Business

Shares of Tata Power breached the key support zone during correction in the previous session. The stock, one of the widely tracked scrips in the power sector, hit an intraday low of Rs 194.45 and closed at Rs 203.25 on BSE on December 26.…

Shares of Tata Motors breached the key support zone during the correction in the previous session. The stock, one of the widely tracked scrips in the auto sector, hit an intraday low of Rs 375.50 and closed at Rs 384.85 on BSE on December…

The allotment of shares for Elin Electronics initial public offering (IPO) will be carried out on Tuesday. Those who had subscribed to Elin Electronics IPO will get their share allotment today.  The IPO of Elin Electronics was subscribed…

Six SALMAN stocks delivered double digit returns in an otherwise tepid year for equities.  SALMAN is an abbreviation used for six largecap stocks namely State Bank of India (SBI ), Axis Bank, Larsen & Toubro, Maruti Suzuki, Adani Ports…

Shares of Hindustan Construction Co (HCC) surged 5 per cent in Tuesday's trade, extending their gains for the second straight session. The stock climbed 4.85 per cent to hit a day high of Rs 19.45 over its previous close of Rs 18.55 on BSE.…

At least 10 stocks in the portfolio of the Life Insurance Corporation of India (LIC) have more than doubled amid the ongoing volatile calendar year 2022. The benchmark equity index BSE Sensex has gained 4 per cent to 60,566.42 on December…

Shares of Tanla Platforms rose over 4% today after Geojit Financial initiated coverage on the firm with a buy call.  The brokerage has assigned a target price of Rs 920, 34% higher to the previous close of Rs 685.95.  Tanla Platforms…

Under the existing capital gains taxation regime, beneficial tax rates have been provided for income arising from the sale of listed equity shares. Even the period of holding of shares by the equity investors, which determines the…

Shares of Adani Wilmar, Kohinoor Foods and LIC have seen sharp falls in the last couple of sessions. LIC stock has fallen 7 per cent in the last five sessions; Kohinoor Foods is down 10 per cent while shares of Adani Wilmar have plunged 12…

After briefly flirting with number 2 spot, Gautam Adani at $110 billion is ending the Calendar 2022 being the third richest on this planet, richest in India. Despite the fag-end weakness in Adani group shares, his wealth is up $33.80…

Shares of Time Technoplast surged in Tuesday's trade, extending their gains for the second straight session after receiving repeat order from Adani Total Gas. The stock jumped as much as 18.78 per cent to hit a day high of Rs 99.60 over its…

With a 50 per cent rise (excluding dividends), shares of ITC are on verge of logging their best yearly gains in 17 years. The scrip is also ending the Calendar 2022 being the next second-biggest Nifty gainer. A couple of brokerages have…

Domestic stocks are likely to open higher on Tuesday, tracking a positive trend in other Asian markets, ahead of the expiry of December series futures and options contracts later this week. Dollar edged lower, improving risk appetite.…

The initial public offering (IPO) of Radiant Cash Management Services was subscribed 11 per cent on the second day of the bidding process today. The initial share sale, which opened on December 23, would conclude on December 27. With a…

Indian market ended in the green today led by a rally in IndusInd Bank, SBI, Tata Steel, Bajaj Finserv, ITC, Axis Bank and Tata Motors. Sensex ended 721 points higher at 60,566 in Monday’s session, rebounding after four straight sessions of…

Shares of EaseMyTrip (Easy Trip Planners) zoomed 20 per cent to hit their upper price band of Rs 54.70. The stock rose sharply today, pausing its 4-day losing run after announcing a special programme, 'EMTFAMILY', for the shareholders. It…

Sensex rallied over 900 points in Monday’s session, rebounding after four straight sessions of fall. Nifty too gained 250 pts in the first session of this week, reflecting positive investor sentiment on Dalal Street. The current rally…

Shares of Reliance Industries (RIL) shares have risen 5 per cent this year so far, marginally outperforming the Sensex's 2.23 per cent rise during the same period. If one were to go by fundamental analysts, the stock has potential to gain…

Adani Power shares have delivered stellar returns in 2022, with investor wealth nearly tripling during the period. Adani Power shares closed at Rs 99.75 on December 31, 2021 against an intra day high of Rs 275.35 today, translating into…

Brokerage Religare Broking believes that the New Year 2023 may see the end of the rising interest rate cycle but growth may not be impressive. As a result, corporate earnings may not justify higher valuations and the market may enter into a…

Suzlon Energy shares rallied 12 per cent in Monday's trade, snapping a four-day losing streak. The scrip, which had fallen 23 per cent in the four sessions to sub-Rs 9 level, jumped 11.11 per cent to hit the double digit mark of Rs 10 a…

Shares of Godrej Properties rose 2 per cent in Monday's trade after the Mumbai-based developer said it has expanded its residential portfolio in NCR through the outright purchase of 62 acres of land in Kurukshetra, Haryana. In a filing to…

Shares of all seven listed Adani Group entities rose in Monday's trade, tracking a rebound in Indian equity benchmarks. Two of them --- Adani Power and Adani Wilmar -- hit their respective upper circuit levels today. Adani Power climbed 5…

Shares of Tata Power gained over 3% today amid reports that the private power generation firm is planning to raise up to Rs 2,000 crore via bonds for financing its business operations. Tata Power stock gained up to 3.22% to Rs 201.30…

Shares of Poonawalla Fincorp climbed 12 per cent in Monday's trade amid heavy volumes. Brokerage Motilal Oswal Securities called the company a ‘valued’ NBFC franchise in the making while initiating coverage on the stock with a target of Rs…

Shares of NMDC rose over 3% today after financial services firm Motilal Oswal reiterated its buy call for the state-owned miner. NMDC shares gained 3.67% to Rs 115.60 against the previous close of Rs 111.50 on BSE. NMDC stock has gained…

Nifty50 constituents saw wild swings in a weak year for equities globally. As many as 20 index stocks, led by tier I IT biggies, lost a combined market capitalisation (m-cap) of Rs 10 lakh crore in 2022. Analysts said valuations on some of…

Indian equity benchmarks took a sharp plunge on Friday, extending their fall for the fourth straight session. Sensex crashed 981 points or 1.61 per cent to close at 59,845, while Nifty lost 321 points or 1.77 per cent to 17,807. Such was…

After four days of back-to-back fall, domestic stocks may open marginally higher on Monday, ahead of the F&O expiry later this week. Key markets globally including the US, the UK, Hong Kong, France, Germany, Italy, Singapore, Malaysia…

Domestic stocks were gripped by high volatility this past week, following a heavy selloff in global markets. Nifty Bank made a high of 43,614.65, but ended the week at 41668.05, losing 3.59 per cent. At present, the index has moved below…