TECH UPDATE
Sensex rises! But these stocks fell 5% or more in Tuesday's session
In the Nifty pack, 29 stocks closed in the green, while 20 stocks ended in the red.
Stock market update: Stocks that hit 52-week lows on NSE in today's trade
Shriram Finance, Dr. Reddys, Kotak Bank, UltraTech Cem. and NTPC were among the top losers on NSE in today's trade.
Stock market update: Stocks that hit 52-week highs on NSE in today's trade
Keynote Financial, Umang Dairies, Mukka Proteins, Chennai Petro and Insecticide Ind, hit their fresh 52-week highs during the day.
British regulators look into Big Tech and digital wallets
The Financial Conduct Authority and Payments Systems Regulator is seeking views on the benefits and risks, and will assess the impact digital wallets, such as Apple Pay, Google Pay and PayPal, have on competition and choice of payment options at checkout, among other things.
Stock market update: Stocks that hit 52-week highs on NSE
Umang Dairies, Keynote Financial, Sportking India, Mukka Proteins and Chennai Petro, hit their fresh 52-week highs at 11:20AM.
Jio Financial Services Q1 Results: Net profit falls 6% YoY to Rs 313 crore
Interest income fell 20% to Rs 162 crore in June 2024 from Rs 202 crore a year ago while expenses increased to Rs 79 crore from Rs 54 crore a year ago, mainly as staff expenses increased more than three time to Rs 39 crore in June 2024.
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BofA Securities buys 6.37 lakh shares of smallcap multibagger Kellton Tech Solutions worth Rs 11 crore
This stock has skyrocketed 119% in the past year, leaving the Nifty's 25% gain in the dust. Year-to-date, it's up an impressive 81%, dwarfing the Nifty's 13% return.
Share market update: Most active stocks of the day in terms of total traded value
The NSE Nifty index was trading 87.8 points up at 24589.95
HCL Tech shares surge 4% on Q1 profit beat. Time to hold or buy?
HCL Technologies reports a 20% YoY growth in net profit, reaching Rs 4,257 crore for the quarter ended June 2024. Brokerages maintain positive views on the stock with target prices ranging from Rs 1,720 to Rs 1,850.
HCL Tech Q1 Results: Cons PAT jumps 20% YoY to Rs 4,257 crore, beats estimates
HCL Tech Q1 Results: Profit rose 7% from the previous quarter, while revenue dipped 1.5%. Constant currency revenue increased 6% year-on-year but fell 1.6% quarter-on-quarter. EBIT increased 7% year-on-year to Rs 4,795 crore but decreased 4% quarter-on-quarter.
Samsung Galaxy Unpacked 2024: Check where and when to watch Galaxy Z Fold 6 and Z Flip 6 launch
Samsung's upcoming Galaxy Unpacked event, scheduled for Wednesday, in Paris, promises to unveil a range of new devices and innovations. Anticipated highlights include new foldable phones like the Galaxy Z Fold 6 and Z Flip 6, advancements in Galaxy AI, the debut of the Galaxy Ring health wearable, and updates to Samsung's smartwatch and earbud offerings.
Top startup and tech stories this week
Welcome to a brand new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories that we covered this week. Here’s a recap if you missed them.
Share market update: Most active stocks of the day in terms of total traded value
The NSE Nifty index was trading 98.3 points up at 23967.1
CarTrade Tech block deal: Royal Bank of Scotland buys shares worth Rs 41 crore in this smallcap counter
A news report indicates that block deals involving 71 lakh shares, or 15.1% of the equity, were executed for the company. CMDB II, a private equity fund managed by JP Morgan Investment Management, was among the sellers, offloading 3,60,411 shares at Rs 830.27 each, totaling Rs 30 crore in the transaction.
Adani Ports to enter Sensex on Monday, Wipro to exit as part of semi-annual rejig
Adani Ports’ Sensex inclusion will trigger passive inflows of $259 million and 14.9 million shares are expected to be added, according to Nuvama’s estimates. Wipro’s exclusion could see outflows of $170 million.
Tata Steel, Cipla among 5 Nifty50 stocks that hit fresh 52-week highs on Thursday
Indian shares across the board hit all-time highs on Thursday, tracking a global rally after softer-than-expected US inflation data boosted expectations that the Federal Reserve would lower interest rates sooner rather than later. Meanwhile, in Thursday's trading session, five stocks from the Nifty50 index hit new 52-week highs. Here's the list:
WWDC 2024: From new iOS 18 customisations to ChatGPT integration, here's what Apple has announced
At the 2024 Worldwide Developers Conference (WWDC), Apple introduced significant updates across its software lineup, emphasizing new AI capabilities. The highlight was "Apple Intelligence," a suite of AI-driven features enhancing Siri and integrating more deeply into iOS 18, iPadOS 18, macOS Sequoia, watchOS 11, and visionOS 2.0. These updates include advanced customization options, enhanced app functionalities, and improved user experiences across all Apple devices.
