Category: Digital Marketing

Shares of SBI Cards and Payment Services Ltd. traded 0.02 per cent lower in Tuesday’s session at 12:43PM (IST). The stock opened at Rs 740.45 and has touched an intraday high and low of Rs 743.15 and Rs 735.0, respectively, during the session so far. The stock quoted a 52-week high of Rs 932.35 and…

Reliance Retail Ventures Ltd (RRVL), the holding company for Reliance’s entire retail and newly launched FMCG businesses, reported a 9.8% year-on-year jump in its consolidated revenue from operations for the fourth quarter ending March at Rs 67,610 crore, with quarterly net profit expanding by 11.7% y-o-y at Rs 2698 crore. The company attributed the growth…

Shares of Godrej Consumer Products Ltd. rose 1.23 per cent to Rs 1183.45 in Monday’s trade. It hit an intraday high of Rs 1184.4 and low of Rs 1166.0, respectively, during the day. The stock quoted a 52-week high price of Rs 1299.9 and low of Rs 896.85. As of 12:43PM (IST), the counter saw…

Indian benchmark equity indices defied global weakness to close higher on Friday, boosted by HDFC Bank, although the gains were not enough to prevent their first weekly loss in five on worries over the Middle East conflict and U.S. rates. The Nifty 50 rose 0.69% to 22,147, while the S&P BSE Sensex added 0.83% to…

Apr 21, 2024, 11:46:21 AM IST Despite the short-term volatility, smallcap stocks have delivered superior returns over the long term. For investors with a long-term investment horizon, such stocks in India have shown periods of strong outperformance. Getty Images 2/11 ​MosChip Technologies Shares of the smallcap software company, MosChip Technologies rallied as high as 35.5%…

NSE International Exchange (NSE IX) has received US Securities Exchange Commission (SEC) class relief, allowing US clients to participate in trading Equity Index Option Contracts on the bourse, according to a statement. The class relief allows NSE IX members to get acquainted with equity indices at NSE IX through activities with approved broker-dealers and financial…

From holding 7.94 crore shares of NTPC in February, mutual funds now hold 7.78 crore shares in their portfolio, a decline of 2% with a total value aggregating to Rs 26, 115 crore. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

New Delhi: Indian Renewable Energy Development Agency (IREDA) Ltd’s net profit for the quarter ended March rose by almost a third year-on-year to ₹337 crore led by a growth in interest income. Total income from operations, which includes interest income, grew by around 34% to ₹1,391 crore in the reporting quarter. The finance cost of…

Five-month-old boy Ekagrah Rohan Murty, who became a millionaire last month after getting a generous gift of 15 lakh Infosys shares from his billionaire grandfather NR Narayana Murthy, has pocketed another Rs 4.2 crore in the form of dividend income. While announcing the company’s Q4 numbers, Infosys declared a total dividend of Rs 28 on…

PARIS, – L’Oreal reported a 9.4% rise in first quarter sales on a like-for-like basis on Thursday, beating expectations and shrugging off concerns about a slowdown in the two biggest beauty markets the United States and China. The French cosmetics giant, which owns the Maybelline and Lancome brands, reported sales of 11.24 billion euros ($11.98…

Share price of ICICI Prudential Life Insurance Company Ltd. gained 0.07 per cent to Rs 608.65 at 12:27PM (IST) in Thursday’s trade. The scrip hit a high of Rs 614.55 and low of Rs 606.5 so far during the session. The stock had closed at Rs 608.2 in the previous session. The counter had a…

BENGALURU – Indian brokerage firm Angel One’s fourth-quarter profit rose 27% on Wednesday as trading activity helped more than make up for its higher spending amid heated competition for clients. The company’s profit rose to Rs 340 crore ($40.7 million) in the quarter, boosted by an increase in trading activity, especially among retail investors, as…

Apr 17, 2024, 11:55:20 AM IST A non-performing asset (NPA) is a loan or advance for which the principal or interest payment has remained overdue for a period of 90 days or more. According to data from Trendlyne, SBI, Bank of Baroda, and PNB are among the 6 PSU banks that reported the highest NPAs…

NEW YORK – Bank of America said its first-quarter profits fell 18%, as the bank dealt with rising expenses due to the impact of higher interest rates. But the results beat analysts’ estimates. The Charlotte, North Carolina-based bank posted a profit of $6.67 billion, or 76 cents per share, compared with $8.2 billion, or 94…

Shares of Pidilite Industries Ltd. traded at Rs 2878.0 on BSE at 12:12PM (IST) on Tuesday, down 0.13 per cent from previous close. The stock quoted a 52-week low price of Rs 2293.1 and a high of Rs 3073.2. Earlier, shares of the company saw a gap up opening in the morning. A total of…

NEW YORK: Oil prices sank by about 1% a barrel on Monday after Iran’s weekend attack on Israel proved to be less damaging than anticipated, easing concerns of a quickly intensifying conflict that could displace crude barrels. Brent futures for June delivery fell 91 cents to $89.54 a barrel, a 1% loss, by 1:17 p.m….

Shares of Adani Power Ltd. traded 0.97 per cent up at Rs 601.0 at around 11:57AM (IST) on Monday. The stock had closed at Rs 595.2 in the previous session. Equity benchmark Sensex traded 511.3 points lower at 73733.6 around the same time. The scrip has climbed 217.32 per cent in the last one year…

Carlyle Group Inc. has selected JPMorgan Chase & Co. and Kotak Mahindra Bank to help arrange Hexaware Technologies Ltd.’s planned initial public offering in Mumbai this year, according to people familiar with the matter. The US investment firm plans to hold the IPO as early as in the fourth quarter of this year, the people…

The combined market valuation of seven of the ten most valued firms climbed Rs 59,404.85 crore in a holiday-shortened last week, with Bharti Airtel and ICICI Bank emerging as the biggest gainers. Stock markets were closed on Thursday on account of Eid-Ul-Fitr. Last week, Sensex dipped marginally by 3.32 points after a record-breaking rally. The…

New Delhi | Mumbai: Vodafone Idea (Vi) plans to raise as much as Rs 18,000 crore through India’s largest follow-on public offering (FPO), which will open on April 18 and close on April 22, as the cash-strapped telco strives to generate much-needed capital critical to its survival. The telco, formed by the merger of Aditya…

Will the 2024 Bitcoin halving mark a turning point for crypto adoption, or is it just another predictable market cycle? Unlike previous halvings, the upcoming April 2024 event coincides with the rise of Bitcoin Exchange-Traded Funds (ETFs). This introduces a new variable that could significantly impact the post-halving market structure. This article explores how the…

Treasury prices rose on Friday as investors grappled with revised expectations for Federal Reserve rate cuts after hot inflation readings this week and as geopolitical concerns spurred safe-haven buying. Boston Fed President Susan Collins said she’s eyeing two rate cuts this year amid expectations it could take some time to get inflation back to policymakers’…

Bearish Signals On April 10, the closing prices of four stocks from Nifty500 dropped by more than 1.5% relative to the VWAP (Volume Weighted Average Price), and a shift below the VWAP suggests a potential bearish trend, according to stockedge.com’s technical scan data. When the closing price falls below the VWAP, it signifies that the…

India’s benchmark indices and mid-cap stocks settled at record closing highs on Wednesday, led by metal and energy stocks on expectations of strong global demand. The NSE Nifty 50 was up 0.49% at 22,754, hitting an all-time high in intraday trade for the third straight session, while the S&P BSE Sensex added 0.47% to 75,038….

