Posts in category Economic Times
Muthoot Finance shares rally 4% post Q4 results. Should you invest? (31-05-2024)
Muthoot Finance shares surged by 4.3% on Friday on the BSE, reaching a day's high of Rs 1,745. This uptick followed the company's announcement of a profit after tax of Rs 1,056 crore, marking a 17% year-on-year (YoY) increase compared to Rs 903 crore reported for the corresponding period last year.
Modi magic! PSU stocks create Rs 7 lakh crore wealth this election season (31-05-2024)
During the election season, PSU stocks, also known as 'Modi stocks', surged in value by Rs 7 lakh crore as investors showed confidence in PM Narendra Modi's policies and leadership, especially in defence PSUs like Cochin Shipyard and Bharat Dynamics.
TBI Corn IPO opens today: Check issue size, price band, GMP and other details (31-05-2024)
TBI Corn IPO, which aims to raise Rs 45 crore, will remain open till June 3. Global maize production increase encourages trade worldwide. Offer structure: 50% for QIB, 35% for retail, 15% for NII investors.
Stock market update: Nifty IT index falls 0.58% in an upbeat market (31-05-2024)
The Nifty IT index was trading 0.58 per cent down at 32617.7.
Gold Price Today: Yellow metal opens flat at Rs 72,100 while silver down by Rs 1,080 (31-05-2024)
Gold and silver futures open mixed on MCX ahead of US data. MCX Gold shows potential downside with support at Rs 71,700. Neha Qureshi recommends selling MCX gold at Rs 72,200 and silver at Rs 94,000.
Rupee rises 5 paise to 83.24 against US dollar in early trade (31-05-2024)
Rupee appreciated 5 paise to 83.24 against US dollar in early trade on Friday due to robust sentiment in domestic equity markets and downward trend in crude oil prices overseas.
Improvement in tech, backend processes & team strength needed to achieve IRDA objective: Shweta Rajani (31-05-2024)
It is welcoming move what IRDA has done because it now means that one within three hours in a normal case the insurance company has to authorize the entire documentation and the claim approval has to go through, not only that they are also emphasising that there should be a 100% claim and any claim rejection by the insurance company would internally need internal explanations and approvals.
Bulls back in action! Sensex rises after 5-day hiatus, surges 500 points; Nifty above 22,600 (31-05-2024)
Indian benchmark equity indices opened higher on Friday. Investors await exit polls post-elections and GDP data release. India's fourth-domestic quarter GDP data is due later in the day.
Hedging costs for Indian stocks advance by most in four years (31-05-2024)
The cost of hedging Indian stocks has surged ahead of the general election’s outcome next week. The NSE India Volatility Index rose 88% in May, the most since March 2020, reaching a two-year high of 24.17% on Thursday.
F&O stocks to buy or sell today: Apollo Tyres, Oberoi Realty among top 6 trading ideas for 31 May 2024 (31-05-2024)
Indian market is anticipated to rise on Friday, following positive global trends. Nifty futures closed down by 1.13% at 22487 on Thursday. Options data indicates a trading range of 21800 to 23100. Experts recommend buying Apollo Tyres, Coromandel International, Texmaco Rail, Indus Tower, Oberoi Realty, and Sona BLW Precision Forging for short-term trading.