The broader NSE benchmark Nifty advanced further to settle at an all-time high for the third straight session on Friday, while the BSE gauge Sensex retreated from the record to slip below the 80,000 mark. Stocks that were in focus include names like Raymond, which rose 10%, RBL Bank, which fell 1.28%, and AstraZeneca India, … Read more
The Indian market witnessed marginal decline in profit-booking on Monday amid mixed cues. The S&P BSE Sensex fell over 200 points while the Nifty50 was down more than 30 points to close at 23,259. Sectorally, selling was seen in metal, oil & gas and IT stocks while buying was seen in realty, utilities, telecom and … Read more
With the earnings season nearing the end, more than 500 companies are scheduled to release the earnings for the quarter and half-year ended September on Wednesday. The big ones to watch out for will be United Spirits, Lupin, Oil India, Mazagon Dock Shipbuilders, Bharat Heavy Electricals, Pidilite Industries, Tata Power Co, and Patanjali Foods. The … Read more
TAQA Looks to Bet Big on Adani’s Power Biz Abu Dhabi National Energy Co. PJSC (TAQA) is looking to double down on India and is evaluating a large exposure in the expansive power businesses of Gautam Adani that span thermal generation to transmission, clean energy and green hydrogen, said people aware of the matter. Big … Read more
Rating agency Fitch on Tuesday downgraded the U.S. government’s top credit rating, a move that drew an angry response from the White House and surprised investors, coming despite the resolution of the debt ceiling crisis two months ago. Fitch downgraded the United States to AA+ from AAA, citing fiscal deterioration over the next three years … Read more
On the heels of a trip to Beijing, U.S. Treasury Secretary Janet Yellen is back in India for the third time in nine months, this time to meet finance ministers from the Group of 20 nations about global economic challenges like the increased threat of debt defaults facing low-income countries. Yellen will use her time … Read more
Recovering from a significant market downturn is a testament to a company’s resilience and ability to bounce back. The Nifty Smallcap100 stocks have witnessed impressive recoveries from their 52-week lows, showcasing their potential for growth and investor confidence. Among them, KEI Industries, Raymond, Cyient, Tanla Platforms, Jindal Stainless, RBL Bank, Kalyan Jewellers, and Suzlon Energy … Read more
In the last three months of strong gains in markets, it is the stocks in the broader market that are partying hard as is visible in their performances. This also reflects in the traction that mutual funds have seen in their midcap and smallcap funds. Among the top 25 schemes by assets under management (AUM), … Read more
Lupin, Apollo Tyres, Westlife, Raymond and Nazara are going to announce their March quarter results on Tuesday. Here’s a brief preview of what the companies might report in the fourth quarter. Lupin Kotak Institutional Equities expects Lupin to report $175 mn US sales in the fourth quarter, tad lower than the preceding quarter due to … Read more
Indian market closed in the green for the sixth day in a row on Thursday following positive global cues. The S&P BSE Sensex rose more than 300 points while Nifty50 closed above 17900 levels. Sectorally, buying was seen in realty, telecom, IT, auto, and metals while selling was visible in power, and infra stocks. Stocks … Read more