Benchmark indices NSE Nifty 50 and BSE Sensex closed Wednesday’s session in the green territory despite unfavourable global cues. The NSE Nifty 50 rose 49.15% or 0.27% to 18,315.1 and BSE Sensex surged 178.87 points or 0.29% to 61,940.2. In sectoral indices, Bank Nifty climbed 132.9 points or 0.31% to 43,331.05 and Nifty PSU Bank […]
The stock of Thrissur-based South Indian Bank outperformed its peers in the past year. While it is a small-cap stock with market capitalisation of just Rs 3,500-odd crore, the sharp rise of 118% to Rs 17.2 per share (on Thursday) has attracted brokerages towards it. In a recent report, ICICI Securities has increased its price […]
Adani Group shares have lost in just 30 days more than what the Indian government plans to spend on capital expenditure over the full financial year 2023-24. Adani Enterprises, Adani Green Energy, Adani Ports, Adani Power, Adani Total Gas, Adani Transmission, Adani Wilmar, Ambuja Cements and ACC Ltd stocks have together lost over Rs 11 […]
Domestic equity indices were trading in green in the mid-day session on Tuesday. The Nifty pared early gains trading below 18,150 and Sensex below 61,100. The NSE Nifty 50 rose 23.15 points or 0.13% to 18,141.70 and BSE Sensex advanced 128.94 pts or 0.21% to 61,070.61. Most of the broader market indices were trading in […]
Oil prices rose on Wednesday, extending the previous session’s gains, driven by optimism that a relaxation of China’s strict COVID-19 curbs will lead to a recovery in fuel demand in the world’s top oil importer. Brent crude futures were up 52 cents, or 0.6%, at $86.44 a barrel at 0151 GMT, following a 1.7% rally […]
The rupee appreciated 15 paise to settle at 82.16 (provisional) against the US dollar on Tuesday, tracking a weak American currency in the overseas market. At the interbank foreign exchange market, the local unit opened at 82.20 against the American currency and finally closed at 82.16 (provisional) against the greenback, registering a gain of 15 […]
Stock pickers in some of Asia’s key markets are being battered by a series of extreme weather events from heat waves to flooding, signaling the difficulties ahead as El Nino-related risks rise and climate change accelerates. In resource-rich Australia, Newcrest Mining Ltd.’s Telfer gold mine was closed earlier this month and the company’s shares fell […]
The Rs 20,000-crore follow-on offering of Adani Enterprises managed to pull through on the final day on Tuesday with support from overseas investors as well as family offices of several prominent Indian businessmen in the non-institutional investors or NII category. According to people in the know, family offices of prominent Indian business The issue garnered […]
Bluebird Solar announced the appointment of Rohit Tikku as the chief executive officer (CEO). Tikku’s diversified work experience of 17 years is spread across roles in sales, distribution management, engineering and project management, and business operations and development with business turnaround being a strong forte. Before joining as the CEO of Bluebird Solar, Tikku was […]
The growing wealth of India’s public is leading to a crucial shift in its $1 trillion sovereign bond market. Their savings — channeled through life insurers, provident and pension funds — are increasingly getting plowed into long-term debt, leading to a structural change in the costs of borrowing for Prime Minister Narendra Modi’s government. India’s […]
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