The recent partnership between Infosys and US-based AI startup Anthropic has created buzz on the streets, but industry experts are urging investors to separate hype from long-term fundamentals.Speaking to ET Now, Sumit Pokharna of Kotak Securities described the partnership as “a step in the right direction” and “the need of the hour.” He explained: “The […]
India’s benchmark indices broke their two-day winning streak on Thursday to end lower amid broad selling pressure. Financial services, auto and IT stocks led the declines. The Nifty closed at 25,642.80, down 133.20 points or 0.52%, while the BSE Sensex fell 503.76 points, or 0.60%, to 83,313.93.Meanwhile, the volatility gauge India VIX ended at 12.17, […]
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 […]
The Indian market ended higher on Friday, with the Sensex and Nifty supported by a firmer rupee and an improving global environment, as investors bet on further interest rate cuts by the US Federal Reserve early next year.The benchmark Sensex climbed 638 points or 0.75% to close at 85,567.48, while the Nifty 50 rose 206 […]
Meesho’s sharp rally on Wednesday, following a buy call from UBS, made it the best-performing major IPO in 2025. The stock rose about 20% on the session, taking its gains to nearly 95% from its issue price. Data from Trendlyne shows that for companies that raised more than Rs 5,000 crore this year, the second […]
BSE Index Services has announced a major overhaul of the BSE 500 index, which will see the addition of 32 new stocks to replace as many scrips. The changes will come into effect on December 22 and are part of the six-monthly reconstruction based on, among other things, the market capitalization, free float and liquidity […]
The Indian market closed higher on Thursday with the Sensex and Nifty snapping a four-session losing streak, lifted by IT stocks ahead of the Reserve Bank of India’s policy decision on Friday. The S&P BSE Sensex rose 158 points, or 0.19%, to close at 85,265.32, while the NSE Nifty 50 advanced 48 points, or 0.18%, […]
The shares continued to slide on Thursday before the fourth day in a row, while the stunning walk in the Visa fees of the US H-1B continues to harm the investor sentiment. The Stock Infobeans technologies fell by 2.64 percent, TATA Consultancy Services declined by 2.50 percent, hexaware technologies lost 1.91 percent, HCL technologies declined […]
Et Intelligence Group: Since 5 September, the shares of Hexaware Technologies have won more than 5% more than 5% in seven trade sessions compared to the 3% profit in the ET Infotech index. A weaker rupid and an expected interest rate reduced by the American federal reserves that the American customers can encourage to increase […]
NSE Indices announced a recasting of his benchmark indices on Friday as part of his half-yearly assessment. Budget Carrier Indigo and Max Healthcare Institute will be included in the Nifty Index, to replace Hero Motocorp and Indusind Bank. The changes will take effect from September 30. Indigo had an average exemption market capitalization of RS […]