Opposition leaders protested in parliament against the 'discriminatory' Union Budget 2024, criticising the allocation of Rs 15,000 crore to Andhra Pradesh and Rs 26,000 crore to Bihar. West Bengal Chief Minister Mamata Banerjee called the budget 'anti-people' and 'directionless', accusing the BJP of making false promises and neglecting areas like Darjeeling. She urged the people to remember this during elections.
As of 30-Jun-2024, promoters held 37.01 per cent stake in the company, while FIIs held 27.87 per cent and domestic institutional investors had 8.5 per cent.
As of July 23, futures open interest saw a significant rise for four stocks in the NSE F&O segment, leading to a total increase of over 12% compared to the previous trading session.
These schemes invest at least 80% of their corpus in the papers of the highest-rated companies. This makes them relatively safer than other debt schemes such as credit risk funds. They are also safer than gilt funds and long term debt funds that are highly sensitive to interest rate changes in the economy.
Macobs Technologies debuted on the NSE SME with a 28% premium, opening at Rs 96 compared to the issue price of Rs 75/share. Pre-listing, the company's shares traded with a Rs 14 premium in the unlisted market. The IPO, offering 25.95 lakh fresh equity shares, was oversubscribed over 200 times due to robust demand from non-institutional investors.
A total of 7,242 shares changed hands on the counter till 10:40AM (IST).
Does this Budget leave you richer or poorer? The answer depends on your income level, which income tax regime you opt for, and how much and where you have invested.
The Nifty Realty index was trading 0.78 per cent up at 1074.3.
Gregory Goba Ble, UPS Managing Director in India, said that the budget has hit all the right notes- focusing on infrastructure development, leveraging technology and supporting MSMEs including traditional artisans through innovative measures such as e-commerce export hubs.
Soren was apparently referring to financial measures, announced by Union Finance Minister Nirmala Sitharaman in her budget proposals on Tuesday, for Bihar and Andhra Pradesh, ruled by key NDA allies -- Nitish Kumar-led JD(U) and Chandrababu Naidu's TDP -- which are providing critical support to the BJP-led government at the Centre.
A total of 86,520 shares changed hands on the counter till 10:35AM (IST).
Agri-Tech(India), Apex Frozen Foods, Antony Waste Handling, Arrow Greentech and Pondy Oxides, hit their fresh 52-week highs at 10:34AM.
India's business activity surged at its fastest pace in three months in July, driven by strong demand particularly in the services sector. This growth has resulted in companies hiring at the quickest pace in over 18 years, based on a recent survey. HSBC's flash India composite purchasing managers' index, compiled by S&P Global, rose to 61.4 in July from June's final reading of 60.9. The index has now marked three consecutive years of expansion.
Meta’s Llama 3, featuring 405 billion parameters, rivals OpenAI and Amazon. Enhanced coding and math, scoring 73.8 on MATH and 88.6 on MMLU, boost its appeal. Future multimodal versions will incorporate text, image, video, and speech. The Meta AI chatbot, gaining popularity, promises efficiency and attracts developers.
The Jute sector is a key economic activity worth Rs 10,000 crore for West Bengal supporting 2.5 lakh mill workers and over 4 million farmers in the state.
Indian government bond yields remain steady post-budget, with traders adopting a wait-and-watch approach. Fiscal deficit target reduced, borrowing plans adjusted, and positive outlook from rating agencies. Budget unlikely to impact Reserve Bank of India's policy. U.S. 10-year yield stable ahead of Federal Reserve decision.
A total of 125,624 shares changed hands on the counter till 10:30AM (IST).
A bamboo structure falling on an overhead wire between Sion and Matunga stations disrupted Mumbai local train services for nearly an hour on Wednesday morning, affecting numerous commuters. Passengers risked their safety by walking along the tracks due to the delay. The Central Railway’s swift action restored services, but the incident underscores the challenges of Mumbai’s vital suburban train network.
The Nifty Bank index was trading 0.67 per cent down at 51433.9.
Mohammed Shami's last competitive cricket match was back in November when he played the 2023 ICC Cricket World Cup final against Australia in Ahmedabad, which India lost. Shami had a tournament to remember, as he amazed fans and experts alike with his pace and swing, taking 24 wickets in just seven games at an average of 10.70 and an economy rate of 5.26, with a four-wicket haul and three five-wicket hauls. His best figures were 7/57 against New Zealand in the semifinal.
A total of 3,545 shares changed hands on the counter till 10:25AM (IST)
On July 23, the closing prices of three stocks in the Nifty500 pack surged more than 2.5% above the Volume Weighted Average Price (VWAP), signaling a potential bullish trend.
The 30-share BSE Sensex was down 114.84 points at 80314.2
Finance Minister Nirmala Sitharaman's almost 1 and half hour speech was met with much enthusiasm from the treasury benches. As she delivered Budget 2024 with confidence, perhaps stemming from Prime Minister Narendra Modi's continued trust in her, even against the opposition's aggression and larger numbers, the FM's support group broke initial silence and launched into multiple rounds of applause.
HDFC Bank has increased fixed deposit tenures interest rates on certain tenures by up to 20 basis points (bps) for amount below Rs 3 crore. The new rates are effective July 24, 2024.