IMMEDIATE ACTION
Ahead of Market: 10 things that will decide D-Street action on Friday
While the Nifty's overall trend appears positive across different time frames, it is currently facing resistance around the 24,400 level, which coincides with a 1.618% Fibonacci Extension. This suggests the possibility of a temporary consolidation or minor dip in the upcoming trading sessions before the index potentially resumes its upward movement.
BJP-led Centre incompetent to conduct NEET, says DMK's Annadurai
Reiterating its opposition to the National Eligibility cum Entrance Test (NEET), the DMK has criticized the BJP-led central government, calling it incompetent in handling the exam's scale. DMK spokesperson Saravanan Annadurai emphasized the party's stance against NEET, citing its adverse impact on social justice and disadvantaged communities. Prime Minister Narendra Modi assured that the government is seriously addressing NEET-related issues. Allegations of paper leaks have led to significant opposition criticism, with Rahul Gandhi labeling NEET as biased towards rich students. The recent NEET UG exam saw an unprecedented number of perfect scores, sparking protests.
GIFT Nifty jumps 90 points; here's the trading setup for today's session
Market anticipates Nifty consolidation post-profit booking. Brent crude, US WTI futures rise on strong fuel demand hopes. Currency markets stable as rupee weakens. FIIs cut net long positions, adding to market uncertainty.
Ahead of Market: 10 things that will decide D-Street action on Wednesday
The Nifty's upward trajectory persists, with any potential dips or consolidation presenting buying opportunities, according to the prevailing bullish pattern.
Comeback Trail: After IT, time for large private banks to make a comeback? 6 top private banks with an upside potential of upto 40%
Today, because one private sector bank and some of the PSU banks are under pressure, the bank nifty is trading in the red. Because the bank in question, Kotak Mahindra bank has come under pressure due to one specific development which tends to be eye-catching, the whole narrative shifts to something which is not related to the core business of banking. If one leaves aside what is happening in the banks today and looks at a slightly broader picture, probably there are underlying indications of something else. A probability of a tactical investment opportunity building in the private sector banks taking place. Look at the leaders from that space, HDFC bank which has been at the forefront of getting all negative news is pretty much close to its earlier highs.
Philippines says June 17 South China Sea incident 'most aggressive' recent Chinese action
The Chinese Coast Guard's actions against Philippine vessels conducting a routine resupply mission to the Second Thomas Shoal in the South China Sea last month were deemed by a senior Philippine navy official as the "most aggressive" in recent history. Rear Admiral Roy Vincent Trinidad, spokesperson for the Philippine navy on South China Sea matters, characterized the maneuvers as deliberate, planned, and escalatory. The incident on June 17 resulted in a Philippine sailor being seriously injured due to what the military described as intentional high-speed ramming by the Chinese Coast Guard.
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Union calls off strike action at Tata Steel UK plant
Tata Steel UK has halted its planned industrial action against a steelworkers' union, Unite, over its Port Talbot plant in Wales. The union had planned to strike from July 8, leading to Tata challenging the balloting process and bringing forward a planned closure of blast furnaces. Tata Steel UK welcomed Unite's decision against a strike and shelved early closure plans. The company will now focus on future investments and aspirations for the business, not renegotiation of the heavy-end closure or enhanced employment support terms.
Ahead of Market: 10 things that will decide D-Street action on Tuesday
Nifty continues its upward trajectory, displaying positive chart patterns with higher tops and bottoms. According to Nagaraj Shetti of HDFC Securities, the market's bullish momentum could propel it towards the 24,400 mark in the near term, with immediate support at 23,980 levels.
Ahead of Market: 10 things that will decide D-Street action on Monday
Having moved up sharply Nifty is currently facing hurdles at the resistance of 24,000-24,100 levels. Any dip from here is likely to be a buying opportunity. Immediate support is at 23,800 levels, said Nagaraj Shetti of HDFC Securities.
'Good FATF rating to help India Inc raise overseas funds without elaborate background checks'
India has been given a good FATF rating, allowing domestic companies to access overseas investments without extensive background checks and enhanced due diligence processes. The Financial Action Task Force (FATF) praised India for its high level of technical compliance and its efforts in anti-money laundering and countering terror financing.
Rise of EVs: The urgency of climate action
Climate change effects are evident globally, urging immediate action to prevent irreversible damage by 2030.
PM Modi acted immediately to safeguard students' interests: Union Minister HD Kumaraswamy on NEET exam row
Union Minister HD Kumaraswamy has directed Prime Minister Narendra Modi to safeguard the interests of students amid alleged irregularities in the NEET examination. He acted immediately after the issue came to his notice and encouraged citizens of nearly 124 countries to practice yoga daily. Congress MP Rahul Gandhi has criticized Modi for being "silent" on the issue, stating that he is more concerned about the election of the Speaker.
India to impound liquor firm Som's distillery over child labour
Police launched an investigation into Som after the National Commission for Protection of Child Rights (NCPCR) last week found 39 boys and 20 girls working at the factory. The agency also released photos of children's hands it said showed burns due to contact with chemicals. "We have sent the police force to ensure there are no issues during the sealing process," Vikas Kumar Shahwal, a senior Madhya Pradesh police official, told Reuters.
