The NSE’s semi-annual index rejig is set to take effect on Thursday, March 27, and it’s expected to trigger major shifts in stock flows as it coincides with the monthly derivatives expiry. According to Nuvama Alternative & Quantitative Research, this rejig will impact passive fund flows, with notable changes seen in the Nifty Next 50 … Read more
भारतीय रेलवे ने होली के लिए स्पेशल ट्रेन का ऐलान कर दिया है. यह स्पेशल ट्रेनें सेंट्रल रेलवे की ओर से संचालित की जाएंगी. स्पेशल ट्रेन अलग-अलग रूट के लिए चलेंगी. यह ट्रेन मुंबई-नागपुर और नागपुर से पुणे के लिए चलाई जाएंगी. आइए जानते हैं इन ट्रेनों की टाइमिंग और पूरा शेड्यूल… 1. सीएसएमटी-नागपुर-सीएसएमटी सप्ताहिक … Read more
Indian frontline indices ended the week with 2.3% cuts amid selling pressure in most sectors, primarily in banks, auto and pharma. On Friday too, they ended lower. While the S&P BSE Sensex settled at 77,378.91, down by 241.30 points or 241.30%, the broader Nifty closed at 23,431.50, lower by 95 points or 0.4%. Commenting on … Read more
Sanjay Kumar Jain, Chairman & MD, IRCTC, says IRCTC is running 48 Vande Bharat trains out of 117 prepaid trains. So, the majority of the prepaid trains earnings come from Vande Bharat train at the moment. Also, e-catering is growing very fast. The numbers are not very high at the moment, but the growth is … Read more
With the dollar index and US 10-year bond yields on the rise, along with increasing crude prices and geopolitical tensions, analysts advise a cautious approach. They advise investors to refrain from chasing buying opportunities at elevated levels and suggest booking profits on any bounceback. ICICI Bank, Reliance Industries, Mahindra & Mahindra, Eicher Motors, SAIL, IRCTC, … Read more
Nifty Bank, which hit a fresh lifetime high above 49,000 last week, has given an average return of 5% during the March quarter earnings season 7 out of 10 times in the last 10 years, says Anand James, Chief Market Strategist, Geojit Financial Services. Edited excerpts from a chat with James on the market outlook … Read more
The Indian Railway Catering and Tourism Corporation (IRCTC) will operate ‘Bharat Gaurav’ tourist train as part of the ‘Punya Kshetra Yatra’ package to Puri, Kasi and Ayodhya from April 6 to 15. The 10-day pilgrimage tour will cover Puri, Konark, Gaya, Varanasi, Ayodhya and Prayagraj. The tourist train will start from Secunderabad station and have … Read more
It was a negative start to the week for the Indian markets as Nifty formed a strong bearish engulfing candlestick on the daily charts. This correction is on the expected lines as Nifty was at significantly higher levels than its 50-day mean price. In addition, the uncertainty around the corporate earrings may also play a … Read more
After gaining an average of 14% this week and more than 30% in the last one month, railway stocks may now come under some profit booking pressure. “4 out of 5 major railway stocks like RVNL, IRFC, IRCTC and Railtel are overbought with RSI above 75. Even though the outlook for these stocks remains bullish, … Read more
Shares of IRCTC rose over 5% to Rs 680 in Friday’s trade on BSE after the company on Wednesday reported its June quarter revenue above estimated. Its revenue from operations during the quarter jumped 17% year-on-year (YoY) to Rs 1,002 crore. The same stood at Rs 853 crore in the same quarter last year. However, … Read more