In the holiday shortened week, the BSE benchmark saw a decline of 982.56 points, equivalent to 1.37 percent. Also read: IPOs next week: Six new issues, 10 listings to keep primary market busy Among the top-10 companies by market value, Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, Life InsuranceRead More →
The largest insurance business in India, LIC, has received approval from the Reserve Bank of India (RBI) to purchase up to a 9.99% share in the country’s largest private sector bank. In its exchange statement, HDFC Bank stated that the permission was given with regard to the application that LICRead More →
In addition, the dimming hopes for an early rate cut by the US Fed, geopolitical tensions in the red sea, and rising US bond yields have also dampened investors’ sentiment. This led them to book profits amid a significant rally in the Indian stock market in CY23, causing stocks toRead More →
The Q3 results for most private banks were in-line with estimates, but showed challenges with respect to their profitability as they found difficulties in mobilizing low-cost deposits to meet the strong credit growth. Declining margins were a key concern among these lenders during the October-December quarter and analysts believe theRead More →
Indian corporates continue to maintain their optimistic business performance. The demand and the earnings growth are being sustained in Q3. Notably, the material sector excels, particularly in segments such as metals and cement, attributed to improved realization and reduced raw material costs. Conversely, chemicals, a segment of material, has experiencedRead More →
Foreign portfolio investors (FPIs) have flipped their bullish derivatives bets to bearish ones over just two trading sessions. This swift change of view raises fears of a deeper retracement from the markets’ recent peak. In these past two sessions, FIIs sold ₹20,384.2 crore of cash shares, turning net sellers ofRead More →
Record single-day selling by foreign investors mauls HDFC Bank.Indicators point to a more volatile road aheadRead More →
Technology stocks were the star performers on the Street on Monday, lifting the Nifty and Sensex indices to record highs, along with support from blue chips Reliance Industries Ltd and HDFC Bank Ltd. Meanwhile, robust returns from information technology (IT) stocks in the year so far are beginning to raiseRead More →
Excluding the Oil & Gas sector, it sees a 10.2 percent growth in EBITDA and 15.1 percent growth in PBT for its coverage universe. According to PL, Auto, Capital Goods, Pharma, Metals, Building Materials, Housing Finance Companies, and Travel will lead growth, however, Chemicals, Media, Education and Telecom will beRead More →
Last week witnessed a positive trend in the market, with the BSE benchmark surging 542.3 points or 0.75 percent. Five out of the top 10 most-valued firms collectively gained ₹1,99,111.06 crore in market valuation, buoyed by bullish sentiments. Reliance Industries (RIL) retained its position as the most-valued firm, followed byRead More →
