Nifty ends below 24,550; Sensex drops 102 pts; VIX jumps 4% (22-07-2024)
As per provisional closing, the barometer index, the S&P BSE Sensex, was down 102.57 points or 0.13% to 80,502.08. The Nifty 50 index shed 21.65 points or 0.09% to 24,509.25.
Rupee ends little changed after touching record low; budget in focus (22-07-2024)
The Indian rupee closed nearly unchanged against the U.S. dollar, hitting an all-time low earlier in the session. Despite healthy portfolio inflows, the currency remains under pressure.
Balancing growth and green goals a tightrope walk for India: Economic Survey (22-07-2024)
The document stressed the critical role of non-fossil fuel sources in meeting India's Nationally Determined Contributions (NDCs) and Net Zero goals. However, it also pointed out the challenges associated with renewable energy, including intermittency issues, waste management concerns for nuclear and solar technologies, and the potential impact of biofuel production on food security.
Dilip Buildcon – The best-in-class execution! (22-07-2024)
- good revenue visibility for this year , should aggressively bid for projects that govt looks to accept bids for the first 100 days , and election year is going behind so order inflow should only increase
- debt reduction , reducing finance cost
- overall govt focus on infra, TDP led andhra to mostly receive large `infra package and alliance should remain committed to the sector
- reasonable valuations on dips to accumulate as well
key risks - execution risk
- slowness in debt reduction might lead to back ended value unlocking
- lack of clarity on the overall business mix and how that will emerge in the next 5 years , due to the coal business
RNFI Services IPO: Check issue size, price band, GMP and other details (22-07-2024)
Short covering occurs when investors buy shares to offset existing short positions, indicating a shift from pessimism to optimism in market sentiment.
Kataria Industries IPO: Allotment status today, GMP, likely listing price (22-07-2024)
Kataria Industries IPO allotment status: The unlisted shares of Kataria Industries are currently trading at a premium of Rs 70
Meeting mechanics and masons is just theatrics, Rahul Gandhi flies Emirates First Class, says BJP sharing his video (22-07-2024)
The BJP criticised Rahul Gandhi for alleged hypocrisy, sharing a video suggesting he travels in Emirates First Class while presenting himself as a champion of the poor. BJP media in-charge Amit Malviya accused Gandhi of duplicity, contrasting his public persona with his luxurious lifestyle. Gandhi recently met Indian Railways loco pilots, addressing their concerns about inadequate rest and working conditions.