Meta in talks over Scale AI investment that could exceed $10 billion: Report
The terms of the deal were not yet finalized and could still change, the report said, citing people familiar with the matter.
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Mint
22 minutes ago
- Mint
Stocks to buy under ₹100: Experts recommend six shares to buy today
Stocks to buy under ₹ 100: The Indian stock market added to its rally on Monday, lifted by positive global cues amid signs of progress in US tariff negotiations and the central bank's bumper monetary policy measures like the repo rate and CRR cut. The Nifty 50 rose 0.4% to 25,103.2 to an eight-month high, while the BSE Sensex gained 0.31% to 82,445.21. The gains in the broader market beat that of the benchmarks as the small-cap index added 1.6% and the mid-cap index jumped 1.1% Twelve of the 13 major sectors on the NSE advanced. Nifty Private and Nifty PSU Banks advanced 1.03% and 1.52%, respectively. Nifty Financials added 0.5%. The outlook for the Indian stock market remains firm on the back of strong domestic and global cues. Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services, said, "Overall, we expect the market to continue its gradual up-move, on the back of strong domestic cues - better than expected Q4 corporate earnings, RBI's liquidity-boosting measures, above average monsoon forecast and the likely US-India trade deal." Meanwhile, commenting on the technical outlook for Nifty 50, Rupak De, Senior Technical Analyst at LKP Securities, said, "The Nifty has finally broken out of its prolonged consolidation on the daily timeframe. Market sentiment appears positive, with the index sustaining well above the crucial 50-day moving average (50DMA)." A golden crossover on the daily chart has been supporting the bullish sentiment. Following the breakout, a rise towards 25,350 looks likely, he said, adding that a decisive move above this level could trigger a rally towards 25,700. "On the downside, support is placed at 24,850; a breach below this level may lead to a shift in sentiment," De said. Regarding stocks to buy today, market experts Sumeet Bagadia, Executive Director at Choice Broking; Sugandha Sachdeva, Founder of SS WealthStreet; Anshul Jain, Head of Research at Lakshmishree Investment and Securities and Mahesh M Ojha, AVP - Research at Hensex Securities buying these six intraday stocks under ₹ 100: Reliance Power, NMDC, MIC Electronics, Imagicaaworld Entertainment, Asian Granito India and Hindustan Construction Company (HCC). 1) Reliance Power: Buy in cash at ₹ 64.62, target price at ₹ 71.62, stop loss at ₹ 62.35 2) NMDC: Buy in cash at ₹ 74, target price at ₹ 79.18 and stop loss at ₹ 71.41 3) MIC Electronics: Buy at ₹ 66, target price at ₹ 82-90, stop loss at ₹ 55 4) Imagicaaworld Entertainment: Buy at ₹ 73.50, target price at ₹ 80, stop loss at ₹ 70 5) Asian Granito: Buy at ₹ 60.25-61.25, target price at ₹ 64, followed by ₹ 67 and ₹ 70; stop loss at ₹ 58.70 6) HCC: Buy at ₹ 35.15-36.15, target price at ₹ 38, followed by ₹ 41, ₹ 44 and ₹ 47
News18
29 minutes ago
- News18
Stocks To Watch: Wipro, Tata Power, Jana SFB, Tech Mahindra, Zomato, And Others
Last Updated: Stocks to watch: Shares of firms like Wipro, Tata Power, Jana SFB, Tech Mahindra, Zomato, and others will be in focus on Tuesday's trade Stocks to Watch on June 10, 2025: Markets started the week on a strong footing, extending Friday's rally and gaining nearly half a percent. In today's session, stocks like Wipro, Motilal Oswal, Jana Small Finance Bank (SFB), Force Motors, and Tech Mahindra will be in focus amid key developments. Wipro Promoter entity Azim Premji Trust has sold 20.23 crore shares of Wipro worth Rs 5,057 crore through a block deal. Motilal Oswal The Securities and Exchange Board of India (SEBI) has imposed a Rs 3 lakh fine on Motilal Oswal Financial Services (MOFSL) for regulatory violations. Tech Mahindra Lakshmanan Chidambaram, President of Tech Mahindra Americas' strategic vertical business, has announced his retirement effective June 30. Zomato Parent company Eternal has introduced a new long-distance fee for restaurant partners on orders beyond 4 km, aimed at enhancing profitability and improving delivery partner payouts. Tata Power Tata Power announced that its subsidiary, TP Solar, has surpassed 4 GW of solar module output at its Tamil Nadu plant, producing a cumulative 4,049 MW of solar modules and 1,441 MW of solar cells as of May 31, 2025. Zee Entertainment has entered into a strategic equity partnership with start-up Bullet, co-founded by Azim Lalani and Saurabh Kushwah. This marks Zee's first investment since its shift to a content and technology company. Glenmark Pharmaceuticals Glenmark is preparing to launch Zanubrutinib, branded as 