It was a great year for the stock market and for the vast majority of investors in workplace retirement accounts. But let’s not get carried away. Even after the 2023 gains, most stock investors are only barely above water since the start of 2022. It looks better when you include dividends. Then, the S&P 500…
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NEW YORK/LONDON: BlackRock said on Friday it would buy Global Infrastructure Partners (GIP) for $12.5 billion in a major bet on alternative assets and announced a shake-up of its top management. The deal, which includes $3 billion in cash and 12 million BlackRock shares, will put the asset management giant at the heart of investing…
Shares of Tube Investments of India Ltd. traded 1.54 per cent down at Rs 3839.3 at 02:06PM (IST) on Friday, even as BSE benchmark Sensex gained 812.17 points to 72533.35. The stock had settled at Rs 3899.5 in the previous session. The stock quoted a 52-week high price of Rs 4046.9 and 52-week low of…
Hero MotoCorp. Share Price 4342.20 03:59 PM | 11 Jan 2024 204.15(4.94%) Bajaj Auto. Share Price 7298.85 03:59 PM | 11 Jan 2024 245.11(3.48%) Reliance Industries. Share Price 2719.80 03:59 PM | 11 Jan 2024 69.71(2.64%) Axis Bank. Share Price 1125.75 03:59 PM | 11 Jan 2024 18.75(1.70%) Bharat Petroleum Corporation. Share Price 458.70 03:59…
Shares of GAIL (India) Ltd. slipped 0.68 per cent to Rs 158.8 in Thursday’s trade as of 02:11PM (IST). The stock hit a high price of Rs 161.1 and low of Rs 155.85 during the session. The return on equity (ROE) for the stock stood at 8.64 per cent. Traded volume on the counter stood…
In a twist perhaps appropriate for the unpredictable crypto industry, a fake tweet from the Securities and Exchange Commission’s account on X Tuesday stated that trading of bitcoin ETFs had been approved. It had not. The price of bitcoin swung higher, and then sank when the SEC said no approval had been granted and its…
Ashish Gupta, CIO, Axis Mutual Fund, says “both capex and real estate are sectors that are emerging after multi-years of down cycle. And therefore, the ROE recovery in many of these companies is very, very sharp. Some of this is priced in. I think some of this still has to play out. And we are…
This SME IPO turned Rs 1 lakh to Rs 5 lakh within seconds. Do you own it?
NEW YORK -The dollar dropped from three-week peaks on Friday in choppy trading after data showed the U.S. services sector slumped in December, negating gains posted after a report showing higher-than-expected nonfarm payrolls last month. The Institute for Supply Management (ISM) said its non-manufacturing index fell to 50.6 last month, the lowest reading since May,…
Wall Street’s main indexes opened flat on Friday and were on course to snap a nine-week winning streak after a stronger-than-expected jobs report signaled resilience in the labor market and tempered expectations of rapid interest rate cuts this year. The S&P 500 opened higher by 3.32 points, or 0.07%, at 4,692.72, while the Nasdaq Composite…
07:25:29 AM IST, 05 January 2024 Sensex Today | Stock Market LIVE Updates: Tokyo stocks open higher Tokyo stocks opened higher on Friday as a weaker yen against the dollar buoyed exporter shares, while traders awaited US jobs data due later in the day.The Nikkei 225 added 0.33 percent, or 109.23 points, to 33,397.52 at…
IT major HCL Technologies is expected to report a 10.3% sequential jump in its December quarter net profit at Rs 4,227.50 crore aided by improvements in margins according to estimates by Nuvama. The net profit is seen growing by 3.2% on a year-on-year basis. The company will declare its third quarter earnings on January 12….
