopolitical risks.
- BIPAs vs FTAs: Balance of trade rests on finding an equitable equation
Both types of trade agreements have their merits and demerits. The government has to find the right mix to ensure investments that come into the country benefit the domestic economy in the long run.
- UK regulator says Google's ad-privacy changes fall short: report
WSJ reviews UK privacy regulator's critique of Google's Privacy Sandbox. Google plans to phase out third-party cookies by late 2024, under CMA scrutiny. Devika Nair, Nilutpal Timsina, Sonia Cheema report.
- Sensex falls! These stocks are down 5% or more on BSE
In the Nifty pack, 10 stocks were trading in the green, while 40 stocks were trading in the red.
- Avenue Supermart rises 1.72% as Sensex slides
The stock traded at a P/E multiple of 125.93, while the price-to-book value ratio stood at 13.72.
- Stock Radar: Delhivery takes support above 200-EMA; buy if you have medium-term time horizon
Delhivery stock consolidates near a 52-week high, showing potential for an upward trend. Short-term traders aim for 600 levels, while medium-term investors watch the bullish signals. Expert recommendations guide the investment approach, emphasizing risk management.
- Lok Sabha election begins: How Nifty may behave before results and which stocks to buy?
Investors monitor Sensex behavior during Lok Sabha election. FPIs sell Indian stocks. Hope for a good monsoon. Structural growth opportunity in Indian equities. Tata Steel, JSW Steel, Tata Motors, and HAL among recommended stocks.
- Israel attacks Iran on Iranian Supreme leader Ayatollah Khamenei's birthday
Israel reportedly attacked Iran in retaliation for a recent drone strike by Iran. The attack coincided with Ayatollah Khamenei's birthday, sparking speculation. Khamenei, Iran's Supreme Leader, wields significant power and leads the IRGC. Earlier, Iran retaliated against Israel for an attack in Syria. Khamenei vowed revenge, emphasizing Iran's territorial integrity. Khamenei's background reveals his journey to power in Iran's turbulent history.
- Best banking & PSU mutual funds to invest in April 2024
These schemes have become extremely popular after the troubles in the debt mutual fund space three years ago. The debt market was rocked by downgrades and defaults not long ago. Many conservative investors stopped investing in debt schemes because they were scared of getting back their money.
- Bitcoin's next 'halving' is right around the corner. Here's what you need to know
Sometime in the next few days or even hours, the "miners" who chisel bitcoins out of complex mathematics are going to take a 50% pay cut - effectively slicing new production of the world's largest cryptocurrency in half.
- Infosys shares drop 3% on Q4 miss. Should you buy, sell or hold?
Infosys shares fall 3% after revenue decline. EBIT margin declines to 20.1%. FY25 revenue growth guidance impacted by discretionary spending weakness. Brokerages cut target prices. Analysts remain optimistic about Infosys' growth potential in the future.
- Hot Stocks: Brokerage view on TVS Motor, Infosys, Bajaj Auto and HDFC Life
Brokerage Citigroup maintained a buy rating on HDFC Life, and JPMorgan remained overweight on Bajaj Auto and Infosys.
- Chinese exports are threatening Biden's industrial agenda
Americans are not alone in their complaints about China's new tide of exports. European leaders have raised similar concerns.
- Buy JSW Steel, target price Rs 1017: Prabhudas Lilladher
JSW Steel Ltd., incorporated in the year 1994, is a Large Cap company (having a market cap of Rs 205699.36 Crore) operating in Metals - Ferrous sector.
- This stock is set to zoom 13%; commercial service player aims at 7% rise
Nifty traded near its high point in the first half and then rapidly lost ground to close with a loss.
