The first six months of 2022 have proved volatile for domestic equity markets. Benchmarks Sensex and Nifty have registered double-digit cuts, while indices used to track second rung counters are down up to 17 per cent so far this year. According to the data from AceEquity, 392 stocks out of the BSE 500 index have … Read more
Bank, part of the private sector banking space, has fallen over 30 per cent from its October 2021 highs firmly placing the stock in a bear grip and chart patterns suggest that the pressure is likely to continue. The stock with a market capitalisation of more than Rs 63,000 crore hit a 52-week high of … Read more
It turned out to be a painful week for the investors on Dalal Street as the benchmark index Sensex lost 2,943 points. The broader Nifty50, which ended below the 15,300 mark, is now just 411 points away from entering the bear zone officially. Data shows that it was the worst week for the Nifty in … Read more
Strategic investments, especially mergers and acquisitions, have become the new fad in India as companies with deep pockets shell out huge amounts to pursue inorganic growth. This frenzy is witnessed across sectors, with recent major investments seen from paints & cement to media & entertainment, from transport logistics to pharma. The aim is to be … Read more
NEW DELHI – Domestic equity markets suffered a sharp decline in the week gone by as mounting concerns over high inflation both home and abroad stoked speculation of aggressive rate increases by central banks. The week gone by was a volatile one for stock markets as the Reserve Bank of India (RBI) announced a 50-basis-point … Read more
Macquarie said worries over demand in the IT sector are overdone and all tier-I IT companies are trading in attractive territory after the recent fall in the sector. The brokerage’s optimistic forecast comes soon after recent downgrades of frontline IT stocks by Nomura and JP Morgan. Macquarie has upgraded to outperform and rated and as … Read more
NEW DELHI: , and L&T Technology Services are among six top BSE500 stocks (excluding banking and financials), which saw improvement in profit after tax (PAT) margin over the last four successive quarters. Data showed five out of these six stocks also outperformed the BSE Sensex in the last one year. Analyst estimates on five of … Read more
New Delhi: IT stocks have been reeling under pressure following the sharp outflows of global investors, which have pulled out close to Rs 1.65 lakh crore from the Indian equity markets in the current year. Majority of the IT players have missed the consensus growth expectations and the margin outlook has been moderate. BSE IT … Read more
NEW DELHI: Business growth of all companies is contingent upon how much new orders they can get. In that way seems to be doing quite well, and investors are taking note of the fact too. Patel Engineering announced that it has bagged a Rs 2,461 crore contract for the works of “construction of diversion tunnel, … Read more
Mumbai: The Reserve Bank of India (RBI) and the Securities and Exchange Board of India (Sebi) are exploring the possibility of synchronising trading time for all markets – stocks, bonds, currency and commodities, two people with knowledge of the matter said. The aim is to ensure ease of operations for investors betting across asset classes … Read more