Author: Supriya Jena

  • Top Smallcap Stocks Soaring This Week: Weekly Gains Revealed!

    Top Smallcap Stocks Soaring This Week: Weekly Gains Revealed!

    This Friday, the stock market bounced back, helping struggling indices end the week positively. Lower food prices and increased costs for everyday products helped certain sectors do really well. Investors are also excited about more spending from the U.S., which is boosting the tech sector (IT).

    Despite a week full of ups and downs, some small companies’ stocks hit their best prices in a year. Here are 8 smallcap stocks that did especially well this week, according to Niftystat:

    – Centum Electronics: The stock reached a new high of ₹2,381.20, bringing in returns of 36.8% this week.

    – Sunflag Iron and Steel Company: This company’s shares climbed to ₹280, gaining 27% WoW.

    – Gokaldas Exports: Stock prices hit ₹1,210, producing a 23.4% increase.

    – Greaves Cotton: Their shares reached ₹259.50, resulting in a 22% rise.

    – Kitex Garments: The stock reached ₹879.10, giving it a weekly gain of 22%.

    – Gujarat Industries Power Company: Shares hit ₹270, bringing in a weekly return of 17.2%.

    – Indo Count Industries: The stock reached ₹450.45 this week, giving almost 17% returns.

    – Vidhi Specialty Food Ingredients: This stock hit its highest at ₹569.55, resulting in a 15.5% rise this week.

    (Information gathered from Ritesh Presswala)

    (Heads up: The recommendations and views here are from experts and do not reflect the opinions of Niftystat)

  • Market Volatility: Impact of Trump’s Election on Global Economies

    Market Volatility: Impact of Trump’s Election on Global Economies

    Recently, there has been a lot of ups and downs in the financial markets, especially after Trump won the US presidential election and the Republicans gained control of Congress. Good news comes from the latest reports showing the US economy is doing well, but inflation could be a problem. People wonder if the Federal Reserve (the US bank) will cut interest rates at their upcoming meeting in December. Right now, many believe there is an 86% chance that the Fed will lower rates, up from 64% last month.

    Meanwhile, the economies in Europe and China are struggling. The European Central Bank is likely to lower rates soon, and China may introduce more money to help its economy in early 2025. There is a chance that Japan’s central bank might not raise rates next week. Because of these differences in economic health, the US dollar is getting stronger against other currencies.

    President-elect Trump has also warned that if BRICS countries (Brazil, Russia, India, China, and South Africa) create a common currency, they might lose access to US markets, which could hurt their currencies. The Chinese Yuan is getting weaker, but China’s central bank is trying to stabilize it. The Indian Rupee is doing a bit better than other Asian currencies because the Reserve Bank of India (RBI) is stepping in to help. However, it’s still declining against the dollar after a poor GDP report.

    The RBI has lowered growth predictions and increased its inflation estimates. They have cut the Cash Reserve Ratio (CRR) by 0.5% to help banks. With a new RBI governor, many think a rate cut is coming soon. This could put pressure on the Rupee, but the government’s goal of reducing its budget deficit means that monetary policy may have to shift to support growth.

    On a brighter note, foreign investments in Indian stocks have bounced back in December after two months of money leaving the market. This has helped the Nifty index recover about 6% from its lows. There are hopes for interest rates and bonds to go down further, creating a potential exit point for investors.

    In summary, the financial market’s ups and downs since Trump’s election might continue as he takes office. It seems like a calmer period is behind us.

    (Disclaimer: The views expressed here are personal opinions and do not represent the views of NiftyStat.)

  • Allu Arjun Released on Bail: A Heartfelt Family Reunion!”

    Allu Arjun Released on Bail: A Heartfelt Family Reunion!”

    Allu Arjun, a popular actor, was arrested on Friday but was released from Chanchalguda Jail on Saturday morning. The Telangana High Court gave him temporary bail for four weeks. His family and friends have been visiting his home in Jubilee Hills to support him.

