The batch of almost a dozen ETFs, including from investment titans BlackRock Inc. and Fidelity Investments, began trading on Jan. 11
Posts in category Business Standard
Wipro soars 13% to new 52-wk high on bets consulting biz drag bottoming out (15-01-2024)
The commentary on higher deal wins in the Consulting vertical indicates that the drag from that segment is now bottoming out, which should help improve overall growth, as per Motilal Oswal Securities
Stocks to Watch on Jan 15: Wipro, HCL Tech, Jio Fin, BHEL, Tata Consumer (15-01-2024)
Stocks to Watch on Monday, January 15, 2024: HCL Technologies posted one of the highest revenue growths since Q3FY21 this quarter
Gold, silver prices unchanged; yellow metal trading at Rs 63,270/10gm (15-01-2024)
The price of 22-carat gold was also flat, with the yellow metal selling at Rs 58,000
Sensex soars 759 pts, ends atop 73,300; Nifty nears 22,100; Wipro zooms 6% (15-01-2024)
Closing Bell on January 15, 2024: Shares of Wipro surged 14 per cent intraday, before closing 6 per cent higher, as the company beat profit estimates in its third quarter results (Q3FY24)
Nifty50, Bank Nifty: Sell on rise trading strategy ideal; check key levels (15-01-2024)
It’s imperative to acknowledge the negative divergence indicated by the RSI, suggesting a cautious stance on Nifty50, says Ravi Nathani
Indian crypto players see surge in users as MeitY blocks offshore entities (14-01-2024)
MeitY’s action comes as the Financial Intelligence Unit (FIU) under the Finance Ministry issued show cause notices to nine offshore VDA platforms such as Binance, Kucoin, and OKX
FPIs turn cautious, infuse Rs 3,900 cr in Indian equities during Jan 1-12 (14-01-2024)
Foreign Portfolio Investors (FPIs) have adopted a cautious stance and put around Rs 3,900 crore in Indian equities in the first two weeks of this month, against the backdrop of uncertainty over the interest rate scenario.
The investment has slowed down compared to Rs 66,134 crore attracted in the entire December.
Before that, FPIs invested Rs 9,000 crore in November.
According to data with the depositories, foreign investors made a net investment of Rs 3,864 crore in Indian equities this month (till January 12).
The latest investment pattern could be largely attributed to investors booking profit with Indian equity market trading near its all-time high level, said Himanshu Srivastava, Associate Director – Manager Research, Morningstar Investment Adviser India.
Moreover, uncertainty over the interest rate scenario could have also prompted them to stay on the sidelines and wait for further cues, before taking investment decision with respect to investing in emerging markets like Ind
IPO-bound Firstcry to expand operations in Saudi; allocate Rs 155 crore (14-01-2024)
Already a prominent player in the Saudi market, this investment will further strengthen its position
M-cap of 5 of top-10 most-valued firms jumps Rs 1.99 trn; Reliance shines (14-01-2024)
Five of the top-10 most-valued firms added Rs 1,99,111.06 crore in market valuation last week, with Reliance Industries emerging as the biggest gainer, in-tandem with bullish sentiments.
Last week, the BSE benchmark jumped 542.3 points or 0.75 per cent. Benchmark equity indices Sensex and Nifty surged over 1 per cent to hit their fresh all-time highs on Friday.
While Reliance Industries, Tata Consultancy Services (TCS), ICICI Bank, Infosys and Bharti Airtel were the gainers from the top-10 pack, HDFC Bank, Hindustan Unilever, ITC, State Bank of India and Life Insurance Corporation of India (LIC) were the laggards, taking a combined hit of Rs 76,098.67 crore.
Reliance Industries added Rs 90,220.4 crore taking its market valuation to Rs 18,53,865.17 crore.
The valuation of TCS jumped Rs 52,672.04 crore to Rs 14,20,333.97 crore. Shares of Tata Consultancy Services climbed nearly 4 per cent on Friday after the company reported an 8.2 per cent growth in net income for the December quart