Markets regulator Securities and Exchange Board of India (SEBI) has issued a fresh warning to investors about the growing number of unauthorized entities offering financial services through platforms and apps.
The initial public offering of online food and grocery delivery platform Swiggy Ltd. is set to open on Nov. 6. Ahead of the launch, the much-awaited mainboard issue has been garnering significant traction in the unlisted market. The GMP trend of Swiggy IPO indicated a listing gain of 5.13%, even before the shares opened for subscription. According to InvestorGain, Swiggy{sin-quite}s IPO GMP stood at Rs 20 a
Indian oil marketing companies, including Hindustan Petroleum Corp., Bharat Petroleum Corp., and Indian Oil Corp., have been issued a positive outlook by Citi, citing a compelling risk-to-reward scenario, favourable valuations, and stable market conditions that make these OMCs attractive following the recent corrections
Bitcoin has once again captured the global spotlight by soaring to an all-time high, surpassing $68,000 and reaching a market capitalization that exceeds $1.3 trillion—equivalent to some of the world’s most powerful tech giants like Meta and Tesla. This surge has reignited debates among investors and analysts: Is this the beginning of sustained long-term growth or just another short-term rally set to correct itself? To answer this, it’s essential to explore the driving factors behind Bitcoin’s r ..
Even as the benchmarks are seeing the worst session in over four years, Indian stock market has not yet fully priced in the extent of the slowdown that could be on the cards, according to Bernstein Research.
Exide Industries Ltd.{sin-quite}s target price was cut by both Citi and Nuvama after the company{sin-quite}s second-quarter profit declined, missing analysts{sin-quite} estimates. The revisions also reflect the brokerages{sin-quite} concerns over moderating demand, higher-than-expected costs, and more cautious earnings growth projections in the near term.
Even as the benchmarks are seeing the worst session in over four years, Indian stock market has not yet fully priced in the extent of the slowdown that could be on the cards, according to Bernstein Research.
Technology-enabled business solutions and services provider Sagility India , has garnered Rs 945 crore from anchor investors ahead of its initial public offering which has opened for public subscription today.
In early trade on Tuesday (November 5, 2024), the rupee fell 2 paise to an all-time low of 84.13 against the U.S. dollar, as persistent foreign fund outflows and a muted trend in domestic equities dented investor sentiments.
Shares of Tata Power Company Ltd. traded at Rs 431.90 on BSE at 10:39AM (IST) on Tuesday, 0.67 per cent from previous close.
Shares of Raymond rose 4.5% to Rs 1,762.3 in Tuesday{sin-quite}s trade on BSE despite the conglomerate reporting a 63% fall in consolidated net profit to Rs 59.01 crore in Q2 of this fiscal against net profit of Rs 161.16 crore in the year-ago period.
NEW DELHI: MT Educare, Arman Financial, Ortin Labs, Axita Cotton and IRB InvIT Fund and others were among the stocks that touched their 52-week lows as of 10:28AM(IST)in Tuesday{sin-quite}s session.
ut I do think for people like us who look for individual opportunities rather than the market as a whole, it is starting to give us some opportunities to invest our money and we are active investors as the markets have come down," says Rajeev Agarwal, Doordarshi India Fund.
As almost half of NSE100 companies that have released their September quarter results have missed expectations by over 4%, global brokerage firm Bernstein has predicted a further decline in the Indian stock market, stating that the current market prices haven{sin-quite}t fully factored in the potential economic slowdown.
Stock markets declined in early trade on Tuesday (November 5, 2024) amid constant foreign fund outflows and cautious investors{sin-quite} sentiment ahead of the U.S. presidential elections and the Federal Reserve interest rate decision.
Domestic gold price stood at Rs 78,660 as of 9:30 a.m., according to the India Bullion Association. Following a rally lead by festive demand, price of the yellow metal has dipped. Ahead of the festive season, gold price had risen as much as Rs 81,500 on Oct. 23. It started declining from Oct. 31. Gold prices have held over the Rs 78,000 mark post the slip. The commodity continues to be a safe-pla
Motilal Oswal Financial Services has a buy call on Container Corporation of India with a target price of Rs 1050. The current market price of the stocks is Rs 847.45. Container Corporation, incorporated in 1988, is a large cap company with a market cap of Rs 51497.56 crore, operating in the logistics sector.
Markets Gold Price Falls Further, Global Prices At $2,727 Ahead Of US Elections ADVERTISEMENT Gold Price Falls Further, Global Prices At $2,727 Ahead Of US Elections Domestic gold price stood at Rs 78,660 as of 9:30 a.m., according to the India Bullion Association. Ann Jacob 05 Nov 2024, 10:09 AM IST Markets Gold Price Falls Further, Global Prices At $2,727 Ahead Of US Elections
Indian benchmark equity indices traded sharply lower on Monday, weighed down by banking, financial, and IT stocks, as caution prevailed among investors ahead of the U.S. presidential election and the likelihood of further interest rate cut by the Federal Reserve.
Although the outcome of the US presidential election remains too close to call, markets seem to be preparing for a Donald Trump victory and a Republican sweep on November 5.
Several brokerages have upgraded the target prices of various stocks over the past month. According to Trendlyne data, 10 stocks, including TCS, Infosys, HCL Technologies, HDFC Bank, and ICICI Bank, have received up to nine target price upgrades from analysts in the last month. Here is a list of these stocks:
Brokerage firms have weighed in on top companies, with Kotak Securities upgrading M&M and highlighting recovery prospects in the tractor industry. Jefferies remains bullish on Nykaa, praising its growing influence in India’s beauty market. Meanwhile, JPMorgan and UBS offer insights on Sun Pharma{sin-quite}s legal hurdles, projecting potential outcomes for its specialty drug launch.
Niva Bupa Health Insurance Company will launch its Rs 2,200 crore initial public offering (IPO) on November 7, with a price band of Rs 70-74 per share.
Apollo Hospitals Enterprise shares will be in focus on Monday after India{sin-quite}s largest private healthcare provider on Friday announced major expansion plans in Worli, Mumbai and Lucknow with a total investment of Rs 1,625 crore over the next four years.
The next one year will be a stock pickers market and we may see a lot of sector rotation as well,” says Siddarth Bhamre, Head of Research, Asit C Mehta Investment Interrmediates Ltd.
Indian market is likely to trade lower on Monday tracking muted global cues. Benchmark indices started Samvat 2081 on a positive note in the special Diwali mahurat trading session on Friday.
It will be another busy day in the second quarter earnings season with as many as 47 companies set to release their financial performance report on Nov. 4. The companies releasing their Q2 earnings on Monday include Indian Railway Finance Corp., Indian Railway Catering And Tourism Corp., and Raymond Ltd.
Shares of Sun Pharmaceuticals fell by 3.62% in an early trading session to Rs 1,791.15 on BSE after the firm announced on Saturday that the US District Court of New Jersey has granted a preliminary injunction preventing it from launching its new drug, Leqselvi, until further legal developments or the expiry of the patent at the center of the
Welcome to the ONGC Stock Liveblog, your real-time source for the latest updates and comprehensive analysis on a prominent stock. Dive into the current details of ONGC, including: Last traded price 263.95, Market capitalization: 333817.71, Volume: 3368044, Price-to-earnings ratio 7.56, Earnings per share 35.08. Our liveblog offers a complete overview of ONGC through a blend of fundamental and technical
Join us on the Cipla Stock Liveblog, your hub for real-time updates and comprehensive analysis on a prominent stock. Stay in the know with the latest information about Cipla, including: Last traded price 1575.5, Market capitalization: 127086.82, Volume: 2093488, Price-to-earnings ratio 28.4, Earnings per share 55.41. Our liveblog provides a well-rounded view of Cipla by incorporating both
Welcome to the Infosys Stock Liveblog, your ultimate source for real-time updates and analysis of one of the most prominent stocks in the market. Stay on top of the game with our comprehensive coverage, featuring the latest details on Infosys stock, including: Last traded price 1751.0, Market capitalization: 725089.4, Volume: 4383622, Price-to-earnings ratio 26.91, Earnings per share 64.9. Get a holistic view of Infosys
ACC Ltd on Thursday reported a 48% year-on-year (YoY) fall in its consolidated net profit at Rs 200 crore in the second quarter. The same stood at Rs 388 crore in the last year quarter.
ACC Ltd on Thursday reported a 48% year-on-year (YoY) fall in its consolidated net profit at Rs 200 crore in the second quarter. The same stood at Rs 388 crore in the last year quarter.
ACC Ltd on Thursday reported a 48% year-on-year (YoY) fall in its consolidated net profit at Rs 200 crore in the second quarter. The same stood at Rs 388 crore in the last year quarter.
Boeing Co. factory workers rejected a new labor contract that would have increased their wages by 35% over four years, dealing a blow to the embattled aircraft manufacturer as it tries to overcome a crippling work stoppage.
Diwali is just around the corner, and so is the special Muhurat trading session, a unique tradition where the stock market remains open for one hour to mark the beginning of the Hindu calendar year, Samvat 2081. While markets are typically closed on most festivals, Diwali is an exception. This session, held under the vibrant glow of diyas and colorful rangoli patterns, is deeply rooted in astrology. The belief
Minister for Information Technology, Electronics and Communications, and Human Resources Development Nara Lokesh is going on a week-long visit to the USA beginning October 25 to attract investments. According to an official release, Mr. Lokesh will first participate as a special guest in the 2024 Synergy IT Serve Alliance Annual Conference scheduled to be held at Caesars Palace in Las Vegas on October 29 and 30.
