The NSE Nifty index closed 36.75 points up at 23537.85
The Indian rupee closed stronger on Monday at 83.4600 against the U.S. dollar, supported by gains in most Asian currencies. The Indonesian rupiah led the gains, while dollar sales from foreign banks helped the rupee, despite oil companies' bids eroding some gains.
The Noida International Airport, initially set to launch by September 2024, now expects to start flights by April 2025 due to construction delays. Located in Jewar, near Delhi, the airport's advanced construction includes a runway and terminal. The project aims to accommodate 12 million passengers annually in its first phase.
Monsoon has entered Mumbai and is currently in full swing, with the weather department predicting rainshowers almost every day.
In the Nifty pack, 27 stocks closed in the green, while 22 stocks ended in the red.
HDFC Bank, Bank of Baroda, ICICI Bank, and AU Small Finance Bank led gains while selling was seen in SBI, Axis Bank, PNB, and IndusInd Bank. Bank Nifty has the highest PE OI at a 51,000 strike price, while the maximum CE OI is at 52,000, indicating this week’s expiry range to confide within 51,000 to 52,000, data showed.
Amid controversies over NEET and NET exam irregularities, UPSC plans to implement facial recognition and AI-based CCTV systems to prevent cheating. The initiative aims to ensure fair exams for about 26 lakh candidates annually. A tender seeks solutions for biometric authentication and real-time surveillance to enhance the examination process.
Mutual funds, if you look at the smallcap number of folios, that has gone up 4x in under three years. We have now more smallcap folios than midcap or largecap number of folios.
The students, holding placards and NSUI flags, gathered in large numbers at Jantar Mantar for their 'Chhatra Sansad Gherav'.
Budget 2024: Look back at the most iconoic budgets of India presented by Nirmala Sitharaman, P Chidambaram and Yashwant Sinha
Investors traded cautiously amid sectoral swings. Sensex closed around 77,341, Nifty sealed the day at 23,538. Sectorally, the gains were led by auto stocks, whose index was up nearly 0.9% and the FMCG pack, which rose around 0.72%. The Nifty IT, metal, PSU bank and pharma indices spoiled the market mood.
Vadodara fashion designer Archana Makwana received police protection after death threats for performing yoga at the Golden Temple in Amritsar. Her acts sparked criticism and a legal case under IPC section 295-A. Makwana apologised, explaining her intention was unity and fitness, not offense. The Vadodara police provided protection for a week, extendable, as Makwana thanked them and the Gujarat government for their support against the backlash.
Quant Mutual Fund has received inquiries from Sebi in the suspected front-running case. The market regulator has seized mobile phones, computers and other digital devices while raiding Quant's Mumbai headquarter and the Hyderabad premises of suspected beneficiaries to find out who was leaking confidential information from the fund house to make profit.
The monsoon season provides relief from the intense heat and sun. One of the greatest things to look forward to is spending rainy days with some of the tastiest sweets.
Six individuals arrested in Prayagraj for the paper leak of the Review Officer/Assistant Review Officer Examination-2024, which originated from a printing press in Bhopal. The individuals arrested include a printing press worker. The STF reported the seizure of a laptop, six mobile phones. Earlier, ten other individuals had been arrested in relation to this case.
Juvenile hilsa weighing 50-200 g is causing damage to the hilsa ecosystem in the Ganga estuary. Trawlers are bringing in mainly small hilsa, impacting the population. Fishermen face challenges during ban periods, leading to unsustainable practices.
MK Dhanuka of Dhanuka Agrotech says that because the monsoon prediction is good, although it is a little delayed in some parts of the country, definitely this year is going to be a bumper year for the agrochem industry because demand is much more and the supply is less, so the prices are also on the rise.
Congress leader Rahul Gandhi criticized PM Modi's government, listing ten issues from the first fifteen days of its term, including a train accident, NEET and UGC NET exam irregularities, rising costs, and a water crisis. He accused Modi of focusing on political survival over public accountability and vowed continued opposition pressure.
Signs of acrimony between the BJP-led govt and the opposition were visible at the start of the first parliamentary session of Modi 3.0. A united opposition — which won about 230 of the 543 seats in the Lok Sabha — are opposing the BJP’s selection of a temporary speaker of parliament and are protesting against a brewing scandal over entrance exams.
Newly-elected MPs in the Lok Sabha took oaths in diverse languages such as Sanskrit, Hindi, Dogri, Bengali, Assamese, and Odia, including Prime Minister Narendra Modi in Hindi. There were "Jai Shri Ram" chants during the process. Amid controversies over exams, Education Minister Dharmendra Pradhan took his oath in Odia. Kerala's first BJP MP, Suresh Gopi, invoked gods in Malayalam. Various other ministers took oaths in languages including Bengali, Marathi, Telugu, and Kannada.
Foreign Institutional Investors (FIIs) were net sellers of Rs 3,064 crore in the first 15 days of June.
India's Adani Group is "well positioned" to capitalize on opportunities in the country's booming infrastructure sector as spending is expected to surge, Chairman Gautam Adani told investors on Monday.
BJP chief JP Nadda wrote to Congress President Mallikarjun Kharge, criticising the Congress party's silence on the Tamil Nadu hooch tragedy that claimed 56 lives. He called it a "man-made disaster" due to a nexus between the ruling DMK-INDI alliance and illicit liquor mafia. Nadda urged Kharge to push for a CBI probe, demand the removal of the State Prohibition Minister, and increase compensation for the victims' families. Nadda accused the Congress of neglecting the SC community and calling out Rahul Gandhi for his inaction.
