By Anand James Nifty PSU Bank index’s 4% jump on Friday appears to have jump started a recovery in the broad market. The sharp rise in PSU bank index comes after a prolonged sell off that had begun even before Nifty cracked. The PSU banks constituents in the bank nifty has also helped the index […]
UltraTech Cement’s new acquisition boosts bullish outlook, Jefferies recommends Buy with 11% upside target of Rs 9700
Jeffries sees 11% upside potential in India’s largest cement producer, UltraTech Cement’s stocks following their acquisition of Kesoram Industries and has recommended a buy with an upside target of Rs 9,700. UltraTech Cements nodded to acquire Kesoram Industries’ cement assets in a share-swap deal for an enterprise valuation of Rs 7,600 crore, whic
Earnings continue to support market optimism
At the beginning of this result season, we had three themes – overall earnings will be strong and possibly surprise on the upside; earnings in India would be in contrast to weak earnings in the developed world; and thirdly, earnings expectations will continue to see upgrades. Actual results have borne out our expectations. Nifty earnings […]
FII, DII data: FPIs sold shares worth Rs 306 Cr, DIIs added shares worth Rs 721 Cr on November 22, Wednesday
Foreign institutional investors (FII) offloaded shares worth net Rs 306.56 crore, while domestic institutional investors (DII) added shares worth net Rs 721.24 crore on November 22, 2023, according to the provisional data available on the NSE. For the month till November 22, 2023, FIIs sold shares worth net Rs 7,982.46 crore while DIIs bought share
Key IPOs to watch this week: Companies collectively aim to raise over Rs 7,300 crore
Six companies are set to make a splash on Dalal Street, collectively aiming to raise over Rs 7,300 crore through initial public offerings (IPOs). Among these, Tata Technologies and Indian Renewable Energy Development Agency (IREDA) stand out as major contenders. Here are the six upcoming IPOs for this week. Tata Technologies IPO The much-anticipate
Closing Bell: Indian Indices ended Samvat 2079’s last session in green: Nifty closed above 19,400, Sensex over 64,900
The benchmark equity indices ended Friday’s trading session in the positive territory. The NSE Nifty 50 gained 30.05 points or 0.15% to settle at 19,425.35, while the BSE Sensex jumped 72.48 points or 0.11% to 64,904.68. Bank Nifty index gained 136.50 points or 0.31% to settle at 43,820.10. The broader indices ended largely in positive […]
Share Market Highlights: Nifty settles above 19800, Sensex over 66000; Bank Nifty sheds over 230 points
Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices ended Wednesday’s trading session in positive territory. The NSE Nifty 50 advanced 28.45 points or 0.14% to settle at 19,811.85, while the BSE Sensex gained 92.47 points or 0.14% to 66,023.24. Midcaps stocks led the gains among the broader indices while [
Cotton output may decline 8 per cent to 294.10 lakh bales this year: CAI
Cotton production may decline by around 8 per cent to 294.10 lakh bales in the 2023-24 season due to lower yields in most growing regions, according to the Cotton Association of India (CAI) estimates released on Thursday. The total cotton production during the 2022-23 season (October-September) stood at 318.90 lakh bales of 170 kg each, […]
Federal Bank’s arm Fedfina, IREDA get nod from Sebi to float IPOs
Four firms — Fedbank Financial Services, Indian Renewable Energy Development Agency, EPACK Durable and Suraj Estate Developers — have received capital markets regulator Sebi’s approval to raise funds through initial public offerings (IPO). These companies, which filed preliminary IPO papers with Sebi between July and September, obtained the watchdo
Bajaj Auto shares hit 52-week high; jumps over 66% YTD; What’s driving the stock?
Bajaj Auto stock has been on a ride over the past one year, offering more than 66% returns to investors year to date. The share price rose 0.70% to hit a fresh 52-week high of Rs 5,971.95 intra-day Tuesday. It advanced 4.11% in the last 5 days, 11.75% in the last one month and a […]