Stocks to buy: Fincalbes and Petronet among top choices, here's why
The Nifty faced initial resistance around its previous swing high of 22,526. Therefore, for a further rally, it needs to move decisively beyond 22,525. On the lower end, 22,200 might act as support for the short term. Key Points
mintTwo-thirds of Indians support autocratic or military rule, highest in the world, finds Pew study
US-based think tank found that 67% of Indians polled supported autocratic rule, while 72% supported military rule. support for representative democracy too declined in India. Key Points
ThePrintNifty on a roll, could head towards 23,000: Analysts
Nifty ended last week at its highest point, indicating a continuation of the uptrend. FIIs started this series with short positions, but as the index marched higher, they covered some of their shorts and added longs. Key Points
Economic TimesTech View: Nifty finds support at 20-DMA. What should traders do on Tuesday
Nifty has been in consolidation mode since the last four trading sessions. The daily and hourly momentum indicators are providing divergent signals which can lead to a range-bound move over the next few trading sessions. Open Interest (OI) data showed the call side had the highest OI at 22,300, followed by the 22,500 strike prices. Key Points
Economic Timessupport for BJP reaches fever pitch; INDIA alliance has few takers: Survey
Around 47% of urban Indians interviewed in the latest YouGov-Mint-CPR survey said they identified with the BJP. The Opposition alliance has bad news: 50% of the respondents doubted its ability to counter the ruling party in the upcoming elections. Key Points
mint
View: Interim Budget balances fiscal discipline, welfare & growth
This year's interim budget, presented by Finance Minister Nirmala Sitharaman, takes place in a turbulent global economic environment. Despite this, the budget maintains a balance between economic growth and fiscal consolidation, with a fiscal deficit of 5.1% of GDP. The budget also supports capital expenditure and rural infrastructure, promotes investment in post-harvest infrastructure, and establishes a corpus for interest-free loans to support research and innovation. Key Points
The Economic TimesMarket Trading Guide: IDFC First Bank among 2 stock recommendations for Wednesday
On the technical charts, Nifty formed a huge bearish engulfing candlestick. It broke the crucial support of 21,300 with a head and shoulder pattern. Now the next support lies at 21,000 coinciding with the 50-day moving average (DMA), says Sheersham Gupta, director and senior technical analyst at Rupeezy Key Points
Economic TimesStocks to Buy: Nykaa, SBI Life among top bets; here's why
The Nifty has largely traded within a range, showing a predominantly bullish sentiment. Over the past two to three days, a 'buy on dips' approach has been loved by the street since the Nifty crossed the crucial 19,500 mark. Key Points
mintNifty’s weakness may continue, 19,500 is key support: Analysts
They caution if this support is breached, there is a likelihood that the index could further decline towards the range of 19,000 to 18,900 in the coming weeks. Analysts suggest traders may want to explore potential opportunities in Reliance, HDFC Bank, IndusInd Bank, and Sun Pharma. Key Points
Economic TimesTata Motors among top 3 trading ideas for next week from Kunal Shah
Despite unfavourable global news, the bulls have taken full control of the market. Notably, this buying surge came from Domestic Institutional Investors (DIIs), especially in the cash market, as Foreign Institutional Investors (FIIs) were net sellers. Key Points
Economic Times
One Latina doula on the push for better births
Surey Rodriguez-Cortes, a certified doula, says people of colour often lack essential childbirth support. Her community of Latino doulas is addressing the urgent need. Key Points
BBCDefence ministry, Hindustan Shipyard Ltd ink Rs 19,000 crore deal for 5 fleet support ships
First vessel to be delivered in four years & rest every 10 months. Their induction will significantly enhance blue water capability of Indian Navy, says MoD. Key Points
ThePrintStocks to buy: Here is why Apollo Tyres and Wipro are attractive short-term bets
Nifty falls below 21-day EMA, 19,566 seems as crucial resistance level. Bank Nifty shows potential for upward movement. Recommended stocks: Apollo Tyres (Buy, Target: ₹480) and WIPRO (Buy, Target: ₹440). Key Points
mintBig movers on D Street: What should investors do with Sula Vineyards, Eicher and Tata Steel?
