Oil prices have fallen to their lowest since January, improving profitability for fuel marketing companies and potentially allowing for a reduction in pump rates ahead of Maharashtra and Haryana assembly elections. Analysts predict oil price volatility, but the government may still leverage the situation to keep pump prices stable.
A total of 5,990 shares changed hands on the counter till 10:50AM (IST)
Five stocks, including HAL and Polycab, saw a short buildup in Thursday's trading session. This occurs when open interest and trading volumes rise while the stock price falls, indicating traders expect further declines. Other stocks experiencing this trend were Dixon Technologies, BEL, and BHEL.
Prime Minister Narendra Modi and Singapore's Lawrence Wong visited AEM Holdings Ltd to discuss collaboration in the semiconductor sector. They were briefed on the company's role and future plans for India. Both leaders also interacted with interns and engineers, emphasizing bilateral cooperation in advanced manufacturing.
A total of 206 shares changed hands on the counter till 10:44AM (IST)
The 30-share BSE Sensex was down 134.66 points at 82217.98
The Ministry of Labour has directed the Karnataka State Labour Commissioner to address a complaint by IT union NITES regarding Infosys' delayed onboarding of over 2,000 candidates. Infosys has begun sending joining dates to impacted graduates, with plans to onboard all by December due to increased demand and revised revenue guidance.
On September 4, the closing prices of five stocks from the Nifty500 index fell more than 1.5% compared to their Volume Weighted Average Price (VWAP). According to stockedge.com's technical scan data, a drop below the VWAP may indicate a potential bearish trend.
The 30-share BSE Sensex was down 149.73 points at 82202.91
The iPhone 16 series launch is imminent, with Apple set to introduce AI features in the new models. Leaked prices suggest a slight increase, with the base model starting at $799. Assembly in India may help manage import duties, potentially reducing prices for Indian consumers.
Here are eight effective ways to lower high cholesterol levels:
Virat Kohli emerged as the highest tax-paying cricketer in India for the financial year ending March 31, 2024, paying Rs 66 crore. He is followed by MS Dhoni and Sachin Tendulkar among sports personalities. Bollywood actor Shah Rukh Khan tops the overall celebrity list, contributing Rs 92 crore, buoyed by his box office successes. Other notable figures include Thalapathy Vijay, Salman Khan, and Amitabh Bachchan, who continue to make substantial tax contributions.
Volvo Cars will use a single software system powered by Nvidia chips for all future models and employ megacastings to reduce costs for electric vehicles. Starting with the EX90 model, this approach aims to enhance safety systems and allow over-the-air updates, without focusing on subscription services.
The 30-share BSE Sensex was down 133.41 points at 82219.23
Biocon, Syngene International, and three other stocks showed bullish trends in Thursday's trading session. These stocks experienced a rise in both open interest and stock prices, indicating fresh long positions.
Gold and silver futures showed slight gains on Thursday amid a weaker dollar index and downbeat U.S. job openings data. Gold October futures rose by 0.03% to Rs 71,484 per 10 grams, while silver December futures increased by 0.22% to Rs 83,750 per kilogram. Analysts expect continued volatility in precious metals prices this week.
Actually there is not much of a comparison to do because SpiceJet we know is struggling. So, from that perspective, I think InterGlobe becomes the obvious choice. And overall number of players are expected to keep on growing. And with crude being softer, InterGlobe obviously tends to benefit from this.
A total of 758,982 shares changed hands on the counter till 10:25AM (IST)
Shares of Zomato surged 7.6% on the BSE today, hitting an intraday high of Rs 261.50, following JPMorgan's target price increase to Rs 340 from Rs 208, while maintaining an overweight rating. JPMorgan highlighted Zomato’s leadership in retail consumer transformation through Quick Commerce and its expansion across metros after validating the model in NCR.
Google has updated its doodle to celebrate the Powerlifting event at the 2024 Paralympic Games in Paris. The doodle features a chicken lifting a loaf of bread, symbolizing the ongoing competition at Aréna Porte de La Chapelle. The event runs from September 4 to September 8, with athletes competing across various categories.
Suzlon Energy shares rose nearly 3% after the company signed a sale deed for its One Earth Property with OE Business Park. The property will be leased back to Suzlon for five years. The deal is valued at around Rs 440 crore. Suzlon also recently acquired a 76% stake in Renom Energy Services.
On the technical charts, the RSI of the stock stood at 62.75.
In August, around 86% of large and mid cap mutual funds outperformed their benchmarks. Out of 29 funds, 25 exceeded expectations, with notable returns from Aditya Birla SL Equity Advantage Fund and Axis Growth Opportunities Fund. However, four funds underperformed, including Tata Large & Mid Cap Fund and SBI Large & Midcap Fund.
The director of the biofuel supply chain player, Ashvin Patil, says agriculture is spread across the country and reaching all farms on time to collect waste needs more innovation.
The Nifty Pharma index was trading 0.78 per cent up at 23365.6.