Tata Group’s retailer Trent and PSU defense major Bharat Electronics Ltd (BEL) will join the Nifty50 index on Monday, attracting a cumulative inflow of about $830 million. As part of its semi-annual review, the NSE will remove Divi’s Lab and LTIMindtree from the index, with changes effective after market close tomorrow.
Posts in category Economic Times
Five Star Business Finance block deal: TPG sells shares worth Rs 1,606 crore, Nomura buyer at Rs 752 crore (26-09-2024)
Nomura invested in Five Star Business Finance through its India Investment Fund and Ireland Equity Fund. Max New York Life Insurance and Max Life Insurance Company were also buyers, collectively acquiring over 34 lakh shares worth Rs 275 crore.
Ahead of Market: 10 things that will decide D-Street action on Friday (26-09-2024)
A long bullish candle appeared on the Nifty daily chart, signaling a decisive breakout above the 26,000 level after a period of consolidation. The daily chart shows positive patterns, including higher highs and lows, indicating strong upward momentum with minimal downward corrections.
Rudrabhishek Enterprises receives Sebi nod for SM REIT (26-09-2024)
This registration is expected to help REPL expand its presence in the real estate investment sector, utilizing its expertise and industry partnerships to drive the growth of ImpactR SM REIT.
Charting Global Course: Linc inks dual JVs with Mitsubishi and SILKA (26-09-2024)
Deepak Jalan, Managing Director of Linc, stated that the Mitsubishi joint venture will allow the company to provide advanced Japanese technology at more affordable prices. The partnership plans to leverage Mitsubishi’s technology while manufacturing products locally in India and sourcing some raw materials domestically to further reduce costs.
Gold prices hit record Rs 78,000 mark on strong global cues (26-09-2024)
Gold prices on Thursday jumped by Rs 400 to breach a record Rs 78,000 per 10 gram level in the national capital on sustained buying by jewellers as well as strong trends in global markets.
IMF’s $7 billion bailout sends Pakistan stocks to new peak of 82,905.73 (26-09-2024)
Pakistan’s benchmark share index hit a life-time high in opening trade on Thursday, hours after the International Monetary Fund’s board approved a long-awaited $7 billion bailout deal for the struggling economy.
Market Trading Guide: Tata Motors, Hindalco among 5 stock recommendations for Friday (26-09-2024)
Indian benchmark indices Nifty50 and Sensex closed at fresh record highs for the sixth consecutive session on Thursday, driven by gains in auto and metal stocks. The S&P BSE Sensex rose 0.78% to finish at 85,836, while the NSE Nifty50 closed above 26,200 level.
Micron rises 19% on AI-driven forecast, fuels chip stock rally (26-09-2024)
Micron Technology surged close to 19% on Thursday, leading a rally in chip stocks after its strong revenue forecast signaled robust demand for the hardware used to power generative AI technology.
US yields rise as jobless claims unexpectedly fall (26-09-2024)
U.S. Treasury yields rose on Thursday after data showed that jobless claims unexpectedly fell in the latest week, leading traders to cut bets that the Federal Reserve will make another 50-basis point cut at its November meeting.