Indian equity indices rose, fueled by banking, IT, and realty stocks, with Nifty50 closing at 25,128 and Sensex at 81,973. Key stocks showed significant activity on Monday.
Posts in category Economic Times
Market Wrap: Sensex, Nifty rise on banking, IT gains ahead of inflation data (14-10-2024)
Indian blue-chip indices closed higher ahead of September’s inflation data release, with Sensex and Nifty gaining on the back of banking and IT stocks. Key gainers included Tech Mahindra and HDFC Bank, while Avenue Supermarts shares dropped after a slow revenue growth report.
Rupee slips to record low pressured by decline in Asian peers (14-10-2024)
The rupee, which weakened below the key support level of 84 for the first time on Friday, ended unchanged at 84.06 on Monday after dipping to a record low of 84.0750 earlier in the session.
Vodafone Idea, Manappuram Finance among 5 stocks with long unwinding (14-10-2024)
Long unwinding happens when investors sell stocks they’ve held for a while, either to lock in profits or because they expect the price to drop.
Sterling & Wilson Q2 Results: Co reports Rs 8.6 crore net profit, revenue jumps 36% YoY (14-10-2024)
Sterling & Wilson Renewable Energy reported a net profit of Rs 8.57 crore in Q2FY24, up from a net loss of Rs 54.51 crore in Q2FY23. Revenue from operations jumped 35.7% to Rs 1,030.49 crore. For the half year ended September 2024, PAT stood at Rs 13.40 crore, up from a net loss of Rs 149.83 crore in the same period of the previous financial year.
SBI, Canara Bank among 5 stocks with short covering (14-10-2024)
Short covering occurs when traders buy back shares they previously sold short, typically in response to a change in market sentiment or new information.
Indian markets gave better returns than China in last 5 yrs, says Sebi member (14-10-2024)
Indian equities have consistently delivered around 15% returns over the last five years, significantly outperforming Chinese markets. Sebi’s Ananth Narayan advises caution amid high returns, stressing the need for investor education and the importance of choosing reliable intermediaries over dubious ‘finfluencers’.
Nithin Kamath hails Sebi’s consultative approach even on tougher regulations (14-10-2024)
Zerodha chief Nithin Kamath commended Sebi’s consultative approach, noting his ongoing involvement in various committees and expressing admiration for Sebi’s collaborative method, even as it plans to introduce stricter regulations for the industry.
Easy Trip Planners announces 1:1 bonus share issue (14-10-2024)
As per data from Trendlyne, this marks the company’s third issuance of bonus shares. Previously, bonus shares were distributed at a 1:1 ratio in February 2022 and a 3:1 ratio in November 2022.