The share market will remain closed on Thursday. The experts opined that the foreign investors’ trading activity, and currency fluctuations in the rupee and dollar, would also affect investor sentiments and market trends. On Monday, the Nifty 50 and Sensex hit record highs, boosted by global market trends and a surge in large-cap auto stocks … Read more
New Delhi: Investors are expected to closely monitor developments in the upcoming week as Q4 results are unveiled, says Vinod Nair, Head of Research, Geojit Financial Services. The auto sector anticipates positive results in Q4 due to volume growth in the premium segment and higher price realisation, while weakness in the commercial vehicle and tractor … Read more
It’s a tale of two Wall Streets. Hundreds of thousands of junior bankers are cutting back after their bonuses were a bust this year. But the very top of the 1% is living large thanks to the stock market surging and Bitcoin soaring — meaning their inflation-beaten bonuses didn’t affect their wealth. The stock market’s … Read more
Indian stock markets witnessed a strong rally in Thursday’s trading session, which happens to be also the last trading session for the week, month and the financial year. The Sensex surged 900 points higher while Nifty50 topped the 22,400 mark. The combined market capitalisation of all listed stocks on BSE jumped by Rs 2.74 lakh … Read more
From the Sensex basket, Maruti, Power Grid, Nestle, IndusInd Bank, Tata Consultancy Services, and Wipro were the major gainers. | Photo Credit: Reuters Benchmark equity indices rebounded in early trade on March 20 after a sharp decline in the previous trade amid a rally in global markets and fresh foreign fund inflows. The 30-share BSE … Read more
Bollywood superstar Ajay Devgn has invested significantly in Panorama Studios International, a film production company experiencing a remarkable stock market rise. The Singham actor acquired 1 lakh equity shares through a preferential issue, injecting Rs 2.74 crores into the small-cap company. Ajay Devgn enters stock market; invests Rs 2.74 crores in Panorama Studios International Panorama … Read more
Infosys founder NR Narayana Murthy New Delhi: India has probably seen its youngest millionaire in Ekagrah Rohan Murty – the four-month-old grandson of Infosys founder N.R. Narayana Murthy. According to a regulatory filing, Narayana Murthy has gifted shares worth more than Rs 240 crore to his grandson. Ekagrah Murty received 15 lakh shares, or 0.04 … Read more
Diverging fortunes for the massive technology and growth names that have propelled the U.S. stock market higher are throwing a spotlight on their pricey valuations. The so-called “Magnificent Seven” are collectively trading at an average of 33 times their expected earnings for the next 12 months, up from 26 at the end of 2022, according … Read more
New Delhi: Mid and small cap funds accounted for 59 per cent of assets under management (AUM) and 87 per cent of flows in FY24, global brokerage firm Jefferies said. Midcap and Small Cap index outperformed Nifty by 28 percentage points and 34 percentage points respectively in FYTD24 (i.e. Since April, 2023) driven by strong … Read more
Last Updated: March 15, 2024, 14:09 IST Union finance minister Nirmala Sitharaman. (Image: News18) On Crypto assets, Sitharaman said, they cannot be currencies and that’s the government of India’s position. Finance minister Nirmala Sitharaman on Friday said despite huge fluctuations globally, the Indian stock market has maintained “a certain level of sanity” and the market … Read more
