Will Nifty reclaim 24,900 on Thursday- See GIFT Nifty, FII data, F&O, crude, and more before market opens

GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 might see a higher opening on Thursday. Here is all you need to know before the market opens.

GIFT Nifty was up 75.50 points, or 0.30%, at 24,891 indicating a positive start for the domestic indices NSE Nifty 50 and BSE Sensex on Thursday. Previously, on Wednesday, the NSE Nifty 50 closed 71.35 points or 0.29% higher to settle at 24,770, while the BSE Sensex rose 102.44 points or 0.13% to finish at 80,905.30.

Key things to know before share market opens on August 22, 2024

Wall Street

US markets closed on a higher note on Wednesday as the Fed’s July FOMC minutes of the meeting revealed a dovish stance on rate cuts. The broader…

Vodafone Idea’s Rs 18,000 crore FPO kicks off today- Here is all you need to know

Vodafone Idea’s Rs 18,000 crore Follow-on Public Offer (FPO) opens for subscription today, Thursday, April 18, and will close on Monday, April 22.

The FPO price band has been set between Rs 10 to Rs 11 per share, with a minimum bid limit of 1,298 equity shares and subsequent bids in multiples thereof.

Market experts have expressed optimism about the FPO, with all signs pointing towards a bullish outlook. The total offer size amounts to Rs 18,000 crore, consisting of fresh equity shares.

Meet Subhasish Chakrab…

Top firms add 400,000 retail shareholders by December-end

Buoyant on the rising markets, India’s top 10 companies by retail shareholders added a total of 400,000 investors during the three-month period ended December, with Yes Bank topping the charts for the fifth straight quarter.

The number of firms having more than 1 million retail shareholders rose to 26 from 24 on September 30, 2023, with fintech major Paytm and public sector unit NHPC crossing the milestone. Paytm had more than 1 million retail shareholders as of June 2023, but dipped below the mark in September, according to data sourced from Capitaline.

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FPIs turn cautious, pull out Rs 13,000 cr from Indian stocks in Jan

By the end of December, the tota…

Vodafone Idea jumps 2% on plans to raise Rs 2,458 crore equity from Nokia, Ericsson

The share price of Vodafone Idea jumps 2% to intra-day high of Rs 16.38 after the company announced plans to raise up to Rs 2,458 crore through a preferential share issue to its European equipment vendors Nokia and Ericsson. This move aims to clear a portion of their pending dues and support the telco’s expansion of 4G services and rollout of 5G technology.

In a statement on Thursday, VIL’s board of directors approved a preferential allotment of 1.66 billion equity shares at Rs 14.80 per share. Nokia of Finland will invest up to Rs 1,520 crore, while Ericsson of Sweden will invest up to Rs 938 crore.

The issue price represents a 35% premium over the April follow-on offer (FPO) price of Rs 11 per share and includes a six-month lock-in period. Following the…

Titan slumps 4%! Is the domestic jewellery business losing sheen-

Titan’s stock saw deep cuts as the Tata Group firm reported sluggish growth in its jewellery business for the first quarter of FY25, much to the disappointment of investors. Shares of Titan fell sharply by 3.46% to Rs 3,156.15 apiece on the BSE, marking the fifth consecutive trading session of losses.

According to Titan’s quarterly business update released on July 5, the company registered a year-on-year (YoY) growth of 9% in Q1FY25. However, its domestic jewellery operations recorded a modest 8% YoY growth, influenced by weakened consumer demand attributed to higher gold prices and fewer wedding days.

Titan highlighted that domestic growth primarily stemmed from an increase in average selling prices, whereas buyer growth remained in the low single digits…

Can Climate Policy Survive the GOP-

In the year since the Inflation Reduction Act (IRA) became law, I’ve heard versions of the same question keep coming up on the road from people interested in taking advantage of the law’s programs: will the incentives last if Republicans take over?

It’s a good question. The law received zero Republican support in Congress, and, in the past, Republicans have made overturning influential Democratic policies a centerpiece of their agenda, a trend underscored at last week’s Republican presidential debate where leading GOP presidential candidates trashed the Biden Administration’s climate agenda. Entrepreneur-turned-politician Vivek Ramaswamy called the climate agenda the “wet blanket on our economy” and promised a “war” on “toxic regulations.”…

OpenAI Pauses ChatGPT Voice

Scarlett Johansson said Monday that she was “shocked, angered and in disbelief” when she heard that OpenAI used a voice “eerily similar” to hers for its new ChatGPT 4.0 chatbot, even after she had declined to provide her voice.

Earlier on Monday, OpenAI announced on X that it would pause the AI voice, known as “Sky,” while it addresses “questions about how we chose the voices in ChatGPT.” The company said in a blog post that the “Sky” voice was “not an imitation” of Johansson’s voice, but that it was recorded by a different professional actor, whose identity the company would not reveal to protect her privacy.

But Johansson said in a statement to NPR on Monday that OpenAI’s Chief Executive Officer Sam Altman had asked her in September to voice the…

Bill Ford on Michigan Central, Detroit and EV Politics

Bill Ford, the executive chair of Ford Motor Company, partly credits his experience in Silicon Valley with helping him come up with a plan to restore Detroit’s Michigan Central Station. The 111-year-old Beaux-Arts building, designed by the same firm that did New York City’s Grand Central Station, had fallen into disuse after closing in the 1980s, becoming a symbol for the city’s decline—something Ford had long wanted to change. 

Ford, a great-grandson of the automaker’s founder, Henry Ford, served on eBay’s board in the early 2000s and later went on to found a venture-capital firm to invest in the future of mobility. “I was acutely aware of all the vitality, all the startup energy, and all the funding available for new ideas in the Valley—and I would come back…