Sensex, Nifty close at record high, Adani Enterprises gains over 8%
The S&P BSE Sensex settled 1.61% higher at 75,418.04, marking its highest closing level ever, while NSE Nifty50 gained 1.64% to close at a record 22,967.65. Key Points
India TodayNo Monday Blues! Nifty50 hits fresh record high, Sensex surges 500 points
Indian equity indices surged on Monday, with Nifty50 hitting a record high. Several top companies gained in early trade, and sectoral indices showed positive trends. Experts expect sustained bullish momentum with a focus on largecaps for potential growth. Key Points
Economic TimesSensex, Nifty end higher in volatile trade; Q3 GDP in focus
The S&P BSE Sensex was up 195.42 points to 72,500.30 at the closing bell, while the NSE Nifty50 settled 31.65 points higher at 21,982.80. Key Points
India TodayEPFO plans to set up actuary, hire more staff
EPFO plans to overhaul its pension division by setting up an in-house actuary and hiring more staff due to the increased workload from the Supreme Court's order on higher pensions. The retirement fund body may ask exempted establishments to pay for administrative charges. The EPFO has received 1.74 million applications for higher pension validation, with 1.17 million pending. Key Points
Economic TimesBumper tech earnings buoy stocks as US jobs surprise hits bonds
By Naomi Rovnick and Dhara Ranasinghe LONDON (Reuters) -Bumper tech earnings supported world stocks on Friday, even as overwhelmingly strong U.S. jobs data lowered expectations of how much the Federal Key Points
ThePrint
Rs 3 lakh cr added! Sensex soars 700 points as bulls return after 3-day hiatus
Indian equity markets rebounded led by banking, energy, and IT stocks. BSE Sensex rose 700 points, Nifty crossed 21,650. Top gainers were Tech Mahindra, Wipro, NTPC, Infosys, Axis Bank, and HCL Tech. Nifty IT and Nifty Financial Services surged. Polycab India and Shoppers Stop shares declined. Results of Reliance Industries, HUL and Ultratech Cement are awaited. Key Points
Economic TimesDollar dips after soft US inflation data, Aussie, New Zealand dollars outperform
By Karen Brettell NEW YORK (Reuters) - The dollar index gave up earlier gains and higher beta currencies, including the New Zealand and Australian dollars, outperformed on Friday after U.S. producer Key Points
ThePrintStocks ease, yields inch up ahead of US inflation data, earnings
By Caroline Valetkevitch NEW YORK (Reuters) -Global stock indexes mostly dipped and Treasury yields edged higher on Tuesday, with investors bracing for key U.S. inflation data this week and the start Key Points
ThePrintSensex rises 400 points tracking global market mood; Nifty above 21,550
From the Sensex pack, UltraTech Cement, Power Grid and Tata Motors were the top gainers, rising over 1% each. JSW Steel, Infosys, Tata Steel, and L&T also opened higher. On the other hand, only HDFC Bank and Sun Pharma opened lower. Key Points
Economic TimesIndian stock market: 7 things that changed for the market overnight - Gift Nifty, India’s CAD, weak dollar to oil prices
Indian stock market: Asian markets traded higher while the US shares gained overnight as investors’ sentiment remained upbeat on cooling inflation and rising bets of lower interest rates. The dollar sank near a five-month low. Key Points
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Indian shares set to open higher; focus turns to Fed policy
India's benchmark Nifty 50 is set to open higher on Wednesday, as the focus turns to the U.S. Federal Reserve's policy decision, while domestic and U.S. data re-ignited inflation concerns and elevated bets of delay in rate cuts. Key Points
ReutersWall Street subdued, gold slides ahead of CPI, Fed
By Stephen Culp NEW YORK (Reuters) -U.S. stocks were muted and gold slid on Wednesday, as investors bided their time ahead of crucial inflation data and the U.S. Federal Reserve's monetary policy Key Points
ThePrintSuniel Shetty didn't study 'beyond bachelor's,' says education could have helped
Suniel Shetty shared how having a higher education would have helped him. He also mentioned a few points that ‘would have made him better at certain aspects.’ | Trending Key Points
Hindustan TimesStay bullish, just calibrate risk by staggered buying: 4 smallcap stocks with upside potential of up to 38
Lower oil prices, softer inflation, better than expected GDP numbers and now higher probability of continuation of policies post election 2024. There are multiple reasons for small caps to stay in the focus of investors. But whatever the condition or tailwinds, one basic principle should never be forgotten. When it comes to equity as an asset class, small caps are always the riskiest place to take exposure so always be caution. Now, on the other hand, if one is able to find the right small stock at the right time, gains are much higher. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market. Key Points
