Since the anticipation of rate cuts began building up after December, the Nifty IT index has witnessed a significant rally of over 17.5% to date. Also Read: TCS market cap hits ₹15 lakh crore as stock touches new all-time high However, the latest update from the Fed suggests that aRead More →
Ahead of the bidding, the Capital Small Finance Bank raised ₹57 crore from anchor investors. Whiteoak Capital, Nippon Life India, Edelweiss Tokio Life Insurance, Ashoka India Equity Investment Trust, 360 ONE Mutual Fund, HDFC Life Insurance Company, Ananta Capital Ventures Fund, ICICI Prudential Life Insurance Company, SBI General Insurance Company,Read More →
The Indian central bank on Wednesday, in a press release, directed Paytm Payments Bank Ltd. (PPBL, or the bank) to stop new credit and deposit operations, top-ups, fund transfers, and other such banking operations after February 29 this year. Also Read: Paytm share price locked at 20% lower circuit forRead More →
Apart from positive global cues, experts observed that the pro-growth Interim Budget also influenced investors to buy quality stocks after the recent correction. “The non-populist Budget focused on fiscal consolidation is a big positive. The big allocation for rural housing will benefit all construction-related segments like cement, steel, paints, etc.Read More →
Nova Agritech’s share price made a stellar debut on the bourses today, listing at ₹55, an over 34 percent premium to the issue price of ₹41 on BSE. Meanwhile, on BSE, Nova Agritech’s share price was listed at ₹56 apiece, up 36.6 percent from the issue price. It further roseRead More →
The NSE’s benchmark Nifty closed 1.8% higher at 21,737.60 points, while BSE’s Sensex ended 1.76% higher at 71,941.57, their biggest gains since 4 December. The RIL stock climbed almost 7%, contributing the most to the day’s market gains, as investors turned optimistic about potentially higher refining margins. The RIL stockRead More →
Capital markets regulator Securities and Exchange Board of India (Sebi) has released a circular to extend the timeline to implement the rule for top companies for verification of market rumours. The listed entities were divided into two broad categories: top 100 and top 250 by market capitalisation. The regulator hadRead 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 →
(Bloomberg Opinion) — Economic growth is barely positive in the Eurozone, and the Chinese stock market has been in freefall. But for all its doubters, the US economy and markets continue to shock the world. For a moment at least, that’s worth celebrating. Gross domestic product expanded at a 3.3%Read More →
Shares of DCB Bank fell over 6 percent on Thursday after the lender witnessed a decline in its net interest margin (NIM) for the quarter ended December (Q3FY24). Its NIM for Q3FY24 declined sharply 21 bps QoQ to 3.48 percent. The lender posted an 11.2 percent year-on-year (YoY) rise inRead More →
