MUMBAI : Indian equities rallied on Wednesday tracking gains in global stocks, as lower-than-expected US inflation raised optimism about the end of the rate hike cycle. Derivative short covering by foreign portfolio investors (FPIs) also helped. The National Stock Exchange’s Nifty 50 gained 1.19% to close at 19,675.45, while theRead More →
Mid and smallcaps outperformed. The BSE Midcap index rose 0.67 per cent while the Smallcap index clocked a robust gain of 1.14 per cent. The overall market capitalisation of the BSE-listed firms rose to nearly ₹322.5 lakh crore from nearly ₹320.3 lakh crore in the previous session, making investors richerRead More →
The combined market valuation of four leading firms in the top-10 list decreased by ₹23,417.15 crore last week, with Infosys and Tata Consultancy Services (TCS) facing significant declines, PTI reported. IT major Infosys recorded the most substantial drop, with its market capitalisation falling by ₹8,465.09 crore to ₹5,68,064.77 crore. While,Read More →
These stocks have truly stood out, offering investors a reason to rejoice alongside the traditional festivities. Over the last one-year period, more than 25 Nifty 500 stocks have delivered phenomenal returns to their investors, with gains in the range of 100–482%. These stocks are from sectors including defence, railways, banking,Read More →
The volatility was on the back of the Russia-Ukraine war, Israel-Palestine war, high global inflation, rising crude prices, peak US 10-year yield, weakening rupee, and consumption slowdown. Still, the Nifty managed to touch 20,000 on 11th September, 2023 and the BSE Sensex surpassed 67,900. While going ahead, experts expect volatilityRead More →
United Spirits share price plunged almost 7 per cent in morning trade on BSE on Friday, November 10, as investors offloaded shares of the company in the wake of its September quarter earnings which showed a significant year-on-year (YoY) fall in standalone revenue and profit. In an exchange filing onRead More →
During market hours on Tuesday, the company released its Q2FY24 scorecard, reporting a robust performance across all its key formats. It reported a standalone revenue growth of 59.37% YoY at ₹2,891 crore, driven by aggressive store additions in Zudio and 10% LFL growth in fashion concepts (Westside, Zudio, and otherRead More →
Mumbai: Benchmark Indian indices rose for the third straight session on retail and DII buying, buoyed by falling US treasury yields and the dollar, which have ignited a risk-on sentiment again in global financial markets, what some analysts say could be the start of an early Santa Claus rally. TheRead More →
Hours after a tech glitch affected scores of its users on November 6, Zerodha issued a statement noting that 20 percent of its client base faced issues that were linked to one of the independent “silos”. “At the market opening today, 20 percent of our clients first experienced issues checkingRead More →
Trent, the retail arm of Tata Group, has seen its stock perform exceptionally well on Dalal Street this year, rewarding its shareholders with a return of 61.7%, appreciating from ₹1,358 apiece to ₹2,196 apiece. Impressively, the stock has consistently delivered positive returns every year since 2014. Among these, 2017 markedRead More →
