Stock Market today: Nifty IT Index rebounded 1.3% on Thursday and was among top sectoral index performers. The stocks as Coforge, Persistent, TCS, Mphasis, LTIMindtree, Infosys share prices gained up to 4%. The rebound in the IT index comes after having fallen up to 4.7% year-to-date and around 2.5% […]
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One 97 Communications Ltd, the parent company of Paytm, bore the brunt of the disruption in business following the Reserve Bank of India’s (RBI) restrictions on its payment bank. Expectedly, March quarter (Q4FY24) results were forgettable, but worse is on its way in the ongoing quarter of Q1FY25. Prima facie, […]
The surge comes after the Reserve Bank of India (RBI) announced a substantial ₹2.1 lakh crore dividend to the government. This development is a significant macroeconomic positive for the market, with direct implications for the fiscal deficit and bond yields. “The infusion of funds is akin to an indirect rate […]
The Nifty Midcap 50 closed 0.4% higher, underperforming the Nifty 50. Similarly, the Nifty Small Cap 100 ended at 16880.5, up by 31.4 points and 0.19% higher compared to the Nifty 50. The Nifty 50 has shown the following returns: – In the last 1 week: 2.56% – In the […]
ITC Dividend: ITC announced its January-March quarter results for fiscal 2023-24 (Q4FY24) on Thursday, May 23. While releasing the quarterly numbers, the board recommended a final dividend of ₹7.50 per equity share for the face value of Re 1 each for fiscal 2023-24 (FY24), subject to approval of shareholders. ITC […]
Shares of Adani Enterprises, the flagship company of Adani Group, surged 7.5% to reach a new 52-week high of ₹3,377.50 apiece in today’s trading session. This notable upswing came in the wake of insights provided by IIFL Alternative Research, suggesting the prospective inclusion of Adani Enterprises in the Sensex, potentially […]
Awfis Space Solutions IPO opened for subscription Wednesday, May 22 and will close on Monday, May 27. Awfis Space IPO raised a capital of ₹268.61 crore through an anchor book process, where 32 investors took part in the anchor book offering, on Tuesday, May 21. Awfis Space Solutions Ltd offers […]
In a recent report, brokerage house Emkay said that it believes that the immediate range for Brent is projected between $83 and $92 per barrel, with continued assessment needed for affirmation in the coming months. Analysing the current state of Brent oil prices, the brokerage highlighted that their recent range-bound […]
Bernstein expects sectors such as infra, manufacturing, domestic cyclical, financials, and SOEs (state-owned enterprises) to lead, while consumer and IT will lag. For a few days, SMIDs (small and midcaps) may do better than large caps, said Bernstein. The final two phases of the seven-phase Lok Sabha election 2024 are […]
Star Health was listed at ₹845.00 on December 10, 2021, marking a 6.11 percent discount from its offer price. On the same day, the stock briefly reached a high of ₹940, the only time it surpassed its IPO price. The stock has continued its weak performance, down over 9 percent […]