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…
Suzlon Energy shares: Suzlon Energy Ltd.’s shares are trading near levels last observed in 2011. Brokers like ICICI Securities claimed that Suzlon Energy had turned the corner recently, raising Rs. 20 crore through QIP and paying off debt. Analysts noted that Suzlon Energy’s December quarter results demonstrated a strong financial turnaround, which was made possible…
TVS shares: TVS Motor Company traded 2.4 percent higher in the afternoon of February 2 after the largest two-wheel manufacturer announced a 23 percent gain in car sales in January. The corporation sold 339,513 automobiles in the first month of 2024, up from 275,115 units in the same period the previous year, according to an…
Opening bell: Indian market indices opened substantially higher on Friday, a day after the federal government signaled its intention to pursue budget austerity even as the general elections approached. In addition, strong indications from other Asian counterparts boosted stocks in India. At the opening bell, the Sensex was at 72,189.10 points, up 543.80 points or…
