Shares of Senco Gold surged 6.4% to Rs 1,494.55 after the company announced a Rs 500 crore qualified institutional placement (QIP) and a 1:2 stock split. This means shareholders will receive 2 shares with a face value of Rs 5 for every 1 share of Rs 10. The announcement was made after market hours.
Several multibagger stocks that saw great returns in FY24 have dropped over 25% in the first half of FY25. Indian equities face challenges from geopolitical uncertainties and rising oil prices. Analysts suggest a cautious approach, focusing on quality stocks that can endure macroeconomic pressures. The market outlook remains mixed.
Gold and silver December futures traded lower amid high price volatility due to Middle East tensions and dollar index strength. Last week, gold gained by Rs 300 per 10 gram, while silver rose by Rs 2,360 per kg. Manoj Kumar Jain of Prithvifinmart suggests buying on dips.
Key commodities like sugar, vegetable oils, and grains faced supply shortages, with the FAO lowering its global grain stockpile forecast, prolonging elevated consumer costs.
On October 4, the closing prices of five stocks from Nifty500 dropped by more than 1.5% relative to the VWAP, and a shift below the VWAP suggests a potential bearish trend.
Maldivian President Mohamed Muizzu arrived in India for a four-day state visit to mend ties amid an economic crisis. He will hold talks with Prime Minister Narendra Modi, focusing on bilateral and regional issues. Infrastructure agreements and economic discussions will feature prominently.
Bank of Maharashtra shares are expected to attract attention on Monday after the Life Insurance Corporation of India (LIC) increased its stake in the bank from 4.05% to 7.10%. LIC announced this increase in its shareholding following a Qualified Institutional Placement (QIP).
Sensex and Nifty opened higher, rebounding after losses, supported by strong US jobs data easing recession fears.
Janice Combs, mother of rapper and music mogul Sean ‘Diddy’ Combs, has spoken out in defense of her son, who is facing multiple allegations of sexual assault, racketeering, and sex trafficking. While she acknowledges that her son has made mistakes in his past, she criticizes the accusations as being financially motivated. Her statement comes amidst ongoing federal investigations and lawsuits involving former associates and ex-girlfriends, including Cassie Ventura. The case has gained widespread attention... Читать дальше...
As of October 04, there was a notable surge in futures open interest for four stocks in the NSE F&O pack, contributing to a total increase in open interest of over 7% as compared to the previous trade.
Citi maintained a neutral call on Titan citing studded mix concerns, Macquarie an outperform due to strong jewellery sales. Jefferies has a buy on Bandhan Bank despite QoQ collection dip, while Morgan Stanley remains underweight on RBL Bank amid moderate loan growth.
Navratri 2024 Colors: The practice of wearing different colours during Navratri is a form of devotion and reverence to the nine forms of Goddess Durga. Each colour represents the specific qualities of the goddess worshipped on that day and helps devotees align with her energy. Wearing the designated colour is believed to enhance the worshipper’s connection with the goddess and attract her blessings for health, prosperity, and peace.
Godrej Properties shares are expected to gain attention on Monday after the company reported robust Q2 FY25 bookings worth Rs 5,200 crore, driven by the sale of 5.1 million square feet of residential properties. New project launches in the NCR and the Mumbai Metropolitan Region fueled the demand.
In his first official state visit to India, Maldives President Mohamed Muizzu reaffirmed the island nation's commitment to India’s security, emphasizing that the Maldives would never undermine its long-standing relationship with New Delhi. Amid concerns over Maldives’ growing ties with China, Muizzu assured that these developments would not jeopardize India's strategic interests. He also highlighted the importance of defence cooperation and the critical role India continues to play in Maldives' development. Читать дальше...
Modi marks 23 years in public office today, a journey shaped by reforms, initiatives, and a Viksit Bharat vision for reshaping India's future. From his early days as a three-term Chief Minister of Gujarat to becoming a two-term Prime Minister (now in his third term), Modi has spearheaded transformative changes in key areas like economic reform, sanitation, infrastructure, and environmental conservation. As we look back, here are some of the most notable and appreciated moments from Modi’s journey in office.
The Reserve Bank of India (RBI) begins its three-day monetary policy meeting amid global economic uncertainties. Analysts believe the repo rate will remain unchanged for a 10th consecutive time at 6.50% as the central bank balances inflation control with economic growth.
The Indian market is expected to rise on Monday, supported by positive global cues. On October 4, the Indian equity markets ended their fifth straight session in the red, with the Nifty closing at approximately 25,000, down 235.50 points (0.93%).
Junior doctors in Kolkata have started an indefinite hunger strike over the RG Kar rape and murder case, demanding justice and reforms in medical college committees. They accuse state authorities of obstructing their protest and are calling for increased police protection and the removal of the health secretary.
Over the past year, Israel has conducted extensive military operations in response to Hamas-led attacks, destroying thousands of targets and rocket launcher sites in Gaza. The conflict has resulted in significant casualties, including the deaths of 726 Israeli soldiers and nearly 42,000 Palestinians. Additionally, thousands of rockets have been fired into Israel from Gaza, Lebanon, Syria, Yemen, and Iran.
Vodafone Idea shares fell following the DoT issuing a notice to the company for failing to submit bank guarantees covering past spectrum auction dues. The situation arises as the DoT is currently in discussions with the finance ministry about potentially waiving the bank guarantee requirement. However, no final decision has been made yet.
HVAX Technologies will debut on the NSE SME platform, with shares trading at a Rs 5 grey market premium, suggesting a 5% gain on the listing price. The company, specializing in turnkey cleanroom projects, reported Rs 106 crore in revenues and Rs 9.39 crore in net profit for the fiscal year ending March 2024.
Saj Hotels shares will debut on the NSE SME platform on Monday. The company will use the proceeds for property expansion, working capital, and corporate purposes. Saj Hotels, engaged in hospitality, offers diverse accommodation and event services. The company reported revenues of Rs 14.25 crore and a net profit of Rs 3.45 crore for the year ended March 2024.
Kalyan Jewellers reported a 37% YoY increase in consolidated revenue for Q2 FY2025, driven by a 39% revenue growth in India and 24% in the Middle East. The company opened 26 new showrooms, bringing the total to 303, and saw 30% growth in its digital platform, Candere.
