Top Trending Finance & Stock Market News & Highlights
FBI Reports 53 Percent Increase in Crypto Investment Scams and Issues Warning
The US Federal Bureau of Investigation (FBI) noted a notable increase in scams involving cryptocurrency investments in 2023. The FBI asserted in its most recent "Internet Crime Report 2023" that scams involving cryptocurrency investments increased by 53% in 2018. Investment scams involve con artists guiding prospective victims toward cryptocurrency investments and convincing them to purchase fictitious tokens, which ultimately returns all of the money to the con artists. The promises of large returns on investment used to lure victims of these scams. Scammers typically use social networking sites like Facebook, Twitter, and LinkedIn to look for possible victims. According to the FBI report, investment frauds involving cryptocurrency increased by 53 percent, from $2.57 billion (about Rs. 21,260 crore) in 2022 to $3.94 billion (about Rs. 32592 crore) in 2023. The majority of these scam victims were in the 30-to 49-year-old age range. On the other hand, elderly people were more likely to fall for tech support scams. Comparing figures from 2022, the FBI said it received 8,80,400 financial scam complaints last year with the amount of loss coming close to $12.5 billion (roughly Rs. 103428 crore). This marks a 10 percent and 22 percent rise in number of complaints and amount stolen compared to 2022.According to FBI data, in 2023, similar financial crimes were reported in 6,601 and 3,405 complaints from Canada and India, respectively, following the US. Cybercriminals appear to be stepping up their attempts to con members of the cryptocurrency community as the market gets closer to its previous all-time high capitalization of $3 trillion (about Rs. 2,48,20,350 crore). The FBI has issued a warning regarding the increasing number of these incidents from the previous year, but Scam Sniffer, a market research platform, has highlighted the scam situation for the cryptocurrency industry through 2024. According to its data, in February of this year, roughly 57,000 victims fell victim to crypto phishing scams that cost them about $47 million, or roughly Rs. 388 crore.
Published 11 Mar 2024 06:29 PM
Ether retreats after momentarily touching the $3,000 mark, while Bitcoin drops from the $52,000 mark.
On Wednesday, February 21, there was a tiny 0.31 percent gain for Bitcoin. At the moment, Bitcoin is worth $51,977, or about Rs. 43 lakh. Market analysts claim that the resistance level for Bitcoin is currently at $53,000, or approximately Rs. 43.9 lakh; a breach of this level would signal a significant increase in the value of the asset. The price of Bitcoin has seen a significant increase of $400 (approximately Rs. 33,160) in the last day. Wednesday's market volatility was reflected in the cryptocurrency chart, where altcoins fluctuated between gains and losses. For the first time since April 2022, Ether crossed the $3,000 (about Rs. 2.48 lakh) threshold. But at that point, the asset was unable to maintain a significant advantage. Ether's current value, after a 2.05 percent loss, is $2,870, or approximately Rs. 2.3 lakh. "Bitcoin is indicating overbought conditions in the current market environment, which is causing investor caution regarding possible consolidation. Ethereum, on the other hand, is showing an ascending channel pattern, driven by continuous developments in its ecosystem and flirting with $3,000 (about Rs. 2.48 lakh). Deviating from their customary daily routines, investors are being cautious because of a recent buying frenzy amid bullish momentum suggested by moving averages, according to Rajagopal Menon, Vice President of WazirX, who spoke with Gadgets360. Market observers are currently more interested in watching Ether's trajectory than Bitcoin's. "Ethereum has a huge following. For most Web3 developers, it is the default option when it comes to compute networks. This translates to increased traffic volume and road upkeep. Therefore, an update to make the highway much smoother is being shipped by developers. They are also doing it without causing any traffic hiccups. They port the upgrade to the mainnet highway after testing it on the testnets, or service road. Dencun's planned mainnet launch in March "can be seen as an internal catalyst for a better Web3 future," according to CoinSwitch co-founder Ashish Singhal.
Published 22 Feb 2024 02:33 AM
India Accepts All Foreign Investment In The Space Industry
In an effort to facilitate business in the nation, the Indian government approved an amendment on Wednesday that permits 100% foreign direct investment (FDI) in the space sector. The government stated in a statement that the FDI policy reform will encourage growth in investment, income, and employment. The government stated in a statement that the FDI policy reform will encourage growth in investment, income, and employment.
