A total of 2,747 shares changed hands on the counter till 11:36AM (IST)
New income tax e-filing ITR portal: As per an internal circular by the income tax department, a new ITR e-filing portal IEC 3.0 is going to be launched soon. "Project IEC 3.0 is envisaged to provide not only a continuation of the services rendered by Project IEC 2.0, but also to put in place a significantly improved system to ensure a secure and user-friendly environment."
Economists are adjusting their forecasts as India's inflation surged due to higher food prices, with rates now likely to remain unchanged in December. The RBI's neutral stance and concerns over achieving a 4% target inflation level are influencing the expected timeline for potential rate cuts.
A total of 2,985 shares changed hands on the counter till 11:31AM (IST).
India and New Zealand's first Test in Bengaluru might face interruptions due to expected heavy rains. The Indian team's Tuesday training was already cancelled because of rain. Despite the weather, India aims to maintain its top position in the World Test Championship. Eight more Tests are scheduled for India before the 2024-25 WTC cycle ends.
India's retail inflation surged in September, leading economists to anticipate a delay in rate cuts until the first half of 2025. The Reserve Bank of India maintained rates at 6.5% but changed its stance to neutral. Rising food prices and growth concerns influence inflation predictions and potential delays in rate reduction.
Tata Group plans to create 5 lakh manufacturing jobs in the next five years. These jobs will span sectors like semiconductors, electric vehicles, battery, and related industries. Tata Sons Chairman N Chandrasekaran announced this at a symposium. He emphasized the need for manufacturing jobs to achieve India's goal of becoming a developed nation.
The stock quoted a 52-week high price of Rs 706.85 and a 52-week low of Rs 404.0.
The 30-share BSE Sensex was down 189.32 points at 81783.73
Amnish Aggarwal analyzes market trends, noting leadership shifts among sectors and stocks. He highlights near-term pressures on banks such as HDFC and the positive outlook for Federal Bank. Performance in IT, retail, and auto sectors is also discussed, along with Adani Group's strategic financial moves. The future outlook remains cautious but optimistic.
UGC NET Result: NTA will soon announce the UGC NET 2024 results for the June session. The results will be available on ugcnet.nta.ac.in. Relevant for candidates aiming for JRF, assistant professor positions, or PhD admissions. Percentile scores calculated via a specific formula. Reservation policies apply for various categories.
A total of 2,920 shares changed hands on the counter till 11:20AM (IST).
Premier Poly, MITCON Const & Engg.(PP), Nupur Recyclers, Nalwa Sons Invst and Chemfab Alkalis, hit their fresh 52-week highs at 11:19AM.
Unified Pension Scheme: The government has yet to bring the notification regarding the Unified Pension Scheme or UPS. It may seem like switching to UPS from NPS is a lucrative option. However, there are 5 questions a central government employee must ask themselves before making a final decision.
Almost a third of National Company Law Tribunal (NCLT) posts are vacant, leading to delayed insolvency resolutions. Only 13 of 30 courts run full-day. Some courts only operate twice or thrice a week for half days. The average resolution time has increased, impacting banks and companies. Appointment delays aggravate the issue.
In the Nifty pack, 14 stocks were trading in the green, while 35 stocks were trading in the red.
India has expelled six Canadian diplomats and is calling for an investigation into Canada’s interference in its internal affairs. This comes amidst allegations that Canada supported Khalistani elements. The diplomatic tensions have significantly worsened the bilateral relations. India expressed concerns over the safety of its diplomats in Canada and criticized the evidence provided by the Canadian government.
Sunteck Realty's shares rose nearly 9% to ₹602.30 on Tuesday after reporting Q2 FY25 pre-sales of ₹520 crore, a 33% YoY increase. Collections surged 25% YoY to ₹270 crore. Since the pandemic, the company has launched seven projects totaling about 26.5 million square feet using an asset-light model.
A total of 1,192 shares changed hands on the counter till 11:11AM (IST).
More than 95% of the infrastructure and security upgrades in West Bengal government hospitals have been completed. This includes installing 7,051 CCTV cameras and setting up new duty rooms and washrooms. RG Kar Medical College is still working on their upgrades. The state is committed to meeting a Supreme Court directive by October 15.
The NSE Nifty index was trading 56.41 points down at 25071.55
Hyundai India's Rs 27,870 crore IPO opened for subscription, receiving 8% bids initially, led by retail investors. It is an offer for sale by the parent company Hyundai Motor Global. Analysts advise long-term investment due to strong brand presence and steady growth prospects in the Indian market.
India-Canada relations hit a new low as India withdraws its high commissioner, citing distrust in Justin Trudeau. Tensions stem from Trudeau's allegations linking India to the 2022 murder of Sikh extremist Hardeep Singh Nijjar, a claim dismissed by New Delhi as absurd and fabricated.
The stock quoted a 52-week high price of Rs 340.35 and a 52-week low of Rs 127.0.
The 30-share BSE Sensex was down 144.51 points at 81828.54
