SEBI issued a third advisory warning investors about unauthorized platforms offering virtual trading, paper trading, and fantasy games. It urged investing only through registered intermediaries to avoid financial losses and fraud.
As of 30-Sep-2024, promoters held 43.91 per cent stake in the company, while FIIs held 13.65 per cent and domestic institutional investors had 2.0 per cent.
In the Nifty50 index, 24 stocks were trading in the green, while 26 stocks were in the red.
Boeing machinists in Seattle voted to accept a contract offer, ending their seven-week strike. The deal includes pay raises but not the restoration of a company pension plan. The strike halted production of Boeing's bestselling airliner, and the company's CEO expressed relief at the agreement.
The Nifty Realty index was trading 0.44 per cent at 975.15.
Infrastructure giant Larsen & Toubro is set to acquire a 21% stake in cloud services provider E2E Networks Ltd for Rs 1,407.02 crore. The deal, expected to close by December 31, will bolster L&T's presence in the burgeoning cloud and AI sectors. L&T will become a minority shareholder in E2E Networks without gaining control.
Suzuki Motorcycle India witnessed a 19% surge in total vehicle sales this October, reaching 1,20,055 units compared to the previous year. This achievement was fueled by record-breaking domestic sales, hitting an all-time high of 1,04,940 units, marking a 24% increase. However, exports saw a slight dip of 7%, settling at 15,115 units.
The Central Board of Direct Taxes (CBDT) has introduced monetary limits for waiving or reducing interest on tax payments. This move aims to streamline the process and provide relief to taxpayers facing genuine hardships, while also including safeguards to minimize misuse.
Ola Electric Mobility's shares dipped 4% as an 18.2 crore share lock-in period ended, allowing certain investors to sell their previously restricted shares. This lock-in period, common after IPOs, aims to stabilize stock prices. The company's shares, despite a recent surge, have experienced declines over the past month. An upcoming board meeting will address financial results.
Pharma and healthcare mutual funds have yielded impressive returns in 2024. The sector benefited from resilience amidst corrections in other sectors and steady growth in the domestic market. Experts suggest a cautious approach to investment due to current valuations. A phased allocation strategy of 10-15% is recommended, with potential for increasing allocation over time.
The Nifty Bank index was trading 0.19 per cent at 51118.10.
New York's congressional races are crucial in determining control of the U.S. House. Republicans are defending suburban seats won in 2022 by focusing on crime, while Democrats highlight abortion rights and warn against extremism. Key races include Long Island and the Hudson Valley, where Republicans hope to maintain their gains and potentially unseat Democrats.
Bitcoin has hit a new all-time high, exceeding $68,000, driven by record ETF inflows and growing institutional adoption. The upcoming U.S. election adds another layer of intrigue, with both leading candidates expressing pro-crypto stances. While potential profit-taking and global economic factors pose risks, Bitcoin's future hinges on regulatory clarity and sustained institutional interest.
The Relative Strength Index of the stock stood at 56.43 on Tuesday.
The 30-share BSE Sensex was down 25.6 points at 78756.64
Sagility India raised Rs 945 crore from anchor investors, including prominent mutual funds and institutions, at Rs 30 per share. The company's IPO, entirely an offer-for-sale, opened for public subscription with a price band of Rs 28-30 per share. The IPO aims to raise Rs 2,106.60 crore at the upper end of the price band.
A total of 491,613 shares changed hands on the counter till 10:50AM (IST).
Raymond's shares climbed 4.5% despite a 63% drop in Q2 profit, driven by strong revenue growth in real estate and engineering. Real estate revenue surged 135% and engineering revenue jumped 121%. The company highlighted project execution and strong domestic demand as key growth drivers.
The Nifty Pharma index was trading 0.89 per cent at 22436.25.
North Carolina's 1st Congressional District is a key battleground in the fight for control of the U.S. House. Democrat Don Davis and Republican Laurie Buckhout are locked in a tight race, with both candidates seeking to tie their opponent to unpopular figures within their respective parties.
The NSE Nifty index was trading 15.7 points down at 23979.65
