Max Verstappen was fastest on the opening day of practice for the Belgian Formula One Grand Prix ahead of Red Bull team mate Daniel Ricciardo as world champions Mercedes chose to focus on race preparation. Verstappen set a benchmark time of one minute 48.085 seconds, 0.256 quicker than Ricciardo on a hot and sunny day at the Spa-Francorchamps circuit.
TCS was the top gainer in the Sensex pack, rising over 3 per cent, followed by HUL, UltraTech Cement, Nestle India, Kotak Bank, Dr Reddy's and Titan. NSE Nifty surged 157.90 points to 17,234.15.
If the idea was to garner AIADMK votes with or without the three faction leaders after the party broke ties with the NDA, it may not work after all, observes N Sathiya Moorthy.
Amid the shadow of the third wave of COVID-19, people of India marked different festivals across the country.
The Supreme Court, which is hearing a challenge to a Tamil Nadu law allowing jallikattu, on Wednesday observed that the "ultimate question" perhaps might be whether the bull-taming sport, dubbed by many as cruel to animals, can be allowed in any form.
The Supreme Court on Thursday upheld the validity of the Tamil Nadu law allowing bull-taming sport "jallikattu" in the state.
The gap between Nifty's price-earnings multiple and economic growth is at a 12-year high
Me: Cow slaughter? Do you know cows have not been slaughtered in Maharashtra? Vegetarian: What are you saying?!! Me: Yes, only bulls, bullocks and oxen were slaughtered, the cow has not been slaughtered in Maharashtra since 1976.
Nehra retired from the game in 2017 and earlier this year coached Gujarat Titans to the title on their IPL debut.
In the post-match press conference, Iyer was quizzed about short ball being a problem for him and Iyer, in reply, snapped at the reporter saying: 'When you say it's a problem for me what do you mean?'
The track time will also help him earn enough points to apply for a Super Licence, which is needed to compete in Formula 1.
As many as 31 mainboard IPOs raised a cumulative Rs 26,272 crore in this period, according to Prime Database. During the April-September 2007 bull run, 48 IPOs totalling Rs 21,243 crore were launched. The number of deals in H1FY24 was 2.2 times that of the same period of the last fiscal year, but the amount raised was 26 per cent lower.
The US Federal Reserve has decided to keep its stimulus programme intact and this in turn will lead to some respite for the battered emerging market economies, but it should also be borne in mind that tapering is inevitable in the medium term.
Industry players credit Sebi's first woman chairperson with putting special emphasis on cyber security, use of tech and data, areas where Sebi is trying to 'stay ahead of the curve'.
'A fund investor could pick, say, three of the top active funds in any given category.'
Rohit impressed with middle-order show
Samra was juggling between her MBBS studies at the GGS Medical College (in Faridkot) and shooting but ultimately decided to change her course.
From the Sensex pack, Infosys jumped the most by 3.67 per cent. Asian Paints, HCL Technologies, Reliance Industries, ICICI Bank, Wipro, NTPC, Tech Mahindra, Bajaj Finserv and Larsen & Toubro were among the other major gainers. State Bank of India, Bajaj Finance, Titan, Tata Steel, Tata Motors and UltraTech Cement were among the laggards.
'We suggest an equity strategy of 5% to 10% exposure to cash, 5% to Gold ETF, close to 50% to Sensex/Nifty/large mid-cap stocks.'
What should be made out of the Madras high court order involving non-Hindus' entry into Hindu temples, when many non-Hindus are among the hundreds of thousands that have been worshipping at these temples for generations, asks N Sathiya Moorthy.
Valuations are not outlandish yet and the India story is still very strong, but investing in shares just because FIIs will buy in a big way may not be the best move.
The Meridian feels comfortable and upright with the quality of gadgetry, interiors and plastics expected from an international brand car. However, it lacks the overall premium-ness that may come with a top-end Japanese car or even a mid-range German car, says Pavan Lall.
