Madhukar Sheth sold 2,54,771 shares of Ajooni Biotech Ltd (AJOONI) at Rs 6.96 per share. Rathod Saajan S bought 2,20,000 shares of Autoline Industries Ltd (AUTOIND) at Rs 82.60 per share. Hermes Global Fund sold 15,40,267 shares of Cerebra Int Tech Ltd (CEREBRAINT) at Rs 18.96 per share. BSEL Infrastructure Realty Ltd bought 96,000 shares […]
Domestic indices rallied over 1.5%, cheering India’s 2023 budget. Markets opened higher and remained in positive territory as Finance Minister Nirmala Sitharaman didn’t surprise investors with any negative news related to capital markets. The BSE Sensex surpassed the 60,750 mark and NSE Nifty was trading above 17,970. The volatility index India VIX fell 11% to […]
Indian benchmark indices are likely to open on a lower note, hinted SGX Nifty. On the Singapore Exchange, Nifty futures were in the red, down 30 points, at the 17,489 level. However, in the last session, Nifty and Sensex broke out of their rout, snapping an eight-day losing streak. Broad market indices rose more than […]
By Naveen Kumar Kalyankar In the dynamic landscape of digital transformation, developing applications rapidly has become key for businesses striving for competitiveness and agility. A significant breakthrough in this domain comes in the form of Artificial Intelligence AI-augmented application development, which is reshaping application development and propelling progress across diverse industries in India. With AI-augmented […]
last week, the Union Cabinet approved Kirit Parikh Committee’s recommendations for natural gas pricing. Going forward, natural gas produced from legacy fields will be priced at 10% of the Indian crude basket’s price, subject to dynamic floor and ceiling prices. The initial floor price has been set at $4/mmBtu and the initial ceiling price has […]
Shares of PSU banks rallied on Wednesday, giving a lift to the benchmark indices. UCO Bank and Union Bank of India led the gains, jumping over 8% each, with Central Bank, Bank of India, and Indian Overseas Bank climbing between 6% and 7%. The Sensex gained 346.37 points or 0.6% to close at 57,960.09, while […]
By Sumit Kumar and Dhriti Prasanna In 2023, various industries experienced layoffs and a slowdown or halt in recruitment. The underlying issue of a significant skill gap among the youth has exacerbated this situation. As per the India Skill Report 2023 data, 70% businesses across industries acknowledge that there is a skill gap in their […]
As per reports, there is a potential deal between Malaysia’s Petronas and NTPC’s RE arm. Petronas is said to be offering $460 mn for a 20% stake in NTPC’s RE arm. At the end of the Q3 of FY2022-23, the company had commissioned approximately 2.9 GW of RE capacity and had 4.7 GW under construction. […]
NMDC, a large cap company operating in mining sector has attractive fundamental setups due to several factors. To begin with there is robust steel demand in India which will increase due to government’s focus on infra development. With the opening up of the China market, there is positive outlook for steel demand. Secondly, there is […]
By Ruchit Jain Post last week’s expiry, we witnessed a gap down opening for our markets and selling pressure was seen throughout the week. Both Nifty and Bank Nifty continue to add short positions in the derivatives segment which added fuel to the ongoing correction. In the middle of the series, the option writers had […]