    Surekha, the wife of actor Chiranjeevi, showed strong emotions as she hugged Allu Arjun tightly when he came home. In videos, we can see how happy she was to see him. Allu Arjun’s father, Allu Aravind, smiled as he watched them. They chatted, and Allu Arjun even kissed Surekha’s hand and forehead. Director Sukumar joined them, holding Surekha’s hand during the conversation.

    Chiranjeevi arrived at Allu Arjun’s place on Friday, looking worried but supportive. Several celebrities came to visit him after he got out of jail, including Rana Daggubati and Naga Chaitanya. Many producers have been with Allu Aravind to help the family since the arrest.

    The trouble began when Allu Arjun attended the premiere of “Pushpa 2: The Rule” on December 4 with his wife and co-star Rashmika Mandanna. Lots of fans showed up, which caused a scary stampede. Sadly, a woman named Revathi died, and her young son is in the hospital.

    On December 13, Allu Arjun was arrested by the police and appeared in court. While he was supposed to go to jail for 14 days, the High Court allowed him to have four weeks of temporary bail. He spent one night in jail because of a mistake with his bail papers but was released the next morning.

  • Yoon Suk Yeol Impeached: Martial Law Sparks Outcry in South Korea

    Yoon Suk Yeol Impeached: Martial Law Sparks Outcry in South Korea

    Yoon Suk Yeol, the president of South Korea, quickly moved up the political ladder from being a public prosecutor to the country’s leader in just a few years. However, his presidency has been marked by many scandals, and recently, he declared martial law, pushing the nation into a crisis. This move only lasted a few hours, as widespread protests forced him to backtrack. Now, a large majority of South Koreans want him out, and lawmakers voted on Saturday to impeach him.

    Yoon is now the third president in South Korea’s history to be impeached by parliament. If the Constitutional Court agrees with the decision, he will be the second president to be removed from office. He has said he will fight back to keep his position and has accused the opposition of working with the country’s enemies.

    Born during a military dictatorship in 1960, Yoon became well-known as a public prosecutor who fought corruption. He helped impeach Park Geun-hye, South Korea’s first female president, for abuse of power in 2016. In 2019, he also indicted a senior aide from the administration of Park’s successor, Moon Jae-in.

    Yoon won the presidency in March 2022, but his popularity has been low, especially among women. Scandals and poor handling of situations like the 2022 Halloween crowd crush, which killed over 150 people, have hurt his reputation. People blame him for rising food prices, a weak economy, and limiting free speech. His wife also faced controversy when she was caught accepting a designer handbag as a gift, which Yoon defended.

    As president, Yoon has taken a tough approach to North Korea and has tried to strengthen ties with the United States. He even surprised President Biden by singing at the White House. However, his efforts to improve relations with Japan have faced backlash from many South Koreans.

    Since the opposition Democratic Party gained control in parliament, Yoon’s influence has weakened. Recently, he declared martial law, claiming it was necessary to deal with legislative problems. Experts criticized this move, saying it was unreasonable to impose martial law when there was no war or emergency situation.

  • Farmers Face Tear Gas in Ongoing March to Delhi for MSP Rights”

    Farmers Face Tear Gas in Ongoing March to Delhi for MSP Rights”

    On Saturday, farmers trying to march to Delhi faced tear gas and water cannons from security forces at the Shambhu border, which connects Punjab and Haryana. A group of 101 farmers began walking from their protest camp around noon. However, as they got closer to the barricades set up by Haryana security, they were stopped.

    Some farmers were hurt by the tear gas and were taken to a nearby hospital in ambulances waiting at the site. Before this, Ambala’s Deputy Commissioner Parth Gupta and Superintendent of Police S.S. Bhoria spoke with the farmers for over 30 minutes. They asked the farmers to get permission from Delhi’s authorities before continuing their march, but the farmers insisted on moving forward and asked the security forces to let them go.

    The farmers want a legal guarantee for the Minimum Support Price (MSP) for their crops and have raised other concerns. This was the third time they tried to get to Delhi. They had previously attempted to march on December 6 and December 8, but were stopped each time.

