The Nifty Index has formed its first red candle on the daily charts, signaling a shift in momentum as some bearishness and profit booking have started to emerge
Posts in category Business Standard
Shri Bholanath Carpets reports standalone net profit of Rs 0.02 crore in the June 2024 quarter (30-09-2024)
Sales rise 10.18% to Rs 3.14 crore
Gala Precision Engineering consolidated net profit rises 38.55% in the June 2024 quarter (30-09-2024)
Sales rise 14.64% to Rs 53.17 crore
Jigar S Patel of Anand Rathi recommends buying these three stocks on Sep 30 (30-09-2024)
The nearly three-month-long bearish phase in BANKBARODA appears to be nearing its end, as a bullish pattern emerges on the daily chart
Stock Market Today: Sebi Board meet, Manba Fin IPO listing, Nikkei sinks 4% (30-09-2024)
At 6:32 AM, GIFT Nifty futures were trading about 38 points lower at 26,307 levels, indicating a negative opening compared to the last close of Nifty futures.
Canara Bk, Coal India are top buying bets by Osho Krishan of Angel One (30-09-2024)
Canara Bank has showcased a strong resurgence from the pivotal support of 200 SMA on the daily time frame chart and has bounced to witness a sloping channel breakout
Stocks To Watch: Adani Enterprises, RIL, Tata Motors, Zydus Life, Biocon (30-09-2024)
Stocks to watch: Tata Motors has begun construction of a Rs 9,000-crore plant in Tamil Nadu for manufacturing Jaguar Land Rover vehicles.
Lights, Camera, Action: PVR Inox set to star in a profitable sequel (29-09-2024)
Coming soon: Blockbuster content pipeline and asset-light model promise a box-office hit for investors
IPO rush: Hyundai, Swiggy among cos looking to raise Rs 60K cr in Oct-Nov (29-09-2024)
The primary market will remain abuzz with more than half a dozen companies, including Hyundai Motor India, Swiggy, and NTPC Green Energy, lined up initial public offerings over the next two months to raise around Rs 60,000 crore, merchant bankers said.
Apart from these three firms, Afcons Infrastructure, Waaree Energies, Niva Bupa Health Insurance, One Mobikwik Systems, and Garuda Construction are among the companies planning to launch initial public offerings (IPOs) during October-November, they added.
Together, these firms are looking to raise Rs 60,000 crore through their IPOs.
Munish Aggarwal, Managing Director and Head – Equity Capital Markets at Equirus, expects over 30 IPOs to be launched between September-end and December. This will be across sectors, deal sizes and a combination of fresh issues and offers for sale.
The strong momentum in IPO markets is driven by several key macroeconomic, sector-specific factors and the willingness of funds to look at new ideas, which is .
Mcap of 8 most valued firms surges Rs 1.21 trn; Reliance biggest winner (29-09-2024)
The combined market valuation of eight of the top-10 most valued firms surged Rs 1,21,270.83 crore last week, with Reliance Industries becoming the biggest gainer, in line with an outstanding rally in benchmark equity indices.
Last week, the BSE benchmark jumped 1,027.54 points or 1.21 per cent. The BSE Sensex hit its record high of 85,978.25 on Friday.
The market valuation of Reliance Industries jumped Rs 53,652.92 crore to Rs 20,65,197.60 crore.
State Bank of India added Rs 18,518.57 crore taking its valuation to Rs 7,16,333.98 crore.
Bharti Airtel’s market valuation soared Rs 13,094.52 crore to Rs 9,87,904.63 crore and that of ITC grew by Rs 9,927.3 crore to Rs 6,53,834.72 crore.
The market capitalisation (mcap) of Tata Consultancy Services (TCS) surged Rs 8,592.96 crore to Rs 15,59,052 crore.
HDFC Bank’s valuation climbed Rs 8,581.64 crore to Rs 13,37,186.93 crore and that of Life Insurance Corporation of India (LIC) zoomed Rs 8,443.87 crore to Rs 6,47,616.51 crore.
The mcap