Business Samachar

Downgrade Of Gold Price Outlook Gemstones To Marketplace Offering! Mikimoto Love Pearls Digital Campaign Mehul Shah Resigns From The BDB Board! According to the utmost reliable sources, Mehul Shah has resigned from the Managing Committee of the most prestigious global diamond bourse, Bharat Diamond Bourse (BDB) as a Vice President. Since the inception, BDB enjoyed the stature of the largest diamond bourse on the planet earth for a long time. While the globe was busy with Chandrayaan 3 and focusing the soft landing on 23, celebrating on very next day,  Mehul shah resigned from the one of the largest global diamond bourse- BDB of 4K members, on the August 24, 2024. Mehul Shah served for the 22 valued years in the BDB. He, first elected in the BDB Managing Committee in the year of 2002 and he had served as the Vice President from 2010. In the meantime, Mehulbhai, also serve as Treasure General of World Federation of Diamond Bourses, World’s biggest and oldest trade federation with 30 ...

 

New history in the stock market: Sensex crosses 65,200 for the first time ever Posted by NILESH WAGHELA Mumbai: The stock market is preparing for a new record every day.  Sensex surpassed the level of 65,200 and Nifty above 19,300 points, for the first time in the history of the stock market during the session. With the bullish trends in the world markets and especially due to the heavy buying of foreign institutional investors (FII), the stock market is witnessing a strong bullish weather. Bullish signs were present from the pre-opening session today.  In the pre-opening of the market, the Nifty reached a record high and the Bank Nifty was also trading at a record high.  The stock market is trading at a record high for the third day in a row.  Nifty crossed 19250 for the first time and Bank Nifty crossed 45,000 for the first time. Whereas, the Sensex crossed 65,000 for the first time. Of course, profit booking has washed away some of the gains.  At the time of ...

  પ્રભાવતી ગ્રૂપ દ્વારા ગૌશાળામાં છપ્પનભોગના મનોરથનું આયોજન Poated by: Nilesh waghela મુંબઈ:  પ્રભાવતી ગૌશાળા ગ્રૂપ દ્વારા વિરાર ખાતે સકવાર ગૌશાળામાં છપ્પનભોગના મનોરથનું આયોજન કરવામાં આવ્યું હતું.  આ પ્રસંગે આ મંડળના સૌ સભ્યોએ ગૌમાતાની સેવાનો લાભ લીધો હતો. આ સમાજસેવી સંસ્થા દર મહિનાના પ્રથમ શનિવારે ગૌશાળામાં ગાયમાતાને લીલા ઘાસથી માંડી કલિંગર અને લાડુ લાપસી પીરસવા ઉપરાંત  તેમની સારસંભાળ અને સુખાકારી માટે અન્ય વ્યવસ્થાનું આયોજન પણ કરે છે.  તાજેતરમાં જ સંસ્થાએ નવી પ્રવૃત્તિ અંતર્ગત સમાજના નીચલા વર્ગ માટે અનાજ અને અન્ય જરૂરિયાતની ચીજવસ્તુઓના વિતરણ નું આયોજન પણ કર્યું હતું.  સેવાકાર્યના ઉદ્દેશ સાથે આંગળીના વેઢે ગણાય એટલા કાર્યકરો દ્વારા રચાયેલા આ બિનસરકારી સંગઠનમાં અનેક લોકો જોડાતા સંગઠન ક્રમશઃ મોટા વટવૃક્ષનું સ્વરૂપ ધારણ કરી રહ્યું છે.

