DLF shares gain 1.6% as Sensex rises
A total of 128,563 shares changed hands on the counter till 11:11AM (IST)
A total of 128,563 shares changed hands on the counter till 11:11AM (IST)
The second fund will invest in nearly 30 early-stage platform-first businesses across three focus sectors – fintech, consumer tech and B2B platforms with first cheque of Rs 5 crores and 30% reserve ratio for making follow-on investments.
The Nifty Pharma index was trading 0.08 per cent up at 21693.0.
The Quad meeting in Tokyo saw India, the USA, Australia, and Japan focusing on countering China's influence by promoting transparent and sustainable infrastructure projects. Discussions included maritime security, economic resilience, and possible reforms to the UN security council. The ministers emphasized cooperation in cybersecurity, disaster relief, and other key areas.
However, the market has priced most of these stocks fully as I see it. And not that the potential is lower, but in the near term most of these stocks have actually reflected that complete price that they are basically should be at current level for the projected earning of next two years.
India's retail sector is booming, with 3.1 million sqft leased across 8 cities in H1 2024, a five-year high. International luxury brands, including Maison Margiela and Time Vallée, entered the market. Fashion, apparel, entertainment, and homeware sectors drive leasing. Tier-II cities also see significant activity. Future growth is expected from new investment-grade malls.
The stock traded at a P/E multiple of 38.64, while the price-to-book value ratio stood at 3.89.
IDFC FIRST Bank new credit card rules: IDFC First Bank has made significant modifications to its credit card payment terms, including the Minimum Amount Due (MAD) and the Payment Due Date.
The Nifty Realty index was trading 1.19 per cent up at 1106.05.
On the technical charts, the 200-day moving average of the stock stood at Rs 664.43.
On July 29, eight large-cap stocks were flagged in the RSI Trending Up scan on StockEdge.com. This signal indicates an uptrend if the RSI value has risen above 50.
The NSE Nifty index was trading 95.46 points up at 24931.55
Voice-first AI startup Gnani.ai received $4 million from Info Edge Ventures for sales expansion and geographical growth. Gnani.ai provides a no-code platform for conversational automation and voice biometrics. Their clientele mainly includes the banking, financial services, and insurance sectors.
Though Finance Minister Nirmala Sitharaman made multiple announcements regarding custom duties, experts say it could have made a comprehensive rationalisation of custom duties and given clarity on foreign trade strategy.
Civil services aspirants and locals continued their protest outside Rau's coaching centre in Old Rajinder Nagar for the third day on Tuesday. They are protesting against the Municipal Corporation of Delhi and the management of Rau's IAS Study Circle, where three students died after the basement of the coaching centre was flooded following heavy rain on Saturday.
Security forces initiated a cordon and search operation in a remote village of Poonch district, Jammu and Kashmir, after receiving intel on two suspected terrorists in black attire. The armed individuals were spotted in Salampura village, prompting a joint operation by police, Rashtriya Rifles, and CRPF.
Manika Batra, an Indian table tennis player, has become the first Indian to advance to the round of 16 in the Olympic Games singles competition. Batra, a gold medalist at the 2018 Commonwealth Games, defeated France's Prithika Pavade with a score of 4-0. Batra's career began with a silver medal in the under-21 category at the 2011 Chile Open. She represented India at the 2014 Commonwealth Games and the 2014 Asian Games, achieving quarterfinal finishes.
As of 30-Jun-2024, promoters held 51.52 per cent stake in the company, while FIIs held 15.08 per cent and domestic institutional investors had 9.26 per cent.
The 30-share BSE Sensex was up 218.22 points at 81574.06
Commerce and Industry Minister Piyush Goyal announced on Tuesday that India is not reconsidering its stance on supporting Foreign Direct Investment (FDI) from China, despite recent recommendations from the Economic Survey. Goyal emphasized that the Survey's recommendations are non-binding and do not influence government policy.
The stock quoted a 52-week high of Rs 892.75 and a 52-week low of Rs 649.0.
Tagging former chief minister and BJP state president Babulal Marandi, it said, "The entire responsibility for this (train accident) lies with your Railway Minister and the central government. Stop the Railway Minister from making reels and request him to focus on railways."
The stock traded at a P/E multiple of 22.21, while the price-to-book value ratio stood at 68.53.