Diwali Muhurat trading Highlights:  The benchmark equity indices NSE Nifty 50 and BSE Sensex closed with gains during the Muhurat trading session on the auspicious occasion of Diwali 2023. The NSE Nifty 50 gained 100.20 points or 0.52% to settle at 19,525.55, while the BSE Sensex added as much as 354.77 points to 65,259.45. The Bank nifty index closed 176.55 points or 0.40% up at Rs 43,996. 55. The Nifty Small-cap index jumped more than 1% hits its 52-week high. The broader indices ended largely in positive territory, with gain led by Midcap and Smallcap stocks. Metal and IT stocks gained the most among the other sectoral indices. Coal India, UPL, Infosys, Eicher Motors and Wipro were the top gainers while the laggards included Britannia Industries, Sun Pharma, Apo…

By Kirang Gandhi

Makar Sankranti and Uttarayan, two pivotal festivals in the Indian calendar, symbolize new beginnings and the transition from darkness to light. Celebrated with kite flying, these festivals teach us about direction, control, and the importance of soaring high. But beyond the cultural and spiritual significance, these festivals offer valuable lessons in financial freedom and personal finance management. These festivals signify new beginnings, the triumph of good over evil, and the importance of perseverance and optimism.

The significance of kite flying

Kite flying during Uttarayan is not just a sport but a metaphor for life and financial freedom. The way a kite soars high in the sky, facing winds and adversities, mir…

By Shrikant Chouhan

On Tuesday, the benchmark indices bounced back sharply, the Nifty ended 86  points higher while the Sensex was up by 261  points. Among Sectors, almost all the major sectoral indices witnessed buying interest at lower levels. Technically, after a gap up opening the market hovered between 19,775  to 19,850 levels. However, the short-term texture of the market is still in to the positive side. We are of the view that, as long as the index is trading above 19750 the uptrend formation is likely to continue. Above the same, the index could continue the rally till 19,900-19,935. On the flip side, below 19,750 uptrend would be vulnerable. Below the same, the sentiment could change. Below 19,750, the market could slip till 19,700-1…

The U.S. Justice Department won’t pursue allegations that ByteDance Ltd.’s TikTok misled U.S. consumers about their data security in a forthcoming suit accusing the company of children’s privacy violations, according to people familiar with the decision.

The department is preparing to file a consumer protection lawsuit against TikTok later this year on behalf of the U.S. Federal Trade Commission (FTC), which investigated the case, according to the people, who asked not to be identified discussing interagency communications.

The FTC gave the Justice Department a referral with two parts. The Justice Department plans to drop one part of the complaint alleging that TikTok deceived U.S. consumers by failing to inform them that Beijing-based employees of its parent company, …

The government will continue to sell surplus grain stock in the open market to control rise in cereal inflation, a senior food ministry official on Wednesday said, adding that it has more than double grain stock to carry out market intervention programme.

“Through open market sale scheme (OMSS)of wheat and rice, we are aiming at controlling cereal inflation to the maximum possible extent,” Ashok Meena, chairman and managing director, Food Corporation of India (FCI) said in a briefing.

On January 1, FCI had rice and wheat stocks of 34.49 million tonne (MT) while 33.27 MT of rice is yet to be receivable from millers. Total foodgrains stock is against the buffer of 21.04 MT.

Market rally leads to higher regulatory fees for stock exchanges Is the world prep…

Sanofi India shares surged nearly 4% to an intra-day high of Rs 7,999 after the company tied up Cipla to distribute its central nervous system (CNS) medication in India. Sanofi joined hands with Cipla to use its extensive distribution network in the country. However, Sanofi will be retaining ownership, import, and manufacturing of the CNS portfolio. 

“As a part of this partnership, Cipla will be responsible for the distribution of Sanofi India’s six CNS brands including Frisium, a leading brand in the anti-epileptic medication category,” Sanofi said in an exchange filing. 

“Enhancing access to high-quality treatments is central to our purpose of ‘Caring for Life’Come from …