Traders spooked by Wednesday’s hotter-than-expected inflation print need not to worry, according to Jefferies’ David Zervos, who says risk assets can thrive with or without interest rate cuts by the Federal Reserve. The S&P 500 Index dropped more than 1% Wednesday after the latest consumer price index topped economists’ forecasts, renewing concerns that the Fed…

Former Treasury Secretary Lawrence Summers said that the hot US consumer price inflation report for March means that the risk case of the next Federal Reserve move to be an increase must be taken seriously. “You have to take seriously the possibility that the next rate move will be upwards rather than downwards,” Summers said…

Share price of Trent Ltd. gained 1.21 per cent to Rs 3946.0 at 11:36AM (IST) in Wednesday’s trade. The stock hit a high of Rs 3963.35 and low of Rs 3905.5 so far during the session. The stock had closed at Rs 3898.8 in the previous session. The counter had a total traded volume of…

Two entities — Lakumi Trust and Nicomac Machinery — on Tuesday divested a 4.9 per cent stake in Gland Pharma for Rs 1,411 crore through open market transactions. Lakumi Trust and Nicomac Machinery Pvt Ltd disposed of 81.20 lakh shares of Gland Pharma in separate bulk deals on the National Stock Exchange (NSE). As per…

Shares of the Bajaj Holdings & Investment Ltd. traded at Rs 8263.0 on BSE at 11:36AM (IST) on Tuesday, up 0.47 per cent from previous close. The stock quoted a 52-week low price of Rs 5852.1 and a high of Rs 9355.0. Earlier, shares of the company saw a gap down opening in the morning….

London: Consumers are becoming slightly less sceptical about bitcoin, a Deutsche Bank survey published on Monday showed, although just under a third of those questioned still expect its price to drop sharply by the end of 2024. Why It’s Important Although people have poured billions of dollars into bitcoin, hoping for returns if its price…

NEW DELHI: The Nifty Realty index traded positive around 11:15AM(IST)on Monday in an upbeat market. Godrej Properties Ltd.(up 6.7 per cent), Macrotech Developers Ltd.(up 2.96 per cent), Phoenix Mills Ltd.(up 2.68 per cent), DLF Ltd.(up 1.74 per cent) and Mahindra Lifespace Developers Ltd.(up 1.73 per cent) were among the top gainers. Swan Energy Ltd.(down 1.62…

MUMBAI: The Securities and Exchange Board of India (Sebi) has directed Ravindra Balu Bharti, a YouTuber and financial influencer, to deposit Rs 12 crore of ‘unlawful gains’ in an interest bearing escrow account overseen by the regulator. It has directed Bharti and his wife Shubhangi to cease and desist from offering investment advisory services and…

Despite substantial outflows of nearly $9 billion from Grayscale Bitcoin Trust since the launch of the ETFs, net inflows into US Bitcoin ETFs remain positive. These inflows, totaling $7.35 billion, originate from some of the biggest names in the investment industry, including BlackRock Inc. and Fidelity Investments. A report (link: https://www.bloomberg.com/news/articles/2024-03-04/bitcoin-breaches-64-000-briefly-as-etf-demand-lures-traders) by Bloomberg on March…

The board of Vodafone Idea (Vi) on Saturday cleared raising Rs 2075 crore from an Aditya Birla Group entity through a preferential share issue, setting the stage for a wider fund raise critical to the revival of the cash-strapped telco. “Issuance of upto 1,395,427,034 Equity Shares of face value of Rs. 10/- each at an…

“There is an oncoming fear that the provision aspects of most of the banks will become now a little more accelerated. In fact, many of the banks will target higher provisioning and more provision coverage ratio ahead,” says Mahantesh Sabarad, Independent Market Expert Nifty Bank has outperformed all the other benchmark indices at least, up…

Congress leader Rahul Gandhi, who is seeking re-election from Kerala’s Wayanad, revealed in his election affidavit that he has Rs 55,000 in cash, stock market investments worth Rs 4.3 crore, mutual fund deposits totaling Rs 3.81 crore, and Rs 26.25 lakh in a bank account. Watch!

NEW DELHI: HDFC Bank(Rs. 2183.79 crore), Indian Renewable(Rs. 1453.14 crore), ICICI Bank(Rs. 849.26 crore), Tata Chemicals(Rs. 533.89 crore), Indian Railway Fin(Rs. 514.71 crore), Axis Bank(Rs. 481.90 crore), Aavas Financiers(Rs. 465.57 crore), Vodafone Idea(Rs. 453.04 crore), Bajaj Finance(Rs. 448.03 crore) and Cochin Shipyard(Rs. 447.68 crore) were among the most traded securities on the National Stock Exchange…

NEW YORK, – The dollar hit a two-week low on Thursday as economic data supported expectations for quick rate cuts in the United States, while the battered yen held steady under the key 152 level. An unexpected slowdown in U.S. services growth — supporting the idea of bringing interest rates down — had knocked the…

NEW DELHI: Shares of KEC Int., AYM Syntex, GE Power India, The Anup Engg and SRM Contractors, hit their fresh 52-week highs at 11:15AM(IST)on NSE. Benchmark NSE Nifty index fell 26.71 points to 22407.95 amid selling in frontline bluechip stocks. However, stocks such as 3rd Rock MultiMedia, Mask Investments, GIR Natureview, Regency Ceramic and Nagreeka…

Amid the battle for control of Religare Enterprises between the current management and the Burman family, Rashmi Saluja, the company’s executive chairperson, has sold over 20 lakh shares in the open market. As per the disclosure on NSE on April 2, Saluja sold 6.18 lakh shares on March 26, 6.70 lakh shares on March 27,…

NEW DELHI: Mining stocks were trading higher on Wednesday at 11:25AM Lexus Granito(India)Ltd.(up 7.57%), Oriental Trimex Ltd.(up 4.95%), Aro Granite Industries Ltd.(up 4.93%), MOIL Ltd.(up 4.72%), Sandur Manganese & Iron Ores Ltd.(up 3.34%), Madhav Marbles & Granites Ltd.(up 2.96%), The Orissa Minerals Development Company Ltd.(up 1.90%), NMDC Ltd.(up 1.42%), 20 Microns Ltd.(up 1.05%) and Gujarat…

New Delhi: The Competition Commission of India (CCI) on Tuesday said it has approved a raft of proposals, including the acquisition of an 8% stake in MG Motor India by IndoEdge India Fund – Large Value Fund (LVF) Scheme and Axis Bank’s subscription to almost 142.58 million equity shares of Max Life Insurance Company. The…

Shares of Page Industries Ltd. traded 1.31 per cent up at Rs 35184.0 at 11:16AM (IST) on Tuesday, even as BSE benchmark Sensex dropped 130.28 points to 73884.27. The stock had settled at Rs 34728.9 in the previous session. The stock quoted a 52-week high price of Rs 43599.0 and 52-week low of Rs 33100.0,…

Investors who just booked profits from one of the strongest first quarters for the S&P 500 Index in decades are preparing for what comes next — whether that’s stocks climbing higher or crashing back to earth. With the stock market sitting at an all-time high as the second quarter begins, the tells for what traders…

NEW DELHI: HDFC Bank(Rs. 653.90 crore), Tata Steel(Rs. 566.33 crore), Hind Copper(Rs. 539.03 crore), Jio Financial Servic(Rs. 490.77 crore), DLF(Rs. 456.63 crore), HAL(Rs. 433.33 crore), Infosys(Rs. 429.79 crore), Bajaj Finance(Rs. 428.31 crore), BSE(Rs. 412.75 crore) and BEL(Rs. 392.67 crore) were among the most traded securities on the National Stock Exchange at 11:10AM in Monday’s session….

