Rajeev Agarwal from DoorDarshi India Fund discussed the potential impact of anticipated rate cuts by the Fed and the RBI on the economy. With reduced inflation and strong agricultural output, India is well-positioned for a rate cut. The banking and finance sectors are highlighted as promising due to good asset quality and capital adequacy.
Astronaut Matthew Dominick's stunning image of the moon over the Pacific, captured from the ISS, has created a buzz on social media. Dominick used a 400mm lens and a 1/20000s shutter speed. NASA also announced that astronauts Butch Wilmore and Suni Williams will stay at the ISS until February, returning in a SpaceX capsule.
Sunita Williams’ return to Earth is delayed until February 2025 due to technical issues with Boeing's Starliner spacecraft. NASA will send the spacecraft back uncrewed, using SpaceX’s Crew Dragon for her return.
India's electronic manufacturing sector had experienced substantial growth due to government measures like the PLI schemes. Companies such as Dixon Technologies and Amber Enterprises benefited from these initiatives, positioning themselves as key players. Further efforts were required to enhance component manufacturing and self-sufficiency.
A total of 56,907 shares changed hands on the counter till time (IST).
The 30-share BSE Sensex was up 506.05 points at 81592.26
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The killings underlined the ongoing security challenges in Baluchistan, where separatist and militant activities have perpetuated a climate of violence and instability.
The stock traded at a P/E multiple of 60.62, while the price-to-book value ratio stood at 6.63.
Shares of SEPC have surged 27% in the last two trading sessions on the BSE, hitting a new all-time high of Rs 27.50 on Monday. This rise follows the company's announcement of receiving the final acceptance certificate from Hutti Gold Mines for a 2013 agreement.
The Nifty Auto index was trading 0.41 per cent up at 25955.45.
Ashima Goyal, a member of the Monetary Policy Committee (MPC), emphasized the need to focus more on core inflation due to its significant impact on household inflation expectations. Goyal's term on the MPC will end in early October. Additionally, she suggested that the MPC should expand its role to include providing guidance on liquidity conditions in the banking system.
Happy Krishna Janmashtami 2024 images: Krishna Janmashtami, celebrated globally, honors the birth of Lord Krishna. Falling on August 26 this year, the article shared various wishes, messages, and quotes to help spread joy and unity. It emphasized the essence of the festival and encouraged the sharing of positive thoughts and blessings among friends and family.
Reliance Power Share Price: The stock of Reliance Power, controlled by Anil Ambani, dropped 10% in recent trading sessions following SEBI's decision to restrict Ambani from the securities market for fraud-related charges. Although Ambani resigned, Reliance Power clarified that the SEBI order does not impact its business operations.
A total of 2,233 shares changed hands on the counter till 10:45AM (IST)
The 30-share BSE Sensex was up 636.83 points at 81723.04
Eleven individuals were rescued by the Indian Coast Guard from a sinking merchant vessel traveling between Kolkata and Port Blair. Coast Guard ships Sarang and Amogh, along with a Dornier aircraft, conducted the mission in challenging sea conditions. ITT Puma sank 90 nautical miles south of Sagar Island during its journey.
Finance Minister Nirmala Sitharaman met former FATF President T Raja Kumar in Singapore, congratulating him for his successful tenure. They discussed past and future collaborations, highlighting India's role in combating financial crimes. The meeting coincided with the India-Singapore Ministerial Roundtable, emphasizing mutual economic cooperation and development.
On the technical charts, the 200-day moving average of the stock stood at Rs 658.23.
The ongoing conflict between Hezbollah and Israel is escalating concerns about a wider regional war, potentially more devastating than the 2006 Lebanon-Israel war. Lebanon, already struggling with severe economic and political crises, faces a dire situation if the conflict intensifies. The country is preparing for various scenarios, including displacement of up to 1 million people and significant costs for relief efforts.
The NSE Nifty index was trading 171.75 points up at 24994.9
A total of 832 shares changed hands on the counter till 10:35AM (IST).
The Nifty Pharma index was trading 0.1 per cent up at 22550.0.