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Markets / Business Today

BSE, NSE to remain closed tomorrow for Mumbai elections? Here's what you need to know

The Multi-Commodity Exchange (MCX) will be closed for the morning session but open for the evening session.

19 May 2024 9:55 pm
IndiGo to Vistara: Why airlines continue to face challenges

While new airports are coming up fast and passenger traffic is scaling all-time high levels, flight cancellations and delays continue to affect travellers

19 May 2024 8:51 pm
400 plus for BJP or a truncated win? How to read the markets before the big verdict on June 4

The uncertainty about the election results stems from the difficulty in getting it right in a nation of the size and complexity of India and currents and cross-currents of electoral politics.

19 May 2024 6:41 pm
D-Street rebounded sharply amid rising hopes for rate cut, positive global cues. What to expect from FIIs?

The BSE Sensex surged 1,341 points, or 1.85percent, to 74,006 during the week ended on May 18. The Nifty gained 447 points, or 2.03percent, to 22,502. Sector-wise, the BSE Capital Goods index was the top performer surging by 10percent.

19 May 2024 3:13 pm
FPIs withdraw Rs 28,200 crore from Indian market on poll uncertainties, attractive China valuations

This withdrawal surpasses the net pullout of over Rs 8,700 crore in April, attributed to concerns over a tweak inIndiastax treaty with Mauritius and a sustained rise in US bond yields, PTI reported. Before this, FPIs made a net investment of Rs35,098 crore in March and Rs 1,539 crore in February.

19 May 2024 2:32 pm
Market cap of 8 of top 10 most valued firms climbs Rs 1.47 lakh crore; LIC, Reliance majorgainers

The valuation of LIC zoomed Rs 40,163.73 crore to Rs 6,16,212.90 crore. Reliance Industries added Rs 36,467.26 crore, taking its market valuation to Rs 19,41,110.70 crore.

19 May 2024 12:07 pm
Asian Paints, Berger Paints, Kansai Nerolac: Which paint major to bet on post Q4 results?

While maintaining a Buy call on Asian Paints, Systematix Institutional Equities in a report said that the paint major delivered weaker-than-expected Q4FY24 results.

19 May 2024 11:57 am
'Hasn't ended well...': After Nirmala Sitharaman, CEA Anantha Nageswaran raises an F&O red flag

Finance Minister Nirmala Sitharaman had earlier this week cautioned against an unchecked explosion in retail F&O trading saying it may potentially create problems in household finances.

18 May 2024 8:21 pm
Stop using banned calcium carbide for ripening fruits, gov warns traders as mango season peaks

The government also said that the State and Union Territory Food Safety Departments have been put on alert and urged to take action against violators under the provisions of the FSS Act, 2006.

18 May 2024 7:35 pm
Why Indian retail pharmacy sector is on a growth trajectory

Pharmaceutical analysts have indicated that the sector's growth outlook remains positive.

18 May 2024 7:09 pm
Up to 1,200% growth in FY24 profits: These 7 large-caps have rallied sharply amid multi-fold surge in PAT; own any?

Led by strong rise in profitability, these stocks have also rallied sharply and given up to 200% return in the last one year.

18 May 2024 3:19 pm
Sensex closes above 74,000, Nifty ends above 22,500 in special trading session

The BSE's barometer Sensex rose 88.91 points, or 0.12 per cent to 74,005.94-mark. NSE's Nifty50 gained 35.90 points, or 0.16 per cent, to 22,502.00.

18 May 2024 1:15 pm
OYO withdraws DRHP, to refile IPO post $450 mn refinancing: Sources

OYO had filed preliminary IPO documents with the Securities and Exchange Board of India (Sebi) for a Rs 8,430 crore IPO in September 2021.

18 May 2024 12:31 pm
Rising rates of hypertension driving growth in cardiac drugs market

The growth rate of the market value of anti-hypertensives recorded fluctuations over the years but maintained a stable demand overall, according to Pharmatrac data.

