Benchmark Sensex closed above the 73,000 level for the first time while broader Nifty scaled the 22,000-point peak on Monday as key stock indices stayed on the record-breaking run. Stocks that were in focus included names like Just Dial, which rose 1.82%, HDFC Life, which declined 3.55%, and Wipro, whose shares jumped 6.37% on Monday. … Read more
In between hectic trading days, equity investors will have room for small breathers with four long weekends scheduled in the first three months of the current calendar year. In January, exchanges will remain closed on January 26 on account of Republic Day, which is falling on Friday. Hence, there will be three consecutive days off … Read more
The week that went by saw bulls having an early Christmas party on Dalal Street, as benchmarks Nifty50 and Sensex clocked their best weekly gains since mid-November. The Sensex rallied more than 1,600 points or 2.4% last week and ended at a record closing high of 71483.75 points on Friday. While the gains were broad-based … Read more
New Delhi: IT major Wipro on Tuesday announced a collaboration with NVIDIA to help healthcare companies accelerate the adoption of generative artificial intelligence (AI). Wipro will leverage NVIDIA’s AI software for enterprises for the production of AI across its current portfolio of healthcare solutions in the affordable care act (ACA), Medicare, and Medicaid, the company … Read more
The market capitalisation of BSE-listed firms reached an all-time high of Rs 315 lakh crore on Monday, helped by strong investor sentiments amid encouraging domestic macroeconomic data and a firm trend in global stocks. The BSE benchmark Sensex climbed 240.98 points, or 0.37 per cent, to settle at 65,628.14. During the day, it rallied 296.75 … Read more
Wipro, part of the IT industry, has been consolidating in a narrow range for the past few weeks and is now trading close to the breakout zone of an inverse head & shoulder pattern on the daily charts. Short-term traders can look to buy the stock now for a possible target of Rs 500 in … Read more
Brokerage firm Investec initiated coverage with a buy rating on Poly Medicure; JPMorgan has a neutral rating on Tata Motors, UBS downgrades Apollo Tyres to neutral and Goldman Sachs initiated a buy on Infosys, LTIMindtree and TCS. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Investec on … Read more
Dalal Street investors weren’t expecting any fireworks in IT companies’ first quarter earnings, but the disappointments were worse than anticipated, as growth hit multi-quarter lows. Frontline IT companies have seen their constant currency revenue growth slow down in the last six quarters, and a majority of them reported just single-digit growth in the June quarter. … Read more
Infosys led Friday’s bloodbath on Dalal Street as the equity market fell like a pack of cards, breaking a four-session record-breaking spree. Infosys shares plunged nearly 10% to the day’s lows of 1,305 following its June quarter earnings on Thursday where it significantly cut its FY24 revenue growth guidance. The last major fall for Infosys … Read more
Taking inspiration from Chandrayaan-3, Nifty50 has skyrocketed into uncharted territory. Amid strong optimism in the market, Nifty50 just scaled the 19,900 mark, but many are eagerly awaiting the next big target – the magical 20,000 figure. In just 15 sessions, the NSE flagship index has rallied nearly 900 points from the 19,000 level, hit on … Read more