Posts in category Business Standard
K&R Rail Engineering standalone net profit declines 36.75% in the December 2023 quarter (26-03-2024)
Sales rise 144.05% to Rs 143.67 crore
Stocks to watch on March 26: UltraTech, Mankind Pharma, RIL, RVNL, Lupin (26-03-2024)
Stocks to Watch on March 26, 2024: Reliance Industries acquired a 100 per cent stake in MSKVY Nineteenth Solar SPV and MSKVY Twenty-second Solar SPV from MSEB Solar Agro Power
Nifty50, Nifty Financial, PSB indices: Check key levels for trading action (26-03-2024)
If Nifty closes above 22,225, the next resistance levels on the charts would likely be around 22,350 and 22,575
Wall Street declines ahead of US data; dollar faces heat from yen, yuan (25-03-2024)
Wall Street's main indices kicked off the week on a lower note. Market participants are hoping that Friday's US prices data will back investor bets for a June interest rate cut by the Federal Reserve
Explainer: What are meme coins and should you add them in your portfolio? (25-03-2024)
Started as a humorous, satirical take on the internet and often lacking in any real underlying value, these coins have gained significant popularity
Gold price slips Rs 10 to Rs 66,810, silver falls Rs 100 to Rs 77,400 (25-03-2024)
The price of 22-carat gold also declined Rs 10 with the yellow metal selling at Rs 61,240
Stock markets closed today: BSE, NSE to remain closed today on Holi (25-03-2024)
Stock mkt closed: India will embark on Holi celebrations today. In view of the occasion, a public holiday has been declared and prominent institutions, including the markets will remain closed
Mcap of 5 of top-10 firms hit Rs 1.97 trn; TCS, Infosys biggest losers (24-03-2024)
The combined market valuation of five of the 10 most valued firms eroded by Rs 1,97,958.56 crore last week, with IT majors Tata Consultancy Services (TCS) and Infosys taking the biggest hit amid volatile trends in equities.
Last week, the BSE benchmark climbed 188.51 points or 0.25 per cent.
The market valuation of TCS tanked Rs 1,10,134.58 crore to Rs 14,15,793.83 crore, the most among the top 10 firms.
The valuation of Infosys tumbled Rs 52,291.05 crore to Rs 6,26,280.51 crore.
IT stocks fell on Friday after tech giant Accenture lowered its revenue forecast for the sector for the 2023-24 fiscal.
Hindustan Unilever's market valuation fell by Rs 16,834.82 crore to Rs 5,30,126.53 crore and that of Life Insurance Corporation of India (LIC) declined by Rs 11,701.24 crore to Rs 5,73,266.17 crore.
The market capitalisation (mcap) of HDFC Bank dipped Rs 6,996.87 crore to Rs 10,96,154.91 crore.
However, the valuation of Reliance Industries Limited jumped Rs 49,152.89 crore to reach Rs
FPIs invest over Rs 38K cr in equities in Mar so far amid positive outlook (24-03-2024)
FPIs have shown a significant resurgence in their investment activity within the Indian equity markets this month, injecting over Rs 38,000 crore, mainly driven by favourable shifts in the global economic scenario and strong domestic macroeconomic outlook.
The investment came following a modest investment of Rs 1,539 crore in February and a massive outflow of Rs 25,743 crore in January, data with the depositories snowed.
With this, foreign portfolio investors' (FPIs) investment has turned positive to the tune of Rs 13,893 crore in equities so far in 2024 and Rs 55,480 crore in the debt market.
Himanshu Srivastava, Associate Director at Manager Research at Morningstar Investment Research India, highlighted that FPIs have become significant buyers in March. The improved global economic conditions and positive Indian macroeconomic scenario have driven FPIs to invest in high growth-oriented markets like India.
Additionally, the recent market correction has provided a buying ...
Global cues, FII activity to guide stock markets next week, say Analysts (24-03-2024)
Stock markets would be driven by global trends and foreign investors' trading activity in the holiday-shortened week, analysts said adding that key equity indices may face volatile trends amid the monthly derivatives expiry on Thursday.
This week markets will have just three trading sessions. Equity markets will remain closed on Monday for Holi and on Friday for Good Friday.
"This week will be shorter due to market closure on both Monday for Holi and Friday for Good Friday. As a result, trading volumes may be lower with limited market cues. However, volatility remains a possibility as we approach the March F&O expiry and the financial year-end," Santosh Meena, Head of Research at Swastika Investmart Ltd, said.
Last week, the BSE benchmark climbed 188.51 points or 0.25 per cent, and the Nifty went up by 73.4 points or 0.33 per cent.
"This week being a truncated week and the derivatives' monthly expiry, we might see some volatility while Nifty is likely to consolidate at higher ...