Donald Trump challenges Joe Biden to cognitive test but confuses name of doctor who tested him
Donald Trump suggested President Joe Biden take a cognitive test but mistakenly referred to his former physician, Rep. Ronny Jackson, as "Ronny Johnson." Trump, who took the cognitive test in 2018, questioned Biden's mental acuity during a Detroit speech. Critics seized on Trump's gaffe, with Biden's campaign highlighting the error. Trump also misrepresented a video of Biden at the G7 summit, falsely claiming Biden was confused, which Biden's campaign dismissed as misleadingly edited.
Pune Porsche Case: Aunt of accused files plea seeking immediate release of juvenile
The Pune car accident led to the killing of two people after the minor ploughed his swanky luxury car into the two IT professionals, who were travelling on a bike, killing them on the spot on the night of May 19.
FOMC, FII action among 10 factors to dictate D-Street mood this week
The Nifty index closed the week with a 3.6% increase amidst two significant occurrences: the highly anticipated election results and the monetary policy decision by the Reserve Bank of India (RBI). As trading resumes on Monday, a range of significant domestic and international events scheduled throughout the holiday-shortened week are expected to influence market movements.
Artificial sweetners in chewing gum and even toothpaste can give you blood clots, heart attacks or stroke: Study
Artificial sweeteners, particularly xylitol, may pose health risks by affecting platelets and blood clotting, leading to cardiovascular events. Caution is advised, with recommendations for natural sweeteners and occasional use of xylitol products for those at risk.
Be prepared to beat the heat: Health ministry to states
The government urged all states and union territories to promptly implement heat health action plans to safeguard people from intensifying heatwaves. In a meeting chaired by Dr. Atul Goel of the health ministry, directives included assessing healthcare facilities, creating heatstroke rooms, and disseminating heatwave forecasts. Additionally, measures for fire prevention and staff training were emphasized.
New study warns of rising invasive alien species threat, urges immediate action
A recent study published in the journal Nature Ecology and Evolution has highlighted the urgent need to address the growing threat posed by invasive alien species (IAS) to global biodiversity. Led by researchers representing 101 organizations from 47 countries, the study emphasizes the increasing number of IAS introductions worldwide and their negative impacts on ecosystems.
Lok Sabha elections: Nandighosha TV in Odisha airs exit poll results; EC directs immediate action
Exit poll results: ECI instructed the Chief Electoral Officer of Odisha to promptly enforce measures against Nandighosha TV for broadcasting exit poll results in Odisha, in accordance with existing regulations. The ECI had specified the prohibited period from April 19, 2024 (7 am) to June 1, 2024 (6:30 pm) through its order dated March 28, 2024.
FSSAI says no permission given for sale of mother's milk; warns of action against violators
In the advisory issued to food safety commissioners of States and Union Territories (UTs), the watchdog has also advised that all such activities related to the commercialisation of human milk and its products should be immediately stopped.
Delhi children's hospital fire: Saurabh Bharadwaj seeks 'immediate enquiry' into accident which took lives of 7 babies
A fire at a children's hospital in Delhi's Vivek Vihar resulted in the death of seven new born babies. Health Minister Saurabh Bharadwaj has requested a speedy enquiry into the incident and has directed officials to ensure free treatment for rescued children in the best private hospitals under the Farishtey scheme. He has also issued directions for speedy compensation to the families of deceased and injured children and to expedite the arrests of those running the hospital. Legal action is being taken against the hospital owner, Naveen Kichi.
Indian Navy initiates preparatory actions in wake of Cyclone 'Remal'
The Indian Navy has activated its disaster relief protocols in anticipation of Cyclone Remal, expected to hit the coast between West Bengal and Bangladesh. Two ships with relief supplies are ready for deployment, and naval aviation assets are on standby. Specialized diving teams are stationed in Kolkata and Visakhapatnam for rescue operations, along with Flood Relief Teams and medical supplies. The Navy is closely monitoring the situation and stands ready to provide immediate assistance.
Pune Porsche case: Fadnavis defends police action
A 17-and-a-half-year-old boy, son of a prominent city developer, mowed down a couple after his speeding Porsche car rammed into their motorcycle in the Yerwada area of Pune in the early hours of Sunday. The incident sparked outrage criticising the Pune police for handling the incident with ‘kid gloves’ after the Juvenile Justice Board (JJB) granted bail in a record 15 hours and asked the accused to write a "300-word essay" on the topic of road accidents.
Manipur govt initiates legal action against unauthorised renaming of places
Under Secretary Mangoljao Kamei highlights the historical importance of Thangjing (Thang Ching) and its protection under the Manipur Ancient and Historical Monuments and Archaeological Sites and Remains Act, 1976. The Art and Culture Department declares it a protected site.
Pakistan PM Shehbaz approves PKR 23 bn immediate provision for PoJK amid clashes, protests
Prime Minister Sharif convened a special meeting in Islamabad, attended by PoJK PM Chaudhry Anwarul Haq, local ministers, and key political figures. Federal ministers and coalition leaders also participated, conducting a comprehensive assessment of the situation.
Gym trainer mercilessly beats woman in West Bengal's Ranaghat, arrested after video goes viral
A trainer at a gym in Ranaghat, West Bengal, was caught on video assaulting a female member during her workout. The disturbing footage, widely shared on social media, shows the trainer violently attacking the woman with kicks and punches. The Ranaghat District Police swiftly arrested the perpetrator and assured the public of the victim's safety. The incident has sparked outrage and raised concerns about safety in gym settings.
Chirag Paswan writes to Tejashwi Yadav seeking immediate action over abusive language used against his mother
In his letter, Paswan said that the particular action has refreshed the memories of Jungle Raj as during that time it was difficult for mothers and daughters to leave their homes.
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