Other factors have also been at play. According to Dhiraj Relli, MD & CEO of HDFC Securities, the gradual rise of the market over the past few days has been fed by participants wary of high valuations. Relli said they also fear sharp profit booking before or after the budget, […]
Gold prices declined on Tuesday, influenced by a rise in the dollar and Treasury yields as investors awaited U.S. inflation data later in the week. This data is crucial as it could offer insights into the Federal Reserve’s potential timing for interest rate adjustments this year. As of 10:17 a.m. […]
Sanghi Industries announced on Tuesday that its promoters, Ambuja Cements and Ravi Sanghi, will sell stakes in the company through an offer for sale (OFS). The promoters plan to sell 9,092,000 shares, representing 3.52% of the total issued and paid-up equity share capital, the company said in an exchange filing. […]
Nvidia Corp stock rebounded on Tuesday, lifting other AI-linked shares and tech-heavy Nasdaq higher. At 11:16am EDT, Nvidia Corp stock was at $124.03, up $5.92or5.01per cent. It is on track to break a three-day losing streak. US-listed Taiwan Semiconductor Manufacturing , Broadcom and Qualcomm gained between 0.5 per cent and […]
Stock market today: Domestic equity benchmarks Sensex and the Nifty 50—hit fresh record highs on Tuesday, June 25, amid weak global cues even as the mid-and small-cap segments faltered. The Nifty 50 benchmark hit its fresh all-time high of 23,754.15, while the Sensex scaled its fresh peak of 78,164.71 during […]
Quant Mutual Fund, which is under the Securities and Exchange Board of India (SEBI) scanner over an alleged front-running case, is one of the country’s fastest-growing fund houses. According to data collected from ValueResearch, it has a total assets under management (AUM) of more than ₹84,000 crore. The decade-old fund […]
Garden Reach Shipbuilders (GRSE) enjoyed another bullish day as the PSU’s stock surged 18% to reach a new all-time high of ₹2,065 apiece during today’s intraday trade, before closing the session with a 11% gain at ₹1,946. Today’s rally pushed the stock’s gains to multibagger returns of 123% in CY24 […]
The company is currently expanding the capacities of its current manufacturing facilities and captive power plant. This is anticipated to raise the combined installed capacity of these facilities—which includes both intermediate and final products—from 2,31,600 TPA to 5,00,100 TPA and the combined installed capacity of the captive power plant from […]
“As envisaged in Feb-24 report, Nifty sailed through election based volatility and approached our target of 23400, Post election outcome, as anxiety settles down, while reigniting expectations on reforms agenda, budgetary allocations and earnings, markets have once again resumed upward trajectory,” said the firm in a note. The brokerage firm […]
The stock hit its record high of ₹1,199.35 and its market cap crossed $100 billion in intra-day deals today. The stock has now risen over 33 percent from its 52-week low of ₹898.85, hit on October 26, 2023. “While we estimate margins to remain range-bound in the near term, the […]