Shares of Finolex Cables surged over 25 percent in 2 sessions after the company posted better-than-expected results for the quarter ended March 2024 (Q4FY24). The stock jumped as much as 11.7 percent in intra-day deals on Monday to its record high of ₹1,433. This is the second consecutive session in which the stock hit a … Read more
Over the past 3 months, the Indian market has traded cautiously, with the Nifty50 index confined to a narrow range of 1,000pts, between 21,800 and 22,800. However, this week has seen a departure from this trend, as the market comfortably surpassed this range, closed at a new high of 22,952 after intraday crossing 23,000. In … Read more
At present, I am a non-resident India (NRI) working in Finland and want to start investing in the Indian stock market. While I live alone here, my family resides in India. I plan to work for a maximum 6 to 7 years in Finland and then come back to India. I have a house in … Read more
Adani Ports & SEZ: Adani Group is preparing a $3 billion fund to increase its global ports capacity and establish a significant presence in the corridor connecting India to Europe via Central and West Asia. The group plans to increase its port capacity from 600 million metric tonnes per annum (MMT) to 800 MMT in … Read more
The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) will be observing a significant closure on May 20. This is due to the fifth voting phase for the Lok Sabha Election 2024 in Mumbai, marking the second holiday of the month. The closure is in line with the seven-phase election, as all six seats … Read more
The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 22,375.50 level, a premium of nearly 65 points from the Nifty futures’ previous close. Tuesday saw the stock markets extend their winning streak for the third day in a row as advances in index … Read more
Indian equities are likely to trade with a downward bias ahead of general elections results, but analysts do not expect a prolonged correction with the market expected to offer buy-on-dip opportunities. Premal Kamdar, Analyst at UBS Securities said he remains cautious on small- and midcap (SMID) companies due to rich valuations and downside earnings risk … Read more
However, Gift Nifty’s trends suggest a favorable opening for the Indian benchmark index. Currently, Gift Nifty is hovering around the 22,432 level, representing a premium of approximately 39 points over the previous close of Nifty futures. On Tuesday, both equity benchmark indices ended in red on an all-round selloff, defying positive global cues. Also read: … Read more
Shares of REC surged 9.5 percent in intra-day deals today, May 2 to hit a new high of ₹555.45 on the back of strong March quarter (Q4FY24) results. Including today’s rally, the stock has extended gains for the eighth straight session, soaring 30.5 percent in this period. The PSU (public sector undertaking) company posted a 33 … Read more
The trends on Gift Nifty indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 22,740 level, a premium of nearly 25 points from the Nifty futures’ previous close. On Tuesday, the domestic equity indices ended lower with the Nifty 50 holding above 22,600 level. The Sensex fell 188.50 points … Read more