Today’s stock market: The shares of a few giants, including Reliance Industries and Bharti Airtel, were the biggest losers as the Indian stock market benchmarks, the Sensex and the Nifty 50, closed lower on Thursday, September 5. Weak global cues and a deficiency of new catalysts maintained market mood. As expectations on the scope and…
Today’s stock market: The Nifty 50 and the Sensex, two benchmarks for the Indian stock market, finished the day flat on Tuesday, August 27. The Sensex finished at 81,711.76, up 14 points, while the Nifty 50 gained 7 points to settle at 25,017.75. The BSE Midcap and Smallcap indices both increased by half a percent,…
The benchmark Nifty 50 index for the Indian stock market is only a few points off its all-time high. The Nifty 50 reached its intraday high of 25,073.10 on Tuesday, August 27, which is only 5 points less of its all-time high of 25,078.30. Investors are discussing whether to take advantage of the impending new…
On Wednesday, profit booking at higher levels caused the Indian stock market indices to fall by one percent apiece. While the Nifty 50 lost more than 200 points to close below 24,200, the Sensex fell more than 900 points to below the 79,600 mark. The Nifty 50 fell 291 points to 24,141.80, while the Sensex…
Gift Nifty: Stock markets are expected to open Monday’s trading session on a negative note, influenced by a somber sentiment in global markets and a potential technical correction following recent substantial gains. As of 07:00 AM, Gift Nifty futures were priced at approximately 23,428, suggesting a probable gap-down opening of more than 75 points for…
Muthoot Microfinance shares: Shares of Muthoot Finance surged more than 4 percent to Rs 252 each on June 20, following a ‘buy’ rating from UK-based brokerage firm Investec. The firm cited a strong growth outlook and set a target price of Rs 350 per share. Year-to-date, the stock of this micro-finance institution has risen over…
Adani Ports stock: On June 14, Adani Ports and Special Economic Zone (APSEZ) saw a rise in its share price following an upward revision in its target price by Kotak Institutional Equities, from Rs 1,550 to Rs 1,650 per share. This upgrade reflects the company’s consistent outperformance in FYTD24. Despite a sluggish start in the…
Nestle India stocks climbed 3% to reach an intraday high of Rs 2,614.45 following its decision to continue paying a general license fee, or royalty, to its parent company, Societe des Produits Nestle S.A. The current royalty rate stands at 4.5% of the net sales. Nestle (India) stated in an exchange filing, “Upon the recommendation…
Wipro stocks: Wipro shares surged 5.5% to reach an intraday high of Rs 486.40 from its last close of Rs 461. The sharp increase in the company’s stock price followed the announcement of a significant deal worth $500 million with a prominent US Communication Service Provider. According to a filing by the company to the…
IRCTC shares experienced a 5.2% decline, dropping to an intraday low of Rs 1,027.15. This followed the company’s announcement of its net profit for the fourth quarter of FY24, which increased to Rs 284 crore from Rs 278.32 crore, marking a 2% year-on-year rise. The uptick in net profit was attributed to increased ticket sales….
