A total of 4,553 shares changed hands on the counter till time (IST).
India's gold demand fell 5% in Q2 2024 but is set to improve in H2 2024 due to a price correction following a significant import tax cut. Lower prices and good monsoon rains are expected to boost demand, especially in rural areas. The Reserve Bank of India increased its gold purchases.
Bajaj Finserv Mutual Fund launched its Large Cap Fund, focusing on a concentrated strategy with select 25-30 stocks to offer better risk-adjusted returns over the long term. The NFO, open until August 12, will be benchmarked against the Nifty 100 TRI and managed by Nimesh Chandan, Sorbh Gupta, and Siddharth Chaudhary.
Ola Electric Mobility launched India's first EV company IPO, targeting USD 734 million. The SoftBank-backed firm highlighted its vertically integrated manufacturing and core R&D strategy. CEO Bhavish Aggarwal noted the industry's shift toward EVs. IPO funds will reduce debt and support manufacturing and R&D expansion, including new electric motorcycles set for FY 2025-26 delivery.
Sudha Murty tips on marriage: 3 tips from Sudha Murty on marriage
One 97 Communications, the company behind Paytm, launched a card soundbox that serves as a card payment machine and audible receipt announcer. This innovation allows small businesses to accept secure payments through NFC cards and UPI. The device offers an affordable and convenient solution for merchants to handle various payment methods using one system.
Kerala's Wayanad and neighboring districts have been hit by heavy to extremely heavy rain, with an official death toll of 36, including children and women, as of Tuesday. The state government has deployed multiple NDRF teams, helicopters, and rescue units to Mundakkai, which has been completely cut off due to a devastating landslide in Wayanad district.
The Supreme Court dismissed a petition for 100% verification of EVM votes with VVPAT slips, stating no review of its April 26 judgement is warranted. The petition argued for error correction and greater vote verification, but the court found no grounds for review.
A long buildup, signaling a bullish trend, happens with rising open interest, volumes, and stock prices. On Tuesday, five stocks saw new long positions.
The NSE Nifty index was trading 96.61 points up at 24932.7
Congress leaders including Rahul Gandhi, Mallikarjun Kharge, and Priyanka Gandhi Vadra expressed deep sorrow over the tragic landslides in Kerala's Wayanad, which claimed 23 lives so far. Urging UDF workers to assist, they called for swift relief and rescue operations. Kharge emphasizes coordinated efforts with government agencies while Gandhi promised support and coordination with Union Ministers.
The Supreme Court declared that state bar councils cannot exceed enrolment fees of Rs 650 for general and Rs 125 for SC-ST categories. This decision highlighted that only Parliament can change these fees under the Advocates Act, addressing concerns about prohibitively high charges that hinder aspiring lawyers.
The Delhi High Court has agreed to hear on Wednesday a plea seeking to constitute a high-level committee to probe the incident in which three civil service aspirants drowned at the basement of a coaching centre in Old Rajinder Nagar here. The plea was mentioned for urgent hearing on Tuesday before a bench of Acting Chief Justice Manmohan and Justice Tushar Rao Gedela which said the matter be listed on Wednesday if the petition is in order by afternoon.
A total of 131,441 shares changed hands on the counter till 11:21AM (IST)
Asahi Songwon, Ritco Logistics, Jindal Photo, Lakshmi Finance and TPL Plastech, hit their fresh 52-week highs at 11:20AM.
Latest income tax slabs for FY 2024-25: Here are the latest inc0me tax slabs that will effective for current financial year after Budget 2024. The Budget, this time is presented in the month of July instead of February usually is due to Lok Sabha Elections 2024 held in the month of April, May and June.
The Reserve Bank of India (RBI) plans to release a five-episode web series to commemorate its 90-year history. Each episode will be 25-30 minutes long and available on national television and OTT platforms. The series will cover RBI’s notable events, enhance transparency, and simplify financial concepts. A tender has been issued for production and distribution proposals from experienced Indian entities.
On the technical charts, the RSI of the stock stood at 71.1.
On Tuesday, the Supreme Court granted medical bail to former Maharashtra minister Nawab Malik in a money laundering case due to his health issues. The bail, valid until the Bombay High Court decides on his regular bail plea, was not opposed by the Additional Solicitor General.
The Nifty Bank index was trading 0.52 per cent up at 51674.15.
Adani Enterprises had decided not to proceed with a debut retail bond offering of up to 10 billion rupees last year after U.S.-based short-seller Hindenburg Research accused the group of improper use of offshore tax havens and stock manipulation. Adani Group denied Hindenburg's allegations, but shares of its group companies lost more than $100 billion in value before recovering in late 2023.
Landslides in Kerala's Wayanad district have left over 20 people dead, with many trapped under destroyed houses and debris. Television channels aired phone conversations of people pleading for help as they were trapped in their houses or had no way to travel due to washed bridges and flooded roads. A woman from Chooralmala town was heard crying, begging for help as she lost her house.
On July 29, five Nifty500 stocks closed more than 1.5% below their VWAP, with this decline indicating a potential bearish trend, according to StockEdge.com's technical scan data.
Budget 2024: Crypto future and options investors are happy because the budget did not impose any TDS, STT and neither section 115BBH (30% tax) provisions on it. While at the same time Budget 2024 increased STT on stock market future and options (F&O). Many now believe crypto F&O transactions are now more attractive than stock and index F&O.
