The rupee was at 83.3950 against the U.S. dollar as of 10:20 a.m. IST, weaker by 0.2% compared with its close at 83.1850 on Wednesday. Indian financial markets were shut on Thursday for a local holiday.
The electric scooter segment in India is set for a fierce battle between legacy and new-age OEMs with the launch of Ather Energy's Rizta. Distribution and finance options in small towns and cities will determine the outcome. Legacy OEMs like TVS and Bajaj are expanding their networks, while new-age OEMs face challenges in rural areas due to financing limitations. Offering affordable solutions and innovative financing options could change market dynamics in favor of new-age OEMs.
The Nifty Pharma index was trading 0.62 per cent down at 18997.8.
The price of Bitcoin has another important factor influencing it - the mining rewards. In layman's terms, the miners who are needed to validate Bitcoin transactions are “rewarded” for their efforts with Bitcoins itself. This is the only way new bitcoins or BTC are made available in the system.
Ashiana Housing, D P Abhushan, Ramco Systems, Krystal Integrated and Puravankara, hit their fresh 52-week highs at 11:15AM.
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TV broadcasters in Mumbai anticipate sluggish revenue growth in the first half of 2024 due to a subdued ad market and restrictions on increasing channel prices during the general elections. While political advertising may provide relief, challenges persist with subscription revenue, digital competition, and sports broadcasting.
Participating contingents from the Indian Armed Forces and the Armed Forces of the Republic of Uzbekistan will undergo joint training sessions during the exercise.
A total of 149,725 shares changed hands on the counter till 11:11AM (IST).
Goldman Sachs' ratings triggered price movements, with Syngene and Neuland rising but Laurus falling. Syngene is set to benefit from China+1, while Neuland sees growth opportunities in APIs and chemistry solutions. In contrast, Laurus faces challenges in its business transition and growth prospects.
Nifty opened higher and maintained its gains throughout the day. It closed with a net gain.
Bengali district Elections Sections are using various animal mascots to encourage voters to exercise their democratic rights and attend polling stations. The mascots are inspired by various Bengali animals, such as 'Gendu', 'Mohanbao', 'Baghu', and 'Dareeling hills'. The campaign aims to highlight Bengal's rich cultural diversity and encourage voters to participate in the electoral process. The mascots are based on characters closer to the voters' hearts, such as 'Teesta', 'Vote Gopal', 'Batul the Great', and 'Ghotoknath'.
The recent arrest of Bharat Rashtra Samithi functionary K Kavitha by the Central Bureau of Investigation has raised concerns about the fate of Delhi Chief Minister Arvind Kejriwal, who was arrested by the Enforcement Directorate earlier. Investigators allege Kejriwal's involvement in a bribery scandal related to Delhi's excise policy. CBI's scrutiny includes Kejriwal's purported communication with arrested individuals and verification of retrieved iCloud data.
The NSE Nifty index was trading 92.0 points down at 22661.8
Private equity investors injected USD 10.7 billion (INR 843 billion) into the sector across nearly 100 deals from 2021 to 2023. Transaction volumes have increased by over 25% annually, with investment values rising 13.7%, reaching USD 3.9 billion in recent years.
Steve Englander predicts Fed rate cuts reduced to twice in 2019, with first cut likely in July. Market uncertainty prevails due to inflation concerns, affecting risk trade performance amid slow rate cut expectations. Englander says: "If you were to tell the market right now, cutting rates is out of the picture, we would see the risk trade a lot more poorly than it has so far."
Kerala's ruling CPI(M) and opposition Congress have collapsed due to appeasement politics pursued by these parties to win over extremist elements in the state. Senior BJP leader Prakash Javadekar alleged that the Congress-led UDF and the CPI(M)-headed LDF are fighting the polls solely on the agenda of extremist elements, focusing on issues like CAA and Palestine instead of prioritizing a development agenda. This has led to the other sections of society, considered the backbone of the Left party and the Congress... Читать дальше...
JM Financial projects significant growth for Bharti Hexacom Ltd (BHL) with a buy recommendation, aiming for a target of Rs 790. BHL's strong presence in high growth markets and focus on wireless ARPU growth make it a promising investment.
The 30-share BSE Sensex was down 353.79 points at 74684.36
India VIX, a measure of volatility in Nifty, was reported at 11.36, up 2.29% over Wednesday's closing. Indian equity markets were closed on Thursday on account of Eid-Ul-Fitr (Ramzan Id).
Bengaluru's tech prowess is overshadowed by a severe water crisis. The city's infrastructure strain, political promises, and ongoing projects like Cauvery V stage underscore the critical need for sustainable water management in the bustling tech hub.
TCS anticipates sequential growth in Q4 driven by BFSI and manufacturing sectors. Operating margin estimates 25.2-27.2%. Key focus on FY25 outlook, Hi-Tech, telecommunications, US, Europe, and Accenture Plc. Investor interest in Dalal Street.
Nutrients in milk: Milk is a powerhouse of nutrients beyond just calcium! Here are 10 vital nutrients found in milk, aside from calcium
The Relative Strength Index of the stock stood at 84.7 on Friday.