Sovereign Gold Bonds (SGB) was introduced in 2015 to lower demand for physical gold. Under the scheme, the investors will be issued a Holding Certificate. The tenure of the bond is 8 years and is eligible for premature redemption from 5th year.
On the technical charts, the 200-day moving average of the stock stood at Rs 2526.38.
A short buildup happens when open interest and trading volumes rise while stock prices fall, signaling traders expect declines and build short positions. On Tuesday, five stocks saw new short positions.
Tata Group companies Trent and Tata Technologies experienced notable pre-market block deals. Trent's shares initially rose but later fell, while Tata Technologies' shares dropped before stabilizing. Trent is on track to join the Nifty50 index, which will lead to substantial net inflows. The official parties involved in the transactions remain unknown.
A total of 2,782 shares changed hands on the counter till 11:32AM (IST).
The Supreme Court deferred the hearing on Vijay Nair's bail plea in a money laundering case tied to the Delhi excise policy scam. Nair has been in custody for two years. The ED requested additional time to file a counter affidavit. Nair's arrest was linked to allegations of facilitating kickbacks through hawala operators.
NIIT Share Price: Shares of NIIT have surged 54% on the BSE since ace investor Ramesh Damani acquired a 0.59% stake in the company through an open market transaction on Friday. The stock gained 18.51% in Tuesday's session, hitting a 52-week high of Rs 182.90. Damani's stake, valued at Rs 10.02 crore, involved purchasing 8 lakh shares at Rs 127.55 each through a bulk deal on the NSE.
There is an old saying on Dalal street. News and stock prices have an inverse relationship. When news is good, stock prices are bad and when news is bad, stock prices are good. This probably has played in the IT space more than anywhere else. The news and also one may say opinion is bad about these stocks. It is not the first time that IT stocks are witnessing such a wave of negative sentiment against them. In the past also when the world of technology has gone through a structural shift, like the one when the “ cloud” came in... Читать дальше...
A total of 4,033 shares changed hands on the counter till 11:26AM (IST)
Global capability centers (GCCs) are increasingly impacting India’s tech sector by expanding beyond major tier-1 cities into tier-2 centers and offering significantly higher pay packages. According to a TeamLease Digital report, GCCs offer 12-20% more in compensation compared to traditional IT and non-tech companies.
Ucal Fuel Sys, NIIT, Bhageria Industries, Khaitan Chem and Lypsa Gems, hit their fresh 52-week highs at 11:25AM.
Running for the US presidential office is very expensive, with expenses potentially reaching $1 billion. There are no limits on spending or when candidates can start for the US elections. Campaigns are funded by contributions from various sources, and while public financing was once common, private fundraising has become more popular. Federal law restricts donations from corporations, labor unions, and imposes limits on individual contributions. The Democrats are running the race with current VP Kamala Harris... Читать дальше...
Incessant rainfall has led to severe flooding in Gujarat, East Rajasthan, and Maharashtra. Gujarat reported three fatalities and extensive evacuations. Rescue operations are underway. A deep depression over East Rajasthan is causing the downpour, expected to continue until September 1. The IMD warns of potential flash floods in the affected areas.
A total of 36,096 shares changed hands on the counter till 11:21AM (IST)
Nabanna Abhijan News: The West Bengal police have increased security around the state secretariat, Nabanna, ahead of the Nabanna Abhijan Rally scheduled for Tuesday. The rally aims to protest the RG Kar Medical College and Hospital rape-murder case. Police have deployed vajra vehicles, water cannons, and Riot Control Force in the area, with containers placed to block roads.
The Nifty Auto index was trading 0.28 per cent up at 26015.0.
The Karnataka government refuted BJP's accusations of rules being breached by KIADB in allotting land to a trust related to Congress president Mallikarjun Kharge's family. The state industries minister clarified the allocation adhered to norms and countered claims of misuse of power and nepotism, emphasizing the transparency introduced under the current administration.
Income tax refund pending: If the income tax department does not process the income tax return (ITR), the taxpayer will not get their income tax refund dues (if any). The income tax laws mandate the deadline by which the income tax department must process the tax return. Read on to know the due date for the same.
A long buildup occurs when OI and trading volumes increase along with rising stock prices in the F&O segment, signaling bullish trends. On Tuesday, 5 stocks saw new long positions.
A total of 995 shares changed hands on the counter till 11:16AM (IST)
Income tax notice: You may get a income tax notice by December 31, 2024 if the tax department found you have income which escaped assessment. This is because tax officials are analysing Form 15CC data to find out who has sent more than Rs 6 lakh abroad and there is a mismatch between the amount sent abroad and the amount declared as income in ITR.
The Nifty Pharma index was trading 0.8 per cent up at 22736.2.
The US presidential election's outcome depends on a few battleground states, including Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania, and Wisconsin. Key issues range from immigration and abortion debates to economic concerns. Both campaigns are actively engaging these states to sway undecided voters and gain the support necessary to win.
Aarti Drugs Share Price: Aarti Drugs shares surged 5% to Rs 634.90 on BSE after announcing a Rs 60 crore buyback of 6.65 lakh shares at Rs 900 each. The stock has risen 14% in the past year.