Posts in category Economic Times
Rupee ends at record closing low of 83.43 against dollar pressured by Asia FX (03-04-2024)
The currency was weighed down by dollar demand from local oil companies. Thai baht and Chinese yuan weaken. Importers pressure rupee. Forex trader mentions foreign banks selling dollars. Derivative contracts cause turmoil.
Stock market update: Power stocks up as market falls (03-04-2024)
The 30-share BSE Sensex closed down 27.09 points at 73876.82
Share market update: Most active stocks in today’s market in terms of volume (03-04-2024)
The NSE Nifty index closed 18.65 points down at 22434.65
Nifty Bank recoups losses to close in green; next resistance seen around 48,000: Experts (03-04-2024)
The Nifty Bank recouped losses on Wednesday to close in the green which suggests that bulls are here to stay. The index rose 78 points to close at 47,624 while the Nifty50 fell 18 points to close at 22,434.
Sensex closes flat after volatile session, Nifty below 22,450 (03-04-2024)
Nestle India was the top Sensex laggard, falling 2.6% on worries over earnings growth in the sector. NTPC, Tech Mahindra, TCS, and Bharti Airtel ended with gains.
Stock market update: Stocks that hit 52-week highs on NSE in today’s trade (03-04-2024)
J G Chemicals, Goa Carbons, Advani Hotels, Indian Metals and DJ Mediaprint & Logi, hit their fresh 52-week highs during the day.
There’s a slowdown in agro segment but better traction in pharma, monomers & personal care: Anupam Rasayan management (03-04-2024)
Thakkar and Agrawal foresee revenue growth in FY25, stable margins, and positive long-term outlook. Anupam Rasayan's strategic investments, pass-through pricing, and market performance drive the company's growth trajectory. Thakkar says: " Japan is one geography that has really worked well for us and we are seeing a lot of buoyancy there. "
CLSA upgrades TCS, two other IT majors, despite conservative outlook (03-04-2024)
Shares of TCS and HCLTech have been upgraded to “underperform” from “sell”. For TCS, the price target has been increased to Rs 4,043 from Rs 3,925, and for HCLTech, it has been raised marginally to Rs 1,553 from Rs 1,536.
Jindal Stainless to divest entire 26% stake in Jindal Coke by September (03-04-2024)
Jindal Stainless on Wednesday said it aims to complete divestment of its entire 26 per cent stake in Jindal Coke by September this year.
Zomato, SBI, ITC among Motilal Oswal’s top 11 largecap picks (03-04-2024)
Nifty is currently trading at a 12-month forward PE of 19.4x versus LPA of 20.3x. Motilal Oswal selects 11 largecap stocks as its top ideas, Of these two are non-Nifty players