Stock market update: Nifty IT index advances 1.09% in an upbeat market
The Nifty IT index was trading 1.09 per cent up at 41684.35.
The Nifty IT index was trading 1.09 per cent up at 41684.35.
On August 19, the closing prices of three stocks from Nifty500 dropped by more than 2.5% relative to the VWAP, and a shift below the VWAP.
Aggressive hybrid and multi-asset allocation funds delivered an average annual return of 16% over the past three years. Their performance was fueled by positive movements in equity markets, strategic stock picks, and effective debt management. Investors should consider their financial goals when selecting between these funds, with tax considerations as secondary factors.
The 30-share BSE Sensex was up 453.12 points at 80877.8
Healthcare services across West Bengal faced severe disruptions as junior doctors continued their 12-day strike over the alleged rape and murder of a colleague. Senior doctors attended patients at government hospitals. The CBI has taken over the investigation from Kolkata Police under Calcutta High Court orders. A civic volunteer has been arrested in connection to the crime.
Sonia Gandhi accused the Modi government of neglecting the khadi tradition by allowing polyester flags, mostly imported from China, to be used for the national flag. She emphasized the historical importance of khadi and criticized the policies that have affected khadi spinners and weavers, urging a return to promoting hand-woven fabrics.
The Philippines criticized China's coast guard for undermining confidence-building efforts in the South China Sea, following an incident where Chinese vessels allegedly rammed and damaged Philippine ships near the Sabina Shoal. The altercation occurred during a resupply mission by the Philippines to contested islands in the Spratly chain. The Philippines urged China to adhere to international law and avoid aggressive actions. China disputed Manila's account, accusing the Philippine coast guard of acting dangerously. Читать дальше...
President Joe Biden formally passed the Democratic Party mantle to Kamala Harris, endorsing her as the presidential candidate for the upcoming election. Biden praised Harris as a historical figure and emphasised the necessity of voting to safeguard democracy. He highlighted his administration's achievements and stressed the need to defeat Trump.
In a significant move, top workers' union leaders in the US have endorsed Vice President Kamala Harris for the presidency. This endorsement, declared at the Democratic National Convention in Chicago on Monday, underscores the support these unions have received during the Biden-Harris administration.
The Nifty Bank index was trading 0.76 per cent up at 50751.55.
Israel confirmed the destruction of Hezbollah's weapons storage facilities in the Beqaa region and the killing of a Hezbollah missile unit member in southern Lebanon. The airstrike led to secondary explosions, indicating massive weapon stockpiles. The ongoing violence has led to numerous casualties and displacements in the border areas of both nations.
The amendment tabled in the finance bill is a welcome move as it will provide an option to choose between LTCG tax of 20% with indexation or 12.5% without indexation for property. It would encourage honest tax payment, long-term investment and fair play. However, removal of indexation benefit for properties bought after July 23, 2024 and other Long Term Assets classes must be revisited. Here's why.
As India starts to emerge as the use-case capital of GenAI applications, tech leaders and startup founders believe both open and close-sourced technologies have a unique role to play in optimising costs, ensuring data sovereignty and delivering the best performance. ET’s Himanshi Lohchab takes a deep dive on how India weighs in on pros and cons of open versus closed-source GenAI models.
A total of 24,344 shares changed hands on the counter till 10:20AM (IST).
Israel's demands for control over two key corridors in Gaza—the Philadelphi corridor along the Gaza-Egypt border and the Netzarim corridor cutting off northern Gaza—are threatening to derail cease-fire talks aimed at ending the 10-month conflict with Hamas. Israel argues that control of these areas is crucial for preventing Hamas from rearming and maintaining security. However, Hamas and Egypt strongly oppose these demands, viewing them as a continuation of military occupation. Failure to reach an... Читать дальше...
The 30-share BSE Sensex was up 466.76 points at 80891.44
Sunlite Recycling Industries' shares listed at a 90% premium on NSE SME, opening at Rs 199.5 per share compared to the IPO price of Rs 105. The IPO received strong non-institutional interest, being subscribed over 200 times. The company specializes in recycling copper scrap into various products while focusing on environmentally friendly practices.
The stock quoted a 52-week high price of Rs 5220.0 and low of Rs 3524.0.
Positron Energy's shares listed on the NSE SME at a 90% premium, debuting at Rs 475 compared to the Rs 250 issue price. The IPO, a fresh equity sale, was heavily subscribed. The funds raised will be used for working capital, capital expenditure, and general purposes. The company specializes in management and advisory services in India's gas distribution sector.
Laying the groundwork Obama's two decades in public life have been defined by seminal speeches. His body of work features a range of tone and purpose - an array of choices as he seeks to strike the right balance for Harris as she tries to become the first woman, second Black person and first person of South Asian descent to reach the presidency.
Experts see the cleantech industry becoming a major source of power by FY2050, which will also create new job opportunities.
The Nifty Realty index was trading 0.0 per cent at 1050.25.
Gold futures at MCX opened flat at Rs 71,513 per 10 grams, while silver futures increased to Rs 84,426/kg. Over the last three days, gold has risen by Rs 1,400 per 10 grams, and silver by Rs 4,365 per kg.
Oxford researchers introduced a 'carbon removal budget' to address net-zero emissions targets by combining emission cuts with atmospheric CO2 removal.
Shares of Ola Electric soar 8% to a new peak of Rs 157.53 on the BSE, surpassing Tesla's valuation. The EV stock has surged 107% from its IPO price of Rs 76 in just 7 trading sessions. On Tuesday, 2.3 crore shares, or 0.5% equity, worth Rs 352.9 crore, changed hands at Rs 151 per share.