IT MAJOR
Cargo traffic at 12 major Indian ports rises 6.8 pc to 69.8 MT in Jun
Cargo traffic at major Indian ports increased by 6.8% in June, with Jawaharlal Nehru Port and Cochin Port showing the highest growth. However, Mumbai Port experienced a decline. Overall, ten ports saw positive growth while two witnessed a decrease.
Olivia Dunne to try for Olympics or return to LSU? Louisiana State University gymnast sensation reveals future plans
Olivia Dunne, who is a darling of social media, has talked about participating in Olympics, a possible return to LSU and Team USA.
56-year-old Major General pulls off 25 pull-ups, what's your excuse? Watch viral video
Indian Army Major Pull-up Viral video (Google Trends): The 46-second clip shows Major General Joshi, clad in his uniform, executing the pull-ups in a gym filled with other Army personnel who count down each rep. His fellow soldiers erupt in applause as he completes the set, a testament to his commitment to physical fitness.
"Majority will become minority...": HC raises concerns over religious conversion gatherings
The Allahabad High Court recently expressed serious concerns regarding religious conversion gatherings, highlighting the potential demographic implications if unlawful conversions persist in India.
Religious congregations where conversions take place must be stopped: Allahabad HC
The Allahabad High Court, while rejecting the bail plea of Kailash accused of religious conversion, emphasized that religious congregations leading to conversions should be immediately halted to prevent the country's majority population from becoming a minority. Justice Rohit Rajan Agarwal clarified that 'propagation' does not include converting individuals from their religion. The court noted serious allegations against Kailash for organizing gatherings in Delhi where people, including an informant's brother, were reportedly converted to Christianity. The case involves charges under IPC Section 365 and UP's Anti-Conversion Law, highlighting concerns over unlawful conversions in Uttar Pradesh.
'Extremely dangerous' Hurricane Beryl intensifies in Caribbean, eyeing Jamaica
Hurricane Beryl intensified to a Category 4 storm with winds up to 155 mph, moving across the southeastern Caribbean on Monday. Jamaica is near its path, prompting a hurricane warning. The storm has caused power outages and flooding in several Caribbean islands. Beryl is expected to bring heavy rain to Barbados and the Windward Islands. Climate change is believed to be intensifying such storms, contributing to an unusually active hurricane season. Jamaica and Mexico are preparing for Beryl's impact, with warnings of potential flash flooding and infrastructure damage.
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Major General VT Mathew takes over as General Officer Commanding of Karnataka, Kerala sub area
The General Officer is an alumnus of Sainik School Kazakkotam in Thiruvananathapuram, National Defence Academy in Khadakwasla and Indian Military Academy, Dehradun. He was commissioned into 11 MADRAS Regiment in December 1988. "In his 35 years of meritorious service the General Officer has held various important instructional, staff and UN peace keeping appoints during his service. He has been on UN Mission in Democratic Republic of Congo (MONUC) as Military Observer and was also the Chief Operational Officer, Force HQ UNISFA, Sudan," it stated.
The T20 World Cup was a milestone for cricket's global ambitions
With the decision to increase the size of the tournament to 20 teams and to play part of the group stage in the USA, the International Cricket Council (ICC) saw this World Cup as a vehicle for expansion of the sport's popularity. More teams from emerging cricket nations were given a chance to perform on the global stage and Americans were offered the opportunity to engage with a sport far from their mainstream.
TRADERS’ CORNER: An IT major making a comeback attempt with possible 5 % and new age stock for 6 % upswing
Select stocks are clearly showing that they are making a comeback attempt.
Tata Group retains No 1 position in Brand Finance India Report 2024
Infosys has also exhibited a strong growth with a 9 per cent growth. The report has put its brand value to USD 14.2 billion despite a slowdown in the global IT Services sector. While HDFC Group has jumped to third sport with a valuation of USD 10.4 billion, following its merger with HDFC Ltd.
ZEE MD & CEO Goenka acquires majority stake in Maverick Media in personal capacity
Punit Goenka's investment in Maverick Media aims to revive single-screen cinemas in underserved tier II and tier III cities across India. Goenka emphasised the immense potential of these markets and the importance of reviving this infrastructure to expand the reach of cinema.
Nvidia more valuable than these major global markets
US-based technology giant Nvidia Corporation, currently the second-largest company in terms of global market cap, briefly ranked first on Wednesday, surpassing giants like Microsoft and Apple. Nvidia is now more valuable than some of the largest global markets, according to ET Bureau.
TRADERS’ CORNER: A radiator maker and metal major, both for swing trade of close to 6%
A midcap from different sectors getting for a short term swing trade.
