Latest Updates Around The World
India’s benchmark indices recovered on Monday, breaking their recent losing streak amid strong gains in financial and energy stocks, with additional support from pharmaceutical and healthcare stocks. The Nifty ended its two-day decline to close at 25,682.75, up 211.65 points or 0.83%, while the 30-share BSE Sensex recovered from a three-session decline to settle at […]
Indian benchmark indices ended with cuts on Thursday led by massive selling pressure on IT stocks. The other notable laggards were energy and real estate stocks. While Nifty ended at 25,807.20, down 146.65 points or 0.57%, the BSE Sensex fell 558.72 points or 0.66% to 83,674.92. Meanwhile, the volatility gauge India VIX ended at 11.73, […]
India’s benchmark indices ended subdued in a largely bandwidth-constrained session on Wednesday. The Nifty extended its winning streak to the fourth day in a row, albeit with modest gains, while the BSE Sensex traded slightly lower. The 50-share index closed at 25,953.85, up 18.70 points or 0.07%, while the Sensex fell 40.28 points or 0.05% […]
Indian shares are on track for their worst start to a year in a decade, increasing pressure on Prime Minister Narendra Modi’s government to deliver new catalysts for economic growth in the upcoming budget.Attention is focused on whether the government will increase defense spending and accelerate stake sales in state-owned companies to boost revenues after […]
Quarterly earnings from October to December are expected to post the highest growth in eight quarters on the back of an improved earnings environment, with the Nifty likely to post 8% year-on-year growth, Motilal Oswal Financial Services (MOFSL) said. Meanwhile, profits of companies within MOFSL’s coverage universe can report 25% year-on-year growth.Excluding financials, earnings for […]
Dalal Street investors have become richer by Rs 30.20 lakh crore this year, helped by a rise of over 8 per cent in the BSE benchmark Sensex, despite multiple headwinds in the form of exodus of foreign funds, rate-related uncertainties, high valuations and a weakening rupee.Analysts said despite the headwinds, equity markets showed resilience, helped […]
Shares of Groww parent Billionbrains Garage Ventures rose as much as 9.5% to Rs 175.60 on the BSE on Wednesday, riding a wave of optimism following the upcoming index inclusion and the launch of its emergency trading platform, Groww Lite. Since its IPO, the stock has skyrocketed 75.6% from its issue price of Rs 100, […]
Following the Cloudflare outage, which disrupted the operations of several trading platforms today, Zerodha founder and CEO Nithin Kamath said the brief downtime not only disrupted ‘Kite’ services but also affected many other brokers, fintech platforms and online services globally. While Kamath underlined the risks of over-reliance on a single digital backbone, he apologized for […]
The anchor book of Meesho Ltd. suffered a setback after several major investors pulled out when the Indian e-commerce company reportedly allocated about a quarter of the shares in this tranche to SBI Funds Management Pvt., the country’s largest asset manager, according to people familiar with the matter.That decision prompted a pushback from other major […]
The IPO momentum shows no signs of slowing down as another 20 companies, including ICICI Prudential AMC, Meesho and Juniper Green Energy, prepare to launch their public offerings that could collectively raise nearly Rs 40,000 crore in the next two months, investment bankers said.This robust pipeline will add prominent names such as artificial intelligence company […]