Address Accessibility and Inclusivity in Your Graphic Design People around the world visit websites for a variety of reasons and come from a range of backgrounds. Many of them have disabilities that affect their ability to interact with the design. The more a designer takes these barriers into account, the more inclusive their designs will…
New Delhi: The Supreme Court on Wednesday refused to order inquiries into Adani Group by a special investigation team (SIT) or the Central Bureau of Investigation (CBI) – a major relief to the business house – over US short-seller Hindenburg Research’s allegations of fraud, misgovernance and stock price manipulation. It said the Securities and Exchange…
Nifty on Wednesday ended 148 points lower to form a long negative candle on the daily chart placed at the edge of breaking below the immediate support of 10-day EMA. The positive chart pattern like higher tops and bottoms is intact on the daily chart and the present weakness could be in line with the…
New Delhi: Vodafone Idea on Tuesday denied a media report of talks with Elon Musk-owned Starlink for a stake sale, sending the telecom operator’s shares down by 5.65%. The shares had hit a 52-week high intraday Monday, gaining nearly 40% in two trading sessions after the report emerged on the Starlink talks. “In this regard,…
Solar EPC company Rays Power Infra has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial share sale. The Initial Public Offering (IPO) comprises a fresh issuance of equity shares worth up to Rs 300 crore and an offer for sale component of up to 29.95 lakh shares by its…
Nestle India. Share Price 27372.40 03:57 PM | 01 Jan 2024 792.11(2.98%) Adani Enterprises. Share Price 2917.20 03:59 PM | 01 Jan 2024 68.25(2.39%) Adani Ports & Special Economic Zone. Share Price 1047.85 03:59 PM | 01 Jan 2024 23.50(2.29%) Tech Mahindra. Share Price 1297.15 03:59 PM | 01 Jan 2024 24.50(1.92%) Coal India. Share…
The Nifty Bank index closed in the red for the second consecutive day on Monday weighed down by muted global cues and profit-booking at higher levels. The Nifty Bank rose over 8% in December 2023 and more than 11% in a year, Trendlyne data showed. The level of 48,000 will now act as a crucial…
Tata Consumer Products. Share Price 1086.80 03:59 PM | 29 Dec 2023 45.80(4.39%) Tata Motors. Share Price 779.95 03:59 PM | 29 Dec 2023 26.06(3.45%) Bajaj Auto. Share Price 6797.25 03:59 PM | 29 Dec 2023 93.95(1.40%) Adani Enterprises. Share Price 2848.95 03:59 PM | 29 Dec 2023 39.05(1.38%) Eicher Motors. Share Price 4143.50 03:59…
Indian benchmark equity indices ended 2023 on a sour note on Friday, snapping a five-session rally due to a drop in financial and energy companies, but ended higher for an eighth straight year. The Nifty 50 index closed 0.22% lower at 21,731 points, while the Sensex settled 0.23% down at 72,240 points — both only…
Top Gainers Ending on December 29, the Nifty benchmark index wrapped up the week with a 2.2% gain across the last five trading sessions, settling at a closing value of 21,731 and achieving positive closures in four out of the last five sessions. ETMarkets identified five stocks in the Nifty50 index throughout the week that…
While on the surface, it might appear to be another notice wherein an Indian law enforcement agency has sent a notice to a foreign entity to comply with Indian laws. But the reality is that the show cause notice sent by the Financial Intelligence Unit (FIU) to nine offshore virtual digital asset service providers, including…
NEW DELHI: FMCG shares closed lower in the Friday’s session. Emami(up 5.77%), Dodla Dairy(up 5.03%), Bajaj Consumer(up 4.85%), TATA CONSUMER PRODUCTS(up 4.40%), Hatsun Agro Product Ltd(up 3.45%), Vadilal Industries(up 3.41%), Dabur India(up 2.60%), Zydus Wellness(up 2.31%), Prataap Snacks(up 2.23%) and Hindustan Foods(up 1.82%) stood among the top gainers. JHS Svendgaard Laboratories(down 3.60%), Tasty Bite Eatables(down…
MUMBAI: There is very little value in most parts of the equity market after the recent run-up seen in shares, said Kotak Institutional Equities, advising investors to expect low returns in the election-bound 2024. The brokerage has been cautious on the mid- and small-cap space for the last three to four months, and following the…
NEW DELHI: Shares of Aarti Surfactants(PP), SecMark Consultancy, Lagnam Spintex, Hind Copper and Bhagyanagar Ind, hit their fresh 52-week highs during Thursday’s trade on NSE. Benchmark NSE Nifty closed 123.95 points up at 21778.7 amid buying in frontline bluechip counters. However, stocks such as Akshar Spintex, Bajel Projects, Motisons Jewellers, Vaxtex Cotfab and Muthoot Microfin,…
Mumbai: A study by brokerage Sharekhan said the inability to determine the market movement and lack of trading know-how among newbie futures and options traders are the main reasons for losses. The firm, which conducted the study with analytics firm Kantar, said 32% of such traders couldn’t judge the market movement, while 13% claimed a…
