Lupin shares up 0.25% as Nifty gains
A total of 9,064 shares changed hands on the counter till 10:25AM (IST).
A total of 9,064 shares changed hands on the counter till 10:25AM (IST).
According to the Sebi mandate, short duration funds can invest in debt instruments which have maturity between one and three years. That means these schemes are meant for short-term investments of up to three years or more.
On the technical charts, the RSI of the stock stood at 67.14.
U.S. National Security Adviser Jake Sullivan recently held talks in Beijing with General Zhang Youxia, a top Chinese military official and a close ally of President Xi Jinping. The discussions, which lasted three days, aimed to reduce tensions between the U.S. and China. Sullivan emphasized the importance of military communication to prevent conflicts, while Zhang acknowledged the significance the U.S. places on military security.
Walt Disney Co and Reliance Industries have received approval from the Competition Commission of India for their $8.5 billion merger of Indian media assets. The approval came after concessions related to their control of cricket broadcasting rights, amid concerns of reduced competition in the sports TV and advertising markets.
The Nifty IT index was trading 0.47 per cent up at 42595.5.
The financial market for biodiversity is challenging due to difficulties in measurement and investment options. John Tobin-de la Puente of Cornell University suggests that more complex financial contracts and long-term commitments are needed to attract private investment.
A long buildup, marked by rising open interest and trading volumes with a stock price increase, signals a bullish trend. On Thursday, five stocks saw fresh long positions.
A total of 6,954 shares changed hands on the counter till 10:15AM (IST).
The stock quoted a 52-week high price of Rs 653.9 and low of Rs 230.6.
Prime Minister Narendra Modi had a telephonic conversation with Gujarat Chief Minister Bhupendra Patel to discuss flooding in the state. Modi sought details on relief measures and offered central government support. The Indian Army and NDRF are involved in rescue operations as heavy rains continue to affect Gujarat.
New car sales in the European Union increased by 0.2% in July despite declines in France and Germany, with battery-electric vehicles losing market share. The total electrified vehicle sales accounted for 50.9% of new passenger car registrations. Major automakers such as Volkswagen, Stellantis, and Renault saw drops in registrations amid rising competition from China.
The Relative Strength Index of the stock stood at 63.09 on Thursday.
The Nifty Pharma index was trading 0.23 per cent down at 22936.5.
Shares of Resourceful Automobile listed flat on the BSE SME platform at Rs 117, despite strong subscription and a GMP of 89% above the offer price. The company, which operates two Yamaha showrooms, plans to use the IPO proceeds for expansion, debt repayment, and general corporate purposes.
A total of 15,723 shares changed hands on the counter till 10:00AM (IST)
Nykaa Ltd, an e-commerce firm, has surged 20% in a month, reaching multi-year highs in August. Experts advise medium- to long-term traders to aim for above Rs 300 in the next 10-12 months. The stock recently broke out from a rounding bottom pattern and is trending above major moving averages, indicating sustained momentum.
The Nifty Auto index was trading 0.09 per cent up at 25902.75.
Gold October futures opened slightly up, while silver September futures gained 0.6% at MCX. Prices are influenced by dollar index movements and anticipated U.S. core PCE price index data, with caution advised ahead of the U.S. preliminary GDP data.
Mirae Asset Capital Markets has announced its top 10 stock picks for the next quarter, focusing on companies with strong performance, growth potential, and stable financials.
The Indian stock market is expected to consolidate on Thursday amid mixed global cues. Analysts suggest a broader trading range between 24,700 and 25,500 zones. Key stock recommendations include Granules India, Voltas, and Eicher Motors, among others. Traders are advised to look out for specific buy targets and stop losses.
Typically, in the EMS business, 10 or more jobs are created for every Rs 1 crore investment, while in components, it is around four. This fewer number of jobs also require more technical qualifications and cannot be substituted by mass recruitment seen in mobile phone assembly lines.
California lawmakers passed a controversial AI safety bill, SB 1047, requiring safety testing for advanced AI models. Tech companies argue it may hinder innovation, while proponents see it as vital protection. Governor Newsom has until September 30 to sign or veto the bill.
Intense monsoon rains and flooding in Gujarat, India, have resulted in at least 28 deaths over the past three days, with victims either drowning or being struck by falling trees. Rivers have overflowed, forcing over 30,000 people to evacuate their homes. Heavy rains are expected to continue, worsening the situation