The 30-share BSE Sensex was up 280.65 points at 74763.43
Congress general secretary Jairam Ramesh has accused the BJP government of making Gujarat a hub for drug traffickers from Pakistan and questioned Prime Minister Narendra Modi's response to the rise of drug smuggling in the state. Ramesh claimed that the BJP government has made Gujarat a hub for drug traffickers, with recent smuggling attempts detected.
Union Minister Mansukh Mandaviya is taking a leaf out of Mahatma Gandhi's book by making foot marches the centerpiece of his election campaign in Porbandar, Gujarat. Emulating Gandhi's padyatras, Mandaviya has eschewed lavish roadshows for door-to-door interactions, seeking support for himself and his party. This strategy, he believes, allows him to connect with voters more intimately while keeping campaign costs down. Mandaviya's approach has garnered him affection and support from locals, highlighting... Читать дальше...
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On the technical charts, the 200-day moving average of the stock stood at Rs 219.87.
Sanjiv Bhasin warns of a potential sharp correction in the stock market due to rising borrowing costs and uncontrolled inflation. He highlights Anil Agarwal's plans for the steel business demerger and discusses the challenges faced by Kotak Bank with online KYC regulations. He also says KV Manian's resignation from Kotak Bank will get absorbed by the market. There are enough good people within Kotak Bank to take that mantle.
A total of 417,069 shares changed hands on the counter till 10:35AM (IST).
Congress reiterates its goal to defeat BJP in the 2024 elections amid controversy over a video clip allegedly showing Adhir Ranjan Chowdhury suggesting voting for BJP over TMC. West Bengal Congress denies the clip's authenticity, lodging a complaint with the EC. TMC accuses Chowdhury of being a BJP agent, claiming his actions prevented an alliance in Bengal. Congress emphasizes adherence to its ideological commitment, urging leaders to refrain from statements conflicting with the party's stance.
In April, India's manufacturing sector saw a slight slowdown, yet remained strong due to high demand, revealed by a private business survey. This surge in demand drove companies to increase raw material procurement nearly to record levels. The HSBC final India Manufacturing Purchasing Managers' Index dipped to 58.8 from March's 16-year high of 59.1.
Ram Ratna Wire, Uravi T and Wedge, Geojit Financial, Hindustan Motor and REC, hit their fresh 52-week highs at 10:34AM.
Creating a cute indoor garden with tiny plants is a charming idea! Here are nine small plants perfect for such a project:
Blackstone-backed Aadhar Housing Finance's IPO, priced at Rs 300-315/share, aims to raise Rs 3,000 crore. Subscription ends May 10. Valued at Rs 13,000 crore, the company serves low-income customers with average loan size of Rs 9 lakh.
Adani Total Gas shares jumped 4% to Rs 969 on BSE driven by a 71% YoY growth in net profit to Rs 168 crore. Revenue also rose 5% YoY to Rs 1,258 crore, with a dividend recommended for FY 2023-24.
Kotak Bank, Bharti Airtel, Divis Labs, Tata Consumer and Wipro were among the top losers on NSE.
Samajwadi Party leader Shivpal Yadav's inadvertent call for BJP's victory sparks controversy in Etawah. Acknowledging the slip of the tongue, he asserts BJP's fear of Mulayam's family. Confident in SP's prospects, he predicts victory in UP's Lok Sabha elections. Amidst accusations and low voter turnout observations, Yadav maintains an aggressive campaign stance, countering criticism from BJP leaders and UP Chief Minister Yogi Adityanath.
Gold prices increased as the Federal Reserve indicated a less aggressive stance on interest rate hikes, leading to lower U.S. treasury yields and a weaker dollar. The softening dollar, coupled with market speculation about Japan intervening to support the yen, further helped boost gold prices.
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A total of 21,543 shares changed hands on the counter till 10:25AM (IST)
The Nifty Bank index was trading 0.02 per cent up at 49407.0.
The Army’s psychological warfare soldiers are using their brand of mental combat to bring in what the service needs: recruits. And if you find the video intriguing, you may be the Army’s target audience as it works to enlist soldiers to join its Special Operations Command.
At the interbank foreign exchange, the domestic unit opened strong at 83.41 but later slipped to its previous closing level of 83.43 against the dollar.
Pawar criticizes PM Modi for inaccurate speeches, diverts attention, targets Pawar, Uddhav Thackeray. Questions Maharashtra's 5-phase voting in Lok Sabha elections, accuses Modi of creating social tension with false claims like religion-based reservation and wealth redistribution.
A total of 19,953 shares changed hands on the counter till time (IST).
The 30-share BSE Sensex was up 231.52 points at 74714.3
