Indian stock market: Indian equity benchmark indices, Sensex and Nifty 50, are expected to open on a tepid note Monday tracking mixed cues from global peers. Asian markets traded mixed, while the US stock market ended at record levels last week led by a rally in megacap tech stocks. Data showed US jobs growth slowed … Read more
Indian stock market opened July on a spectacular note and achieved its longest winning streak since December 2023 amid the relentless bullish rally powered by the return of foreign funds and investor sentiments stabilising over Modi 3.0 coming to power. Bulls seem to have tightened their grip on Indian markets ahead of Union Budget 2024, … Read more
Gold rate today witnessed selling pressure as investors await the release of the US inflation data on Friday. Gold futures contract on the Multi Commodity Exchange (MCX) for August 2024 expiry opened downside at ₹71,422 per 10 gm and intraday low of ₹71,402. However, the MCX gold rate witnessed some buying at the lower level … Read more
Asian markets traded higher, while the US stock market ended largely in the red dragged by selling in technology stocks. On Monday, the Indian stock market indices ended with minor gains led by heavyweights. The Sensex gained 131.18 points, or 0.17%, to close at 77,341.08, while the Nifty 50 settled 36.75 points, or 0.16%, higher … Read more
Buy or sell stocks for today: The domestic benchmark, Sensex and Nifty 50, closed Thursday’s session in positive territory after navigating through some volatility during the trading day. The 30-share BSE Sensex closed up by 141.34 points, or 0.18%, at 77,478.93, while the Nifty 50 ended the day at 23,567.00, gaining 51.00 points, or 0.22%. … Read more
HCL Technologies share price rallied nearly 3% in early trade on Wednesday after the IT major announced the expansion of strategic partnership with Deutsche Apotheker- und Ärztebank eG (apoBank), Germany’s largest cooperative primary bank. HCL Tech shares gained as much as 2.95% to ₹1,472 apiece on the BSE. HCL Technologies will accompany apoBank with an … Read more
ITC shares got a ratings downgrade from brokerage firm Emkay Global Financial Services on the back of near-term business pressures like cigarette margin stress, demand in paper business and margin weakness, and the slowdown in agri business Emkay Global recently downgraded its rating on ITC shares to ‘Add’ from ‘Buy’ and also cut ITC share … Read more
In the first week of June, investors will keenly eye the ongoing Lok Sabha election developments, the upcoming Monetary Policy Committee (MPC) meeting by the Reserve Bank of India (RBI), domestic and global macroeconomic indicators, auto sales figures, foreign fund inflow, crude oil prices, and global cues. Also Read: Bulls to reign on D-Street after … Read more
FPIs offloaded ₹25,586 crore worth of Indian equities and the total outflow stands at ₹12,911 crore as of May 31, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL) data. The total debt inflows stand at ₹8,761 crore in May 2024. “FPIs have been sellers in equity on most … Read more
The frontline indices had fallen for five straight sessions until Thursday and are down 2.4 per cent from an all-time high hit early this week amid high volatility ahead of the Lok Sabha poll results. On a weekly basis, Sensex tanked 1,449 points while Nifty plunged by 426 points, recording their first weekly decline in … Read more