Economic TimesSensex, Nifty end higher ahead of Q2 GDP data; UltraTech Cement rises 3%
The S&P BSE Sensex ended 86.53 points higher at 66,988.44, while the NSE Nifty 50 settled 36.55 points higher at 20,133.15. Key Points
India Today
Corporate debt servicing improves despite higher interest cost
Despite a 60 basis point (0.60 percent) increase in policy rates between September 2022 and September 2023, corporate debt servicing, as measured by the interest coverage ratio (ICR), improved from 4.49 in September 2022 to 5.64 in September 2023. This suggests that higher lending rates have not negatively impacted the debt-servicing capacity of Indian firms. The interest coverage ratio is a measure of a firm's ability to service its debt. Key Points
Economic TimesIndia's Apollo Tyres beats Q2 profit view on higher auto sales
Indian tyre maker Apollo Tyres Ltd. (APLO.NS) reported a better-than-expected second-quarter profit on Tuesday, boosted by higher auto sales and lower input costs. Key Points
ReutersIndia's Alembic Pharma Q2 profit roughly in-line with estimates
India's Alembic Pharmaceuticals (ALEM.NS) on Tuesday reported second-quarter profit roughly in line with estimates, as higher sales in its domestic and overseas markets offset a jump in expenses. Key Points
Reutershigher for longer: Why are central banks keeping interest rates elevated?
During the Covid crisis, governments and central banks slashed interest rates and pumped in huge amounts of money to revive their economies. But as activity resumed and pent-up demand burst out, the excess money caused high inflation, which has stubbornly refused to return to official targets. Key Points
Economic TimesBBVA's Q3 net profit rises 13% boosted by Spain and Mexico
Spain's BBVA (BBVA.MC) on Tuesday posted a 13% rise in third-quarter net profit rose 13% buoyed by higher lending income in its main markets, Spain and Mexico. Key Points
Reuters
Bears Growl! Sensex tanks 600 points, gives up 64,000; Nifty tests 19,100
Among Sensex stocks, NTPC was the worst performer, followed by Infosys, Bharti Airtel and ITC. On the other hand, Tata Steel, Nestle India, SBI and Asian Paints were the only gainers. All sectoral indices traded in the green, with Nifty Metal craking the most, down over 2%. Realty index also tanked over 1.5% in the afternoon session. Key Points
Economic TimesBlow-out U.S. jobs growth buoys dollar, hits stocks and bonds
By Herbert Lash and Huw Jones NEW YORK/LONDON (Reuters) -A blowout U.S. jobs report on Friday sent the dollar higher and cast a pall over stocks and bonds as the data increased fears that interest Key Points
ThePrintCautious on IT services and consumer staples stocks; see opportunities in 3 sectors: Rana Gupta
“Our base case is that crude oil remains over $90-100. But if you are looking for a more medium term view, we quite like the non-ferrous space because given the transition happening in the global economy towards the renewable and EV space, it is quite positive for copper and aluminium.” Key Points
Economic TimesAsia stocks mixed as investors grapple with higher rates
By Julie Zhu HONG KONG (Reuters) - Asia stocks traded mixed on Wednesday and benchmark U.S. Treasury yields were near multi-year highs, as investors sour on both stocks and bonds amid worries about Key Points
ThePrintOnce the technical selling is over, Jio Financial will go much higher: Chakri Lokapriya
The price discovery will happen once this technical selling is over. I still strongly believe that it starts off the race in a very strong place with strong capital which is the number one requirement for any NBFC. So, which means I think over time, it will actually see a re-rating of the multiples which on a fair value basis is hardly about a couple of times book value where it should trade much higher given its NIMS will be much higher. Key Points
Economic Times
Gift Nifty, Asian markets gain following rally in US stocks; check out key global cues for Indian stock market
In the US, strong results from banks helped Dow Jones register its seventh-straight session of gains, its longest streak since March 2021. The index closed at its highest level since April. 2022 Key Points
minthigher EPS pension application: Only these 3 documents are required for you to complete your application
The deadline for higher EPS 95 pension application is July 11 however many eligible members are still struggling with the online application process due to requirement of various documents to submit as attachment. Many changes and updates have added to the confusion as what is needed to be done for these attachments. We tell you about the most updated requirement of these attachments. Key Points
