Business

JM Financial has initiated coverage on Adani Ports & SEZ with a 'buy' rating and a March 2024 target price of Rs 800, suggesting a potential 36 per cent upside over the prevailing price. The domestic brokerage said it expects Adani…

A Target department store on June 07, 2022 in Miami, Florida. Target announced that it expects profits will take a short-term hit, as it marks down unwanted items, cancels orders and takes aggressive steps to get rid of extra inventory.Joe…

Shares of Vedanta Ltd plunged 6 per cent in Tuesday's trade, taking their losing run to the eight straight session. The stock fell amid a Business Today Television report that suggested the Centre was upset about Vedanta's proposal to sell…

Bears continued to dominate Dalal Street as domestic equity markets kicked off the week on a sombre note on Monday. The 30-share pack BSE Sensex declined 175.88 points or 0.30 per cent, to 59,288.35 and Nifty50 shed 73.10 points, or 0.42…

February is a seasonally weak month for most auto dealers and analysts noted that there was a slight slowdown in enquiry level, but the retail sales are expected to grow at 8-12 per cent YoY across auto segments. Driven by a healthy uptick…

US stocks eked out a slight gain on Monday as investors engaged in some bargain hunting after last week's losses, the biggest percentage declines of 2023 for Wall Street's main benchmarks, as jitters persisted about coming interest rate…

Zoom CEO Eric Yuan speaks before the Nasdaq opening bell ceremony in New York on April 18, 2019.Kena Betancur | Getty ImagesZoom shares climbed 8% in extended trading on Monday after the video chat company reported fiscal fourth-quarter…

Shares of Bata India Ltd hit a fresh 52-week low amid negative sentiment in the broader market today. The footwear stock hit an intraday low of Rs 1382.95, down 2.72 per cent today. Later, the stock closed 2.05% lower at Rs 1392.50 on BSE.…

Shares of Adani Wilmar Ltd fell sharply on Monday, extending their fall for the sixth straight session. The stock slumped 5 per cent to settle at its lower circuit level of Rs 344.20 over a previous close of Rs 362.30. The counter has…

HIGHLIGHTS Nifty India Sovereign Green Bond indices are first of its kind as they seek to capture the performance of Indian Sovereign Green Bonds that finance green infrastructure The proceeds from Sovereign Green Bonds will be deployed…

Shares of One 97 Communications Ltd, Paytm's parent, rose on Monday amid heavy volumes. The stock climbed 5.14 per cent to hit an intraday high of Rs 655.30 over its previous close of Rs 623.25. The scrip cut most of its gains and…

Bears continued to dominate Dalal Street as domestic equity markets kicked off the week on a sombre note on Monday. However, the benchmark indices recouped some losses at the fag-end of the sessions but could not end the day in green on the…

Mirae Asset Ltd reported over 1 million trades in a single day on m.Stock, its online retail stock-broking platform, the global financial services group said on Monday. Launched in April last year, m.Stock said it has registered significant…

With the steep fall in the Adani group of companies since January 24, 2023, valuations of the entire 10-listed group companies namely Adani Total Gas, Adani Green Energy Ltd, Adani Transmission Ltd, Adani Enterprises Ltd, Adani Wilmar Ltd,…

Shares of IT major Wipro Ltd have delivered flat returns this year, trading near Rs 400 mark for a majority of sessions. However, the IT stock has lost 30% during a year. Wipro stock, which closed at Rs 392.80 on December 30, 2022 was…

Shares of Life Insurance Corporation of India Ltd slipped 3.19 per cent to hit their 52-week low level of Rs 566 in Monday's trade against a previous close of Rs 584.65. The stock extended its fall for the seventh consecutive session. The…

Ashwani Gujral, a known technical analyst and stock market commentator, passed away on Monday. He was 52. As per a media report, the funeral service for Gujral will take place at the Green Park crematorium, Delhi from 2:30 PM onwards. …

Shares of Mphasis Ltd fell over 8% today after US based brokerage Citi projected a 22% slide for the stock and maintained its sell call for the IT services and consulting company. Mphasis shares slipped 8.02% intraday to Rs 2025.2 against…

Shares of SpiceJet Ltd climbed 6 per cent in Monday's trade after the domestic airline operator announced a slump sale of its cargo business undertaking SpiceXpress and Logistics. The aviation company also announced its intention to come…

Alibaba group's affiliate Ant Group and Japan's SoftBank Group Corp may offload stakes in One97 Communications (Paytm) in the open market after talks with Bharti Airtel failed, the ET reported on Monday. A Bloomberg report had earlier…

Shares of Adani Ports Ltd and Special Economic Zone Limited rose 2 per cent in Monday's trade, taking its winning run to the third straight day. The largest integrated domestic transport utility said it crossed 300 million metric tonnes of…

The market capitalisation (m-cap) of 10 Adani group companies have fallen below Rs 7 lakh crore mark in Monday's trade, thanks to persistent selling pressure in key names including Adani Total Gas, Adani Enterprises, Adani Green Energy Ltd…

Equity benchmarks ended lower on Friday, extending their losing run to the sixth straight session. The indices were dragged by shares of banks, metals, consumer goods and automobile stocks . The 30-share BSE Sensex pack fell 142 points or…

Asian shares slipped on Monday as markets were forced to price in ever-loftier peaks for US and European interest rates, slugging bonds globally and pushing the dollar to multi-week highs. Investors are braced for more challenging US data…

It was a gloomy week for Indian equity markets. Frontline indices - Sensex and Nifty - lost over two and a half percentage points as investors were concerned over the US FOMC minutes that suggested further rate hikes by the Federal…

The coming week marks the start of a new month and it is likely to be a data-heavy week. Traders will be eyeing the Gross Domestic Product (GDP) data for the fourth quarter of FY22, which is slated to be released on Tuesday, February 28. On…

The Federal Reserve building is seen before the Federal Reserve board is expected to signal plans to raise interest rates in March as it focuses on fighting inflation in Washington, January 26, 2022.Joshua Roberts | ReutersThe Federal…

A measure the Federal Reserve watches closely to gauge inflation rose more than expected in January, indicating the central bank has more work to do to bring down prices.The personal consumption expenditures price index excluding food and…

Shares of Adani Ports and Special Economic Zone Ltd (Adani Ports) traded higher on Friday, extending their upward move for the second straight session even as most of the group's other stocks continued to bleed. The stock settled 1.24 per…

Indian equity benchmarks ended lower on Friday, extending their losing run to the sixth straight session. The indices were dragged by shares of banks, metals, consumer goods and automobile stocks. Fears of aggressive interest rate hikes by…