Shares of the Cholamandalam Investment & Finance Company Ltd. traded at Rs 1404.8 on BSE at 12:52PM (IST) on Thursday, down 0.34 per cent from previous close
Shares of Bandhan Bank Ltd. fell 0.27 per cent to Rs 181.75 at 12:58PM hours (IST) on Thursday. Earlier in the day, the stock saw a gap up start to the session.
The share price of GAIL (India) Ltd. gained 0.21 per cent to Rs 212.6 at 12:22PM (IST) in Wednesday{sin-quite}s trade. The scrip has hit a high of Rs 215.2 and low of Rs 208.1 so far during the session. The stock had closed at Rs 212.15 in the previous session. Bandhan Bank stock price down 0.27 per cent as Sensex slides
The market has been experiencing some turbulence recently, which might be causing concern for many investors, especially those focused on mid and smallcap stocks.
Adani Green Energy Ltd., Hindustan Unilever Ltd., and TVS Motors Ltd. are on the radar of brokerages on Thursday on the back of earnings and business updates. Emkay noted Adani Green Energy{sin-quite}s strong second-quarter results, driven by an increase in consolidated Ebitda, alongside management{sin-quite}s optimistic capacity commissioning estimates. Meanwhile, HUL is facing mixed reviews; while Jefferies maintai
Shares of United Spirits are likely to remain in focus after the company on Wednesday posted a marginal rise in its Q2 profit after tax (PAT) at Rs 341 crore against Rs 339 crore reported in the corresponding period of the previous financial year.
The rupee stayed flat at 84.07 against the U.S. dollar in early trade on Thursday (October 24, 2024) amid elevated crude oil prices and continuous withdrawal of foreign funds from the capital market. However, the local unit found some cushion as the dollar retreated from its higher level while the domestic equity markets indicated a recovery, forex traders said.
Ahmedabad residents now have a direct flight option to Da Nang, Vietnam. Vietjet Air has launched a new route between Da Nang, Vietnam, and Ahmedabad, and the new service will operate two round trips per week. The flights will utilise Airbus A320 aircraft, each accommodating 180 passengers.
HDFC Securities has an add call on Mahindra & Mahindra Financial Services (Mahindra Finance) with a target price of Rs 288. The current market price of Mahindra & Mahindra Financial Services is Rs 267.85. The company, incorporated in 1991, is a largecap company with a market cap of Rs 33056.60 crore, operating in NBFC sector.
After witnessing profit booking on the higher levels yesterday, Gold December futures contracts at MCX on Thursday opened flat at Rs 77,971 per 10 gram, which is up by 0.2% or Rs 159 while silver December futures contracts were trading at Rs 97,450/kg, up by 0.51% or Rs 490.
With foreign institutional investors (FIIs) pulling out nearly Rs 82,000 crore from India this month, the flood of IPOs and QIPs sucking out liquidity and no support from a tepid earnings season, the festive month of October is turning out to be the worst one for Dalal Street since the Covid-led market crash in 2020.
After three sessions of losses on persistent foreign outflows and dull earnings, key equity indices Sensex and Nifty50 opened marginally higher on Thursday, led by index heavyweights HDFC Bank, Infosys, and Reliance Industries.
Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch is scheduled to appear before the Parliament{sin-quite}s Public Accounts Committee on Thursday (October 24, 2024) in what may turn out to be a stormy meeting following a senior BJP member{sin-quite}s accusation that political motivations are guiding the actions of the panel{sin-quite}s chairman and Congress MP K.C. Venugopal. Also read: ‘All allegations are false, malicious, and motivated’
Shares of Sona BLW Precision Forgings (Sona Comstar) jumped 10.5% to an intraday high of Rs 709.80 after the company’s board approved the acquisition of Escorts Kubota{sin-quite}s Railway Equipment Division for Rs 1,600 crore. Read more at:
As of October 23, there was a notable surge in futures open interest for four stocks in the NSE F&O pack, contributing to a total increase in open interest of over 10% as compared to the previous trade. A significant uptick in futures open interest signifies a substantial growth in the number of active, unexpired futures contracts in a specific security. This uptrend reflects an increasing number of participants either initiating new positions or expanding the size of their existing positions within the futures market.
The Indian market is expected to trade higher on Thursday, tracking positive global cues. The Nifty futures closed negative, with losses of 0.21% at 24,487 levels on Wednesday.
Shares of AU Small Finance Bank rallied 5% to an intraday high of Rs 682.90 on the BSE after the bank reported a 42% year-on-year (YoY) rise in net profit for the September quarter at Rs 571 crore, buoyed by the impact of its acquisition of Fincare Small Finance Bank.
Gold December futures contracts at MCX opened flat on Wednesday at Rs 78,545 per 10 gram, which is down by 0.14% or Rs 111 while silver December futures contracts were trading at Rs 99,505/kg, down by 0.46% or Rs 467.
After briefly opening in the red, domestic equity indices Sensex and Nifty50 surged on Wednesday, amid persistent foreign outflows and subdued earnings, led by index heavyweights HDFC Bank and the Bajaj twins.
After briefly opening in the red, domestic equity indices Sensex and Nifty50 surged on Wednesday, amid persistent foreign outflows and subdued earnings, led by index heavyweights HDFC Bank and the Bajaj twins.
Indian market is likely to edge higher on Wednesday tracking positive global cues. The Nifty future closed negative with losses of 1.06% at 24,525 levels on Tuesday.
Shares of Adani Energy Solutions fell by 4% in an early trade to their day’s low of Rs 975 on the BSE after the company received a show-cause notice (SCN) from the Securities and Exchange Board of India (SEBI) during the September quarter for the wrongful categorization of shareholders.
The shares of Coforge zoomed 10%, hitting their upper circuit at Rs 7,475.15 on the BSE after the company reported a profit after tax of Rs 233.6 crore for the second quarter ended September 2024, a 24.3% YoY jump from the corresponding quarter of the previous year.
The yuan skidded to an almost two-month low on Wednesday, squeezed by falling yields in China and rising yields in the U.S., and as traders grew nervous about the prospect of a Donald Trump presidency heralding heavy tariffs on Chinese exports. In morning trade China{sin-quite}s currency fell about 0.1% to 7.1341 per dollar, its weakest since late August.
As of October 22, there was a notable surge in futures open interest for three stocks in the NSE F&O pack, contributing to a total increase in open interest of over 5% compared to the previous trading session. A significant uptick in futures open interest signifies substantial growth in the number of active, unexpired futures contracts for a specific security. This uptrend reflects an increasing number of participants either initiating new positions or expanding the size of their existing positions within the futures market.
Qualcomm on Tuesday said it was teaming up with Alphabet{sin-quite}s Google to offer a combination of chips and software that will let automakers develop their own AI voice assistants using technology from the two firms.
(Bloomberg) -- Oil fell as a US industry group signaled a modest rise in nationwide crude inventories, and the Biden administration renewed efforts to secure a cease-fire in the Middle East, potentially easing tensions.
The decline in the second quarter net profit of CG Power and Industrial Solutions Ltd. is primarily due to a one-off impact from strategic investments, according to Managing Director and Chief Executive Officer Amar Kaul.
Home appliances maker Epack Durable Ltd. is poised to achieve a $1 billion topline over the next four years buoyed by its recent deal with Hisense India, according to the company’s Chief Executive Officer Ajay Singhania. Epack Durable Ltd., on Oct. 21, said it had signed a deal with Hisense India to manufacture air conditioners and other appliances, including washing machines and refrigerators, a
Diwali Investment Ideas: Gold vs Silver – Which is the best bet for 2024?
The banking sector is currently undervalued and facing challenges in the unsecured book of banks. However, these challenges are expected to diminish in the next few quarters as they are cyclical in nature,” says Naveen Kulkarni, Chief Investment Officer, Axis Securities PMS.
In the ongoing earnings season, Wednesday will be a busy day for D-Street as many big companies are scheduled to release their quarterly results for the July–September period of the current fiscal year. More than 70 companies are slated to release their second-quarter earnings report on Oct. 23.
Brokerage firms like Bernstein have an outperform rating on Paytm, while JPMorgan has an overweight rating on Bajaj Finance. Meanwhile, Nuvama has a buy rating, and Macquarie has an underperform rating on Zomato, respectively.
The Nifty Index opened flattish on Tuesday but bears were in full control right from the beginning of the session. The selling intensity increased in the second half and the index broke 24,450 zones.
The Nifty Index opened flattish on Tuesday but bears were in full control right from the beginning of the session. The selling intensity increased in the second half and the index broke 24,450 zones.
The worst phase for the microfinance sector is over and the third quarter of the current financial year will be better, according to Jana Small Finance Bank Managing Director and Chief Executive Officer Ajay Kanwal.
In a major action against Paytm Payments Bank (PPBL), the RBI had on January 31 directed it to stop accepting deposits or top-ups in any customer accounts, wallets, FASTags and other instruments, as it cited persistent non-compliance and continued material supervisory concerns
Business Adani Enterprises Forms Joint Venture {sin-quite}Smartport City{sin-quite} With Indoport Logistics ADVERTISEMENT Adani Enterprises Forms Joint Venture {sin-quite}Smartport City{sin-quite} With Indoport Logistics Smartport City aims to focus on the design, development, operation, and maintenance of airport cargo infrastructure, including integrated warehousing and warehouse management solutions. Heena Ojha 23 Oct 2024, 08:48
Shares of One 97 Communications-owned Paytm jumped 5% to an intraday high of Rs 722.50 on the BSE after the National Payments Corporation of India (NPCI) granted the company approval to onboard new UPI users, subject to adherence to all procedural guidelines and circulars.
