Paytm shares surged 5% today after being confined in the lower circuit for three consecutive sessions after the RBI’s restrictions. Paytm shares rose 5% on February 6 after being caught in a lower circuit for three straight sessions due to the RBI’s restrictions on its payments bank business. The RBI prohibited Paytm Payments Bank from…
Nifty and Sensex: A total of 3,193 equities were actively traded, with 2,144 advancing, 951 declining, and 98 stocks staying constant. The NSE Nifty increased by 0.39 percent, or 85.80 points, to 21,860.65, while the BSE Sensex increased by 0.37 percent, or 268.67 points, to 72,000.09. At 10 a.m. on Tuesday, 3,193 stocks were actively…
Bharti Airtel Q3 results: According to the brokerage, Airtel’s sales could increase by 4.7 percent sequentially, driven by greater wireless revenues in India and Africa. According to the report, operating margins are expected to expand marginally due to lower commissioning and S&M expenses. Bharti Airtel Ltd is preparing to release its quarterly earnings later today….
TCS shares saw a 1.35 percent increase on Monday, reaching a 52-week high of Rs 4,020 a share, and valuing the company at more than Rs 14.70 lakh crore. In short After the business signed a new agreement in Paris to use artificial intelligence and machine learning to revamp Europ Assistance’s IT operating model, shares…
Paytm shares: Paytm’s pricing band has been revised from 20% to 10%, and it was locked at Rs 438.35, down 10%. For the third consecutive session on Monday, shares of One 97 Communications Ltd (Paytm) were restricted by lower circuit limits of 10% amid concerns raised by a media report indicating that the Reserve Bank…
Today Stock Market: Nifty50 began 67.20 points, or 0.31 percent higher, at 21921.00, while the BSE Sensex opened 183.49 points, or 0.25 percent higher, at 72269.10. Nifty Bank debuted with small cuts. Indian benchmark indices began flat on Monday (February 5), following global trends. Nifty50 began 67.20 points, or 0.31 per cent higher, at 21921.00,…
SBI Q3 preview: Nomura predicts a significant 26% year-on-year decline in core operating profit for the third quarter. Key factors to watch include discussions on unsecured loan growth, capital adequacy, and the momentum of the loan book. SBI is expected to report subdued earnings in the third quarter, primarily attributed to increased operating expenses resulting…
Gold price: Despite the US Fed’s commitment to maintain a high-interest rate regime, gold prices concluded the past week with an increase of more than 0.75 percent. The gold futures contract on the Multi Commodity Exchange (MCX) for February 2024 expiry closed at ₹63,200 per 10 gm, marking a weekly gain of ₹1,250 per 10…
Amazon Q4 results: According to Nuvama, the cost takeout measure of clients has slowed down, and the results of all three hyper scalers—Amazon, Azure, and GCP—show an improvement in the overall growth trajectory this quarter. Growing cloud computing is good news for Indian IT companies, according to domestic brokerage Nuvama Institutional Equities, which released better-than-expected…
IndiGo Q3 results: For the quarter that concluded on December 31, the company declared a standalone profit of Rs 2,998 crore, up from Rs 1,418 crore during the same time the previous year. Due to a robust demand for air travel, IndiGo operator Interglobe Aviation Ltd. announced a 110.68 percent increase in third-quarter profit on…
