GAIL shares drop 4.89% as Sensex falls
The stock quoted a 52-week high of Rs 246.35 and a 52-week low of Rs 111.5.
The stock quoted a 52-week high of Rs 246.35 and a 52-week low of Rs 111.5.
Prime Minister Narendra Modi highlighted the essential role of public confidence in Jammu and Kashmir in the abrogation of Article 370. Featured in the foreword of the book "370: Undoing the Unjust, A New Future for J&K", the process included careful planning to address legal complexities and security while achieving public concurrence for the decision.
Delhi High Court called the deaths of 14 Asha Kiran shelter home inmates a "strange coincidence" and ordered an inspection by the social welfare secretary. Most of the deceased had tuberculosis. The court stressed the need for curative measures and decongestion. The matter will be heard again on August 7.
Graham Thorpe, a former England and Surrey cricketer, has died at the age of 55. He played 100 Tests for England between 1993 and 2005, averaging 44.66 with 16 centuries. Thorpe was seriously ill in 2022.
Bitcoin (BTC) plunged to multi-month lows on Monday, falling over 14% in 24 hours amid US recession fears and disappointing economic data. This drop reduced Bitcoin’s market value by around $220 billion and led to a 15.9% decline in the global crypto market cap, now at $1.81 trillion.
A total of 12,626 shares changed hands on the counter till 01:44PM (IST).
BJP leader Mukhtar Abbas Naqvi supports the proposed amendments to the Waqf Act, emphasizing the need for accountability and transparency. The amendments, aimed at addressing irregularities within Waqf boards, include mandatory property registration and women's inclusion. While Naqvi sees these changes as beneficial, several Muslim organizations oppose the move, citing concerns over autonomy and communal implications. The amendments seek to enhance the governance of Waqf properties, a long-standing issue in India's legislative landscape.
Akhil Giri, West Bengal's Correctional Services Minister, resigned following pressure from the Trinamool Congress leadership over a verbal altercation with a forest official. Giri refused to apologize to the official but expressed willingness to apologize to Chief Minister Mamata Banerjee. He cited local issues and alleged corruption as reasons for his outburst.
Similarly, in India, we see certain pockets of exuberance. We believe this is a market where we need to be absolutely sure what not to invest in and clearly, there are pockets where you need to avoid, otherwise it will lead to permanent loss of capital.
On the technical charts, the RSI of the stock stood at 30.46.
Pankaj Murarka, CIO of Renaissance Investment Managers, highlighted a potential shift in global markets due to expected US Federal Reserve rate cuts. He suggested market corrections and sectoral rotations might follow. Despite global uncertainties, Murarka expressed optimism about India's market fundamentals and identified long-term opportunities in sectors such as IT, healthcare, and commodities.
On the technical charts, the 200-day moving average of the stock stood at Rs 110.99.
Two people were killed in an Israeli strike on southern Lebanon, where Hezbollah has been exchanging near-daily fire with Israel since the Gaza war began in October. Tensions have escalated due to recent killings of key figures in Tehran and Beirut. The Lebanese Health Ministry confirmed the deaths near Mais Al-Jabal's cemetery, including a Risala Scouts paramedic. Hezbollah retaliated with drone attacks on northern Israel, resulting in injuries. The ongoing cross-border violence has claimed 549 lives in Lebanon and 47 in Israel.
The benchmark TA-35 Index slid as much as 3.1%, before trading 2.6% lower as of 10:24 a.m. in Tel Aviv. The gauge had slid 3.3% last week and is now at the lowest since February.
A total of 1,340,160 shares changed hands on the counter till 01:29PM (IST)
Stock markets tumbled on Monday as fears the United States could be heading for recession sent investors rushing from risk while wagering that rapid fire rate cuts will be needed to rescue growth.
Derek said the West Bengal chief minister has written to the finance minister in this regard and many opposition MPs have also raised the issue. Further, he said there is an imbalance in the insurance sector, where 75 per cent is life insurance policies, and 25 per cent medical insurance.
Yuvraj Singh moved the Delhi High Court against a builder over alleged personality rights violations and delayed flat possession. The court appointed an arbitrator to resolve the case, referring it to the Delhi International Arbitration Centre. The disputes arose from agreements linked to the promotion of a real estate project and the flat’s quality and price.
"BJP has no work except Hindu-Muslim or how to snatch the rights of Muslim brothers. The rights they have got, the right to freedom or the right to follow their religion, the right to maintain their working system," Akhilesh Yadav said.
The stock quoted a 52-week high price of Rs 4295.2 and a 52-week low of Rs 2372.2.
Fearing a US recession, investors fled riskier assets, leading to a significant drop in Indian equity markets. The Sensex plummeted 2,600 points and the Nifty fell below 24,000 in early trading, due to heavy selling pressure on blue-chip stocks.
August 5 is a day of major milestones for India and the BJP. It marks the fifth anniversary of the abrogation of Article 370, the fourth anniversary of the Ayodhya Ram Mandir Bhoomipujan, and possibly the introduction of the amended Waqf Act in Parliament. These events reflect the BJP's continued impact on the nation's political and cultural landscape.
The U.S. is considering Australia's remote Cocos Islands for military construction as part of the Pacific Deterrence Initiative to counter China. This island, key for maritime surveillance, is closer to the strategic Strait of Malacca than other U.S. bases. Australia plans to expand its airfield to accommodate larger military aircraft. The potential U.S. presence underscores the island's geostrategic importance in the Indo-Pacific region amidst increasing Chinese submarine activity and broader geopolitical tensions.
Priyanka Gandhi Vadra accused the Modi government of trying to suppress digital and social media with the Broadcasting Services (Regulation) Bill. She stressed the historical significance of free speech and press, stating the country will oppose such actions. The bill remains under drafting, with consultations continuing.