Indian equity indices advanced on Thursday to close the fiscal year with weekly and quarterly gains in a holiday-shortened week, led by financials after the central bank eased recently tightened rules for lenders’ investments in alternative investment funds. The blue-chip NSE Nifty 50 index rose 0.92% to 22,327, while the BSE Sensex settled 0.90% higher…

After a robust response to the IPO, SRM Contractors is likely to finalise the share allotment on Sunday. The issue was booked 86 times at close on strong interest from non-institutional investors. Investors can check the status of their share allotment on the BSE or even by logging in to the registrar’s website. Firstly, here’s…

Rating agency CARE Ratings has upgraded various facilities/instruments of PNB Housing Finance to CARE AA+ (Stable) from CARE AA (Positive), the company informed in its filing to the exchanges on Saturday. The instruments in which the ratings have been revised upwards include long-term bank facilities, long-term/short-term bank facilities, bonds, long-term instruments, non-convertible debentures (NCDs), tier…

In today’s fast-paced corporate landscape, prioritising mental fitness is no longer just a trend but a necessity for sustained success. Meet Bigul, a pioneering company led by CEO Atul Parakh, whose unwavering commitment to mental health and wellness is reshaping how businesses operate. Speaking to ETMarkets, Parakh said that at the heart of Bigul’s corporate…

Trading activity in meme coins has surged on Indian cryptocurrency exchanges, mirroring a resurgence in the global crypto market. Popular cryptocurrencies like Bitcoin and Ethereum have reached new record highs after a prolonged period of declining prices. In the midst of this resurgence, popular meme coins such as Shiba Inu (SHIB), Dogecoin, Floki, Vita Inu,…

A stellar run by domestic equities in FY24 saw the market capitalization of 25 companies rise by atleast Rs 1 lakh crore in a year. Of this, 17 of them are part of benchmark Nifty 50. The Nifty has gained nearly 29% in FY24 and it also tested a lifetime high after a muted show…

New Delhi: Sanlam Life Insurance — one of the promoters of Shriram Finance — on Thursday offloaded shares for Rs 1,427 crore through an open market transaction. Shriram Finance is one of the country’s biggest retail non-banking financial companies (NBFCs) offering credit solutions for commercial vehicles, two-wheeler loans, and car loans. According to the block…

NEW DELHI: HDFC Bank(Rs. 1052.77 crore), Bajaj Finance(Rs. 941.04 crore), RIL(Rs. 865.74 crore), IDFC First Bank(Rs. 855.02 crore), ICICI Bank(Rs. 720.66 crore), TCS(Rs. 519.16 crore), Infosys(Rs. 484.99 crore), VIP Ind.(Rs. 469.80 crore), L&T(Rs. 438.67 crore) and SBI(Rs. 387.48 crore) were among the most traded securities on the National Stock Exchange at 10:49AM in Thursday’s session….

New Delhi: Private equity firm Olympus Capital Asia on Wednesday divested a 9.8 per cent stake in Aster DM Healthcare for Rs 1,978 crore through open market transactions. Olympus Capital Asia through its two affiliates — Olympus Capital Asia Investments Ltd and Olympus ACF Pte — offloaded the shares of Dubai-based Aster DM Healthcare on…

NEW DELHI: Shares of Indian Hotels Company Ltd. traded 1.28 per cent up in Wednesday’s trade at 10:45AM (IST). Around 31,079 shares changed hands on the counter. The stock opened at Rs 569.85 and touched an intraday high and low of Rs 579.0 and Rs 569.5, respectively, in the session so far. The stock of…

Hello and welcome to a brand-new episode of ET MARKET WATCH – your daily podcast for daily market updates. I am Neha Vashishth Mahajan, let’s hear the top highlights of the day. -Indian markets ended down today. The markets were dragged down by high-weightage financials and IT stocks due to consolidation ahead of the end…

Shares of Siemens Ltd. rose 1.77 per cent to Rs 5078.95 at 10:35AM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 3,585 shares with a turnover of Rs 1.81 crore till…

Trump Media & Technology Group, whose flagship product is social networking site Truth Social, will begin trading on the Nasdaq stock market on Tuesday. Shareholders of Digital World Acquisition Corp., a publicly traded shell company, approved a deal to merge with the Trump’s media business in a Friday vote. The common stock of Trump Media…

Amid a fierce competition between bears and the bulls, selling is being witnessed at higher levels, Aamar Deo Singh, Senior Vice President-Equity, Commodity & Currency at Angel One said. Given that the current trading week is truncated, investors are expected to be cautious as markets are trading at record highs, influenced by news flows and…

Hero MotoCorp. Share Price 4684.00 03:59 PM | 22 Mar 2024 164.11(3.64%) Maruti Suzuki India. Share Price 12337.70 03:59 PM | 22 Mar 2024 429.56(3.61%) UPL. Share Price 470.00 03:59 PM | 22 Mar 2024 14.45(3.18%) Apollo Hospitals Enterprise. Share Price 6375.90 03:58 PM | 22 Mar 2024 193.40(3.13%) Sun Pharmaceutical Industries. Share Price 1608.90…

Saurabh Gupta, Group CFO, Dixon Technologies, says “there’s a $10 billion opportunity in IT hardware for India. $10 billion worth of IT hardware products are imported into India. So, it is a large opportunity for import substitution and if India is able to do a good job as an industry, if you are able to…

Maruti Suzuki India on Saturday said it has acquired over 6 per cent stake in technology startup Amlgo Labs. The startup operates in data analytics, cloud engineering, machine learning (ML) and artificial intelligence (AI) to assist companies in data-driven decision-making. The investment is being made through Maruti Suzuki Innovation Fund, an initiative to undertake strategic…

Oil prices slipped on Friday and were flat on the week as the possibility of a ceasefire in Gaza weakened crude benchmarks, while the war in Europe and shrinking U.S. rig count cushioned the fall. Brent futures for May delivery settled at $85.43, losing 35 cents. U.S. crude settled at $80.63 a barrel, falling 44…

New Delhi: Integrated packaging ecosystem player Creative Graphics Solutions India Ltd on Friday said its Rs 54.4-crore initial share sale will open for public subscription on March 28. The public issue will conclude on April 4 and the bidding for anchor investors will open for a day on March 27, the company said in a…

Shares of Bajaj Holdings & Investment Ltd. gained 1.67 per cent to Rs 8336.1 in Friday’s trade. It hit a high of Rs 8355.0 and low of Rs 8100.6 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 7595.93, while the 50-DMA was at Rs 8502.62. If a stock…

Hello and welcome to a brand-new episode of ET MARKET WATCH – your daily podcast for daily market updates. I am Neha Vashishth Mahajan, let’s hear the top highlights of the day. The markets saw a significant rally today. The rally was mainly driven by global cues. Sensex closed 540 points higher while Nifty was…

ICICI Securities has add call on Westlife Foodworld with a target price of Rs 800. The current market price of Westlife Foodworld is Rs 738.9. Westlife Foodworld Ltd., incorporated in the year 1982, is a Mid Cap company (having a market cap of Rs 11528.36 Crore) operating in Tourism & Hospitality sector. Westlife Foodworld Ltd….

New Delhi: Life Insurance Corporation (LIC) on Wednesday said it terminated services of Yogesh Garg against whom a confirmatory order issued by capital market regulator Sebi in front-running trades case. Front-running refers to an illegal practice in the stock market where an entity trades based on advanced information from a broker or analyst before the…

NEW DELHI: Shares of ICICI Prudential Life Insurance Company Ltd. traded 1.67 per cent up in Wednesday’s trade at 10:00AM (IST). Around 3,167 shares changed hands on the counter. The counter opened at Rs 549.1 and touched an intraday high and low of Rs 560.2 and Rs 549.1, respectively, in the session so far. Shares…

The board of SBI Cards has declared an interim dividend of Rs 2.5 per share for the financial year ending 2023-24. The company has also fixed a record date of March 28 for the proposed dividend. “The Board of the company declared an interim dividend of Rs 2.5 (25%) per equity share for the financial…

Gurmeet Chadha, Managing Partner, Complete Circle Consultants, says “you can do some bit of bottom fishing in the mid and smallcaps space in railway, defence stocks and some of the auto ancillary stocks. There have been very good corrections there but be a little more patient. It may not just come up the way you…

