Why anger is the new feel-good hormone that drives the nation
India News: Discover why anger has become the new feel-good hormone driving the nation. Explore the aftermath of the Ram temple consecration in Ayodhya and the constant need for anger in India. Learn about the role of history, Prime Minister Narendra Modi, and the concept of a unified India. Key Points
Times Of IndiaAvoid 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 TimesChina ramps up campaign to boost fragile economy, currency
The central bank will trim the amount of foreign currency deposits banks are required to hold as reserves for the first time this year, the Peoples Bank of China said Friday. The move came hours after authorities announced fresh stimulus for the beleaguered property sector and unveiled plans to expand tax breaks for child and parental care and education. Key Points
Economic TimesMarket in a zone where we will have a 15% move two-three times a year: Sunil Singhania
The appetite for Indian equity both domestically and internationally is growing, paving the way for a bullish market, according to Sunil Singhania, Founder of Abakkus Asset Manager. Singhania is optimistic about a good monsoon and growth, infrastructure spending, increasing corporate expansion, and a shift of global investments away from China toward India. Singhania says the world is stabilising, due in part to soft oil prices, settling inflation and a return of cost pressures, plus China's reopening that creates an optimistic outlook for the second half of 2023. Key Points
Economic TimesSalman Khan on Shehnaaz: ‘Told her to move on, doesn’t mean bring it on’
Salman Khan talks about his advice to Shehnaaz Gill when he asked her to move on. Shehnaaz and Salman worked together in his film Kisi Ka Bhai Kisi Ki Jaan. | Bollywood Key Points
Hindustan Times
World Chess Championship: Ding forces tiebreaks after playing out 7-7 draw with Nepomniachtchi
Ian Nepomniachtchi vs Ding Liren: After 14 games, the score remained even at 7.0-7.0, with the tiebreaks scheduled on Sunday in the World Chess Championship. Key Points
The HinduAs earnings loom, Nvidia options traders brace for monster share move
By Saqib Iqbal Ahmed NEW YORK (Reuters) - Traders in the U.S. equity options market are betting Nvidia's upcoming earnings report could spur a massive move in the shares of the world's most dominant Key Points
ThePrint2 stocks to buy in a melting market: CA Rudramurthy BV
The market is currently within a tight range, with Nifty Future having a strong base at 21,200-21,300 and resistance at 21,600-21,650. A break below 21,300 or a move beyond 21,600 will determine the market's direction. Bank Nifty faces resistance at 46,500. I am bullish on the IT sector, particularly Wipro, which offers a buying opportunity at Rs 480. Hind Petro is another strong stock in the OMC sector. Oracle Financials is a recommended buy, while Zee Entertainment is best avoided due to high volatility. Key Points
Economic TimesAmazon’s Audible fired over 100 employees
Amazon's Audible division to reduce its workforce by approximately 5 per cent as part of the company's broader efficiency strategy. The move follows similar layoffs in other Amazon units. Key Points
India TodayIndia will have to eventually move to lower customs duty regime, says DPIIT Secy Rajesh Kumar Singh
India will eventually move to a lower customs duty regime and cannot continue protecting domestic manufacturers by citing the infant industry argument. The Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Rajesh Kumar Singh said tariffs are not considered a revenue source but are used as a policy tool to ensure higher protection for certain sectors to boost domestic manufacturing. Key Points
Economic Times
MVA opposes recruitment of policemen on contract
We oppose the recruitment of police on contract. This may lead to law and order issues. This is dangerous, what if the police (on contract) do not obey the government orders? A security guard can be on contract but how can a policeman be on contract? questioned Ambadas Danve in the Upper House. Key Points
Economic TimesWorst game played in the history of World Championships
You could know Game 2 was going to end badly for Ding the moment he played the fourth move. He played h3, a move played by only two amateurs in the past. It is a waste of precious time and achieves nothing in return. Key Points
The Indian ExpressStock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 36%
The script of the up move in the markets continues to be the same, PSU’s, so whether it is PSU banks or any other non-bank PSU, on the list of top gainers is being dominated by them once again. Well there is no point in guessing till when this up move can continue in in PSU space, but if one is looking for investing in non- psu space, it would be better to focus on fundamentals and if there is any improvement in them which has made the overall score go up in the last one month then have a look at those stocks. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. Key Points
Economic TimesFor risk takers: 5 midcap stocks from different sectors with right levels of RoE and upside potential of u
