India and Russia maintain effective and trust-based relations, highlighted by regular contact between their leaders. Russian Security Council Secretary Sergey Shoigu emphasized the importance of this partnership during a meeting with Indian counterpart Ajit Doval in St. Petersburg. The meeting reviewed bilateral cooperation and discussed mutual interests. Shoigu appreciated that Prime Minister Narendra Modi chose Russia for his first foreign visit in his third term, reflecting strong ties between the nations.
The fund house mentioned that this facility shall be available for existing and new investors of LIC Mutual Fund wherein the investors can invest in LIC MF Overnight Fund during the NFO period of a newly launched scheme and schedule a switch out of such invested units of the source scheme to the newly launched scheme on the last date of the NFO period.
Emerging markets including India can capitalize on softening price growth, Das said, as their currencies recover against the US dollar amid the impending monetary easing by the Federal Reserve.
Arvind Kejriwal Bail Conditions: The Supreme Court has granted bail to Delhi Chief Minister Arvind Kejriwal in the CBI case concerning the alleged excise policy scam. Kejriwal, who was arrested in June, must adhere to several conditions while on bail, including not commenting on the case publicly and attending all trial court hearings unless exempted.
With two Assam Rifles units being replaced by the other central security forces, BJP Mla Rajkumar Imo Singh said that central government has initiated this as per the wishes and desire of the people of Manipur
In Friday's trading session, five stocks saw fresh short positions being built.
The stock traded at a P/E multiple of 90.07, while the price-to-book value ratio stood at 12.75.
The NSE Nifty index was trading 24.06 points down at 25364.85
The widespread weakness would be a signal of how little traction the $17 trillion economy has generated in recovering from its worst stretch in five quarters.
The Nifty Realty index was trading 1.34 per cent up at 1049.6.
A long buildup indicates a bullish trend with rising open interest and volumes. On Friday, five stocks saw new long positions.
Campus Share Price: Campus Activewear shares surged by 24% over the past five trading sessions to hit an all-time high on BSE despite a decline in Q1 FY25 financials. Brokerage firms remain optimistic with buy ratings and target prices set at Rs 305 and Rs 335.
Arvind Kejriwal Gets Bail: The Supreme Court has granted bail to Delhi Chief Minister Arvind Kejriwal in the alleged excise policy scam. The decision follows Kejriwal's plea challenging his arrest by the CBI. The case involves accusations of irregularities in the Delhi excise policy, which was scrapped in 2022 amid corruption allegations.
A total of 4,412 shares changed hands on the counter till time (IST).
Nazara Technologies has acquired a 47.7% stake in Moonshine Technology, the parent company of PokerBaazi, for Rs 832 crores. Nazara will also inject Rs 150 crore into Moonshine. This move aims to strengthen Nazara's position in India's gaming market. PokerBaazi is a leading online poker platform with around 340,000 monthly active users.
Zomato Share Price: Zomato shares have surged by 126% this year, driven by strong growth in food delivery and quick commerce. Analysts remain optimistic about the company's future, citing improved margins and strategic acquisitions. Major brokerage firms like UBS, Jefferies, and JP Morgan have given positive ratings, further boosting investor confidence.
Onam holiday 2024:In Kerala, people predominantly observe Onam, an annual festival that celebrates the harvest and culture. This event holds great importance for Keralites as it is the official festival of the state, featuring a wide array of cultural activities. The Panchangam determines the date of Onam and aligns with the 22nd nakshatra Thiruvonam in the month of Chingam in the Malayalam calendar.
As of 30-Jun-2024, promoters held 62.93 per cent stake in the company, while FIIs held 11.91 per cent and domestic institutional investors had 3.49 per cent.
Kalyan Jewellers Share Price: Other jewellery stocks like Senco Gold and Goldiam International also hit their fresh 52 week highs of Rs 1,292.45 and Rs 374, respectively. The stocks were up by 4% and 6% in the same order.
The Nifty IT index was trading 0.32 per cent up at 43290.8.
Vision Infra Share Price: Vision Infra Equipment's shares debuted on the NSE SME platform with a 25.8% premium, listing at Rs 205 against an issue price of Rs 163. The IPO was subscribed 68 times, driven by non-institutional investors. Funds will be used for capital expenditure, working capital, and corporate purposes. The company offers equipment solutions in various sectors.
The stock traded at a P/E multiple of 8.04, while the price-to-book value ratio stood at 1.26.
The Indian rupee rose by 0.05% to 83.9250 on Friday, supported by hopes of a significant rate cut by the Federal Reserve next week. This development also boosted most Asian currencies and dollar-rupee forward premiums. Traders expect the rupee to remain rangebound due to continued demand for dollars from importers.
The Nifty Pharma index was trading 0.06 per cent up at 23443.9.
