Posts in category Economic Times
Stock market update: Sugar stocks up as market rises (06-06-2024)
The 30-share BSE Sensex closed up 692.27 points at 75074.51
Sensex rises for 2nd session, settles 692 points higher, Nifty tops 22,800 (06-06-2024)
Tech stocks led the rally with Narendra Modi set to return to power for a third straight term after two key allies pledged support to form a new government. Top Sensex gainers included Tech Mahindra, HCL Tech, SBI, NTPC, and Infosys which rose 3-4%. HUL, Asian Paints, M&M and Nestle India settled with cuts.
Share market update: Most active stocks of the day in terms of traded value (06-06-2024)
The NSE Nifty index closed 201.06 points up at 22821.4
Rupee ends lower on importer, foreign banks’ dollar buys (06-06-2024)
The Indian rupee ended weaker on Thursday, pressured by dollar demand from local importers and foreign banks even as most of its Asian peers gained.
Chandrababu Naidu effect: Heritage Food, KCP jump up to 40% in unbeaten rally. 7 more gain on Andhra connection (06-06-2024)
The stocks have been on a rise since Naidu’s sweeping win in the assembly election and Lok Sabha elections. Naidu's TDP in alliance with BJP and Pawan Kalyan's JSP bagged 165 of 175 seats in the Andhra Pradesh assembly election, defeating YSRCP's Jagan Mohan Reddy.
We don’t expect rate cut in 2024 unless growth or inflation surprises on downside: Tanvee Gupta Jain (06-06-2024)
I think the political outcome was suggesting that there is kind of a weak sentiment at the lower end of the income pyramid. And whether we accept it or not but India has seen a K-shaped consumption recovery post the pandemic. So, most of the high frequency data that we track are clearly indicating that affluent, premium segment demand in India has been doing well.
Constructive policies over last several years exciting for India: Vinay Dube, Akasa Air (06-06-2024)
What I can talk about is the progressive and constructive policies that I have experienced over the last several years, those are very exciting for the country.
Macro risks might lead to valuation derating for SBI, says JM Financial (06-06-2024)
JM Financial believes that there could be de-rating of SBI's valuations due to macro risks. In view of recent market volatility, SBI gives the analysts confidence on the back of its strong liability franchise.
ITC Hotels to have a net worth of Rs 10,000 crore and debt-free balance sheet (06-06-2024)
As of March 2024, ITC Hotels' capital structure stood at approximately Rs 207.85 crore. However, this figure may see slight adjustments on the listing day due to the issuance of shares under the ESOP scheme, according to Puri. This information was shared with shareholders on Thursday during an NCLT-convened audio-visual meeting of ITC Ltd shareholders concerning the demerger process.