The Nifty IT Index inched higher on Monday after it gained a whopping 4.30% on Friday. In the last two days, it has gained 5.43% to reach 29945.15 points. The Indian, as well as global markets strengthened after inflation from the US, showed signs of cooling, coupled with a weaker dollar. The Nifty IT Sector [...]
Mukesh Ambani and Gautam Adani are set to lock horns again. The two business moguls have been in the race to become the richest man in India. However, this time the two are in the fight to acquire Future Retail. Kishore Biyani’s Future Retail is undergoing insolvency proceedings. This means that the bankrupt enterprise is [...]
The shares of the Tata group stock, Indian Hotels Company Ltd reached a new 52-week high of Rs 349 on Friday. However, till the afternoon the shares trembled and were trading down by 7.5 percent at Rs 313 levels. The company reported a 69 percent increase in its revenue which stood at Rs 1,232.61 crore [...]
The shares of Zomato Ltd soared higher by 9 per cent to trade at Rs 69 levels in the early hours of the last trading day of the week. This came after the company posted strong Q2 results yesterday. In Q2FY23, the company narrowed its losses to Rs 251 crore down from Rs 430 crore [...]
Bulls took a breather on Thursday and the markets took a downturn on Thursday. Benchmark indices halted a two-day winning run. The BSE Sensex was quoting at 60,686 points, down 347 points, while the NSE Nifty 50 was quoting at 18,052 points, down 104 points or 0.57%. After withdrawing funds in the last two months, [...]
The shares of Balrampur Chini Mills Limited were trading 1.5 per cent lower till Thursday afternoon at Rs 324 levels. For the past month, the stock has been volatile and has shed approximately 10 per cent. However, the stock has delivered a multibagger return of 118 per cent in 2 years as the share price [...]
Investors lost ₹ 9,000 per share after MRF’s share price plunged 9.48 percent on Wednesday to reach an intraday low of ₹ 85901.65. This happened after the company reported a substantial decline in its margins. Its shares were trading at ₹ 86,724.10 apiece, 8.60 per cent lower at 02:51 PM on Wednesday. The Chennai-based tyre [...]
The Nifty PSU Bank index stole the market’s thunder, as it zoomed to the tune of 11% in the past week to reach 3781.90 points! This move was propelled by the pleasantly surprising results posted by index heavyweights, Bank of Baroda, Canara Bank and the State Bank of India at the beginning of this week. [...]
The shares of Rungta Irrigation Ltd were locked in the upper circuit of 5 per cent in the early hours on Monday at Rs 43.25 levels. In the past six months, the stock has gained approximately 76 per cent. In November 2021, the shares were trading at Rs 20.85 a piece on BSE. From there [...]
Leading skills and talent development corporation, NIIT’s share price rose by a whopping 12.87% to reach an intraday high of ₹ 331.90 apiece on the National Stock exchange. Its shares were trading at ₹ 324.50 apiece, up 10.36% at 11:53 AM on Monday. The company on Saturday announced that it has acquired 100% membership interest [...]