Sensex at new High,    What fuels the Market?  Posted by : NILESH WAGHELA Mumbai: Stock market with full bullish mood kept rally continue for third session.  FIi buying is the key reason for this rally. Let's check what expert stamps the reasons.  IT and auto stocks helped India's benchmark indexes hit fresh record highs on Friday, after robust economic data from the United States eased fears of a slowdown and improved broader sentiment. The Nifty 50 rose as much as 1.21% to hit an all-time high of 19,201.70, before closing at 19,189.05. The S&P BSE Sensex also gained 1.26% to settle at a fresh record of 64,718.56. The Nifty 50 has risen over 10.5% in the three months ended June 30, its best performance since the September quarter of 2021. The benchmark also logged its best week in over 11 months and extended gains for the fourth month in a row. Analysts cited strong foreign inflows, cooling inflation, and steady corporate earnings growth as key reasons for ...

  Nifty at record high but why global brokerage firm remains cautious?  Posted by: NILESH WAGHELA  MumbaI: Despite Nifty crossing the 19,000 mark for the first time with $10 billion in foreign institutional investor inflows, global brokerage firm CLSA remains cautious on Indian equities. Nifty on Wednesday zoomed past its December 1 record high level in style to cross the 19,000 mark for the first time. Global brokerage firm CLSA, which had taken a 40% underweight stance on Indian equities in November 2022, said there are five reasons why it isn't changing its mood. "We remain cautious for now, given exceedingly rich valuations, margin erosion depleting India’s relative profitability, consensus EPS growth expectations remaining too  optimistic (certainly versus the delivered track record), the RBI likely lagging EM central banks in the timing and scale of policy easing, and our econometric model signalling the market is 14% overbought," CLSA said in a report. Accordi...

Sensex, Nifty end at new record high Posted by Nilesh Waghela Mumbai: Benchmark index Nifty 50 hit a fresh all-time high of 19,003.20 on Wednesday, surpassing the 18,887.6 level the benchmark index hit on 1 December, 2022. Nifty 50 took 142 trading sessions to achieve the record.  Sensex hit an all-time high of 64,012.16 as well after hitting a high last week at 63,601.71. Year to date, Nifty 50 has risen around 800 points from 18,197 to achieve this level.  Over the past three months, the index has surged over 2,000 points and maintained its upward momentum from the low of 16,828 it hit earlier this year, surging 12.4%.  The top gainers on the Nifty 50 index currently are Adani Enterprises, Adani Ports & SEZ, Eicher Motors and Titan, with Adani Enterprises up over 4%. “NSE Nifty 50 moved up smartly following a doji formation on the daily chart. The short-term trend looks green from here, on the upside, the index might witness a rally towards 19,000. On the lower end,...

  Amazon to invest an additional $15 bn in India over the next 7 years This will take Amazon's total India investment across all businesses to $26 billion POSTED BY NILESH WAGHELA Mumbai: Amazon is upping its investment in India by committing an additional $15 billion in the country over the next 7 years. This will take Amazon's total India investment across all businesses to $26 billion. The announcement came as Amazon CEO Andy Jassy met Indian Prime Minister Narendra Modi in the US. In a tweet, Jassy said, “Discussed Amazon’s commitment to invest $26B in India by 2030; working together we will support startups, create jobs, enable exports, and empower individuals and small businesses to compete globally.” According to the Amazon.in blog post, Amazon has pledged to digitise 10 million small businesses, enable $20 billion in exports, and create 2 million jobs in India by 2025. Currently, Amazon India has already digitised over 6.2 million small businesses, enabled over $7 billi...

STOCK MARKET: WHERE IS NSE NIFTY HEADED?  POSTED BY: NILESH WAGHELA Mumbai: Benchmark indices NSE Nifty 50 and BSE Sensex ended Friday’s session deeply in red. The Nifty 50 sank 105.75 points or 0.56% to 18,665.50 and Sensex tanked 259.52 points or 0.41% to 62,979.37. In sectoral indices, Bank Nifty fell 101.95 points or 0.23% to 43,622.90, Nifty Auto tumbled 1.03%, Nifty IT sank 0.89%, Nifty Metal plunged 2.48% and Nifty PSU Bank declined 1.18%. The top gainers on Nifty 50 were IndusInd Bank, Dr Reddy’s Laboratories, Asian Paints, Bharti Airtel and NTPC while the losers were Adani Enterprises, Adani Ports, BPCL, Hindalco and Divis Laboratories. “Global central banks are currently focused on addressing inflation and have reiterated their commitment to reaching their target levels, as evidenced by the hawkish commentary from Powell and the unexpected rate hike by the Bank of England. The downward revision of earnings guidance by a major US tech company Accenture has raised concerns ...