Published 22 Feb 2024 01:45 AM
The Price of Bitcoin Exceeds $48,000
At the time of publishing, the price of the most popular cryptocurrency in the world, Bitcoin, was $48,101 (approximately Rs. 39.9 lakh), having seen a slight increase of 0.74 percent on Monday. The digital asset gained $1,826 in value over the course of the weekend (about Rs. 1.5 lakh). The next target, according to market analysts, would be $50,000 (about Rs. 41.5 lakh), which is a milestone that Bitcoin hasn't been able to reach since December 2021, if the price of the cryptocurrency rises above $48,970 (about Rs. 40 lakh). Ether's value fell by 0.55 percent on Monday as it was unable to keep up with Bitcoin's gains. At the moment, ether is worth $2,498 (about Rs. 2.07 lakh). Due to large net inflows into spot Bitcoin ETFs the week before, Bitcoin surged above $48,000 (about Rs. 39.8 lakh) over the weekend, hitting its highest level in 26 months. The CEO of Mudrex, Edul Patel, told Gadgets360 that Ethereum also reached its highest point since January 19 at $2,540, or roughly Rs. 2 lakh. It is currently consolidating around $2,500, or roughly Rs. 2.07 lakh, with resistance at $2,620, or roughly Rs. 2.17 lakh, and support at $2,440, or roughly Rs. 2.02 lakh.The majority of cryptocurrencies saw losses on Monday, including Ether. These comprise Avalanche, Dogecoin, Cardano, Ripple, and Binance Coin. On Monday, the values of other altcoins, including Uniswap, Shiba Inu, Litecoin, Bitcoin Cash, Solana, and Binance Coin, also decreased. In the past day, the value of the cryptocurrency industry as a whole fell by 0.76 percent. According to CoinMarketCap, the current value of the cryptocurrency market is $1.8 trillion, or approximately Rs. 1,49,40,576 crore. Ether's market share is currently 16.7%, while Bitcoin's dominance is currently 52.5 percent.This week, there will probably be a few notable token unlocks, such as the release of SAND from Sandbox worth over $96 million (about Rs. 796 crore), or roughly 9% of the total supply. We plan to do this on Valentine's Day. Additional unlocks include Aptos, which released more than 7% .
Published 13 Feb 2024 01:20 AM
Finance & Stock Market
Finance & Stock Market is financial management, which covers tasks including forecasting, budgeting, borrowing, lending, and investing. Finance can be broadly classified into three categories:
- Personal Finance
- Corporate Finance
- Public/government Finance
Lending, banking, investing, forecasting, and a wide range of other topics pertaining to the distribution and trade of financial assets are all included in the broad industry that is finance.
- NYSE - USA
- Nasdaq - USA
- Euronext - Netherlands
- Shanghai Stock Exchange - China
- Japan Exchange Group - Japan
- Shenzhen Stock Exchange - China
- Hong Kong Exchanges - Hong Kong
- National Stock Exchange of India - India
- LSE Group - UK
- Saudi Exchange - Saudi Arabia
A significant change in China's monetary policy sparked a stock market boom. Yet 'a lot of instability' remains a threat.
Monday saw a surge in Chinese stocks following the nation's indication of a more aggressive stimulus plan for the upcoming year. According to China state media Xinhua News Agency, Beijing's senior leaders announced they will adopt a "more proactive" fiscal policy and a "moderately loose" monetary policy.Hui Shan, the chief China economist at Goldman Sachs, wrote in a note to clients on Monday, "We view the outcome as an upside surprise due to stronger easing rhetoric, relative to the low market expectations prior to the meeting." The team also anticipates the announcement of "more concrete demand-side stimulus measures" early next year. Interestingly, the economist notes that China last referred to its monetary policy stance as "moderately loose" in 2009–2010.Following the remarks, Hong Kong's benchmark Hang Seng Index (^HSI), which is dominated by huge Chinese stocks, increased by almost 3% on Monday. The upward movements were echoed by other Chinese-listed corporations and exchanges. On Monday, China's benchmark CSI 300 (000300.SS) increased by more than 1%. Chinese e-commerce behemoths Alibaba (BABA), PDD Holdings (PDD), and JD.com (JD) also saw at least 9% increases in their stock prices. XPeng (XPEV, 9868.HK), a Chinese manufacturer of electric vehicles, too had double-digit growth, increasing by about 14%.
