The proposed exemption in customs duty on import of lithium, cobalt and other rare minerals in the Union Budget 2024-25 is likely to lower the battery production cost and help in making electric vehicles more affordable for the buyers, auto industry leaders said on Tuesday.
Stock markets will be driven by domestic inflation data, ongoing quarterly earnings from corporates and global trends this week, analysts said. News flows around the general election would also be tracked by investors, market experts said.
Global trends, macroeconomic data announcements and the start of the earnings season would be the major drivers for the equity markets in a holiday-shortened week, analysts said. Equity markets will remain closed on Thursday for Eid-Ul-Fitr. Trading activity of foreign investors, rupee-dollar trends and crude oil prices would also guide trends in markets.
A day after Chief Minister Nitish Kumar formed the government in Bihar in alliance with the National Democratic Alliance, hectic lobbying started for the post of assembly speaker, and other legislators to be included in the council of ministers.
Trading in the equity market will largely depend on two major events this week - general elections result and the RBI interest rate decision - analysts said, adding that the benchmark indices may rally on Monday on exit polls' prediction of a massive win for the BJP-led NDA and strong GDP data. Exit polls on Saturday predicted that Prime Minister Narendra Modi will retain power for a third straight term, with the NDA expected to win a big majority in the polls. Counting of votes will take place on June 4.
Geopolitical events, macroeconomic data and quarterly earnings of corporates would guide the stock market in a holiday-shortened week ahead, analysts said. Stock markets will remain closed on Wednesday for Ram Navami. "This week promises to be crucial for the market as fresh worries about a potential conflict between Iran and Israel emerge.
Stock markets would take cues from the upcoming macroeconomic data announcements and global trends besides keeping a watch on the trading activity of foreign investors, analysts said. The last batch of the ongoing earnings calendar would trigger stock-specific action, traders said. "This week, we have to deal with macroeconomic data on both the domestic and global front.
A summary of sports events and sports persons, who made news on Sunday.
Trends in the global markets, trading activity of foreign investors and announcement of domestic macroeconomic data are the major factors that would drive investors' sentiment in a holiday-shortened week ahead, analysts said. Benchmark indices had a record-breaking rally in the past week driven by impressive GDP data. Equity markets would remain closed on Friday for Mahashivratri.
Santosh Singh quit a cushy corporate job to start a dairy farm in Bangalore.
'There will be no khel on February 12 during the confidence motion vote.'
The Chhattisgarh police has arrested two people in connection with a Rs 20-crore burglary from a jewellery store in Delhi earlier this week and recovered around 18.5 kg of gold and diamond ornaments from them, a senior official said on Friday, even as the probe suggested involvement of only one person in the incident.
Mizoram blanked Railways 3-0 in a one-sided final of the 68th National Football Championship for the Santosh Trophy in Siliguri.
According to the Election Commission data, 30 out of the state's 40 Lok Sabha seats went to the BJP-led coalition in the latest elections, a sharp drop compared with 39 in 2019 and lower than the tallies of 2014 (31) and 2009 (32).
Nearly one in two luxury cars sold in India in the first three months of 2024 was a Mercedes Benz, which achieved its best ever quarter (January-March), selling 5,412 units, up 15 per cent year-on-year (Y-o-Y) from 4,697 units in the previous year.
Rajsamand MP Diya Kumari and Jaipur Rural MP Rajyavardhan Singh Rathore are among the seven BJP parliamentarians who will contest the Rajasthan Assembly polls, according to the first list of 41 candidates issued by the party on Monday.
Sixty-eight Rajya Sabha members, including nine Union ministers, are completing their tenure this year, triggering a race of sorts among leaders across political parties to eye a six-year term in the Upper House of Parliament.
Never before in history have Cannes and its sidebars found space for eight Indian, or India-themed, films.
With the IPL kicking off, speculations are rife that the former Indian cricket team captain M S Dhoni will hang up his boots after handing over the captaincy of Chennai Super Kings (CSK) to Ruturaj Gaikwad. However, brand experts believe this is not the end of the road for Dhoni as a celebrity, and he still has some mileage left even if he completely retires. Dhoni is expected to continue being associated with CSK even after retirement, according to a media report.