In Wednesday’s trading session, five stocks witnessed a build of fresh short positions. Let us first understand how this conclusion is reached whether the stock has seen a buildup of fresh short position or not. To understand it we have to look at what “ short selling” means. When a trader is expecting the stock…
Shares of Suraj Estate Developers made a muted debut on the exchanges by listing with 5% discount. The stock fell another 2% after the listing and is currently trading at Rs 335.9, compared with an issue price of Rs 360. The company’s operations are heavily skewed towards the South-Central Mumbai market, and valuations are on-par…
Divi’s Laboratories. Share Price 3850.95 02:31 PM | 26 Dec 2023 156.00(4.22%) Hero MotoCorp. Share Price 4050.85 02:31 PM | 26 Dec 2023 115.16(2.92%) Wipro. Share Price 472.55 02:31 PM | 26 Dec 2023 9.91(2.13%) NTPC. Share Price 308.50 02:31 PM | 26 Dec 2023 5.70(1.88%) Kotak Mahindra Bank. Share Price 1893.25 02:31 PM |…
The investment landscape in India has witnessed a significant transformation over the last decade in terms of varied asset choices, allocation strategies and risk tolerance. This has been witnessed particularly among ultra-high net worth individuals and family offices. India’s changing economic landscape and several measures taken by the government to provide ease of investments, including…
The shares of Suraj Estate Developers will make their debut on the exchanges on Tuesday. Ahead of the listing, the company’s shares are trading with a premium of Rs 20 in the unlisted market.If we consider the upper price band of Rs 360, the stock is expected to list at a mild premium of 5%.However,…
Nifty IT: Up 4% last week, Nifty IT was the top sectoral gainer as investor optimism, which started with Fed’s dovish tilt, remained unfazed even after Accenture’s disappointment. “Throughout the most part of 2022 as well as 2023, the sector had been going through a period of correction as well as consolidation, before starting the…
In the ever-evolving realm of India’s real estate, the third quarter of 2023 has brought about unexpected changes, capturing the attention of both investors and industry stakeholders. Amidst this dynamic landscape, the significance of real estate investment with limited capital has come to the forefront. As property prices surge in both commercial and residential sectors,…
Tata Group is a popular choice for investors, with its overall market capitalization increasing approximately 30% to Rs 27.22 lakh crore in just one year. In CY23, nine out of 28 Tata Group stocks surged over 50% and 4 of them even achieved the multi-bagger status! In the same timeframe, about 20 stocks within the…
As Christmas lights twinkle and the festive vibe kicks in, we approach a widely recognized seasonal phenomenon in global financial markets — the Santa Claus Rally. This trend entails a notable upswing in the stock prices during the last five trading days of December and the first two days of January. Currently, the Indian stock…
Oil prices rose on Friday as tensions persisted in the Middle East following Houthi attacks on ships in the Red Sea, although Angola’s decision to leave OPEC raised questions over the group’s effectiveness in supporting prices. Brent crude futures were up 92 cents, or 1.2%, to $80.31 a barrel at 1445 GMT. U.S. West Texas…
Shares of Shree Cements Ltd. traded 0.77 per cent down at Rs 28000.0 at 01:50PM (IST) on Friday, even as BSE benchmark Sensex dropped 79.99 points to 70785.11. The scrip had closed at Rs 28219.95 in the previous session. The stock quoted a 52-week high price of Rs 28950.0 and 52-week low of Rs 21433.25,…
Chipmaker Micron Technology’s shares jumped 7% on Thursday after it predicted a strong recovery in the supply-demand balance for memory and flash storage in 2024. The company’s quarterly results on Wednesday exceeded market expectations and it forecast a strong February quarter in a clear sign that memory chip prices will improve next year to recover…
Ramesh Damani, Member, BSE, says “the kind of volumes that trade places in the option is beyond my understanding. The kind of froth we see sometimes in the SME market is beyond that. But broadly a well managed company whether it is a smallcap or largecap is still a good investment opportunity and I would…
BLS E-Services and Popular Vehicles have received capital markets regulator Sebi approval to launch their respective IPOs. BLS E-Services, a subsidiary of BLS International, runs a web-enabled services portal to access various services provided by the government and service partners. The company claims to provide end-to-end integrated solutions to various services availed through this portal….