Indian stocks were "tactically" downgraded to neutral from overweight by Goldman Sachs within its Asia/emerging market allocation, due to slower economic growth and corporate profits, it said. While the structural positive case for India remains intact, economic growth is cyclically slowing down across many pockets, strategists at the global brokerage said in a note on Oct. 23.
The initial public offer (IPO) of Godavari Biorefineries has opened for subscription on Wednesday. The issue will be available for bidding till October 25.
Indian stocks were "tactically" downgraded to neutral from overweight by Goldman Sachs within its Asia/emerging market allocation, due to slower economic growth and corporate profits, it said. While the structural positive case for India remains intact, economic growth is cyclically slowing down across many pockets, strategists at the global brokerage said in a note on Oct. 23.
Shares of Indus Towers are likely to be in focus on Wednesday after the Competition Commission of India (CCI) approved Bharti Airtel{sin-quite}s plan to increase its stake in Indus Towers, following the telecom infrastructure company{sin-quite}s share buyback. Shares of Indus Towers are likely to be in focus on Wednesday after the Competition Commission of India (CCI) approved Bharti Airtel{sin-quite}s plan to increase its stake in Indus Towers, following the telecom infrastructure company{sin-quite}s share buyback.
Rossari Biotech Ltd. group Chief Financial Officer Ketan Sablok attributed the spike in exports in the first half of the current financial year to a conscious call that the company made amid softening of demand in the domestic market
Goldman Sachs Group Inc. tactically lowered Indian equities to neutral from overweight as slowing economic growth dents the outlook for corporate earnings.
Stay up-to-date with the Cipla Stock Liveblog, your comprehensive source for real-time updates and detailed analysis on a prominent stock. Explore the latest information on Cipla, including: Last traded price 1509.7, Market capitalization: 121268.3, Volume: 788747, Price-to-earnings ratio 28.18, Earnings per share 53.29. Our liveblog provides a comprehensive overview of Cipla by integrating fundamental
Welcome to the HCL Tech Stock Liveblog, your real-time source for the latest updates and comprehensive analysis on a prominent stock. Dive into the current details of HCL Tech, including: Last traded price 1862.85, Market capitalization: 502787.87, Volume: 1045105, Price-to-earnings ratio 29.91, Earnings per share 62.01. Our liveblog offers a complete overview of HCL Tech through a blend of
Stay updated with the ITC Stock Liveblog, your one-stop destination for real-time information and analysis of a leading stock. Explore the latest updates on ITC stock, including: Last traded price 481.95, Market capitalization: 601552.96, Volume: 3776009, Price-to-earnings ratio 29.41, Earnings per share 16.35. Our liveblog combines fundamental and technical insights to offer a comprehensive overview of
Stay updated with the Kotak Bank Stock Liveblog, your one-stop destination for real-time information and analysis of a leading stock. Explore the latest updates on Kotak Bank stock, including: Last traded price 1770.4, Market capitalization: 351410.15, Volume: 970116, Price-to-earnings ratio 15.97, Earnings per share 111.13. Our liveblog combines fundamental and technical insights to offer a comprehensive overview of
Gujarat Fluorochemicals Ltd.{sin-quite}s subsidiary GFCL EV Products Ltd. raised Rs 1,000 crore from several marquee investors to expand battery chemicals business as transition to electric vehicles firms up. The fundraise values the unit at Rs 25,000 crore.
Shares of Bajaj Finserv are likely to remain in focus on Wednesday as the company will announce its September quarter earnings later today.
Karnataka has registered a robust Gross State Domestic Product (GSDP) growth of 10.2% in FY 2023-24, significantly surpassing the national average of 8.2%, according to data from the Ministry of Statistics and Programme Implementation (MoSPI). Karnataka achieved this despite severe challenges, including the worst drought in a decade and a slowdown in global IT markets, the State Government informed on October 21.
Shares of Tata Consumer Products fell 9.4% on Tuesday to their day’s low of Rs 991.50 on the BSE, as an 8% jump in net profit for the quarter ended September 2024—to Rs 364 crore (attributable to shareholders)—failed to impress D-Street investors. The profit figure was Rs 338 crore in the year-ago period.
https://www.fancode.com/cricket/matches/acc-mens-t20-emerging-teams-asia-cup-2024/pka-vs-omn/fantasy-dream11-predictions/110850
NEW DELHI: Fertilisers stocks were trading lower on Monday at 11:25AM Bohra Industries Ltd.(up 4.96%) and Southern Petrochemicals Industries Corporation Ltd.(up 1.28%) were among the top gainers.
Bohra Industries Ltd.(up 4.96%) and Southern Petrochemicals Industries Corporation Ltd.(up 1.28%) were among the top gainers. Mangalore Chemicals & Fertilizers Ltd.(down 3.07%), Agro Phos India Ltd.(down 2.41%), Paradeep Phosphates Ltd.(down 2.38%), Rama Phosphates Ltd.(down 1.99%), Nagarjuna Fertilizers and Chemicals Ltd.(down 1.84%), Deepak Fertilisers & Petrochemicals Corporation Ltd.(down 1. ..
https://www.livemint.com/market/mark-to-market/sterling-wilson-order-book-renewable-energy-solar-panel-qip-epc-sterling-wilson-earnings-revenue-ebitda-11729230773862.html
https://www.canva.com/design/DAGFMVRWY-o/qqs_kvZj5edjK7gPwfWwrg/edit
The Directorate General of Civil Aviation (DGCA) released the summary of the approved Northern Winter schedule for domestic airlines in India. The regulator has approved a total of 25,007 weekly flights, which is an increase of 3.2 per cent over the concluding summer schedule and a 5.3 per cent increase over the previous winter.
Shares of Infosys, the country{sin-quite}s second-largest IT company, tumbled 5% in trade on Friday, October 18 to ₹1,869 after investors were disappointed with the lower-than-expected Q2 FY25 results and revenue guidance given by the IT bellwether.
It is not usual for Indians settled well abroad to seek to return to India. But recently, a social media user earning ₹80 lakh per annum in Europe has sparked a debate about whether taking a lower-paying job in India{sin-quite}s Bengaluru is worthwhile.
The Premium Plast IPO subscription period commences on Monday, October 21, and concludes on Wednesday, October 23. The price band for each equity share in the Premium Plast SME IPO is established at ₹46-49, with a face value of ₹10. Following this, bids can be made in multiples of 3,000 equity shares, with a minimum bid of 3,000 equity shares.
On October 17, three stocks from the mid-cap pack appeared in the RSI Trending Up scan, according to the stockedge.com data. It is an uptrend signal if the RSI value has crossed above 50 from below.
Bikaji Foods International Ltd. will fund its recent stake acquisition in quick service restaurant chain, The Hazelnut Factory Food Products Pvt., through internal accruals, Chief Financial Officer Rishabh Jain said.
Shares of companies like the Bombay Stock Exchange (BSE) and Adani Energy among 6 stocks are likely to be included in the MSCI India Standard Index as part of its rebalancing, according to a report by domestic brokerage firm JM Financial.
Shares of Federal Bank Ltd. traded at Rs 193.45 on BSE at 11:50AM (IST) on Friday, down 0.05 per cent from previous close.
Shares of Shree Cements Ltd. traded 0.14 per cent down at Rs 24224.3 at 11:56AM (IST) on Friday, even as BSE benchmark Sensex gained 31.48 points to 81038.09.
Srini Pallia, CEO, Aparna Iyer, CFO and Saurabh Govil, CHRO, Wipro in conversation with ET Now. CFO Iyer says that their guidance is based on the visibility that they have at the start of the quarter. The guidance is impacted by furloughs, fewer working days and softness in Europe. The large deals that we won also would take some time to ramp up. So, overall, the momentum seems good. Q3 is more about seasonality and hopefully they will bounce back in Q4.
Havells India shares fell 3.5% to Rs 1,762.9 in Friday’s trade on BSE after reporting a 7.5% YoY increase in profit after tax (PAT) to Rs 267.77 crore for the quarter ended September 2024, compared to Rs 249.08 crore in the same period last year.
The shares of Mazagon Dock Shipbuilders have rallied around 4% to today’s high of Rs 4,395 on the BSE after the company announced it will consider the declaration of an interim dividend and a split of equity shares at its Board of Directors meeting scheduled for October 22.
So, definitely a huge blow for the parent company as well and Asirvad per se forms almost over 20% of the profitability for Manappuram and almost 9% of its net worth. So, we will definitely see EPS downgrades in the near future for the parent company as well," says Shweta Daptardar, Elara Capital.
NEW DELHI: Vodafone Idea(number of shares traded: 13.05 crore), Manappuram Finance(number of shares traded: 5.60 crore), JP Power(number of shares traded: 4.65 crore), Zomato(number of shares traded: 4.15 crore), YES Bank(number of shares traded: 2.69 crore), Wipro(number of shares traded: 2.35 crore), GTL Infra(number of shares traded: 2.24 crore), Filatex Fashions(number of shares traded: 1.89 crore), Reliance Power(number of shares traded: 1.70 crore) and Suzlon Energy(number of shares traded: 1.51 crore) were among the most traded securities on the National Stock Exchange at 11:24AM in Friday{sin-quite}s session.
Tata Chemicals shares fell 3.2% to Rs 1,039 in Friday{sin-quite}s trade on the BSE after the firm reported a 54.67% decline in consolidated net profit to Rs 194 crore for the second quarter ended September 2024. The company{sin-quite}s net profit stood at Rs 428 crore during the corresponding period of the previous fiscal year.
