Domestic benchmark gauges started the week with a flat opening. The Nifty 50 opened at 17818.55 points and the BSE Sensex at 60847.21. The Adani Crisis continued to cast a shadow on investor sentiments this week. The markets ended on a lower note on Friday, due to selling pressure in metal and energy stocks. Snapping [...]
It is a common practice for companies to announce dividends along with their quarterly results. With the ongoing results, multiple companies across various industries have declared a sum of money to be awarded to their inventors in the form of dividends. Here is a list of 8 companies that are going to trade ex-dividend in [...]
Private lenders like Axis Bank, ICICI Bank, Kotak Mahindra Bank and IDFC First Bank bought a stake in Yes Bank in March 2020, after the handover of Yes Bank’s management to the State Bank of India (SBI). These shares were bought at ₹ 10 apiece. About 75 percent of the total shareholding in the bank [...]
Nuvoco Vistas Corporation Ltd, the fifth-largest cement group in India, saw its shares increase by 2.5 percent in the early hours on Friday to trade at Rs 380 levels. The scrip traded in green even after the company posted disappointing quarterly earnings. In Q3FY23, the company posted a loss of 75.29 Crores as against a [...]
Investment research firm Morgan Stanley Capital International (MSCI) on Thursday rejigged its MSCI India Index as a part of its regular review for February. A few Indian stocks were added to its portfolio, whereas a few others were removed. These changes will be effective from February 28, 2023. Index funds, hedge funds, exchange-traded funds and [...]
Insurance behemoth Life Insurance Corporation of India’s (LIC) shares rose 4.38% on Friday’s early trades, in an otherwise weak market after the company reported a multifold rise in its net profit for the October-December quarter of 2022. Its shares reached an intraday high of ₹ 640.00 apiece and were trading at ₹ 622.55 apiece at [...]
Indian Railway Catering and Tourism Corporation (IRCTC) remained in focus on Friday after the monopoly reported a growth in its quarterly revenue and net profits numbers. In Q3FY23, the company reported a total revenue of Rs 918.06 Crores, an increase of 70 percent YoY from Rs 540.21 Crores and 14 percent QoQ from Rs 805.8 [...]
WPIL Ltd, a leading pump and pumping systems company saw its shares hit an upper circuit of 20 percent at Rs 1,683 levels and reach a new all-time high in the early hours of Friday. The shares climbed to a high after it reported robust quarterly earnings growth. In Q3FY23, the company reported a total [...]
Mukesh Ambani-led Reliance Industries’ shares have lost 14% in over two months. They were at ₹ 2723 levels at the beginning of December and were trading at ₹ 2331.95 apiece at 11:31 AM on Friday. Abhijeet Bora, DVP Research Analyst at Sharekhan by BNP Paribas said that a decline in the share price of Reliance [...]
Index provider MSCI on Thursday said that it had determined that some securities from the Adani group should no longer be designated as free float. This happened after market participants raised concerns about the eligibility of the conglomerate’s companies for its indices. MSCI will be announcing the changes for Adani’s Securities associated with its MSCI [...]
