It is very simple, what we call it 50-20-15-15, 50 for domestic equity, up to 20 for international equity, around 15 for commodities, 15 for fixed income.
Foxconn Chairman Young Liu plans to visit India this year after receiving the Padma Bhushan from India Taipei Association. Honored for his contributions to India's economy, Liu highlighted Foxconn's significant investments, including expanding iPhone production and setting up a chip plant and EV manufacturing unit
A total of 3,088 shares changed hands on the counter till 10:30AM (IST)
The Nifty Bank index was trading 1.2 per cent down at 52466.85.
Gold and silver surged, with MCX gold August futures at Rs 72,455/10g and silver September futures at Rs 92,171/kg. Key influences were a weak US Dollar Index, Independence Day, job reports, geo-political tensions, dovish Fed comments, and international profit-taking. Volatility expected; Jain suggests buying gold on dips around Rs 72,100, sets support/resistance levels.
Spanish prosecutors said Thursday that they were investigating Facebook owner Meta over suspicions it breached data-protection laws by using users' data to train its AI programme. It added that prosecutors were seeking to protect users' "personal data" and would consult the Spanish data-protection authority about possible measures. du/mb/rlp/js
A total of 3,338 shares changed hands on the counter till 10:25AM (IST)
The Nifty Auto index was trading 0.17 per cent down at 25322.45.
The stock quoted a 52-week high price of Rs 663.4 and low of Rs 371.45.
During the victory parade of the T-20 World Cup-winning Indian cricket team in South Mumbai, at least 11 people were hospitalized due to injuries or feeling unwell from excessive crowding. Nine were admitted to GT Hospital, with minor injuries and breathing difficulties, and are now stable. Additional individuals received treatment at St George's Hospital and a private hospital in South Mumbai, later being discharged. The parade attracted thousands of fans to Marine Drive, causing a situation akin to a stampede.
Rishi Sunak took 47.5% of the vote in his constituency of Richmond and Northallerton in northern England. Although he won by a slimmer margin, it was likely a relief for Sunak, who was reportedly worried about maintaining his once-safe seat in the days leading up to the vote.
On the technical charts, the RSI of the stock stood at 54.53.
The Nifty IT index was trading 0.14 per cent down at 37674.05.
The 30-share BSE Sensex was down 420.85 points at 79628.82
There is a disconnect where the geopolitical and geoeconomic tensions are high. Still, the reality of the macro on the ground is that the integration continues. So, there is not going to be any big rupture in Asia, but there is going to be a continuing integration or continuing alignment of India and other countries in Asia with the West including the UK, Invesco’s Arnab Das.
Nephro Care made a strong market debut on NSE SME platform with a 90% premium. The IPO garnered massive investor interest, oversubscribed by over 700 times. The company aims to establish a 100-bed multispeciality hospital in Kolkata using proceeds from the IPO. Nephro Care, led by Dr. Pratim Sengupta, focuses on comprehensive medical services for renal patients.
On the technical charts, the 200-day moving average of the stock stood at Rs 154.28.
BUDGET 2024: Finance Minister Nirmala Sitharaman is expected to prioritize affordable housing in the upcoming Union Budget, former HDFC CEO Keki Mistry stated. Real estate developers are advocating for tax rationalization, more funds for the SWAMIH scheme, and continued government backing to sustain sector growth and stimulate demand
The Indian rupee reached 83.4625 against the U.S. dollar, aided by a weaker dollar index and gains in yen and yuan. Brent crude prices eased. The U.S. jobs report and bond yields will impact Federal Reserve rate forecasts. Importers' hedging may limit rupee gains. Lloyd Chan of MUFG Bank expects the dollar to weaken as U.S. job market softens.
Pakistan government plans to ban all social media platforms, including YouTube, WhatsApp, Facebook, Instagram, and TikTok, for six days during Ramadan to control 'hate material'. The decision was made by Chief Minister Maryam Nawaz's cabinet committee on law and order in Punjab. Army Chief and Deputy Prime Minister support the move.
Six opposition BRS MLCs in Telangana have joined the ruling Congress, a significant setback for the opposition party. The party, which lost the Assembly polls last year, has been struggling with desertions, with several leaders, including six MLAs, leaving the party. The Congress has 25 members, while BRS has 25.
Maharashtra cuisine: Foods to eat on a rainy day for a heartwarming feeling
The Relative Strength Index of the stock stood at 66.48 on Friday.
Mphasis Ltd, part of the IT sector, shows potential for short-term traders with a breakout from an inverse Head & Shoulder pattern. Experts recommend buying the stock with targets of Rs 2,850 and Rs 2,960 in 1-3 months.
