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June 21, 2024
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As per media sources, the upcoming regulation mandating credit card bill payments through Bharat Bill Payment System (#BBPS) from July is expected to be delayed as key card issuers like #HDFC Bank (20 million cards) and #Axis Bank (14 million) haven’t activated BBPS. While #RBI directed all credit card payments to be routed through BBPS after 30 June 2024, only 8 out of 34 card issuers have complied, thereby seeking an extension of 90 days As per media sources, the upcoming regulation mandating credit card bill payments through Bharat Bill Payment System (#BBPS) from July is expected to be delayed as key card issuers like #HDFC Bank (20 million cards) and #Axis Bank (14 million) haven’t activated BBPS. While #RBI directed all credit card payments to be routed through BBPS after 30 June 2024, only 8 out of 34 card issuers have complied, thereby seeking an extension of 90 days

As per media sources, the upcoming regulation mandating credit card bill payments through Bharat Bill Payment System (#BBPS) from July...

June 21, 2024
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Commodities updates* Gold – Rs 74350/10gm, Silver – Rs 91647/kg, Brcrude – Rs 6796/barrel, Copper – Rs 861.9/kg. *Corporate News* Tata Communications raises $250 million sustainability-linked loans. Triveni Eng & Industries Ltd acquire additional 36.34% stake in Sir Shadi lal enterprises Ltd for Rs. 44.83Cr Commodities updates* Gold – Rs 74350/10gm, Silver – Rs 91647/kg, Brcrude – Rs 6796/barrel, Copper – Rs 861.9/kg. *Corporate News* Tata Communications raises $250 million sustainability-linked loans. Triveni Eng & Industries Ltd acquire additional 36.34% stake in Sir Shadi lal enterprises Ltd for Rs. 44.83Cr

Commodities updates*Gold – Rs 74350/10gm, Silver – Rs 91647/kg, Brcrude – Rs 6796/barrel, Copper – Rs 861.9/kg. *Corporate News*Tata Communications...

June 21, 2024
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Primary market activities* IPO opening today Stanley Lifestyles Ltd (Main board) – Issue size 537.02Cr Medicamen Organics Ltd (NSE SME) – Issue size 10.54Cr Primary market activities* IPO opening today Stanley Lifestyles Ltd (Main board) – Issue size 537.02Cr Medicamen Organics Ltd (NSE SME) – Issue size 10.54Cr

Primary market activities*IPO opening todayStanley Lifestyles Ltd (Main board) – Issue size 537.02CrMedicamen Organics Ltd (NSE SME) – Issue size...

June 21, 2024
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Stocks with high de ry Percentage* Saregama India Ltd – 88.1% Gland Pharma Ltd – 87.1% VIP Industries Ltd – 84.2% Westlife Foodworld Ltd – 79.1% Vijaya Diagnostic Centre Ltd – 78.4% Stocks with high de ry Percentage* Saregama India Ltd – 88.1% Gland Pharma Ltd – 87.1% VIP Industries Ltd – 84.2% Westlife Foodworld Ltd – 79.1% Vijaya Diagnostic Centre Ltd – 78.4%

Stocks with high de ry Percentage*Saregama India Ltd – 88.1%Gland Pharma Ltd – 87.1%VIP Industries Ltd – 84.2%Westlife Foodworld Ltd...

June 21, 2024
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As we closely observe the current market trends, it is evident that #RELIANCE is displaying a strong bullish momentum, indicating a potential breakout in the near future. This upsurge in #RELIANCE’s performance is expected to significantly impact the movement of #NIFTY, with the latter likely to be influenced by the former’s trajectory. Furthermore, the bullish outlook is not limited to #RELIANCE alone, as #HDFCBANK also exhibits positive indicators, leading to a scenario where the indices are less likely to take on a bearish trend. These developments shed light on the StockMarket and provide valuable insights for those following #FinancialNews. share As we closely observe the current market trends, it is evident that #RELIANCE is displaying a strong bullish momentum, indicating a potential breakout in the near future. This upsurge in #RELIANCE’s performance is expected to significantly impact the movement of #NIFTY, with the latter likely to be influenced by the former’s trajectory. Furthermore, the bullish outlook is not limited to #RELIANCE alone, as #HDFCBANK also exhibits positive indicators, leading to a scenario where the indices are less likely to take on a bearish trend. These developments shed light on the StockMarket and provide valuable insights for those following #FinancialNews. share

As we closely observe the current market trends, it is evident that #RELIANCE is displaying a strong bullish momentum, indicating...

