Mcap of 8 of top-10 valued firms jumps Rs 3.28 lakh cr; TCS, HUL, Reliance lead winners

Mcap of 8 of top-10 valued firms jumps Rs 3.28 lakh cr; TCS, HUL, Reliance lead winners

Eight of the 10 most valued domestic firms together added Rs 3.28 lakh crore to their market valuation last week, with blue-chips Tata Consultancy Services, Hindustan Unilever and Reliance Industries emerging as the biggest winners. In an eventful week, the BSE benchmark jumped 2,732.05 points or 3.69 per cent. The 30-share BSE Sensex jumped 1,720.8 … Read more

18 long-term investment ideas by SBI Securities post March quarter results – Portfolio Picks

18 long-term investment ideas by SBI Securities post March quarter results – Portfolio Picks

The capital appreciation story in the equity market is currently positive, largely driven by the results of the general election. SBI Securities provides insights into the recently concluded quarterly results season and recommends that investors take a diversified approach, focusing on the best-performing businesses across 12 sectors. The domestic brokerage firm has prioritized stocks with … Read more

Sebi warns ICICI Bank over outreach for ICICI Securities delisting

Sebi warns ICICI Bank over outreach for ICICI Securities delisting

Market regulator Securities and Exchange Board of India (Sebi) has issued a warning to ICICI Bank on the outreach undertaken by the lender regarding the delisting of ICICI Securities. The regulator said the outreach programme was done with the objective of maximising participation in the voting process. “The outreach was done in face of a … Read more

RIL investors suffer Rs 1.27 lakh crore loss as stock ends 7.5% lower

RIL investors suffer Rs 1.27 lakh crore loss as stock ends 7.5% lower

About Rs 1.27 lakh crore was wiped off of Reliance Industries Ltd‘s (RIL) investors as shares of the company ended 7.5% lower on BSE today as poll counting estimates showed that Prime Minister Narendra Modi-led NDA alliance was not likely to score as much as exit polls had predicted in the 2024 Lok Sabha elections. … Read more

India VIX jumps 40%, registers highest single-day gain in 9 years

India VIX jumps 40%, registers highest single-day gain in 9 years

Fear index India VIX witnessed its highest single-day gain in 9 years, jumping nearly 40% on intraday basis to the day’s high of 28.62. The gains were seen after counting trends showed a strong fight back by the India Alliance though BJP-led NDA still managed to cross the majority mark. India VIX had settled at … Read more

Expect 15-18% upside in Sun Pharma over medium to long term: Hemang Jani

Expect 15-18% upside in Sun Pharma over medium to long term: Hemang Jani

“I do not think the market is bracing for any kind of negative surprise at this point of time. And we do think that given the earnings that we have seen so far and the fact that we have underperformed US markets, there is a scope for some sort of an outperformance once the event … Read more

Technical Breakout Stocks: How to trade Supreme Industries, Aegis Logistics and ICICI Bank on Tuesday

Technical Breakout Stocks: How to trade Supreme Industries, Aegis Logistics and ICICI Bank on Tuesday

The Indian market rallied nearly 1% on Monday, tracking positive global cues. The S&P BSE Sensex rose over 900 points while the Nifty50 closed with gains of over 200 points. Sectoraly, buying was seen in utilities, public sector and banks while realty stocks saw selling pressure. Stocks that were in focus include names like Supreme … Read more

Deposit growth improves at private banks in Q4, but at higher costs

Deposit growth improves at private banks in Q4, but at higher costs

On a sequential basis, HDFC Bank, ICICI Bank, and Axis Bank reported a faster growth in deposits for the March quarter compared with the credit growth while IndusInd Bank and Yes Bank showed marginally lower growth in deposits than advances. Synopsis While these lenders were able to increase deposits at a faster clip during the … Read more

Technical Breakout Stocks: How to trade Havells India, Concor and ICICI Bank on Monday?

Technical Breakout Stocks: How to trade Havells India, Concor and ICICI Bank on Monday?

Indian market snapped 5-day winning streak on Friday to close in the red tracking muted global cues. The S&P BSE Sensex fell more than 600 points while the Nifty50 managed to hold on to 22,400 levels. Sectorally, buying was seen in healthcare, realty, public sector and consumer durable while selling was seen in capital goods, … Read more

Minority shareholders of ICICI Securities file lawsuit against delisting move

Minority shareholders of ICICI Securities file lawsuit against delisting move

Minority shareholders of ICICI Securities led by Bengaluru-based investment manager Manu Rishi Guptha have filed a class action suit with National Company Law Tribunal (NCLT) against ICICI Bank‘s bid to delist its broking arm from the Indian bourses. Last month, nearly 72% shareholders approved the scheme of arrangement for the merger of ICICI Securities with … Read more