Apple WWDC 2024 AI live stream: Where and how to watch the event online?
Apple's WWDC 2024, starting tonight, will focus on software updates rather than new hardware. Key announcements include iOS 18 with AI features like Smart Recap and improved Siri, watchOS 11 with advanced health features, macOS 15 with AI-driven enhancements, and visionOS 2.0 for AR capabilities. The event will also introduce Apple Intelligence, a new AI system, and updates to apps like Settings, Control Centre, Messages, Photos, and Mail.
Apple WWDC 2024: From AI-based Siri upgrades to custom emoji options; what to expect from iOS 18 ?
At the Apple Worldwide Developers Conference (WWDC) 2024, AI is set to take center stage. Apple plans to integrate generative AI across its operating systems, enhancing features in iOS, macOS, and more. Siri will see significant updates, becoming more conversational and capable of controlling app functions. New AI-driven features, such as voice memo transcriptions, automated message replies, and advanced photo editing, will be introduced.
Ixigo to launch its IPO on June 10. Check key details
The IPO comprises fresh equity sale of Rs 120 crore and an offer for sale (OFS) of up to 6.66 crore shares. Under the OFS, SAIF Partners, Peak XV Partners, Aloke Bajpai, Rajnish Kumar, Micromax Informatics and Placid Holdings will offload part of their stakes.
Bloodbath on Street: Tata Tech among 353 stocks at 52-week lows, crash up to 20%
Veritas Advertising and Bodhi Tree Multimedia topped the list with each falling 20% to Rs 170.30 and Rs 11.7, respectively, to hit their new 52-week lows.
General Atlantic Singapore likely to sell up to 6.8% stake in KFin Technologies for Rs 833 crore via block deal: Report
General Atlantic is a part of the promoter group which holds a stake in KFin Technologies. In December, General Atlantic had sold a nearly 10% stake in KFin or 1,70,00,000 shares of the company at Rs 500.25 apiece. It made a profit of Rs 851 crore.
Beacon Trusteeship IPO booked 65 times on Day 2; Z-tech India's issue subscribed 8x
Beacon Trusteeship's IPO garners strong investor interest, garnering 66 times bids on the second day of bidding. The company plans to raise funds for technology infrastructure, subsidiary investment, and other corporate purposes.
Bearish trades crater fast in Wall Street’s high-momentum rally
Traders are betting against the tech-heavy Nasdaq 100 index, investing heavily in bearish exchange-traded funds (ETFs). However, their bets have not paid off as the index continues to rise, causing these bearish ETFs to plunge. One example is a bearish ETF that has dropped 20% in a month after receiving $500 million in investments at the start of the month. This situation highlights the risks involved in betting against a strong market trend.
Aztec Fluids and Machinery stock debuts at 34% premium on BSE SME platform
Aztec Fluids and Machinery debuts on BSE SME platform at Rs 90, 34.3% premium over issue price. IPO oversubscribed over 200 times. Company offers coding and marking solutions across various industries.
Google I/O 2024 key announcements: Check latest Android features, Gemini upgrades, new AI assistant and more
Google I/O 2024 highlighted Google's strides in AI, especially with Gemini models improving applications like Workspace and Chrome. They're launching AI-generated answers atop search results in the US, with a global rollout planned, impacting how over a billion users access information. While this promises streamlined searches, concerns about site traffic remain. Other innovations showcased include Veo for video creation, Gemini's expanded capabilities, and Project Astra, an ambitious AI assistant.
Google I/O 2024: What to expect? Check where and when to watch the livestream
Google I/O 2024 is set to begin this year on Tuesday in Mountain View, California. The event promises a deep dive into Google's latest innovations, focusing on software updates, AI advancements, and more. The keynote, led by Sundar Pichai, will start at 10 AM Pacific Time (10:30 PM India Time) and will be live-streamed on Google's official YouTube channel. Expect insights into Android's future, updates on generative AI like Gemini AI, and potential teasers of upcoming Google hardware.
Google Pixel 8a comes with Gemini AI, Actua OLED display: Check India price, specs and launch offers
Pixel 8a Price and Specifications: Google has launched its latest midrange smartphone, the Pixel 8a, in India, featuring advanced specs like the Tensor G3 chip and 8GB RAM. With a 6.1-inch OLED display, 64MP dual-camera setup, and Gemini AI integration, the Pixel 8a promises a high-quality user experience. Google's commitment to software updates includes Android 14 and 7 years of security updates. The launch offers include discounts and bonuses, with prices starting at Rs 52,999 for the base model and sales beginning on May 14.
UltraTech Cement Q4 Results: Profit rises 36% YoY to Rs 2,258 crore, beats estimates
UltraTech Cement Q4 Results: UltraTech Cement's Q4 net profit surged 36% YoY to Rs 2,258 crore. Domestic sales reached 33.22 million tons of grey cement, with a total capacity of 140.8 MTPA and a 25.7% green power mix.
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