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71% intra-day traders pay the price chasing quick gains

71% intra-day traders pay the price chasing quick gains

Rediff.com25 Jul 2024

Over 70 per cent of individual investors who engage in intraday trading incurred an average loss of Rs 5,371 during 2022-23 (FY23), according to a study conducted by the Securities and Exchange Board of India (Sebi). Intraday trades involve buying and selling securities within the same trading day. The study covered nearly 7 million investors trading in the equity cash segment.

Markets fall on selling in banking shares, STT hike

Markets fall on selling in banking shares, STT hike

Rediff.com24 Jul 2024

Benchmark BSE Sensex declined for the fourth day in a row on Wednesday due to selling in financial and banking shares and the government's move to hike securities transaction tax and short term capital gains tax. The 30-share BSE Sensex declined 280.16 points or 0.35 per cent to settle at 80,148.88 with 19 of its components closing lower and 11 with gains. During the day, it tumbled 678.53 points or 0.84 per cent to 79,750.51.

Dying man forced to sing national anthem: HC orders CBI probe

Dying man forced to sing national anthem: HC orders CBI probe

Rediff.com23 Jul 2024

In a video clip that had gone viral on social media, Faizan, along with four other Muslim men, was seen being beaten up by policemen while being forced to sing the national anthem and 'Vande Mataram'.

Don't see change in UK strategy: Tata Steel chairman N Chandrasekaran

Don't see change in UK strategy: Tata Steel chairman N Chandrasekaran

Rediff.com16 Jul 2024

There has been no change in Tata Steel's strategy on operations in the United Kingdom (UK), company chairman N Chandrasekaran has told shareholders. The statement comes amid growing concern about the restructuring plan in the face of change in government in the UK. Tata Steel's plan for the UK entailed a 1.25 billion investment plan agreed upon by the Conservative party-led government in September last year.

Diabetes Drug Linked To Vision Loss?

Diabetes Drug Linked To Vision Loss?

Rediff.com16 Jul 2024

Study suggested that constant use of Semaglutide may be linked to development of a condition called non-arteritic ischemic optic neuropathy.

Wholesale inflation: Costly veggies once again play the spoilsport

Wholesale inflation: Costly veggies once again play the spoilsport

Rediff.com15 Jul 2024

Wholesale inflation in the country rose for the fourth consecutive month in June at 3.36 per cent on account of rise in prices of food articles, especially vegetables and manufactured items. The wholesale price index (WPI) based inflation was 2.61 per cent in May. It was (-) 4.18 per cent in June 2023.

Why Builders Won't Drop Home Prices

Why Builders Won't Drop Home Prices

Rediff.com12 Jul 2024

'What happens in the real estate market is that once the prices go up it goes on to stay at that level.' 'It might not increase and at the same time the prices will not come down too.'

Markets pare all gains; BSE, NSE end in red

Markets pare all gains; BSE, NSE end in red

Rediff.com11 Jul 2024

Among Sensex shares, Bajaj Finance, Mahindra & Mahindra, Sun Pharma, Nestle, NTPC, Power Grid, NTPC, UltraTech Cement and Larsen & Toubro were the biggest laggards. The prominent gainers were ITC, Tata Motors, Asian Paints and Titan.

Labour Pains, The Silent Crisis Undermining India's Infrastructure Boom

Labour Pains, The Silent Crisis Undermining India's Infrastructure Boom

Rediff.com11 Jul 2024

Severe skilled, unskilled shortage threatens to pull emergency brakes on India's industrial engine.

Markets tumble on profit booking; Sensex sinks 427 points

Markets tumble on profit booking; Sensex sinks 427 points

Rediff.com10 Jul 2024

In the Sensex pack, Mahindra & Mahindra tanked over 6 per cent after the company cut the prices of its SUV models to boost demand. Mahindra & Mahindra said its XUV700's fully-loaded AX7 range now starts at Rs 19.49 lakh, a price cut of over Rs 2 lakh. Tata Steel, Tata Consultancy Services, HCL Technologies, State Bank of India, JSW Steel, Tata Motors and Kotak Mahindra Bank were other losers.