Friday’s up move in nifty might make some think that correction is over, but give the fact that valuations are high and global markets are still grappling with possibility of hawkish stance of US fed, in such conditions, it would be better to add the words like portfolio rejig, caution, fundamentals and valuations to one’s thought process while buying stocks. Refinitiv’s Stock Report Plus which lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or strong buy . Key Points
Economic TimesFor risk takers; 5 midcap and small stocks from different sectors with right levels of RoE and upside pote
Friday’s up move in nifty might make some think that correction is over, but if one looks at the intra day move, the fall from high of the day, where nifty lost half of its gains indicates that possibility of bulls might still face obstacles. In such conditions, it would be better to add the words like portfolio rejig, caution, fundamentals and valuations to one’s thought process while buying stocks. Probably, rejigging the portfolio would be a better option. Refinitiv’s Stock Report Plus which lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or strong buy . Key Points
Economic Times
Government eases laptop, tablet import curbs: Report
This move is expected to provide manufacturers such as Apple Inc., HP Inc., and Dell Technologies Inc. with additional time to prepare for potential limitations. Key Points
India TodayRBI Policy: Repo rate left unchanged at 6.50%, but D-Street hit by incremental CRR on banks
While the policy stance was on the expected lines, the RBIs decision to impose an incremental Cash Reserve Ratio (CRR) of 10% of NDTL on banks dampened Dalal Streets mood. The incremental CRR has been imposed for May 19-July 28 period, and the RBI will review the same on September 8, Das said, adding that the move is “purely” a temporary measure. Key Points
Economic TimesVidya Balan reveals if she made the first move on husband Siddharth Roy Kapur
Vidya Balan revealed if she made the first move on husband Siddharth Roy Kapur. The actor also said they were first physically attracted to each other. | Bollywood Key Points
Hindustan TimesWild video captures flying car after its driven up a tow truck in Georgia
A 21-year-old woman from Florida was driving the sedan. She suffered serious injuries in the shocking incident and was taken to South Georgia Medical Center. | World News Key Points
Hindustan TimesAmericans in Sudan must make their own arrangements to stay safe: US government
President Joe Biden had approved a plan earlier this week to move U.S. forces nearby in case they are needed to help evacuate American diplomats. | World News Key Points
Hindustan Times
Evening brief: Kerala CM attacks RSS over NCERT's move on Mughals
Here are today’s top news, analysis, and opinion. Know all about the latest news and other news updates from Hindustan Times. | Latest News India Key Points
Hindustan TimesCyclone Biparjoy to intensify further in next 48 hrs. IMD issues heavy rain alert in these states
Cyclone Biparjoy will further intensify into a severe cyclonic storm in the next 48 hours and move towards northwest India during the next three days. Adjoining areas of the west-central and south Arabian Sea, and the coasts of north Kerala, Karnataka, and Goa are therefore likely to be most impacted by the storm. Key Points
India TodayOverweight on 4 pockets within domestic economy now: Harsha Upadhyaya
Harsha Upadhyaya, says that corporate earnings trajectory will become the focus once macro headwinds have diminished. He expects the earnings trajectory to move at 16-17% for the current and next financial years. Domestic businesses within the banking, auto, cement and industrials sectors are on his radar, which are likely to see resilient demand conditions along with an improvement in earnings trajectory as inflation moderates. Key Points
Economic TimesFor moderate risk takers: 5 midcap stocks from different sectors with potential upside of up to 36%
Unlike last quarter of 2023, when nifty and sensex used to witness correction and mid-cap index was able move higher. Since the start of 2024, the mid-cap index is also participating in the correction, clearly indicating that some profit booking is taking place in this segment of the market. Having said that, if one looks at the flow of money to the mutual funds, a good amount of it is still coming in funds which are focussed on mid or small cap. There is no way one can fight with liquidity, if it is going to mid caps and they are moving up irrespective of valuations or quality of stocks one cannot argue. But the only thing which as an investor one can do is to be careful when taking exposure to this segment of the market. Stay away from stocks where there is a narrative that this sector will do well because of ABCD reasons or the company will get such and such orders worth this much. There is enough evidence in history to show that more than anything else, checks and balances are most important at this point of time, while making investment decisions. Key Points
Economic TimesIndian companies can now list on international bourses in GIFT City
