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Nifty races past 10k on liquidity gush
MUMBAI: With markets awash with liquidity, courtesy balance-sheet expansion of central banks, India’s frontline Nifty 50 index swiftly soared past the psychological 10,000 mark. In just five trading days, it has notched up more than an 11% rise. Globally also, equities have raced ahead with some of the top markets such as the US leading […] More
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Good kharif prospects buoy Kaveri Seed Company’s stock
MUMBAI: Shares of Kaveri Seed Co Ltd have gained 26% so far this week after the company maintained its healthy growth guidance for the current fiscal. It expects 15-20% rise in revenue this fiscal, helped by 10-15% growth in its mainstay cotton hybrid seeds business and 20-25% growth in non-cotton seeds business revenues. “With predictions […] More
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Britannia Industries jumps 7% after robust March quarter performance
MUMBAI: Shares of Britannia Industries surged 7.4% on Wednesday after the company announced a 26% year-on-year rise in its March quarter consolidated net profit to ₹374.75. At 1150 am, the Britannia stock traded at ₹3,651.90 apiece, up 5.8% from its previous close, extending its five-day gains. The stock has risen 15% in six straight sessions […] More
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Markets shrug off sovereign downgrade, close higher for fifth day in row
Indian Stock markets shrugged off latest sovereign downgrade and closed with gains for fifth consecutive session on Tuesday. The BSE Sensex ended at 33,825.53, up 522.01 points or 1.57%. The 50-share index Nifty ended at 9,979.10, up 152.95 points or 1.56%.India’s sovereign credit rating was cut by a notch to the lowest investment grade with […] More
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Markets end on positive note: Sensex, Nifty jump on 5th straight day; Bajaj Finance top gainer, soars over 8%
The markets made a strong rally despite the global rating agency Moody’s downgrading India’s sovereign rating as sharp buying was witnessed in beaten down banking and financial stocks. Kotak Mahindra Bank, HDFC twins, ICICI Bank and Reliance remained the top index contributors. Investors’ sentiments also got a boost after Prime Minister Narendra Modi assured to […] More
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Sensex soars 517 points, Nifty close to 10,000-mark; govt rolls out 3 schemes for electronics mfg sector
Stock market today LIVE Updates: Sensex soars 517 points, Nifty close to 10,000-mark; govt rolls out 3 schemes for electronics mfg sector New York: Asian stocks were set to come under pressure on Tuesday following a dip in Wall Street futures as US President Donald Trump vowed to use force to end violent protests in […] More
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Financial stocks zoom: Sensex rallies over 900 points, Nifty surges to 9,823-level; ICICI Bank, RIL, HDFC among top gainers
Financial stocks led shares higher on the stock markets on Monday, as the country geared up to further open its economy after a months-long lockdown to curb the spread of the novel coronavirus. #CNBCTV18Market | Market trades with healthy gains, led by banks. #Sensex & #Nifty up over 2% each, Nifty Bank up 4% pic.twitter.com/iNR1mp92Z1 […] More
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Sensex surges over 1,000 points, Nifty close to 9,900-mark; Maruti records 86% slump in May sales
Stock market today LIVE Updates: Sensex surges over 1,000 points, Nifty close to 9,900-mark; Maruti records 86% slump in May sales Sydney: Asian share markets started on a cautious note and gold gained on Monday as images of riots in burning US cities unnerved investors already tense over Washington’s power struggle with Beijing. E-Mini futures for […] More
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Nifty next week: Lockdown status to decide Nifty’s next course; don’t jump the gun either way
The domestic equity market oscillated and inched higher aligning to global cues during the week gone by. The indices moved in sync with their developed market peers, like the US one, disregarding covid causalities. Dow Jones Industrial Average, which has proved to be the most resilient index globally, has seen a strong recovery from the […] More
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Sensex rebounds 224 points from day’s low, Nifty at 9,580; ONGC top gainer, jumps over 5%
The market ended the volatile session with the firm gain of 0.95 percent. While posting gap-down opening due to weak political sentiments and remaining in red territory for most of the session, benchmarks recovered remarkably in the last hour of trade driven by strong buying emerged in index heavyweight banking stocks. #MarketAtClose | Market gains […] More
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reliance share price: Buy Reliance, target price Rs 1,748: Angel Broking
Angel Broking has given a buy rating to Reliance Industries with a target price of Rs 1,748. Reliance Industries Ltd. (RIL) is India’s largest company with a dominant presence in refining, petrochemicals, telecom and retail businesses. The telecom business to witness robust growth over next few years due to tariff hikes and shift of subscribers […] More
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Markets open weak: Sensex drops over 300 points, Nifty tests 9,400-level in early trade ahead of GDP data; Rupee up
Equites fell on Friday after two days of strong gains as markets awaited the release of March-quarter GDP figures later in the day, while US-China tensions further dampened sentiment. #CNBCTV18Market | Market opens lower, #Sensex & #Nifty down 1% each pic.twitter.com/iu9VIvcMU5 — CNBC-TV18 (@CNBCTV18Live) May 29, 2020 Sensex tumbled over 300 points in early trade […] More