18 May 2024 11:20 am
These sectors may deliver solid returns if PM Modi comes to power again. Take a look

Defence players such as Astra Microwave Products and Hindustan Aeronautics have gained 124% and 194%, respectively, since May 17, 2023.

18 May 2024 11:07 am
'Abandoned baby of Indian markets...': Zerodha co-founder Nithin Kamath laments high STT on intraday equity

In a recent BSE interaction, Finance Minister Nirmala Sitharaman was questioned by a broker on the hoard of taxes his community has to bear.

18 May 2024 10:32 am
Go Digit General Insurance IPO allotment status: Check application, latest GMP and listing date

ICICI Securities, Morgan Stanley India Company, Axis Capital, Nuvama Wealth Management, HDFC Bank and IIFL Securities are the book running lead managers of the Go Digit IPO.

18 May 2024 10:06 am
Sensex, Nifty end first phase of Saturday's special trading sessionon a flat note

BSE barometer Sensex rose 129 points, or 0.17 per cent to Rs 74,047-mark. NSE's Nifty50 added 43.05 points, or 0.19 per cent, to 22,509.15.

18 May 2024 9:39 am
FIIs sold Rs 50,000 crore of shares in 5 weeks; here's why

After purchasing equities worth Rs 13,672 crore from April 8-12, FIIs offloaded Rs 50,260 crore of sharesbetween April 15 and May 17. The buying appetite of DIIs capped the downside. According to data from the exchanges, DIIs bought shares worth Rs 64,400 crore during the same period.

18 May 2024 7:31 am
Delhi HC sets aside single-bench order asking SpiceJet to pay Rs 270 cr to KalanithiMaran

SpiceJet and Singh had approached the Delhi HC where they sought to annul the portion of the award which instructed them to refund Rs 270 crore to Kal Airways and Maran.

17 May 2024 7:57 pm
NSE, BSE to hold special trading session on Saturday (May 18): Check timings, other key details

NSE and BSE will undergo an intraday switch from the primary site to the disaster recovery (DR) site during the mentioned session.

17 May 2024 6:52 pm
Brightcom Group shares dive 14% in 3 days as NSE's 'trading suspension' sword hangs; see analyst views

Brightcom Group share price: The stock plunged 5 per cent to settle at its fresh one-year low of Rs 11.08. At this price, it cracked has 14.18 per cent in three trading days and 25.59 per cent in a month.

17 May 2024 5:40 pm
Cochin Shipyard shares jump 7% to hit fresh record high; here's what analysts say

Cochin Shipyard share price: The stock surged as much as 6.89 per cent in intraday trade to hit an all-time high of Rs 1,438.65. It eventually settled 5.13 per cent higher at Rs 1,414.90. At this price, the multibagger scrip has gained 107.61 per cent in 2024 so far and 417.43 per cent in a year.

17 May 2024 4:38 pm
BSE, NSE: Will stock market be closed on Monday, May 20, for Mumbai elections?

Elections 2024: Voters in Mumbai North, Mumbai North-West, Mumbai North-East, Mumbai North-Central, Mumbai South-Central and Mumbai South will cast their votes on May 20, Monday.

17 May 2024 3:56 pm
Mazagon Dock shares hit record high: Price targets, resistance, technicals and more

Multibagger stock: Mazagon Dock Shipbuilders stock surged 14.57% to Rs 2794.40 against the previous close of Rs 2439 on BSE. Market cap of Mazagon Dock rose to Rs 55,808 crore.

17 May 2024 3:15 pm
Election-proof stocks: Hedge portfolio with these shares ahead of poll outcome

Stocks to watch: Any potential freebies post elections can significantly re-rate consumer sector. PL likes HUL, ITC, Britannia and Titan Company shares.