India Business News: Indian companies are now allowed to list directly on international exchanges in GIFT City, providing them access to a wider pool of investors. This move will boost foreign investment flows and broaden the investor base for Indian companies. Key Points
Times Of India
Kelly Clarkson debuts new bang during talk show
In a recent episode of The Kelly Clarkson Show, the renowned American Idol alum, Kelly Clarkson, revealed a stunning new look, featuring chic wispy face-framing bangs. The 41-year-old singer and TV host, known for her powerful voice and relatable charm, confidently embraced her revamped style, pairing it with a fashionable ensemble on the show. This makeover is just one of the significant changes in Clarkson's life, including a move from Los Angeles to New York City before the fifth season premiere. Key Points
Economic TimesUS FCC chair proposes to restore net neutrality rules
U.S. Federal Communications Commission chair Jessica Rosenworcel on Tuesday said she would move quickly to reinstate landmark net neutrality rules rescinded under former President Donald Trump. Key Points
ReutersMarkets could correct at least 1,200 points before fresh buying can start: Sandip Sabharwal
Several factors are contributing to the current market correction, including the strong US dollar index leading to outflows from emerging markets, concerns over the decline of the Chinese economy, and the Nifty going up 3,200 points without a break. However, India's overall outlook remains strong, and market corrections may present fresh opportunities for investors. Key Points
Economic TimesIf market gives up 1,000 points in Oct-Nov, one can start fresh allocations: Sandip Sabharwal
In the near term, my personal view was that the market should remain fine till September. Market moved up from 16,800 to 20,000, a 3200-point move. In October-November, if we get a deeper correction and if the markets give up around 1,000 points of gains, then we could be looking to start buying in terms of fresh allocations. Key Points
Economic TimesMaharashtra political drama: Jitendra Awhad named new opposition leader in assembly
The appointment was necessitated by incumbent LoP Ajit Pawar's move to join the Eknath Shinde government as deputy chief minister. Pawar's move caused a vertical split in the Nationalist Congress Party. Key Points
Economic Times
2 top stock recommendations from Shilpa Rout
After eight consecutive sessions of losses we have snapped that and probably we are seeing some sort of relief rally and from here I believe Nifty can test 17600 zones and Bank Nifty can move towards 41000. So that is where we are heading for the immediate basis. Key Points
Economic TimesAlert sounded as cyclone Biparjoy changes its path, heads to Gujarat coast
Fishermen have been asked to return from sea and suspend fishing operations until June 15. The local administration in the affected districts has been advised to make preparations for evacuation of people. Key Points
The Indian ExpressMeghan’s Hollywood dreams: Is Harry planning to move to Malibu, home of Leonardo DiCaprio
Prince Harry and Meghan Markle are reportedly talking about moving back to her childhood hometown of Malibu. The Duchess is reportedly seeking to expand her profile as a content creator, philanthropist and producer with Emanuel’s help in Hollywood. Key Points
FirstpostNifty F&O Strategy: Pullback towards 17,450 level a buying opportunity
- Broader markets recovered swiftly in the last session, and the Nifty closed the week tad below 17600 levels gaining almost 300 points in a single session. BFSI was the major driver of the move while the pharma and technology space remained laggard. At the same time, broader markets have outperformed Key Points
Economic TimesWon’t turn aggressive long before Nifty crosses 21,800; 2 stocks to buy now: Aditya Agarwala
Aditya Agarwala predicts that the Bank Nifty will continue to outperform, with a target of 46,500 to 46,700. The Nifty is still range-bound between 21,200 and 21,800. Dr Reddy's and Concor are recommended buy stocks. Godfrey Phillips has seen a sharp upward move and is expected to reach a target of at least Rs 3,000. Voltas is recommended for holding with a target of Rs 1,150-1,160. Policybazaar has shown a steady upward trend and is advised to hold for a target of Rs 1,000. Key Points
Economic Times
Transfer news roundup: Sevilla to sign Chelsea striker, Eric Dier to Bayern
With the winter transfer window ongoing, Sevilla are set to sign a Chelsea striker. Meanwhile, Eric Dier could move to Bayern Munich. | Football News Key Points
Hindustan TimesHoneywell expands building safety portfolio with $4.95 billion deal for Carrier security unit
US News: Honeywell is set to acquire Carrier Global Corp.'s security division for $4.95 billion in a strategic move to strengthen its building automation capab Key Points
Times Of IndiaNvidia may be forced to shift out of some countries after new US export curbs
Nvidia (NVDA.O) said it may be forced to move some business operations out of countries that are in the purview of U.S. export curbs after the Biden administration on Tuesday expanded its restrictions on export of certain high-end technology. Key Points
Reuters