Posts in category Business Standard
Indian stocks to get first ETF in Gulf region as UAE deepens ties (08-01-2024)
There were an estimated 3.5 million Indian expatriates in the United Arab Emirates as of 2021, comprising about 30% of the Gulf country's population
Marico, Godrej Consumer slip up to 6% post December quarter biz update (08-01-2024)
Godrej Consumer Products slipped 6 per cent to Rs 1,149 as the company expects mid-single digit volume growth on a consolidated basis in Q3.
Fiem Industries zooms 15% as board to consider bonus issue on Jan 15 (08-01-2024)
The management expects the company continue to benefit from its diversified product and customer mix and expects a strong second half driven by the festive season and pick-up in rural demand.
Stocks to Watch: Nykaa, Titan, Adani Wilmar, Marico, Tata Steel, Bajaj Auto (08-01-2024)
Stocks to Watch on January 8, 2024: Titan's revenue rose 22 per cent YoY in the December quarter (Q3FY24
Gold, silver prices unchanged; yellow metal trading at Rs 63,270 per 10g (08-01-2024)
The price of 22-carat gold remained flat, with the yellow metal selling at Rs 58,000
Opening Bell: Sensex up 100 pts, Nifty tests 21,750; Titan gains 2% (08-01-2024)
Stock market Live Update on Monday, January 08: Elsewhere in Asia, Hang Seng tumbled nearly 2%, and Shanghai was down 1%. Straits Times and Kospi were flat, while Taiwan added 0.5%.
Nifty likely to consolidate, keep an eye on 21,500; Nifty Bank overbought (08-01-2024)
According to Ravi Nathani, an independent technical analyst, a breach of 21,500 could trigger a consolidation phase with a negative bias, with Nifty seeking support at 21,125, 20,700, and 20,350.
Bond sales hit record pace as emerging markets see year of risks ahead (07-01-2024)
The rush this early in the year underscores a belief that interest rates are as low as they can get for some time to come
FPIs infuse Rs 4,800 cr in equities in first week of Jan on economic boost (07-01-2024)
Foreign Portfolio Investors (FPIs) continued their buying spree and poured close to Rs 4,800 crore in the Indian equity markets in the first week of January driven by confidence in the country's robust economic fundamentals.
Additionally, they injected Rs 4,000 crore in the debt market during the period under review, data with the depositories showed.
With expectations of a prolonged decline in US interest rates in 2024, there is an anticipation that FPIs will likely escalate their purchase, particularly in the initial months of the New Year leading up to the general elections, V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said.
Further, FPI inflows into debt will also see acceleration in 2024, he added.
According to the data, foreign investors made a net investment of Rs 4,773 crore in Indian equities this month (till January 5).
This came following a massive investment of Rs 66,134 crore in December and Rs 9,000 crore in November.
The latest flow ca
M-cap of 6 of 10 most valued firms decline by Rs 57,408 cr; TCS takes hit (07-01-2024)
The combined market valuation of six of the top-10 most valued firms declined Rs 57,408.22 crore last week, with Tata Consultancy Services (TCS) and HDFC Bank taking the biggest hit, in-line with muted trends in equities.
Last week, the BSE benchmark declined 214.11 points, or 0.29 per cent, even after hitting an all-time high of 72,561.91 on January 1.
The market valuation of TCS fell by Rs 20,929.77 crore to Rs 13,67,661.93 crore, the most among the top-10 firms.
HDFC Bank's market capitalisation (mcap) declined Rs 20,536.48 crore to Rs 12,77,435.56 crore.
The valuation of Hindustan Unilever fell Rs 10,114.99 crore to Rs 6,15,663.40 crore.
The mcap of Infosys went down Rs 4,129.69 crore to Rs 6,36,222.11 crore, and that of ICICI Bank by Rs 1,608.05 crore to Rs 6,97,357.42 crore.
The valuation of State Bank of India dipped Rs 89.24 crore to Rs 5,72,826.22 crore.
However, the mcap of Reliance Industries jumped Rs 14,816.85 crore to Rs 17,63,644.77 crore while ITC added Rs 14,409