Domestic indices concluded in red on Monday. The NSE Nifty 50 closed below 17,900 and the BSE Sensex after moving in the range of 59,963.83 and 60,586.77 settled above 60,000. The top gainers of the BSE Sensex were Tech Mahindra (up 3.22%), HCL Tech (up 1.48%), Infosys (up 1.45%), Wipro (up 1.27%) and TCS (up […]
Reliance Jio’s newly launched postpaid family plans have made Bharti Airtel investors nervous that the move could disrupt the telecom industry. The shares of Bharti Airtel fell 1.24% to Rs 747 in the intraday trade on Thursday. Following the trend, Vodafone Idea shares hit a new 52-week low, falling 2.5% to Rs 6.25. HSBC Global […]
Mining major Vedanta’s Consolidated net sales stood at `341 bn in Q3FY23, in line with MOSL estimated. The reduction in revenue q-o-q was due to a decline in commodity prices and lower strategic hedging gains, partially offset by favourable forex movement. The consolidated Ebitda stood at `71 bn, below our estimate of `94 bn due […]
The new year is going to be a difficult one for social media platforms like X, Instagram, Facebook, and others as they will come under increased regulatory scrutiny for artificial intelligence-generated user harm cases. They would need to increase their due diligence in terms of vetting content on their platforms as the onus of identifying […]
Infrastructure EPC major KEC International Ltd, a RPG Group Company, on Thursday announced that it has secured new orders of Rs 1,566 crore across its various businesses. The company’s Transmission & Distribution (T&D) business has secured orders for T&D projects in India and Americas. This includes 400/220 kV transmission lines and 220/132 kV GIS & […]
Asian stocks rallied on Friday as strong corporate earnings helped lift sentiment even as worries over economic weakness lingered, while investors were also waiting on a policy decision from the Bank of Japan. MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.94% higher but remained on course to end the month 1.4% lower. Japan’s […]
The National Stock Exchange (NSE) banned the trading in futures and options (F&O) of up to five stocks/securities on Wednesday, December 21, 2022. Delta Corp, Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC), Indiabulls Housing Finance, IRCTC and Punjab National Bank (PNB) are the stocks/securities placed on the National Stock Exchange’s futures and options (F&O) […]
Vedanta Ltd on Thursday said its board would meet on March 28 to consider and approve the fifth interim dividend on equity shares, if any, for financial year 2022-23.The move is yet another indication of the predicament that promoter Anil Agarwal finds himself in as he attempts to deleverage his commodities business at a time […]
The domestic equity market ended in the green today after closing flat yesterday. BSE Sensex closed over 400 points higher at 62,533 while NSE Nifty settled 0.6% higher at 18,608. Bank Nifty hit a fresh record high intraday, gaining over 200 points to touch 43,983.80. Sectorally, the indices shifted between gains and losses, with Nifty […]
Asian shares were headed for a second quarterly gain on Friday while bonds were enjoying the best month since 2008, but the market was braced for a stormy session after an upside surprise in German CPI raised the stakes for U.S. inflation data. Also making headlines on Friday, Donald Trump was indicted after a probe […]
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