China{sin-quite}s central bank kicked off two funding schemes on Friday, that will initially pump as much as 800 billion yuan ($112.38 billion) into the stock market through newly-created monetary policy tools.
The rupee slipped 1 paisa to 84.07 against the US dollar in early trade on Friday, as the weakening American currency failed to support the local unit amid negative domestic equity markets and higher crude oil prices. Forex traders said the unabated outflow of foreign funds also weighed on the domestic unit.
Shares of HEG Ltd fell by 5% to their day’s low of Rs 488.10 on BSE today after the stock started trading on an ex-split basis as the company had announced October 18 as the record date for their 1:5 stock split.
Two JSW Energy Ltd. subsidiaries have signed power purchase agreements with Maharashtra State Electricity Distribution Co. for 1,200 megawatt solar-wind hybrid capacity. JSW Renew Energy Six Ltd. and JSW Renew Energy Thirty Ltd. signed the deals for two hybrid projects, each with a capacity of 600 MW, according to an exchange filing on Friday.
Shares of HEG Ltd fell by 5% to their day’s low of Rs 488.10 on BSE today after the stock started trading on an ex-split basis as the company had announced October 18 as the record date for their 1:5 stock split.
Shares of Bank of Baroda rose 0.72 per cent to Rs 243.55 at 10:59AM hours (IST) on Friday. Earlier in the day, the stock saw a gap down start to the session.
Asit C. Mehta brokerage firm has initiated coverage on the life insurance industry, highlighting its strong growth potential despite recent regulatory challenges and shifting consumer preferences.The sector continues to expand, driven by rising demand, increasing financial literacy, and regulatory efforts to boost product awareness
Polycab India shares fell nearly 7% to Rs 6,611.4 in Friday{sin-quite}s trade on BSE after the company reported a 3.5% rise in its consolidated net profit year-on-year (YoY) at Rs 445 crore in the September 2024 quarter. It had reported a net profit of Rs 429.77 crore during the same period a year ago.
Ceat Ltd.{sin-quite}s share price declined 7% to its lowest in nearly two months as net profit declined in the July–September quarter and margins took a hit due to high rubber prices and employee costs. The tyre manufacturer{sin-quite}s net profit fell 42% to Rs 121.5 crore in the quarter ended Sept. 30. Analysts{sin-quite} consensus estimates compiled by Bloomberg projected Rs 142 crore.
Shares of Bengaluru-based IT major Wipro on Friday rallied up to 4% to day{sin-quite}s high of Rs 550.55 on BSE after surprising Street with 21.3% year-on-year (YoY) jump in net profit to Rs 3,209 crore for the quarter ended September 2024.
nformation technology major Infosys Ltd. remains the top pick in the sector for brokerages on expectations of being the growth leader. The optimism follows the company{sin-quite}s second quarter results where it raised the revenue forecast for fiscal 2025.
China{sin-quite}s economy expanded at a slower-than-expected rate of 4.6% in the July-September quarter, the government said Friday (October 18, 2024). The latest data show the world{sin-quite}s second largest economy slowing from 4.7% annual growth in the previous quarter and falling short of the official target of “about 5%” growth for 2024, a figure that analysts consider ambitious without more aggressive measures to spur consumer demand and spur a recovery in the ailing property sector.
Two JSW Energy Ltd. subsidiaries have signed power purchase agreements with Maharashtra State Electricity Distribution Co. for 1,200 megawatt solar-wind hybrid capacity. JSW Renew Energy Six Ltd. and JSW Renew Energy Thirty Ltd. signed the deals for two hybrid projects, each with a capacity of 600 MW, according to an exchange filing on Friday.
FMCG company Tata Consumer Products is expected to report healthy growth in its second quarter sales, owing to solid show in new businesses, but the bottomline may fall due to higher depreciation and finance costs.
Hyundai Motor India Ltd.{sin-quite}s initial public offering has been subscribed 2.36 times so far on its third day on Thursday, with bids led by qualified institutional buyers. The IPO was subscribed 42% on its second day and 18% on the first day. The company has set a price band of Rs 1,865–Rs 1,960 per share for its three-day IPO, which is a pure offer for sale of 14.2 crore shares.
NEW DELHI: The Nifty Pharma index traded negative around 11:20AM(IST)on Thursday in a weak market. Zydus Lifesciences Ltd.(up 0.14 per cent) were among the top gainers.
CRISIL shares surged over 8% to Rs 5,184.5 in Thursday{sin-quite}s trade on the BSE after the firm reported a 12.9% year-on-year (YoY) increase in net profit, reaching Rs 171.55 crore for the quarter ended September 30, 2024. The company{sin-quite}s revenue from operations rose 10.3% YoY to Rs 811.8 crore.
India{sin-quite}s benchmark stock indices were trading lower through midday on Thursday, tracking a decline in HDFC Bank Ltd. and Bajaj Auto Ltd. share prices. As of 12:08 p.m., the Nifty 50 was trading 0.76% lower at 24,781.20 and the Sensex was trading 0.43% lower at 81,043.21.
Shares of Tata Power Company Ltd. rose 1.61 per cent to Rs 452.9 in Thursday{sin-quite}s trade. It hit an intraday high of Rs 462.7 and low of Rs 451.5, respectively, during the day.
The NSE Nifty Realty declined nearly 4% and was the worst performing sector on the National Stock Exchange on Thursday. Oberoi Realty Ltd., and Macrotech Developers Ltd. share prices dragged the indices the most. The market capitalisation of realty stocks on NSE declined Rs 2,364.54 crore to Rs 6.87 lakh crore as of 12:45 p.m.
The NSE Nifty Realty declined nearly 4% and was the worst performing sector on the National Stock Exchange on Thursday. Oberoi Realty Ltd., and Macrotech Developers Ltd. share prices dragged the indices the most. The market capitalisation of realty stocks on NSE declined Rs 2,364.54 crore to Rs 6.87 lakh crore as of 12:45 p.m.
Gold price rose to Rs 77,020 per 10 grams, according to Bullions Association as of 12:20 p.m., as the rally in the price of the yellow metal continued owing to growing demand during the festive season. The MCX iComdex Gold was also up 0.18% at 22,581.19 as of 12:58 p.m. Price of 10 grams of 24 carat gold stood at Rs 75,920 in Mumbai. While, it stood at Rs 75,550 in Delhi as of 12:53 p.m. The met
Shares of IT companies like Mphasis and Tech Mahindra on Thursday surged up to 5.5% on the NSE ahead of the second quarter results of major IT firms Infosys, Wipro and LTIMindtree, which are due later in the day.
Amid mixed global cues, Indian blue-chip equity indices Sensex and Nifty50 traded in the red for the third consecutive day on Thursday. However, despite the market downturn, five small and midcap stocks from the Nifty 500 index reached new 52-week highs. Here{sin-quite}s the list: Getty Images
Nestle India Ltd.{sin-quite}s share price dropped 4% on Thursday after the company reported a marginal decline in its net profit for the July to September 2024 quarter. The company posted a net profit of Rs 899.5 crore in Q2, marking a 0.9% year-on-year dip from Rs 908 crore in the year-ago period.
Nestle India Ltd.{sin-quite}s share price dropped 4% on Thursday after the company reported a marginal decline in its net profit for the July to September 2024 quarter. The company posted a net profit of Rs 899.5 crore in Q2, marking a 0.9% year-on-year dip from Rs 908 crore in the year-ago period.
Shares of Bajaj Holdings & Investment Ltd. slipped 2.09 per cent to Rs 10327.7 in Thursday{sin-quite}s trade as of 01:58PM (IST). It hit a high of Rs 10539.95 and low of Rs 10208.05 during the session.
Shares of Infosys Ltd., Mphasis Ltd., and Tech Mahindra Ltd. powered the Nifty IT index to be the sole gainer among 19 sectoral indices on the National Stock Exchange on Thursday. The gauge of information technology stocks gained as much as 1.6% intraday, compared to a 0.86% decline in the benchmark Nifty 50.
Shares of Infosys Ltd., Mphasis Ltd., and Tech Mahindra Ltd. powered the Nifty IT index to be the sole gainer among 19 sectoral indices on the National Stock Exchange on Thursday. The gauge of information technology stocks gained as much as 1.6% intraday, compared to a 0.86% decline in the benchmark Nifty 50.
o, that really has come to the fore right now. People are realising that this is going to end like a 2% to 5% kind of growth for which these kind of valuations are really not justified in the long run," says Mayur Milak, Asian Markets Securities.
Shares of Siemens Ltd. traded 3.03 per cent up at Rs 7741.0 at around 02:08PM (IST) on Thursday. The stock had closed at Rs 7983.05 in the previous session. Equity benchmark Sensex traded 544.29 points lower at 80957.07 around the same time.
Shares of Titagarh Rail Systems surged 8% to Rs 1,223.8 in Thursday{sin-quite}s trade after Morgan Stanley Asia Singapore Pte acquired a 0.57% stake (7.63 lakh shares) in the company through a bulk deal in the previous trading session. The purchase, valued at Rs 85.5 crore, was made at an average price of Rs 1,120 per share.
The Initial Public Offering (IPO) of Hyundai Motor India Limited, the Indian arm of South Korean automaker Hyundai, got fully subscribed on the third day of the bidding on Thursday (October 17, 2024). The ₹27,870 crore initial share sale got bids for 14,07,68,187 shares against 9,97,69,810 shares on offer, translating into 1.41 times the subscription, as per NSE data till 13:21 hours.
Foreign Portfolio Investors (FPIs) Societe Generale, Tiger Pacific Master Fund and UBS Principal Capital Asia reduced their holdings in Paytm owner One 97 Communications below 1% in the September ended quarter.
