Business

With the market seeing a 3 per cent drop in the last one month, more than half of Nifty50 stocks are trading at discount to their historical averages. Price targets on many of these stocks suggest up to 30 per cent potential upside going…

Domestic stock indices dropped sharply on Wednesday amid concerns over aggressive Fed rate hikes and rising Covid cases in China. The BSE Sensex plunged more than 635 points or 1.04 per cent to settle at 60,657. The Nifty50 tanked 190…

The S&P 500 finished higher on Wednesday but below its session peak after volatile trading following the release of minutes from the Federal Reserve's last meeting, which showed officials laser-focused on controlling inflation even as…

Indian equity benchmarks fell sharply on Wednesday, halting their winning run of two consecutive sessions. The domestic equity benchmarks slumped today, dragged by index heavyweight Reliance Industries, HDFC twins (HDFC and HDFC Bank) and…

Benchmark indices crashed on Wednesday, snapping a two-day winning run. Sensex fell 637 points or 1.04 per cent to 60,657and Nifty was down 190 points or 1.04 per cent at 18,043. Investors fret over the rising Covid-19 cases in China and…

Radian Cash Management Services had a strong stock market debut on Wednesday, as the scrip settled 11 per cent higher on Day 1 of the listing. Against the issue price of Rs 94 apiece, the stock got listed at Rs 103 on NSE, up 10 per cent.…

Shares of Hindalco Industries fell 4 per cent in Wednesday's trade, taking its fall to the second straight day. The scrip fell 3.86 per cent to hit a low of Rs 461.60. At this price, the scrip was still up 49 per cent over its 52-week low…

Domestic stocks fell in Wednesday's trade, snapping a two-day winning run. The BSE Sensex fell over 650 points while the NSE barometer Nifty hit sub-18,050 level. At 2.31 pm, the 30-pack Sensex was down 520 points or 0.85 per cent at…

London Stock ExchangeToby Melville | ReutersLONDON — The U.K. economic contraction of 2023 will be almost as deep as that of Russia, economists expect, as a sharp fall in household living standards weighs on activity.In its 2023 macro…

Global Capital Market, a lesser-known multibagger microcap stock, is eyeing expansion of its businesses and is looking to enter bill discount business. The board of Global Capital Market discussed plans to enter the business while also…

The initial public offering (IPO) of Sah Polymers was subscribed 8.97 times on the final day of bidding process. The initial share sale received bids for 5,03,31,590 shares against 56,10,000 shares on offer by 12:54 pm on Wednesday. The…

Information technology firms Tata Consultancy Services (TCS), Wipro, Infosys and HCL Technologies are slated to announce their third-quarter results next week. The forthcoming quarterly results are crucial for the IT majors after a tepid…

BSE stocks such as Axis Bank, Equitas Small Finance Bank and General Insurance Corporation of India are among 81 stocks that touched their respective one-year high levels on Wednesday, defying weakness in the domestic benchmarks. Indian…

Shares of Deepak Nitrite have delivered flat returns in 2022. The stock, which closed at Rs 2,489.5 on December 31, 2021, ended at Rs 1,985.65 on December 30, 2022.  Before this, the stock had stellar returns in 2021 and 2020. The share…

Shares of Orient Cement rose sharply in Wednesday's trade, extending their gains for the second straight session amid heavy volumes. The stock jumped 12.27 per cent to hit a day high of Rs 148.70 over its previous close of Rs 132.45. At…

Equitas Small Finance Bank hit 52-week high in Wednesday’s trade after the Reserve Bank of India (RBI) approved the acquisition of 9.99 per cent stake in the lender by SBI Funds Management. The approval has been given to SBIFML to acquire…

Domestic benchmark indices opened on a muted note on Wednesday, tracking the weaker closing of US indices during the overnight trade. However, gains in the Asian peers capped the cuts.Traders awaited the minutes of the US Fed, scheduled on…

Indian equity market closed with gains on Tuesday amid a largely strong trend in global markets after facing bouts of volatility during the session. Sensex rose 126.41 points or 0.21 per cent to end at 61,294.20. Nifty climbed 35.10 points…

  Domestic stock indices may open lower on Wednesday, despite gains seen in other Asian markets. US stocks settled lower overnight. Crude oil prices were held steady whereas the US dollar too stood its ground. All eyes were on the minutes…

Tesla electric cars in Germany on March 21, 2022.Sean Gallup | Getty Images News | Getty ImagesTesla just published its fourth-quarter vehicle production and delivery report for 2022.Here are the key numbers.related investing newsTotal…

Indian equity benchmarks on Tuesday extended their gains for the second consecutive session in volatile trade. The domestic indices managed to settle higher today, helped by an uptick in TCS, HDFC twins (HDFC and HDFC Bank) and Axis Bank.…

Indian equity market closed with gains on Tuesday amid a largely strong trend in global markets after facing bouts of volatility during the session. Sensex rose 126.41 points or 0.21 per cent to end at 61,294.20. During the day, the 30…

Shares of Dilip Buildcon gained 4 per cent in Tuesday's trade after it said a wholly-owned subsidiary of the company received the letter of appointed date from Mahanadi Coalfields for an order, whose contract value stands at Rs 36,419…

The initial public offering (IPO) of Sah Polymers was subscribed 3.74 times on the third day of bidding process. The initial share sale received bids for 2,09,92,560 shares against 56,10,000 shares on offer by 2:24 pm on Tuesday. The public…

Lesser-known entity of Shriram Group, Orient Green Power Company, attracted limited offers during Tuesday's trading session after the company announced that it is looking to consider options to maximize the utilizing of existing assets.The…

Shares of RateGain Travel Technologies rose 4 per cent in Tuesday’s trade after the company acquired Adara Inc, a US-based platform. In an exchange filing, the software-as-a-service (Saas) player informed the bourses that it has entered…

South Indian Bank's shares, after delivering multibagger returns in the last six months, extended its gains on Tuesday on the back of healthy quarterly updates by the lenders.In an exchange filing, the private lender said that its advances…

Jefferies said Cholamandalam Investment is its top 2023 pick among auto financiers. On the other hand, Aavas Financiers, said the foreign brokerage, is the best pick among housing finance companies (HFC). This is even as it also finds value…

Adani Group said it would pay an additional amount of Rs 48.65 per share to those who tendered NDTV shares under the open offer.  The said payment would be completed by February 28, 2023, the company stated in an exchange filing on…

Apollo Tyres, JB Chemicals, Cummins and APL Apollo are IIFL Securities' top four midcap picks for 2023. IIFL said it likes APL Apollo and Cummins as plays on construction. These stocks are not cheap, it noted, but added that one can see…