Railway stocks including Railtel Corporation of India, Ircon International, and IRFC are surging to new highs as the market anticipates the Modi 3.0 government's budget announcement on July 23.
On the technical charts, the 200-day moving average of the stock stood at Rs 1177.17.
Finance Minister Nirmala Sitharaman's upcoming seventh Budget on July 23 is viewed as a platform for the Modi government to address new financial demands from allies, outline its vision, and set a reform agenda for the next five years. Most brokerages anticipate the Budget will emphasize policy continuity and prioritize fiscal consolidation.
Promoters held 62.66 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 25.32 per cent and 2.42 per cent, respectively.
Ahead of their wedding, Anant and Radhika had a number of pre-wedding festiviies. Here are Radhik Merchant's best looks from the recent ones.
The stock quoted a 52-week high price of Rs 4032.0 and low of Rs 3060.0.
Manufacturing based mutual funds have shown impressive returns up to 69% in the last year. Expert suggestions include considering risk profile and time horizon before investing. Government initiatives like Make in India boosting sector growth.
The Supreme Court of India has dismissed a PIL seeking an investigation into the tragic Hathras stampede that left 121 dead. The court, comprising Chief Justice D Y Chandrachud and justices JB Pardiwala and Manoj Misra, dismissed the PIL, stating that such incidents are "disturbing" and that the high courts are equipped to handle such cases.
Harshal Patel resigned as Quant Mutual Fund CFO, effective July 1, amid Sebi's Rs 93,000 crore front-running probe involving phone seizures and Mumbai, Hyderabad raids to trace illicit profits. Shashi Kataria replaced him as CFO, Operations Head, and Executive Director. A notice-cum-addendum informed unit holders. Scheme terms remained unchanged. Patel cited personal reasons.
Marginal Cost of Funds based Lending Rate (MCLR) is the minimum lending rate below which a bank is not permitted to lend. Here is a look at the list of banks that have revised their MCLR in July 2024.
PepsiCo chairman Ramon Laguarta highlighted the company's growth in Asia, particularly India, as an investment area. The company sells concentrate to Varun Beverages Ltd, its franchise partner. The company's brand portfolio in India includes Pepsi, Mountain Dew aerated drinks, Lays chips, and Kurkure salty snacks.
Gold and silver prices fluctuate slightly in early trading following a strong rally fueled by US inflation data.
A total of 1,754 shares changed hands on the counter till 11:47AM (IST).
The Supreme Court ruled that the government cannot randomly target individuals for citizenship proof without valid grounds, emphasising that Section 9 of the Foreigners Act cannot be invoked based on hearsay or vague allegations. Justices Vikram Nath and Ahsanuddin Amanullah overturned a decision declaring a person an illegal Bangladeshi migrant, highlighting the importance of providing individuals with relevant information to defend themselves against such accusations.
Shares of Jio Financial Services rose 2.5% to Rs 256.5 on BSE after RBI approved its conversion from NBFC to CIC post a November 2023 application. CICs must have Rs 100 crore in assets and 90% in investments. RSI is 44.1, MACD 1.2 below signal line, stock above multiple SMAs except 20-, 30-, 50-day; price at 10:25 am Rs 351.6.
Father of the Nation Viral Video (Google Trends): A viral video of a vox pop interview asking young people about the Father of the Nation has sparked widespread criticism on social media. Incorrect answers like Sardar Vallabhbhai Patel and Narendra Modi drew frustration. Shared by Ashoka Kumar Pandey, the video led to calls for educational reforms, amassing over 46,000 views and igniting debate on historical knowledge.
As of 30-Jun-2024, promoters held 51.14 per cent stake in the company, while FIIs held 17.43 per cent and domestic institutional investors had 16.08 per cent.
Recent government data shows that 31 out of 36 states and Union Territories in India have reached the replacement fertility rate of 2.1. However, Bihar, Uttar Pradesh, Jharkhand, Meghalaya, and Manipur still have higher rates.
A total of 45,717 shares changed hands on the counter till 11:36AM (IST)
Reacting to the Supreme Court's decision, Delhi Minister Atishi sharply criticised the BJP's handling of Kejriwal's legal matters. She stated, "BJP knew that he (Arvind Kejriwal) has been granted bail by the Rouse Avenue Court, they know that he will get bail by the Supreme Court too. That is why, they hatched another conspiracy and the day on which the bail hearing was scheduled to come up before the Supreme Court, they made CBI arrest Arvind Kejriwal a day before that."
Karnataka BJP chief BY Vijayendra protested in Mysuru demanding a CBI investigation into the alleged MUDA scam involving the CM. Police detained Vijayendra and party leaders. Vijayendra stated the CM and others must be held accountable for the Rs 5000 crore scam. CM Siddaramiah denied wrongdoing, claiming land allotments occurred under the BJP government. A complaint was filed against Siddaramaiah and others for allegedly forging documents for compensation.
A total of 5,641 shares changed hands on the counter till 11:26AM (IST)
The 30-share BSE Sensex was up 505.44 points at 80402.78
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