TBO Tek shares tumbled 5.5% to an intraday low of Rs 1,200 on the BSE on Friday after a Rs 400 crore block deal in the travel distribution firm was intiaited, with Augusta TBO Singapore Pte Ltd and TBO Korea Holdings Ltd looking to offload up to a 3.1% stake, sources told CNBC-TV18. The offer…
READ MOREDespite a nascent recovery in Indian markets, it’s important to highlight that foreign institutional investors (FIIs) have kept up their selling trend in the first two weeks of March. However, this was followed by an emphatic consensus that the sell-off is slowing, something which Indian investors can hang on to. With a little bit of…
READ MOREIndian equity indices opened in the red on Friday, snapping a four-session gaining streak, dragged by IT stocks amid concerns over discretionary spending in the U.S.The BSE Sensex was down 114 points, or 0.15%, at 76,234, while the Nifty50 slipped 14 points, or 0.06%, to 23,176 around 9:19 am. The Nifty IT index dropped over…
READ MORERail Vikas Nigam Limited (RVNL) shares gained 2.4% to the day’s high of Rs 366 in Friday’s early trade after the company announced securing a contract worth Rs 554.64 crore from the National Highways Authority of India (NHAI). The contract involves the construction of a six-lane access-controlled connectivity road to the Visakhapatnam Port in Andhra…
READ MOREPSU stocks will end FY25 on a lackluster note, recording their worst performance of the past three financial years. Nearly 73% or 46 stocks out of 63 analysed by ETMarkets have witnessed a decline of up to 48% so far, and Mazagon Dock Shipbuilders stands tall as the only multibagger in the pack. With just…
READ MOREBitcoin, Ether, and major cryptocurrencies surged on Thursday as investor sentiment improved following the Federal Reserve’s signal that it still expects two rate cuts this year. The Fed left interest rates unchanged on Wednesday, as widely expected, while maintaining its projection for two quarter-percentage-point cuts by year-end. Policymakers, however, raised their inflation forecast and lowered…
READ MOREThe shares of InterGlobe Aviation-owned IndiGo have zoomed 7.9% in just 2 days to hit their new all-time high of Rs 5,187 on the BSE after the airline company shared its ambitious roadmap for FY30. IndiGo, in its investor presentation, shared that it anticipates carrying 118 million passengers in FY25, with early double-digit growth projected…
READ MORE(The author is Founder & Head of Institution, Arihant Capital Markets Ltd)The Integrated Energy Policy of India estimates the share of nuclear power in the total primary energy mix to be between 4% and 6.4% in various scenarios by the year 2031–32. A study by the Department of Atomic Energy (DAE), estimates that the nuclear…
READ MOREWall Street rallied sharply and Treasury yields fell on Wednesday as investors bet that the Federal Reserve will look through rising price pressures and continue cutting interest rates this year, after new projections showed that officials now expect lower growth and higher inflation. While the median projection of two more rate cuts this year is…
READ MOREThe Bank of England looks set to keep interest rates on hold on Thursday as it awaits the impact on the economy of U.S. President Donald Trump’s trade tariff onslaught and of the British government’s imminent tax hike for employers. With UK inflation stuck firmly above its 2% target, the BoE has cut borrowing costs…
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