Shares of ACC Ltd. traded 2.76 per cent down at Rs 2143.0 at 01:46PM (IST) on Wednesday, even as BSE benchmark Sensex dropped 186.41 points to 71250.78. The scrip had settled at Rs 2203.85 in the previous session. The stock quoted a 52-week high price of Rs 2673.95 and 52-week low of Rs 1593.5, respectively….
Coal India. Share Price 366.95 03:59 PM | 19 Dec 2023 19.31(5.55%) Nestle India. Share Price 25489.70 04:11 PM | 19 Dec 2023 1135.46(4.66%) NTPC. Share Price 309.65 03:59 PM | 19 Dec 2023 6.45(2.12%) Tata Consumer Products. Share Price 966.15 03:59 PM | 19 Dec 2023 16.45(1.73%) Cipla. Share Price 1237.10 03:59 PM |…
Shares of MphasiS Ltd. slipped 0.93 per cent to Rs 2653.9 in Tuesday’s trade. It hit a high of Rs 2685.65 and low of Rs 2626.15 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 2129.37, while the 50-DMA was at Rs 2320.38. If a stock trades above 50-DMA…
SunPower on Monday raised doubts about its ability to stay in business, saying that its breach of a key term in a credit agreement could prompt lenders to recall certain loans, sending its shares tumbling 23%. The company said in a regulatory filing that lenders may demand immediate payment of $65.3 million in debt after…
Shares of Bandhan Bank Ltd. traded 0.33 per cent up at Rs 254.75 at 01:25PM (IST) on Monday, even as BSE benchmark Sensex dropped 118.41 points to 71365.34. The scrip had settled at Rs 253.9 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 272.0 and Rs 182.2, respectively….
India’s benchmark equity indices, Nifty and Sensex, posted their longest weekly winning streak in six years on Friday, extending their rally to record highs, as global markets advanced on elevated bets of a US rate cut by March 2024. Both the NSE Nifty 50 index and BSE Sensex rose about 2.3% in the week, extending…
The unicorns and decacorns lining up for the long-awaited return of mega-listings in 2024 are worthy candidates. They were worthy this year, too – and yet, here we are. From Reddit Inc. to Syngenta Group to CVC Capital Partners, debuts meant to restore sickly global initial public offering activity to health have been pushed back,…
Kolkata: Morgan Stanley Asia (Singapore) Pte, WCM International, JNL Multi Manager International, Clearwater International and SBI General Insurance are among a group of 26 anchor investors which have put in Rs 285 crore collectively in Muthoot Microfin ahead of its Rs 960 crore initial public offer set to hit the market for on Monday. WCM…
Ankit is currently the Head of Investment Research at Mudrex, where he brings his extensive expertise in digital asset trading, portfolio management, and investment strategies. His proficiency extends to generating new alpha strategies across diverse asset classes and contributing to product and index development. Read more… Prior to his role at Mudrex, Ankit served as…
As markets staged a monster rally following the Federal Reserve’s shift toward loosening monetary policy, one corner of the financial system had reason to remain on edge. For participants in the overnight funding markets — a key conduit for bank borrowing and linchpin for determining interest rates — Wednesday’s policy meeting contained a more pertinent…
Shares of Ashok Leyland Ltd. rose 0.93 per cent to Rs 174.35 in Friday’s trade. It hit an intraday high of Rs 176.75 and low of Rs 174.05, respectively, during the day. The stock quoted a 52-week high price of Rs 191.45 and low of Rs 133.1. As of 12:23PM (IST), the counter saw total…
Indian benchmark equity indices hit all-time highs on Thursday, joining a global rally after the US Federal Reserve bolstered expectations of an interest rate cut in March 2024. The NSE Nifty 50 index rose 1.23% to 21,182, while the S&P BSE Sensex advanced 1.34% to 70,514. The 50-member Nifty index has now hit a record…
