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Will Indian markets buck the trend amid geo-political risks?

Have Indian equity markets decoupled? While the global equity markets have faced challenges, with declines of average 2.37% in last six months as against Nifty Fifty returns of 11.5%, India has managed to buck the trend and gain ground. The resilience and strength displayed by the Indian equity markets have led some to believe that they have decoupled from global trends. This is despite heavy selling by Foreign Institutional Investors (FIIs), who have sold close to Rs 11,000 crore in October 2023 (till 17th October). Over the past three months, FIIs have been net sellers of Rs 58,256 crore. However, …

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ITC, Maruti Suzuki, M&M among 205 BSE stocks to hit new 52-week highs; Future Retail at new low

BSE Sensex and NSE Nifty 50 were trading more than 1 per cent lower on Thursday, a day of weekly F&O expiry. So far in the trade, the 30-share index hit a day’s low of 58,638.46, and a high of 59,310. NSE Nifty 50 fell to 17,486, and rose to a day’s high of 17,696. On the S&P BSE Sensex, out of 30 stocks, three stocks — ITC, M&M, and Maruti Suzuki India — hit fresh 52-weeks high in the afternoon deals. ITC stocks hit a new high of Rs 321.70, crossing the previous high of Rs 321.40 apiece. Mahindra …

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China develops hallucination correction engine for AI models

According to Cointelegraph, scientists from the University of Science and Technology of China and Tencent’s YouTu Lab developed a tool to combat “hallucination” by artificial intelligence (AI) models. This subset of AI is expected to include GPT-4 (especially its visual variant, GPT-4V) and other systems that roll vision and/or other processing into the generative AI modality alongside text-based language modeling, Cointelegraph added. Furthermore, “They evaluated numerous “off the shelf” MLLMs using their method and concluded that Woodpecker could be “easily integrated into other MLLMs,” Cointelegraph concluded. (With insights from Cointelegraph) Follow us onTwitter,Facebook,LinkedIn

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Nifty likely to rally if it holds above 18000; follow stock specific trading strategy to pocket gains

By Ruchit Jain The September series started with long roller over of positions but most of them were by the Client section as FII’s had not carried forward many long positions. After closing above 17500 on Friday, the index started this week with a significant gap down as the global markets reacted negatively to the Fed’s statement on inflation and rate hikes. Nifty sneaked below 17200 but it recovered some of the losses which was followed by a sharp run up in Tuesday’s session to end above 17750. However, it was not done yet, post the mid week holiday Nifty …

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Harda Madhya Pradesh Assembly Constituency Election 2023: Date of Result, Voting, Counting; Candidates

Harda MP Assembly Election 2023 Details: The election for Harda Assembly Constituency in Madhya Pradesh will be held on November 17 this year. The final date of voting and result were known after the formal announcement by the Election Commission of India. Here are the important details of the Harda Constituency Assembly Election 2023 that you should know. Harda Constituency Madhya Pradesh Assembly Election 2023: Voting Date November 17 is the date of voting for the Harda Assembly Constituency Election 2023 as announced by the Election Commission of India. Harda Constituency Madhya Pradesh Election 2023: Candidates List Bharatiya Janta Party …

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India’s first international exchange growing daily turnover, working on new products | India INX INTERVIEW

Located at the strategically important GIFT IFSC, India’s first international exchange, the India INX, has set a goal to grab a quarter or more of the market share when it comes to the total offshore NDF market. Although hit by the pandemic, the exchange which operates for 22 hours in a day, has been witnessing growth in trading volumes and its average daily turnover, said V Balasubramaniam, MD & CEO, India INX in an interview with Kshitij Bhargava of Financial Express Online. Talking in detail about the exchange that currently, dealing across multi-assets like equities, commodities and currencies derivatives, it’s …

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Bulls may pull Nifty towards 17800, crucial support at 17300; 5 things to know before market opening bell

Indian share market is likely to open higher as ahead of today’s trading session, SGX Nifty was in the green, hinting at a positive start for NSE Nifty 50 and BSE Sensex. With the US market being closed on Monday for the Labour Day holiday, equity traders would be looking for cues from Asian and other global markets for Tuesday’s session. “Markets have been showing tremendous resilience amid tough global conditions however it would be hard to hold if the situation deteriorates further. Banking and financial pack have played a critical role in capping the damage so far and their …

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Petrol, Diesel Price Today, 1 Sep 2022: Fuel rates static; check rates in Delhi, Mumbai, Noida, other cities

Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Lucknow: The price of petrol and diesel has been kept steady on 1 September 2022, keeping costs steady for more than three months now. The last country-wide change in price came on 21 May 2022, when Finance Minister Nirmala Sitharaman announced a cut in excise duty on petrol by Rs 8 per litre, and Rs 6 per litre on diesel. Since then, Maharashtra is the only state to have cut rates. Maharashtra government had announced a cut in value-added tax (VAT) on petrol by Rs 5 a litre and by …

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Google to help you pin-point original source of photos you are searching for with new feature: Details

The ever-evolving landscape of media, often referred to as new media, has given rise to the spread of false information, particularly on social media platforms. In times of crisis, images can surface from obscure sources, potentially exacerbating the situation, often disseminated by anonymous individuals. This underscores the importance of not only journalists but also citizens verifying the origins of such images. A few years ago, Reuters partnered with Facebook, now Meta, to launch an online course, “Introduction to Digital Journalism,” which highlighted the growing concern about fake news and disinformation. However, it appears that Google has now offered a solution …

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Sunteck Realty Rating: buy; Pre-sales expected to double in three years

A near-doubling of Sunteck’s project portfolio has happened post-Covid and as the monetisation of land parcels commences, we see sales delivering a 25% CAGR over FY22-25E. 70%+ of sales come from the affordable & mid-income segment of the Mumbai residential sector, where competition from organised developers is limited. Net gearing is low as expansion has been via a capital-efficient partnership model. Initiate at Buy with price target (PT) set at 1-yr forward net asset value (NAV) of Rs 621/share. Pre-sales set to jump: We believe Sunteck is on a path to double its pre-sales to Rs 25 bn in three …

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