'Brukinsa,' in India after receiving approval from the Drugs Controller General of India (DCGI). The drug is a significant advancement in treating certain blood cancers. Mahindra & Mahindra Mahindra & Mahindra has increased its stake in Mahindra & Mahindra Financial Services (MMFSL) through the allotment of shares in MMFSL's rights issue. Jana Small Finance Bank Jana SFB has filed an application with the Reserve Bank of India (RBI) to transition from a small finance bank to a universal bank, in line with RBI's licensing guidelines. Vishnu Prakash R Punglia (VPRPL) CARE Ratings has downgraded VPRPL's ratings and outlook on its short and long-term bank facilities, revising the long-term rating to CARE BBB with a negative outlook from CARE BBB+ with a stable outlook. Disclaimer:Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions. First Published: June 10, 2025, 07:41 IST
Mint
30 minutes ago
- Mint
Our trade ambitions should make us look across as many seas as we can
In a world recoiling from America's secession from the global economy under US President Donald Trump, India's policymakers have to answer three questions. One, does international trade remain an instrument of improving efficiency in production and consumption? Two, does US abdication of its traditional leadership of the rules-based global system mean the end of rules for mutual engagement among other nations? And, three, do regional trade blocs make sense for a country like India? Clarity was provided on these matters by former Planning Commission deputy chairman Montek Singh Ahluwalia in a recent media interaction. As a believer in the benefits of globalized growth, he said he would like India to shed some of the additional layers of protection it has adopted, particularly since 2017. Further, he would like India to join some of the regional trading arrangements India had been invited to but walked away from. Also Read: India should reconsider its rejection of the RCEP trade bloc We are in broad agreement with this approach. As the US withdraws behind tariff walls, India's government should go for greater trade openness—not just to counteract its effects, but to foster a more efficient economy on the whole. In terms of the diversity, sophistication and scale of capabilities that our overall economy and workers represent, ours is the only country that can host the supply chains that much of the rich world would like shifted out of China, at least in part. Not that the West should or can decouple entirely from China. But diversifying factory locations offers insurance cover against calamitous disruptions enabled by any geographic concentration of production. While Vietnam, Thailand and Malaysia have attracted more nodes in supply networks from China than we have, that does not contradict the proposition of India's potential as the world's next big factory. Rather, it speaks of an opportunity waiting to be exploited. For our production base to turn export oriented, it must be able to rely on easy and predictable imports of inputs and other needs. It also requires our cost base to go down in general; falling tariff protection can do this by slowly exposing domestic players to competition and driving business efficiency. Also Read: The time is right for a reset of India's trade ties with China Our tariff rates need to be uniformly in single digits across categories—be it finished goods, components or material inputs—so that import policy does not distort how market forces allot value addition; let sectors with a competitive edge emerge on their own. The big aim should be global competitiveness, for which we must learn to compete globally, not just bilaterally with select partners. Lower barriers to our markets for a wide range of players would let local firms test themselves against the world's best. Since we lack an edge in several sectors right now, some early-stage protection and state support is justified, but only to be gradually withdrawn. One way to pre-set protective shields on a downslope is for India to join trade blocs that span dynamic parts of the globe. Also Read: Mint Quick Edit | Is China's mediation game a hegemony play? In 2019, India gave up on the Regional Comprehensive Economic Partnership in anxiety over Beijing's role in it. China's record on fair trade is scandalous, no doubt, but there is also the Comprehensive and Progressive Trans-Pacific Partnership, which excludes China but includes Japan, the UK, Canada, Australia, New Zealand, Mexico and Chile, besides Vietnam, Brunei, Singapore and Malaysia. As Trump-battered world trade goes into turmoil, let's broaden our global engagement. Bilateral pacts are welcome, of course, but it's best to look across as many seas as we can to meet our trade ambitions.
