Mumbai: Shares of most companies in the power space are at all-time highs helped by the recent uptick in demand, an improvement in pricing trends, and pick-up in industrial demand. Shares of Torrent Power, NTPC and Power Finance Corp hit their lifetime highs on Wednesday, while REC hit its lifetime high earlier this month. Renewable … Read more
Nine new stocks will be part of the MSCI India Index as the rejig comes into effect from Thursday. These stocks are IndusInd Bank, Suzlon Energy, Persistent Systems, APL Apollo, Polycab, Macrotech Developers, Tata Motors A, One 97 Communications (Paytm), Tata Communications. Moreover, seven stocks viz. Zomato, Hindustan Aeronautics (HAL), Jio Financial Services, Vedanta, PFC, … Read more
Feroze Azeez, Dy CEO, Anand Rathi Wealth, says “smallcap stocks are the bottom 250 stocks of NSE 500 as per SEBI’s definition for a mutual fund investor. Putting 250 companies in one judgment itself is fundamentally incorrect. The smallest stock in the smallcap index is a Rs 3,200-crore market cap company and the largest one … Read more
Samvat 2079 has been a good year for small and mid cap stocks as equity markets navigated the highs and lows of interest rate uncertainties and geopolitical tensions. The smallcap indexes have surged over 30% during this period, compared with 9% gain in benchmark Sensex. Since last Diwali, as many as 172 smallcap stocks at … Read more
Indian equity indices closed in the red on Wednesday, tracking muted global cues. The S&P BSE Sensex fell more than 550 points while the Nifty50 closed below 19700 levels. Sectorally, buying was seen in healthcare and auto stocks while power, banks, the public sector, and utilities sectors saw some selling pressure. Stocks that were in … Read more
While smallcap funds got a lion’s share of the total inflows that the mutual fund industry saw in FY24 so far, the second in the list are midcap funds. The mutual fund industry saw about 19% of the total inflows coming into midcap funds in the said period. If we were to look at the … Read more
Tata Steel Share Price 122.10 03:59 PM | 30 Aug 2023 2.55(2.13%) Maruti Suzuki Share Price 9796.40 03:57 PM | 30 Aug 2023 175.15(1.82%) Eicher Motors Share Price 3405.75 03:59 PM | 30 Aug 2023 50.40(1.50%) Mahindra & Mahindra Share Price 1583.20 03:59 PM | 30 Aug 2023 22.35(1.43%) Infosys Share Price 1435.15 03:59 PM … Read more
Renewable energy solution provider Suzlon Energy hit a 5% upper circuit and 52-week high at Rs 23 in Monday’s trade on BSE after the firm announced a significantly large new order acquisition for its 3 MW series of wind turbines from Teq Green Power XI Private Limited, part of O2 Power Private Limited. “Suzlon will … Read more
Indian equities, ahead of the crucial RBI policy outcome on Thursday, ended on a positive note. The Nifty settled at 19,633, up 62 points, while the Sensex added 149 points, settling at 65,996. Sectorally, the trend was mixed with metal and media emerging as top gainers, while realty was the laggard. Here’s how analysts interpret … Read more
Equity benchmark indices Sensex and Nifty fell by 1% on Wednesday on weak global market trends and continuous foreign fund outflows. Fitch Ratings has downgraded the United States government’s credit rating, citing rising debt at the federal, state, and local levels and a “steady deterioration in standards of governance” over the past two decades. The … Read more