Mideast Stocks US rate decrease wagers and OPEC+ output delays boost the majority of Gulf markets.
Investor confidence in a U.S. interest rate decrease and a possible postponement of OPEC+'s planned output increase helped most Gulf stock markets close higher Thursday. The CME Group's FedWatch Tool indicates that markets presently perceive a 74% possibility of a 25-basis-point rate drop this month.The U.S. payrolls report on Friday is likely to draw the market's attention, and the November inflation data is anticipated the following week. Because the majority of the Gulf region's currencies are based on the U.S. dollar, the Fed's choices have an effect on the region's monetary policy. Al Taiseer Group <4143.SE>, a manufacturer of alumThe index <.FTFADGI> increased by 0.1% in Abu Dhabi. A source told Reuters that OPEC+ had decided to postpone a planned increase in oil output until April 2025, which caused oil prices, which are a major driver of the Gulf's financial markets, to recoup some of their gains. As it struggles with poor demand, particularly from China, and expanding supply outside the producer group, OPEC+—the Organization of the Petroleum Exporting Countries plus allies, including Russia—is attempting to support prices with the anticipated delay. The largest lender in the Gulf, Qatar National Bank <QNBK.QA>, saw a 0.6% increase, driving a 0.5% increase in the benchmark Qatari stock <.QSI>.Egypt's blue-chip index <.EGX30> ended the day flat outside the Gulf. At a news conference on Wednesday, Prime Minister Mostafa Madbouly announced that Egypt intends to list three or four military-owned businesses on the stock exchange. The government's comprehensive IPO calendar would be made public the following week. Saudi Arabia At 11,932, <.TASI> increased by 0.4%. Abu Dhabi .FTFADGI> increased by 0.1% to 9,277 Dubai At 4,820, <.DFMGI> dropped 0.7%. Qatar At 10,392, <.QSI> increased by 0.5%. Egypt At 30,840, <.EGX30> was flat. Bahrain At 2,036 <.BAX> closed the flat. OMAN eased 0.1% to 4,572 <.MSX30> KUWAIT <.BKP> increased 7,808 by 0.2%.0.SE> increased 3.6%, contributing to the 0.4% advance in Saudi Arabia's benchmark index <.TASI>.
The yield on the 10-year Treasury note increases as investors wait for further job statistics.
As investors expected additional labor data that was due this week, U.S. Treasury yields increased on Wednesday.The yield on the 10-year Treasury increased by almost three basis points to 4.2478% at 4:28 a.m. ET. In the meantime, the yield on the 2-year Treasury increased by over one basis point to 4.1814%.With the release of the ADP Employment Change report for November on Wednesday, investors are anticipating additional labor data this week. According to economists surveyed by Dow Jones, the report's measure of private sector employment growth in the United States is expected to increase by 163,000 positions over the previous month.This follows the release of the JOLTS job opportunities data on Tuesday, which revealed that 7.74 million job openings were posted in October, exceeding Dow Jones projections of 7.5 million and up from September. The most important economic news this week is the November jobs report, which will be released on Friday and is eagerly anticipated by investors. According to economists surveyed by Dow Jones, it is anticipated to reveal that the U.S. economy added 214,000 jobs last month, up from 12,000 positions in October. The unemployment rate increased from 4.1% to an expected 4.2% in the previous month.The employment report is significant since it will be the last analysis of the labor market before the Fed's meeting on December 17–18, when officials will make the decision to hold or lower interest rates. Investors will be eagerly watching Federal Reserve Chairman Jerome Powell's speech in New York on Wednesday, where he will participate in a moderated discussion, for hints regarding interest rate policy. In other news, French parliamentarians are set to pass a vote of no confidence in Prime Minister Michael Barnier's shaky minority government on Wednesday.
