Domestic markets began the week with modest gains, continuing the prevailing positive trend. In today’s trade, shares of Paytm, Indus Towers, Vedanta, Cipla, Gland Pharma among others will be in focus due to various news developments. Paytm Goldman Sachs sold 44.20 lakh shares of One 97 Communications on Tuesday via block deal for Rs 183.44 … Read more
Akme Fintrade’s Rs 132 crore initial public offer (IPO) opened for subscription on Wednesday. The issue, which closes on June 21, is completely a fresh equity sale of 1.1 crore shares. The funds are being raised primarily to augment its capital base. As per RBI norms, the minimum capital adequacy for an NBFC should be … Read more
Abrdn Plc prefers Chinese and Indian stocks over their Japanese peers in the next three to six months, betting that the right policy moves would help the two emerging markets lure fund inflows.Should “high frequency data points continue to surprise on the upside, and at the same time we’ve seen policies being pushed through, that’s … Read more
Benchmark indices continued their uptrend and scaled fresh peaks on Thursday. The 30-share Sensex jumped 538 points to hit its lifetime peak of 77,145 and the Nifty rallied 75 points to settle at a new closing high of 23,398. Stocks that were in focus include names like Sobha, which rose 4.97%, L&T Finance, which gained … Read more
Equity indices hit their fresh record levels on Thursday after lower-than-expected inflation raised hopes of an interest rate cut by the RBI. In today’s trade, L&T Finance, Ambuja Cement, Vodafone Idea, Puravankara, Wipro among others will be in focus due to various news developments. L&T Finance Morgan Stanley bought 3.13 crore equity shares in L&T … Read more
Benchmark indices ended higher on Wednesday, with the Nifty hitting its fresh record closing level amid a largely positive trend in global equities. In today’s trade, shares of L&T Finance, Arvind, Nestle India, Sobha, Whirlpool India among others will be in focus due to various news developments. L&T Finance Bain Capital is likely to sell … Read more
Shares of Tata Motors on Wednesday rallied 2% to the day’s high of Rs 1,010 on BSE after the company announced that its India business is now net debt-free and aims for the Jaguar-Land Rover (JLR) business to be net debt-free in FY25. The company said that its businesses are self-sustaining and the investments are … Read more
Equity indices climbed over 2% to settle at record high levels on Friday after the Reserve Bank of India (RBI) revised upwards the GDP growth projection. Stocks that were in focus include names like HDFC AMC, which rose 2%, Wipro, which gained 5%, and Paytm, whose shares rallied 10% on Friday. Here’s what Pravesh Gour, … Read more
Bulls returned to Dalal Street with full force on Friday, as the Sensex closed over 1,600 points higher, reaching a new all-time high, while the Nifty 50 advanced over 468 points. Both indices successfully erased all losses from June 4. Nifty50 closed 2.05% or 468.75 points higher on Friday at 23,290 while the 30-component BSE … Read more
Rebounding from their worst single-day slide in four years, benchmark indices Sensex and Nifty soared over 3% each on heavy value buying by investors after NDA alliance partners started talks on government formation. The stocks that were in focus included names like HUL, which rose 4.29%; IRCTC, which gained 0.6%; and RVNL, whose shares rose … Read more
