The shares of Samvardhana Motherson International shed approximately 2 percent and were trading at Rs 68.75 levels till the afternoon on Thursday. In the past six months, the stock has shed approximately 11 percent. Motherson Sumi Systems is engaged primarily in the manufacture and sale of components to automotive original equipment manufacturers. In fact, it [...]
Indian markets opened higher on Thursday, tracking global equities. However, most shares slipped into the red, barring pharma and information technology stocks. The Sensex was at ₹ 60880 levels and the Nifty was at 18140 levels after shedding about 0.5% each. Here are a few stocks that reached their 52-week low on Thursday: BSE Ltd [...]
Rekindled covid fears have started haunting D-Street. The Sensex tumbled 885 points in the past two days and is at 60740 levels. Similarly, the Nifty 50 shed 330 points and is quoting at 18090 levels. While many other stocks were coloured in red, Pharma stocks climbed for the third day in a row, owing to [...]
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Benchmark equity indices BSE Sensex and NSE Nifty 50 ended in the red on Wednesday, after starting the session in the green, tracking global markets. Financial shares dragged the indices lower while gains in healthcare and IT shares supported the market. The BSE Sensex ended the session at 61067.24 points, down 1.03% or 635.05 points. [...]
The shares of Axis Bank Limited continued to rally on Wednesday and reached a new 52-week high of Rs 958.90 in the early hours. In the span of a month, the stock has zoomed approximately 8 percent. Axis Bank is the third largest private sector bank in India. The Bank offers the entire spectrum of [...]
Global brokerage Jefferies said that its model portfolio has outperformed the Nifty by 209 bps from January to October 2022. However, since then it has underperformed as it raised cash, and the performance of the metals and the auto sector reversed. In its recent portfolio rejig, Jefferies chose two metal stocks — Tata Steel and [...]
The Indian stock market remained volatile on Wednesday ahead of the release of the Reserve Bank of India's latest policy meeting minutes and key macroeconomic data from the U.S. Till the afternoon, the Nifty 50 was trading 210.90 points or 1.15% lower at 18,174 levels while the BSE Sensex had shed 680.66 points or 1.10% [...]
The shares of Tirupati Forge Ltd, a small-cap company advanced 13.37% to reach a fresh 52-week high of ₹ 25.00 apiece on Wednesday’s early trades. This happened after Aegis Investment Fund, a Mauritius-based foreign institutional investor (FII) bought its shares. Its shares were trading at ₹ 23.60 apiece at 12:00 PM. According to the data [...]
