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Ahead of Market: 10 things that will decide stock market action on Tuesday
Economic Times
·
1m ago
Medial
The Indian stock market rallied on Monday, driven by gains in IT and financial sectors, as global sentiment improved and oil prices eased despite tensions between Israel and Iran. The BSE Sensex surged by 677.55 points to close at 81,796.15, while the NSE Nifty gained 227.90 points, closing at 24,946.50. Investors are watching geopolitical developments closely, especially in the Middle East, which could influence market sentiment in the near term.
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'Worst not behind': Ambit's Dhiraj Agrawal on stock market fall; cautions against social media tips
Business Today
·
5m ago
Medial
Dhiraj Agrawal predicts challenging stock market conditions for another one to two years, suggesting the worst is not over. He advises against relying on social media for investment tips, emphasizing that the upcoming years will require a focus on numbers-based investing. He asserts that 80-90% of successful market participation is grounded in numerical analysis rather than social influence, highlighting the need for data-driven strategies in navigating the market ahead.
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Dalal Street Week Ahead: India, US GDP; Reliance AGM among 10 key factors to watch next week
Money Control
·
11m ago
Medial
The benchmark indices continued their recovery for the week, supported by positive global sentiments, better-than-expected US economic numbers, and expectations of a September rate cut from the US Federal Reserve. The focus for the week ahead will be on US GDP growth, global economic data, India's GDP growth numbers for Q1, Reliance Industries' AGM, FII and DII flow, IPOs, technical view, F&O cues, VIX, auto sales, and key corporate actions. Overall, experts expect the market to witness a gradual uptick with stock-specific action.
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Register alternate bank accounts: BSE to investors on Paytm Bank deadline
Inshorts
·
1y ago
Medial
BSE on Tuesday issued an advisory for investors who have registered only Paytm Payments Bank accounts with their trading members. It has advised such investors to add additional bank accounts with other banks to avoid any impact on their securities market transactions. This comes ahead of the RBI's March 15 deadline to impose restrictions on the payments bank.
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Govt orders audit of Ola Electric's service centres after consumer complaints
VCCircle
·
10m ago
Medial
- India's heavy industries ministry orders an audit of Ola Electric's service centers due to consumer complaints. - Ola Electric received a notice from India's consumer protection agency following 10,000 complaints about delayed and unsatisfactory after-sales services. - The audit aims to ensure that Ola Electric is maintaining its service centers and honoring consumer warranties to be eligible for government incentives. - The Automotive Research Association of India (ARAI) has been asked to conduct the audit, after which the government will decide the next course of action. - Ola Electric's eligibility to receive incentives under the government program could be affected if found to be in violation. - Ola Electric, backed by Softbank Group, has a 27% market share in India's e-scooter market.
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Abbott India recalls antacid Digene Gel after DCGI advisory
Livemint
·
1y ago
Medial
State drugs controllers have been advised to keep strict vigil on the movement, sale and distribution and stock of the said products in the market, draw samples if the product is lying in the market, and initiate necessary action
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Ola Electric hits fresh all-time low at ₹50.81 on Tuesday
Inshorts
·
5m ago
Medial
Shares of Ola Electric fell for the third straight session on Tuesday, dipping as much as 5.5% to reach an all-time low at ₹50.81 on the BSE. The stock was trading at ₹51.41, down 4.4% from the previous close of ₹53.80. Ola Electric market capitalisation stood at ₹22,693.72 crore.
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Sensex Drops 600 Pts, Nifty Slips Below 24,850: 3 Reasons Behind Tuesday’s Market Fall
OutlookIndia
·
2m ago
Medial
The stock market experienced a decline on Tuesday, as the Sensex fell over 600 points and the Nifty slipped below 24,850. Key reasons for this fall include profit booking, which led to bearish market sentiment, mixed Q4 earnings that underperformed expectations, and waning bullish sentiment among investors. Despite these challenges, mid- and small-cap segments showed resilience supported by better-than-expected earnings, whereas large-cap stocks continued to underperform amid the downturn.
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Startups form new taskforce to take on Google on billing
Economic Times
·
1y ago
Medial
According to the Economic Times, a 40-member task force has been formed by Indian companies and startups to take on the Google Play Billing System (GPBS). The task force, constituted under the Internet and Mobile Association of India (IAMAI), will decide on the course of action against Google Play. The task force will consider options such as impleading in court or issuing a statement to address the GPBS issue, where Google charges a 30% commission on in-app purchases. The IAMAI aims to protect the interests of Indian companies in the tech industry.
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Bombay HC Orders Removal Of NSE MD's Deepfakes Online
Inc42
·
1y ago
Medial
A judge at the High Court has ordered Facebook, WhatsApp, Instagram, and Telegram to delete any accounts or posts that violate the NSE's trademark. The court also instructed the social media platforms to remove any content that is flagged by the NSE within 10 hours of receiving a complaint. The NSE took legal action after deepfake videos of its CEO and MD giving stock advice appeared online.
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New-age tech stocks suffer as stock markets slump
Inshorts
·
1y ago
Medial
Reversing Monday's gains for many listed tech companies, most of the Indian new-age tech stocks nosedived on Tuesday (June 4) on the back of the Indian stock market crash by around 4,000 points impacted by the early trends of the 2024 Lok Sabha Election results. The current vote counts indicate a significant gap from the exit poll predictions.
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