Cello World's shares surged 4% to a new high of Rs 1,024 on BSE following the launch of a qualified institutional placement to raise funds. The company plans to utilize the funds for debt repayment and potential expansion in the glassware segment or acquisitions.
As of 31-Mar-2024, promoters held 68.6 per cent stake in the company, while FIIs held 7.86 per cent and domestic institutional investors had 6.22 per cent.
In the Nifty pack, 27 stocks were trading in the green, while 23 stocks were trading in the red.
The Indian Ministry of Defence has sanctioned over Rs 300 crore through its Technology Development Fund (TDF) to create an ecosystem for enhancing capabilities in cutting-edge technology and promoting 'Aatmanirbharta' in defence. The TDF scheme, executed by DRDO under the 'Make in India' initiative, provides grants-in-aid to Indian industries, including MSMEs and startups, as well as academic and scientific institutions, for the development of defence and dual-use technologies.
Zomato shares surged 21% since June 4, outperforming the Sensex's 11% rise. Analysts predict up to 20% additional gains. The stock hit a 52-week high of Rs 213.80, closing at Rs 208.15. Momentum indicators show shares trading above 50 and 200-day SMAs with a 1-year beta at 0.6. Axis Securities noted sustained buying activity and net profit.
A total of 495,073 shares changed hands on the counter till 10:45AM (IST)
Indian Navy Chief Admiral Dinesh K Tripathi is on a four-day official visit to Bangladesh, meeting with top military officials to discuss enhancing defense cooperation and strengthening bilateral ties. The visit focuses on exploring new avenues for naval collaboration between India and Bangladesh.
The 30-share BSE Sensex was up 149.02 points at 80135.82
I think July is a tough call now, although the payroll numbers on Friday will give us another clue on that. But I think they will cut twice before the end of the year, probably in September and December.
Following dovish Fed comments, gold and silver prices surged, with gold opening at Rs 72,460 per 10 grams and silver at Rs 91,904/kg. Market anticipates potential rate cuts. Dollar index decline supports bullion markets. Expect volatility ahead of US job reports. Expert forecasts range-bound movement due to US holiday.
As of 31-Mar-2024, promoters held 63.21 per cent stake in the company, while FIIs held 22.56 per cent and domestic institutional investors had 5.56 per cent.
Budget 2024: Due to inflation and taxes the real returns of debt mutual funds have turned negative in some cases. Earlier the government used to give indexation benefit on LTCG generated from sale of debt mutual funds, however now this benefit is removed. Will the government reconsider its decision for indexation benefit on debt mutual funds?
Chinese Premier Li Qiang on Thursday called for global cooperation and a more open mindset in artificial intelligence, as a rivalry between Beijing and Washington heats up in the nascent tech field. Chinese Premier Li on Thursday urged countries to adopt "more open mindsets" and promote international cooperation on AI.
In UP's Hathras, over 120 people were killed when a stampede broke out at a religious guru's satsang. One family lost all their women, three generations of them.
A total of 12,427 shares changed hands on the counter till 10:35AM (IST).
The Nifty Realty index was trading 0.12 per cent up at 1115.2.
Taking to 'X', PM Modi wrote, "I pay homage to Swami Vivekananda on his Punya Tithi. His teachings give strength to millions. His profound wisdom and relentless pursuit of knowledge are also very motivating."
Promoters held 62.4 per cent stake in the company as of 31-Mar-2024, while FII and DII ownership stood at 8.08 per cent and 2.97 per cent, respectively.
During the SCO summit, Minister of External Affairs Jaishankar met with Chinese counterpart Wang Yi to discuss early resolution of remaining border issues. Both countries agreed to intensify efforts through diplomatic and military channels. The focus remains on respecting the LAC and maintaining peace in the border areas.
The 30-share BSE Sensex was up 199.17 points at 80185.97
All health insurance policies have a life-long renewal clause which the regulator has mandated. They cannot be rejected and your pricing cannot go up purely because you have a condition right now. So, certain benefits are inbuilt and benefits that the customer can take, says Deepak Yohannan, CEO, MIC Insurance Web Aggregator
Thales' 2024 Cloud Security Study indicates cloud resources are primary cyberattack targets in India. Firms prioritize security spending, with 37% facing breaches affecting sensitive data. Digital sovereignty, multi-factor authentication, and addressing human error are crucial. Cloud storage, SaaS applications, and Cloud Management Infrastructure are targeted.
A total of 7,019 shares changed hands on the counter till 10:25AM (IST).
The Nifty Auto index was trading 0.43 per cent up at 25291.7.