FPIs Lower Paytm Stakes to Less Than 1%
OVERVIEW Tiger Pacific Master Fund owned 1.03% of the shares in the June quarter, UBS Principal Capital Asia owned 1.06%, and Societe Generale owned 1.98%. The company's total FPI ownership fell from 20.04% in the prior quarter to 16.77% in the September quarter. On the BSE, Paytm's shares closed Thursday's trading session 3.47% lower at INR 696.35.Tiger Pacific Master Fund, UBS Principal Capital Asia, and Societe Generale are among the foreign portfolio investors (FPIs) who have decreased their investments in Paytm.Paytm Datalabs_in-article-iconTiger Pacific Master Fund owned 1.03% of the shares in the June quarter, UBS Principal Capital Asia owned 1.06%, and Societe Generale owned 1.98%.These stakes dropped below 1% at the end of September, therefore they were not included in the most recent data that was made public.In the quarter that ended in September, the total FPI ownership in the business fell from 20.04% to 16.77%. Paytm has been contacted by Inc42 to provide feedback on the development. The response will be used to update the story.On the BSE, Paytm's shares closed Thursday's trading session 3.47% lower at INR 696.35.In the quarter that ended in September, the holdings of foreign portfolio investors (FPIs) Societe Generale, Tiger Pacific Master Fund, and UBS Principal Capital Asia in One 97 Communications fell below 1%. Due to general market weakness, Paytm's shares fell 3% intraday to a low of Rs 700 on the BSE.
F&O-banned stocks on July 15, 2024
On Monday, July 15, 2024, the National Stock Exchange (NSE) imposed a trading suspension on eleven equities in the futures and options (F&O) segment.These stocks were prohibited because their market-wide position limit (MWPL) exceeded 95%. These equities can still be traded in the cash market even though they are prohibited in the F&O segment.The list of securities subject to the F&O prohibition is updated on a regular basis by NSE. The following stocks are prohibited as of July 15:Aditya Birla Fashion and Retail Balrampur Chini Mills Bandhan Bank Chambal Fertilisers and Chemicals GMR Infra GNFC IEX India Cements Indus Towers Piramal Enterprises RBL BankDerivative contracts for these securities were included in the embargo period, according to the NSE, because they exceeded 95% of the MWPL. Clients and members may only trade in these assets' derivative contracts during this prohibition period in order to offset their positions and decrease their holdings. Any increase in available employment will be met with the proper legal and disciplinary measures. During the ban period, no new positions are allowed in the F&O contracts of stocks.
After a 20% gain in a month, will Wipro's stock reach its one-year highs again?
Wipro stock price: At Rs 530.70, the stock was last seen trading 3.07 percent higher. It has increased 19.54% at this pricing in the last month. The share price was down 2.82 percent from its 52-week high of Rs 546.10, which was reached on February 2 of this year, notwithstanding the aforementioned increase.Wipro Ltd.'s shares increased 4% on Monday to reach a high of Rs. 535.50. At Rs 530.70, the stock was last seen trading 3.07 percent higher. It has increased 19.54% at this pricing in the last month. The share price was down 2.82 percent from its 52-week high of Rs 546.10, which was reached on February 2 of this year, notwithstanding the aforementioned increase. "The relative value of IT equities appears advantageous when looking at it in the long run. Long-term investors may want to look into equities like Wipro," said WealthMills Securities Director of Equity Strategy Kranthi Bathini.Having said that, Bathini continued, "the upcoming quarterly results and guidance will be extremely crucial going forward." Support for the counter's technical configuration was visible in the Rs 500–490 area. Additionally, additional upside requires a firm close above Rs 545.Wipro has gained a lot of momentum after breaking beyond the Rs 500 barrier. On an intermediate perspective, the stock is ready to attempt the recent swing high of Rs 545. It would be important to keep an eye on the counter for a breakout above the indicated zone, as this might lead to significant traction in a similar amount of time. Any short-term hiccup is probably to be cushioned on the lower end by Rs 500–490, according to Osho Krishan, Senior Research Analyst, Technical & Derivatives at Angel One.
Sebi removes the framework for fininfluencers and raises worries about F&O bets using borrowed funds.
