A political showdown between Donald Trump and Joe Biden sets up a high-stakes battle in the US. With economic growth, inflation, and job statistics at play, the fate of the dollar and equities hangs in the balance.
TCS forecasts an 8% YoY rise in net profit to Rs 11,984 crore, driven by order signings, BFSI, and retail. Revenue estimated at Rs 62,234 crore. Q1 results on July 11. Brokerages like PL, ICICI Securities, and Kotak provided various estimates. Key factors: EBIT margin, wage revision, campus hiring, dollar revenues, financial services, telecom, EBITDA, deal wins, and visa costs.
Tomato prices are expected to rise further in north India, including Uttar Pradesh, Delhi NCR, and Haryana, due to heavy rainfall damaging crops in Muradabad. Farmers report significant losses from both recent rains and earlier heatwaves, leading to rotting plants and fields. Vegetable prices overall, including potatoes and onions, have surged, with tomatoes now costing 75-80 rupees per kilo, up from 40-50 rupees in June.
A total of 5,148 shares changed hands on the counter till 11:26AM (IST).
Kotak Bank, ONGC, Apollo Hospital, RIL and UltraTech Cem. were among the top losers on NSE.
Seven equity mutual funds yielded over 20% returns in five years based on daily rolling analysis. Of 187 funds with five-year track records, top performers were small-cap-focused. Bank of India Small Cap Fund led with a 31.22% return, followed by Edelweiss Small Cap Fund at 28.69%.
Facebook founder Mark Zuckerberg said in an email to Silicon Valley investor Peter Thiel in 2020 that the company's future is the millennials. Zuckerberg, CEO of Meta Platforms, said in the coming years, institutions currently controlled by boomers will come in the hands of millennials and younger generations. Therefore, the messaging of the company must be geared towards them.
The order was presented to the Prime Minister of India for his distinguished contribution to the development of a privileged strategic partnership between Russia and India and friendly ties between the two countries.
Maruti Suzuki shares rise by 4% as UP government waives off registration tax on hybrid cars, offering potential benefits up to Rs 3.5 lakh for customers and leading companies. UP witnesses a significant increase in retail sales of passenger vehicles. The move aims to promote environment-friendly vehicles in the state.
A total of 8,290 shares changed hands on the counter till 11:21AM (IST).
The CUET-UG exam conducted in a hybrid mode for the first time across the country was cancelled in Delhi a night before the exam, citing logistical reasons. The exam was conducted in the national capital later. The NTA had earlier announced that the third edition of CUET-UG will be completed in seven days and there will be no normalisation of scores as all exams will be conducted in a single shift.
Bengaluru-based hospital chain Narayana Hrudayalaya (NHL) has introduced the Aditi insurance scheme, offering a Rs 1 crore cover for surgeries and Rs 5 lakh for medical treatments at NHL hospitals for an annual premium of Rs 10,000 for a family of four. The managed care model aims to provide affordable healthcare with controlled costs.
The NSE Nifty index was trading 65.71 points up at 24386.25
According to the bulletin, out of the 150 reservoirs, 20 are dedicated to hydroelectric projects, with a total live storage capacity of 35.30 billion cubic meters (BCM). The CWC bulletin on July 4 said the live storage available in these reservoirs was 39.729 BCM, which is 22 per cent of their total live storage capacity.
GAIL's stock rose 3.4% to Rs 230.50, with support at Rs 183 and resistance at Rs 239. Analyst Mandar Bhojane sees potential up to Rs 288 if breaking Rs 232. RSI at 64 and rising volume signal buying momentum. A Bull Call Spread is advised by Choice Broking as of July 8 (Disclaimer: Views are personal).
PwC report highlights how FOs have evolved from wealth preservation units to sophisticated entities driving impactful and responsible investing.
Fuelled by advanced technologies and automation, Indian manufacturing grows. Mid-career roles demand data analysis, Python, AI, leadership, supply chain, project management, and data science skills. Salaries vary; recommended upskilling includes UAV pilot training, maintenance, and repair. Emotional intelligence is vital. Freelance opportunities rise, notably in the UAV sector, emphasizing technology.
As of 31-Mar-2024, promoters held 0.0 per cent stake in the company, while FIIs held 8.3 per cent and domestic institutional investors had 3.03 per cent.
Four assembly seats in West Bengal are up for bypolls, with BJP leveraging its Lok Sabha success and TMC looking to build on electoral gains. Three seats are in south Bengal, won by BJP in 2021 but later switched to TMC. BJP and TMC have fielded candidates, with Left Front and Congress also in the race. Elections are closely watched, with results expected on July 13.
The Nifty IT index was trading 0.08 per cent up at 37771.95.
Supriya Sule said a delegation of the Nationalist Congress Party (Sharadchandra Pawar) met the EC officials and requested them to address concerns about "confusing" symbols assigned during the recently-held Lok Sabha elections.
On launching a real estate investment trust (REIT), Sanjay Dutt said, “Those options are always there. At that point in time, we will take a call. We don't want to comment right now because it's very fluid. Rightnow, our goal is to scale our portfolio and become meaningfully sizeable”.
Promoters held 38.12 per cent stake in the company as of 31-Mar-2024, while FII and DII ownership stood at 24.47 per cent and 15.92 per cent, respectively.
Gold and silver prices experienced a decline this week due to profit-taking ahead of the Fed Chairman's testimony and US CPI data. Traders are cautious amidst uncertainties in the market.
The 30-share BSE Sensex was up 240.57 points at 80200.95