Stocks in Europe regained some lost ground on Thursday as investors eyed a dovish outlook on top of an expected European Central Bank interest rate cut during the day, while parsing a largely upbeat set of corporate earnings.
ccording to quick estimates of the economic think tank National Council of Applied Economic Research (NCAER), logistics costs in India ranged between 7.8% to 8.9% of GDP for the fiscal 2021-22
Long unwinding refers to the selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. In Thursday{sin-quite}s trading session, five stocks witnessed a long unwinding. Here{sin-quite}s the list:
Japan{sin-quite}s Nikkei share average closed lower on Thursday, as chip stocks slid despite industry star TSMC reporting better-than-expected earnings, while investors waited for more earnings results from domestic and overseas firms for further direction.
State-owned Central Bank of India on Thursday posted a 51 per cent jump in profit at Rs 913 crore in the second quarter ended September 2024. The lender had earned a net profit of Rs 605 crore in the same quarter a year ago.
India and the United States are set to sign a Rs 32,000 crore deal for the acquisition of 31 predator drones, along with the establishment of a maintenance, repair, and overhaul (MRO) facility in India, news agency ANI reported. This deal will enhance the surveillance capabilities of the Indian armed forces. Some reports suggest that the total value of the contract could rise to Rs 34,500 crore.
RIL, Reliance Industries results:Most brokerages have cut earnings estimates for Reliance Industries (RIL) after the oil-to-telecom conglomerate{sin-quite}s quarterly results missed Street expectations, yet again, in the the July-September quarter (Q2) for financial year 2024-25 (FY25).
The Rs 27,870 crore initial public offer (IPO) of Hyundai India, which opened for subscription earlier today, has been subscribed by 8% in the initial hours of the bidding process.
Several stocks plunged in excess of 5 per cent in Mumbai trading on Tuesday even as equity benchmark BSE Sensex traded 167.95 points down at 81805.1 amid brisk selling in frontline bluechip counters
SpiceJet Ltd. has successfully settled a $23.39 million or nearly Rs 196 crore dispute with Aircastle (Ireland) Designated Activity Co. and Wilmington Trust SP Services (Dublin) Ltd. They reached a resolution for a reduced amount of $5 million and mutually agreed on the treatment of certain aircraft engines, thereby ending all ongoing litigation.
Shares of Ambuja Cements Ltd. traded 0.18 per cent up at Rs 589.65 on Tuesday at around 11:25AM (IST), while the benchmark BSE Sensex declined 215.61 points to 81757.44.
Major fast moving consumer goods companies saw earnings downgrades during the typical June-October monsoon period, despite India experiencing its best southwest monsoon since 2020. India received 934.8 millimetres of rainfall during the four-month season, surpassing the long period average of 868.6 millimetres, as per the India Meteorological Department. This increase in precipitation was expecte
HCL Technologies Ltd. is confident to deliver operating profit margin guidance of 18–19% because of cost-efficiency efforts, visibility of strong performance from software business, and new deal wins, Chief Executive Officer and Managing Director C Vijayakumar said. Last year, it delivered 18.2% EBIT margin. In the first half of the current financial year, HCLTech has met its own expectations. Th
Axis Bank Q2 results 2024 preview, date: Axis Bank is set to report its July-September quarter (Q2) results for financial year 2024-25 (FY25) on Thursday, October 17. Brokerages, on average, expect Axis Bank to report net profit growth in low double digits, on a year-on-year (Y-o-Y) basis, on the back of tepid loan growth and other income.
The merger of media assets of Reliance Industries and the India business of global media house the Walt Disney is expected to be complete by the end of the third quarter of this fiscal, according to a regulatory filing by billionaire Mukesh Ambani-led group.
TD Power Systems Ltd.{sin-quite}s share price rose in early trade on Tuesday after the company secured two large orders from two major international gas engine original equipment manufacturers, with a combined value of Rs 142 crore for the supply of gas engine generators.
This order includes the engineering procurement (EP) scope, covering design, engineering, supply, installation, testing, and commissioning of the 100 MLD desalination plant.
Brokerage firms, including ICICI Securities, JPMorgan, and Emkay initiated coverage on companies like Jana Small Finance Bank, L&T, Vedanta, and NALCO. These firms have been assigned "buy" or "overweight" ratings, with projected upsides ranging from 12% to 25%
A sharp jump in India{sin-quite}s retail inflation for September has prompted several economists to push back domestic rate cut bets to the first-half of 2025 from early December, with some citing growth as a bigger factor that could determine the timing of an interest rate reduction.
Budget carrier SpiceJet on Tuesday (October 15, 2024) said it has successfully settled a USD 23.39-million dispute with two aircraft lessors -- Aircastle and Wilmington Trust, days after amicably resolving a similar dispute with a US-based aircraft leasing firm, BBAM. Also read: SpiceJet says reached settlement on ₹413-crore dispute with Echelon Ireland Madison One
The share price of Shree Cements Ltd. gained 0.86 per cent to Rs 24805.0 at 12:01PM (IST) in Tuesday{sin-quite}s trade. The stock has hit a high of Rs 24863.6 and low of Rs 24646.3 so far during the session. The stock had closed at Rs 24593.15 in the previous session.
Stock Market LIVE Updates, Tuesday, October 15, 2024: Indian benchmark equity indices, off the day{sin-quite}s lows, were trading in the red, after a higher open on Tuesday. At 12 PM, the BSE Sensex was down 131 points, or 0.16 per cent, at 81,841.45, while the Nifty 50 was at 25,076, down 51.15 points, or 0.2 per cent.
The Tata Group will create 500,000 manufacturing jobs over the next five years across sectors such as semiconductors, electric vehicles (EVs), batteries, and related industries, Chairman N Chandrasekaran said on Tuesday. Speaking at a symposium organised by the Indian Foundation for Quality Management, Chandrasekaran highlighted the crucial role of manufacturing in India’s goal of becoming a developed nation.
hares of ICICI Lombard General Insurance Company Ltd. traded 0.93 per cent up at Rs 2108.15 at around 12:11PM (IST) on Tuesday. The stock had closed at Rs 2088.55 in the previous session. Equity benchmark Sensex traded 150.72 points lower at 81822.33 around the same time.
SpiceJet is facing a new insolvency case filed by aircraft lessor Aviator ML 29641 Ltd in the National Company Law Tribunal (NCLT) over unpaid rental dues totalling around Rs 58 crore. The case revolves around a lease agreement for a Boeing 737 aircraft signed on June 16, 2017, according to a report by Mint.
The Nifty Realty index closed on a positive note on Monday. Shares of Oberoi Realty Ltd.(up 4.1 per cent), Macrotech Developers Ltd.(up 3.48 per cent), Godrej Properties Ltd.(up 2.57 per cent), DLF Ltd.(up 1.93 per cent) and Sobha Ltd.(up 0.95 per cent) ended the day as top gainers in the pack.
Ahead of the release of September{sin-quite}s domestic inflation data, Indian blue-chip equity indices closed higher on Monday, driven by gains in banking and IT stocks.
Ahead of the release of September{sin-quite}s domestic inflation data, Indian blue-chip equity indices closed higher on Monday, driven by gains in banking and IT stocks.
As India{sin-quite}s biggest initial public offering (IPO) of Hyundai Motor India Ltd (HMIL) opens for public subscription on Tuesday, October 15, the excitement is shot through with caution. Hyundai hopes to ride high on India{sin-quite}s bullish market in which nearly 260 companies have raised over $9 billion so far in 2024. The IPO of India{sin-quite}s second-largest automaker after Maruti Suzuki is a complete offer for sale (OFS) of 14.2 crore shares by the Korean parent, and is priced in the range of Rs 1,865-1,960.
India{sin-quite}s benchmark stock indices, Nifty and Sensex, ended at over one-week highs on Monday, tracking the sharp gains in Infosys Ltd. and HDFC Bank Ltd. Market participants await earnings from Reliance Industries Ltd. and HCL Technologies Ltd. for cues. To get live updates on RIL Q2 earnings, click here. The NSE Nifty 50 ended 0.66% higher at 25,127.95, and the BSE Sensex closed 0.73% higher at 81,
The Indian market is likely to edge higher on Friday, tracking positive global cues. The Nifty futures closed positively with gains of 0.17%, reaching 25,126 levels on Thursday.
Tata Elxsi shares rose 2.8% on Friday to day{sin-quite}s high of Rs 7,980.30 on BSE after the company reported a 14% growth in its consolidated net profit, reaching Rs 229 crore for the second quarter, compared with Rs 200 crore in the same quarter last year.
The much-anticipated market debut of Hyundai Motor India is set to raise the stakes in the Indian auto industry, with competition expected to heat up, particularly in the passenger vehicle segment. The IPO is likely to push other listed auto players to innovate and elevate their product offerings.
Reliance Industries Ltd.{sin-quite}s consolidated Ebitda is expected to fall sequentially in the second quarter of financial year 2025, as per brokerages. The segment that is estimated to drag down the company{sin-quite}s financials this quarter is its standalone business that engages in the oil to chemicals, and oil and gas business. The company{sin-quite}s other major segments—retail and Jio are projected to see healthy gro
Indian benchmark equity indices Sensex and Nifty opened lower on Friday, dragged down by banking, financial, and IT major Tata Consultancy Services (TCS), which reported a quarterly profit miss, marking a lackluster start to the earnings season for local tech firms.
