Sun Pharma, M&M, Power Grid, Titan Company and Bajaj Finance were among the top losers on NSE.
The Allahabad High Court has dismissed a petition filed by NEET-UG aspirant Ayushi Patel after finding discrepancies in her claims regarding a damaged OMR answer sheet. Patel alleged the National Testing Agency (NTA) failed to declare her result due to a torn OMR sheet. However, upon court order, the NTA presented the original OMR sheet, which showed no damage. The court, terming it a case of "forged documents," dismissed the petition and said the NTA is free to take legal action.
Maharashtra, with its diverse landscape and abundant rainfall during the monsoon season, is home to many stunning waterfalls. Here are seven waterfalls in Maharashtra that are particularly enchanting during the monsoon:
The Nifty Bank index was trading 0.2 per cent up at 51501.8.
According to technical scan data from stockedge.com, on June 19th, three stocks from the Nifty500 index were identified by the "White Marubozu" bullish scanner.
I think that financials, again, the PSU banking space, they are still trading at under one time book. Even old private sector banks are trading at one time and lower book, they are trading at five-ten times price to earnings. And if the private sector capex is to pick up, then it is this space which will be the bigger beneficiary of that trend than not and as a result for the growth that they will show at five-ten times price to earnings, they are quite reasonably positioned.
The summer of 2024 in India has claimed over 100 lives and affected the health of thousands amid a prolonged heatwave and severe floods. Over 40,000 suspected heatstroke cases have been reported due to the relentless heat. Simultaneously, heavy rainfall has triggered severe floods in parts of the country, particularly in the northeastern region.
Delayed monsoon raises concerns over kharif crop cultivation, with only 10% of soyabean area sown in Madhya Pradesh. Farmers in West Bengal and Uttar Pradesh await rains for paddy. Pulses traders are worried about tur and urad crops amid intense heatwave conditions with below-normal monsoon predicted by IMD. Good rains are needed by early July for crops to thrive. Government estimates show mixed output for tur and urad in kharif 2023.
India Inc ended FY24 on a strong note with 9 companies maintaining profit margins above 25%, including Motilal Oswal, Tata Investment, and Hindustan Zinc.
West Bengal Governor CV Ananda Bose has expressed concerns about the security of the Kolkata Police contingent in Raj Bhavan, despite orders to vacate the premises. Bose has reported constant snooping by the police, believing it is influenced by outside influencers, and has informed Bengal CM Mamata Banerjee of his insecurity.
A total of 429,843 shares changed hands on the counter till 10:45AM (IST)
About seven-eight premises, including the premises of a quarrying company linked to Madhusudan Reddy, were searched during the raid.
Macquarie upgraded Kotak Mahindra Bank, City Union Bank, and Bandhan Bank to outperform with raised target prices. They downgraded SBI to underperform but increased its target price.
The 30-share BSE Sensex was down 36.43 points at 77301.16
Economists generally believe that the diffusion and adoption of generative AI will occur much faster, in part because information flows more quickly than it did in the past.
According to technical scan data from stockedge.com, on June 19th, the closing prices of four stocks decreased by more than 2% compared to the Volume Weighted Average Price (VWAP). This movement below the VWAP indicates a potential bearish trend in these stocks.
The 30-share BSE Sensex was down 68.45 points at 77269.14
The changing work culture is causing a gap between employer and employee expectations in hiring and retention. Companies struggle with mismatched salary expectations, required skills, and cultural fit issues. Nonprofits and FMCG companies face the most challenges. Many employees in India and Asia Pacific prioritize flexibility and career progression. Ageism is evident, especially in sectors like Insurance.
Scheduled Commercial Banks (SCBs) in India saw a significant 19.3% year-on-year credit growth in the last quarter of FY24, translating to an expansion of ₹26.6 lakh crore, reaching ₹164.3 lakh crore in total credit. This surge was driven by personal loans and lending to NBFCs. Deposit growth lagged at 13.6%, with the credit-to-deposit ratio rising to 79.7%.
HDFC Life Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 128239.29 Crore) operating in Financial Services sector.
The stock quoted a 52-week high price of Rs 42850.0 and a 52-week low of Rs 33100.0.
Zelio Ebikes introduces the X Men low-speed electric scooter with lead-acid battery options, aimed at students, college goers, and office commuters.
The NSE Nifty index was trading 0.91 points up at 23516.9
Many of these stocks have rallied multi-fold. In capital goods, I know of companies that I hold, which are up like five-six times in the last one odd year. Now, to say that they still have a lot of steam left and most of the upsides are ahead of us, I do not think that would be a prudent way to approach this space.
