'If you see another 1000-point correction, people may start panicking.'
Maruti was the top loser in the Sensex pack, shedding around 4 per cent, followed by Bharti Airtel, HUL, NTPC, Bajaj Finance, UltraTech Cement, ONGC and Reliance Industries. NSE Nifty declined 224.50 points to 14,324.90.
The Food Safety and Standards Authority of India (FSSAI) has sought a meeting with quick-commerce (qcom) platforms like Blinkit, Swiggy Instamart and Zepto on Tuesday to discuss issues regarding violations of food safety standards, according to sources familiar with the matter. This comes at a time when there have been issues raised about food safety standard violations by qcom platforms for packaged food products, including violations related to expiry and best before dates.
L&T was the top loser in the Sensex pack, dropping 4.99 per cent, after the engineering major posted a 45 per cent decline in consolidated net profit for the September quarter. Titan, ONGC, Axis Bank, HUL, NTPC, M&M and HDFC were the other major laggards, shedding up to 3.32 per cent. NSE Nifty fell 58.80 points or 0.50 per cent to 11,670.80.
The Securities and Exchange Board of India (Sebi) is likely to notify soon stricter derivatives trading norms aimed at curbing speculative trading activity and curtailing losses of over Rs 50,000 crore incurred by retail investors every year. Based on the feedback received from industry participants, seven measures proposed by the market regulator in a consultation paper in July may be implemented with minor tweaks ahead of its forthcoming board meeting, said sources.
Reliance Industries was the biggest loser in the Sensex pack, falling 2.62 per cent, followed by Nestle India, IndusInd Bank, UltraTech Cement, M&M and SBI.
From the Sensex pack, Tata Steel, Titan, Tech Mahindra, Wipro, Bajaj Finserv, Bajaj Finance, Nestle India, Tata Motors and JSW Steel were the biggest laggards. ICICI Bank, Axis Bank, HDFC Bank, State Bank of India and Kotak Mahindra Bank were the gainers.
In 2024, the Securities and Exchange Board of India (Sebi) implemented significant reforms, focusing on cooling down the derivatives segment, enhancing transparency and accountability in small and midsised enterprise (SME) listings, and deepening the fund management ecosystem.
Around six weeks ago, Sun Pharmaceutical Industries, India's largest drugmaker, suffered a setback, which led to a selloff in the share. The US District Court of New Jersey granted Incyte's request for a preliminary injunction against Sun Pharma's launch of Leqselvi, a drug that treats alopecia.
Higher levels could not be sustained as participants offloaded their long positions in view of September series expiry.
A Delhi court on Tuesday extended the judicial custody of Chief Minister Arvind Kejriwal and Bharat Rashtra Samiti leader K Kavitha in a money laundering case related to the alleged excise scam till May 7.
Markets recovered from the day lows to end higher on Thursday, following the expiry of August derivative contracts, led by financial and FMCG shares.
In the video, Srinivas Pawar (60), while talking to residents of Katewadi village in Baramati, said the NCP founder had stood with Ajit Pawar through thick and thin.
Tata Motors was the biggest loser in the Sensex pack, cracking 4.56 per cent. Bajaj Finance, RIL, Yes Bank, NTPC and Tata Steel too fell up to 3.95 per cent.
The Union cabinet on Wednesday accepted the recommendations of the high-level committee headed by former President Ram Nath Kovind on simultaneous elections.
The Nifty ended at 5833, down 34 points.
Sectorally, metal and banking stocks rallied the most, while FMCG and realty stocks came under selling pressure.
'Out of some 540 films in my career, I can confidently say that this film is one of my best five.'
Reliance Industries closed more than half a per cent higher after the company announced a proposed merger of media and entertainment assets of Viacom18 with Star India. Hindustan Unilever, Bharti Airtel, Tata Motors, ITC, Tech Mahindra and Axis Bank were among the laggards.
Most of the session's gains for both the indices were wiped out as investors rushed to book profits ahead of F&O expiry on Thursday and also due to concerns over stretched valuations.
In a relief to actor Darshan Thoogudeepa, an accused in the Renukaswamy murder case, the Karnataka high court on Wednesday granted him interim bail on medical grounds, to undergo spine surgery.
Dear readers, do you agree with Meghna Pant that ovaries don't have an expiration date?
Participants of a mega rally, including prominent film personalities and rights activists, held a night-long sit-in in Kolkata till 4 am on Monday, demanding justice for a doctor who was allegedly raped and murdered at a hospital last month.
Benchmark share indices ended lower on Wednesday, amid weak global cues, as investors booked profits ahead of the September derivative contracts expiry.
There will be a seven-day waiting period after the SIM swap or replacement for a mobile number to become eligible for porting, telecom regulator Trai said on Friday. The step has been taken to curb fraud taking place by using mobile phone numbers. "The Telecom Regulatory Authority of India (Trai), on 14th March 2024, issued the Telecommunication Mobile Number Portability (Ninth Amendment) Regulations, 2024, which will come into force on July 1, 2024," the regulator said.
F&O trading is a zero-sum game where one person's loss is another's gain. Only one per cent of traders gained the money lost by 93 per cent, warns Harsh Roongta.
'Domestic investors are opening up to the idea of high-growth Internet companies as a pool of value creation.' 'They like the execution that they see with Zepto, and for us, that is the most important factor.'
Short-covering and the propping up of net asset values have potential to boost frontline as well as second-rung names next week
During his temporary release period, Singh will go to the Dera ashram in Barnawa in Uttar Pradesh's Baghpat, they further said.
The IPO filing-to-approval lapsing ratio this year is the best in three years, underscoring the improvement in the IPO market's buoyancy.
Hyderabad was made the capital city of the two states for 10 years when the bifurcation of undivided Andhra Pradesh was carried out in 2014.
Markets ended lower on Thursday following the expiry of July derivative contracts weighed down by profit taking in FMCG shares after recent gains.
BSE- mid-cap & small-cap outperformed benchmark indices
'Publicity looks good, but the reality is different... all sections are feeling harassed'
Whether it's colas, shoes, mobile connections or vehicles, the celebrity who endorses a product becomes the face of the brand.
The Centre has issued a fifth draft notification to declare over 56,800 square kilometres of the Western Ghats across six states, including 13 villages in Kerala's landslide-hit Wayanad, Ecologically Sensitive Area (ESA), inviting suggestions and objections within 60 days.
GlaxoSmithKline Plc's anti-migraine drug brand, Imitrex, is turning out to be a good revenue earner for Indian generic companies.
Sales of electric vehicles (EVs) in July touched 178,948 units, marking the highest monthly sales this financial year. This represents a 27.9 per cent increase from June, which saw 139,905 units sold, according to the Vahan data from the Ministry of Road Transport and Highways. The strong performance in July contributed to more than one million being sold in the first seven months of the calendar year.
The suggestion is this: All PhD degrees must have an expiry date. The reasons for putting in an expiry date are so self-evident that they do not merit reiteration. We did not get the opportunity to discuss just how long the validity period should be. But I imagine 10 -12 years would do nicely.
