China's ByteDance collaborates with U.S. chip designer Broadcom to develop a 5nm AI processor, ensuring a stable supply of high-end chips for TikTok and other apps amid U.S.-China tensions.
: Parliament Session: Ahead of the commencement of the first session of the 18th Lok Sabha, Congress leader Jairam Ramesh criticized Minister of Parliamentary Affairs Kiren Rijiju's statement on social media, stating that actions would speak louder than words. Rijiju had welcomed newly elected members and expressed willingness to assist them in running the house smoothly. Ramesh responded, urging Rijiju to back up his words with action. In a subsequent exchange, Rijiju emphasized the importance of positive contribution from all members... Читать дальше...
Bajaj Auto Ltd., incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 268075.38 Crore) operating in Auto sector.
PVR INOX Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 14100.45 Crore) operating in Media & Entertainment sector.
Haryana Chief Minister Nayab Singh Saini and his cabinet ministers are set to visit Uttar Pradesh's Ayodhya on Monday for a darshan of Lord Shri Ram. The visit is part of the state government's efforts to facilitate pilgrimages, including through the 'Mukhyamantri Teerth Darshan Yojana', which provides buses for people to visit Ayodhya and other pilgrimages. The government has also extended these facilities to economically backward sections.
A 5-year swing high signifies a stock's peak price over half a decade, a key resistance where price gains typically stall. It often indicates bullish sentiment and potential for upward movement. Contrasts with a 5-year breakout, where stock surpasses a long-held resistance level.
Undoubtedly, markets will have their ups and downs. There will be bull market. There will be a bear market. But overall, being an investor, you will make money in India.
Nifty is currently a little above its 10-day EMA, while 23,400 is crucial support as Nifty came down to those levels throughout the week but did not breach it. Shrey Jain of SAS Online expects some directional move ahead after days of volatility contraction, suggesting that traders can deploy a Bear Put Spread in such a situation.
The Regional Meteorological Department of Mumbai has issued alerts for heavy rainfall and thunderstorms in several areas of Maharashtra. Thane and Mumbai are under a yellow warning, while Raigad and Ratnagiri are under an orange alert for the next five days. Sindhudurg, Kolhapur, and Satara are also under an orange alert. Other areas like Nasik, Jalgaon, Amravati, and Bhandara have been issued a yellow alert. Due to heavy rains, the Fire Brigade Department in Thane responded to several rescue calls... Читать дальше...
Delhi-NCR experienced light rain with high humidity causing discomfort. Heat index reached 53°C. Heatwave unlikely till month-end as IMD predicts light rain this week. The maximum temperature is likely to remain between 40 degrees and 42 degrees this week.
The Centre's high-level committee overseeing the National Testing Agency (NTA) is set to meet on Monday to address transparency and operational issues. This committee, led by Dr. K. Radhakrishnan, will submit its recommendations on reforming the examination process and improving data security to the Ministry of Education in the next two months. The NTA, which conducted the NEET-UG exams, has faced criticism and allegations of irregularities, leading to protests and demands for its disbandment.
While the expectations on overall economic growth were unchanged, FED committee members increased their inflation forecast for 2024 and 2025 and hence in June 2024, Fed kept the interest rates unchanged at 5.50%.
Ajay Bagga says railways and defence sectors have already run up much and multi-year order books have been factored in. Now it is the execution challenge. So, have the investors already eaten the pie for railways and defence? Not fully, but right now there might be one more move up like we saw in railway stocks today.
Companies like Tata Elxsi, Titan, and JSW Holdings are set to be in the spotlight this week with corporate actions such as dividends, stock splits, and annual general meetings lined up.
Eight stocks are under F&O trade ban, including Balrampur Chini Mills, GNFC, Hindustan Aeronautics, Hindustan Copper, Indus Towers, and Piramal Enterprises. Birlasoft exits ban list while Chambal Fertilisers and Granules enter. Ban lifted when open interest falls below 80%.
Haryana Chief Minister Nayab Singh Saini announced an increase in the annual income limit for the creamy layer from Rs 6 lakh to Rs 8 lakh, aiming to provide significant employment benefits for the OBC community. This announcement, made at the 'OBC Morcha Sarv Samaj Samrasta Sammelan' in Gurugram, comes ahead of the Haryana Assembly polls likely in October. Saini also revealed plans to increase reservation for backward classes in Group-A and Group-B posts from 15% to 27%, aligning with Central government policy.