  "Pretty Errors," A wealth of positivity POSTED BY NILESH WAGHELA Mumbai: Palak Doshi's book of poems, "Pretty Errors," is a source of strength that encourages readers to face life's challenges with courage. Doshi's words provide a powerful perspective on love, hope, and healing, resonating deeply with readers. In "Pretty Errors," Doshi shares an ideology that urges readers to fearlessly confront the unexpected twists and turns of life. Her poems offer gentle guidance through the complexities of emotions and relationships. Doshi invites us to explore our vulnerabilities and embrace our imperfections as part of being human. Love takes center stage in the collection, depicted in all its different forms. Doshi skillfully captures the highs and lows of love, providing an honest portrayal of this universal emotion. Her heartfelt verses allow readers to experience the joy, pain, and transformative power of love firsthand. Through her words, Doshi re...

Stock-specific action and global cues will be the key market movers today FIIs sell equities worth Rs 1,030.90 crore on Monday DIIs sell Rs 365.20-crore worth of equities on Monday Oil prices slip marginally in early trade SGX Nifty is suggesting a lower opening for domestic indices for a second straight day on Tuesday. At 7:15 AM, the index was 45 points down at 18,829. Stock-specific action and global cues will be the key market movers today. In Asia, markets lacked firm direction owing to nil cues from Wall Street, which was shut on Monday on account of Juneteenth holiday.  Mainland Chinese markets were mixed following the rate cut announcement wherein China's one-year and five-year loan prime rate have been slashed by 10 basis points. The Shanghai Composite was down 0.22 per cent, while the Shenzhen Component gained 0.24 per cent.  In Australia, the S&P/ASX 200 climbed 0.32 per cent, while Japan's Nikkei, too, reversed losses to edge 0.17 per cent higher. South Korea...

  C0lorbar Cosmetics will open 100 new stores  in the Western region Colorbar celebrates its stellar Beauty Advisors in Mumbai with Mr. Samir Kumaar Modi, Founder and Managing Director, Colorbar Cosmetics,  and the winners of Femina Miss India 2023. Posted by: NILESH WAGHELA   Mumbai: Colorbar Cosmetics, one of India’s leading cosmetics brands, is pleased to announce its retail expansion plans for Maharashtra, one of the most significant markets in the West region of India. With an extensive presence across 200 cities in India, Colorbar aims to strengthen 100 new stores in the in the West region, out of which 78 will be in Maharashtra, which is a testament to its unwavering dedication to broadening its reach across the country. The brand is set to expand its reach to 20 more cities in India in 2023, with Mumbai, Pune, Nashik, Amravati, Nagpur, and Kolhapur leading 50% of the expansion.  Speaking on the subject, Mr. Samir Kumaar Modi, Founder and Man...

Mankind Pharma surged 20% on market debut Posted by NILESH WAGHELA Mumbai: Mankind Pharma Ltd surged 20% on its stock market debut. Global brokerage firm Macquarie initiated coverage with an "outperform" rating ahead of its listing, citing sales outperformance and improved productivity as growth drivers. Mankind Pharma got listed at 20% premium to the IPO price. The primary market saw an IPO hitting after a long gap, thus the interest was high.  Moreover, the healthcare sector was a laggard over last one year but started seeing traction over last two months as the monthly pharma data showed improvement.  Thus, Mankind Pharma received good response from its anchor clients given its domestic-focused business with strong brand recall in both chronic and consumer healthcare segment. Given its healthy financial track record, domestic focus and extensive network, Mankind is likely to continue doing well. - Hemang Jani, Head of Equity Strategy, Motilal Oswal Financial Services, said...