The board of L&T Finance Holdings on Monday approved raising of up to Rs 1.01 lakh crore through the issuance of non-convertible debentures in one or more tranches. “The Board approved raising of funds by issuance of non-convertible debentures (including subordinated-debt, masala bonds and perpetual debt) from time to time, in one or more tranches,…

MUMBAI – That the retail investor gained a lot of muscle power is reflected in the mad rally that the smallcap stocks have seen over the last one year on Dalal Street. But it reflects more in such stocks where institutional investors have been nearly absent. Over the last six months, atleast 14 stocks in…

Despite 2024 being an election year, we see sustained momentum in the government approving proposals related to infrastructure including railways as well as the defence sector, says Harshad Patil, Executive Vice President and Chief Investments Officer, Tata AIA. “Hence, execution of companies in these spaces is expected to stay firm. The government has announced a…

Financial success is not a hard science. It’s a soft skill, where how you behave is more important than what you know. While everybody is looking at the same stock prices, same charts and has access to the same balance sheets and management commentary, not everybody has the same outcome in their trading and investing…

With Mumbai scheduled to vote on May 20 for the Lok Sabha elections, stock exchanges BSE and NSE are likely to declare it a holiday as was seen during the 2014 and 2019 poll. Local governments declare a holiday in voting days under the Negotiable Instruments Act 1881. However, there is no official confirmation of…

This month’s meltdown in India’s smaller stocks is being termed as a buying opportunity by some investors despite the securities regulator’s warnings of a potential bubble. Perceived as key beneficiaries of the South Asian nation’s 8%-plus economic growth, shares of smaller firms are seen staging a comeback after a selloff that’s pushed down the Nifty…

Gold prices held steady on Friday as they looked set to log their first weekly drop in four as investor hopes of a U.S. interest rate cut in June took a hit after data over the week showed bubbling price pressures. Spot gold was little changed at $2,163.10 per ounce, as of 10:17 a.m. EDT…

LKP Securities has buy call on Craftsman Automation with a target price of Rs 5082. The current market price of Craftsman Automation is Rs 3937.65. Craftsman Automation Ltd., incorporated in the year 1986, is a Small Cap company (having a market cap of Rs 8291.91 Crore) operating in Auto Ancillaries sector. Craftsman Automation Ltd. key…

Fresh from the divestment of 3.5% holding in ITC Ltd, the conglomerate’s largest shareholder BAT Plc chief executive Tadeu Marroco said it does not want to dilute any more of its remaining 25.51% stake in ITC since BAT wants to have an influence in the ITC board and its future plans. “ITC is transforming itself,…

Prabhudas Lilladher has buy call on Samvardhana Motherson International with a target price of Rs 150. The current market price of Samvardhana Motherson International Ltd. is Rs 110.05.Samvardhana Motherson International Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 74269.58 Crore) operating in Auto Ancillaries sector. Samvardhana…

Indian small and mid-cap indices logged their worst session in more than two years on Wednesday, ahead of the results of a stress test of the country’s mutual funds conducted by the markets regulator, which has warned of “froth” in these stocks. The selling widened to the blue-chip indices, with the NSE Nifty50 and BSE…

Shibani Sircar Kurian, Senior EVP, Sr. Fund Manager & Head -Equity Research, Kotak Mahindra AMC, says that “while on a relative basis, largecaps are better placed at least in the near term, we must bear in mind that mid and smallcaps from an earnings trajectory profile will possibly see higher earnings growth over the next…

India’s blue-chip indices rose marginally in a volatile session on Tuesday ahead of key inflation data, while small- and mid-caps declined on concerns over stretched valuations. The NSE Nifty50 inched up 0.01% to 22,336, while the BSE Sensex settled 0.22% higher at 73,668. The indexes traded between losses of 0.35% and gains of 0.6% during…

Indian benchmark equity indices opened marginally higher on Tuesday, tracking gains in broader Asian peers ahead of U.S. consumer price index (CPI) inflation data, which is due after the closing bell. The BSE Sensex was trading 134 points or 0.18% higher at 73,637. Nifty50 was trading at 22,366, up 33 points or 0.15% at around…

Gold traded flat on Monday, hitting pause after a record rally last week, as traders hunkered down for U.S. inflation data that could provide more clarity on the Federal Reserve’s interest rate trajectory. Spot gold was steady at $2,179.69 per ounce at 9:32 a.m. ET (1332 GMT), after hitting a record high on Friday at…

The SME IPO of Pratham EPC Projects will open for subscription today and will close on March 13. The company aims to raise Rs about Rs 36 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing…

Indian equity indices extended their rally to record highs for a second session on Thursday, led by financials, while the US Federal Reserve Chair’s rate cut assurance supported sentiment. The NSE Nifty 50 and BSE Sensex gained 0.69% and 0.51% this week, respectively, posting the fourth straight weekly gain, the best such streak in three…

Shreyash Devalkar, Head-Equity, Axis MF, says “rather than calling out a segment like PSU versus private versus NBFC, etc, I would like to more focus on which end use or which end segment these lending entities are catering to and the outlook on the credit growth in those segments along with the asset quality.”Incrementally macros…

Steady Climb During the previous five trading sessions ended March 7th, benchamrk Sensex experienced a slight increase of half a percent compared to the preceding five days, concluding at 74,119. It rose in four of the last five trading sessions. Throughout this upward trend, ETMarkets identified six stocks within the BSE200 index that consistently rose…

Gold prices surged to a fresh record high on Friday as data showing a rise in the U.S. unemployment rate boosted expectations that the Federal Reserve could begin cutting interest rates soon. Spot gold rose 0.7% to $2,173.49 per ounce by 10:42 a.m. ET (1542 GMT), while U.S. gold futures added 0.7% to $2,180.50. Bullion…

The S&P 500 and the Nasdaq opened higher on Friday after data showing a rise in the unemployment rate and moderation in wage gains boosted expectations that the Federal Reserve could begin cutting interest rates by the middle of this year. The Dow Jones Industrial Average fell 14.55 points, or 0.04%, at the open to…

The Reserve Bank of India (RBI) has sought the industry’s views on reviving the multiple-price method for government bond auctions instead of a Covid-era practice that was initially intended to have only a temporary run. Another point discussed between the RBI and market participants was the idea of conducting a single auction of the 10-year…

Realty developer Lodha, listed as Macrotech Developers, has raised $400 million or over Rs 3,300 crore from global and domestic institutional investors including Invesco Oppenheimer, Blackrock, Carmignac, APG, and HDFC Life with an issue of equity share sale through qualified institutional placement (QIP). The issue was subscribed by both existing and new as well as…

Benchmark indices settled at fresh record high levels in a volatile trade on Wednesday. The 30-share Sensex jumped 408 points to settle at a new record high of 74,085 and the broader Nifty climbed 117 points to close at a lifetime high of 22,474. Stocks that were in focus included names like JM Financial, which…

Wall Street’s main indices opened higher on Wednesday after Federal Reserve Chair Jerome Powell in prepared remarks ahead of his congressional testimony said the central bank expects to reduce its benchmark interest rate later this year. The Dow Jones Industrial Average rose 135.96 points, or 0.35%, at the open to 38,721.15. The S&P 500 opened…

Asian equities eased on Wednesday in cautious trading, with Chinese stocks slipping as the lack of big stimulus measures from Beijing disappointed some investors, while gold and bitcoin eased after hitting record highs. Traders are hesitant to place major bets ahead of congressional testimony from Federal Reserve Chair Jerome Powell that will be parsed to…

Exicom Tele-Systems, a leading player in the Indian electric vehicle (EV) charger market, made a strong debut on the stock exchanges with over 80% premium. Despite a robust listing, the gains anticipated were a bit higher than what was the case due to the negative market sentiment on the listing day. Analysts said the strong…

Benchmark indices continued their winning run on Monday, albeit in a highly volatile trade. The 30-share Sensex rose 66.14 to settle at an all-time high of 73,872 and the broader Nifty jumped 27 points to close at a lifetime high of 22,405. Stocks that were in focus included names like Data Patterns, which rose 5.22%,…