Economic TimesEPFO extends deadline to apply for higher EPS pension
The Employees Provident Fund Organisation (EPFO) has extended the deadline for the third time to apply for higher EPS from June 26, 2023 previously. The option to apply for higher EPS is available online on the member Sewa website and is available irrespective of whether the EPF account is held with the private trust or EPFO. Key Points
Economic TimesGlobal market: SGX Nifty, inflation to IIP data - key triggers for Indian stock market
Asian markets traded higher on Tuesday ahead of the US inflation data and Federal Reserve's policy meeting. Favourable domestic macroeconomic data is also likely to fuel optimism in Indian stock market. Key Points
mintIndia set to grow at 6.5% for rest of decade: CEA V Anantha Nageswaran
V Anantha Nageswaran said capital investment in the country will be higher in this financial year which will help India grow at 0.5 to one percentage point higher than that projected by various ratings agencies. Key Points
Economic Times
Nifty 50 could rise to 18700-18750, support at 18550; Bajaj Finserv, HDFC Life, Indigo among top stocks to buy
For Nifty and Sensex, 18550 and 62550 would be the trend decider level. As long as the Nifty and Sensex are trading above the same the uptrend formation is likely to continue. Key Points
FinancialexpressIndian stocks rise marginally after GDP numbers beat estimates
Indian stock markets opened Thursday's trade marginally higher and continued with positive momentum. At the time of writing this report, Sensex was 0.13 per cent or 81 points higher at 62,703 points, and Nifty 0.17 per cent or 32 points higher at 18 Key Points
Times Of Indiahigher EPS pension calculation: Know the extra amount you need to pay, returns you will get; should you go
EPFO has clarified many issues related to higher EPS pension computation especially for past missing contribution towards EPS on actual higher wages. However, the most crucial aspect which the eligible members want an answer is how much extra amount they will have to pay for higher pension and whether it will give them a good returns or not. Here's how you can go about it. Key Points
Economic TimesGlobal Markets: Wall Street set to open higher, European shares boosted by debt deal hopes
U.S. initial jobless claims data are due later in the session. Recent economic data has raised expectations that the Fed will keep interest rates higher for longer, with some investors betting another hike in June is not off the table. Key Points
FinancialexpressUK economy grows by 0.1% in first quarter of 2023
Output was 0.2% higher than a year earlier, the Office for National Statistics said. But GDP in March alone dropped 0.3%, compared with poll forecasts for it to hold steady. While industrial output and construction grew, the much larger services sector dropped 0.4%, reflecting weak car sales and retail, hurt by unusually rainy weather and high inflation. Key Points
Economic Times
higher EPS pension: Extra 1.16% to come from employer's, not employee's contribution; Impact on pension, E
It has been decided to draw 1.16 % additional contribution from within the overall 12% of the contribution of the employers into the provident fund, the Ministry of Labour & Employment stated in a press release issued on May 3, 2023. Key Points
Economic TimesGovernment extends date to opt for higher EPF pension to June 26
The Centre has extended the time to submit joint options to claim higher provident fund pension till June 26. The deadline to submit the applications was on May 3. Key Points
The HinduCentre extends time to submit joint options for higher PF pension till June 26
The Centre has extended the time to submit joint options to claim higher provident fund pension till June 26. The deadline to submit the applications was on May 3. Key Points
The HinduRange-bound Nifty likely to head higher; 2 top stock picks now: Mileen Vasudeo
We are seeing a time-wise correction over here and there is no clear trend at present. Markets are likely to head on the higher side. 17500-17450 is a strong demand zone. Similarly, Bank Nifty also has good support at 41,950-41,750 levels. But yes, we are seeing some time correction but eventually we are going to head higher. Key Points
Economic Timeshigher EPS pension: Is EPFO circumventing the SC order to apply for higher pension by putting impossible c
There seems to be no end to the challenges faced by the employees, who were in service on or after September 1, 2014, to ensure higher pension under EPS 95. Though EPFO has put in an online application link for employees to go for joint application with their employer however the have put in such conditions that a large number of employees may not be able to apply for higher pension. Key Points