What will be the next move  of the market? Posted by : NILESH WAGHELA   The bulls were stunned and the bears rejoiced by the sudden and unexpected blow of a report that feared a possible side effect that  HDFC and HDFC Bank's merger may result in outflow of around $150-200 million. Now the question is, will Nifty slip below 18,000?...and what will be the next level? Benchmark indices NSE Nifty and BSE Sensex ended the last trading session of the week deeply in the red, dragged by HDFC twins. The NSE Nifty 50 crashed 186.8 points or 1.02% to 18,069.00 and BSE Sensex tanked 694.96 or 1.13% to 61,054.29.  In sectoral indices, Bank Nifty plunged 1,024.25 points or 2.34% to 42,661.2 and Nifty Financial Services 455.5 points or 2.34% to 19,023.85. The top gainers on Nifty 50 were Titan, Maruti, UltraTech Cement, Nestle and Apollo Hospital while the losers were HDFC Bank, HDFC, IndusInd Bank, Hindalco and Tata Steel. Let's check what experts say about future possibilities f...

   NYKAA, ZOMATO MAY SOON LOSE LARGECAP TAG Mumbai: The last week was in favour of the bulls on Dalal Street as benchmark indices managed to cross crucial hurdles following the Reserve Bank of India's decision to pause interest rate hikes.  Nifty50 settled a tad lower than 17,600 points but clocked gains for the second consecutive week. While the overall trend for the market remains positive with a weak dollar and falling US bond yields, analysts do not see significant upside for the index in the coming week, as crucial events are lined up. Meanwhile, NAYKAA, ZOMATOAMONG 10 STOCKS THAT MAY SOON LOSE THEIR LARGECAP TAG!  The Association of Mutual Funds in India (AMFI), as part of its semi- annual categorisation rejig, can downgrade these 10 largecaps to midcaps. Largecaps are the firms ranked 1-100 based on their six- month average of their market cap.

Any housewife can become entrepreneur:   Trupti Lakhani Posted by Nilesh waghela Any common woman, housewife can start business and become entrepreneur, says Trupti Lakhani, a leading name in the field of resellers.  Master of marketing skiil,  Trupti advise womens to start something herself to gain fianancial independence, reputation and self satisfaction.  Talking about herself, she said, I am Direct Seller of Natural Herbal and Ayurvedic products.which has Health care,Personal care, Home care,Colour cosmetics and Agriculture n many more daily useable products.  All are organic n safe to use, mostly all products are Jain n cruelty free specially Colour cosmetics are vegan. After join as Direct Seller it's  plays very important role in my life I got my identity, feel many changes in my life  day by day get more knowledge , training,  self update, self motivated, information about Our Ayurveda.  I have tried each n every products, and found t...

Dr. Poonam k  GALA;  Healer With A Loving Heart Posted by Nilesh waghela When God created Woman, he not only made us with basic qualities of loving,Caring and Sharing with a soft heart, but also made us Strong Willed with many inborn or cultivated inner talents,which sometimes lay dormant in most of us,but shine at times when we least expect them, say's Dr. Poonam K Gala,  healer and Reiki and Vastus specialist.  In an interview with BUSINESS SAMACHAR, on an occasion of First anniversary of JEWEL PALACE, whole sale shop for Cristal, gem stones & vastu material, she said, My mission is 'Har Ghar ek Healer' i want people to believe more into healing without supplements and reduce the intake of medicines as all medicines do have some or the other side effects which lead to many  other problems in the near future . While healing has no side effects just positive energies healing you naturally through the power of universe. She is Tarot and angel card reader, sou...

