On the technical charts, the 200-day moving average of the stock stood at Rs 399.78.
The Indian Air Force is urging a significant increase in the production of indigenous Tejas fighter jets to meet its requirement of 42 squadrons. The delivery of GE-F404 engines, crucial for Tejas Mark-1A fighters, is expected to begin in November. HAL needs to ramp up production to meet the IAF's demand for 300 Tejas fighters over the next 15 years.
Brokerages recently began coverage on five stocks, including Bajaj Finserv, KIMS, and Samvardhana Motherson, with varying buy and sell ratings.
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As of 30-Jun-2024, promoters held 62.66 per cent stake in the company, while FIIs held 25.32 per cent and domestic institutional investors had 2.42 per cent.
Sonam Kapoor's father-in-law and Indian tycoon Harish Ahuja has purchased a £21 million home in London's Notting Hill. The property, which spans over 20,000 square feet, will be partially redeveloped for his son Anand Ahuja and daughter-in-law Sonam Kapoor. This deal is among the few high-value transactions in London's luxury real estate market this year.
Asian Paints, ITC, HUL, Divis Labs and Adani Ports SEZ were among the top losers on NSE.
Adani Group stocks fell by up to 2% in early trading on Friday following a new report from Hindenburg Research. The U.S. short-seller alleged that Swiss authorities have frozen over $310 million in funds across multiple Swiss bank accounts as part of an investigation into money laundering and securities forgery linked to the Adani Group.
Boeing's Starliner capsule successfully returned to Earth, landing in New Mexico after a mission filled with technical issues. Despite the smooth landing, thruster malfunctions and helium leaks plagued the mission. NASA decided to bring astronauts back on SpaceX's Crew Dragon instead, extending their stay on the ISS until February 2025.
Geoffrey Dennis, an independent EM commentator, discusses the European Central Bank's recent interest rate cut and its impact on economic growth. Despite sluggish growth in Europe and a slowdown in the US, Dennis does not foresee a recession. The ECB's minor forecast adjustments for 2024 and 2025 reflect cautious optimism.
A recent study from the Netherlands reveals that night owls have a 46% higher risk of developing type 2 diabetes compared to early risers. The research highlights the health risks associated with staying up late and offers tips for night owls to maintain their health, including prioritizing quality sleep, staying hydrated, and managing stress.
Machinists at Boeing have voted to go on strike, rejecting a contract that would have raised pay by 25% over four years. The strike will halt production of key aircraft models, including the 737 Max, and poses a significant challenge for new CEO Kelly Ortberg as the company struggles to recover from past setbacks.
The National Investigation Agency (NIA) conducted raids in Punjab related to a March 2023 incident where pro-Khalistani supporters protested outside the Indian High Commission in Ottawa. The demonstrators raised anti-India slogans, tied Khalistani flags, and hurled grenades. The NIA's investigation named Amarjot Singh and others for unlawful activities.
On September 12, six NSE F&O stocks saw a notable futures open interest surge, increasing total open interest by over 5%.
Lavasa, a hillside resort project near Mumbai, has faced setbacks for nearly 25 years. With only 5,000 residents and $1 billion in liabilities, the project is mired in insolvency. Recent efforts to find a rescuer failed, and creditors must restart their search. Lavasa's future remains uncertain.
A total of 381,635 shares changed hands on the counter till time (IST).
The 30-share BSE Sensex was down 174.28 points at 82788.43
The Manipur government has lifted the temporary ban on broadband internet services in five valley districts, with conditions. Mobile internet data remains suspended due to concerns about disinformation and unrest. The ban was initially imposed following student protests and clashes with security forces, which resulted in injuries to over 80 people.
The US has reiterated its support for India, Japan, and Germany to become permanent members of the UN Security Council. It also proposed two permanent seats for Africa and a non-permanent seat for Small Island Developing States. The US aims to initiate text-based negotiations for these reforms.
A total of 2,690 shares changed hands on the counter till 10:10AM (IST).
The Nifty Auto index was trading 0.02 per cent down at 25774.8.
On September 12, three stocks from the Nifty200 pack came to the bullish scanner of "White Marubozu", according to stockedge.com's technical scan data.
Granules India Ltd., incorporated in the year 1991, is a Mid Cap company (having a market cap of Rs 13341.19 Crore) operating in Pharmaceuticals sector.
The U.S. FDA has authorized the first over-the-counter hearing aid software for Apple AirPods Pro headphones. This new feature, available this fall, will allow users to customize their AirPods Pro 2 into personalized hearing aids, enhancing specific sounds for those with mild-to-moderate hearing impairment.
On the technical charts, the 200-day moving average of the stock stood at Rs 823.22.
