The concern over China’s rapid advances in key electronics turned into a full-scale panic during the pandemic because chip shortages emphasised the significance of these tiny devices for economic security.
Shares of auto major Tata Motors on Monday fell up to 7% to the day's low at Rs 975 on BSE after three major global brokerages Goldman Sachs, Morgan Stanley and Nomura downgraded the Nifty stock while Citi suspended rating on Tata Motors following weaker outlook for FY25
Dilip Ghosh said, "When I went to villages, women asked me with folded hands if they would be able to cast their votes or not. It is their (TMC) habit to threaten people who want to cast their votes. The goons of TMC are not letting the polling agents enter the booths, including the presiding officer. Yesterday night, they threatened people in certain areas not to come out to vote. I hope the situation will improve and voting will be done smoothly. I will reach the places wherever required."
96 constituencies across 10 states and union territories are in play during this phase of the elections, while Andhra Pradesh and Odisha's Assemblies are also set to be elected today. Of the 96 Lok Sabha seats, 25 are from Andhra Pradesh, 17 from Telangana, 13 from Uttar Pradesh, 11 from Maharashtra, eight each from Madhya Pradesh and West Bengal, five from Bihar, four each from Jharkhand and Odisha, and one from Jammu and Kashmir.
“Options data suggests a broader trading range in between 21500 to 22500 zones while an immediate range between 21800 to 22300 levels,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.
The company is required to pay around 14 billion rupees ($167.62 million) to bondholders of Goswami Infratech when it services the debt of another group company Sterling Investment Corp.
British newspaper groups caution Apple about the 'web eraser' tool, expressing concerns over its impact on journalism's financial sustainability. NMA requests a meeting to address potential implications on editorial integrity.
Mandeep Auto Industries' SME IPO, aiming to raise Rs 25.5 crore, will be open for subscription until May 15 on NSE SME platform at Rs 67 apiece, with net profit Rs 2.14 crore and 50% reserved for retail investors.
Anand Janes ssays SBI and Nifty PSU Bank Index are showing recovery signs, while the VIX rise could affect post-election Nifty mofvement. Paytm is hinting at possible upside. STLTECH and MARICO broke trend channels, indicating potential price increases. James further says that we are going to see a pullback in PSU bank stocks in the near term.
Speculation abounds in IPL 2024 about MS Dhoni's potential retirement, dubbed "Thala" by CSK fans. Having retired from international cricket, his IPL future remains uncertain. After CSK's recent match against RR, fans at MA Chidambaram Stadium were treated to a lap of honor and signed balls, fueling speculation about Dhoni's farewell. However, Suresh Raina's reassurance hinted at Dhoni's possible return next season, easing fans' worries.
Several schools in Jaipur, Rajasthan, received bomb threats via email, prompting evacuations and police investigations. The threats follow similar incidents in Delhi and Bengaluru, spreading panic. Authorities suspect involvement from Pakistan, potentially with Chinese intelligence backing. The sender used an email from a Korean firm, and investigations have led to a military cantonment in Faislabad, Pakistan. Russian intelligence has assisted informally, and police are seeking Interpol's help, preparing... Читать дальше...
Indian indices fell due to auto and IT stocks amid Lok Sabha elections. Sensex and Nifty down, India VIX surged. Top laggards include Tata Motors. Sun Pharma and HUL gained.
Sumit Bhatnagar says: "Power, defense and capex are structural themes that are expected to play out over the next decade. While the space has seen significant re-rating and a significant portion of returns are priced in, I believe these themes still appear attractive from a medium to long term perspective."
Sabharwal sees market correction due to weight, not elections. Global markets flourish, India shifts investments to China. Sabharwal says: "My base case is continuity and to that extent we would be more near 12% to 15% cash and waiting to buy into stocks and sectors which we think would offer outperformance potential over the next one year."
After fulfilling his duty as a responsible citizen, the Padma Vibhushan spoke with the media and sent out an important message, encouraging citizens to practice their voting rights. "I request people to exercise their right to vote. Please come and make use of your power," Chiranjeevi said.
In the fourth phase of the Lok Sabha election 2024, voting across 10 states on May 13 will decide 1,717 candidates' fate in 96 constituencies. Voters must bring their Voter ID and another ID to the polling center between 7 am and 6 pm. Find your booth by entering your EPIC number on electoralsearch.eci.gov.in. Verify your name on the voter list through personal details, mobile number, or EPIC number. Stay updated with live updates on electoralsearch.eci.gov.in.
A significant uptick in futures open interest signifies a substantial growth in the number of active, unexpired futures contracts in a specific security.
Aashish Somaiyaa, CEO of White Oak Capital AMC, discusses market behavior amidst economic momentum and upcoming elections. He reflects on historical market reactions to changes in leadership, emphasizing the market's preference for continuity during strong economic momentum. Somaaiyaa also says he has never seen a bubble where Nifty CAGR across time horizons is 14-15% compounded.
Naveen Kulkarni predicts market reaching 80,000 with robust corporate earnings. Quality largecaps, which have a higher weight in the index, are likely to perform well as the year passes. Global interest rates will decline while the US Fed remains cautious on inflation. Indian liquidity situatiom may improve. The Q4 earnings have been largely positive with no major surprises.