Stocks of India’s state-owned companies continue their upward trajectory in 2023, marking the third consecutive year of gains. The BSE PSU index, reflecting the performance of public sector enterprises, has surged by an impressive 46.43% so far this year, surpassing the benchmark BSE Sensex index, which recorded a 14.93% return. Among the 55 consti
GMR Airports Infrastructure jumps over 3% ; after GQG Partners acquires 4.7% stake
GMR Airports Infrastructure experienced a notable 3% increase in its shares on the NSE following a substantial share acquisition by GQG Partners. The investment firm acquired shares worth Rs 1,671.5 crore in GMR Airports Infrastructure. As per exchange data, GQG Partners Emerging Markets Equity Fund and Goldman Sachs Trust II, through Goldman Sachs
Rupee settles 1 paisa higher at 83.29 against US dollar
The rupee stayed range-bound and settled 1 paisa higher at 83.29 against the US dollar on Thursday amid a negative trend in domestic equities and sustained foreign fund outflows. At the interbank foreign exchange, the rupee opened at 83.25 and finally settled at 83.29 against the greenback, registering a gain of 1 paisa from its […]
Virat Kohli’s milestone century brings cheer to fans worldwide – See photos
1/7 Virat Kohli on Sunday cracked his 49th century in the ICC World Cup match against South Africa at Kolkata’s Eden Gardens. Achieving this mammoth feat, the former India skipper equaled the record of Cricketing legend Sachin Tendulkar. Interestingly, Kohli reached the milestone on his 35th birthday.(AP /PTI Photos) 2/7 While he has several record
Big banner films could see box office pickings top Rupees 13K crore
Cine-goers will have no dearth of choice in the coming year as the Indian film landscape promises to come alive with big-banner movies in both Hindi and regional languages. While 2022 was all about films from the south and 2023 saw the resurgence of Hindi movies, 2024 will be a happy mash-up of movies from […]
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 […]
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 [
IREDA IPO subscribed 38.80 times on last of offer
The Initial Public Offer (IPO) of Indian Renewable Energy Development Agency (IREDA) was subscribed 38.80 times on the last day of bidding on Thursday. The received bids for 18,27,24,58,560 shares against 47,09,21,451 shares on offer, as per NSE data. The IPO has a fresh issue of up to 40,31,64,706 equity shares and an offer for […]
Closing Bell: Markets end higher led by Tata Motors, BPCL, Coal India, Adani stocks soar ahead of SC hearing’ Nifty ends above 19850
The benchmark equity indices ended Tuesday’s trading session in the positive territory. The NSE Nifty 50 gained 95 points or 0.48% to settle at 19,889.70, while the BSE Sensex jumped 204 points or 0.31% to 66,174.21. Bank Nifty index jumped 111.85 points or 0.26% to settle at 43,880.95. The broader indices ended largely in positive […]
Jefferies report unveils potential disruptions in insurance sector with new threshold premium concept
Jefferies has shed light on a groundbreaking development that could reshape the insurance industry – the introduction of the “threshold premium” concept. While still in the consultation stage, this innovative idea has the potential to significantly impact insurers by influencing surrender values and, subsequently, trimming fees inversely. According