Stocks – A market capitalization of more than one lakh crore is a significant achievement for listed companies. Since last Diwali, nine companies have accomplished this, demonstrating their tenacity in a volatile market. On September 1, Bharat Electronics’ market capitalization surpassed one lakh crore. After hitting a one-year low of 87 in March, the shares…
The rupee was then expected to rise nearly 1% to 82.50/$ in six months and around 1.5% to 82.00/$ in a year. According to a Reuters poll of currency strategists, the Indian rupee will trade near record lows against the US dollar in the coming months, and the Reserve Bank of India will likely intervene…
The Fed’s hawkish remarks and China’s deflationary statistics could cause the demand for crude oil to decline. Friday morning saw Brent crude oil futures trading at about $80 per barrel after US Federal Reserve Chair Jerome Powell hinted that interest rates may rise even more in the US. At 9:52 a.m. on Friday, December crude…
Sensex: Indian stock markets began the day flat, but as the session went on, they became erratic and finished the day lower. On Thursday, the day of the weekly F&O expiry, benchmark indices finished lower due to front-end selling. Furthermore, doubts regarding declining refinery profits in China and Europe, a lackluster physical cargo trade, and…
Nazara Technologies: The stock of Nazara Technologies has returned 42.68 percent in the previous half-year. Throughout that same period, the benchmark Nifty50 index has returned 6.45%. Nazara Technologies’ stock increased by more than 1% in early trading on November 9 following the company’s remarkable 53.3 percent increase in Q2 net profit to Rs 24.2 crores….
Sensex and Nifty: Around 9:45 a.m., the S&P BSE Sensex was up 2.12 points to 64,944.52, while the NSE Nifty 50 gained 17.30 points to 19,424. Despite positive global cues, benchmark stock market indices opened flat on Wednesday. Some heavyweight banking stocks fell, contributing to the flat start. Around 9:45 a.m., the S&P BSE Sensex…
Trading strategies: On the daily timeframe, L&T has been forming a rounding top formation. It formed a base at the 50-day moving average and recovered from the demand zone at around Rs 2,850. Domestic equity indices ended a two-day winning streak on Tuesday, owing to profit-taking in certain pockets. The BSE Sensex fell 237.72 points,…
Nykaa Q2 Results: In Q1FY24, the Mumbai-based firm reported a net profit of Rs 5.4 crore and revenues of Rs 1,422 crore. FSN E-Commerce Ventures, which operates the beauty and personal care (BPC) company Nykaa, increased its net profit by 50% to Rs 7.8 crore in Q2FY24 from Rs 5.2 crore in Q2FY23, driven primarily…
Local Ladurée: Within the next three years, CK Lifestyle LLP, a subsidiary of the CK Israni Group, which was also responsible for introducing the upscale French pastry chain Ladurée to India, plans to add roughly 20 new locations to the range. The managing director of the CK Israni Group and co-founder Chandni Nath Israni told…
The AUDUSD pair is now aiming for the 0.65 handle after breaking through the trendline. The Fed kept interest rates unchanged, as expected, and made no changes to its statement. Fed Chair Powell reiterated that they are proceeding with caution because the full effects of policy tightening have yet to be felt. The US Core…
