Business

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…

Shares of JSW Energy fell sharply on Monday, extending their losing run for the second straight session. The stock slumped 6.37 per cent to hit an intraday low of Rs 245.50 over its previous close of Rs 262.20 on BSE. The scrip eventually…

Shares of Astral Ltd have delivered over 4,600 per cent return to its long-term shareholders in the last 10 years. The stock has also zoomed over 300 per cent in the last 5 years. Notably, the mid-cap stock, which used to hover around Rs…

ServoTech Power Systems' shares hit an upper circuit on Monday after the company announced its results for the period ended on December 31, 2022. Along with this, the company has also announced the sub-division of equity shares, it said in…

Shares of IT major Wipro will get ex-dividend on Tuesday. The board of IT major had announced interim dividend of Re 1 each on Wipro share with a face value Rs 2 each, the first interim dividend for the ongoing financial year. The record…

ICICI Bank's December quarter results were a beat on most fronts. An analyst darling, the scrip has got no 'sell' call, with just one 'hold' call out of 38 analyst recommendations; rest all are either 'buy' or 'strong buy' calls. This is as…

Shares of ICICI Bank slipped in Monday's trade amid a volatile session post announcing the December quarter (Q3) results. The stock fell 0.62 per cent to hit a day low of Rs 865.05 over its previous close of Rs 870.40. Support on the…

Domestic brokerage firm Axis Securities has picked four stocks, namely- APL Apollo Tubes, Larsen & Toubro, Vedanta and Sobha- in its weekly report. These stocks are headed for an upside of up to 17 per cent on a technical basis, said…

Hi Tech Pipes' shares continued to extend its gains on Monday as the company tops new all-time highs amid soaring trading volumes and ahead of its board meeting later this week to consider stock split proposal, The stock has turned…

Apollo Micro Systems' shares hit an upper circuit on Monday after the company announced the sub-division of its equity shares on Saturday, after the board meeting. The company, in an exchange filing, said the company board has approved the…

Shares of FSN E-Commerce Ventures, Nykaa's parent, fell 5.11 per cent in Monday's trade to hit their fresh one-year low. The stock today slipped to a 52-week low of Rs 120.75 over its previous close of Rs 127.25. The scrip has been…

Shares of YES Bank plunged 12 per cent in Monday's trade after the Bombay High Court quashed a decision taken by the YES Bank administrator's March 2020 decision to write-off of additional Tier-1 (AT1) bonds. An 80 per cent drop in December…

Reliance Industries reported an inline December results, with its earning per share getting trimmed marginally, as analysts believe windfall tax on HSD/ATF exports should drag earnings in the near-term. Emkay said the December quarter…

  Domestic equity indices are set to kick off the new week on a positive note, tracking positive cues from US stocks, which settled sharply higher on Friday. Major Asian stocks were close on Monday due to public holiday. The US dollar…

On the weekly chart, Nifty Bank formed an Inside Bar candle. The banking index closed the week above 50-day EMA, but was unable to cross the 20-day EMA. The index made a high of 42,715.65 during the week, before closing at 42,506.80 on…

Extending previous week’s gain, Indian equity benchmarks ended the passing week with a gain of around half a per cent as many corporates of India Inc have posted healthy Q3 numbers during the week. Market also took solace from the RBI…