Sebi, the capital markets regulator, agreed on Thursday to oversee financial influencers, or finfluencers, in response to mounting apprehensions about the risk these individuals may pose.Amid mounting worries about possible risk connected with such individuals, capital markets watchdog Sebi agreed on Thursday to oversee financial influencers, or finfluencers.Concerns about the macroeconomic ramifications of individual investors' speculative wagers in the futures and options (F&O) segment were also voiced by chairperson Madhabi Puri Buch. She said that the Sebi had established an expert working group to investigate why people were borrowing money and why household savings were drying up as a result of these bets.
Prices of gold and silver as of June 17, 2024 Verify the most recent prices in your city.
The current prices for gold and silver are as follows: In Delhi, 10 grams of 24 carat gold cost Rs. 73663.0, while one kilogram of silver cost Rs. 88100.0.Prices of Gold and Silver Today: On Monday, the price of gold slightly declined. The price per gram of 24 carat gold is Rs. 7366.3, which is Rs. 503.0 less. 22 carat gold is now available for Rs.6747.5 per gm, a decrease of Rs. 461.0.In the past week, the price of 24 carat gold has changed by -0.96%. when it was 2.21% during the previous month.The price of gold in Delhi right now is ₹73663.0/10 grams. As of today, June 16, 2024, the price of gold was ₹73735.0/10 grams. and on November 6, 2024, the price of gold was ₹73027.0/10 grams last week.Delhi's Silver Price The current price of silver in Delhi is ₹88100.0/Kg. The price of silver last week was ₹89110.0/Kg, and the rate was ₹88010.0/Kg yesterday, June 16, 2024. Chennai's Gold PriceIn Chennai, the price of gold is currently ₹73160.0/10 grams. As of today, June 16, 2024, the price of gold was ₹73806.0/10 grams. and on November 6, 2024, the price of gold was ₹73169.0/10 grams last week.In Chennai, the price of gold is currently ₹73160.0/10 grams. As of today, June 16, 2024, the price of gold was ₹73806.0/10 grams. and on November 6, 2024, the price of gold was ₹73169.0/10 grams last week.Chennai's Silver Price The current price of silver in Chennai is ₹88100.0/Kg. The silver rate for yesterday, June 16, 2024, was ₹88010.0/Kg, and the price for last week, June 11, 2024, was ₹89190.0/Kg.Mumbai's Gold Price Mumbai's current gold price is ₹73806.0/10 grams. As of today, June 16, 2024, the price of gold was ₹73950.0/10 grams. and on November 6, 2024, the price of gold was ₹72884.0/10 grams last week. Mumbai's Silver Price The current price of silver in Mumbai is ₹88100.0/Kg. The price of silver last week was ₹89110.0/Kg, and the rate was ₹88010.0/Kg yesterday, June 16, 2024.Mumbai's Silver Price The current price of silver in Mumbai is ₹88100.0/Kg. The price of silver last week was ₹89110.0/Kg, and the rate was ₹88010.0/Kg yesterday, June 16, 2024.Kolkata's Gold Price Kolkata's current gold price is ₹73016.0/10 grams. As of today, June 16, 2024, the price of gold was ₹73088.0/10 grams. and on November 6, 2024, the price of gold was ₹73098.0/10 grams last week.
Market holiday today NSE and BSE will be closed in observance of Bakra Eid
Today is a stock market holiday. The websites of the BSE and NSE state that the Indian stock market will reopen for regular trading on Tuesday, June 18 at 9:15 am, after a fifteen-minute pre-opening session that began at 9:00 am.June 2024 stock market holiday, Bakra Eid holiday: Is today's stock market closed? The capital and money markets in India will be closed today in observance of Bakra Eid (Bakrid). Tomorrow, June 18, will see the return of trading in the forex market as well as the stock, derivatives, securities lending and borrowing (SLB), and currency derivative segments on the bourses BSE and NSE. The BSE and NSE websites state that the Indian stock market will reopen for regular trading on Tuesday, June 18 at 9:15 a.m., after a fifteen-minute pre-opening session that began at 9:00 a.m.For the morning session, Multi Commodity Exchange of India Limited (MCX) would be closed. The trading window will reopen in the evening, with trading hours being 5 p.m. until 11:30/11:55 p.m.
