Vodafone Idea Ltd’s stock rose to a 52-week high on New Year’s Day to ₹18.42, amid news reports claiming that the government could sell its 33% stake in Vodafone Idea to tech-billionaire Elon Musk and his satellite internet venture Starlink collaborating with the carrier. Securities and Exchange Board of IndiaRead More →
In 2023, the domestic equity benchmarks, Nifty 50 and BSE Sensex, exhibited a remarkable upswing of approximately 20%, marking their second-best performance since 2017. This stellar performance positioned them among the top-performing stock indexes globally. Notably, Nifty 50 achieved its eighth consecutive year of positive returns. India solidified its statusRead More →
National Payments Corporation of India (NPCI) has announced the launch of an ASBA-like facility in the secondary market. Set to begin next week in its beta phase for the equity cash segment, the ‘UPI for Secondary Market’ initiative is supported by key stakeholders, including clearing corporations, stock exchanges, depositories, stockbrokers,Read More →
Shares of banks and non-banking finance companies (NBFC) including Bajaj Finance, SBI Card, ICICI Bank, HDFC Bank, among others witnessed selling pressure on Friday after the Reserve Bank of India (RBI) tightened norms for personal loans and credit cards. The Bank Nifty index dropped over 0.7%, while Nifty Financial ServicesRead More →
Notably, 16 large-cap stocks are currently trading near their 52-week lows, with a range from 1% to 10%. Among these 16 stocks, eight are constituents of the Nifty 50 index, comprising UPL, HDFC Bank, HUL, Kotak Mahindra Bank, Reliance Industries, Wipro, TCS, and Asian Paints. The remaining eight include HindustanRead More →
During the September quarter, foreign institutional investors (FIIs) boosted their investments in 130 Nifty 500 stocks. This suggests that these stocks have gained favour among global investors. Based on data from Trendlyne, six stocks witnessed a rise in FII holdings ranging from 5% to 41% during Q2 FY24 (September 2023Read More →
Global funds are now beginning to pay more attention to Indian market, said Christopher Wood, global head of equity strategy at Jefferies, in his latest Greed & Fear report. This is because the market now has 30 companies with a market capitalisation of over $25 billion, it informed. As aRead More →
Shares of HDFC Bank gained over 1 per cent on Friday, September 15, and traded at an intra day high of ₹1,670 on the NSE during late afternoon deals, after the leading private lender witnessed block deals worth ₹4,500 crore. The deals came over passive inflows following a rejig ofRead More →
The combined market valuation of seven of the top 10 valued firms declined by ₹74,603.06 crore last week. Of these, HDFC Bank emerged as the biggest laggard as its valuation declined by ₹25,011 crore to ₹12,22,392.26 crore, according to a report published by the news agency PTI. ICICI Bank, HindustanRead More →
There are expectations that the merger of HDFC Bank and HDFC would boost sales of HDFC Life Insurance Co. Ltd’s products through the bank’s channels. The merger was effective from 1 July. In its June quarter (Q1FY24) earnings call on Friday, HDFC Life’s management said business from the HDFC BankRead More →