Capital market regulator Sebi has approved IPOs of three companies including that of new age insurance company Go Digit, which is backed by star cricketer Virat Kohli. Digit’s IPO has hit multiple hurdles over compliance issues, which delayed approval for the public offer. Sebi had returned the draft offer document twice as the regulator raised…

Japan’s main stock benchmark breached the 40,000-point level for the first time on Monday as technology shares jumped. The Nikkei share average was last up 0.7% at 40192.48. Japanese stocks continue to soar to new peaks after last month shattering the life-time high set during the halcyon days of the bubble economy over three decades…

After scaling fresh highs on Friday, domestic indices ended the special live trading session on Saturday on a positive note. In the upcoming holiday-shortened week, global trends, foreign flows, and macro data among other key factors will likely drive the market direction. There is a correction seen in mid- and smallcap stocks and it is…

The markets traded in the previous week on analyzed lines. It was largely expected that the markets may not see any runaway upmove but may keep the overall trend intact. In line with these expectations, the Nifty traded in a defined range ending the week on a modestly positive note. The trading range also stayed…

After being net sellers to the tune of Rs 25,744 crore in January, foreign institutional investors (FIIs) poured in Rs 1,539 crore last month despite the US bond yields ruling high with the 10-year yield at around 4.25%. “FIIs may again turn sellers in some of the coming days. But they are unlikely to sell…

Domestic equities surged to a new high after India’s Q3 GDP saw an impressive growth rate driven by robust manufacturing, highlighting the inherent strength of the economy. It is an unusual trading day on Saturday for investors with a special live session being conducted to assess the disaster recovery system. Analysts expect the ongoing momentum…

The investor base of the National Stock Exchange of India (NSE) crossed crore (90 million), underlining the enhanced participation of retail investors. The total number of client codes registered with the exchange stands at 16.9 crores (169 million). The unique investor registrations at NSE have seen an accelerating trend over the last few years. While…

The S&P 500 and Nasdaq closed at record highs on Thursday, buoyed by tech stocks linked to AI, while inflation data and comments from Federal Reserve officials helped shape expectations for the timing of the central bank’s interest rate cuts. Heavyweight chipmaker Nvidia advanced 2.08% as one of the biggest boosts to the benchmark S&P…

MUMBAI – With improving financials, Adani Group further improved its leverage position in the quarter ended December, with the net debt to operating profit ratio reaching 2.5 times and debt coverage ratio at 2.1 times. “With surging cash flows from consistently rising profits and conservative leveraging, the portfolio is well-poised to propel strategic investments on…

SINGAPORE – Bitcoin headed for its biggest monthly gain in more than three years on Thursday and is within range of a record high as cash rushing to listed bitcoin funds propels a strong rally. The largest cryptocurrency by market capitalisation was firm in Asia morning trade at $62,000, having changed hands at as high…

Bitcoin hit $60,000 on Wednesday for the first time in more than two years, as a flurry of capital into new U.S. spot bitcoin exchange traded products fuelled a 42% price rally in February, which would mark its largest monthly gain since December 2020. Bitcoin was last up 6% at $60,131, its highest since November…

Upside Ahead? In the NSE list of stocks with a market cap of over Rs 1000 crore, four stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on February 27, according to stockedge.com’s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in…

The Nifty Bank index snapped a 4-day losing streak on Tuesday to close flat but with a positive bias. It was flat at 46,588 while the Nifty50 rose over 70 points to close at 22,198. IndusInd Bank, Federal Bank, AU Small Finance Bank, and ICICI Bank witnessed buying while selling was seen in SBI, PNB,…

07:23:53 AM IST, 27 February 2024 Sensex Today | Stock Market LIVE Updates: Tokyo stocks open higher Tokyo stocks opened higher on Tuesday, shrugging off falls on Wall Street. The benchmark Nikkei 225 index was up 0.16 percent, or 62.32 points, to 39,296.03 in early trade, while the broader Topix index added 0.17 percent, or…

The Small Industries Development Bank of India (Sidbi) is working on revamping the India Microfinance Equity Fund (IMEF), which failed to take off after being reintroduced by the development bank in November 2022. Sidbi plans to raise the maximum investment size from Rs 5 crore to make it attractive for microfinance entities besides addressing the…

07:23:17 AM IST, 26 February 2024 Sensex Today | Stock Market LIVE Updates: Tokyo stocks open higher Tokyo stocks opened higher on Monday after Wall Street hit fresh peaks.The benchmark Nikkei 225 index was up 0.68 percent, or 265.38 points, at 39,364.06 in early trade, while the broader Topix index added 0.61 percent, or 16.24…

Demand has grown so fervent for corporate bonds that investors are once again willing to finance big mergers and acquisitions something they hesitated to do for much of last year. In just the past two weeks, about $50 billion of bonds have been sold to help finance acquisitions and spinoffs. The deluge, which included notes…

Warren Buffett’s Berkshire Hathaway Inc. said its cash pile scaled a new record as the billionaire investor decried a lack of meaningful deals that would give the firm a shot at “eye-popping performance.” The firm’s cash hoard jumped to a record at $167.6 billion in the fourth quarter as the conglomerate struggled to find deals…

The Association of National Exchanges Members of India (ANMI) recently wrapped up its 13th International Convention, held in New Delhi, on Saturday. According to a press release, the event, themed “Bharat: A Global Hub of Opportunities,” brought together over 900 trading members from leading Indian stock exchanges, regulatory authorities, and industry leaders to deliberate on…

​​The brokerage has downgraded its ratings on SBI and ICICI Bank, while upgrading Bajaj Finance. It reiterated its buy rating on HDFC Bank.

Indian government bond yields were steady on Friday amid a lack of fresh triggers, while market participants digested minutes of the central bank’s February meeting that showed most members considered current interest rates as appropriate. India’s benchmark 10-year bond yield ended at 7.0764%, following its previous close at 7.0682%. The yield ended two basis points…

07:27:24 AM IST, 23 February 2024 Sensex Today | Stock Market LIVE Updates: Sensex, Nifty on Thursday The 30-share BSE benchmark Sensex surged 535 points or 0.74% to settle at 73,158. It rebounded over 1,000 points from the day’s low. The NSE Nifty gained 162 points or 0.74% to end at 22,217— yet another record…

Indian stock market bounced back on Thursday to hit a fresh record high in intraday trade. The S&P BSE Sensex rose over 500 points while the Nifty50 closed above the 22,200 level. Sectorally, buying was seen in auto, IT, capital goods and power stocks while some profit booking was seen in the banking space. Stocks…

“Rainbow Children’s Medicare stock has been in an ascending trend and is rising gradually. It took support near the important 50-EMA level of 1185. Traders can buy for a target of Rs 1350-1500,” Vaishali Parekh, Vice President – Technical Research, Prabhudas Lilladher Pvt. Ltd, said.

The Nifty50 snapped a 6-day winning run to close in the red on Thursday but managed to stay above 22,000 as traders preferred to book profits at higher levels. The index hit a fresh record high of 22,249 in intraday trade while the S&P BSE Sensex fell over 400 points. Sectorally, selling was seen in…

07:22:21 AM IST, 21 February 2024 Sensex Today | Stock Market LIVE Updates: Tokyo stocks open lower Tokyo stocks opened lower on Wednesday tracking losses on Wall Street. The benchmark Nikkei 225 index was down 0.47 percent, or 181.23 points, to 38,182.38 in early trade, while the broader Topix index lost 0.29 percent, or 7.74…

Hello and welcome to a brand-new episode of ET Market Watch — your daily podcast for daily stock market updates. I am Neha V Mahajan, let’s hear the top highlights of the day: -Nifty and Sensex closed with gains and hit new record highs on Tuesday -Major gains were due to an uptrend in HDFC…

07:19:32 AM IST, 20 February 2024 Sensex Today | Stock Market LIVE Updates: Tokyo stocks open slightly higher Tokyo stocks opened marginally higher on Tuesday as investors awaited a fresh sense of direction from Wall Street.The benchmark Nikkei 225 index added 0.11 percent, or 43.00 points, to 38,513.38 at the open, while the broader Topix…

The Coinbase effect refers to the tendency for cryptocurrencies to experience a price surge when listed on the major exchange Coinbase. With its large user base, a Coinbase listing immediately expands the visibility and accessibility of any crypto asset. However, the effect is not uniform — some assets boom while others see only mild gains….