Data stickiness likely to see users absorb mobile tariff hike: Analysts

Data stickiness likely to see users absorb mobile tariff hike: Analysts

Rediff.com9 Jul 2024

Consumers are unlikely to disconnect their mobile connections and will most likely absorb the up to 22 per cent tariff hike imposed last week by Jio, Airtel, and Vodafone Idea (Vi), according to analysts. The last major tariff hike in 2021 was followed by a 4-5 per cent SIM consolidation, with people leaving mobile operators with more expensive plans for their peers offering comparatively affordable options.

Sensex ends down 36 points in lacklustre trade

Sensex ends down 36 points in lacklustre trade

Rediff.com8 Jul 2024

Among the Sensex pack, Titan, Adani Ports, Tata Steel, JSW Steel, UltraTech Cement, Asian Paints, Mahindra & Mahindra and Bajaj Finserv were the biggest laggards. ITC, Hindustan Unilever, Nestle, HCL Technologies and Tata Motors were among the gainers.

Canada Open: Rajawat stuns world No 4 Antonsen

Canada Open: Rajawat stuns world No 4 Antonsen

Rediff.com6 Jul 2024

World number 39 Rajawat defeated Antonsen 21-11, 17-21, 21-19 in a gruelling one hour 19 minutes quarterfinal on Friday night.

Nifty may sport new look after Sebi's F&O tweak, expand to over 200 firms

Nifty may sport new look after Sebi's F&O tweak, expand to over 200 firms

Rediff.com6 Jul 2024

The Nifty 50 index is poised for a revamp as the revised futures and options (F&O) stock selection criteria is seen paving the way for newly listed companies to join the benchmark index, which is tracked by passive funds with combined assets under management of more than ~3.5 trillion ($44 billion). For the first time in six years, the market regulator Securities and Exchange Board of India (Sebi) has tweaked the stock selection process for the derivatives segment that clocks a turnover of ~400 trillion daily.

6 years after interfaith marriage, U'khand man moves SC for wife's return

6 years after interfaith marriage, U'khand man moves SC for wife's return

Rediff.com3 Jul 2024

A bench headed by the then Chief Justice, Dipak Misra, had on May 17, 2018 allowed the woman to go back to her parents, who claimed the 'nikahnama' furnished by Danish was fake and that he had abducted their daughter.

Satwik-Chirag don't fear any opponent at Paris Olympics

Satwik-Chirag don't fear any opponent at Paris Olympics

Rediff.com3 Jul 2024

Satwik-Chirag eyeing "great things" at Paris Olympics after cracking service variation challenge

PIX: Germany weather storm to beat Denmark, reach quarters

PIX: Germany weather storm to beat Denmark, reach quarters

Rediff.com30 Jun 2024

Kai Havertz and Jamal Musiala's second-half goals sent Germany into the Euro 2024 quarter-finals with a 2-0 win over Denmark on Saturday after their last-16 clash was delayed by thunderstorm.

Profit-booking hammers banking, finance stocks

Profit-booking hammers banking, finance stocks

Rediff.com28 Jun 2024

Among the 30 Sensex companies, IndusInd Bank, Axis Bank, ICICI Bank, Bharti Airtel, Kotak Mahindra Bank, Maruti, JSW Steel and Bajaj Finserv were among the laggards. In contrast, Reliance Industries, Tata Motors, Asian Paints, Nestle and Titan were the biggest gainers.

'Unemployment Is Higher Among Educated Youth'

'Unemployment Is Higher Among Educated Youth'

Rediff.com28 Jun 2024

'The more educated a young person is, the higher the chances of him or her remaining unemployed.'

IT Freshers: Worst Hiring In 20 Years!

IT Freshers: Worst Hiring In 20 Years!

Rediff.com25 Jun 2024

'The top five IT giants are not hiring, but most of the freshers want to start their careers with the top five IT firms.' 'In today's scenario this is a challenge.'

