The Oropouche virus, also known as "sloth fever," is spreading in South America and the Caribbean. Transmitted by midges and mosquitoes, it causes symptoms similar to dengue and Zika, with no vaccine or specific treatment available.
The stock quoted a 52-week high price of Rs 506.85 and a 52-week low of Rs 207.85.
West Bengal Chief Minister Mamata Banerjee expressed grief over the murder of a trainee doctor at RG Kar Medical College. She dedicated Trinamool Chhatra Parishad's foundation day to the victim, urging students to contribute to social betterment. Meanwhile, BJP's protest against a police crackdown led to clashes in Howrah.
Santosh Rao of Manhattan Venture Partners discusses the demand for skilled and unskilled workers in the US and Canada. He highlights the strain on local infrastructure and educational systems due to immigration. Rao emphasizes the need for balanced immigration policies amidst economic challenges and an undercurrent of xenophobia in some Western countries.
A total of 127,381 shares changed hands on the counter till 10:30AM (IST)
Shares of central PSU NBCC climbed 8% to Rs 192.40 on BSE following the company's announcement to consider issuing bonus shares. The meeting is scheduled for August 31, 2024. NBCC, previously distributing bonus shares in February 2017, often rewards its shareholders with dividend payouts.
Lucknow Super Giants are appointing Zaheer Khan as their mentor before the IPL mega auction. The former India pacer returns to the IPL after two years, following his tenure with Mumbai Indians. The formal announcement will be made at the RPSG Group Headquarters in Lucknow.
The annual general meeting of Reliance Industries Ltd (RIL) is set for August 29. While RIL shares have slightly underperformed benchmarks since the last meeting, they have still delivered solid returns. Investors are keenly anticipating updates on the listing of retail and digital businesses, potential stake sales, and progress in the new energy sector.
The launch of 'Polaris Dawn' mission initially scheduled to launch from NASA's Kennedy Space Centre on Tuesday was delayed for August 28 due to a helium leak. The mission is now delayed again due to predictions of bad weather off the coast of Florida where the crew capsule will splash down in the ocean at the end of the flight, the company said in a post on X.
A total of 193,162 shares changed hands on the counter till 10:25AM (IST)
The Nifty Auto index was trading 0.03 per cent down at 25904.45.
India saw a 19.3 per cent drop in particulate pollution in 2022, second only to Bangladesh. This added 51 days to citizens' life expectancy. The significant decline was due to favourable weather and fewer thermal inversions. The report indicates India's life expectancy could improve with continued efforts to reduce pollution.
LTIMindtree shares rose 3.6% to Rs 5,950 after Kotak Institutional Equities upgraded the stock and raised its target price to Rs 6,200, citing recovery prospects and strong growth. The company also received a stay order on a Rs 378 crore GST notice.
Former Union Minister Rajeev Chandrasekhar commented on the Hema Committee report exposing power misuse in Kerala's movie industry, with some AMMA members exploiting women. He urged swift, fair investigations and criticized AMMA for failing to ensure safety. More complaints arose, leading to resignations of key AMMA figures and the formation of a Special Investigation Team.
A total of 8,249 shares changed hands on the counter till 10:20AM (IST).
Paralympics 2024 Live Telecast: Following a lackluster Olympic campaign where India won six medals with no golds, hopes revive with the Paris Paralympics 2024 kicking off. Featuring 84 athletes across 12 sports, India aims to surpass its record-breaking 19-medal haul from Tokyo 2020. Highlights include para athletics, badminton, and shooting, plus debuts in cycling, judo, and rowing.
The Nifty Pharma index was trading 0.15 per cent up at 22763.45.
I think Jubilant Foodworks delivered a relatively better set of numbers and the growth outlook is better, while this entire space is not so easy and we have not really seen any major numbers or data points suggest that the demand is coming back. I think Jubilant Foodworks is something that we like given the better set of numbers.
The Relative Strength Index of the stock stood at 57.15 on Wednesday.
The NSE Nifty index was trading 15.75 points down at 25002.0
The rupee has depreciated by 2 paise to 83.95 against the US dollar, influenced by a muted trend in domestic equities. Forex experts note that the rupee's downside appears capped, possibly due to Reserve Bank of India's intervention. The dollar index and Brent crude prices saw minor gains, while domestic equity markets experienced slight declines.
SBI Chairman Dinesh Kumar Khara retires, leaving behind a goal of Rs 1 trillion annual profit for his successor. During his tenure, SBI's profit rose significantly, deposits grew, and non-performing assets decreased. Khara, who took over during the Covid crisis, leaves a legacy of remarkable financial growth and stock performance.
On the technical charts, the 200-day moving average of the stock stood at Rs 1186.56.
The 30-share BSE Sensex was down 30.77 points at 81680.99
