IMAGES from the soccer matches played across leagues on Friday
The overall market breadth was positive as 1,440 stocks advanced against 1,270 declining ones, out of 2,846 stocks traded on the BSE.
There is no impediment to normal operations as Tata Motors puts in place the demerger process of its commercial and passenger vehicles businesses. Instead, the demerger would provide greater manoeuvrability for both new entities to operate independently, according to Tata Motors management. While there may not be immediate value unlocking, it will give investors clarity about future growth and the financials across different segments.
The ECB on Thursday cut its main refinancing rate to zero from 0.05 per cent.
IMAGRS from the soccer matches played across European leagues on Friday
Summary of the Europa League semi-final matches played on Thursday.
Pro League: India women suffer second straight loss to Belgium
Analyst are cautious about the performance of IT services sector from January to March quarter (Q4) of FY24 and the first half (H1) of FY25. While the Bloomberg consensus on revenue implies the market is expecting 2-3 per cent growth on a quarter-on-quarter (Q-o-Q) basis for the IT majors through FY25, the H1FY25 is likely to see even flatter returns, and Q4FY24 is likely to be poor. There is likely to be some recovery in the second half (H2FY25) but even so, there's a chance that the market will be overall disappointed.
Liverpool reclaimed top spot in the Premier League with a 3-1 win over Burnley at Anfield on Saturday, but they were made to battle hard by a brave visiting side.
Jose Mourinho's side top Group G with a maximum nine points, three clear of second-placed Slavia.
'My tool is the way I look. This is the only thing that distinguishes me.' 'Most of us dress similarly. What sets you apart is your face. If you change that also, you're like anybody else.'
Voting was underway on Friday in 102 Lok Sabha seats spread across 21 states and Union territories in the first of the seven phases of the world's largest electoral exercise, with Prime Minister Narendra Modi urging voters to exercise their franchise in record numbers.
The BJP, which has allied with a few smaller parties, has sought to upend the state's conventional politics, which has so far been indifferent to Hindutva politics, by taking the ruling DMK head-on for its alleged insult of Sanatan Dharma besides involvement in corruption.
The hospitality industry has seen plenty of interest since the catastrophic impact of the pandemic, which led to losses in FY21. The hotel industry market cap has more than tripled since 2019 on the combination of a strong earnings rebound and positive surprises, as well as three recent listings. The industry has good tailwinds. The anticipation is, demand for rooms will outrun supply for a few years despite capacity expansions.
RCB's openers gave the hosts the perfect start, before the middle order delivered once again to take the hosts to a defendable total. Cameos from Dinesh Karthik and Glenn Maxwell added the final flourish.
Benchmark stock indices Sensex and Nifty jumped over 1 per cent on Wednesday amid foreign funds turning net buyers of domestic equities after a long gap and positive opening in European stock markets. The 30-share BSE benchmark index climbed 616.62 points or 1.16 per cent to settle at 53,750.97. During the day, it rallied 684.96 points or 1.28 per cent to 53,819.31.
'We expect the bull-market phase to still persist, but now led by large-caps which offer better valuation and benefit from FII inflows.'
'We expect continued pressure on midcaps, but any sharp correction looks unlikely from here on.'
'The business of investing is essentially about competent doubt management: If the market knocks off 3,000 points, the doubt will be whether it will ever rebound (making it one man's doubt against another man's conviction),' says Mudar Pathreya.
Sentiment in gold improved as stockists and retailers indulged in fresh buying at existing lower levels.
Equity benchmark indices Sensex and Nifty bounced back on Thursday to close higher by nearly 1 per cent on gains in banking, IT and auto shares amid mixed global trends. The 30-share BSE Sensex rose by 443.19 points or 0.86 per cent to settle at 52,265.72. During the day, it rallied 694.26 points or 1.33 per cent to 52,516.79. The NSE Nifty advanced 143.35 points or 0.93 per cent to 15,556.65.
