State Bank of India, incorporated in the year 1955, is a banking company (having a market cap of Rs 756673.27 Crore).
Neuralink device has allowed the first patient to play video games, browse the internet, post on social media and move a cursor on his laptop. The first patient, Noland Arbaugh, was also interviewed on the podcast, along with three Neuralink executives, who gave details about how the implant and the robot-led surgery work. Elon Musk did not disclose when Neuralink performed the second patient's surgery.
On Monday, the Indian rupee reached a record low of 83.78 against the U.S. dollar, down from 83.75 the previous day. This decline followed poor U.S. job data, sparking fears of foreign funds exiting India and other emerging markets. The Reserve Bank of India may permit further depreciation to 83.90, as per a public sector bank trader.
Our view remains bullish on gold. In the $2,480–$2,500 zone, Comex gold faces immediate resistance. If the price crosses this level, it will move into uncharted territory. For silver, we believe the price is likely to consolidate in a broader range of $27 to $32 with a moderate positive bias.
we have collated a list of three stocks that witnessed a 5-year swing high at the close on August 2, suggesting bullishness in counters, according to stockedge.com's technical scan data.
CrowdStrike reiterated its apology to the airline operator, but said in a letter from an external lawyer that it is "highly disappointed by Delta's suggestion that CrowdStrike acted inappropriately and strongly rejects any allegation that it was grossly negligent or committed misconduct." Delta canceled more than 6,000 flights over a six-day period, impacting more than 500,000 passengers.
During the June quarter, retail investors increased their holdings in PSU stocks while mutual funds and FIIs reduced theirs. Stocks like Bharat Electronics Ltd, HAL, and RITES saw higher retail ownership. Analysts noted potential overvaluation in some sectors but highlighted the overall reasonable valuation of PSUs, driven by strong earnings growth and government reforms.
For Nifty 50, watch key support at 24,600 and 24,350 with resistance around 25,100-25,250. For Bank Nifty, important support levels are 51,000 and 50,500, while resistance is around 51,800 and 52,200. These levels are crucial for determining potential market direction.
Momentum spreading to more sectors and large players.
The United Nations' human rights chief, Volker Turk, has urged the government to end the "shocking violence" in Bangladesh, where protesters demanding the resignation of Prime Minister Sheikh Hasina clashed with government supporters. Turk called for the government to cease targeting peaceful protesters, release those arbitrarily detained, restore full Internet access, and create conditions for meaningful dialogue.
At least 11 firms, including Indus Towers Ltd., have or are set to approve share buybacks shortly after the new regime was proposed in the budget on July 23. This is a jump from the average of about four transactions per month in 2023, data from primeinfobase.com show.
Police across the UK have arrested at least 100 individuals amid ongoing violent clashes involving far-right anti-immigration groups over the weekend. The unrest saw scenes of bricks hurled, fireworks thrown, windows of a hotel housing asylum seekers smashed, shops attacked, and set on fire, as well as various scuffles between mobs and the police.
Chennai's recent weather, marked by cloudy skies and rain, sparked interest on social media. India Meteorological Department predicted light to moderate rain and thunderstorms in Tamil Nadu, Puducherry, and Karaikal, expecting heavy rainfall in certain districts. Chennai's 48-hour forecast indicated partly cloudy skies with scattered rain and thunderstorms, keeping residents alert.
The Topix and Nikkei 225 Stock Average fell about 5%, with the former set for a three-day decline that would be the worst since the 2011 Fukushima nuclear meltdown and put them near bear markets. A circuit breaker halted trading of Topix futures for about 10 minutes.
The Korea Exchange activated sidecar trading curbs on the KOSPI market, halting program trading for five minutes on Monday, as the benchmark KOSPI fell 5% by 11:11 a.m. local time, following a 3.7% drop on Friday, marking its worst session since March 2020.
Saudi Arabia raised the price of its flagship Arab light crude to Asia for the first time in three months, raising it by 20 cents to $2 a barrel above the Oman/Dubai average. The price was a two-month high, but less than the market had expected. The producer also raised prices for other light grades sold to Asia but kept Arab Medium and Arab Heavy crude prices unchanged.