Santosh Singh is waging a battle to retrieve his 12.1 acre-land in Chittoni village in Uttar Pradesh's Varanasi district that was usurped by his cousins after declaring him dead.
After 48 hours of being sworn in as chief minister of Delhi, Arvind Kejriwal gets set to pass an executive order to provide 700 litres of free water to every household in the capital. Down To Earth analyses the challenges he is likely to face
Santosh was earlier let off due to lack of evidence.
The BJP's top leadership will drop its MPs found to be facing anti-incumbency, according to its internal surveys -- a pivotal tactic to ensure the party achieves its target of winning 370 seats.
'I thought AAP will uphold administrative fairness which is not there. And it is an indication of the fact that power corrupts and absolute power corrupts absolutely'
Clad in a yellow kurta with a saffron gamcha around his neck, atop an open saffron coloured vehicle, he was greeted by loud chants of "Modi! Modi! Modi Zindabad! 400 Paar Is Baar" all along the roadshow's route.
The RJD has fielded six women candidates, some of them are wives of bahubalis.
Odisha's Health and Family Welfare Minister Naba Kishore Das died of bullet injuries on Sunday, Apollo Hospital officials said.
A jailed woman has sought permission of the court in Bihar to donate her kidney to her jailed ailing husband battling for life, officials on Thursday said.
The Opposition party also attacked Azad, saying "Mr. GNA himself gives new evidence of his DNA mutation by saying 'those opposing Article 370 abrogation ignorant of the situation on the ground'."
Quarterly earnings, global trends and trading activity of foreign investors will drive stock markets in this holiday-shortened week, analysts said. It will be a trading holiday on January 22, with the Maharashtra government announcing a holiday in connection with the consecration of the Ram Temple in Ayodhya. Equity markets would also remain closed on Friday for Republic Day.
Once a wanted criminal with a reward of Rs 7 lakh on his head, Sandeep from Sonipat got a six-hour parole for his wedding from a Delhi court.
Justice Subramonium Prasad said though police have filed a status report listing the standard operating procedure for bomb detection and disposal squads and the guidelines to deal with bomb threats in schools, they have not submitted data on several key aspects.
A 15-year-old boy was allegedly beaten to death with sticks with his family alleging that he was attacked when he opposed an attempt to molest his cousin, police said.
Underscoring the importance of voter satisfaction and trust in the electoral system, the Supreme Court on Thursday told petitioners who sought its direction to go back to using ballot papers not to suspect the efficacy of Electronic Voting Machines (EVM) and appreciate if the Election Commission does good work.
The RJD polled the highest vote share in Bihar, but it was not reflected in the number of seats it won.
Equity markets would take cues from domestic inflation data announcement, global trends and trading activity of foreign investors in a holiday-shortened week ahead, analysts said. Markets would remain closed on Tuesday for 'Diwali Balipratipada'. "As we enter a truncated week with Muhurat trading on Sunday, global cues will play a pivotal role in shaping the market direction.
Stock markets will be largely driven by global trends and macroeconomic data announcements in a holiday-shortened week which may see volatility amid monthly derivatives expiry, say analysts. Equity markets will remain closed on Monday for Gurunanak Jayanti. Trading activity of foreign investors and the movement of the rupee against the dollar will also be tracked by investors.
The Enforcement Directorate (ED) on Wednesday produced WhatsApp chat records between former Jharkhand chief minister Hemant Soren and a close associate where information related to transfer and posting of state government officials involving 'huge amount of money' is alleged to have been discussed.
Movement in the equity market this week will largely be dictated by quarterly earnings of blue-chip firms HDFC Bank and Hindustan Unilever, along with the announcement of WPI inflation data and global trends, analysts said. Trading activity of foreign investors, global oil benchmark Brent crude and rupee-dollar trend would also guide the movement.
The LAB leaders said they will continue with their struggle in a peaceful manner through chain hunger strikes and protests.