Economic Times
EPFO ‘higher pension scheme’ deadline extended till…
The EPFO notified members of the deadline extension on the EPFO's Member e-SEWA portal. Individuals can apply for a higher pension online through the EPFO unified member portal. Key Points
Hindustan Timeshigher pension: 8,897 beneficiaries have applied online, says EPFO
Further, it has received 91,258 online applications from retired EPS members (prior to September 1, 2014 and whose options were not considered at that time) as on March 4. The EPFO, however, closed the option of online application for such retired EPS members on March 4, 2023. Key Points
Economic TimesAsian shares track Wall Street decline on hot economic data
International Business News: higher rates pressure business activity and investment prices. So far, they do not seem to be slowing growth as much as anticipated. The S&P 500 fell Key Points
Times Of IndiaEPS higher pension: 'Unable to submit,' EPFO members complain on Twitter as deadline nears
Many EPF members are complaining on Twitter that they are unable to submit the joint application form on the EPFO's Member Sewa portal for higher pension. It is important to note that the last date to apply for higher pension from EPS is July 26, 2023 - which is coming Monday. Key Points
Economic TimesEPFO launches calculator for higher EPS pension additional contribution after much delay
The Employees' Provident Fund Organisation (EPFO) launched an excel based calculator for eligible employees to calculate the dues that they have to pay to receive higher pension at the time of retirement. Read on to know how you can download it and how it can be used to estimate the money that you have to pay. Key Points
Economic Times
Diwali Dhamaka: 5 market wizards on how to invest in Samvat 2080
India remains in a sweet spot going into the new Samvat 2080 with a strong balance sheet of corporate India and improving health of the domestic banking sector. ETMarkets brings views of five market wizards viz. Raamdeo Agrawal, Sanjiv Bhasin, Madhu Kela, Prashant Jain and Christopher Wood, who piece together the likely triggers that may impact stock markets, individual sectors and stocks through the new year. Key Points
Economic TimesHero MotoCorp Q1 Preview: PAT may surge 42% YoY; price hikes to aid sales growth
In the June quarter, total vehicle sales declined 3% YoY, but grew 7% sequentially. Domestic sales were marginally down by 0.8% on a YoY basis while exports slumped 43% Key Points
Economic TimesWhy Sampath Reddy prefers value to growth stocks now
Bajaj Allianz Life Insurance's Sampath Reddy, prefers value-oriented stocks over growth and expects the market valuation to peak between 19 to 20 times PE in the coming year. Although the market valuations are slightly high, the Indian macro economy is performing well in terms of GDP growth and benign inflation, driving higher valuations. Reddy notes the shift from growth to value-oriented, higher-interest rate-sensitive utility sectors and believes it will continue. Key Points
Economic TimesDiwali Muhurat Trading 2023: Nifty 50 jumps 100 points; Sensex closes at 65,259
Nifty 50 closed 100 points, or 0.52 per cent, higher at 19,525.55 while the Sensex ended at 65,259.45, up 355 points, or 0.55 per cent. Key Points
mintClass of 2024: Job trends that will rule the 2024 placement season
According to the All-India Survey on higher Education (2020-21), the gross enrolment ratio (GER) in formal higher education (for 18-23 age group) was 27.3%; it was estimated using population projections based on the 2011 Census. This means that a large proportion of young people still do not get formal higher education. Key Points
Economic Times
Avoid IT, better to focus on PSUs as that remains a strong sector: Rohit Srivastava
“You cannot have a market rally without participation from banking. It is worth paying attention to. But it might not be the outperforming sector. The outperformance may still go back to where it was earlier which is in, say, PSU stocks, for example. Banks have generally been the most beaten down part of the market and Kotak has actually been an underperformer. ” Key Points
Economic TimesWhy EPFO needs to extend deadline to apply for higher EPS pension for third time
Deadline to apply for higher EPS pension: ET Wealth spoke to experts on whether there is a need to extend the last date to apply for higher EPS pension for a third time. This is what they said. Key Points
Economic TimesAsian shares near four-month peak as BOJ takes the stage
MSCI's broadest index of Asia-Pacific shares outside Japan was 0.31% higher and on course for 2.5% gain in the week, its best weekly performance since January. Key Points
Financialexpress