Informal entities in manufacturing lost 5.4 million jobs in 7 years

Informal entities in manufacturing lost 5.4 million jobs in 7 years

Rediff.com24 Jun 2024

Unincorporated enterprises in the manufacturing sector lost nearly 1.8 million establishments and shed 5.4 million jobs between July 2015-June 2016 and October 2022-September 2023, an analysis of the fact sheet on 'Annual Survey of Unincorporated Sector Enterprises (ASUSE)' and the comparable 73rd round survey in 2015-16 by the National Statistical Office (NSO) showed. An estimated 17.82 million unincorporated enterprises operated in the manufacturing sector in October 2022-September 2023, nearly 9.3 per cent down from 19.7 million unincorporated enterprises in July 2015- June 2016.

Govt postpones Sunday's NEET-PG as 'precautionary measure'

Govt postpones Sunday's NEET-PG as 'precautionary measure'

Rediff.com23 Jun 2024

The Union health ministry on Saturday said it has decided to postpone the NEET-PG entrance examination, scheduled to be held on June 23, as a "precautionary measure" in the wake of recent allegations on the integrity of certain competitive exams.

Indian women archers grab hat-trick of World Cup gold medals

Indian women archers grab hat-trick of World Cup gold medals

Rediff.com22 Jun 2024

The women's compound team thus has been unbeatable this season, having won the World Cup Stage 1 and Stage 2 gold medals in Shanghai and Yecheon in April and May respectively.

Markets end in red; Sensex falls 269 points

Markets end in red; Sensex falls 269 points

Rediff.com21 Jun 2024

Among the 30 Sensex companies, UltraTech Cement, Larsen & Toubro, Tata Motors, Nestle, Tata Steel, Hindustan Unilever, Bajaj Finance, Reliance Industries, Mahindra & Mahindra and State Bank of India were the biggest laggards. In contrast, Bharti Airtel, Infosys, JSW Steel, Tata Consultancy Services, Wipro and NTPC were among the biggest gainers.

Favourites held! England stunned by Denmark

Favourites held! England stunned by Denmark

Rediff.com20 Jun 2024

England held by Denmark after Hjulmand stunner

Eriksen's fairytale Euro comeback spoilt by Slovenia

Eriksen's fairytale Euro comeback spoilt by Slovenia

Rediff.com16 Jun 2024

Eriksen's fairytale Euro comeback spoilt by Slovenia in 1-1 Euro draw

Denmark: Men refuse pay rise, support women's football

Denmark: Men refuse pay rise, support women's football

Rediff.com14 Jun 2024

A 15 per cent decrease in the men's team insurance coverage also allowed them to upgrade the women's team coverage by 50 per cent

NSE chief cautions retail investors against derivatives trading

NSE chief cautions retail investors against derivatives trading

Rediff.com14 Jun 2024

National Stock Exchange (NSE) chief Ashishkumar Chauhan on Friday cautioned retail investors against trading in derivatives and suggested them to invest in equities through mutual fund route. He emphasized that trading in Futures & Options (F&O) derivatives should be limited to informed investors who can manage risk and comprehend the market. Recently, Finance Minister Nirmala Sitharaman and chief economic advisor V Anantha Nageswaran flagged the growing risk of F&O trading for retail investors.

Denmark fans reminded of passports for Euro 2024

Denmark fans reminded of passports for Euro 2024

Rediff.com14 Jun 2024

The temporary border controls would remain in place until July 19

Pregnant Richa Chadha Gets Cravings

Pregnant Richa Chadha Gets Cravings

Rediff.com14 Jun 2024

Film folk queued up to watch Kartik Aaryan perform in his first biopic, Chandu Champion, directed by Kabir Khan, in the film's special screening in Mumbai.

India's factory output slips to 3-month low of 5% in April

India's factory output slips to 3-month low of 5% in April

Rediff.com12 Jun 2024

India's industrial production growth slipped to 3-month low of 5 per cent in April 2024, mainly due to poor show by the manufacturing sector, though mining and power segments performed well, according to official data released on Wednesday. Factory output growth, measured in terms of the Index of Industrial Production (IIP), was 5.4 per cent in March and 5.6 per cent in February 2024. The previous low of IIP was recorded at 4.2 per cent in January, 2024.

