Business

Shares of GAIL India slipped over 7 per cent today after the state-owned gas utility reported a weak set of earnings for the quarter ended December 2022. Standalone profit plunged 92 percent year-on-year to Rs 245 crore for the quarter…

Heranba Industries' shares were locked in the lower circuit in Monday's trade after the company reported a weak set of numbers for the period ended on December 31, 2022. The stock hit a fresh record low during the session after reporting…

Adani group in its fresh response to questions raised by Hindenburg Research says the research house is an 'unethical' short seller and it published the report to manipulate and depress the stock price and create a false market. What is…

State-owned insurance behemoth Life Insurance Corporation of India (LIC) said its total exposure in Adani Group companies is less than 1% of its total assets under management (AUM) at book value, said a report on Monday. The clarification…

Sometimes human behaviour and emotional biases can put investors in a fix in a volatile market. In an interaction with Business Today, Siddharth Vora, Head of Investment Strategy and Fund Manager–PMS, Prabhudas Lilladher said that quant…

Shares of Bajaj Finance surged more than 5 per cent in Monday's trade, pausing their losing run of three straight sessions. The stock jumped 5.39 per cent to hit a day high of Rs 6,066.05 over its previous close of Rs 5,756. JM Financial…

Ashika Stock Broking is positive on select bluechip counters including Infosys and HDFC Bank amid the volatility in the broader markets. The domestic brokerage firm has picked up these largecap counters as its top picks for the week which…

Shares of Ambuja Cements and ACC, two Adani group cement companies, climbed 10 per cent in Monday's trade, even as a majority of Adani group stocks extended their recent falls, thanks to a media report that suggested the group was mulling a…

Domestic equity indices ended sharply lower on Friday amid deep cuts in Adani Group stocks and weak global cues. Sensex dropped 874 points to close at 59,330. Nifty50 settled the day at17,604, down 287.60 points in the last trading session.…

Shares of Hindustan Zinc, Banaras Beads and 360 One Wam will turn ex-dividend on Monday. Larsen & Toubro (L&T), Tech Mahindra (TechM), Bajaj Finserv, GAIL, PNB, BPCL, Laurus Labs and Mazagon Dock Shipbuilders are among dozen…

The Union Budget 2023, to be presented on February 1, will keep the markets buzzing throughout this week and there will be sector-specific moves based on the budget announcements by Finance Minister Nirmala Sitharaman. Parliament’s Budget…

It was a tough week of trade for Indian equity benchmarks where frontline indices plunge over two percentage points as investors remained cautious ahead of Federal Open Market Committee (FOMC) meeting and Union Budget 2023-24 to be held…

As many as 90 stocks in the BSE 500 index managed to keep their neck above water last week despite heavy selling in the domestic equity markets. The BSE barometer Sensex tanked 1,290.87 points, or 2.10 per cent, to 59,330.90 on January 27…

Egg shelves are seen with a note apologizing to customers for the price increase after the reduction in productivity brought on by poultry fatalities caused by various illnesses, in San Mateo, California, United States on January 23,…

Adani Enterprises' Rs 20,000-cr FPO got subscribed only 1% on Day 1 owing mainly to a scathing report Hindenburg Research, the US short seller that triggered a selloff in the conglomerate's listed firms, thus raising concerns over whether…

Hindenburg said in its 106-page report that it was concerned that a high proportion of equity held by promoters or key shareholders in Adani Group's listed companies has been pledged for loans

Shares of Indraprastha Gas Ltd (IGL) ended higher today after the firm announced its December quarter earnings. IGL shares hit an intraday high of Rs 424, rising 2.49% on BSE. Share price of IGL ended 0.97% to Rs 417.70 against the previous…

The ongoing fall in Adani Group stocks has given a deep dent to their investors’ portfolios in just two trading sessions. The country’s biggest institutional investor Life Insurance Corporation of India (LIC) is one of them. LIC’s combined…

Adani stocks took a sharp beating on Friday, wiping out around Rs 4 lakh crore from the group's market capitalisation (m-cap) in just two straight sessions. The stocks cracked after a report by US-based short seller Hindenburg Research…

After a day's hiatus, trading resumed at Dalal street and domestic stocks cracked for the day. Hindenburg Research's report left Adani Group stocks bleeding for the day, and banks felt the rub-off effect of the same. Markets turned anxious…

Shares of FMCG firm ITC gained nearly 3% today amid a weak market sentiment today. ITC shares reached the intraday high of Rs 348.80, rising 2.69 per cent on BSE. ITC stock has been rising for the last five sessions. The rally in the large…

Gautam Adani, India's richest person, has seen his fortunes fall below the coveted $100 billion-mark amid a rout in the Adani Group stocks triggered by US-based short seller Hindenburg's report, showed data. As per Forbes, Adani, 60, was…

Adani stocks cracked in Friday's trade to hit lower circuit levels after US-based short seller Hindenburg Research launched a scathing attack on the group. Eight out of 10 listed Adani Group companies, including recent acquisitions of ACC,…

Shares of Dixon Technologies India hit their fresh 52-week low after the firm reported Q3 earnings that disappointed Dalal Street. Management also cut FY23 revenue guidance citing lower mobile revenue, which dampened investor sentiment.…

Benchmark equity indices BSE Sensex and NSE Nifty extended their losses for the second straight session on Friday amid heavy selling in index heavyweights including Reliance Industries, Adani Enterprises and Adani Ports among others. The…

Shares of Adani group firms have fallen up to 52 per cent over their 52-week highs, thanks a sharp erosion in their market values amid report by short seller Hindenburg Research. Hindenburg claimed that the Adani group was engaged into…

Adani Enterprises' Rs 20,0000 crore follow-on public offering (FPO) hit the Dalal Street on Friday, January 27. The issue can be subscribed till Tuesday, January 31 and investors can bid for the shares in the range of Rs 3,112-3,276 apiece…

Indian equity benchmarks fell sharply in late morning trade on Friday after recording a rebound in the previous session. The BSE Sensex slumped over 700 points while the NSE barometer Nifty hit the sub-17,700 level. At 10:59 am, the 30-pack…

Shares of Adani Transmission slipped nearly 19 percent in early trade amid a report by Hindenburg Research alleging accounting frauds, stock manipulations and money laundering by the Adani Group. Adani Transmission stock crashed 19.01 per…

Tata Motors' December quarter results came in better than Street expectations. What analysts liked the most was Jaguar Land Rover (JLR) orderbook that stood tall at 2,15,000 units and also the fact that new order-bookings in December…