Sep 05, 2024, 3:22 pm IST
EaseMyTrip Shares In Focus
EasyMyTrip.com, a prominent online travel technology platform in India, has announced its entry into the electric bus manufacturing industry via Easy Green Mobility, a new subsidiary. Easy Green Mobility will be the manufacturer of EV buses, and its operational arm will be YoloBus, another EaseMyTrip arm.
Sep 05, 2024, 2:49 pm IST
PTC Industries Shares In Focus
Israel Aerospace Industries (IAI) placed an order on Thursday with Aerolloy Technologies Limited, a wholly-owned subsidiary of PTC Industries, for the supply of titanium-cast components for aerospace applications.
Sep 05, 2024, 2:42 pm IST
Gold: steady as US job data loom
Praveen Singh – Associate VP, Fundamental Currencies and Commodities, Sharekhan by BNP Paribas said, Spot gold is currently trading nearly 0.25% higher around 04. Yesterday, it closed with a minor gain of 0.11% at 95 as the US JOLTs openings data (July) lagged the forecast. JOLTs openings came in at 7673k, the lowest since the start of 2021, Vs the estimate of 8100k. June openings data was revised sharply lower as the number of layoffs rose to 1.76 million, the highest since March 2023. The number of vacancies per unemployed worker fell to 1.10, a three-year low. Although the outside markets were mostly weaker as crude oil tumbled to nine-month low, traders are still somewhat sceptcical about the JOLTs data due to low response rate in the survey. Gold is expected to trade range bound ahead of the weekly jobless, US ADP employment change and ISM services data to be released today. Upcoming Friday's nonfarm payroll data will also be crucial as these data are likely to set the pace of the Fed rate cuts. Support is at 70/50. Resistance is at 07/32/50. Dip buying is the preferred strategy in near term.
Sep 05, 2024, 1:49 pm IST
Bank of Baroda (BOB) Hikes Fixed Deposit (FD) Rates By 10-25 Bps
The top public sector lender in India, Bank of Baroda (BOB), has raised interest rates on fixed deposits of less than Rs 3 Cr. in observance of Teachers' Day. This time, the bank has increased interest rates across a variety of tenures by 10 to 25 basis points. BoB is now providing a maximum return of 7.30% to the general public and 7.80% to elderly individuals with 399 days of tenure, as a result of the modification. The revised FD rates take effect on September 5, 2024, according to the bank's official website.
Sep 05, 2024, 12:31 pm IST
Check Latest Gold Prices After 2% Drop From All-Time High
Gold prices in India today stayed steady as US gold prices remained slightly changed on Thursday. Meanwhile, traders refrained from making big bets ahead of US payroll data that may offer more clues on the size of a likely rate cut later in September. 22k gold price today stood at Rs 66,690/10 grams and 100 grams of 22 carat yellow metal prices today are retailing at Rs 6,66,900. 24k gold prices today in India remained steady at Rs 72,760/10 grams and 100 grams of 24 carat precious metal prices today in the country stood at Rs 7,27,600.
18k gold prices today remained stable at Rs 54,560/10 grams and 100 grams yellow metal prices today remained unchanged at Rs 5,45,60. 1 gram gold rate today for 22k gold prices stood at Rs 6,669 and 1 gram gold price today for 24k gold remained steady at Rs 7,276. 1 gram gold price today for 18k gold remained neutral too at Rs 5456.
Sep 05, 2024, 12:30 pm IST
RailTel Corporation Bags New Order From Northern Railways
Navratna public sector undertaking RailTel Corporation of India Ltd today received order from Northern Railways for Railway Telecom Project amounting to Rs. 10,92,47,304/-. Current market price of RailTel Corporation of India Ltd shares on BSE is Rs 494.20 per share. RailTel Corporation shares have already surged 208.5% from 52-week low price of Rs 200.30 that the stock hit on October 9, 2024. RailTel Corporation shares offered attractive return of 114% in last 1-year.
RailTel Corporation Bags New Order: As per the regulatory filing of RailTel Corporation issued on September 5, 2024, “Pursuant to Regulation 30 read with Part A (B) of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that RailTel Corporation of India Ltd. (“the Company”) has received the work order from Northern Railways for Railway Telecom Project amounting to Rs. 10,92,47,304/-.”
Sep 05, 2024, 11:23 am IST
Auto Sector Faces Headwinds
Domestic indices started Thursday's trading session on a positive note, bucking the trend of a weak global market. While the Nifty Bank index is currently outperforming, the auto sector is facing pressure, with major players like Bajaj Auto down by 0.15%, Maruti Suzuki losing 0.64%, and Tata Motors declining by 0.27%. However, some other companies in the auto sector, such as TVS Motors, Eicher, Bosch, and Hero MotoCorp, are experiencing gains.
