Business

The year 2023 is likely to be a volatile year with a roller coaster ride for the domestic equity market, according to Kotak Mutual Fund. Therefore, it believes that allocation between debt, equity, real estate and commodities is the key. In…

The initial public offering (IPO) of automobile dealership chain Landmark Cars was subscribed 22 per cent on Day 2 of the bidding process. The issue received total bids of 17,74,336 shares against the issue size of 80,41,805 shares. The…

Shares of Suzlon Energy have jumped 24 per cent in a month, which has helped the scrip register positive returns for 2022, after a weak first half of the calendar. If technical indicators were to go by, analysts see tough resistance for the…

The initial public offering (IPO) Sula Vineyards was subscribed 67 per cent on Day 3 of the bidding process. The issue received total bids of 1,25,28,768 shares against the issue size of 1,88,30,372 shares. The quota reserved for retail…

Shares of One 97 Communications (Paytm) declined 3 per cent in Wednesday's trade after the company board approved a Rs 850 crore share buyback proposal.  The company has opted for the open market route through the stock exchange method for…

SBI Life is Motilal Oswal's preferred pick in the life insurance space. Once Max Financial makes progress in structure simplification and sees revival in growth, its share price should witness sustained re-rating, said Emkay Global. ICICI…

US stocks rose on Tuesday after a unexpectedly small consumer price increase buoyed optimism that the Federal Reserve could soon dial back its inflation-taming interest rate hikes, but concerns remained the central back could stay…

Wall Street's main indexes rallied on Tuesday, led by rate-sensitive growth stocks, after a smaller-than-expected rise in U.S. consumer prices raised hopes that the Federal Reserve could soften its aggressive stance on interest rate hikes.…

Prices rose less than expected in November, the latest sign that the runaway inflation that has been gripping the economy is beginning to loosen up.The consumer price index, which measures a wide basket of goods and services, rose just 0.1%…

Shares of UCO Bank on Tuesday zoomed nearly 20 per cent, extending their gains for the seventh straight session. The stock soared as much as 19.79 per cent to settle at Rs 29.05 over its previous close of Rs 24.25. The scrip hit an intraday…

As many as 80 start-ups in India may hit the public market by launching their initial public offerings (IPO) in the span of next five years, according to a report by consultancy firm RedSeer. “India may see 100+ matured, large-scale…

Landmark Cars IPO’s retail individual investor (RII) portion was subscribed 17 per cent. The portfolio for non institutional investor (NIIs) was subscribed 39 per cent.  The portion for qualified institutional buyers (QIBs) received bids…

Shares of Polycab India rose sharply on Tuesday to hit a one-year high level of Rs 2,990.90. The stock eventually settled 4.45 per cent higher at Rs 2,944.05 on BSE today. It moved 6.11 per cent higher to hit an intraday high -- also its…

Indian benchmark indices closed higher on Tuesday amid firm global market trends. Retail inflation fell below the RBI's upper tolerance level of 6 per cent for the first time in 11 months in November which boosted sentiment on Dalal Street.…

The National Company Law Appellate Tribunal (NCLAT) today allowed US food major McDonald's and its former estranged Indian partner Vikram Bakshi to withdraw their petitions filed against each other over Connaught Plaza Restaurants Ltd. The…

Shares of Tata Power have been consolidating in the last one year. The Tata Group stock has kept investors guessing whether they should continue to hold the stock or exit the counter.  Tata Power stock traded between Rs 230 (December 13,…

Shares of Housing & Urban Development Corporation (HUDCO) soared nearly 11 per cent in Tuesday's trade, with technical charts hinting at an uptrend in the near term. The stock jumped 10.75 per cent to hit a day high of Rs 54.60 over its…

Vaishali Parekh, Vice President for Technical Research at Prabhudas Lilladher has recommended three stocks that she thinks can deliver up to 10 per cent returns going ahead. They are Bajaj Finance, Kotak Mahindra Bank and BSE. This is what…

BofA Securities has set Nifty 2023 target at 19,500 level, implying muted but positive returns. The foreign brokerage expects the 50-pack index to broadly stay in a range of 17,000-20,000 levels during the year, led by debate on two…

The initial public offering (IPO) Abans Holdings was subscribed 25 per cent so far on the second day (Day 2) of bidding process. The issue received total bids of 31,46,165 shares against the issue size of 1,28,00,000 shares. The quota…

The initial public offering (IPO) Sula Vineyards was subscribed 41 per cent so far on the second day (Day 2)of bidding process. The issue received total bids of 77,48,496 shares against the issue size of 1,88,30,372 shares. The quota…

Shares of Jaiprakash Associates Ltd on Tuesday tanked around 8 per cent after it entered into an agreement with Dalmia Bharat's subsidiary to sell its cement assets. New Delhi-based Dalmia Bharat's wholly-owned subsidiary -- Dalmia Cement…

Shares of YES Bank have potential to hit Rs 25 level in the medium term, suggest technical charts. The scrip has been rising for four consecutive days now and took out the Rs 22 level in Tuesday's opening trade. After showing a range bound…

Sensex closed lower on Monday while the Nifty settled flat amid a weak trend in global markets and continuous foreign fund outflows. Sensex fell 51.10 points or 0.08 per cent to end at 62,130.57. During the day, the 30-stock index tumbled…

  Domestic stocks are likely to see positive start to Tuesday's trade amid optimism globally ahead US inflation data due later in the day and the outcome of the US Fed policy review later on Wednesday. Asian markets were trading mostly…

US stock indexes rallied to kick off the trading week on Monday, lifted in part by gains in Microsoft and Pfizer, as investors girded for inflation data on Tuesday and a policy announcement from the Federal Reserve later in the week.…

Safra Catz, Oracle's CEO and then one of Oracle's two co-CEOs, smiles during Oracle's OpenWorld conference in San Francisco on, Sept. 20, 2016.David Paul Morris | Bloomberg | Getty ImagesOracle shares rose as much as 4% in extended trading…

Shoppers carry bags of purchased merchandise at the King of Prussia Mall on December 11, 2022 in King of Prussia, Pennsylvania.Mark Makela | Getty ImagesConsumers grew more optimistic about inflation in November amid expectations that both…

Saurabh Mukherjea, Founder, Marcellus Investment Managers on Monday explained in a television interview on why he continues to avoid PSU stocks and expects the bull run to continue in 2023.  Mukherjea has the "Coffee Can investing…

Leading private equity firm KFin Technologies, a company backed by General Atlantic, is anticipated to begin its initial public offering (IPO) on December 19, 2022, as it seeks to raise approximately Rs 1,500 crore, reported Moneycontrol.…