Shares of Kolkata-based private sector lender Bandhan Bank jumped 9% on Friday, reaching a day{sin-quite}s high of Rs 204.90 after the RBI approved Partha Sengupta as the bank{sin-quite}s MD & CEO.
Shares of TCS fell as much as 2.09 per cent at Rs 4,140 per share on the BSE in Friday’s intraday deals after the company posted a modest quarterly earnings for the second quarter of the financial year 2024-25 (Q2FY25).
A short buildup occurs when there is a rise in open interest and trading volumes, coupled with a decrease in the price of the underlying stock in the Futures and Options segment. This indicates that more traders are expecting the prices to decline and are creating short positions. In Friday{sin-quite}s trading session, five stocks saw fresh short positions being built. Here{sin-quite}s the list:
ICICI Securities has add call on Tata Consultancy Services Ltd. with a target price of Rs 4,840. The current market price of Tata Consultancy Services is Rs 4,171.05. Tata Consultancy Services, incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 1512016.86 Crore) operating in IT Software
BlackRock Inc., Singaporean sovereign wealth fund GIC Pte and Capital Group are among those that have made bids to buy stock in Hyundai Motor India Ltd.’s $3.3 billion initial public offering, according to people familiar with the matter.
Tata Elxsi Ltd.{sin-quite}s net profit rose in the second quarter of fiscal 2025, beating estimates. However, brokerages are cautious on the stock due to concerns over growth in certain sectors and stretched valuations. Jefferies is skeptical on recovery of Tata Elxsi{sin-quite}s healthcare vertical, while HDFC Securities sees some recovery for the vertical by the end of the fiscal.
Shares of Punjab National Bank rose 0.19 per cent to Rs 103.75 at 11:05AM hours (IST) on Friday. Earlier in the day, the stock saw a gap up start to the session.
NEW DELHI: Several stocks plunged in excess of 5 per cent in Mumbai trading on Friday even as equity benchmark BSE Sensex traded 201.79 points down at 81409.62 amid brisk selling in frontline bluechip counters.
The Indian rupee dropped to a lifetime low against the U.S. dollar on Friday, pressured by concerns over the recent jump in oil prices and the exodus of foreign money from the nation{sin-quite}s equity markets.
What the market is doing now is waiting for those details. Are we going to get some significant fiscal action in other words because the issue of the Chinese economy here is weak consumer spending, weak consumer confidence, and of course a very soft property market," says Geoff Dennis, Independent EM Commentator
Cipla{sin-quite}s share price fell to its lowest level in over two months after China-based pharmaceutical company Jiangsu Hengru received approval to make Paclitaxel, generic version of BMS’ Abraxane. Abraxane{sin-quite}s generic contributes 6-7% to Citi Research{sin-quite}s earnings per share estimates excluding Revlimid for the next two fiscals. While the brokerage has maintained {sin-quite}buy{sin-quite} with target price of Rs 1,870, implyi
The debate over whether Delhi or Bengaluru offers a better startup ecosystem has been reignited by recent comments from Zomato CEO Deepinder Goyal. At a recent event, Goyal challenged the common belief that Bengaluru is essential for entrepreneurial success, suggesting that one doesn’t need to be based there to build a successful business. His remarks have sparked further discussion, with other industry leaders sharing their views.
Adani Green Energy Ltd. reported a 34% year-on-year increase in operational capacity in the first half of fiscal 2025, reaching 11,184 MW. This growth was driven by greenfield additions, including 2,418 MW of solar power and 450 MW of wind power plants. The company also noted a 20% YoY rise in energy sales, with 14,128 million units sold.
Shares of Info Edge (India) Ltd. gained 0.15 per cent to Rs 8312.7 in Friday{sin-quite}s trade as of 11:35AM (IST). It hit a high of Rs 8351.9 and low of Rs 8258.6 during the session.
Share price of Godrej Consumer Products Ltd. gained 0.17 per cent to Rs 1318.55 at 11:40AM (IST) in Friday{sin-quite}s trade. The stock hit a high of Rs 1329.8 and low of Rs 1311.9 so far during the session. The stock had closed at Rs 1316.3 in the previous session.
Shares of Marico Ltd. traded 0.89 per cent higher in Friday{sin-quite}s session at 11:46AM (IST). The stock opened at Rs 682.05 and has touched an intraday high and low of Rs 691.2 and Rs 680.9, respectively, during the session so far.
Shares of Ambuja Cements Ltd. gained 0.69 per cent to Rs 589.5 in Friday{sin-quite}s trade as of 10:44AM (IST). The stock hit a high price of Rs 592.9 and low of Rs 586.0 during the session.
With the detailed forensic audit at Bandhan Bank Ltd. by National Credit Guarantee Trustee Co. now complete, and the RBI approval of the leadership change at the bank, brokerages are bullish on outlook for the bank. Bandhan Bank Ltd. said on Thursday that it will receive a payout of Rs 314.68 crore from the NCGTC following the completion of a forensic audit. The revised amount considers exclusion
Online marketplaces have witnessed sales of over Rs 54,500 crore in the first week of the festive period, accounting for nearly 55% of total sales projected during the next month or so. According to data from Datum Intelligence, e-commerce platforms have seen a growth of 26% in the first week, as compared to the same period in 2023.
Gold December futures contracts at MCX opened flat today at Rs 75,063 per 10 gram, which is up by 0.17% or Rs 129 while silver December futures contracts were trading at Rs 89,157/kg, up by 0.32% or Rs 285.
The Indian market is buzzing with anticipation for the biggest ever IPO from Hyundai Motor India as the company plans to raise around Rs 27,870 crore through the offering. =
The Indian rupee opened stronger on Thursday as the dollar index cooled, with investors awaiting key US CPI inflation data. The currency strengthened by 2 paise to open at 83.94 against the US dollar on Thursday, up from its Wednesday close of 83.96, according to Bloomberg.
Shares of Tata Technology Services Ltd., Tata Motors Ltd., Tata Chemicals Ltd. and group stocks of the conglomerate held steady after its former Chairman, Ratan Tata, passed away on Wednesday. The chairman emeritus of Tata Sons and a highly regarded Indian industrialist died at the age of 86. He led the Tata Group for around 21 consecutive years between 1991 and 2012.
Shares of Tata Group company Tata Technologies today surged 3.3% to day’s high of Rs 1,083.45 on the BSE despite securing a ‘reduce’ rating and a target price of Rs 950 (a potential downside of 9%) for the stock from domestic brokerage firm Axis Capital.
TCS Q2 Earnings Live: Tata Consultancy Services (TCS), a leading Indian IT company, is expected to report up to 7.7% year-on-year revenue growth for the September quarter, with estimates ranging between Rs 59,692 crore and Rs 63,944 crore, according to five brokerage firms. Net profit for the quarter is projected to be between Rs 11,342 crore and Rs 12,443 crore, reflecting a likely 8-10% increase
Benchmark equity indices climbed in early trade on Thursday (October 10, 2024) amid a firm trend in global equities and buying in banking stocks. Market participants will closely watch Q2 earnings season, starting with Tata Consultancy Services which is set to report its results later in the day, traders said.
The rupee rose 1 paisa to 83.95 against the U.S. dollar in early trade on Thursday (October 10, 2024) amid a firm trend in domestic equity markets and a weaker greenback against major overseas rivals. However, an increase in global oil prices and heavy foreign fund outflows capped further recovery in the domestic currency, according to forex experts.
The NSE Nifty 50 and BSE Sensex pared most gains from the morning, tracking declines in Infosys Ltd. and Trent Ltd.{sin-quite}s share prices. As of 11:47 a.m., the Nifty 50 was 0.17%, or 42.50 points higher at 25,024.45, and the Sensex was up 214.98 points, or 0.26% at 81,682.08.
Tata Sons{sin-quite} Chairman emeritus Ratan Tata{sin-quite}s passing has caused an outpour of anecdotes from the startup industry, an ecosystem he fondly nurtured and worked with. While the patriarch was responsible for the expansion of India{sin-quite}s biggest conglomerate, he also watered several startups when they weren{sin-quite}t sector leaders, such as Urban Company, CashKaro, BlueStone, CarDekho and Tracxn.
IT stocks have outclassed most sectoral peers delivering aggregate 13% returns at an index level in the past 3 months. Midcap counter Coforge and Infosys are among the leaders in the pack with a lone exception in Wipro, which has seen its share price erode.
NEW DELHI: Shares of Soma Textiles, Xelpmoc Design, Ausom Enterprise, Maan Aluminium and Kapston Facilities, hit their fresh 52-week highs at 11:15AM(IST)on NSE.
Tata Group patriarch Ratan Tata, who passed away last night at the age of 86, added enough zeros to the salt-to-software conglomerate{sin-quite}s balance sheets for revenues to pole-vault 46 times to Rs 4.75 lakh crore in his 21 years of chairmanship which ended in 2012.
Gautam Adani, chairman of the Adani Group, has seen a remarkable surge in his net worth, adding $48 billion to reach a total of $116 billion. This increase marks a 70.5% rise from the previous year, making him one of the top gainers in wealth addition on Forbes India rich list.
HCL Technologies Ltd.(up 0.8 per cent), Wipro Ltd.(up 0.54 per cent), MphasiS Ltd.(up 0.42 per cent), L&T Technology Services Ltd.(up 0.36 per cent) and Coforge Ltd.(up 0.35 per cent) were among the top gainers.