Mahindra & Mahindra. Share Price 1835.55 03:59 PM | 16 Feb 2024 70.50(4.00%) SBI Life Insurance Company. Share Price 1508.45 03:59 PM | 16 Feb 2024 55.11(3.80%) Adani Ports & Special Economic Zone. Share Price 1306.85 03:59 PM | 16 Feb 2024 39.80(3.15%) Maruti Suzuki India. Share Price 11380.40 03:59 PM | 16 Feb 2024…

Domestic benchmark indices advanced on Friday and logged weekly gains, led by a surge in the auto sector on Mahindra & Mahindra’s post-results rally and sustained buying in public sector banks. Both the NSE Nifty 50 index and the S&P BSE Sensex gained about 1.2% each for the week, while remaining resilient in the face…

Ashi Anand, Valcreate Investment says PSU is a space where while we are participating, we are doing so very selectively and very carefully in terms of the names in the sectors that we are going into. Edited excerpts: We have seen PSUs becoming the classic case study of bull and bear for the street. A…

Gala Precision Engineering has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise funds via the initial public offering (IPO) route. The Mumbai-based precision component manufacturer of technical springs will launch its public offer which will be a mix of issue of fresh equity shares and…

Coinbase Global shares jumped closer to a two-year high on Friday after the crypto exchange posted its first quarterly profit since 2021, benefiting from a trading volume surge in the run-up to the approval of spot bitcoin exchange traded funds (ETFs). The stock rallied 14% to $189.28 and added more than $5 billion to the…

The initial public offering (IPO) of Kolkata-based GPT Healthcare, which operates and manages mid-sized multispecialty hospitals under the ILS Hospitals brand, will open for subscription on February 22 and close on February 26. The company filed its draft red herring prospectus (DRHP) with market regulator Sebi last year. The IPO, with a face value of…

Mumbai: More than 20 companies have announced bonus share offers within a mere six-week span, bringing the total number of bonus issues for 2024 to 35 thus far. That compares with 90 companies that issued bonus shares in the last calendar year. Experts attribute the surge to burgeoning earnings and a brighter business outlook, while…

Gold prices languished near a two-month trough on Thursday as traders lowered expectations of sooner and deeper rate cuts by the Federal Reserve this year, while markets await a slew of U.S. economic data for further clarity. Spot gold was up 0.3% at $1,997.10 per ounce, as of 1158 GMT, but hovered near its lowest…

Mutual fund managers are increasingly being choosy while picking stocks in the mid-cap and smallcap space amid concerns over rich valuations. In January, they selectively bought pharmaceuticals, while shuffling their holdings in the banking and financial services industry (BFSI) space after shares of private lenders fell on worries about their profitability. Some of their top…

Bharat Petroleum Corporation. Share Price 623.65 03:59 PM | 14 Feb 2024 39.36(6.74%) State Bank of India Share Price 743.40 04:02 PM | 14 Feb 2024 29.95(4.20%) Oil And Natural Gas Corporation. Share Price 268.85 04:02 PM | 14 Feb 2024 9.36(3.61%) Coal India. Share Price 466.35 04:02 PM | 14 Feb 2024 14.00(3.10%) Tata…

Mumbai: Multi Commodity Exchange of India (MCX), a commodity derivatives bourse, experienced a delayed start in trading on Tuesday on account of a technical glitch. Trading, which was scheduled to start at 9 am, began at 1 pm. “The delayed start was attributed to the slow processing and generation of backend files for the members……

Leading media company ZEE on Tuesday reported 141% growth in its consolidated net profit at Rs 58.5 crore for the quarter ended December 2023. The same stood at Rs 24.3 crore in the last year quarter. Revenue from operations during the third quarter fell 3% year-on-year (YoY) to Rs 204 crore. The company has reported…

Domestic equities opened positive on the first day of the week but soon witnessed selling pressure amid muted global cues. In today’s trade, markets will react to the inflation data, which fell to a 3-month low of 5.10% in January. “Global cues are muted as most of the Asian markets are closed for this week…

Nifty on Monday ended 166 points lower to close below the 20-DMA and form a lower top on the daily chart which signalled a diminishing bullish sentiment. A long bear candle was seen on the charts The momentum indicator aligns with this bearish outlook, displaying a crossover. Nifty might remain in sell-on-rise mode as long…

It was a volatile week for the market, where equity indices ended with minor cuts. In the current week, investors will look out for macro data both on the domestic and global fronts. “We expect the market to turn cautious and consolidate in the near term amid key macro data to be announced and the…

Domestic equity indices were muted on Friday and logged weekly losses, weighed down by financials and consumer stocks, as investors digested the fading likelihood of early rate cuts in India and the United States. The NSE Nifty 50 and BSE Sensex dropped 0.33% and 0.68%, respectively for the week. On Friday, the Nifty and Sensex…

India’s largest stock exchange NSE on Saturday reported a 25% year-on-year (YoY) rise in its consolidated revenue from operations to Rs 3,517 crore for the quarter ended December while its net profit was up 8% YoY at Rs 1,975 crore. The quarterly net profit margins stood at 51%, NSE said. Apart from trading revenue, the…

The initial public offering of Entero Healthcare opened for subscription on February 9. The company plans to raise about Rs 1,600 crore from the IPO, which is the biggest fundraising by any company so far this year through the primary market route. Entero Healthcare raised Rs 716 crore from 25 anchor investors ahead of the…

The issue price of the next tranche of Sovereign Gold Bond, opening for subscription for five days from Monday, has been fixed at Rs 6,263 per gram, the Reserve Bank said in a statement on Friday. The Sovereign Gold Bond Scheme 2023-24 – Series IV will be open for subscription during February 12-16, 2024. “The…

MUMBAI – Hero MotoCorp on Friday reported a 51% year-on-year (YoY) growth in net profit for the quarter ended December to Rs 1,073.40 crore, which was largely on expected lines. Revenue from operations grew 21% YoY in the quarter to Rs 9,724 crore and was higher than an ETnow poll of Rs 9,690 crore. The…

Equity markets witnessed selling pressure on Thursday as the RBI opted for a cautious tone on rate cuts amid a firm inflation trend. Governor Shaktikanta Das said it has decided to keep the policy repo rate unchanged on the basis of an assessment of the current and evolving macroeconomic situation. “After the hawkish tone of…

State-owned Life Insurance Corp (LIC) on Thursday reported a standalone net profit of Rs 9,444 crore for the quarter ended December 2023. The profit was up 49% from Rs 6,334 crore posted in the last year quarter. The net premium income for the third quarter rose 5% year-on-year to Rs 1.17 lakh crore, compared with…

Mumbai: Financial services shares saw the highest selling by foreign funds across sectors in the second-half of January. Foreign investors dumped shares in the sector worth ₹31,261 crore between January 16 and 31 after buying worth ₹1,248 in the first-half of the month, as per data from National Securities Depository Limited (NSDL). The sector received…

Nifty on Wednesday ended flat with a gain of just one point and formed a small negative candle with a lower shadow on the daily chart ahead of the RBI policy outcome tomorrow. The short-term trend of Nifty continues to be positive. There is a higher possibility of an upside breakout of 21,950-22,000 mark in…