  Nifty may head towards 17600 Posted by Nilesh waghela Indian shares were muted on Monday, the first trading session of the financial year, amid rising inflation concerns due to a surge in oil prices after a surprise output cut by the OPEC. However as concerns around the global financial crisis is subsided, most of technical analysts opined that crude may keep equity market volatile in a holiday-shortened week, but Nifty may head towards 17600 in coming days. The focus will be on RBI policy and also on foreign portfolio investors’ trading activity, they added. Equity markets will remain closed on Tuesday for ‘Mahavir Jayanti’ and on Friday on account of ‘Good Friday’. 'Investment by FIIs, who are turning out to be small net buyers, and DIIs will be monitored. The market will also have an eye on the RBI MPC meeting. The RBI policy outcome is scheduled for April 6,” said Senior Technical Analyst Ltd. This week is also a holiday-shortened one and scheduled events and data would keep ...

will it be the last rate hike of the current cycle? posted by NILESH WAGHELA  MumbaI: The Reserve Bank of India is likely to raise the repo rate by 25 basis points or 0.25 % on April 6 as inflation continues to remain above its comfort zone of 6%, as retail inflation above RBI's comfort zone. However, some economist expect Interest rates to come down after that.  A poll of economists conducted by news agency Reuters indicated that the RBI would hike rates in the upcoming policy review and then pause for the rest of the year. But will that be the central bank's last rate hike of the current cycle? According to economists, it is likely that the central bank would leave room for future hikes, given the evolving inflation trend in India and around the globe. Retail inflation has remained above the RBI’s upper tolerance band of 6 per cent for two straight months. While it reached 6.52 per cent in January, it only cooled off slightly to 6.44 per cent in February. This is why the cen...

 શેરબજારમાં પોઝિટિવ ટ્રેન્ડ!   શું સબ સલામત છે?   નિલેશ વાઘેલા મુંબઇ: બિસ્માર સિલિકોન વેલી બેંકના એક્વિઝિશન માટે વાટાઘાટો આગળ વધી હિવાના અહેવાલો બાદ સોમવારે ભારતીય શેરબજારમાં સુધારો જોવા મળ્યો હતો, જોકે એ નોંધવું રહ્યું કે વૈશ્વિક બેંકિંગ સિસ્ટમમાં સંક્રમણની આશંકા તો હજુ ઝળૂંબી જ રહી છે.  હેવીવેઇટ ફાઇનાન્શિયલ ઇન્ડેક્સમાં 0.3% ના સુધારા સાથે, 13 મુખ્ય ક્ષેત્રીય ઇન્ડેક્સમાંથી આઠમાં સુધારો જોવા મળ્યો છે.   મેટલ્સ ઇન્ડેક્સ 0.8% વધીને ટોચના સેક્ટોરલ ગેનર બન્યા હતા, જેમાં શુક્રવારે બે ટકાથી મોટો કડાકો નોંધાયો હતો. અલબત્ત, ફર્સ્ટ સિટીઝન્સ બેન્કશેર્સ ઇન્ક દ્વારા સિલિકોન વેલી બેંકના સંભવિત એક્વિઝિશનના અહેવાલોને કારણે સેન્ટિમેન્ટમાં સુધારો તો આવ્યો જ છે, પરંતુ બીજી તરફ ધિરાણની તંગી અંગેની ચિંતા યથાવત રહી છે. તાજેતરના બેંકિંગ કટોકટીના સંભવિત પરિણામને ધ્યાનમાં લેતા સત્તાવાળા હાઈ એલર્ટ મોડમાં છે.  યુ.એસ. ફેડરલ રિઝર્વ અને યુરોપિયન સેન્ટ્રલ બેંકના અધિકારીઓએ જણાવ્યું હતું કે તેઓ ક્રેડિટ ડિફોલ્ટ સ્વેપમાં ચાર વર્ષની ઊંચી સપાટીએ પહોંચવાને પગલે ડ્યુશ બેંકના શેરમાં ઘટ...