Gold and silver prices on MCX opened flat, with gold at Rs 71,712 per 10 gms and silver at Rs 88,858/kg. Both settled mixed on Monday amid US economic data anticipation.
The Nifty Bank index was trading 0.87 per cent up at 52153.0.
US Secretary of State Antony Blinken urged Israel to avoid escalating tensions in Lebanon during a meeting with Defense Minister Yoav Gallant. They discussed efforts to free hostages in Gaza, emphasizing the importance of a diplomatic resolution. Tensions have risen with Hezbollah in Lebanon. Meanwhile, Israel is winding down the Gaza conflict, redeploying forces to the northern border. President Joe Biden proposed a ceasefire and hostage release plan on May 31, but Hamas has its own demands. Gallant... Читать дальше...
Russia's Admiral Gorshkov navy frigate, which visited Cuba earlier in June, conducted anti-submarine drills in the Atlantic Ocean using a helicopter, the defense ministry announced on Tuesday. The helicopter's crew practiced tactical techniques for locating and tracking submarines more than 50 kilometers (31 miles) from the ship, making a total of five landings on the frigate's deck. The drills followed the frigate and the nuclear-powered submarine Kazan's training in the Atlantic, including high-precision missile weapons exercises... Читать дальше...
Happiest Minds shares decline 9.5% as Ashok Soota likely sells 6% stake, 91.3 lakh shares. Q4FY24 PAT up 24.8%, revenue grows 9.5% YoY. Trading in overbought zone near 71 RSI level.
Amara Raja Energy partners with Gotion High-Tech for advanced cell manufacturing, accessing technology, Gigafactory facilities, and battery materials. Collaborations with InoBat strengthen LiB battery development.
A total of 181,616 shares changed hands on the counter till 10:45AM (IST)
The Nifty Pharma index was trading 0.1 per cent up at 19541.55.
In 2024, the midcap category's top performers included ITI Mid Cap Fund, Motilal Oswal Midcap Fund, and ICICI Prudential Midcap Fund, delivering strong returns.
The NSE Nifty index was trading 54.41 points up at 23592.25
AFG vs Ban T20 World Cup: In a crucial Super Eights T20 World Cup match, Afghanistan qualified for the semi-finals by beating Bangladesh. Bangladesh, chasing 116, lost the rain-inturrupted match by 8 runs. If the match cannot resume, Afghanistan advances with three points from three games. Earlier, Bangladesh bowlers restricted Afghanistan to 115/5, led by Rishad Hossain's three for 26.
India’s fintech sector has been bearing the brunt of strict regulations by the RBI, which has also led to investors losing confidence in the startups. However, industry leaders believe these regulations will only make the ecosystem stronger.
In the lead-up to assembly elections, Shiv Sena (UBT) MLC Anil Parab proposed a bill mandating 50% housing quotas for Marathi speakers in new Mumbai projects. Pending approval, it suggests penalties for non-compliance. Legal experts doubt its constitutionality, citing past court rulings against similar quotas. The bill may be introduced this Thursday.
Divine Power Energy, Petro Carbon and Chemicals, and Akiko Global Services are offering their shares to investors, aiming to raise funds for various purposes. The IPO market is thriving with these new issues, providing opportunities for Qualified Institutional Buyers, Retail Investors, and Non-Institutional Investors to participate in the offerings.
A total of 375,696 shares changed hands on the counter till 10:35AM (IST)
The Nifty Realty index was trading 1.37 per cent down at 1119.85.
The NDA government in Bihar has cancelled 350 contracts worth Rs 826 crore awarded during the previous RJD-led 'Mahagathbandhan' government due to irregularities in selecting contractors for rural water supply projects. The Public Health Engineering Department uncovered discrepancies and initiated a thorough probe. RJD leaders criticised the cancellations, claiming the NDA is intimidated by the success of the previous government's welfare initiatives.
The death toll in the hooch tragedy in Tamil Nadu's Kallakurichi district rose to 59 on Tuesday, the district administration said. While 111 persons are undergoing treatment at Kallakurichi Government Medical College hospital, hospital authorities stated.
A total of 3,187 shares changed hands on the counter till 10:30AM (IST)
Budget 2024 anticipates positive impacts on various sectors, with potential benefits for consumer goods and affordable housing. The budget may include tax cuts, interest subsidy reintroduction, and stable capital gains tax policies, fostering economic growth and fiscal prudence.
With streamlined regulations and increased credit access, MSMEs have the potential to boost India's real estate sector.
Union Defence Minister Rajnath Singh spearheaded the NDA's outreach to opposition parties for consensus on the Lok Sabha Speaker choice. The NDA candidate is set to file nomination on Tuesday. Singh engaged with Congress president Mallikarjun Kharge and DMK leader M Stalin, aiming to secure support. Nomination for the deputy speaker's role may follow, pending factors such as opposition stance.
On the 49th anniversary of Emergency, Prime Minister Narendra Modi said on Tuesday that its dark days are a reminder of how the Congress subverted basic freedoms and trampled over the Constitution which every Indian respects greatly. Hitting out at the main opposition party, he said in posts on X that those who imposed the Emergency have no right to profess their love for our Constitution.
