Indian banks have established themselves on a much stronger footing led by cleaner balance sheets, record profits and inexpensive valuations, foreign brokerage firm CLSA said. “We believe Indian banks are well placed after a rollercoaster decade. Balance sheets are the strongest they have been in over a decade and profits […]
Stock market today
Last week, markets stayed in a consolidation phase and ended slightly higher, taking a pause after the volatile post- election week. The NSE Nifty 50 settled 0.29 per cent higher at 23,465.60, while the S&P BSE Sensex added 0.24 per cent at 76,992.77, with both benchmarks also recording their second-straight […]
The NSE benchmark has demonstrated consolidation with a 4.4 per cent up move over the past two months despite significant market volatility during the Lok Sabha elections 2024. ‘’Nifty 50 is trading at 15-year average PE with 14.9 per cent EPS CAGR over FY24-26. Our 12- month base case Nifty […]
Ambuja Cements share price will be in focus on Friday after the Adani Group firm announced the acquisition of Penna Cement Industries Ltd (PCIL) at an enterprise value of ₹10,422 crore. Ambuja Cements will acquire 100% shares of PCIL from its existing promoter group, Pratap Reddy and family and the […]
Gold rate today: On account of hawkish US Fed on interest rate fueling US dollar rates, gold price today witnessed a sharp fall in the early morning session. Gold futures contract on the Multi Commodity Exchange (MCX) for August 2024 expiry opened with a downside gap at ₹71,475 per 10 […]
Indian stock market opened at record high on Thursday led by strong buying across the board amid positive global market cues. The benchmark indices, Sensex surged over 500 points to trade above 77,100 level, while the Nifty 50 rallied more than half a percent to around 23,480. Broader markets supported […]
The trends on Gift Nifty also indicate a gap-up start for the Indian benchmark index. The Gift Nifty was trading around 23,460 level, a premium of nearly 100 points from the Nifty futures’ previous close. On Wednesday, the domestic equity market ended higher, with the benchmark Nifty 50 closing above […]
Indian stock market rallied on Wednesday, with the benchmark Sensex surpassing 77,000-mark and the Nifty 50 index hitting record high above 23,440 level. Broader markets outperformed, as the Nifty Smallcap 100 and the Nifty Midcap 100 index were trading over a percent higher each. Barring Nifty Realty and Nifty FMCG, […]
ixigo IPO day 3: The initial public offering (IPO) of ‘ixigo’ parent Le Travenues Technology Limited hit the Indian primary market on June 10 2024. ixigo IPO will remain open until June 12, 2024, so investors have just one day to apply for this mainboard public issue. After the first […]
Sensex Today Live | Share Market updates: Indian stock market benchmark indices, Sensex and Nifty 50, are anticipated to open lower on Wednesday, reflecting mixed global market signals. Trends in Gift Nifty also suggest a subdued start for the Indian benchmark indices. On Tuesday, Indian stock market indices ended flat […]