Indian benchmark equity indices opened broadly lower on Wednesday amid negative global market sentiment. The BSE Sensex fell 476 pts or 0.78% to 60,196.57 and NSE Nifty 50 plunged 146 pts or 0.82% to 17,680.05. The top gainers on Nifty were Tata Consumer (up 0.82%), Bajaj Auto(up 0.81%), Coal India (up 0.61%), Larsen & Toubro […]
Bharti Airtel share price jumped 1% to Rs 797.4 today after the telecom giant’s board recommended a final dividend of Rs 4 per fully paid-up equity share and Re 1 per partly paid-up equity share of face value of Rs 5 each for FY22-23. Airtel’s net profit jumped 49.7% to Rs 3005.60 crore in Q4FY23 […]
Earnings results from major retailers in the coming weeks will test the strength of the U.S. stock market rally, as investors gain insight into the health of consumer spending and the fallout on company bottom lines from inflation.As a tepid fourth-quarter results season comes to an end, Walmart and Home Depot are set to report […]
By Bhavik Patel Crude oil prices are near to those levels where OPEC+ had decided to cut production. Primary reason for the fall of crude price this week was the fear of economic slowdown and recession. Central banks mainly US, Europe and Bank Of England are hiking rates to combat inflation which could slow down […]
The Indian share market outperformed most other markets last year, benefitting from better management of macros including inflation, and corporate earnings that did not disappoint despite challenging times. India got a larger than proportionate share of FPI funds directed towards emerging markets. Benchmark indices BSE Sensex and NSE Nifty 50 managed to end more than […]
Adani group shares continued to bleed on Monday and tumbled up to 19% in the aftermath of the US-based forensic financial research firm Hindenburg Research report, which alleged accounting fraud, stock manipulation and improper use of offshore tax havens by the group. Despite the Adani group’s 413-page response claiming that the allegation are ‘nothing but […]
Pharma and diagnostics stocks jumped on Wednesday amid renewed fears of Covid outbreaks. As reports of a sudden spurt in Covid-19 cases in China, Japan, the United States of America, the Republic of Korea, and Brazil surface, a meeting on the COVID-19 situation is being held by Union Health Ministry on 21 December. Share prices […]
Indian benchmark equity indices closed Tuesday’s session broadly higher. The BSE Sensex closed above 58,000 and the NSE Nifty 50 settled above 17100. Bank Nifty concluded above 39,890. The top gainers on the Nifty 50 were HDFC Life, Reliance Industries Ltd, Bajaj Finance, Bajaj Auto and SBI Life while the losers were Power Grid, Hindustan […]
Stocks of Asset Management companies (AMCs) have been trading weak over the past year, with four out of the five listed entities falling between 7% and 30%. On a year-to-date (YTD) basis, too, the picture is not very encouraging, with three of the five stocks down more than 15%. Experts attribute this to a combination […]
By Rahul Shah The Sensex has fallen nearly 2000 points in the previous week close on account of geopolitical tensions, as Russia begins military operations in Ukraine. The geopolitical event has been causing a rout across equity markets, as the world can ill-afford further disruption in trade and commodities when Covid has already weakened sovereign […]
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