The equity markets have been volatile this year. Over 30 stocks in the BSE 500 index have tanked more than 50 per cent from their 52-week high levels. Experts believe that weakness in the Indian Rupee, outflows by foreign investors and the effects of the geo-political crisis have been weighing on the market. Here are [...]
Shares of Tata Consultancy Services (TCS) on Tuesday fell by more than 1 per cent in morning trade, a day after announcing its September quarter earnings. The results were announced post market hours on Monday. The stock of the IT services exporter declined 1.15 per cent to Rs 3,085.25 on the BSE. At the NSE, [...]
Snapping a two-day winning streak, domestic equity markets ended lower on Monday. Most sectoral indices were in the red, except for information technology. Analysts believe that Q2 results of IT giants, global trends, the movement of the rupee and macro data will be major triggers for this week. "This week, participants will be eyeing important [...]
Government-owned Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation are expected to post losses in the second quarter ending September of the current fiscal year 2022-23. This may be the first time ever that state oil marketing companies (OMCs) will post losses for the second quarter in a row. As per a report [...]
Equity indices chalked up losses for the second straight session on Monday, in tandem with a bearish trend overseas as ratcheting up of hostilities in Ukraine and prospects of further rate hikes by the US Fed soured global risk sentiment. The rupee slipping to another all-time low against the US dollar amid foreign fund outflows [...]
The shares of IDBI Bank shot up by 10% today as the government invited bids for the bank’s privatization. As of 12:20 IST, the shares of the private sector bank were trading at Rs. 47.07 a piece. Based out of Mumbai, IDBI Bank is a large-cap government-controlled bank with a market value of over Rs. [...]
The shares of Atul Auto Ltd, a Vijay Kedia portfolio stock, shot up 14.05% to reach an intraday high of ₹ 244.40. This happened after the company’s board approved a preferential issue of ₹ 115 crores worth of warrants to promoters and non-promoters of the company, including ace investor Vijay Kishanlal Kedia. Atul auto is [...]
India's largest software services exporter, Tata Consultancy Services (TCS) on Monday will kick off the corporate earnings season for the September quarter of the current financial year (Q2FY23). The company is all set to announce its results scheduled post-market hours on Monday. The shares of the IT giant gained 1.47% and were trading in the [...]
The shares of Global Education Ltd. hit its upper circuit of 4.99% to touch Rs. 403.80 during the early hours of trading on Monday. Global Education is a small-cap educational service provider and consultancy firm based out of Mumbai with a market value of Rs. 411 crores. The company’s shares are expected to trade ex-split [...]
Benchmark Indices turned red on Monday and lost around 0.7%. Oil & Gas and Pharma gained, while IT, Bank, Auto, Metal, FMCG, Consumer Durable and Auto were under pressure. The week had four sessions as the markets were closed on Wednesday on account of Dusshera. Amid a choppy session on Friday, benchmark Indices BSE Sensex [...]