Due to global cues, Sensex and Nifty open poorly analysts warn of overbought signals
Nifty, Sensex, and Stock Prices LIVE: Due to conflicting global cues, the Indian main indices, the Sensex and Nifty, began sluggish on Tuesday. The NSE Nifty dropped 9.55 points to 23,249.65, while the BSE Sensex declined 84.32 points to 76,405.76). The market's confidence was observed by analysts as a result of the major portfolios' continuity, especially with Nirmala Sitharaman serving as Finance Minister. After seeing the market's dramatic V-shaped rebound, Ruchit Jain of 5paisa.com recommended that any corrections be viewed as a necessary component of the uptrend. Following the portfolio allocation, attention now turns to policy initiatives of various government ministries. But worries about possible populist policies surface. UBS India Chief Economist Tanvee Gupta Jain emphasized the importance of a broad-based capital expenditure recovery. The India VIX dropped by 2.71 points.Stock Market Today| Share Market Live Updates - Get all the latest information on the Indian stock markets, share prices, Sensex, Nifty, BSE, and NSE for June 11, 2024, right here.
Uncertain about which stocks to purchase following the election results? Why not purchase the whole Nifty
Citing a low expense ratio and outperformance of traditional mutual funds, analysts advise long-term benefits from investing in Nifty 50 ETFs in systematic withdrawal plan (SIP) mode. Nifty 50 ETFs continue to have a promising long-term outlook, notwithstanding recent volatility.Given the unpredictable behavior of the stock market after the BJP, led by Prime Minister Narendra Modi, was upset in the elections, analysts suggest starting SIP investments in Nifty 50 ETFs."ETFs provide investors with the best of both worlds by having a low expense ratio and the ability to liquidate the funds, much like listed securities." Furthermore, even while there may be some short-term volatility in the market, Nifty 50 ETFs continue to have a promising long-term outlook. This is because, over time, a sizable portion of ETFs typically outperform conventional mutual funds," stated Shruti Jain, CSO of Arihant Capital.Following a 6% decline following the election results, the Nifty 50 hit an all-time high on Monday and is currently beginning to recover. The average return of the Nifty 50 ETF during the previous five and ten years has been approximately 14.68% and 12.70%, respectively. These results suggest that investing at any time will yield favorable long-term returns."The Nifty 50 ETF is a great long-term investment vehicle. The Nifty 50 ETF enables you to invest in and diversify your holdings across the top 50 NSE stocks based on market capitalization. These stocks have a high degree of liquidity and low volatility, which implies that there is a lot less danger when making long-term investments in them. Although market fluctuations are inevitable, the Nifty 50 ETF has long displayed an upward trend. Kotak Mutual's Satish Dondapati is an ETF fund manager.
June 4, 2024, Lok Sabha election results: Buying stocks, trading strategies, and advice for stock market investors
Investors prepare for the expected impact on the stock market on June 4, 2024, as India eagerly anticipates the announcement of the Lok Sabha election results. The results of the general elections have historically had a big effect on the stock market. It won't be any different this year.On June 4, 2024, how should stock market investors trade? Some pointers and advice to bear in mind on Tuesday when trading.There is usually more volatility in the stock markets on the day after election results. This tendency was made abundantly clear on May 23, 2019, when the National Democratic Alliance's (NDA) dominant lead caused the Sensex to leap to a record high of 40,000 points. The joy, though, was fleeting as the index fell 298 points later in the day to conclude at 38,811 points.Similarly, upon the publication of the Lok Sabha election results for 2014, on May 16, the Sensex reached an unprecedented peak of 25,000 points, signifying a significant historical event."If the Bharatiya Janata Party (BJP) alone secures somewhere between 272-290 seats, we may observe short-term profit booking in the market before the rally continues," says Yashovardhan Khemka, Senior Manager, Research & Analytics at Abans Holdings. "A higher-than-projected number of seats will lead to gains.""Long-term investors should continue to make significant investments until when the final findings are revealed, notwithstanding the current increased volatility. Yashovardhan Khemka continues, "In the meantime, short-term traders might find opportunities because of the market fluctuations."He lists some of the industries that are anticipated to benIn the Lok Sabha elections of 2024, the National Democratic Alliance (NDA) is predicted to win roughly 370 seats based on the average of all exit polls. "The triumph of BJP is a positive sign for the economy and capital markets since it offers stability and continuity in policymaking with a majority administration led by a single party," states Motilal Oswal in response to the announcement of the exit polls. According to Motilal Oswal, its model portfolio is still in line with the main domestic cyclical themes against a consistent backdrop of profits growth. "The four main investing themes they like are industrials, consumer discretionary, real estate, and PSU banks," it states.efit: infrastructure, defense, capital goods, public sector units (PSUs), and autos.