NEW DELHI: Shares of Bajaj Holdings & Investment Ltd. traded 0.79 per cent up in Thursday’s trade at 11:47AM (IST). Around 2,251 shares changed hands on the counter. The scrip opened at Rs 8286.9 and touched an intraday high and low of Rs 8341.0 and Rs 8167.25, respectively, in the session so far. The stock…
Hi, welcome to ET Market Watch – your daily podcast for daily market updates. I am Neha V Mahajan, let’s hear the top highlights of the day. -Indian markets recovered from initial losses and closed higher on Wednesday ahead of US Fed policy outcome -Gains were seen in auto, FMCG, and energy stocks -Sensex rose…
Shares of Bharat Electronics Ltd. gained 0.24 per cent to Rs 161.0 in Wednesday’s trade as of 11:52AM (IST). The stock hit a high price of Rs 162.15 and low of Rs 159.45 during the session. The return on equity (ROE) for the stock stood at 21.53 per cent. Traded volume on the counter stood…
India’s Nifty 50 and Sensex fell on Tuesday, weighed by a pullback in energy shares. The NSE Nifty 50 index fell 0.43% to 20,906, while the S&P BSE Sensex shed 0.54% to 69,551. The blue-chip indices logged their biggest single-day percentage loss since November 1 and October 26, respectively. The Nifty had gained as much…
Shares of InterGlobe Aviation Ltd. traded 0.44 per cent up at Rs 2939.1 at around 11:27AM (IST) on Tuesday. The stock had closed at Rs 2926.1 in the previous session. Equity benchmark Sensex traded 29.89 points lower at 69898.64 around the same time. The scrip has climbed 43.01 per cent in the last one year…
MUMBAI – Three private equity firms are planning to sell stakes worth Rs 3,000-4,000 crore in Mankind Pharma through block deals on Tuesday, according to news reports. Chrys Capital, Capital Group and Everbridge Partners are looking to sell 5-6% stake in the pharmaceutical major. Kotak Mahindra Capital is one of the advisors to the deal,…
Shares of Shree Cements Ltd. traded 1.43 per cent up at Rs 28039.9 at 11:16AM (IST) on Monday, even as BSE benchmark Sensex gained 119.36 points to 69944.96. The stock had closed at Rs 27643.4 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 28151.1 and Rs 21433.25, respectively….
The initial public offer (IPO) of Cryogenic tank maker Inox India will open for subscription on December 14 and close on December 18. The allocation to anchor investors will be done on December 13. The company had filed draft papers in August this year and received approval for the same earlier this month. The issue…
HCL Technologies. Share Price 1364.10 03:59 PM | 08 Dec 2023 36.10(2.71%) LTIMindtree. Share Price 5708.70 03:59 PM | 08 Dec 2023 141.50(2.54%) JSW Steel. Share Price 839.35 03:59 PM | 08 Dec 2023 20.21(2.46%) Apollo Hospitals Enterprise. Share Price 5555.35 03:59 PM | 08 Dec 2023 93.96(1.72%) Infosys. Share Price 1491.15 04:05 PM |…
The markets continued their unabated upmove. Following a strongly trending week, the Nifty not only ended at a fresh lifetime high, but it also closed with gains for the sixth consecutive week. The markets piled up decent returns despite some signs of consolidation in the second half of the week. The last two days were…
HCL Technologies. Share Price 1364.10 03:59 PM | 08 Dec 2023 36.10(2.71%) LTIMindtree. Share Price 5708.70 03:59 PM | 08 Dec 2023 141.50(2.54%) JSW Steel. Share Price 839.35 03:59 PM | 08 Dec 2023 20.21(2.46%) Apollo Hospitals Enterprise. Share Price 5555.35 03:59 PM | 08 Dec 2023 93.96(1.72%) Infosys. Share Price 1491.15 04:05 PM |…
Oil benchmarks were on track for a seven-week decline on Friday, their first in half a decade, on worries about a supply surplus and weak Chinese demand, though prices rebounded after Saudi Arabia and Russia lobbied OPEC+ members to join output cuts. Brent crude futures were up $1.46, or 2%, at $75.51 a barrel at…
