Art of Investing (Stock Market updates)

#Sobha board approves rights issue of up to ₹2,000 crore Issue price: ₹1,651/share CMP: ₹2070 Rights issue opens on June 28, 2024 & closes on July 4, 2024

US Core CPI unchanged in May Misses across the board: 👉CPI 0.0% MoM, Exp. 0.1% 👉CPI Core 0.2% MoM, Exp. 0.3% 👉CPI 3.3% YoY, Exp. 3.4% 👉CPI Core 3.4% YoY, Exp. 3.5% Dow Futures jump on cool inflation report ahead of Fed decision

FII/DII

April's Index of Industrial Production (#IIP) at 5% vs 4.6% in YoY and 4.9% MoM Est: 4.7% ✨Beats Estimates: Industrial production shows strong growth, surpassing expectations🚀

May #CPI inflation at 4.75% vs 4.83% in April Est: 4.90% 🏡Rural & urban inflation rates are 5.28% & 4.15%, respectively 📊CPI Inflation is at its lowest for May 2024 since May 2023, staying below 6% since Sept'23 🌶 'Spices' have shown a significant decline in YoY inflation compared to April'24 👗Inflation in 'Clothing & Footwear', 'Housing' & 'Miscellaneous' categories has decreased since last month ✨Good News: Inflation is on a continuous downward trend since Dec'23

Brigade Enterprises' Pavitra Shankar says: 🏙Chennai is set to become #Brigade’s second-largest market! 💸Investing ₹8,000 Cr to build 15 million sq. ft. in Chennai by 2030. 🏢Launching 200 luxurious apartments, including penthouses, in the next residential development on Mount Road, Chennai. 📈Projected Gross Development Value (GDV) of ₹1,800 Cr from the Mount Road project. 🏡Overall expected GDV of ₹13,000 Cr from Brigade's residential portfolio in Chennai.

🚨#BreakingNews: European Union Announces Higher Tariffs on Chinese EVs🚨 🌍EU Raises Tariffs: Up to 38% on Chinese electric vehicles (EVs) Who Benefits? Indian Companies on the Rise ⚡️Tata Motors: With its Nexon EV and Tigor EV, #TaMo is set to capture more market share. 🚗Jaguar Land Rover (#JLR): Owned by Tata Motors, JLR’s electric models could see a surge in demand with fewer Chinese EVs in the market. ⚡️Mahindra Electric: Expanding its EV lineup, Mahindra is poised to benefit from reduced competition. ⚡️Ola Electric: Rapidly growing in the EV space, Ola could see increased opportunities in the European market. 🔋Why It Matters: The higher tariffs on Chinese EVs could pave the way for Indian automakers to expand their presence in the European market, leading to potential growth & increased exports🚗⚡️ #EU #EVs #ElectricVehicles #IndianAutomakers #TataMotors #MahindraElectric #OlaElectric #AutomobileIndustry #GlobalMarket

Tata Communications inks 5-year host broadcasting services pact with World Athletics. #TataComm to provide global host broadcasting services to over events, including World Championships in Tokyo in 2025

Brokerages on Cement Industry