The derivative lot size for 42 stocks will be decreased, effective from April 26 for expiries in May 2024 and beyond. Key stocks impacted include Adani Ports, Bharti Airtel, BHEL, SBI, and L&T. Also read: FY24 Stock Market Recap: BSE PSU index gains 92%, 37 stocks surge over 100%; checkRead More →
More than four years ago, ICICI Bank, India’s second largest private bank, had crept ahead of SBI, India’s largest bank, in terms of market value. In the past 11 months (10 March 2023 to 7 February 2024), it steadily widened the gap with SBI to a daily average of overRead More →
“The PSU story is synonymous with the India saga, a narration of several micro, albeit, powerful reforms (GST, RERA, JAM, digital infra, physical infra, PLI template, Bankruptcy Act, RBI’s inflation targeting and increasing credibility, etc) – each creating a small delta improvement, but in unison react in unpredictable, positive waysRead More →
Among the top-10 entities, Reliance Industries, Tata Consultancy Services (TCS), LIC, and SBI experienced gains, collectively adding ₹2,18,598.29 crore to their market capitalization. Conversely, HDFC Bank, ICICI Bank, Infosys, Bharti Airtel, Hindustan Unilever, and ITC faced a combined erosion in their valuation amounting to ₹1,06,631.39 crore. The BSE benchmark witnessedRead More →
SBI emerges as second PSU firm to surpass ₹6 lakh crore market cap; check stock price | Mint ₹6 lakh m cap,PSU Banking stocks,Most active stocks today,High volume stocks today,SBI stock hits new all time highs,Top gainers today,Buzzing stocks today,state bank of india news”/> ₹6 lakh mRead 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 →
₹1,210 crore as against ₹1,250 crore in the year-ago period. Meanwhile, its net sales are also likely to rise 1.5% to ₹6,870 crore vs ₹6,770 crore in the same period last year. As per the brokerage, the firm’s US sales are expected to grow 4% YoY to $384 million dueRead More →
Brokerage firm Kotak Institutional Equities, in its latest report, has raised the target price of State Bank of India (SBI) to ₹760, while maintaining the ‘buy’ tag. The brokerage firm has also named SBI as its most preferred stock in the PSU sector. “Given the relative strength of SBI asRead More →
“Volatility” sums up the last two trading sessions at Dalal Street. But given the overbought technical conditions, analysts say this shouldn’t be surprising. The Nifty 50 finished Tuesday at 21,665.80, down 76 points, or 0.35%, while the Sensex closed 379 points, or 0.53%, lower at 71,892.48. “Exciting news! Mint isRead More →
On December 1, the Sensex ended 492.75 points, or 0.74%, higher at 67,481.19, while the Nifty 50 rose 134.75 points, or 0.67%, to settle at 20,267.90. The Nifty Midcap 100 index closed 1.10% higher at 43,382.40 and the Nifty Smallcap 100 index closed 0.48% higher at 14,239.30. Stock market strategyRead More →