17 May 2024 2:41 pm
BJP or INC-led INDIA? Stocks to buy in 4 different election outcome scenarios

If the Indian National Congress (INC)'s INDIA alliance makes a surprise win, it would lead to derating for the domestic stock market, said Prabhudas Lilladher adding that sectors such as defence, capital goods and tourism could take a hit.

17 May 2024 1:35 pm
Go Digit IPO sails through on last day of bidding; all categories fully booked

The Pune-based Go Digit General Insurance is selling its shares in the price band of Rs 278-272 apiece. Investors can apply for a minimum of 55 shares and its multiples thereafter.

17 May 2024 1:12 pm
Vedanta shares climb on Rs 8,500 crore fundraising plan, dividend

Vedanta has announced investments in Vedanta Copper International VCI Company Limited for setting up of Continuous Cast Copper Rod Plant in Kingdom of Saudi Arabia.

17 May 2024 12:58 pm
Vodafone Idea shares climb 4% even as Q4 loss widens; here's why

Vodafone Idea share price: The company's consolidated revenue moved 0.7 per cent higher on a year-on-year (YoY) basis to Rs 10,607 crore for the quarter ended on March 31, 2024.

17 May 2024 12:54 pm
Biocon shares: Why brokerages divided on this pharma counter after Q4 results

Biocon, founded in 1978, is one of Indias leading biopharma company. It is fully integrated and delivers biopharma solutions, ranging from discovery to development and commercialisation.

17 May 2024 12:15 pm
L&T's construction arm bags 'significant' order; stock down

L&T share price: Shares of L&T were last seen trading 0.38 per cent lower at Rs 3,446.45 today. At this price, the stock has slipped 2.15 per cent on a year-to-date (YTD) basis.

17 May 2024 11:46 am
Air India flight with 180 passengers collides with tug tractor at Pune Airport

According to reports, the aircraft sustained damage to its nose and a tyre near the landing gear as a result of the collision. Despite the impact, all passengers and crew members were confirmed to be safe by an airport official with no casualties reported.

17 May 2024 11:44 am
CochinShipyardshares approach Rs 1,400 mark, hit record high; whats next?

CochinShipyardshares gained 3.81% to a high of Rs 1397.25 against the previous close of Rs 1345.90. Market cap of the defence stock stood at Rs 35,880 crore.

17 May 2024 11:29 am
Infosys shares fall; SD Shibulal's family member sells partial stake

Infosys promoters held a total 14.71 per cent stake in the IT firm as on March 31. SD Shibulal held 52,08,673 shares or 0.14 per cent stake while his wife Kumari Shibulalheld 49,45,935 shares or 0.13 per cent stake in the IT firm.

17 May 2024 11:17 am
Kaynes Technology shares zoom 16% on strong Q4 earnings. Details here

Kaynes Technology share price: Profit after tax (PAT) came at Rs 81.3 crore, up 96.8 per cent on a year-on-year (YoY) basis. During the quarter under review, PAT margin was at 12.8 per cent. Revenue from operations jumped 74.8 per cent (YoY) to Rs 637.3 crore in Q4 FY24.

17 May 2024 10:55 am
Multibagger metal stock in a bull run, hits record high for fourth session; heres why

Multibagger stock: Jindal Steel stock gained 1.65% to Rs 1021.95 against the previous close of Rs 1005.30 on BSE. The stock hit record high for the fourth straight session today after the firm announced its Q4 and FY24 earnings on May 13 post market hours.

17 May 2024 10:34 am
Adani Ports shares fall as Norway's Norges Bank to cut-off Adani Group firm

Adani Ports was under observation since March 2022, and the decision for exclusion is based on a recommendation from the Council on Ethics of November 21, 2023.

17 May 2024 10:17 am
BJP may improve 2019 seat tally; concerns of a repeat of 2004 misplaced, says Antique

Elections 2024: Antique said the final turnout data may increase further as the Election Commission has provided an optional postal ballot facility for the first time to voters above 85 years.

