Posts in category Economic Times
Market Trading Guide: TCS, HUDCO among 5 stock recommendations for Friday (30-05-2024)
The 30-share BSE Sensex plunged 617.30 points to settle at 73,885.60. In the five days of fall, the barometer tanked 1,532 points or 2%.
Salesforce plummets 18% as weak forecast sparks concerns of AI competition (30-05-2024)
Salesforce shares slumped about 18% on Thursday, after its lowest-ever quarterly revenue growth forecast raised fears that high interest rates and rival AI offerings were hampering demand at the cloud-based software firm.
HAL, REC, 3 more F&O stocks delivered over 25% returns in morose May series (30-05-2024)
May has seen fear index India VIX hitting 26.20 levels. Nifty in May series declined 82 points or 0.36%. The headline index started the series at 22,570.35 and ended it at 22,488.65.
TPG Asia sells entire stake in RR Kabel in Rs 958 crore block deal (30-05-2024)
Marquee funds, including Edelweiss MF, Tata MF, Goldman Sachs, Citigroup, Morgan Stanley, ICICI Pru MF, Blackstone Aqua, Reliance Nippon Life, and HDFC Standard Life, among others, bought stakes in the transaction.
Saudi Arabia may announce landmark Aramco share sale today: Report (30-05-2024)
Saudi Arabia may announce a landmark secondary share offering in oil giant Aramco later on Thursday, pending final approval from Crown Prince Mohammed bin Salman, people with knowledge of the matter said.
IEX, Infosys among 10 stocks in focus today ahead of AGM and stock split (30-05-2024)
IT giant Infosys declared a dividend of Rs 20/share along with a special dividend of Rs 20 per share. The record date for the same is May 31. The company's board meeting is also scheduled for today
Dow slides 1% as bond market pressure eases after cooler economic data (30-05-2024)
The S&P 500 traded 0.2% lower and the Nasdaq composite dropped 0.3%. Yields fell on Thursday after a couple of reports showed the U.S. economy isn’t quite as strong as expected. The hope on Wall Street is that the economy can cool down, but not too much so that the Federal Reserve can hit a precise landing where it gets high inflation under control without causing a bad recession.
Godfrey Phillips declares dividend of Rs 56 per share, posts 46% jump in net profit (30-05-2024)
The company declared a whooping 2,800% dividend. The net profit for the fourth quarter was reported at Rs 215.12 crore. Its revenue from operations increased to Rs 1,197 crore for Q4FY24 against Rs 974 crore reported in the corresponding quarter last year.
Apollo Hospitals Q4 Results: Net profit soars 77% YoY to Rs 258 crore; revenue jumps 15% (30-05-2024)
Apollo Hospitals Q4 Results: Revenue from operations for the January-March 2024 period increased 15% YoY to Rs 4,944 crore. The company's board has recommended a final dividend of Rs 10 per share for FY24. EBITDA for the fourth quarter stood at Rs 640 crore in the reporting March quarter, compared with Rs 488 crore in the same quarter a year earlier.
Tech View: Nifty slips below 21EMA. What traders should do on Friday (30-05-2024)
Nifty declined 216.05 points 1% at 22,488.65 on Thursday, led by strong selling pressure in most sectors. It has now reached the support cluster of 22,460–22,500, where support parameters in the form of the 20-day moving average and the 50% Fibonacci retracement level are placed.