Share price of Tube Investments jumps as Sensex gains 495.81 points
A total of 1,411 shares changed hands on the counter till 10:51AM (IST)
A total of 1,411 shares changed hands on the counter till 10:51AM (IST)
The Nifty Realty index was trading 0.4 per cent up at 1114.6.
Axis Securities' picks like Aurobindo Pharma, Lupin, and Federal Bank show growth potential. Companies like CIE Automotive India, Westlife Foodworld, and J.Kumar Infraprojects also exhibit promising prospects with a focus on financial performance and new growth avenues.
The stock quoted a 52-week high of Rs 4032.0 and a 52-week low of Rs 3060.0.
The Nifty IT index was trading 0.25 per cent down at 37206.8.
Sanofi and Regeneron received EU approval for broader use of Dupixent in treating chronic obstructive pulmonary disease (COPD), a significant step achieved faster than in the U.S. The EU Commission approved Dupixent for COPD patients not responsive to standard treatments, marking its expanded use beyond conditions like asthma and eczema.
Kazakhstan, Central Asia’s largest state rich in resources, is actively seeking foreign investments and global brands. Gabidulla Ospankulov, Chairman of the Investment Committee of the Kazakh Ministry of Foreign Affairs, outlined strategies to attract $150 billion in investments by 2029, aiming to elevate the national economy to $450 billion. Measures include state preferences, anti-corruption efforts, and reducing bureaucratic barriers.
According to technical scan data from stockedge.com, within the Nifty500 pack, four stocks are experiencing Golden Crossovers.
The Nifty trades at a high TTM PE of 23x, nearing historical highs. Mid-caps' 70% premium over large-caps is unprecedented. Despite disappointing recent events, fears of a looming market correction akin to past bubbles persist.
Promoters held 50.21 per cent stake in the company as of 31-Mar-2024, while FII and DII ownership stood at 26.0 per cent and 14.09 per cent, respectively.
The 30-share BSE Sensex was up 496.49 points at 79937.94
In the NSE list of stocks with a market capitalization exceeding Rs 3000 crore, six stocks saw their closing prices rise above their 200-day moving averages (DMA).
The widespread adoption of technology has transformed the legal industry, giving rise to 'legaltech.' Legaltech offers various opportunities, including roles for tech innovators, product managers, and consultants. Hemant Krishna from Shardul Amarchand Mangaldas & Co. notes that AI has significantly boosted the legal tech industry's prominence.
A total of 22,125 shares changed hands on the counter till 10:35AM (IST).
The stampede occurred as attendees rushed to collect mud from the baba's vehicle. The congestion led to people being trampled upon, including women and children, near a waterlogged field. The FIR exonerates the police and administration, stating they acted promptly with available resources to manage the situation and transport the injured to hospitals.
In the Nifty200 pack, we have identified a list of four stocks that reached a 5-year high at the close on July 2, indicating strong bullish momentum in these stocks.
India's services sector saw robust growth in June, driven by strong demand and record export orders, according to the HSBC India Services PMI by S&P Global. The index rose to 60.5, indicating expansion. Hiring reached its highest in nearly two years, while positive sentiment dipped slightly due to market uncertainty.
Rishi Sunak, the current UK prime minister, is facing a national election on Thursday, marking the end of his 20-month tenure and the four Conservative prime ministers before him. The Labour Party is expected to elect a government that has not been in power since 2005. Sunak has expressed confidence in the outcome of the election, stating that things have turned a corner. Labour leader Keir Starmer has been campaigning for change, urging voters to support his center-left party.
The stock traded at a P/E multiple of 192.8, while the price-to-book value ratio stood at 6.27.
Britannia has appointed former Reserve Bank of India Governor Dr. Urjit Patel and Atul's MD Sunil Siddharth Lalbhai as Additional Non-Executive Independent Directors for five consecutive years, effective from July 2, 2024, to July 1, 2029. Patel served as the 24th Governor of RBI and was Deputy Governor from 2013 to 2018.
Indian rupee's stability faces uncertainty pending the release of Fed's policy meeting minutes and U.S. ADP employment data for potential impact on future U.S. policy rates.
The 30-share BSE Sensex was up 518.84 points at 79960.29
In a dramatic session on Tuesday, the Lok Sabha witnessed chaotic scenes as Prime Minister Narendra Modi faced vehement protests from the Opposition while addressing the Motion of Thanks to the President's address. MPs from various parties crowded the well of the House, demanding more speaking time and creating a tumultuous atmosphere. Despite the disruptions, PM Modi made a notable gesture by offering a glass of water to an Opposition MP, captured in a viral video that sparked widespread attention and debate on social media.
IT sector experiences bullish rally ahead of Q1 results with Tech Mahindra, Coforge, and Infosys emerging as top stock recommendations.