Mumbai: GMR Airports (GAL), which operates aviation facilities in Delhi, Hyderabad and North Goa, raised ₹2,250 crore from finance companies and private credit investors last week, said people with knowledge of the matter. The funds were raised at 13.275% in the form of listed, unsecured, rated, non-convertible bonds for two years and ten months. GMR…

The Nifty Bank ended in the red for the third day in a row on Tuesday. The index closed 134 points lower at 45,690. The Nifty50, on the other hand, rose 157 points to 21,929. SBI, ICICI Bank and PNB led the gains while selling was seen in Bank of Baroda, Bandhan Bank, IndusInd Bank…

China’s smallest stocks are flashing a warning about the potential downside for the world’s second-largest equity market if Beijing fails to follow through on a highly anticipated rescue campaign. While the country’s large-cap CSI 300 Index eked out a 0.7% gain on Monday after a renewed pledge from regulators to support the market, a gauge…

Drug maker Alembic Pharma on Monday reported Rs 180 crore net profit in Q3FY24, which is a 48% year-on-year (YoY) increase compared to the corresponding period of the previous year led by India and US sales growth. The company reported Rs 122 crore in net profit in Q3FY23. Revenue grew 8% YoY to Rs.1631 crores…

Mumbai: ICICI Securities said a pre-election rally in the stock market is on the cards with the Nifty expected to advance to 23,400 by June. This implies an upside of over 7% over the index’s Friday closing of 21,853.80. Public sector banks, IT, capital goods and power stocks could be among the top gainers in…

India’s benchmark Nifty 50 index hit an all-time high for the fifth time this year on Friday, led by gains in Reliance Industries and IT stocks, and as the government’s fiscal prudence in its budget also boosted sentiment. The NSE Nifty 50 index surged to a high of 22,127 points in the session before pulling…

Mumbai: State Bank of India (SBI)’s profit fell 35% year on year due to provisions on wage and pension increases even as loan growth remained strong. Net profit fell to Rs 9164 crore in the quarter ended December 2023 from Rs 14,205 crore a year ago as the bank made a total of Rs 13,413…

Steel products maker Goodluck India Ltd on Saturday posted a 72 per cent rise in its consolidated net profit at Rs 31.75 crore during the quarter ended December 2023, aided by higher income. It had clocked a net profit of Rs 18.40 crore during the October-December period of preceding 2022-23 financial year, the company said…

NEW YORK, – U.S. Treasury yields surged on Friday after the closely watched nonfarm payrolls report showed nearly double the job growth in January than expected, dashing hopes for imminent interest rate cuts by the Federal Reserve. Markets now expect the Federal Reserve to cut benchmark interest rates by 127 basis points by year-end, down…

NEW DELHI: Several stocks plunged in excess of 5 per cent in Mumbai trading on Friday even as equity benchmark BSE Sensex traded 440.33 points up at 72085.63 amid brisk buying in frontline bluechip counters. On the BSE, Ramky Infra(down 19.99 per cent), PayTM(down 19.99 per cent), KLRF Ltd(down 13.41 per cent), Oriental Carbon(down 12.58…

Interim budget 2024 was a prudent one devoid of any populist measure when seen in the light of an upcoming election. It scored high on fiscal prudence without compromising on high-quality capital expenditure. The finance minister clearly outlined the intent towards fiscal prudence by announcing the fiscal deficit target for FY25 at 5.1% as against…

NEW DELHI: Indus Towers(Rs. 3899.28 crore), HUDCO(Rs. 3506.22 crore), Indian Railway Fin(Rs. 2924.23 crore), HDFC Bank(Rs. 2395.17 crore), NBCC (Rs. 2321.32 crore), Indian Renewable(Rs. 2251.18 crore), L&T(Rs. 2099.64 crore), Maruti Suzuki(Rs. 1973.24 crore), RIL(Rs. 1907.54 crore) and SBI(Rs. 1714.51 crore) were among the most traded securities on the National Stock Exchange in Thursday’s session. The…

The Federal Reserve left interest rates unchanged on Wednesday but took a major step towards lowering them in coming months in a policy statement that tempered inflation concerns with other risks to the economy and dropped a longstanding reference to possible further hikes in borrowing costs. The U.S. central bank’s latest policy statement gave no…

NEW DELHI: JP Power(numbers of share traded: 24.79 crore), Hind Const Co(numbers of share traded: 19.83 crore), Vakrangee (numbers of share traded: 19.09 crore), Vodafone Idea(numbers of share traded: 17.62 crore), YES Bank(numbers of share traded: 16.45 crore), UCO Bank(numbers of share traded: 15.66 crore), Suzlon Energy(numbers of share traded: 14.54 crore), NHPC(numbers of share…

General Motors shares jumped Tuesday after the company gave investors an upbeat outlook for 2024 and signaled more capital will be returned to shareholders. “Consensus is growing that the U.S. economy, the job market and auto sales will continue to be resilient,” GM Chief Executive Mary Barra told investors in a letter. GM expects to…

MUMBAI – PB Fintech Ltd on Tuesday reported strong numbers for the quarter ended December 2023, with the company posting a consolidated net profit of Rs 38 crore, against a loss of Rs 87.3 crore a year ago, and a loss of around Rs 20 crore a quarter ago. Revenue from operations increased 43% year-on-year…

Vodafone Idea’s net loss for the fiscal third quarter narrowed to Rs 6,989 crore on the back of one-time exceptional gain as well as lower finance and operational costs, though the stressed telco continued to lose millions of subscribers to its rivals. Operating income stood at an 11-quarter high, backed by growth in its 4G…

NEW DELHI: The Nifty Pharma index closed on a positive note on Monday. Shares of Sun Pharmaceutical Industries Ltd.(up 2.38 per cent), Abbott India Ltd.(up 2.03 per cent), Lupin Ltd.(up 2.02 per cent), Zydus Lifesciences Ltd.(up 1.63 per cent) and Ipca Laboratories Ltd.(up 1.54 per cent) ended the day as top gainers in the pack….

New Delhi, Enthused by a stellar performance in the third quarter, state-owned Punjab National Bank (PNB) has raised its profit guidance to Rs 7,000-7,500 crore for the current financial year. Earlier, the second largest lender had set a profit estimate of Rs 6,000 crore for the ongoing fiscal. With a 253 per cent jump in…

Indian equity indices declined on Thursday, dragged by information technology stocks following disappointing results from Tech Mahindra and as financial stocks continued to retreat. The bluechip NSE Nifty 50 index fell 0.47% to 21,352 points and the S&P BSE Sensex lost 0.51% at 70,700. They have fallen about 1.3% each over the three sessions this…

New Delhi: Realty firm Macrotech Developers on Saturday reported a 25% rise in its consolidated net profit to Rs 505 crore in the December quarter and said it could raise up to Rs 5,000 crore, if needed, for expansion. Mumbai-based Macrotech Developers is one of the leading real estate developers in the country. It has…

The outlook for the bond market looks favourable with the rate environment seeming benign. The monetary policy will continue to be actively disinflationary keeping an eye on global cues & events, being strongly inter-related. Despite the core inflation steadily easing, food inflation remains volatile and broad-based & remains a key concern. A reasonable visibility on…

The benchmark S&P 500 and the blue-chips Dow were subdued on Friday as an in-line inflation print signaling continued moderation in price pressures helped offset an earnings gloom cast by a dour revenue forecast from Intel. The U.S. Commerce Department’s report showed the personal consumption expenditure index – the Federal Reserve’s preferred inflation gauge -rose…

European equities opened higher on Friday, boosted by upbeat quarterly updates from luxury group LVMH and spirits maker Remy Cointreau, while investors gauged interest rate cut prospects, a day after the European Central Bank left rates unchanged. By 0819 GMT, the pan-European STOXX 600 index was up 0.4%. LVMH jumped 8.2% after the world’s largest…

Adani Ports & Special Economic Zone. Share Price 1146.30 03:59 PM | 25 Jan 2024 25.71(2.30%) NTPC. Share Price 314.75 03:59 PM | 25 Jan 2024 5.90(1.92%) Coal India. Share Price 389.40 03:59 PM | 25 Jan 2024 6.80(1.78%) IndusInd Bank. Share Price 1512.00 03:57 PM | 25 Jan 2024 21.16(1.42%) ICICI Bank. Share Price…

Sensex Today: After a sharp run-up on Wednesday, the equity benchmark indices were back to their losing ways on Thursday. Sensex and Nifty declined, dragged by information technology stocks on weak results from Tech Mahindra. Broader markets, on the other hand, traded in the green.

