Election concerns weigh as only 11 smallcaps post double-digit weekly returns
Both the BSE Midcap and Smallcap indices lost over 4% each. In the smallcap pack, 11 stocks rose, with CarTrade Tech leading with 24% returns.
Both the BSE Midcap and Smallcap indices lost over 4% each. In the smallcap pack, 11 stocks rose, with CarTrade Tech leading with 24% returns.
Analysts said the state-owned lender's results, which beat estimates, were driven by better net interest margins (NIM) and other income, but deposit growth was lagging. However, the management guided for loan growth of 13-15%, prompting analysts to raise estimates.
Hindustan Zinc's rally to ₹540.95 was driven by silver prices and optimism, despite concerns like rising debt and limited free float. Analysts caution on valuations, advising buying on dips around ₹430 for short-term support.
Still, some investors worry the rally could stall without evidence that inflation is cooling again. While Fed Chairman Jerome Powell has reassured markets the central bank is unlikely to raise rates anytime soon, months of strong inflation have led to concerns that policymakers will not cut them this year.
Sixty years ago Simons -- who preferred to be known as Jim -- shifted course from teaching mathematics and working in U.S. intelligence to investing. His pioneering use of computer signals for trading decisions earned him the nickname "Quant King."
In an interview with Reuters, Atlanta Fed President Raphael Bostic said he still thought inflation was likely to slow under the current monetary policy and allow the central bank to begin reducing its policy rate in 2024 - though perhaps by only a quarter of a percentage point and not until the final months of the year.
Atlanta Fed President Raphael Bostic acknowledged recent clues the economy is slowing, but added the timing of rate cuts remains uncertain.
Several explicit videos involving Prajwal started making the rounds ahead of the first phase of Lok Sabha elections in Karnataka, which took place on April 26. The MP, a grandson of former prime minister H D Deve Gowda, is absconding and a 'blue corner' notice has been issued against him by Interpol. Three FIRs, including charges of rape, molestation, intimidation, blackmailing and threatening, have been registered against Prajwal.
The Street had forecasted profit of ₹7,200 crore for the March quarter. Revenue for the three-month period climbed 13%YoY to ₹1.19 lakh crore in line with market consensus of ₹1.2 lakh crore.
Uddhav Thackeray, former Chief Minister of Maharashtra and Shiv Sena (UBT) chief, highlighted the difference between the Hindutva of the Bharatiya Janata Party (BJP) and Shiv Sena, stating that while their Hindutva lights stoves in people's homes, the BJP's Hindutva burns their homes. He accused the Prime Minister of exerting pressure on the judiciary and claimed that the BJP government has snatched powers from Delhi Chief Minister Arvind Kejriwal. Thackeray also criticized the Prime Minister's remarks... Читать дальше...
The Gujarat Secondary and Higher Secondary Education Board (GSEB) announced that the Class 10 results will be declared on May 11, 2024, available on the official website, gseb.org. Approximately 1.91 lakh students from Surat registered for the exams. To pass, students need at least 33% marks in each subject and in aggregate, with concessions for students with disabilities. This year's pass percentage was 82.56%, with girls outperforming boys. The board offers supplementary exams for students who do not meet the passing criteria.
Former Maharashtra chief minister Prithviraj Chavan expressed dissatisfaction with the court verdict in the Dr Narendra Dabholkar murder case, stating that the role of the Sanatan Sanstha, a right-wing outfit, as a "terrorist organisation" was not adequately addressed. He highlighted that the mastermind behind Dabholkar's murder and any connection to other similar killings remained unclear. Chavan also mentioned efforts during his tenure to recommend a ban on the Sanatan Sanstha, indicating that the demand is still pending with the Centre. Читать дальше...
India and France are set to conduct the 7th edition of the Joint Military Exercise 'Shakti' from May 13-26 in Meghalaya's Umroi region. The exercise aims to enhance joint military capacity for Multi-Domain Operations in a Sub Conventional scenario. It will also promote interoperability and camaraderie between the armed forces of both nations. The previous edition of the exercise was held in France in 2021. This upcoming exercise highlights the strengthening defence ties between India and France.
This is Pratik Bhakta in Bengaluru. Insurance startup Digit, by valuing itself at a discount of 25% to its last known private market valuation, seems to have stuck its neck out. And it’s a move that’s certainly got everyone talking.
Barron Trump (18) had been selected by the Florida GOP to serve as an at-large delegate at the July convention. Several other Trump family members - including Donald Trump Jr, Eric Trump and Tiffany Trump - were also selected as delegates. Notably, this would have marked Barron Trump's first foray into politics in the public spotlight
The India Meteorological Department (IMD) has predicted heavy rainfall and thunderstorms in several parts of the country, including Uttarakhand, Tamil Nadu, Rajasthan, south Punjab, Haryana, Delhi, west Uttar Pradesh, Meghalaya, and others. Delhi-NCR experienced a major thunderstorm and rainfall, leading to traffic disruptions and flight diversions. The IMD has issued alerts for West Bengal and Jammu and Kashmir, while Delhi is under a yellow alert. Himachal Pradesh is also expected to witness rain and hailstorms. Читать дальше...
The Gujarat Secondary and Higher Secondary Education Board (GSEB) has announced the GSEB 10th Result 2024 on May 11. Students can check their results on the official website, gseb.org. The exams were held from March 11 to March 26, with approximately 1.91 lakh students from Surat appearing for the exams. Students dissatisfied with their results can apply for re-evaluation. The passing criteria require a minimum of 33% marks in each subject and the aggregate. Supplementary exam details will be sent to schools along with the result. Читать дальше...
Arvind Kejriwal's return to the campaign trail is set to energize the AAP-INDIA bloc's efforts in the ongoing Lok Sabha elections, especially in states where the party is contesting seats. His participation, following interim bail granted by the Supreme Court, is expected to strengthen the alliance's outreach and impact, with a focus on key battleground states like Punjab and Delhi.
General Manoj Pande, the Chief of Army Staff, conducted a thorough assessment of security along the Line of Actual Control in eastern Ladakh. He received a detailed briefing on combat readiness at the Fire and Fury Corps headquarters in Leh. The COAS praised the officers and troops for their professionalism and commitment. Meanwhile, Chief of Defence Staff General Anil Chauhan chaired the Parivartan Chintan 2.0 meeting to discuss reforms for achieving jointness integration and ensuring territorial integrity and national sovereignty.
Mirwaiz Umar Farooq faces continued restrictions on addressing Friday congregation at Jama Masjid in Srinagar. Despite a scheduled J&K High Court hearing, his movements remain curtailed, upsetting both him and his followers.
BJP MLA Agnimitra Paul criticized the Aam Aadmi Party (AAP) for celebrating Arvind Kejriwal's interim bail, likening it to celebrating a dacoit's bail. Kejriwal was granted bail by the Supreme Court in the Delhi excise policy case. Opposition parties welcomed the decision, while the BJP emphasized that bail doesn't imply innocence. Congress candidate Kanhaiya Kumar hailed the decision as a victory for democracy. Kejriwal, warmly welcomed by supporters, stated he had promised a swift return. AAP leaders thanked the court... Читать дальше...