    The farmers are protesting under the banners of Samyukta Kisan Morcha (Non-Political) and Kisan Mazdoor Morcha. They are calling for a guarantee on MSP and want the government to talk to them about their issues. The Ambala district administration has imposed restrictions under Section 163 of the Bharatiya Nagarik Suraksha Sanhita (BNSS), which prevents gatherings of five or more people. The police have stated that the farmers can only march to Delhi with permission from the Delhi administration.

  • Salman Khan Calls Out Vivian Dsena in Bigg Boss 18: What Happened?

    Salman Khan Calls Out Vivian Dsena in Bigg Boss 18: What Happened?

    Vivian Dsena’s fans are really enjoying his time on the reality show Bigg Boss 18. However, host Salman Khan doesn’t seem to be very impressed. In a recent promo for the upcoming weekend episode, Salman calls out Vivian for blending in with the other contestants and not sharing his thoughts or feelings enough.

    In the video, Salman tells Vivian, “You never confront anyone. There haven’t been any real issues for you in this house. The only thing people will remember about you is Vivian and his coffee.” This means that Salman thinks Vivian hasn’t made a strong enough impact in the show.

    Salman also says that viewers don’t feel the need for Vivian in the show anymore, as he hasn’t shown his “hero” side. His friends Shilpa Shirodkar and Karan Veer Mehra, who were in the promo too, looked amused by Salman’s comments.

    Bigg Boss 18 this year has a theme of time called “Time Ka Taandav,” which means there will be plenty of surprises and twists in the game. During the show, Vivian has been shown making friends with Shilpa, Avinash Mishra, and Eisha Singh, but he rarely gets into fights.

    This weekend, Salman will also talk to other contestants including Avinash, Eisha, and Karan about their close relationships and try to understand what’s going on between them

  • RBI Raises Collateral-Free Farm Loan Limit to ₹2 Lakh for Farmers

    RBI Raises Collateral-Free Farm Loan Limit to ₹2 Lakh for Farmers

    The Reserve Bank of India (RBI) has announced that starting in January 2025, farmers can take out loans up to ₹2 lakh without needing to give any collateral or mortgage. This is a step to help them manage farming costs better, especially with rising prices these days. Right now, farmers can borrow up to ₹1.6 lakh without needing collateral, but this change will make it even easier for them.

    RBI’s decision is important because many farmers rely on loans to help pay for things like seeds, equipment, and fertilizers. By increasing the limit for collateral-free loans, the RBI aims to support the agricultural sector, which is a vital part of India’s economy, contributing around 18% to the country’s total income.

    In the past, the RBI had also raised the limit for such loans from ₹1 lakh to ₹1.6 lakh in February 2019. Banks are now required to lend at least 40% of their total credit to important sectors, like agriculture, to help support people who depend on farming.

  • Sonu Matka: Notorious Criminal Killed in Meerut Police Encounter”

    Sonu Matka: Notorious Criminal Killed in Meerut Police Encounter”

    Sonu Matka, a well-known criminal connected to the dangerous Hashim Baba Gang, was shot and killed by the police during an operation in Meerut on Friday. Matka, who was wanted for a double murder case in Delhi and had a reward of ₹50,000 for his capture, had been hiding from the authorities for several months.

    The police operation involved special teams from both the Special Task Force (STF) and the Delhi Police Special Cell. They exchanged gunfire with Matka, who was injured and later died in the hospital.

    Matka had a long list of serious crimes against him, including robberies and murders in Delhi and Uttar Pradesh. He was a shooter for the Hashim Baba Gang and had been involved in around six criminal cases.

    On September 24, police questioned gangster Hashim Baba about the murder of a gym owner named Nadir Shah. Hashim Baba was taken from Tihar Jail for questioning and is thought to have planned this murder even while in prison. Despite a crackdown on gangsters using phones from jail, they continued to plot crimes.

