Business

The coming week is going to be crucial as investors will be watching for Gross Domestic Product (GDP) growth rate data for Q2FY23 to be out on November 30 for further cues on the country’s economic situation. India's economy grew by 13.5…

Nifty on Friday settled above the 18,500 level. It formed a Bullish Engulfing candle on the weekly chart. The 50-pack index is trading close to the overbought zone as per the 14-day RSI and analysts believe the level of 18,605 may act as a…

Nifty Bank made a weekly high of 43,339.15 and eventually ended the week at 42983.95. The banking index has closed above the previous week's closing, with a 1.29 per cent gain. On the weekly chart, the index is sustaining above the 21-DMA…

Indian equity benchmarks regained the lost ground by recapturing positive momentum after a week of halt boosted by an advance in global risk assets after Federal Reserve meeting minutes showed support for smaller rate hikes from now on.…

The open offer by Adani Group for acquiring equity shares of New Delhi Television Limited (NDTV) is seeing a steady inflow of shares on a daily basis with a total of 39.35 lakh equity shares already been tendered till Friday. This…

Indian equity market ended at record highs on Friday, rising for the fourth straight session, led by buying in index majors Reliance Industries, Wipro and Maruti. Sensex climbed 20.96 points to end at 62,293.64, its fresh record closing…

Shares of Hariom Pipe Industries hit their all-time high today after the company completed the set up of 15 tonne electric melting furnace. The commercial production for the same will commence from Friday, November 25, 2022. The functioning…

Shares of Keystone Realtors rose nearly 7% today after Plutus Wealth Management purchased 17.1 lakh shares or 1.5% stake in the Rustomjee Group company at an average price of Rs 555.03 per share  on NSE. The transaction was worth Rs 94.91…

Shares of Indian Energy Exchange (IEX) gained 3 per cent in Friday's trade ahead of the company's board meet to consider a share buyback plan. Brokerage Prabhudas Lilladher (PL) sees strong momentum on the stock and expects IEX shares to…

Shares of Astral Ltd took less than three months to move from their 52-week low to 52-week high this year. The stock which hit a 52-week low of Rs 1,584 on June 20, 2022 touched a yearly high of Rs 2654 on September 9, 2022, translating…

At least five BSE-listed stocks have zoomed up to 526 per cent in 2022 so far after falling anywhere between 50 per cent and 80 per cent in 2021, data compiled from corporate database AceEquity suggests. Three of these five stocks namely…

Market veteran Shyam Sekhar says most DIY (do it yourself) investors end up losing money as they prefer trading over investing; they participate blindly in 'IPO lotteries';  and they sell winning stocks while clinging on to losers. These…

Nuvama Institutional Equities said if Bisleri acquisition goes through, it will be a right fit at right price for Tata Consumer Products (TCPL). Nuvama estimated Bisleri’ s FY23 revenues at Rs 2,500 crore and profit after tax at Rs 220…

Kotak Institutional Equities said if the recent IRDA proposals are implemented, one would have more clarity on the commissions received by PB Fintech (Policybazaar) from its insurance partners, which are currently booked under various…

A host of smallcap stocks such as PVR, Laurus Labs,  Indian Hotels & Man Infraconstruction were up 2-3 per cent in Friday's trade on company-specific developments. PVR rose as the multiplex owner opened its first 12-screen superplex in…

Shares of One 97 Communications (Paytm) jumped 3 per cent in Friday's trade, snapping a four-day losing streak. The scrip that hit an all-time low of Rs 439.60 in the previous session staged a recovery, rising 4.7 per cent to hit a high of…

Stocks to watch Posted by :- prashun talukdar Biocon: Biocon Biologics has allotted equity shares worth Rs 2,205.63 crore to parent company Biocon. Its stake in Biocon Biologics will be 88.85 per cent post allotment of shares.   Veranda…

Capital markets regulator Sebi on Thursday barred Heaven Research Security Advisory (HRSA) and its proprietor from securities markets for six months for providing investment advisory services without authorisation. According to a Sebi…

The Securities and Exchange Board of India (SEBI) may ask companies to allot bonus and split shares to shareholders within a defined period of time, said a report on Thursday. The Moneycontrol report comes at a time when Nykaa issued bonus…

PB Fintech, whose shares jumped 8 per cent on Thursday, saw WF Asian Smaller Companies Fund buying Rs 134 crore worth of company shares in a bulk deal, data available with BSE suggested. Data showed WF Asian Smaller Companies Fund  bought…

Investors across the globe recently shunned loss-making companies amid a deteriorating macroeconomic environment. This feedback, said JM Financial, has been well received by the company managements and that Indian internet companies not…

Shares of PB Fintech, Policybazaar's parent, staged a sharp rebound on Thursday after sliding in the previous two sessions. The stock surged as much as 11.77 per cent to hit a day high of Rs 447.80 from its previous close of Rs 400.65. It…

The Indian market closed at its record high witnessing an across-the-board rally today. Sensex closed 762.10 points or 1.24% higher at 62,272 . During the day, the index zoomed to an all-time high of 62,412.33. Nifty rose 216.85 points or…

Shares of Rail Vikas Nigam Ltd (RVNL) hit all-time high amid a rally in broader markets today.  RVNL stock gained 9.58% intraday to Rs 69.8 against the previous close of Rs 63.70 on BSE. Stock of Rail Vikas Nigam has gained 20% in the last…

Foreign brokerage Citi on Thursday said while overhanging risks for One 97 Communications (Paytm) such as competition and selling by existing pre-IPO shareholders stay, such risks look overdone at the prevailing valuations. Even as Paytm…

Shares of One 97 Communications (Paytm) rose 3 per cent on Thursday morning, only to take a U-turn as the session progressed. At last count, the scrip was down for the fourth straight session. While a host of foreign brokerages have price…

Shares of Avanti Feeds rose nearly 10% today amid a rally in the broader markets. Avanti Feeds stock surged 9.87% to Rs 401.45 against the previous close of Rs 365.40 on BSE. Stock of Avanti Feeds has surged after four days of fall.…

Bernstein, which has initiated coverage of India's financials this week, prefers HDFC Bank over private lenders such as ICICI Bank and Kotak Mahindra Bank. In its latest note, the brokerage said it rates HDFC Bank, Axis Bank and SBI as…

Asian shares mostly tracked Wall Street higher on Thursday while a sell-off in the US dollar was extended, as markets reacted to the possibility of the US Federal Reserve soon slowing its pace of interest rate hikes. European markets,…

Shares of Bikaji Foods climbed 10 per cent in Thursday's trade to take its three-day winning run to 22 per cent. The stock of ethnic snacks maker rose 10 per cent to hit  new high of Rs 379.55 apiece on BSE. A total of 13.71 lakh shares…