The Relative Strength Index of the stock stood at 36.51 on Tuesday.
On the technical charts, the RSI of the stock stood at 42.89.
The US presidential election will be closely contested in seven swing states. Pennsylvania is a crucial state with the most electoral votes. Nebraska's 2nd Congressional District, with its single electoral vote, could also be decisive. The outcome in these states will determine whether Kamala Harris or Donald Trump wins the presidency.
Life certificate 2024: The Digital Life Certificate scheme for pensioners, referred to as Jeevan Pramaan, has been introduced by the Government of India to address this issue by making the process of acquiring a life certificate fully digital. Below is the procedure for submitting the Jeevan Pramaan Patra and the deadline for pensioners to submit their annual life certificate in 2024.
India's oil prices are expected to remain stable despite global geopolitical tensions due to the country's diverse crude oil suppliers and the global oil supply outpacing demand. Union Minister Hardeep Singh Puri emphasized India's successful energy security strategy under Prime Minister Narendra Modi, highlighting the country's focus on affordability, availability, and sustainability.
A total of 269,072 shares changed hands on the counter till 11:45AM (IST).
India's Supreme Court has declared the Electoral Bond Scheme unconstitutional, citing transparency concerns and potential for corruption. The scheme, introduced in 2017, allowed anonymous donations to political parties, drawing criticism for its lack of transparency and potential for quid pro quo arrangements.
A total of 5,308 shares changed hands on the counter till 11:40AM (IST).
The government issued a notice to Wikipedia on Tuesday, expressing concerns over bias, inaccuracies, and the concentration of editorial control among a small group. It also questioned why Wikipedia shouldn't be treated as a publisher rather than an intermediary. This follows a September Delhi High Court ruling, which criticized Wikipedia's open editing model, citing risks related to defamatory content. Wikipedia has since defended its editing policies, ensuring legal compliance.
The 2024 US election results will unfold across different time zones, with early trends expected throughout the day. Battleground states like Arizona, Georgia, and Pennsylvania are particularly important, but high early and mail-in voting may delay final results.
Mumbai Police investigating the murder of NCP leader Baba Siddiqui have traced the weapons used in the crime to Rajasthan. Five teams have been deployed outside Maharashtra to locate suspects, including alleged mastermind Zeeshan in Haryana. The Crime Branch has recovered five weapons so far and arrested 15 suspects, with 10 in judicial custody.
Five stocks saw fresh long positions on November 5: Jubilant FoodWorks, UBL, NMDC, SAIL, and Jindal Steel. All experienced increases in open interest and stock prices, signaling a bullish trend.
Promoters held 74.65 per cent stake in the company as of 30-Sep-2024, while FII and DII ownership stood at 9.95 per cent and 5.95 per cent, respectively.
Gland Pharma Share Price: Gland Pharma shares rose 12% despite a 15.7% YoY profit decline in Q2. Kotak upgraded the stock to 'Reduce' with a revised target price of Rs 1,625, citing improved core business performance.
SpaceX has asked its Taiwanese suppliers to move production out of Taiwan due to geopolitical risks, leading some companies to relocate parts of their supply chains to countries like Vietnam and Thailand. This move highlights the growing concerns over China's stance on Taiwan and its potential impact on businesses.
In a majority ruling, the Supreme Court decided that the State cannot seize all private resources. The court overturned previous rulings, stating the State can only acquire resources held by the community for public benefit.
Chakri Lokapriya, Managing Partner at RSB LLP, suggests that the current market downturn presents a buying opportunity in sectors like IT and power infrastructure, which are expected to see earnings growth. He advises caution in the auto sector until there are clearer signs of a demand rebound and recommends considering Swiggy's IPO due to its attractive valuation compared to Zomato.
The 30-share BSE Sensex was down 181.72 points at 78600.52
Sagility India's IPO received a 7% subscription on the first day. Retail investors showed the most interest. The IPO aims to raise Rs 2106 crore. The company provides technology solutions to the US healthcare industry. Analysts have mixed opinions on the IPO due to its high valuation and complete offer-for-sale structure.
Indian External Affairs Minister S Jaishankar expressed concerns over recent attacks on Hindu temples in Canada, calling them "deeply concerning." Australian Foreign Minister Penny Wong echoed these sentiments, calling for the safety and respect of all faiths. Both ministers emphasized the importance of peaceful protest while condemning violence and hatred.
The stock traded at a P/E multiple of 25.13, while the price-to-book value ratio stood at 5.58.
In the Nifty 50 index, 24 stocks were trading in the green, while 26 stocks were trading in the red.
Anastasia Oberoi sought a stay on agenda items at the Oberoi companies' AGM, including the retirement and reappointment of directors. She argued that a change in the AGM notices contradicted a previous court order and aimed to remove her from the board.
A total of 19,144 shares changed hands on the counter till 11:16AM (IST)