June 21, 2024
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#RELIANCE is looking bullish and headed for breakout so #NIFTY’s movement will mostly be influenced by #RELIANCE. So Index Heavyweight stocks #RELIANCE & #HDFCBANK both are bullish, indices less likely to be bearish StockMarket #FinancialNews #RELIANCE is looking bullish and headed for breakout so #NIFTY’s movement will mostly be influenced by #RELIANCE. So Index Heavyweight stocks #RELIANCE & #HDFCBANK both are bullish, indices less likely to be bearish StockMarket #FinancialNews

#RELIANCE is looking bullish and headed for breakout so #NIFTY's movement will mostly be influenced by #RELIANCE. So Index Heavyweight...

June 21, 2024
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Global Indices GIFT Nifty: 23605 +12 Hangseng: 18084 -250 Dow: 39134 + 299 S&P 500: 5473 -13 Nasdaq: 17717 -144 USD / INR: 83.60 Brent Crude: 85.61 GOLD: 2371.80 FII Net (20-06-2024): 415.30 DII Net (20-06-2024): -325.81 Global Indices GIFT Nifty: 23605 +12 Hangseng: 18084 -250 Dow: 39134 + 299 S&P 500: 5473 -13 Nasdaq: 17717 -144 USD / INR: 83.60 Brent Crude: 85.61 GOLD: 2371.80 FII Net (20-06-2024): 415.30 DII Net (20-06-2024): -325.81

Global Indices GIFT Nifty: 23605 +12Hangseng: 18084 -250Dow: 39134 + 299S&P 500: 5473 -13Nasdaq: 17717 -144USD / INR: 83.60Brent Crude:...

June 20, 2024
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US DATA Unemployment Claims : Negative for USD Actual: 238K Survey: 235K Prior: 242K Building Permits : Negative for USD Actual: 1.39M Survey: 1.45M Prior: 1.44M Philly Fed Manufacturing Index : Negative for USD Actual: 1.3 Survey: 4.8 Prior: 4.5 US DATA Unemployment Claims : Negative for USD Actual: 238K Survey: 235K Prior: 242K Building Permits : Negative for USD Actual: 1.39M Survey: 1.45M Prior: 1.44M Philly Fed Manufacturing Index : Negative for USD Actual: 1.3 Survey: 4.8 Prior: 4.5

US DATA Unemployment Claims : Negative for USD Actual: 238KSurvey: 235KPrior: 242K Building Permits : Negative for USD Actual: 1.39MSurvey:...

June 20, 2024
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ONGC : Board has accorded its approval for extension/revalidation of Letter of Comfort (LOC) to prospective banks/ investors for amount upto ₹5,400 crore to be raised by OPaL within 12 months from the date of approval of shareholders ONGC : Board has accorded its approval for extension/revalidation of Letter of Comfort (LOC) to prospective banks/ investors for amount upto ₹5,400 crore to be raised by OPaL within 12 months from the date of approval of shareholders

ONGC : Board has accorded its approval for extension/revalidation of Letter of Comfort (LOC) to prospective banks/ investors for amount...

June 20, 2024
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CLSA on Tata Motors O-P, TP Rs 1181 JLR Investor day Co highlighted it will invest £18bn over next 4 yrs for its electrification journey Management guided for a ≥8.5% Ebit margin in FY25 & expects 10% Ebit margin in FY26 Co plans to launch Range Rover electric & New JLR in FY25 CLSA on Tata Motors O-P, TP Rs 1181 JLR Investor day Co highlighted it will invest £18bn over next 4 yrs for its electrification journey Management guided for a ≥8.5% Ebit margin in FY25 & expects 10% Ebit margin in FY26 Co plans to launch Range Rover electric & New JLR in FY25

CLSA on Tata MotorsO-P, TP Rs 1181 JLR Investor dayCo highlighted it will invest £18bn over next 4 yrs for...

June 20, 2024
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Global Indices GIFT Nifty: 23523 +9 Hangseng: 18443 +13 Dow: Market Closed S&P 500: Market Closed Nasdaq: Market Closed USD / INR: 83.43 Brent Crude: 85.09 GOLD: 2350 FII Net (19-06-2024): 7908.36 DII Net (19-06-2024): 7107.80 Global Indices GIFT Nifty: 23523 +9 Hangseng: 18443 +13 Dow: Market Closed S&P 500: Market Closed Nasdaq: Market Closed USD / INR: 83.43 Brent Crude: 85.09 GOLD: 2350 FII Net (19-06-2024): 7908.36 DII Net (19-06-2024): 7107.80

Global Indices GIFT Nifty: 23523 +9Hangseng: 18443 +13Dow: Market ClosedS&P 500: Market ClosedNasdaq: Market Closed USD / INR: 83.43Brent Crude:...