Business

Shares of Tata Chemicals Ltd slipped 0.56 per cent to close at Rs 1,001.85 on Monday. At Monday's closing level, the stock traded 17.52 per cent lower than its 52-week high of Rs 1,214.65, touched on 11 October last year. On a year-to-date…

Shares of Mahanagar Gas Ltd (MGL) have surged 16.72 per cent so far this year. The stock settled 8.80 per cent higher at Rs 986.35 on Monday after touching an intraday high -- also its 52-week high -- of Rs 990. The sharp movement in the…

Nova Agritech Limited (NAL) has filed its draft red herring prospectus (DRHP) with the capital markets regulator Sebi to raise funds via an initial public offering (IPO). Telangana-based agri-input player Nova Agritech manufactures,…

Shares of Bajaj Auto have gained 4.33 per cent on a year-to-date (YTD) despite a 1.54 per cent decline in the 30-share BSE Sensex pack. The stock settled 0.27 per cent lower at Rs 3,723.85 on Monday. The domestic benchmarks are closed today…

Shares of two index heavyweight stocks have slipped up to 7 per cent so far this year, in sync with overall weakness in Indian equity benchmarks. Shares of Reliance Industries Ltd (RIL) have lost 6.50 per cent on a year-to-date (YTD) basis,…

Carysil, Raymond, Coal India, Siemens, Praj Industries, NMDC and Aditya Birla Capital have found a 'buy' rating from a host of brokerage firms, who have initiated coverage on that particular company. Brokerages including Systematic…

Indraprastha Gas Limited (IGL) and Vikas Lifecare Limited have signed a joint venture agreement (JVA) for setting up a smart meter manufacturing plant. On behalf of Vikas Lifecare, its subsidiary Genesis Gas Solution has entered into the…

Shares of the Adani group of companies have recovered up to 95 per cent from their respective 52-week low levels amid the ongoing recovery in the domestic equity market. According to market watchers, an investment of Rs 15,446 crore by US…

Asian financial markets were little changed on Tuesday as investors awaited congressional testimony from Federal Reserve Chair Jerome Powell due to start later in the day for clues on the central bank's next move on interest rates. MSCI's…

The S&P 500 made little progress on Monday, closing slightly higher than its session low as US Treasury yields pulled higher with investors braced for this week's testimony from Federal Reserve Chair Jerome Powell and the February jobs…

U.S. Federal Reserve Chairman Jerome Powell testifies during the Senate Banking Committee hearing titled "The Semiannual Monetary Policy Report to the Congress", in Washington, U.S., March 3, 2022.Tom Williams | ReutersFederal Reserve…

National Stock Exchange on Monday removed four Adani Group firms, 10 other firms from its Nifty Alpha 50 index. The excluded Adani stocks are Adani Enterprises Ltd, Adani Green Energy, Adani Total Gas and Adani Transmission. These changes…

National Stock Exchange on Monday removed Adani Enterprises Ltd, the flagship arm of the embattled Adani Group, from additional surveillance framework a month after imposing it.  Last month, NSE had imposed ASM on three Adani Group firms…

Shares of two listed Adani Group stocks slipped on Monday, halting a much-needed relief rally of four consecutive sessions. ACC Ltd and Ambuja Cements Ltd fell today even as most of Adani stocks extended their gains. ACC fell 1.50 per cent…

Domestic equity markets extended their gains for the second straight session and settled higher on Monday. Benchmark indices cheered the positive cues from domestic and global markets. However, headline peers saw some profit bookings in the…

Shares of Adani Enterprises Ltd extended their gains for the fifth straight session on Monday. The stock jumped 5.51 per cent to settle at Rs 1,982.85 over its previous close of Rs 1,879.35. The stock has recovered 78.16 per cent in the…

YES Bank Ltd, a retail investor-heavy stock, is in news these days amid reports its largest shareholder State Bank of India (SBI) was looking to sell stake in the private lender as soon as its 3-year lock-in period expires next week. Where…

Tesla, Amazon, Apple, Google, Meta (previously known as Facebook), NVIDIA, and Spotify are the top tech stocks Indian women are investing in, according to a report by wealth management and investment platform, Vested Finance.  Investment…

HDFC Securities is positive on Sirca Paints India and sees up to 20 per cent rally in the SME player in the next six to nine months. The domestic brokerage firm is bullish on the company's fundamentals, new product launches, growth…

Shares of Jet Airways Ltd rose sharply in Monday's trade, pausing their two-day fall. The stock climbed 5 per cent to hit its upper price band of Rs 66.42 against a previous close of Rs 63.26. The scrip plunged to its 52-week low of Rs 62…

Shares of JSW Steel and Jindal Stainless are on investors’ radar among other sectoral stocks as expectations of a price hike by major steel players in March 2023 increase. The hopes of price hike come as hot rolled coil (HRC) prices in…

Indian benchmarks indices rose sharply in Monday's trade, led by gains in energy, technology and financials. The BSE Sensex soared over 600 points while the NSE barometer Nifty hit above-17,750 level. At 1.23 pm, the 30-pack Sensex was up…

Shares of Olectra Greentech climbed 6 per cent in Monday's trade after Evey Trans Private Limited (EVEY) received two letter of awards (LOAs) from Telangana State Road Transport Corporation (TSRTC) for 550 electric buses, consisting of 500…

A weakness in the equity market provides an opportunity to lap up high-quality dividend-yield stocks. As long as the company pays dividends at the same rate, your dividend yield is fixed even if the market price of the stock changes…

BCL Industries' shares jumped more than 5 per cent during the early trade after the company board allotted fully convertible warrants to shareholders. The warrants have been awarded to promoters and non-promoter shareholders of the company.…

Shares of Bajaj Electricals Ltd gained nearly 5% today after the leading consumer electrical equipment manufacturer said it has been awarded the contracts for supply of goods and services by SBPDCL, a domestic entity, under RDSS Scheme…

A handful of brokerages have come out with updates on select stocks namely Tech Mahindra Ltd (TechM), Mahanagar Gas, Godrej Consumer Products) and Pidilite Industries Ltd. TechM intends to more than double its P&P business over next…

Benchmark indices settled higher on Friday. The BSE Sensex soared 900 points, or 1.53 per cent, to closed at 59,808.97. The NSE Nifty jumped 272.45 points, or 1.57 per cent, to 17,594.35. Select stocks such as Punjab National Bank (PNB),…

Shares of Hinduja Global Solutions will turn ex-dividend and ex-share buyback today. Shares of Gujarat Toolroom will turn ex-split today. The board of Allcargo Logistics will meet today to consider an interim dividend. ANG Lifesciences…

Domestic equity markets are expecting high volatility over the holiday-shortened next week after the markets managed to end higher on Friday. Indian markets will remain closed on March 7 on account of Holi. The Indian equity benchmarks…