Stating risk-rewards turn unattractive after the recent rally, domestic brokerage firm Kotak Institutional Equities has downgraded Tata Steel from a {sin-quite}Reduce{sin-quite} rating to a {sin-quite}Sell{sin-quite} rating with a target price of Rs 145, which indicates a downside of 9% from the previous closing price of Rs 159 per share.
aruda Construction and Engineering Ltd.{sin-quite}s IPO was subscribed 4.90 times as of 11:06 a.m. on its third and final day. It was subscribed 1.91 times on Day 1 and 4.10 times on Day 2. The subscription is led by retail investors. The company{sin-quite}s grey market premium or GMP was nil as of 06:03 a.m. on Oct. 10.
The 2024 smartphone launch cycle is nearing completion, with recent releases including the Apple iPhone 16 series and Google Pixel 9 series. As the year progresses, Chinese brands such as OnePlus, iQOO, and Vivo are preparing for fresh launches. Last year, these brands announced their flagship smartphones for 2024 in the final months, with iQOO launching its device in India in December. Here is what to expect this year:
Ratan Tata said that to succeed in the corporate world all one needs is good common sense. In 1994, when Mukund Govind Rajan had expressed his doubts about being a good fit for the Group, this is what the industrialist had told him.
Stock Market LIVE Updates, Thursday, October 10, 2024: Indian benchmark indices BSE Sensex and Nifty 50 were trading higher on Thursday, tracking overnight gains on the Wall Street, along with gains in the Asia Pacific region.
Shares of PI Industries Ltd. slipped 0.34 per cent to Rs 4594.65 in Thursday{sin-quite}s trade as of 11:55AM (IST). The stock hit a high price of Rs 4655.85 and low of Rs 4586.7 during the session.
Industry body Ficci on Thursday mourned the demise of industry veteran Ratan Tata, describing him as a "role model who inspired generations of entrepreneurs and corporate leaders with his vision of ethical capitalism".
Industry body Ficci on Thursday mourned the demise of industry veteran Ratan Tata, describing him as a "role model who inspired generations of entrepreneurs and corporate leaders with his vision of ethical capitalism".
Industry body Ficci on Thursday mourned the demise of industry veteran Ratan Tata, describing him as a "role model who inspired generations of entrepreneurs and corporate leaders with his vision of ethical capitalism".
Industry body Ficci on Thursday mourned the demise of industry veteran Ratan Tata, describing him as a "role model who inspired generations of entrepreneurs and corporate leaders with his vision of ethical capitalism".
India{sin-quite}s Star Health is investigating accusations that its chief information security officer played a role in a data leak by a self-styled hacker who used Telegram chatbots and websites to disseminate customers{sin-quite} medical records and personal data.
IT stocks have outclassed most sectoral peers delivering aggregate 13% returns at an index level in the past 3 months. Midcap counter Coforge and Infosys are among the leaders in the pack with a lone exception in Wipro, which has seen its share price erode.
Brokerage firm CLSA has maintained its hold rating on HDFC Bank, while Nomura and Citi have buy ratings on SBI and IGL, respectively.
After headline equity index Nifty fell 1,420 points in just 6 trading sessions, the 5.5% correction was deep enough to revive fears of an impending stock market crash before Haryana assembly election results brought out the bulls from their hideout on Tuesday.
Tata Motors shares will be in focus on Wednesday as the company is seeking bids for the supply of wind turbines with a capacity of over 3 gigawatts (GW) to be installed at its wind-solar hybrid renewable energy facilities across the country over the next three to five years, said people aware of the development. The value could exceed Rs 21,000 crore and is among the largest wind turbine orders ever, the people said. Currently, the cost of setting up 1MW of wind energy is around Rs 7 crore.
On October 8, the closing prices of four stocks from the Nifty500 pack rallied over 4% relative to the VWAP (Volume Weighted Average Price), and a shift above the VWAP suggests a potential bullish trend, according to stockedge.com{sin-quite}s technical scan data.
The initial public offering of Khyati Global Ventures Ltd. concluded on Tuesday with 15.17 times subscription. The SME IPO was subscribed 8.45 on Tuesday and 2.86 times on its opening day on Friday.
SKF India{sin-quite}s share price jumped more than 6% after the company approved the demerger of its industrial business. The name of the new company will be “SKF India (Industrial) Ltd” or “SKF (Industrial) India Ltd” or such other as may be approved by the concerned central registration centre.
Several brokerages remain bullish on stocks across various sectors, including banking, finance, and cement. According to Trendlyne data, seven stocks, including IndusInd Bank, SBI, and ACC, have received more than 20 analysts{sin-quite} buy calls and could rally up to 51%. Here{sin-quite}s the list of these stocks:
Indian benchmark indices broke a six-day losing streak and ended higher with Nifty closing above 25,000 on Tuesday. The placement on the charts indicate a potential consolidation. However, the price is still trading below the 20- and 50-day EMAs, which usually suggests that the market remains in a sideways to bearish trend.
India{sin-quite}s Monetary Policy Committee, led by RBI Governor Shaktikanta Das, kept the benchmark repo rate unchanged for the tenth straight meeting, but changed the stance to neutral, possibly paving the way for future rate cuts.
SpiceJet shares jump 8% on settling Rs 1,100 crore dispute with lessors
Shares of rate-sensitive stocks - banks and NFBCs - rallied up to 4% on Wednesday morning after the Reserve Bank of India (RBI) changed its policy stance to {sin-quite}neutral{sin-quite} from {sin-quite}withdrawal of accommodation{sin-quite} earlier. Led by gains in financials, the Sensex also jumped 500 points.
Vedanta Ltd. is scheduled to hold a Board of Directors meeting on Wednesday to deliberate on the potential declaration of a fourth interim dividend for the financial year 2024-25. The meeting was initially set for October 8 but was postponed due to unforeseen circumstances.
Shares of Siemens Ltd. rose 3.09 per cent to Rs 7601.3 in Wednesday{sin-quite}s trade. It hit an intraday high of Rs 7678.0 and low of Rs 7351.1, respectively, during the day.
A long buildup occurs when open interest and trading volumes increase alongside a rise in the underlying stock price in the Futures and Options segment, signaling a bullish market trend. In Wednesday{sin-quite}s trading session, five stocks saw fresh long positions. Here’s the list: Getty Images
Shares of Siemens Ltd. rose 3.09 per cent to Rs 7601.3 in Wednesday{sin-quite}s trade. It hit an intraday high of Rs 7678.0 and low of Rs 7351.1, respectively, during the day.
NEW DELHI: BSE(Rs. 914.07 crore), HDFC Bank(Rs. 885.28 crore), PayTM(Rs. 760.73 crore), Zomato(Rs. 734.16 crore), Divis Labs(Rs. 721.49 crore), SBI(Rs. 568.59 crore), Torrent Power(Rs. 563.30 crore), Trent(Rs. 555.45 crore), Dixon Tech(Rs. 534.51 crore) and RIL(Rs. 533.15 crore) were among the most traded securities on the National Stock Exchange at 10:39AM in Wednesday{sin-quite}s session.
Shares of MphasiS Ltd. traded 0.04 per cent up at Rs 2904.05 at 11:36AM (IST) on Wednesday, even as BSE benchmark Sensex gained 653.81 points to 82288.62.
Benchmark equity indices climbed in early trade on Wednesday (October 9, 2024) ahead of the Reserve Bank of India{sin-quite}s monetary policy decision. Buying in banking and IT stocks added to the positive trend in markets.
NEW DELHI: Several stocks plunged in excess of 5 per cent in Mumbai trading on Wednesday even as equity benchmark BSE Sensex traded 555.04 points up at 82189.85 amid brisk buying in frontline bluechip counters.
Benchmark equity indices climbed in early trade on Wednesday (October 9, 2024) ahead of the Reserve Bank of India{sin-quite}s monetary policy decision. Buying in banking and IT stocks added to the positive trend in markets.
NEW DELHI: Several stocks plunged in excess of 5 per cent in Mumbai trading on Wednesday even as equity benchmark BSE Sensex traded 555.04 points up at 82189.85 amid brisk buying in frontline bluechip counters.
Shares of Crompton Greaves Consumer Electricals Ltd. gained 1.69 per cent to Rs 437.25 in Wednesday{sin-quite}s trade as of 10:51AM (IST). It hit a high of Rs 438.2 and low of Rs 430.0 during the session.
We would have a positive view on the sector. And the good part about real estate this time is that the net debt to cash flow situation continues to remain quite good. So, our preferred picks within the sector are Lodha, which has corrected almost about 12-15% from the top and Godrej Property, which has done exceedingly well and has not corrected much but I think the overall fundamentals, the data points continue to remain positive," says Hemang Jani, Independent Market Expert.
Shares of Lupin Ltd. gained 2.13 per cent to Rs 2264.0 in Wednesday{sin-quite}s trade as of 10:56AM (IST). The stock hit a high price of Rs 2272.5 and low of Rs 2219.6 during the session.
The Reserve Bank of India (RBI) on Wednesday unanimously decided to change the monetary policy stance to neutral while keeping the repo rate unchanged for the tenth consecutive time at 6.50 per cent. RBI Governor Shaktikanta Das said in his statement that despite the change in stance, the six-member Monetary Policy Committee (MPC) remains focused on bringing the headline inflation to 4 per cent on a durable basis. Five out of six members voted in favour of holding rates.
Cognizant Technology Solutions Corp. engaged in a pattern of discriminatory conduct toward non-Indian workers and should pay punitive damages to compensate employees who suffered harm, a US jury found.
Bihar is performing well in basic indicators like education and health, and it is likely to catch up with the rest of the country in a couple of years, NITI Aayog CEO B.V.R. Subrahmanyam said. Addressing a press conference in Gaya where a national conference on data-driven governance will begin on Tuesday (October 8, 2024), he said a number of aspirational blocks and districts of Bihar will become "inspirational" soon due to improved governance and service delivery.
