A short buildup occurs when open interest and volumes increase while the price of the underlying stock falls in the Futures and Options segment.
Shiba Inu remains dominant in the meme coin market but faces competition from newer meme coins like Pepe Unchained, Shiba Shootout, and The Meme Games. Investors are also showing interest in emerging coins such as Base Dawgz and Dogwifhat. These new coins offer potential for significant returns due to their unique utilities and low initial market caps.
A total of 1,879,737 shares changed hands on the counter till 12:02PM (IST).
At least 24 people were killed and around 70 people were injured after massive landslides hit Meppadi area in Wayanad in the early hours of Tuesday. Following the tragedy, Kerala Chief Minister Pinarayi Vijayan has ordered postponement of all state government public events scheduled the day.
Bitcoin retained its status as the leading cryptocurrency, yet altcoins like The Meme Games, Pepe Unchained, Base Dawgz, PlayDoge, and XRP are showing signs of strong performance for 2024. These altcoins have unique themes and innovative uses, gaining significant investor interest during their presales and early stages.
Veteran actor and Samajwadi Party MP Jaya Bachchan sparked debate by objecting to being called 'Jaya Amitabh Bachchan' in Parliament. A viral video shows her criticizing the practice of women being identified by their husbands' names. The incident has divided public opinion, with some supporting her stance and others criticizing her reaction.
Mukesh Ambani, Asia's wealthiest person, discussed his reading habits, emphasizing his interest in technical books on gene editing and blockchain. He revealed he is currently reading 'CRISPR/Cas Genome Editing' and a blockchain book by Alan Wright. Ambani also mentioned enjoying non-fiction works like 'Leonardo Da Vinci' by Walter Isaacson and 'Origin' by Dan Brown.
Several brokerages are bullish on a number of stocks from different sectors, such as banking and Iron & Steel.
Rail Vikas Nigam's shares rose 3.3% on BSE after the company won the bid for developing distribution infrastructure in Himachal Pradesh. The project, valued at Rs 739.07 crore, will take 24 months to complete. RVNL's board will also review quarterly financial results on August 8, adding to the company's recent growth momentum.
Budget 2024: Sovereign Gold Bond scheme investors are in for a rejoice because now if they are being held for more than 12 months, it is to be classified as a long term capital gains asset and be accordingly taxed. However if you hold it till maturity then it is tax free.
As of 30-Jun-2024, promoters held 39.98 per cent stake in the company, while FIIs held 28.25 per cent and domestic institutional investors had 7.79 per cent.
Aditya Birla Sun Life Mutual Fund has filed with Sebi for a new Nifty India Defence Index Fund, becoming the third fund house to offer a passive defence sector fund. Over the past year, the Nifty India Defence - TRI has provided a notable 162% absolute return, enhancing its appeal.
Heavy rains from Tropical Storm Gaemi in southeastern China have caused seven deaths and left three missing in Hunan province, raising the overall death toll to 22. Extensive rainfalls led to mudslides, damaged homes, and forced the evacuation of more than 11,000 people. River dikes in Xiangtan were breached, prompting evacuations.
Promoters held 50.26 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 18.75 per cent and 8.44 per cent, respectively.
Suzlon Energy's shares hit a new high following a 23% rally spurred by impressive Q1 results, including a 200% year-on-year profit gain and a 50% revenue increase. Brokerage firms have raised target prices, highlighting the company's strong order book and improved financial health.
The Union Government faces criticism after the Howrah-CSMT Express derailed in Jharkhand, killing two and injuring many. Opposition leaders blame the central government and Railway Minister Ashwini Vaishnaw for negligence and demand accountability for the increasing number of rail accidents.
China will enhance macroeconomic policy, counter-cyclical adjustments, and stimulate domestic consumption, according to a Politburo meeting. The meeting highlighted increasing adverse effects from external changes, insufficient domestic demand, and challenges in transitioning to new growth drivers.
Prime Minister Narendra Modi will be speaking at the inaugural session of Journey Towards Viksit Bharat: A Post Union Budget 2024-25 Conference at New Delhi’s Vigyan Bhawan on Tuesday at 12pm. Finance Minister Nirmala Sitharaman, Commerce and Industry Minister Piyush Goyal and Minister of Skill Development and Entrepreneurship Jayant Chaudhary will also be speaking at the event.
Ola Electric’s IPO, opening on August 2, aims to raise Rs 5,500 crore through a fresh issue and sell 8.49 crore shares. The IPO suggests a 16% grey market premium.
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NTPC's stock surged 5% to an all-time high after Jefferies reiterated its Buy rating and raised the target price to Rs 485. The brokerage cited NTPC's substantial progress in renewable and thermal power projects.
A total of 26,798 shares changed hands on the counter till 11:42AM (IST)
Meta Platforms launched AI Studio, which lets users design and share personalized AI chatbots. Built on Llama 3.1, this tool allows customized AI characters, assisting Instagram creators with common DM questions. Users can share their AI characters on Meta's platforms. Llama 3.1 competes with paid models from rivals like OpenAI.