'Given the inherent volatility, investors should take at least a three to five-year view.'
Voters include 8.4 crore men, 8.23 crore women and 11,371 from third gender. There are as many as 35.67 lakh first time voters, besides 3.51 crore young voters in the age group of 20-29 years.
Equity investors became richer by Rs 5.66 lakh crore as markets bounced back sharply on Tuesday following a recovery in global equities. The 30-share BSE Sensex jumped 1,276.66 points or 2.25 per cent to settle at 58,065.47 points. During the day, it zoomed 1,311.13 points or 2.30 per cent to 58,099.94 points. The market capitalisation of BSE-listed firms climbed Rs 566,318.84 crore to Rs 273,92,739.78 crore.
The benchmarks logged the first weekly loss in three weeks.
Tracking losses in the broader market that has seen the Nifty Smallcap 250 index and the Nifty Midcap 100 indices slip 9 per cent 6.1 per cent in the last three sessions, the frontline Nifty 50 index has remained resilient and registered a fall of 2.2 per cent during this period. Going ahead, can the nervousness in the mid- and small-cap universe spread to the large-cap peers? Most analysts do not think so. They expect a minor dip and a sharp recovery as investors flock to the large-caps in search of safety and value buying as the mid-and small-caps falter.
IMAGES from the Euro 2024 qualifiers played on Thursday night
'While Indian markets are indeed not inexpensive, the valuations of largecap stocks are still a considerable distance from being overstretched.'
Snapping its two-day losing streak, gold prices on Wednesday rebounded by Rs 120 to Rs 28,420 per ten grams at the bullion market in New Delhi on revival of buying by jewellers to meet ongoing wedding season demand even as metal retreated overseas.
India will play the second-best team of Pool B in the semi-final on Wednesday.
India suffered one of its most embarrassing defeat in recent years despite Sunil Chhetri's 94th international goal in his 150th match.
Milwaukee led by 18 in the third quarter before Philadelphia used a 23-9 run to tie the game at 108 mid-way through the final period.
"The voting percentage is likely to go upwards when reports from all polling stations are obtained as polling is scheduled till 6 pm in many constituencies. Final figures will be known on Saturday after the scrutiny of form 17A," the EC said.
The IMD has warned of heatwave to severe heatwave conditions in parts of West Bengal, Odisha, Bihar, Jharkhand, Andhra Pradesh, Telangana, Karnataka and Uttar Pradesh during the next five days.
Brighton midfielder James Milner, who made his Premier League debut in 2002 at age 16, passed Ryan Giggs into second in all-time league appearances on Monday with 633 matches. He needs 20 more to equal Gareth Barry's record.
Improvements in industrial activity and services sector mainly seems to have boosted GDP growth.
Bereft of ideas, a lacklustre Indian football team's woes were compounded by its defensive lapses, resulting in a 0-3 drubbing by a dominant Uzbekistan in the AFC Asian Cup in Doha on Thursday.
Indian colts' victory was backed by a grand show of character to hold off pressure from the Dutch side, and the cynosure of India's defence was Rohit who was hard to breach -- he blocked away six successive penalty corners in the final quarter ensuring India emerge victorious. He was awarded player of the match for his efforts.
Equity benchmark Nifty scaled the psychological milestone of 21,000 in afternoon trade on Friday, and the Sensex touched its all-time intraday high of 69,888.33 after the central bank's decision to keep policy rates unchanged in line with market expectations. The 50-share benchmark index opened on a bullish note, after taking a breather on Thursday, and rose to 21,006.10. As many as 25 stocks were trading in the green, and 24 stocks defied the broader market and were trading in the negative territory.
A good agricultural harvest and a timely arrival of monsoon, besides a slew of government schemes, have also come as a bounty.
Even if 5G is not launched by operators this year, the handsets market will certainly witness a strong supply ecosystem for 5G ready smartphones in 2021.
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