India{sin-quite}s securities market regulator approved the initial public offering of National Securities Depository Ltd. on Monday. The maiden issue of the Mumbai-based securities depository will consist only of an offer for sale component.
Just to put things into perspective, finally you do have the China markets having opened up and I just want to understand, we had those huge stimulus measures that were announced and that have continued. What is that spelling out when it comes to the money flow in the global markets?
The rupee rose 6 paise to 83.94 against the US dollar in early trade on Tuesday supported by a weaker greenback and lower crude oil price. However, volatility in the domestic equity markets and FII outflows capped sharp gains in the local unit, forex traders said.
Shares of Varun Beverages Ltd. rose 3.12 per cent to Rs 558.75 in Tuesday{sin-quite}s trade as of 10:20AM (IST) even as the benchmark Nifty ruled at 24836.35, up 40.6 points.
The Central Consumer Protection Authority has slapped a Show Cause Notice on Ola Electric Mobility Ltd for alleged violation of consumer rights, misleading advertisement and unfair trade practices, Ola Electric Mobility said. “We wish to inform you that the company has received Show Cause Notice from the Central Consumer Protection Authority,” the company informed the stock exchanges.
NEW DELHI: Several stocks plunged in excess of 5 per cent in Mumbai trading on Tuesday even as equity benchmark BSE Sensex traded 205.09 points up at 81255.09 amid brisk buying in frontline bluechip counters. On the BSE, Aditya Ispat(down
Equity benchmark indices turned flat after beginning the trade on a positive note early on Tuesday (October 8, 2024) amid a weak trend in the Asian markets. The 30-share BSE Sensex climbed 128.88 points to 81,178.88 in early trade, while the NSE Nifty went up 43.35 points to 24,839.10.
Ola Electric late night on Monday told the stock exchange it had received a show-cause notice from the Central Consumer Protection Authority (CCPA) and would file a response within the 15-day deadline. The company said the notice "wouldn’t impact its financial, operational, or other business activities." Its stock was trading at Rs 92 at 9.50 am, recovering around 7 per cent from the day’s low.
A rapid 25% market increase, potentially driven by short covering, is unlikely to last. Some investors may perceive better opportunities in China, leading to potential short-term volatility in Indian markets.
odrej Properties Ltd.(up 2.19 per cent), Mahindra Lifespace Developers Ltd.(up 1.57 per cent), DLF Ltd.(up 1.0 per cent), Prestige Estates Projects Ltd.(up 0.41 per cent) and Sunteck Realty Ltd.(up 0.24 per cent) were among the top gainers.
Shares of DLF Ltd. traded at Rs 833.5 on BSE at 10:49AM (IST) on Tuesday, up 1.11 per cent from previous close. The scrip quoted a 52-week low price of Rs 513.55 and a high of Rs 967.0.
Shares of SRF Ltd. gained 0.88 per cent to Rs 2327.85 in Tuesday{sin-quite}s trade as of 10:55AM (IST). The stock hit a high price of Rs 2341.45 and low of Rs 2290.0 during the session.
Apple has released iOS 18.1 developer beta 6 for eligible iPhone users enrolled in its beta testing programme. This sixth developer beta introduces more features besides adding support for Apple Intelligence and an updated Siri assistant. Additionally, the US-based technology giant has released a new version of watchOS 11.1 developer beta, enabling Sleep Apnea detection on the Watch Series 10, Watch Series 9, and Watch Ultra 2.
oogle has issued a “Your device has great features” notification from Google Play Services, expanding into a fullscreen carousel showcasing new inclusions on Android devices. This notification has been sent to non-Pixel devices, as the Tips app on Pixel devices displays new features from the quarterly Feature Drops. The notification highlights eight Android features, accompanied by instructions, images, and details about availability. These features include a “learn more” link that directs users to Google’s support page, according to reports from 9to5Google. There is no option to revisit this carousel after opening the notification once.
Shares of Jyoti Structures surged 10% to a day{sin-quite}s high of Rs 29.3 in Tuesday’s trade on the BSE after ace investor Ashish Kacholia acquired a 2.52% stake in the small-cap firm.
NEW DELHI: Shares of Tainwala Chem, Niraj Ispat Ind., Power & Instrument, Diffusion Engineers and Ujaas Energy, hit their fresh 52-week highs at 10:59AM(IST)on NSE.
Stock Market LIVE Updates, Tuesday, October 8, 2024: Indian benchmark equity indices, after opening on a muted note, were trading higher on Tuesday. At 11 AM, the BSE Sensex was up 295.85 points, or 0.37 per cent, at 81,345.85, and the Nifty 50 was at 24,895, up 99.75 points, or 0.4 per cent.
Passenger vehicle retail sales dropped sharply by 19 per cent in September, largely due to seasonal factors such as heavy rainfall and ‘Pitru Paksha’ or ‘Sharadha’ -- a 16-day lunar period when purchasing a new product is avoided by many.
Passenger vehicle retail sales dropped sharply by 19 per cent in September, largely due to seasonal factors such as heavy rainfall and ‘Pitru Paksha’ or ‘Sharadha’ -- a 16-day lunar period when purchasing a new product is avoided by many.
Shares of ITC climbed 2.2% to Rs 514.8 in Monday{sin-quite}s intraday trade on the BSE after receiving approval from the National Company Law Tribunal (NCLT) for the demerger of its hotel business.
Gold prices have performed remarkably well this year, with returns of nearly 20% in the domestic market and almost 30% in the international market so far. The yellow metal has attracted a lot of attention by delivering double-digit returns every year since 2019, except for 2021 when it had a negative return of 4%.
The world-beating rally in Chinese stocks is failing to convince many global fund managers and strategists.
https://economictimes.indiatimes.com/markets/stocks/news/bajaj-housing-shares-dip-5-after-hsbc-initiates-coverage-with-reduce-rating-predicts-27-downside/articleshow/114001821.cms
In the week from September 30 to October 4, 2024, a host of geo-political events across the global arena has led to drastic price moves in the yellow metal. Gold prices in the international markets have moved in the range $2620-2685/0z, while on the MCX prices moved in the range of Rs.75500-76500/10 gms i.e a range of around Rs.1000/10 gms. What drove this volatility and where are gold prices further headed to? Here’s what investors should know?
How is a person deemed healthy? To most of us, we label someone who looks fit (lean/ toned) as healthy. However medically, the first thing a doctor evaluates is a blood report. Regardless of the outward appearance, it is the blood reports that give a true picture of the internal health of a person.
NEW DELHI: Power stocks were trading lower on Monday at 10:44AM Power and Instrumentation(Gujarat)Ltd.(up 5.00%) and Neueon Towers Ltd.(up 4.77%) were among the top gainers.
NEW DELHI: Power stocks were trading lower on Monday at 10:44AM Power and Instrumentation(Gujarat)Ltd.(up 5.00%) and Neueon Towers Ltd.(up 4.77%) were among the top gainers.
NEW DELHI: The Nifty Realty index traded negative around 10:03AM(IST)on Monday in an upbeat market.
Apple’s next major hardware launch event is expected towards the end of this month. According to Bloomberg’s Mark Gurman, Apple plans to announce new products, including M4-powered Macs and new iPad models, around the end of October. Some of these products may be available by November 1. Gurman also detailed Apple’s 2025 launch schedule for additional products, such as the iPhone SE and updated AirTag.
quity benchmark indices rebounded in early trade on Monday (October 7, 2024) after tumbling in the previous week amid a rally in global markets, along with buying in index majors ITC and ICICI Bank. The BSE Sensex climbed 292.29 points or 0.36% to 81,980.74 in early trade. The NSE Nifty went up by 54.55 points or 0.22% to 25,069.15.
NEW DELHI: Rossell India, KRN Heat Exchanger, U Y Fincorp, Bajaj Housing Fin and Northern Arc Capital and others were among the stocks that touched their 52-week lows as of 10:55AM(IST)in Monday{sin-quite}s session.
The following list of stocks in the headline index Nifty50 were given “Strong Buy/Buy” recommendations in the latest Stock Reports Plus report dated October 7, 2024.
A short buildup occurs when there is a rise in open interest and trading volumes, coupled with a decrease in the price of the underlying stock in the Futures and Options segment. This indicates that more traders are expecting the prices to decline and are creating short positions. In Monday{sin-quite}s trading session, five stocks saw fresh short positions being built. Here{sin-quite}s the list:
Sandip Sabharwal, asksandipsabharwal.com, says there has been a foreign investor led selloff, and a bigger selloff on the largecap side. If the selloff continues on a lot of the global geopolitical issues which are not being factored into the markets right now, but which could come into play if things deteriorate, combined with the reallocation and overall position in global equity market, on the largecap side, stocks like L&T, Reliance, ICICI Bank could come into good buy z ..
Stock Market LIVE Updates, Monday, October 7, 2024: Indian benchmark equity indices pulled back from their opening gains, and were trading lower on Monday. At 11 AM, the BSE Sensex was down 242 points, or 0.30 per cent, at 81,446, while the Nifty 50 was at 24,890.60, down 124 points, or 0.5 per cent.
A reduced majority, or even a loss for the Bharatiya Janata Party (BJP) in Haryana and Jammu & Kashmir (J&K) state elections is unlikely to ruffle the markets much, suggest analysts.
Shares of PI Industries Ltd. slipped 1.95 per cent to Rs 4496.1 in Monday{sin-quite}s trade. It hit a high of Rs 4619.4 and low of Rs 4480.2 during the session.