Sep 05, 2024, 10:49 am IST
Teachers’ Day 2024: 6 Investment Lessons From Ace Investor Rakesh Jhunjhunwala
Veteran investor Rakesh Jhunjhunwala passed away on August 14, 2022 due to sudden cardiac arrest but left behind a legacy filled with key lessons for scores of investors. He started his journey in share market with a mere Rs 5000 investment in 1985. He used to hear his father's discussion about share market with his friends and soon developed keen interest. His father encouraged him to read newspaper regularly to find about the trends of stock market.
Sep 05, 2024, 10:33 am IST
No Movement Observed In Gold Prices In India On 5th September
The gold prices in India today are Rs. 72,760/- per 10 grams for 24-carat gold and Rs. 66,690/-for 10-grams of 22-carat yellow metal. Gold rates in India today experienced no change in prices after a marginal decline yesterday in pure and standard gold variants.
Sep 05, 2024, 10:13 am IST
TAAG Angola, Partners With AirGain To Elevate Competitive Positioning In The Global Market
RateGain Travel Technologies Limited (RateGain), a global provider of SaaS solutions for travel and hospitality, announced today that TAAG Angola Airlines E.P., Africa’s premier airline with 70 years of operation, has chosen AirGain, an airline revenue management product by RateGain, to gain real-time competitive insights. This partnership enables TAAG Airlines to make informed pricing decisions for both domestic and international markets.
Sep 05, 2024, 9:55 am IST
AU Small Finance Bank Gets Goldman Sachs Upgrade
AU Small Finance Bank share price surged by nearly 2% after global brokerage, Goldman Sachs stated that the lender is ready for the next innings. The foreign broker sees 21% potential upside in the stock.
Sep 05, 2024, 9:33 am IST
Sensex, Nifty In Green
Sensex and Nifty opened in green, however, the upside came in at a slower pace. This is due to mixed global cues. Bank Nifty gains by 125 points. Media stocks are top gainers, while mid-small healthcare stocks shine as well.
Sep 05, 2024, 9:33 am IST
Top Gainers And Losers of Opening Bell
Ultratech Cement, Tata Steel, Titan, ITC, and JSW Steel are top bulls. While Nestle, Bharti Airtel, Bajaj Finserv, Sun Pharma are top bears.
Sep 05, 2024, 9:32 am IST
Nifty Trades At Crucial Levels
Aiyub Yacoobali, Chairman and Managing Director of South Gujarat Shares And Sharebrokers: After witnessing supply pressure, Nifty managed to hold support zone of 25097 – 25044. Fresh supply pressure possible only if nifty manages to trade below this zone. Whereas on upward side 25256 – 25312 will act as major resistance zone. Fresh rally only above this zone. Nifty trading at crucial level, either side breakout possible. Trading below 25097 – 25044 will see supply upto 24914 – 24792. Whereas on upward side 25256 – 25312 above rally possible upto 25446 – 25543.
Sep 05, 2024, 9:12 am IST
Rupee Nears 84 Mark Against Dollar
The Indian rupee traded very close to the 84 mark against the US dollar. In the early trade of Thursday, at the interbank forex market, the rupee ranged between 83.963 and 83.989 against the US dollar. Currently, the local currency is at 83.98 per dollar. The performance comes amid the strengthening in the dollar, a mixed global market. However, the rupee refrained from touching 84 levels after India’s services PMI strengthened to 60.9 in August 2024, better than market estimates.
Sep 05, 2024, 9:04 am IST
What Will Drive Indian Market Today?
Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services: Stability in US markets sets the tone for the resumption of rally in India. But there is no room for a breakout taking the benchmark indexes to much higher levels. Higher levels will attract FII selling which will keep the rally moderate. On this Teachers Day investors should learn from the great teacher, the market. The important learning from the market is that wealth is created through sound investment in the long run. In the present context of elevated valuations, investors should refrain from aggressive investment in poor quality stocks. The ideal strategy should be to buy high quality stocks on declines and wait patiently. Banking stocks, whose valuations remain depressed due to the credit-deposit mismatch and the consequent concern over profitability, offer good contrarian buying opportunity for long-term investors.
Sep 05, 2024, 8:25 am IST
Bank Of Canada Rate Cut
The Bank of Canada reduced its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%. The Bank is continuing its policy of balance sheet normalization.
Sep 05, 2024, 8:10 am IST
RIL Bonus Issue In Focus
India's largest stock in terms of market valuation, is going to consider and most likely approve bonus issue on September 5, 2024. This is none other than India's richest man, Mukesh Ambani-backed Reliance Industries who is the largest company in the country. Reliance's board is set to meet on Thursday, and accordingly, the heavyweight stock will be in focus. Here are five key things to know ahead of the board meeting:
Sep 05, 2024, 8:08 am IST
Market Previous Day
The Sensex and Nifty 50 ended their 14-day winning streak on Wednesday, September 4, reflecting the impact of weak global cues and profit booking in major heavyweights. The BSE Sensex closed 203 points lower, settling at 82,353 after a volatile trading session. The Nifty 50 mirrored this trend, dropping by 81 points to close at 25,199.
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