Amazon Pay is planning to kick off credit services on the Unified Payments Interface (UPI) platform as part of a deal with the National Payments Corporation of India (NPCI). This initiative aims to enhance customer experience and value propositions, Vikas Bansal of Amazon Pay India told The Financial Express (FE). In February of this year, … Read more
Benchmark indices closed at new lifetime peaks on Friday after the Reserve Bank raised the growth forecast for the current fiscal and kept policy rates unchanged. The 30-share Sensex rose 304 points to settle at 69,825. The broader index Nifty also climbed 68 points to reach a fresh record high of 20,969. Stocks that were … Read more
Hindalco Industries. Share Price 492.65 03:59 PM | 29 Sep 2023 25.80(5.52%) NTPC. Share Price 245.55 03:59 PM | 29 Sep 2023 8.50(3.58%) Hero MotoCorp. Share Price 3057.25 03:59 PM | 29 Sep 2023 87.25(2.93%) Dr. Reddy’s Laboratories. Share Price 5587.00 03:55 PM | 29 Sep 2023 157.90(2.90%) Divi’s Laboratories. Share Price 3765.15 03:57 PM … Read more
Mumbai: Liquidity in the banking system has slipped into its deepest deficit in almost six months, inflating borrowing costs, as outflows due to corporate advance taxes and the Reserve Bank of India’s likely actions to stabilise the rupee have drained lenders of funds. As of September 16, the RBI infused ₹68,785.94 crore into the banking … Read more
Indian market is expected to open higher on Thursday tracking positive global cues. The S&P BSE Sensex rose more than 200 points while the Nifty50 closed above 19400 levels in the previous trading session. India VIX was down by 0.17% from 11.75 to 11.73 levels on Wednesday. Volatility cooled off during the day and comforted … Read more
Vinit Bolinjkar, Head-Equity Research, Ventura Securities, says RBL is definitely a stock to buy. So, irrespective of Mahindra putting money into this stock, we had a buy on this stock at Rs 130 with a target of Rs 260. Today, we are sitting around 210-220 odd levels still a way to go and our estimates … Read more
The record-breaking rally in Nifty may extend to 19,800 levels, said technical analysts. The index closed at an all-time high of 19,564.50 on Friday as foreign portfolio investors stayed bullish on the market. Stocks such as ICICI Bank, National Aluminium, Tech Mahindra, Hindalco, Bajaj Finance, Tata Steel, Infosys, Glenmark, Zee, and Hero Motocorp have formed … 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
Indian market is likely to consolidate on Tuesday tracking mixed global cues. The S&P BSE Sensex rose more than 300 points while the Nifty50 closed just a shade below 18600 levels on Monday. India VIX was up by 3.34% from 11.90 to 12.29 levels on Monday. Volatility was slightly up and thus giving some consolidation … Read more