Equity benchmarks rallied in initial trade on Monday amid positive trends in global markets and buying in IT counters. The 30-share BSE Sensex climbed 367.92 points to 60,268.29. The broader NSE Nifty advanced 119.4 points to 17,978.85. From the Sensex pack, Tech Mahindra, Tata Consultancy Services, Tata Motors, Bharti Airtel, Tata Steel, HCL Technologies, Wipro, [...]
The shares of Raghav Productivity Enhancers Ltd, a small-cap multibagger stock were in the green after two ace investors, Ashish Kacholia and Mukul Agrawal bought a fresh stake in the company.Raghav Productivity Enhancers manufactures ramming mass and other quartz-related products. It manufactures, supplies and exports silica (acidic) ramming mass. Ramming mass is used as a [...]
Upcoming key US jobs data is expected to be encouraging which would influence the next Fed’s policy. The market already remains sensitive to FIIs selling and IT stocks traded with deep cuts ahead of the release of corporate earnings next week as the growth is anticipated to be muted. Geojit Financial Services As markets remain [...]
Gem and jewellery exporters on Sunday urged the government to announce support measures like the abolition of import duty on raw material for lab-grown diamonds and jewellery repair policy to promote the sector and boost shipments in the forthcoming Budget. The industry also suggested the introduction of presumptive taxation on diamond sales at special notified [...]
Eight of the top 10 most valued firms faced a combined erosion of Rs 1,06,991.42 crore in market valuation last week, with IT majors Infosys and Tata Consultancy Services along with HDFC Bank taking the biggest hit. Last week, the Sensex declined 940.37 points or 1.55 per cent. Barring Hindustan Unilever and Life Insurance Corporation [...]
Foreign investors offloaded nearly Rs 5,900 crore from the Indian equity markets in the first week of January on growing concerns over the re-emergence of Covid in some parts of the world and recession worries in the US. Foreign Portfolio Investors (FPIs) have been adopting a cautious stance toward Indian equity markets for the past [...]
Trend in the equity market will be guided by a host of factors lined up this week, including inflation numbers, IIP data and quarterly earnings from IT majors, analysts said. Global cues, movement of the rupee, Brent crude oil and foreign funds will also influence Dalal Street this week, they added. "We have important macroeconomic [...]
Sticking to stocks for a long period of time has helped many investors make fortunes, especially when the fundamentals of a company are strong. The stock market tends to compound investments over a long period of time.The shares of Pidilite Industries Limited were available at ₹ 11.39 apiece twenty years ago. Its shares closed at [...]
The government has received multiple preliminary bids for strategic sale of about 61 per cent stake in IDBI Bank. "Multiple Expressions of Interest received for the Strategic Disinvestment of Govt and LIC Stake in IDBI Bank," Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey tweeted. The transaction will now move to [...]
Jaypee Group's flagship firm Jaiprakash Associates has defaulted on loans of Rs 4,059 crore, comprising both the principal and interest amount. In a regulatory filing, Jaiprakash Associates Ltd (JAL) said the company on December 31 defaulted on repayments of principal amount Rs 1,713 crore and interest of Rs 2,346 crore. The loans pertained to various [...]