    Hashim Baba, known for his connections to another gangster named Lawrence Bishnoi, is also being investigated for a threatening video call to a wealthy businessman in Delhi. The police have used tough laws against Hashim Baba and eight other gang members due to their ongoing criminal activities. Hashim Baba has been in Tihar Jail since 2020, facing multiple charges, including conspiracy to commit murder, extortion, and weapons violations.

  • Big Bang! Festival of Love: Music and Culture in Assam’s Nanadisa Village

    Big Bang! Festival of Love: Music and Culture in Assam’s Nanadisa Village

    Nanadisa is a peaceful village in the mountains of Assam that has been there for over 500 years. It has only 28 houses, and most people grow their own food and live simple lives. But this October, everything changed when over 1,200 music fans from all over India came to celebrate the Big Bang! Festival of Love. This music festival has been happening every year since 2016, but it was canceled due to COVID-19, so this was the first one since 2019.

    The festival celebrates music from independent artists and showcases the rich culture of Assam. This year, there were performances by artists like Tipriti Kharbangar, a blues-rock singer from Shillong, and MC Mawali, a rapper from Mumbai. In addition to the music, people could also learn about their culture through activities like making bamboo baskets or foraging for medicinal plants.

    The festival was created by Daniel Langthasa and his wife, Avantika Haflongbar. They wanted to bring different communities together and celebrate their culture during tough times. Daniel, who used to play in a band and recently became a local politician, believes in spreading this message far and wide.

    Musician Taru Dalmia, known for his band Ska Vengers, has also been a big supporter of the festival. He started a special sound system to take music to different places. He even helped raise money to bring the festival back after the pandemic. Taru appreciates how Big Bang shows people the value of living simply and staying connected to nature.

    Putting on the festival was not easy, but Daniel and Avantika used local materials, such as bamboo, to build the stage. The village headman helped by leading walks to find herbs and teach visitors about their farming methods.

    Daniel knows a two-day festival won’t change everything, but he hopes that people leave with new ideas and a curiosity to learn more about life in the village. He plans to continue hosting workshops throughout the year because he wants urban Assamese people to reconnect with their cultural roots.

  • Thrilling Cricket League: Spartans and Marines Shine in Surat

    Thrilling Cricket League: Spartans and Marines Shine in Surat

    Surat, India: The Big Cricket League kept fans excited as the Southern Spartans showed their strength against the Rajasthan Regals. On Friday night, the Spartans won the toss and chose to field. Their bowlers, led by Abhimanyu Mithun, did an amazing job and limited the Regals to a low score. The Regals started poorly, losing their opener S. Srinivas early, scoring only 3 runs from 8 balls. Sri Lankan cricket star T. Dilshan played well, scoring 33 runs off 32 balls, but he didn’t get much help from his teammates. Mehul Patel fought hard with 30 runs off 25 balls, but the Regals only managed to get to 138 runs for 8 wickets in their 20 overs. Mithun was the standout player, taking 2 wickets for just 17 runs.

    Chasing 139 runs, the Spartans started strong with wicketkeeper Shrestha hitting a fantastic 51 runs off just 18 balls, including lots of boundaries and sixes. South African veteran Herschelle Gibbs added support with an unbeaten 27, helping the Spartans win the match in the 16th over with 6 wickets remaining. Mithun’s brilliant bowling earned him the Man of the Match award.

    In the second match of the day, the Mumbai Marines, led by Irfan Pathan, faced off against the UP Brij Stars. The Brij Stars won the toss and chose to bat first but couldn’t take advantage of it. They started well but fell apart, losing 7 wickets in the final 4 overs and getting bowled out for just 95 runs. Praveen was their top scorer with 30 runs. Jesal Karia had an incredible day with the ball, taking 4 wickets for just 7 runs.

    The Marines’ chase wasn’t easy either. Imran Tahir turned things around with amazing spin bowling, taking 4 wickets for only 10 runs and reducing the Marines to a tough position at 30 runs for 5 wickets. However, Manan Sharma kept his cool and scored 39 runs off 33 balls, leading the Marines to a victory in the 16th over with a 4-wicket win in a nail-biting finish. Karia’s match-winning performance earned him the Man of the Match title