 "US bond yields rise amid profit-taking, while Indian yields hold steady as market anticipates further rate cuts from the Fed.")
Indian government bond yields are expected to slightly increase in early trades as US Treasury yields rise. Despite a recent drop, the prevailing Market sentiment remains bullish due to ongoing expectations of another significant rate cut by the Federal Reserve. The benchmark 10-year yield is projected to fluctuate between 6.72% and 6.76%. Traders anticipate some ...
 "The Nifty IT and Auto indices face bearish trends, prompting a “sell on rise” strategy amid escalating market pressures.")
The Nifty IT Index is currently showing a bearish trend, with a potential sell-off if it closes below 41,600. Traders should consider adopting a “sell on rise” strategy to navigate the expected downward pressure, with key support levels at 40,750, 38,925, and 37,500. Meanwhile, the Nifty Auto Index appears overbought and may face a correction ...
 "India’s labor market remains stagnant with 3.2% unemployment, overshadowed by rising self-employment, amidst evolving regulatory challenges and international agreements.")
The recent Periodic Labour Force Survey report for July 2023 to June 2024 shows that India’s unemployment rate remains steady at 3.2 percent, unchanged from the previous year. However, the report reveals significant challenges in the labor Market, including a growing trend of self-employment, with over half of the workforce categorized as “own account workers” ...
 "Titan’s SKINN launches ’24Seven’ affordable fragrances, targeting youth market expansion amidst fierce competition, while exploring AI innovations.")
Titan Company’s fragrance division, SKINN, has launched an affordable fragrance line called 24Seven, aimed at reaching 2.5 million customers by the end of FY25. CEO Manish Gupta stated that the range combines premium quality with accessible pricing, targeting a younger audience across India. The 24Seven line features Eau De Parfums available in various scents, priced ...
 "SBI Mutual Fund aggressively increases its stake in KPR Mill, a bold move amidst fluctuating market dynamics and profit shifts.")
On September 25, 2024, SBI Mutual Fund increased its stake in KPR Mill from 4.89% to 7.74% by acquiring an additional 2.85% for over Rs 900 crore. This purchase involved 9.735 million shares at an average price of Rs 925 each. Meanwhile, KP Ramasamy, a promoter of KPR Mill, sold 10.5 million shares, reducing his ...
 "Nishant Pitti sells 14% stake in Easy Trip Planners, triggering a 15% share price drop amid significant market turbulence.")
Nishant Pitti, a co-founder of Easy Trip Planners, has sold a 14 percent stake in the company for Rs 920 crore through open Market transactions. The sale involved approximately 24.65 crore shares, with prices ranging from Rs 37.22 to Rs 38.28. Following this transaction, Pitti’s ownership in the company has decreased from 28.13 percent to ...
 "The stock market faces turmoil, yet bullish signals emerge for Hindalco, Siemens, and Tata Power, defying the crisis.")
The stock Market is showing interesting trends as of September 2024, with some stocks gaining momentum. Analysts recommend buying Hindalco at Rs 717, Siemens at Rs 7,095, and Tata Power at Rs 468, highlighting their upward potential. Hindalco has recently broken out of a consolidation phase, backed by strong volume and bullish indicators. Siemens displays ...
 "Hyundai India gains IPO approval, aiming to raise billion, marking a significant comeback in the Indian automotive market.")
Hyundai Motor India has received approval for its initial public offering (IPO) from the Securities and Exchange Board of India. The South Korean automaker aims to raise $3 billion, valuing the company at around $20 billion. This IPO marks the first for a carmaker in India in the last 20 years, following Maruti Suzuki’s IPO ...
 "Sebi fines BGR Energy Systems ₹9 lakh for serious disclosure lapses and violation of market regulations, jeopardizing investor trust.")
BGR Energy Systems Ltd has been fined Rs 9 lakh by the Securities and Exchange Board of India (Sebi) for failing to meet disclosure requirements and violating Market regulations. A recent investigation revealed that the company did not comply with the Listing Obligations and Disclosure Requirements (LODR) rules, particularly concerning the late submission of audited ...
 "Samsung slashes S24 prices ahead of iPhone 16 launch, igniting a fierce market battle for high-end smartphone supremacy this festival season.")
Samsung has announced significant price cuts of 15-35 percent on its flagship S24 smartphone range, set to launch on Flipkart starting September 26. This strategic move comes as Samsung competes with Apple’s recently launched iPhone 16 series, which has already captured Market attention. Apple is narrowing the price gap with the iPhone 16 Pro Max, ...