NSE warns investors against deepfake videos of its chief recommending stocks

NSE warns investors against deepfake videos of its chief recommending stocks

Rediff.com10 Jun 2024

The National Stock Exchange (NSE) on Monday cautioned investors against deepfake videos of its MD and CEO Ashishkumar Chauhan giving investment advisories. In a statement, the exchange said it has observed the use of face/voice of Chauhan and NSE logo in a few investment and advisory audio and video clips falsely created using technology. Such videos seem to have been created using sophisticated technologies to imitate the voice and facial expressions of Chauhan.

Danish PM Mette Frederiksen attacked by man on Copenhagen street

Danish PM Mette Frederiksen attacked by man on Copenhagen street

Rediff.com8 Jun 2024

Minister of Environment Magnus Heunicke urged for national unity in the wake of the assault, emphasising the importance of collective responsibility in safeguarding one another, irrespective of "political disagreements, election campaigns."

ISSF World Cup: Sift Kaur wins bronze in women's 50m rifle 3 positions

ISSF World Cup: Sift Kaur wins bronze in women's 50m rifle 3 positions

Rediff.com7 Jun 2024

Sift shot 452.9 and missed silver by an agonising 0.1 to China's Han Jiayu, the reigning air rifle women's world champion.

Vedanta demerger gets nod from majority of creditors, including SBI: Official

Vedanta demerger gets nod from majority of creditors, including SBI: Official

Rediff.com6 Jun 2024

Mining conglomerate Vedanta Limited has received approvals from the majority of its creditors for a proposed demerger of businesses, marking an important step in the company's plan to split into six independent listed companies. "I am happy to let all of you know that we have received the 52 per cent plus the additional percentage, which is required for us to reach 75 per cent. "We have crossed that threshold as well. Most of the lenders have approved it," a senior Vedanta executive said in a recent bondholder conference call.

NSE sets world record; handles 1,971 crore transaction in single day

NSE sets world record; handles 1,971 crore transaction in single day

Rediff.com5 Jun 2024

The National Stock Exchange (NSE) on Wednesday created a world record with processing 1,971 crore transactions in a single day, its MD and CEO Ashishkumar Chauhan said. "@nseindia handled the highest ever - world record - number of transactions in a single day today on June 5, 2024, in a 6 hours and 15 minutes (915 am to 330 pm) single trading day - 1,971 crore (19.71 billion) orders per day. 28.55 crore (280.55 million) trades per day," Chauhan said on X platform (formerly Twitter).

Lead margin less than third placed candidate's votes in many seats

Lead margin less than third placed candidate's votes in many seats

Rediff.com4 Jun 2024

Majority of these constituencies are in Uttar Pradesh and the party that is on the third slot even as the counting is still underway on several seats is the Bahujan Samaj Party, a party neither with the National Democratic Alliance nor the opposition INDIA bloc.

BSE Sensex: 10 biggest single-day falls

BSE Sensex: 10 biggest single-day falls

Rediff.com4 Jun 2024

Among the 30 Sensex companies, Larsen & Toubro, Power Grid, NTPC, State Bank of India, Reliance Industries and HDFC Bank were the biggest laggards. Sun Pharma and Nestle were the only gainers.

Mayawati's BSP draws a blank, loses its relevance

Mayawati's BSP draws a blank, loses its relevance

Rediff.com4 Jun 2024

From putting up a decent performance in the last Lok Sabha polls in Uttar Pradesh winning 10 seats stitching an alliance with arch rival Samajwadi Party, Mayawati-led Bahujan Samaj Party drew a blank in the current general elections, dealing a severe blow to its reputation of representing the voice of Dalits in the state.

Sensex tanks 668 points on profit-booking

Sensex tanks 668 points on profit-booking

Rediff.com29 May 2024

Benchmark equity indices Sensex and Nifty declined nearly 1 per cent on Wednesday, falling for the fourth day running amid profit-taking by cautious investors ahead of the results of the Lok Sabha polls. The 30-share BSE Sensex declined 667.55 points or 0.89 per cent to settle at 74,502.90. It went below the 75,000 mark to hit the day's low of 74,454.55, plunging 715.9 points or 0.95 per cent.

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