Siemens shares fall 1.11% as Nifty drops
The stock quoted a 52-week high price of Rs 7974.25 and a 52-week low of Rs 3248.0.
The stock quoted a 52-week high price of Rs 7974.25 and a 52-week low of Rs 3248.0.
The Nifty IT index was trading 0.24 per cent up at 42013.8.
Investec maintains a hold rating on Titan with a target price of Rs 4,100, expecting strong revenue growth but muted PAT. The jewellery segment sees good growth, but a weak studded mix may dent margins. Watches and wearables grew 19% YoY, while eyewear lags behind. Emerging businesses posted double-digit growth, with fragrances up 19% and fashion accessories up 11%.
A US-based Hindu political group has raised concerns over Kamala Harris’s connections with Pakistani-American Asif Mahmood from the USCIRF. The group fears this relationship may influence her stance on sensitive issues, including Kashmir. This comes after the USCIRF released a critical report on religious freedom in India, which the Indian government has condemned.
A total of 10,080 shares changed hands on the counter till time (IST).
The 30-share BSE Sensex was down 233.69 points at 81454.76
Kotak Mutual Fund launched the Kotak MNC Fund, focusing on investing in multinational companies for long-term growth, with subscriptions open until October 21 and a minimum investment of Rs 100.
The Israel-Hamas war, ongoing for a year with heavy casualties, has displaced millions on both sides. The conflict magnifies internal divisions in Israel, while Hamas's guerrilla tactics and survival strategy challenge Israel's military goals. Diplomatic efforts for a truce have consistently failed.
The stock quoted a 52-week high price of Rs 1826.2 and a 52-week low of Rs 1002.7.
The 30-share BSE Sensex was down 310.73 points at 81377.72
Prime Minister Narendra Modi shared a garba he wrote in tribute to Maa Durga for Navratri. He expressed gratitude to singer Purva Mantri for her rendition. Modi also extended Navratri greetings to the nation, hoping for Maa Durga’s blessings for everyone. Navratri, a significant Hindu festival, celebrates Goddess Durga and her nine forms with devotion and joy.
Christopher Ciccone, Madonna's brother, passed away at 63 after battling cancer. Ciccone, an artist and designer, played significant roles in Madonna's early career, directing tours and designing her homes. Although their relationship was strained, Madonna paid tribute to their unique bond, praising his talents and character. He is survived by his husband Ray Thacker.
Info Edge (India) shares fell 3.3% despite a 12% YoY billing increase to Rs 650.3 crore for Q2. The company reported strong profit growth amid significant share price gains.
A total of 4,110 shares changed hands on the counter till 11:10AM (IST).
A 26-year-old investor from Meerut has gone viral for a matrimonial ad claiming his Rs 29 lakh income grows 54% annually. He offers a PowerPoint on safe investing, sparking both amusement and skepticism online, with many doubting the realism of his financial claims.
Salary hikes in IT companies are shifting from the traditional April-June period to later in the year, introducing unpredictability. Raises now depend on market demand and company performance, with some firms like Cognizant taking steps to tackle attrition while others delay increments due to low discretionary spending.
The Nifty Pharma index was trading 0.73 per cent down at 22926.2.
These seven celebrities, including SRK and Jacqueline Fernandez, own private islands, offering unmatched privacy, luxury, and stunning natural beauty.
A total of 1,755 shares changed hands on the counter till time (IST).
A tanker explosion outside Karachi Airport killed two Chinese workers and injured at least eight, including Pakistani casualties. Authorities suspect a targeted attack against foreigners, calling it a terrorist act. The blast caused extensive damage, prompting both nations to call for a thorough investigation.
Sandip Sabharwal notes a foreign investor-led selloff and identifies potential buy zones in largecap stocks like L&T, Reliance, and ICICI Bank. He highlights mixed business updates in the banking sector and a slower-than-expected recovery in consumer names. He also addresses financial stresses, inflation pressures, and the need for fiscal and monetary interventions to support the economy.
A short buildup occurs when there is a rise in open interest and trading volumes, coupled with a decrease in the price of the underlying stock in the Futures and Options segment.
A total of 1,851 shares changed hands on the counter till 11:01AM (IST).
Union Minister Kiren Rijiju accuses Congress of treating Muslims as a vote bank and misleading the public about BJP's intentions regarding the Constitution. He criticizes Rahul Gandhi's associations and highlights Congress's historical disrespect towards Dr. B.R. Ambedkar, alleging they tried to diminish his legacy.