French election night turned turbulent as results showed a left-wing coalition poised to claim the majority of parliamentary seats, prompting both celebrations and unrest in Paris, Fox News reported. Prime Minister Gabriel Attal announced his resignation as a far-left political alliance unexpectedly surged ahead in the snap elections.
Momentum is back in select large cap stocks.
Mumbai Rains: Mumbai experienced heavy rains early Monday, causing significant traffic congestion and slow vehicle movement at Mumbai airport. IndiGo and Vistara issued advisories to passengers, urging them to allow extra travel time due to weather conditions. Vistara informed customers of expected delays en route to the airport, while IndiGo mentioned that flights to and from Mumbai were affected by the rains, offering options for alternate flights or full refunds.
NSE Nifty hit a record for the third session, Sensex fell below 80,000. Stocks: Raymond (+10%), RBL Bank (-1.28%), AstraZeneca India (-3.77%). Pravesh Gour of Swastika Investmart noted Raymond's bullish flag formation with MACD and RSI support. Demand zones and support levels for RBL Bank and AstraZeneca India were also provided.
In a BSE filing on its quarterly revenue update for the April-June quarter of FY25, Nykaa said for the consolidated entity, the GMV (Gross Merchandise Value) growth for the quarter is seen to be in the mid-20s year-on-year.
At the 2015 UN climate talks in Paris, world leaders committed to limiting the global average temperature rise to 1.5 degrees Celsius above the pre-industrial period to avoid the worst impacts of climate change. However, a permanent breach of the 1.5-degree Celsius limit specified in the Paris Agreement refers to long-term warming over a 20 or 30-year period.
Investors are advised to consider banking funds for diversification and potential gains, as the Nifty Financial Services Index shows attractive valuations. Fund managers recommend allocating 5-10% of the portfolio to these funds for long-term benefits.
Prashant Mahesh advises high-risk takers to consider the ICICI Prudential Energy Opportunities Fund, closing July 16, with a ₹5,000 minimum investment and 1% exit load within three months. Managed by Sankaran Naren and Nitya Mishra, it’s benchmarked to Nifty Energy TR Index. Rising energy needs and sector participation offer growth, but new investors should diversify.
Public sector banks are reducing their bond holdings while foreign lenders are increasing theirs, impacting the trading landscape. Factors like excess SLR holdings and a tightening monetary policy have contributed to this shift. The market value of investments is assessed at ₹22.4 lakh crore.
Elvis Presley was romantically linked with co-stars during his heydays. Presley's ex Carol Connors has talked about Ann-Margret and shared personal details.
