Business

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…

Shares of Mahindra & Mahindra Financial Services (Mahindra Finance) fell in Tuesday's trade after hitting their one-year high level. The stock rose 2.51 per cent in early deals to hit a day high -- also its 52-week high -- of Rs 247.05…

Shares of Yes Bank rose nearly 3 per cent in Tuesday's trade, extending their gains for the third straight session after announcing a partnership with Banking-as-a-Service (BaaS) start-up, Falcon, to tap into the rapidly growing embedded…

December quarter results would see some impact of seasonal holidays and furloughs, in addition to a marginal cross-currency impact. Analysts noted that the commentary by tier II IT players was optimistic post Q2 results, with some caution…

Benchmark stock indices are likely to open on a muted note, tracking a weakness across Asian markets. US stocks were shut on Monday on account of New Year holiday, but a steady dollar hurt investor sentiment. Crude prices also slipped in…

Indian equity markets settled higher in the first session of 2023 despite the absence of global cues during the day. BSE Sensex advanced over 327 points or 0.54 per cent to settle at 61,167.79 on Monday, whereas NSE's Nifty50 gained over 92…

Indian equity benchmarks stepped into 2023 on a positive note, led by gains in index heavyweight Reliance Industries (RIL) and private sector lender ICICI Bank. The 30-share BSE Sensex rose 327 points or 0.54 per cent to close at 61,168 on…

Benchmark indices ended higher in the first trading session of 2022, led by a rally in metal and banking stocks. Sensex rose 327 points to end at 61,167 and Nifty gained 92 points to close at 18,197.   Top Gainers   Tata Steel (1.39%),…

Ashika Stock Broking has a 'buy' call on KPIT Technologies (KPIT Tech) with a target price of Rs 800, which was the IT firm's record high level that it hit in January last year. The brokerage said KPIT Tech has invested heavily in the…

Shares of JSW Energy have delivered flat returns in 2022. The stock, which closed at Rs 300.50 on December 31, 2021, ended at Rs 287.60 on December 30, 2022. This translates into a fall of 4.33% last year. In fact, shares of JSW Energy shed…

Seven stocks with a sub-Rs 10 price tag in 2021 turned multibagger in 2022. They were Global Capital Markets, Toyam Sports, Triveni Glass, Greencrest Financial Services, Filatex Fashions, The South Indian Bank and IL&FS Engineering and…

Federal Bank has emerged as one of the top fundamental picks for 2023. Analysts see up to 17 per cent upside in the few sessions, thanks to improved credit growth and asset quality. The private lender strong numbers in the September…

Jindal Poly Films on Monday said a fire accident occurred at its Igatpuri plant on January 1 and that it is in the process of ascertaining actual loss caused by the accident. At 1400 hours on Monday, the company's stock on BSE was trading…

Four stocks from BSE500 index have delivered double digit returns consecutively for the last five calendars. They included Abbott India, Tube Investments, Varun Beverages and Esab India. Three of these stocks, however, have average price…

BSE 500 stocks such as Canara Bank, Jindal Steel & Power, Jindal Stainless, Jindal Stainless (Hisar), Kalpataru Power Transmission, Lloyds Metals and Energy, Mahindra CIE Automotive, PNB Housing Finance, REC, Rhi Magnesita India and…

As the Nifty50 Index ended 2022 above 18,200-mark, its highest ever closing on a yearly basis, domestic brokerage firm Motilal Oswal believes that the index has taken support at the weekly averages and it has formed a bullish candle which…