Hindalco Industries. Share Price 565.15 04:06 PM | 24 Jan 2024 23.75(4.39%) Dr. Reddy’s Laboratories. Share Price 5902.10 03:59 PM | 24 Jan 2024 227.71(4.02%) Tata Steel. Share Price 135.15 04:06 PM | 24 Jan 2024 5.06(3.89%) Power Grid Corporation of India. Share Price 246.20 04:06 PM | 24 Jan 2024 8.25(3.47%) HCL Technologies. Share…

NEW DELHI: The Nifty IT index closed on a positive note on Wednesday. Shares of HCL Technologies Ltd.(up 3.47 per cent), Tech Mahindra Ltd.(up 3.03 per cent), Coforge Ltd.(up 2.71 per cent), Persistent Systems Ltd.(up 2.69 per cent) and L&T Technology Services Ltd.(up 2.59 per cent) ended the day as top gainers in the pack….

Mumbai: Cloud communications company Route Mobile on Tuesday reported a 33% on-year jump in net profit at Rs 113.6 crore for the December quarter, helped by a Rs 15 crore exceptional gain.The company’s quarterly revenue from operations was up almost 4% on-year to Rs 1024.3 crore. “PAT in Q3 FY24 was boosted by exceptional items…

NEW DELHI: Sugar shares closed lower in the Tuesday’s session. EID Parry(India)Ltd.(up 3.20%) and Bannari Amman Sugars Ltd.(up 1.55%) stood among the top gainers. DCM Shriram Industries Ltd.(down 5.17%), KM Sugar Mills Ltd.(down 5.01%), Bajaj Hindusthan Sugar Ltd.(down 4.94%), Uttam Sugar Mills Ltd.(down 4.56%), Rana Sugars Ltd.(down 3.92%), Avadh Sugar & Energy Ltd.(down 3.58%), Dhampur…

Realty developer Oberoi Realty has reported 48% year-on-year decline in its consolidated net profit for the quarter ended December at Rs 360.02 crore. Total consolidated income for the quarter also declined 34% to Rs 1,082.85 crore.The developer’s new tower in Elysian at its project Oberoi Garden City in Mumbai’s Goregaon has recorded gross booking value…

BENGALURU – Colgate-Palmolive (India) reported a 35.7% jump in third-quarter profit on Monday, aided by healthy urban demand and a fall in expenses. Net profit rose to 3.30 billion rupees ($39.7 million) for the quarter ended Dec. 31 from 2.43 billion rupees a year earlier. Sales of consumer goods makers have been boosted by urban…

The initial public offer (IPO) of Nova Agritech will open for subscription on January 23, instead of January 22 due to a stock market holiday. The issue will close on January 25. The share allotment for the public offer will be done on January 29 and the company is gearing up for January 31 listing….

“We think investors looking to invest in large caps could deploy it gradually over the next 2-3 months but those looking to invest in mid and smallcap could wait for better entry points,” says Alekh Yadav, Head of Investment Products, Sanctum Wealth. In an interview with ETMarkets, Sarin said: “Even staggering investments into those segments…

ICICI Bank on Saturday reported 23.6% year-on-year (YoY) growth in its profit after tax to Rs 10,272 crore for the quarter ended December 2023. ETNOW Poll had estimated the PAT figures at Rs 9,981 crore.Its net interest income (NII) increased by 13.4% YoY to Rs 18,678 crore in Q3 from Rs 16,465 crore in the…

Indian headline indices ended in the red on Saturday, conceding their early gains amid selling pressure in FMCG, IT and pharma sectors despite a good show by banks. While S&P BSE Sensex settled at 71,424, down by 260 points or 0.36%, the broader Nifty closed 50 points or 0.23% lower at 21,571.80. The market breadth…

NEW YORK -Oil prices were little changed on Friday but headed for a weekly gain, as Middle East tensions and disruptions to oil output offset concerns about the global economy. Brent futures were up a cent to $79.11 a barrel at 11:41 a.m. (1641 GMT). U.S. West Texas Intermediate crude fell 9 cents to $73.99….

NEW DELHI: Digidrive Distributo, Stampede Cap(DVR), Blue Coast Hotel, GSS Infotech and Flair Writing Indust and others were among the stocks that touched their 52-week lows in today’s trade. Domestic benchmark index NSE Nifty ended 160.16 points up at 21622.4, while the BSE Sensex closed 496.37 points up at 71683.23. On the other hand, MITCON…

BENGALURU – Tata Group-owned Tata Communications reported its fastest quarterly revenue growth in nearly nine years on Thursday, boosted by strength in its mainstay data services business. Revenue rose 24.4% to Rs 56.33 billion for the quarter-ended December 31, according to an exchange filing. The company, which provides services such as data connections and cybersecurity…

Amit Syngle, MD & CEO, Asian Paints, says “going forward, we know that today, there might be another range of softening of prices which might have led to a little bit of a deflation. What we are cautious about is the fact that there is a certain geopolitical situation going around and there is a…

After a bloodbath on Dalal Street on Wednesday, it seems there is more pain in store for HDFC Bank as the lender’s ADRs (American Depository Receipts) are down about 8% on the NYSE. The stock recorded its biggest fall in over two years, leaving a dent of Rs 1 lakh crore after the company’s third-quarter…

India’s highest-priced stock MRF, which had hit the Rs 1 lakh share price mark in June last year, hit another milestone of Rs 1.5 lakh on Wednesday after a 10% rally. This is the first time that an Indian stock has achieved this milestone. In Wednesday’s trade, MRF stock witnessed a total of 27,248 equity…

New Delhi, Network18 Media & Investments Ltd on Tuesday reported a consolidated loss of Rs 107.87 crore for the third quarter ended December 2023. The company had posted a profit of Rs 8.82 crore during the October-December period a year ago, according to a regulatory filing by Network18 Media & Investments Ltd. Its consolidated revenue…

The dollar rose on Tuesday as investors tempered their expectations for a March rate cut from the Federal Reserve, while the pound and yen fell as inflationary pressures subsided. Against a basket of currencies, the dollar rose 0.47%to 103.13, a one-month high. It gained 0.2% overnight in subdued trading during a U.S. public holiday on…

Mumbai, India Inc mopped up a record Rs 9.58 lakh crore from the market in 2023, registering an increase of 26 per cent from the year-ago period, according to market data. In 2022, fund mobilisation through corporate bonds on private placement basis stood at Rs 7.58 lakh crore, according to the data collated by Primedatabase….

The initial public offer (IPO) of Medi Assist Healthcare was subscribed 36% so far on the first day of the bidding process. The retail investors category was subscribed the most at 62%, followed by non-institutional investors at 22%. There were no bids in the QIB portion yet. The issue, which is being offered at Rs…

Even after Friday’s sharp surge, laregcap IT stocks are not yet in the overbought zone as gains in the last one year have been most visible among smallcap stocks, says Anand James, Chief Market Strategist, Geojit Financial Services. Among index stocks, we look forward to Infosys and Tech Mahindra, he says. Edited excerpts: We are…

The Indian market closed higher for the fourth consecutive day in a row on Friday. The S&P BSE Sensex rose more than 800 points while the Nifty50 closed just a shade below 21,900 levels. Sectorally, buying was seen in IT, realty, oil & gas and public sector while selling was seen in healthcare, utilities and…