Business

Stock of Tata Steel was the top Sensex gainer in a weak market today amid reports of a large trade in the Tata Group stock.  A large deal of Tata Steel shares took place in early trade with 84.3 lakh shares (0.7% equity) worth Rs 101.8…

Maruti Suzuki's over two-fold jump in December quarter profit beat analyst estimates of a 85-90 per cent growth, with revenue growth beating projections by 10-15 per cent. Following the quarterly results, analysts have upped Maruti's…

Tata Motors is all set to report its quarterly results on Wednesday. The automaker is likely to log 15-16 per cent growth in consolidated revenue, even as analyst view differ on the bottom line, even as the performance is expected to…

The S&P 500 ended nominally lower on Tuesday at the close of a rocky session marked by a raft of mixed earnings and a technical malfunction at the opening bell. A spate of NYSE-listed stocks were halted at the top of the session due to…

Microsoft CEO Satya Nadella speaks at the company's Ignite Spotlight event in Seoul on Nov. 15, 2022. Nadella gave a keynote speech at an event hosted by the company's Korean unit.SeongJoon Cho | Bloomberg | Getty ImagesMicrosoft will…

At BT Market Today Summit on Tuesday, ace investor Raamdeo Agrawal, chairman and co-founder, Motilal Oswal, had everyone in splits when he explained on why he regrets buying Zomato stock in 2021. "I wouldn't have bothered about Zomato but…

What explains the recent underperformance of Portfolio Management Services (PMSes)? At BT Market Today Summit in Mumbai on Tuesday, BT's Global Business Editor, Udayan Mukherjee, noted that many PMSes earlier did not buy rallying commodity…

Large-cap, small cap or ETFs. Which investment strategy can give a push to your portfolio when it comes to generating alpha in this highly volatile market? The theme was discussed today in a panel discussion with Raamdeo Agrawal, chairman…

A slew of stocks were briefly halted for trading on the New York Stock Exchange, shortly after the market opened on Tuesday. Most of the stocks have resumed trading. NYSE did not immediately respond to a Reuters request for comment. An…

Union Budget 2023, the most important financial event of the year, is around the corner. Speaking at the BT Market Today Summit on Tuesday, an expert opined that this year's Budget should be 'boring'. Pranjul Bhandari, Chief Economist,…

Slow and simple wins the race. That’s what capital market veterans at Business Today’s inaugural ‘Market Today Summit’ espoused. Given the battering of stock markets and crypto markets over the last one year, fund managers are advising…

Market veteran Neil Parag Parikh says one needs to differentiate between new age companies and mature technology giants, especially when one talks about the US technology sector. During Covid-19 pandemic, shares of many new age companies…

Single geography, single stock, single fixed income asset, all these are risky strategies said Ridham Desai, MD, Morgan Stanley India in a chat with Udayan Mukherjee, Global Business Editor, India Today Group at BT Market Today Summit held…

The India story is compelling but one still needs to look beyond one geography, says Devina Mehra, Chairperson and MD, First Global. Speaking at the Market Today Summit, Mehra, in a session moderated by BT's Global Business Editor Udayan…

Systematic investment plans (SIP),  asset allocation and investment in debt mutual fund are the three routes through which risk of higher valuations can be reduced during the current market conditions, said Sankaran Naren, ED and CIO, ICICI…

India's mutual fund experts say that 2022 was a steady year for them and that could be possible due to the power of domestic investing. "That shows the domestic investor has become a force. In 2017-18, we used to fear the problems in…

The government needs to bounce off Production-linked Incentives (PLI) benefits to other sectors where the employment generation is more, said Niranjan Hiranandani, co-founder and MD, Hiranandani group, who was in conversation with Sourav…

India is at a sweet spot and the only way it can go is higher, said industry veterans Niranjan Hiranandani, Co-founder & MD Hiranandani Group and Dilip G Piramal, Chairman, VIP Industries, who shared their views during BT Market Today…

Shares of SBI Cards and Payment Services slipped over 4 per cent in the afternoon session today after the December quarter earnings of the firm missed estimates of Dalal Street.   SBI Cards reported a 32.1 per cent rise in net profit to Rs…

Shares of Asian Paints rose in Tuesday's trade, halting their 3-day losing run. The stock climbed 1.51 per cent to hit a day high of Rs 2,827.75 over its previous close of Rs 2,785.75. Geojit Financial Services has given a 'Buy' call on the…

Business Today will host its first ever Market Summit in Mumbai at St Regis today. The one-day event will see market mavens decoding the trajectory of benchmark & sectoral indices and outlook for the current year. The event will start…

Shares of Adani Wilmar, the star performer of 2022, have turned weak this year. The stock which closed at Rs 617.6 on December 30, 2022 fell to Rs 546.20 on January 23 2023, losing 11.56% during the period. However, Adani Wilmar stock…

Shares of Tata Communications plunged 4% today after the firm reported earnings for the quarter ended December 2022. Tata Communications stock slipped 3.82% to Rs 1,330 against the previous close of Rs 1,382.90 on BSE.  The large cap stock…

Domestic benchmark indices opened higher on Tuesday, tracking the firm global cues and buying in select counters. US stocks settled higher on Monday, whereas major Asian stocks were shut on the account of Lunar New Year. Investors are…

Domestic equity indices are set to open higher on Tuesday, tracking the firm global cues. US stocks extended gains on Monday, in the over night trade. Major Asian stocks were shut observing holiday. Back home, India Inc earnings will remain…

  Domestic benchmark indices snapped a two-day losing streak on Monday and settled higher tracking positive global cues and upbeat quarterly earnings. The BSE Sensex jumped 320 points, or 0.53 per cent, to settle at 60,941.67. The NSE…

Three stocks including Angel One and Wipro will get ex-dividend today. Maruti Suzuki, SBI Cards & Payment Services, United Spirits, Macro Developers, CG Power & Industrial Solutions, Indus Towers, HDFC AMC and UCO Bank would be…

Shares of IndusInd Bank on Monday extended their gains for the second straight session. The stock edged 0.17 per cent higher today to settle at Rs 1,204.35 over its previous close of Rs 1,202.30. Choice Equity Broking has assigned an 'Add'…

Domestic equity indices snapped the two-day losing streak on Monday and kicked off the new week on a higher note. The positive cues from the global markets and upbeat earnings from the index heavyweights, kept the mood of market on the…

Axis Bank on Monday reported a 62 per cent year-on-year (YoY) surge in net profit at Rs 5,853 crore for the December quarter compared with Rs 3.614 crore in the same quarter last year. Net interest income (NII) for the quarter jumped 32 per…