Business

Mutual funds as an institutional investor category had cut stakes in four Adani group shares in February namely Adani Enterprises, Adani Total Gas, Adani Ports & SEZ (Adani Ports) and Ambuja Cements, but the four stocks delivered up to…

Domestic stock indices are likely to open higher on Tuesday, tracking an overnight jump in US stocks. Wall Street shares rose overnight as concerns over the banking sector crisis eased. Asian stocks also started Tuesday’s session with…

Shares of Aarti Drugs staged a sharp recovery on Monday after hitting their 52-week low level. The stock settled 20 per cent higher at Rs 380.30 over its previous close of Rs 316.95. Before the sharp rebound in share price, the scrip fell…

Shares of Reliance Industries (RIL) fell for the eighth straight session on Monday to eventually settle a tad above Rs 2,200 level. Jefferies in a note said that the oil-to-telecom major has corrected steeply since November, bringing…

Indian equity benchmarks settled lower on Monday amid a highly volatile trading session. The domestic indices were dragged by metals, technology, automobile, financial services and banks. The 30-share BSE Sensex pack dived 361 points or…

Nifty Bank made an intra-week high of 40,690.05, before eventually settling last week at 39,598.10. The index was down 2.19 per cent for the week.  On the weekly chart, Nifty Bank formed a bearish candle;  it failed to close above 20- and…

Shares of Infosys dropped in Monday's trade, after halting their seven-day fall in the previous session. The stock slipped 2.47 per cent to hit a day low of Rs 1,385.70 over its previous close of Rs 1,420.85. At today's low price of Rs…

Shares of Gravita India, one of the largest lead recyclers in India with a market share of 18-19 per cent in the organised lead recycling market, offer good entry point to long-term investors after the recent sharp fall, said domestic…

Domestic brokerage firms including Axis Securities and ICICI Securities believe that select stocks including DLF, APL Apollo Tubes, NCC, SBI Cards and Payment Services and Page Industries can deliver up to 22 per cent return in the near…

Indian equity benchmarks fell sharply in afternoon deals on Monday, dragged by metal, technology, banks and financials. The BSE Sensex slumped over 900 points while the NSE barometer Nifty hit the sub-16,850 level. At 1:20 pm, the 30-pack…

Maiden Forgings will launch its initial public offering (IPO) on Thursday, March 23, 2023, as the company is looking to raise Rs 23.84 crore via primary markets. The issue can be subscribed till Monday, March 27, 2023.Maiden Forgings'…

Despite the ongoing weakness in the domestic equity market, as many as 44 stocks in the BSE 500 index have still managed to deliver double-digit returns to investors in the ongoing calendar year. The benchmark equity index BSE Sensex…

Domestic brokerage firms including SMC Global and Ashika Stock Broking are positive on select largecap stocks across the various sectors, despite the volatility in the broader markets. Analysts expect up to 14 per cent in these stocks.The…

Troubled Credit Suisse has got a buyer. UBS, a bigger rival, is acquiring the swiss bank for nearly $3.25 billion -- a deal brokered by the Swiss regulators in a bid to minimise turmoil in the global banking system. Analysts noted that…

Amid the Adani-Hindenberg row, National Stock Exchange (NSE) issued a statement about its surveillance actions recently. The leading stock exchange asserted that its surveillance mechanism on all individual stocks is completely transparent…

Shares of Adani Green Energy and Adani Ports & SEZ would be in focus in Monday's trade amid a media report that suggested Gautam Adani-led Adani group is looking to refinance $1.15 billion of overseas-listed bonds at two group firms,…

Adani Enterprises, Adani Ports & SEZ and other group shares such as Adani Transmission, Adani Total Gas and Adani Power will be in focus in Monday's session amid a PTI report that suggested the Adani Group has suspended work on a Rs…

Financial markets were poised for relief on Monday after UBS Group AG agreed to buy Credit Suisse Group AG in a rescue orchestrated by the state, while major central banks announced a co-ordinated move to shore up liquidity in the financial…

After the Paytm's IPO fiasco, Sebi has turned cautious while giving clearance to the initial share sales as it has returned the preliminary papers of half a dozen companies, including Oravel Stays, which operates hospitality chain OYO, in…

This week, investors will be looking for the major macroeconomic data, including the foreign exchange reserves data, to be out on March 24. Forex reserves in India increased to $562.4 billion in the week ended March 3, 2023, from $560.94…

The risk-reward for Reliance Industries (RIL) shares look attractive, even as analysts believe near-term catalysts for the stock are missing. Data showed FII ownership in the oil-to-telecom major hit a six-year low of 23.48 per cent in the…

U.S. Federal Reserve Chair Jerome Powell addresses reporters after the Fed raised its target interest rate by a quarter of a percentage point, during a news conference at the Federal Reserve Building in Washington, February 1, 2023.Jonathan…

The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved for listing of Indian Renewable Energy Development Agency Ltd (IREDA) on the stock exchanges through an Initial Public Offer (IPO). The…

The Securities Appellate Tribunal (SAT) on Friday reserved its order on an appeal filed by actor Arshad Warsi and others against an interim order that bars him and 31 others from the securities markets in connection with a YouTube-run share…

Shares of Bajaj Finance settled slightly higher on Friday, pausing their downward trend of seven consecutive sessions. The stock crawled 0.27 per cent to close at Rs 5,732.80 over its previous close of Rs 5,717.20. The scrip has lost 9.84…

Eris Lifesciences, despite hitting a 52-week low on Friday, is likely to be headed for a strong upside after the recent acquisition, suggests a number of brokerage firms. The pharma company announced the acquisition of nine dermatology…

Indian equity benchmarks on Friday extended their upward run for the second straight session amid positive global cues. Global equities rebounded sharply after a slew of measures to taken support the global banking system eased worries…

Shares of KPIT Technologies rose sharply in Friday's trade to hit their one-year high level. The stock jumped 7.78 per cent to hit a day high -- also its 52-week high -- of Rs 878.80 against a previous close of Rs 815.35. The stock has…

Shares of Rail Vikas Nigam Ltd (RVNL) have rallied 86% in the last six months, breaking out from the consolidation zone of nearly five years. RVNL stock rose from Rs 34.15 on September 19, 2022 to Rs 64.58 today. However, the public…

Brent oil prices have fallen below $75 a barrel mark on oil demand concerns after the recent failure of a large US bank has raised fears of a contagion affect and a financial crisis in the US. A fall in crude oil prices is positive for oil…