European Central Bank among other major central banks to cut policy rate this year
The U.S. Federal Reserve held the interest rates as it revised its rate cut expectations from three to one for this year in view of higher inflation. However, the U.S. CPI and PPI data released this week are indicating that inflation is easing in the United States. Even though rate cut hopes from the Fed dropped from 4 in the beginning of the year to indications of merely one rate cut, central banks of certain countries did cut rates this year. Here is a few central banks which cut their policy rate this year:
Dutch infrastructure major Ferrovial pruning stake in IRB infrastructure via block deal
Cintra has offered 301 million shares for sale with a floor price between ₹63 and ₹70.16 per share, representing a 10% discount from the lower end compared to Monday's closing price. Jefferies and HSBC are the bankers for the deal.
Wipro share rally over 3% on US contract win
Wipro's shares surged 3.5% on BSE after winning a $500 million deal with a leading US communication service provider.
ITC shareholders approve demerger of ITC Hotels with 99.6% majority
At a meeting held on Thursday, an overwhelming majority of 99.6% of shareholders approved the resolution of demerger of the hotels business of ITC Limited into ITC Hotels Limited.
Major League Cricket selects Remitly as signature partner
Major League Cricket (MLC) has partnered with digital financial services provider Remitly as a Signature Partner for the league's second season. The partnership is a significant milestone as MLC prepares for the tournament's return on July 5 in Morrisville, NC and Grand Prairie, TX. Remitly's digitally native, cross-border payments app will launch exclusive promotions to celebrate MLC fans, including discounts on international money transfers and special offers during the season.
5 past instances when Sensex has seen bigger falls than today's intraday slide
Sensex fell 8.5 per cent or 6,235 points on Tuesday, experiencing its biggest drop since March 2020, when the world was reeling from the impact of Covid-19. Sensex erased all gains it made in the 2024 calendar year and fell below the 70,500 threshold after the polls, indicating that the BJP may not win as many seats as the market expected. ETMarkets highlight the five most recent occurrences where the index's intraday percentage decline approached or fell below this level. (Source: ACE Equity)
15 stock ideas from Motilal Oswal after mega BJP win prediction by exit polls
"Fundamentally, India is witnessing its own mini-Goldilocks moment with excellent macros, solid corporate earnings (Nifty ended FY24 with 25% earnings growth and FY25/26 earnings are likely to post 14-15% CAGR), focus on manufacturing, capex and infrastructure creation, and valuations at 20x one-year forward earnings," Motilal Oswal said.
How results of Lok Sabha polls will impact sensex, Nifty
According to a Bloomberg News survey of market participants, Indian stocks require Prime Minister Narendra Modi's party to secure more than 303 seats in the general election to continue their unprecedented rally. The survey, which included 32 asset managers, strategists, and dealers, suggests that a reduced majority for the ruling BJP could result in a 2% decline in the NSE Nifty 50 Index, along with potential losses in the rupee and sovereign bonds.
India’s equity rally hinges on Modi bettering 303-seat tally
Indian stocks' performance is closely tied to the Bharatiya Janata Party's election success. A Bloomberg News survey suggests that if the party wins over 303 seats, stocks could rally; otherwise, a drop is expected.
Stock Radar: Up nearly 100% in a year! This realty major is giving a Box breakout on weekly charts; time to buy?
Short-term traders can look to buy Oberoi Realty on declines for a target above Rs 1,900 levels in the next 3-4 weeks, suggest experts. The stock has been rangebound since January 2024 but found momentum earlier in May. The stock rose over 20% so far in May which helped the stock to give a breakout from the rangebound action seen from January 2024.
TRADERS’ CORNER: Coal miner set for 6% rise; IT consulting stock to soar 9%
Nifty 50 formed its low point in early minutes before moving up. But it finally ended with a loss.
TRADERS’ CORNER: 8% returns on cards from this energy major and an engineering stock
Nifty slipped into a negative zone and then adopted a strong directional bias to keep trending higher throughout the day. It closed with gain.
Stocks in news: ZEE, Delhivery, Bandhan Bank, JSW Steel, Concord Biotech
ZEE Ltd has reported a net profit of Rs 13.35 crore for the quarter ended March 2024, compared with a loss of Rs 196 crore in the same quarter of last year.
Stocks in news: PFC, Mankind Pharma, Patanjali Foods, Bharti Airtel, Siemens, Cipla
Benchmark equities surged for the third consecutive day on Tuesday. PFC, Mankind Pharma, Patanjali Foods, Bharti Airtel, Siemens, and Cipla are in focus for news developments and quarterly results. RVNL, Dixon, and Titagarh will also announce their fourth quarter results today.
Pharma players get active and show likelihood of 5-7% gains
Nifty opened weak but slowly gathered courage to advance. It closed with a modest gain.
Engineering stock creates momentum for 4% gain; pipe maker aims for 6% fit
Nifty grew stronger in the morning session but soon gave up the bulk of its gains to close with a modest gain.
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