Новости за 02.09.2024

Whether it is Sensex, Nifty and the market breadth, the underlying bias of all the indices and the segment's of the market continues to be bullish. But one headwind remains that is the headwind of higher than valuations. But the fact that valuations have been higher for quite some but the markets have been higher for quite some so, be bullish and just be more selective These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings... Читать дальше...

The Congress party has voiced concerns over a potential conflict of interest involving SEBI Chairperson Madhabi Puri Buch. Congress spokesperson Pawan Khera claimed Buch received a salary from ICICI Bank while serving SEBI, questioning the impartiality and independence of the market regulator. Congress is calling for an investigation into the matter.

Meesho has appointed Mohit Rajani as the new chief product officer. Rajani, with a background in companies like Meta and Google, will oversee Meesho's product management, design, and analytics teams. He is expected to drive product innovation and enhance customer experience as Meesho continues to grow its platform.

Shares of RailTel, SJVN, and NHPC rose nearly 5% after being granted Navratna status. The designation allows significant investments and management authority, boosting their market performance and investor interest.

Chidimma Adetshina, a 23-year-old with Nigerian and South African heritage, has been crowned Miss Universe Nigeria after a controversial withdrawal from Miss South Africa. Adetshina aims to promote unity as she represents Nigeria at the Miss Universe pageant in Mexico in November, highlighting ongoing xenophobia issues in South Africa.

Godrej Properties has emerged as the top bidder for two luxury group housing plots in Gurugram, acquiring them for Rs 515 crore through an e-auction by Haryana Shehri Vikas Pradhikaran. These land parcels offer over 1 million square feet of development potential. Combined with additional acquisitions in NCR regions, GPL’s total estimated revenue potential is over USD 1 billion, says Gaurav Pandey, MD & CEO.

The stock quoted a 52-week high price of Rs 4169.5 and low of Rs 1590.3.

Mahindra & Mahindra reported a 9% year-on-year increase in total wholesales to 76,755 units in August, with domestic passenger vehicle sales up 16% and exports rising 26%. Total tractor sales saw a 1% increase. The company anticipates further growth driven by favorable conditions for the upcoming festive season and agricultural factors.

This indicates that more traders are expecting the prices to decline and are creating short positions. In Monday's trading session, five stocks saw fresh short positions being built.

Mutual fund investors look for schemes with consistent performance over time. ETMutualFunds identified 14 equity schemes that provided more than 20% returns in three, five, seven, and ten-year horizons. These schemes span mid cap, small cap, multi cap, ELSS, and flexi cap categories, with no large cap schemes meeting the criteria.

A total of 9,151 shares changed hands on the counter till 11:31AM (IST)

Union Minister Nitin Gadkari urged state finance ministers to reduce GST on flex-fuel vehicles by 12% during the IFGE India Bio-Energy & Tech Expo. He emphasized the importance of alternate fuels for families using second-hand vehicles, and highlighted major car manufacturers' commitment to introducing flex-engine cars in India.

Sandip Sabharwal evaluates various sectors including technology, sugar, defence, and cement. He notes the positive impact of lifted ethanol production restrictions, discusses the high valuations in defence stocks, and explores the future potential for SBI and changes in the cement industry due to ongoing consolidation. Sabharwal also weighs considers whether Paytm can do a Zomato.

Sectoral and thematic mutual funds topped the returns chart in August with up to 9.37% gains. The WOC Pharma and Healthcare Fund led with 9.37% returns, while international funds and healthcare funds also performed well. Around 73 equity mutual funds, however, yielded negative returns during the same period.

A total of 55,369 shares changed hands on the counter till 11:26AM (IST).

The 30-share BSE Sensex was up 306.92 points at 82672.69

Shares of state-owned RITES rose nearly 3% today, peaking at Rs 666.35, following its announcement as the lowest bidder for a $26.74 million project with Tanzania Railways Corporation. The project includes the supply, testing, and commissioning of four Diesel Multiple Units (DMUs) for MGR.

Elon Musk is engaged in a conflict with Brazilian authorities over his refusal to suspend accounts on his social network, X, despite court orders. His company Starlink is also defying orders to block X, risking fines and asset freezes. The dispute impacts millions of Brazilians and Musk's businesses.

The stock quoted a 52-week high price of Rs 4527.95 and low of Rs 2418.0.

The parties will also have the flexibility to participate in tenders and project bids either jointly or separately.

Kerala Congress leader Simi Rose Bell John was expelled for her remarks about exploitation of women in the party. BJP's Shehzad Poonawalla questioned Priyanka Vadra's stance on the issue, highlighting Congress's slogans against its actions. Simi John denied any conspiracy and criticized the party's treatment of female members.

After the revision, the bank will offer FD interest rates between 3% and 7.25% for tenures between 7 days to 10 years for deposits of less than Rs 3 crore for general citizens.

A far-right party secured a state election victory for the first time in post-World War II Germany, leading in Thuringia with 32-33% of votes. The new leftist party, BSW, also made an impact. Parties in Chancellor Olaf Scholz's government faced weak results, complicating future coalitions.

The IPO of Gala Precision Engineering, which opened today, was oversubscribed within an hour, showing strong demand from retail and non-institutional investors. The employee-reserved category was highly subscribed, but qualified institutional buyers did not place any bids yet. The proceeds will be used for new facility establishment, equipment procurement, debt repayment, and corporate purposes.