17 May 2024 10:15 am
Vodafone Idea shares: Motilal maintains 'neutral' on telecom stock, says this

Vodafone Idea shares rose 0.23 per cent to Rs 13.24 on BSE. The stock is down 22 per cent year-to-date. Motilal Oswal said cost savings resulted in 2 per cent Q4 Ebitda growth, sequentially.

17 May 2024 9:24 am
Multibagger stock climbs 7% on stellar Q4 earnings, dividend announcement

Multibagger stock: Triveni Turbine shares rose 6.84% in early dealsagainst the close of Rs 605.05 in the previous session. The power sector stock has gained 44.09% this year and risen 57.54% in a year.

17 May 2024 9:23 am
eClerx Services stock in focus as IT firm announces share buyback, dividend & Q4 results

EClerx Services share buyback: The IT firm said its board has approved the proposal of buy back of not exceeding 13,75,000 fully paid-up equity shares of face value Rs 10 each for an amount not exceeding Rs 385 crore.

17 May 2024 9:05 am
'Most inexpensive stock': Here are share price targets for LIC Housing Finance

LIC Housing's re-rating hinges on higher loan growth, said Prabhudas Lilladher. This brokerage has upped its target price on the stock to Rs 660 from Rs 540 but retained its Hold rating.

17 May 2024 8:16 am
Coal India Share Price LIVE: Stock up 2.77% in last one month; What you should know

Coal India Ltd Stock Price Live: The Coal India Ltd has been in focus today amid company-specific news and/or recent price action on the counter. Coal India Ltd shares settled the previous traded session at 468.30, up 0.1%. The stock has traded in a wide range of 487.60 and 223.25 in the last one year. At last count, the Coal India Ltd sector company commanded a market capitalisation of 2.89 Lakh Crore. Heres a deep dive Coal India Ltd stock performance, peer returns, historical details, & other

17 May 2024 8:00 am
REC Share Price LIVE: Stock up 0.53% in last one month; What you should know

REC Ltd Stock Price Live: The REC Ltd has been in focus today amid company-specific news and/or recent price action on the counter. REC Ltd shares settled the previous traded session at 541.10, up 2.35%. The stock has traded in a wide range of 567.15 and 127.40 in the last one year. At last count, the REC Ltd sector company commanded a market capitalisation of 1.42 Lakh Crore. Heres a deep dive REC Ltd stock performance, peer returns, historical details, & other insights

17 May 2024 8:00 am
Titagarh Rail Systems shares: Up 273% in 1 year, can this railway stock rise further?

Multibagger stock: Titagarh Rail Systems shares rose 273 per cent in the past one year. Nuvama's target price suggests a 22 per cent further upside on the multibagger stock.

17 May 2024 7:19 am
IEX share price target: Q4 results below estimates, 20% downside likely, says Nuvama

IEX target price: Nuvama said it factors in 17 per cent volume CAGR for FY2426E and 1415 per cent over the long term and yet finds limited upside potential in its DCF-based target price of Rs 119.

17 May 2024 6:42 am
Brightcom Group clarifies on 'potential suspension of trading' as shares hit one-year low

Brightcom Group share price: On Brightcom's part, there have been delays in terms of financial reporting, annual general meeting (AGM) scheduling and C-suite level appointments. It was also under Securities and Exchange Board of India's (Sebi's) watch over preferential issue of shares and warrants.

16 May 2024 7:19 pm
Air traffic to grow upto 340 million FY25; airlines revenue to grow 15-17%: ICRA

International air traffic that regained the pre-pandemic levels in FY24, is expected to further grow by 10-14% in the current fiscal year.

16 May 2024 6:05 pm
Vedanta approves Rs 8,500 crore fundraise; declares interim dividend of Rs 11 per share

Vedanta share price: The announcements were made post-market hours today. Vedanta shares slipped 0.96 per cent to settle at Rs 433.20.

16 May 2024 5:48 pm