Sensex and Nifty move higher on global cues, but analysts predict a dull day.
Nifty, Sensex, and Stock Prices LIVE: In contrast to the poor international markets, the Indian benchmark indices, the Sensex and Nifty, were trading higher on Friday. Fears over the election results and unfavorable sentiment throughout the world have caused a five-day fall in the home market. The NSE Nifty increased by 104.70 points to 22,593.35, while the BSE Sensex traded 396.07 points higher at 74,281.67 at 9:55 a.m. Asia-Pacific equity markets began the year with a bright outlook, despite the US market's downward trajectory. The general election has now taken center stage, with results expected on June 4 and the final round set for this Saturday. This Saturday night's announcement of exit polls will impact markets the following week. The market on Friday is predicted by analysts to stay drab, with continued selling by overseas investors being a cause for concern. Nifty rollovers in futuresStock Market Today| Live Updates on the Share Market - Get all the latest information on the Indian stock markets, share prices, Sensex, Nifty, BSE, and NSE for May 31, 2024, right here.
Tata-Steel-announces-dividend-of-360-per-share-check-record-date-and-other-details
Along with the financial results for the fourth quarter, Tata Steel announced on Wednesday that the board has recommended a final dividend of ₹3.60 per share, or ₹1 apiece. The company stated in an exchange filing that it has "recommended a dividend of ₹3.60 per Ordinary (Equity) Share of face value ₹1/- each (360%) to the shareholders of the Company for FY2023-24." The consent of shareholders is required for the announced dividend. "The recommended dividend by the Company's Board of Directors is contingent upon shareholder approval at the upcoming Annual General Meeting (AGM) of the Company, which is slated to take place on Monday, July 15, 2024," the statement continued. The dividend will be paid on Friday, July 19, 2024, subject to the deduction of appropriate tax at source, if authorized by the shareholders at the AGM. The final dividend record date has been set by the corporation for July 21, 2024. The statement read, "The Board has fixed Friday, June 21, 2024, as the Record Date for determining the Members entitled to receive the dividend for the financial year ended March 31, 2024, in accordance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015." On Wednesday, Tata Steel said that its consolidated net profit for the quarter ended in March 2024 had decreased by 64% to ₹611 crore from ₹1,705 crore in the corresponding period the year before. This profit amount was less than the ₹991 crore prediction made by D-Street. Furthermore, the reporting quarter's operating revenue dropped by 7% on an annual basis to ₹58,687 crore. A plan to subscribe for equity shares in one or more tranches during FY25, with the goal of infusing up to $2.11 billion (₹17,407.50 crore) into the company's wholly owned foreign subsidiary, T Steel Holdings Pte Ltd, has been approved by the board of directors. "Higher volumes in India helped Tata Steel's consolidated sales for FY2024 to come in at about $27.7 billion. With a consolidated EBITDA of ₹23,402 crores, the EBITDA margin is approximately 10%. India's EBITDA climbed by 10% year over year to ₹31,057 crores.
The building of nuclear reactors with EIB financing is still off the table.
May 24, 2024 The sector is still waiting on fresh funding from the European Investment Bank (EIB) to support its planned expansion, even though a leaked copy of the bank's roadmap revealed nothing new or substantial regarding nuclear financing.In response to the leak, Yves Desbazeilles, Director General of NuclearEurope, the Brussels-based society for the defense of nuclear power, told CarbonPulse last week that "the European Investment Bank is open to financing for nuclear."The EIB does state that it will assist "R&D for small modular reactors (SMRs)" in the paper outlining its work plan for 2023–2027. Desbazeilles contended that the revised statement leaves open "several other" options for EIB funding, including building reactors; however, no such mention appears to be present in the final language.The references in the document, according to a number of industry observers who spoke with Euractiv, are no more important than those in the existing roadmap (2021–2025), which already specifies R&D assistance for nuclear fission and fusion but says nothing about energy generation.neutrality towards technology Since European Commission President Ursula von der Leyen spoke favorably of the technology during the Nuclear Summit (NES) in Brussels in March 2024, financing nuclear power has been a hot topic in Brussels. The nuclear sector, together with a number of national governments, has been pushing the EIB to boost nuclear power in recent months.