Irrespective of the market levels and valuations, there will always be some pockets where fundamentally sound companies could be going under some transient developments and hence will be available at reasonable valuation, says Anand Shah, Head – PMS and AIF Investments, ICICI Prudential AMC. The key aspect to watch out for is buying into companies…
US-based private equity firm Warburg Pincus sold its partial stake in IDFC First Bank through block deals on Thursday. Warburg Pincus, through its affiliate Dayside Investment, offloaded 9.17 crore shares or 1.3% in the private sector lender. The transaction was done at Rs 86.1 apiece, taking the deal value to Rs 790 crore. It is…
U.S. stocks ended down on Wednesday, pulled lower by megacaps and energy shares as signs of a cooling jobs market reinforced expectations that the Federal Reserve could start cutting interest rates early next year. The ADP National Employment report showed private payrolls increased by 103,000 jobs in November, below economists’ expectation of 130,000. That provided…
Freash Peaks During Wednesday’s trading session, the Sensex benchmark index saw a rise of around 358 points, concluding the day at 69,654. Amid this surge, six stocks in the BSE Healthcare index achieved their highest prices in the last 52 weeks. The 52-week high serves as a vital technical indicator for both traders and investors,…
Mumbai: Adani Group stocks surged on Tuesday, adding ₹1.93 lakh crore to market capitalisation and marking their best single-day market performance, following a report by Bloomberg that quoted an unnamed official of the US International Development Finance Corp (DFC) as saying that the allegations by Hindenburg Research were not relevant. The US agency had recently…
MUMBAI – Aided by continued momentum, the Nifty50 ended at a record closing high for the second session on Tuesday and has formed a reasonable positive candle on the daily charts with long lower shadow. “Technically, this pattern reflects ongoing sharp upside in the market and buy on intraday dips opportunity,” said Nagaraj Shetti, technical…
Mumbai: L&T Finance Holdings (LTFH), the non-bank lending business of engineering-to-IT conglomerate Larsen & Toubro (L&T), has merged all its financial services companies within itself, creating a single lending entity, effectively freeing up ₹3,000 crore in liquidity that can be deployed to lend to high-yielding assets. The merger will consolidate lending companies L&T Finance, L&T…
The combined market capitalisation of BSE-listed companies hit an all-time high of Rs 343.48 lakh crore on Monday, amid a rally in equities after the BJP registered victory in assembly polls in three Hindi heartland states. Following the sharp uptick in the market, investors became richer by over Rs 5.81 lakh crore on Monday. The…
MUMBAI: A clear mandate for the Bharatiya Janata Party in three key northern states of India is all set to rejuvenate Dalal Street bulls and take markets higher when trade resumes on Monday. Following the assembly elections in Chhattisgarh, Madhya Pradesh, Mizoram, Rajasthan, and Telangana, exit polls had suggested BJP taking a lead in MP…
Nifty 50 hit a fresh record high on Friday and logged its best week in five months as strong macroeconomic data added to optimism over the global interest rate outlook. The blue chips Nifty 50 and BSE Sensex gained 2.39% and 2.29%, respectively, led by a rise in energy stocks. Faster-than-expected quarterly economic growth and…
Jamshedpur-based Kross Ltd has filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO) of shares. The Rs 500 crore worth IPO comprises fresh issue worth up to Rs 250 crore, and an offer for sale aggregating upto Rs 250 crore…
ITC Share Price 449.80 03:59 PM | 01 Dec 2023 14.00(3.21%) NTPC Share Price 268.95 03:59 PM | 01 Dec 2023 7.65(2.93%) Axis Bank Share Price 1104.65 03:59 PM | 01 Dec 2023 30.40(2.83%) Larsen & Toubro Share Price 3190.65 04:00 PM | 01 Dec 2023 81.45(2.62%) Britannia Industries Share Price 4970.75 03:59 PM |…
