The combined market valuation of seven of the top-10 most valued firms eroded by Rs 88,635.28 crore in a holiday-shortened last week, with Bharti Airtel and Tata Consultancy Services taking the biggest hit, in line with the weak trend in equities. In a holiday-shortened last week, the BSE benchmark tanked 722.43 points or 0.86 per … Read more
Indian equities posted modest gains in Samvat 2081 after a strong rally in the previous year, which took the markets to new highs in September 2024. Since then, volatility returned as high valuations, mixed corporate results, and global uncertainty — including the impact of Trump’s tariff moves — led to foreign investor selling. However, steady … Read more
Bajaj Finance delivered a strong operational performance in the second quarter of FY26, posting a 24% year-on-year (YoY) jump in Assets Under Management (AUM) to approximately Rs 4,62,250 crore, up from Rs 3,73,924 crore as of 30 September 2024. The company’s deposit book expanded by 5.4% to around Rs 69,750 crore, compared to Rs 66,131 … Read more
India’s growth outlook continues to draw optimism. Yet, Garima Kapoor, Sr VP, Elara Capital, believes the Reserve Bank of India (RBI) will tread cautiously in its upcoming monetary policy. “I assess that RBI would like to wait out to actually see how the festive season pans out and also to assess the impact of tariffs,” … Read more
De also recommends ‘Buy’ on Bajaj Finance around Rs 980, with a target of Rs 1,050 and stop loss at Rs 944. The stock, currently trading at Rs 1,003.25, has staged a strong recovery from August lows of Rs 850 and is comfortably above its 21-EMA. However, De cautioned that RSI above 80 reflects overbought … Read more
The combined market valuation of seven of the top-10 most valued firms jumped Rs 1,06,250.95 crore last week, with Bajaj Finance and Reliance Industries emerging as the biggest gainers, in line with an optimistic trend in equities. Last week, the BSE benchmark jumped 901.11 points, or 1.12 per cent, and the Nifty climbed 314.15 points, … Read more
Over the five trading sessions ending September 5, the Sensex rose by about 1.1%, adding 901 points to close at 80,710. The benchmark index finished in the green on three out of those five days. Notably, during this market uptrend, 10 stocks from the BSE 200 index posted gains in each of the five sessions. … Read more
Mumbai: India’s stock indices ended marginally higher on Thursday, giving up most of the early gains that were fuelled by the overhaul of the country’s goods and services tax (GST) late Wednesday. The indirect tax revamp is aimed at boosting consumption and simplifying compliance to boost growth and cushion the economy from the impact of … Read more
Railway and defence stocks staged a rebound in Tuesday’s trade, sparking debate over whether the bounce was sustainable or merely a technical blip. Market experts noted that valuations in these pockets remain elevated, but recent corrections have opened selective opportunities. Narendra Solanki, Head of Equity Research at Anand Rathi Shares & Stock Brokers, told ET … Read more
The combined market valuation of five of the top-10 most valued firms increased by Rs 60,675.94 crore last week, with State Bank of India and HDFC Bank emerging as the lead gainers in line with a positive trend in equities. In a holiday-shortened last week, Sensex climbed 739.87 points or 0.92 per cent, and the … Read more