Sensex up 240 points, Nifty above 22,650; gains for banks, metal, and pharmaceuticals
IRFC, Rail Vikas Nigam, Cochin Shipyard, Bharat Electronics, and Go Digit are some of the most actively traded stocks on the NSE, according to Sensex Today | Stock Market LIVE Updates.Share Market Today Live Updates: Stay up to date on your favorite firms' stock movements by subscribing to Mint's market blog. You can stay up to date on everything Dalal Street and international markets with this blog. Live updates for today's share market: Watch the market summary for today! Follow the fluctuations of the Sensex and Nifty 50, as well as the top gainers and losers. View the performance of the US and Asian markets as well as the leading (or declining) sectors. Take a look at Mint's market blog to get up-to-date information about your favorite businesses. You can stay up to date on everything Dalal Street and international markets with this blog.
Share Market Live Updates for May 21, 2024: The Unexpected Stocks That Turned Into a Hot AI Bet
Live updates for today's share market: Watch the market summary for today! Follow the fluctuations of the Sensex and Nifty 50, as well as the top gainers and losers. View the performance of the US and Asian markets as well as the leading (or declining) sectors. Take a look at Mint's market blog to get up-to-date information about your favorite businesses. You can stay up to date on everything Dalal Street and international markets with this blog.Live updates on IPO news today: India's equity market is poised for another record-breaking year thanks to the IPO frenzy. A number of well-known businesses and startups, such as Swiggy, Ola Electric, Hexaware, and Tata Capital, are getting ready to go public in 2024–2025. The number of initial public offerings (IPOs) in FY25 is anticipated by investment bankers to be double that of FY24, with a number anticipated to surpass $1 billion.
Current Markets: Live Updates for Today May 17, 2024 Gold prices rise for a second week in a row, while silver hits an 11-year high.
Share Market Today Live Updates: Stay up to date on your favorite firms' stock movements by subscribing to Mint's market blog. You can stay up to date on everything Dalal Street and international markets with this blog.Live updates for today's share market: Watch the market summary for today! Follow the fluctuations of the Sensex and Nifty 50, as well as the top gainers and losers. View the performance of the US and Asian markets as well as the leading (or declining) sectors. Take a look at Mint's market blog to get up-to-date information about your favorite businesses. You can stay up to date on everything Dalal Street and international markets with this blog.Spot gold increased by 0.9% to $2,396.81 an ounce at 1304 GMT. Since Thursday, when prices reached a one-month high, gold prices have increased by 1.5% this week. Meanwhile, June delivery gold futures in the United States ended 0.4% down at 2385.50 an ounce.May 17, Reuters With renewed expectations for U.S. interest rate reduction, gold prices, helped by China's stimulus efforts, appeared set to record their second consecutive weekly increase on Friday. Silver broke through the $30 barrier to reach an 11-year high.By 1745 GMT, spot gold had increased 1.5% to $2,412.83 an ounce, drawing closer to the record high of $2,431.29 reached on April 12.The closing price of US gold futures was $2417.40 per ounce, up 1.3%."Despite (an increase in) the dollar and rates, gold is rising. Bart Melek, head of commodity strategies at TD Securities, stated, "I believe that in this case, the stimulus from China has been helpful because we're also seeing other (base) metals do very well."China, a significant buyer of both gold and industrial metals, announced "historic" moves to stabilize the crisis-hit real estate sector, which helped to bolster the market. This week, spot gold prices have increased by more than 2%. The London Bullion Market Association (LBMA) said that the benchmark for London gold prices concluded the week at a record high of $2402.60-per troy ounce for gold. "Ultimately gold is responding to the idea that U.S. inflation is probably under control ... any talk of a prolonged period of high interest rates is going to be mitigated," Melek stated. Traders anticipate that the Fed will drop interest rates twice this year, most likely starting in November. FEDWATCH
