Shares of Hero MotoCorp fell over 4% to the day’s low of Rs 4,710 on the NSE on Monday minutes after hitting a fresh 52-week high of Rs 4,949.05. The correction comes on the back of the company’s December quarter earnings on Friday and mixed views by a clutch of top domestic brokerages. While Nuvama … Read more
Nifty, which has been looking for a directional headway on either side, ended the week 0.33% down with all major news trigger events like Budget, earnings, US Fed and RBI policy meetings behind us. Anand James, Chief Market Strategist, Geojit Financial Services, says this data vacuum presents an opportunity for time correction. “But our modest … Read more
It’s worth pondering why stock prices fluctuate daily despite companies announcing their financial results quarterly. Alongside corporate announcements, macroeconomic factors and indicators significantly influence stock markets. Let’s delve into their role. Which major indicators affect the stock market?Monetary Policy Monetary policy, managed by a country’s Central Bank, balances economic growth and inflation by adjusting interest … Read more
Shares of Tata Consultancy Services (TCS) rallied over 4% to hit an all-time high at Rs 4,135.9 in Tuesday’s trade on BSE. Meanwhile, the IT major also crossed Rs 15 lakh crore of market cap for the first time in today’s trade. The rally in the stock came after the firm on Monday said that … Read more
Shares of Bharti Airtel jumped nearly 5% to the day’s high of Rs 749 on the NSE in Tuesday’s trade following its December quarter earnings on Monday. A favourable view from a couple of brokerages helped the price surge. While Macquarie has maintained an ‘Outperform’ rating, Motilal Oswal has recommended a buy view. The company … Read more
The stock of delaPlex was listed at a premium of 61% at Rs 309 on the NSE on Friday against the issue price of Rs 192. The uptick in stock continued as it hit the day’s high of Rs 324.45. The initial public offering (IPO) of Delaplex was subscribed 118.19 times. The issue received over … Read more
India’s leading airline operator InterGlobe Aviation (IndiGo) is expected to post strong profit growth for the third quarter ended December, driven by improving passenger yields and increase in fare prices. Profit for the third quarter is expected to jump as much as 83% year-on-year (YoY), while revenues are seen growing 25% YoY. Airline fares witnessed … Read more
The stock of Euphoria Infotech India on Tuesday was listed at a premium of 90% over the issue price of Rs 100, making a strong debut at Rs 190 on the BSE. The stock went on to hit the day’s high of Rs 199.50. The initial public offering (IPO) of Euphoria Infotech India was subscribed … Read more
Shares of SBI Cards and Payment Services plunged over 6% to the day’s low of Rs 710.50 on the BSE in Monday’s trade reacting to the not-so-optimistic view on the company’s growth outlook by a clutch of top domestic brokerages. Following SBI Card’s December quarter earnings, Motilal Oswal downgraded the stock to ‘Neutral’ while Nuvama … Read more
Oil stocks jumped up to 8% on Monday led by gains in state-run Oil & Natural Gas Corporation (ONGC) and market heavyweight Reliance Industries (RIL) on fuel supply concerns in the aftermath of a missile attack on a Trafigura-operated fuel tanker in the Red Sea. ONGC shares hit their 52-week high of Rs 253.20 on … Read more