Stocks that were in focus include names like Sula Vineyards, which was down 8.12%, Eicher Motors, which fell 2.62%, and Tata Steel, whose shares declined 3.25% on Wednesday. Key Points
Economic TimesView: India should ramp up consumer subsidies for EVs, instead of rolling them back
India's recent cut in subsidies for electric two-wheeler EVs (E2W) under the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME-II) scheme could impede the growth of the EV sector and put the government's policy objectives at risk. Conversely, the USA has prolonged tax credits of up to $7,500 for light-duty EVs through 2032 and other measures under the Inflation Reduction Act (IRA). China has recently announced a package of incentives and tax breaks worth $72 billion to promote EVs and other green vehicles. India needs to boost its support for the entire EV value chain, including charging infrastructure and concessional financing. Key Points
Economic Times
Tech View: Nifty charts hint at more trouble ahead. What traders should do on Friday
Indian stock market Nifty fell by 118 points to close at 19,659.90, forming a lower top and bearish candle indicating further correction. The daily Bollinger bands also suggest a short-term consolidation. support at 10-day EMA at 19,680 has been broken after sustaining for 21 days, showing weakness and a possible Key Points
Economic TimesStock Radar: Possibility of resumption in uptrend after consolidation makes this hotel stock attractive
The stock hit a 52-week high of Rs 405 on 19th June 2023 but failed to hold on to the momentum. The stock consolidated in a narrow range where Rs 400 acted as a strong resistance, while on the downside, support was above Rs 370. The support also corresponds with the 50-DMA on the daily charts. The stock did surpass Rs 400 levels in intraday trade on Thursday when it hit a high of Rs 405 but saw some profit-taking in Friday’s trade. Key Points
Economic TimesDukaan replaces support staff with AI chatbot, says it is efficient while humans are overqualified and fussy
In the middle of concerns over AI like ChatGPT replacing human jobs, Indian startup Dukaan has made an announcement that it has laid off 90 per cent of its customer support employees and in their place is now using an AI chatbot. It also says that the AI chatGPT is better at this job than humans. Key Points
India TodayUkraine to receive $1.5 bln from World Bank to support reconstruction
Ukraine will receive $1.5 billion from the World Bank to support reconstruction and recovery, Prime Minister Denys Shmyhal said on Friday. Key Points
ReutersCancer plaintiffs drill down on J&J's support for $8.9 bln talc deal
The lead negotiators for Johnson & Johnson's proposed $8.9 billion settlement of thousands of talc lawsuits faced intense questioning in U.S. bankruptcy court on Wednesday about how much support the company has for the deal. Key Points
Reuters
Paddy worth Rs 159,660 cr procured from farmers at support price: Govt
Food Corporation of India, the nodal central agency, along with other state agencies undertakes procurement of paddy under the price support scheme (at MSP). Those procured paddy is then milled to make rice and distributed to the public under various food security schemes. Key Points
Economic TimesMy boyfriend died by suicide during my junior year at Brown University. 6 months later, I'm still grieving the loss.
The writer lost her boyfriend last semester. It's the six-month anniversary of his death; she's struggling to find support in her spring semester. Key Points
InsiderJ&J rises as $9 bln talc lawsuit settlement eases overhang on unit spinoff
Johnson & Johnson's shares rose nearly 4% in early trading to hit a near two-month high of $164.48 on Wednesday as the company's $8.9 billion offer to settle talc-related lawsuits gained support of thousands of claimants, easing an overhang on its plans to list consumer health unit Kenvue. Key Points
ReutersChinmayi Sripaada lashes out at Abhirami Venkatachalam for supporting Kalakshetra Foundation
Many called out Abhirami Venkatachalam on social media for being blindsided by privilege. Her statement about people who couldn't pronounce the name Kalakshetra is being termed as casteist. Key Points
The Indian ExpressWeek ahead: Nifty pullback expected above 17200, Bank Nifty to hold key support zone of 38600-38200
On the sectoral front, BFSI, IT, Capital goods & Infra, Consumption and PSU are in focus. On the large caps front HDFC Bank, SBI, Tech Mahindra, Titan, Ultratech Cement, L&T, DLF, Tata Steel, United spirits, NTPC, HPCL are preferred picks. Key Points
Financialexpress
Ukraine seeks India support for UN peace resolution
The call for support was made by Andriy Yermak, who heads the office of Ukraine President Volodymyr Zelenskyy, in a phone conversation with National Security Advisor Ajit Doval. The move comes less than two weeks after Doval met Russian President Vladimir Putin in Moscow. Key Points
The Indian ExpressKyiv seeks Delhi support for UN peace resolution
The call for support was made by Andriy Yermak, who heads the office of Ukraine President Volodymyr Zelenskyy, in a phone conversation with National Security Advisor Ajit Doval. The move comes less than two weeks after Doval met Russian President Vladimir Putin in Moscow. Key Points
The Indian ExpressEU trusts India's G20 Presidency to 'find a way' in Russia-Ukraine war: Envoy
In an interview with ANI, Astuto said they have great expectations from the Indian presidency of G20. Furthermore, he added that India presents a very ambitious program that the EU support. | World News Key Points
Hindustan TimesSangmas lock horns over Meghalaya govt formation, Conrad stakes claim even as Mukul promises more drama
Initially on Thursday, two HSDP MLAs’ names were on a list of 32 that NPP chief Conrad Sangma submitted to the Governor. But, the legislators later “withdrew” their support. Key Points
The Indian ExpressSelling Sunset star Bre Tiesi says no to Nick Cannon’s child support, but he still has to pay. Here’s why
Bre Tiesi claimed during an episode of Selling Sunset that Nick Cannon didn't have to pay her child support. But her lawyer begs to differ. Key Points
Economic Times
In letter to ‘dear family’, PM seeks suggestions for Viksit Bharat
PM Modi seeks suggestions for "Viksit Bharat" agenda, aiming for over 400 seats in upcoming elections. Credits public support for government achievements. | Latest News India Key Points
Hindustan TimesSamsung Galaxy A35 5G, Galaxy A55 5G with Exynos SoC, IP67 rating launched in India: Specs, design and more
Samsung has launched the two new iterations in its Galaxy A series - Galaxy A35 5G and Galaxy A55 5G. The two smartphones comes with Exynos processor, IP67 rating and Samsung Knox protection. Key Points
mintBig movers on D-Street: What should investors do with JSW Steel, Tata Investment and Tata Chemicals?
Benchmark indices hit record highs fueled by economic growth. JSW Steel, Tata Investment, and Tata Chemicals performed well. Tata Investment has broken out of a Flag formation, while Tata Chemicals has shown a recovery. MACD and RSI indicators support Tata Investment's structure. Key Points
Economic Times