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Today’s Stock Market: Top Ten Things to Know Before the Market Opens

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Today’s Stock Market: Top Ten Things to Know Before the Market Opens

The BSE Sensex jumped 1,041 points or 1.9 percent to close at 55,926, while the Nifty50 surged 309 points to 16,661. The key resistance levels to watch out for are 16,736 and 16,810.

Asian shares lower in Tuesday morning trade. Investors watch for reaction to official Chinese factory activity data for May. Nikkei 225 in Japan dipped 0.27 percent, while the Topix index declined 0.29 percent. Kospi in South Korea shed 0.08 percent and Hang Seng index traded 0.15 percent lower.

The Nifty futures were trading around 16,601 levels on the Singaporean exchange. The broader index in India had a negative opening with a loss of 46 points (0.06%) to 16,744.50 on Friday morning.

Oil prices have risen as a result of the EU’s ban on most Russian crude imports.

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Brent crude futures for July gained 33 cents to $122 a barrel at 0054 GMT. US West Texas Intermediate (WTI) crude futures were trading at $117.31 a barrel, up $2.24 from Friday’s close. There was no settlement on Monday due to a US public holiday.

In the fourth quarter, LIC’s net profit fell by 17% to Rs 2,409 crore.

LIC reported a net profit of Rs 2,409 crore for the quarter ending March 2022. Net profit for the entire fiscal was reported as Rs 4,043.12 crore. Total revenue in Q4 FY22 was 11.64 percent higher as compared to last year.

LIC reported a net profit of Rs 2,409 crore for the quarter ending March 2022. Net profit for the entire fiscal was reported as Rs 4,043.12 crore. Total revenue in Q4 FY22 was 11.64 percent higher as compared to last year.

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IRCTC net profit doubles to Rs 216 crore in Q4, revenue increases to Rs 690.9 crore. EBITDA was up 92 percent YoY at Rs 278.5 crore. Fed needs to move interest rates much higher, Christopher Waller said.

Foreign investors bought shares worth Rs 502.08 crore on May 30. Domestic institutional investors (DIIs) remained net buyers, to the tune of Rs 1,524.49 crore. South Korea’s April factory output shrinks most in 2 yrs, service output expands.

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Virat Kohli pays tribute to Ratan Tata, Jay Shah ‘deeply saddened’ by veteran industrialist’s demise

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Virat Kohli pays tribute to Ratan Tata, Jay Shah ‘deeply saddened’ by veteran industrialist’s demise

Tributes continue to pour in for Ratan Tata, with Virat Kohli and Jay Shah taking to their social media accounts to bid farewell to the industrialist.

Former Indian captain and batting legend Virat Kohli paid a touching tribute to Ratan Tata, the legendary business tycoon, who passed away on Wednesday night. Tata, a Padma Vibhushan recipient, was undergoing treatment in intensive care since Monday but breathed his last in Mumbai, leaving a profound impact on many across the nation.

Kohli expressed his condolences through his Instagram account on Thursday morning, sharing a heartfelt message along with a photo of the late industrialist.

Tata’s contribution to business, society, and philanthropy has been widely acknowledged, and his passing marks the end of an era.

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The Board of Control for Cricket in India (BCCI) secretary, Jay Shah, also conveyed his sorrow, stating, “Deeply saddened by the loss of Shri Ratan Tata Ji. His leadership, integrity, and dedication to society set a remarkable standard for legacy. My heartfelt condolences to his loved ones. Rest in peace, Sir.” Shah’s words reflect the collective grief of a nation that has long admired Tata’s contributions to the country.

BCCI’s tribute

Additionally, the BCCI issued a statement about his demise.

“The BCCI expresses its deepest sorrow and joins the nation in mourning the passing of Shri Ratan Tata ji. His invaluable contributions across diverse fields have been instrumental in shaping India’s growth and success story.

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His extraordinary legacy, founded on the principles of passion, empathy, visionary leadership, innovation, and excellence, will continue to inspire and guide future generations for years to come,” the statement read.

Ratan Tata, born on December 28, 1937, in Mumbai, embarked on his journey with the Tata Group in 1962 as a young executive. Over the decades, he transformed the group into a global conglomerate. His work was acknowledged with India’s second-highest civilian honour, the Padma Vibhushan, in 2008, and he received numerous accolades, including honorary doctorates from prestigious institutions in India and abroad.

Tata is survived by his family, including brothers and sisters Simone Tata, Jimmy Tata, Noel Tata, Aloo Tata, Shireen Jejeebhoy, Deanne Jejeebhoy, Leah Tata, Maya Tata, Neville Tata, Manasi Tata, Jamset Tata, Tiana Tata, and others, as mentioned in a family statement.

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