After outperforming the broader market and their public sector peers for the better part of the post-Lehman period, private sector banks - such as HDFC Bank, ICICI Bank, Axis Bank, and Kotak Mahindra Bank - are now underperforming. Last week, the Nifty Private Bank index was up just 6 per cent year-to-date in the calendar year 2021, against nearly 13 per cent rally in the Bank Nifty and a 15 per cent rise in the benchmark Nifty50. Public sector (PSU) banks, such as State bank of India, Bank of Baroda, and Punjab National Bank, are now rally leaders and outperforming the broader market. The Nifty PSU Bank index was up 42 per cent since the beginning of this calendar year. But on a longer term, the Nifty Private Bank index is up 101 per cent since March 2016, against a 118 per cent rally in the Bank Nifty and just 2 per cent rise in the Nifty PSU Bank index in the period.
The net inflows into active equity mutual fund (MF) schemes registered more than a twofold month-on-month rise in August, crossing Rs 20,000 crore, the highest in five months. This rise in net inflows was boosted by an 18 per cent growth in gross investments, driven by a record Rs 15,800 crore inflow through the systematic investment plan (SIP) route and Rs 5,000 crore collected by seven new fund offers (NFOs) in the active equity space, reveals data released by the Association of Mutual Funds in India (Amfi). Moreover, redemptions moderated in August, declining by 19 per cent to Rs 24,580 crore, after staying elevated in the previous three months owing to profit booking.
Summary of sports events and persons who made news on Monday
The market capitalisation of BSE-listed firms jumped to an all-time high of Rs 304.53 lakh crore on Wednesday, buoyed by an unprecedented rally in equities where the BSE benchmark Sensex ended over the 67,000-mark for the first time ever. Rallying for the fifth day running, the 30-share BSE Sensex climbed 302.30 points, or 0.45 per cent, to end at its lifetime closing high of 67,097.44 points. During the day, it jumped 376.24 points, or 0.56 per cent, to reach its all-time intra-day peak of 67,171.38 points.
The petitioners challenging a Tamil Nadu law allowing bull-taming sport Jallikattu argued in the Supreme Court on Tuesday that when the law prohibits cruelty to animals there cannot be an amending Act which perpetuates cruelty.
Crude oil prices have more than doubled, pushing up India's import bill and raising fears of a higher current account and fiscal deficit. This will impact corporate earnings.
Red Bull's pre-season problems showed little sign of easing in Bahrain testing on Wednesday with four-times world champion Sebastian Vettel managing only 14 laps on the first day.
From the Sensex pack, Larsen & Toubro jumped 4.26 per cent to emerge as the biggest gainer, followed by IndusInd Bank, Tech Mahindra, State Bank of India, HCL Technologies, Power Grid, NTPC, Axis Bank, Kotak Mahindra Bank, HDFC Bank and Wipro. Mahindra & Mahindra, Infosys, UltraTech Cement and Hindustan Unilever were the major laggards.
'Modi's finest political legacy ought to be a border settlement with Beijing,' asserts Ambassador M K Bhadrakumar.
Regulator finds broker trading through conduits; 26 entities barred from market.
Mutual funds (MFs) are betting on a turnaround in the healthcare sector to boost returns but are divided on the prospects of the information technology (IT) sector amid uncertain growth outlook. At the end of June, all of the top 20 fund houses were overweight on the healthcare sector vis--vis the sector's presence in the BSE 200 index, shows a report by Motilal Oswal Financial Services (MOFS). In the case of the IT sector, only six of the 20 fund houses had overweight positions.
India skipper Rohit Sharma chose to keep suspense over his preferred batting and bowling line-ups for the opening Test against Australia.
Protests by farmers to land acquisition notwithstanding, the SEZ juggernaut is all set to move on when the high-powered Board of Approvals takes up 37 more proposals, including two from Maharashtra, on Wednesday.
'I want us not to underestimate Indian voters. They can tell good work from bad.'
Equity strategists are basing their expectation on strong corporate earnings recovery, supportive global economic growth, and gradual improvement in business sentiment.
England face fellow strugglers Sri Lanka in a must-win World Cup match on Thursday.
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