Synopsis There are some market conditions where the ability to do the right thing matters. And there are others where the ability to not do anything matters more. Right now, both abilities matter. Again, over-analysis is sometimes more damaging than no analysis. So, have the ability to ignore street narratives, think rationally, and go against…
READ MOREBEML shares jumped 3.5% in early trade to their day’s high of Rs 3243.90 on the BSE on Friday after the company secured a Rs 405 crore contract from Bengaluru Metro Rail Corporation for manufacturing, supplying, and launching standard gauge metro cars. The contract also includes training personnel and providing comprehensive maintenance for up to…
READ MOREIndian benchmark equity indices Sensex and Nifty50 traded lower on Friday led by losses in M&M and Infosys. However, markets may see intraday fluctuations amid foreign inflows and optimism over a domestic growth rebound. The BSE Sensex was trading 256 points, or 0.33%, lower at 77,361. The Nifty50 was up 67 points, or 0.27%, trading…
READ MOREThe Indian market is likely to consolidate on Friday, tracking muted global cues. The Nifty futures closed positively with gains of 0.31%, reaching 23,595 levels on Thursday. India VIX fell 1.2%, closing at 13.30 in the previous session. On the options front, the maximum Call Open Interest (OI) is placed at 24,500, followed by 24,000…
READ MOREHindustan Aeronautics Limited (HAL) shares rose by 1.7% in early trade to Rs 4,234.95 on the BSE on Friday after the company officially amended its contract with the Indian Air Force (IAF) for the delivery of Light Combat Aircraft (LCA) Tejas Mk1 Final Operational Clearance (FOC) fighter jets. The original contract, signed on December 23,…
READ MOREShares of Max Financial Services rose 2.5% in early trade to their day’s high of Rs 1,145.80 on the BSE on Thursday after a large block deal involving 35.8 lakh shares worth Rs 399 crore took place at Rs 1,112 per share. Max Ventures Investment Holding is likely to offload up to a 1.59% stake…
READ MOREThe shares of JB Chemicals & Pharmaceuticals today fell by 7.4% in early trade, to their day’s low of Rs 1,576.65 on the BSE as 90 lakh shares reportedly exchanged hands in a block deal, where KKR & Co unit Tau Investment Holdings is likely the seller. As per reports by Moneycontrol, KKR sold a…
READ MOREIndian pharmaceutical stocks fell up to 3% on the BSE on Thursday amid fears of tariffs by US President Donald Trump, with a fresh setback from the announcements in the auto sector having a rub-off impact. Shares of Aurobindo Pharmaceuticals fell 2% to their day’s low of Rs 1,132.75 while those of Ipca Laboratories went…
READ MOREBSE shares surged nearly 6%, hitting the day’s high of Rs 4,730.30 on the NSE after the exchange announced that its board of directors would meet on March 30 to consider and approve a proposal to issue bonus shares. This could mark the stock exchange operator’s second bonus issue in three years. BSE shares had…
READ MOREShares of food delivery giant Zomato and Mukesh Ambani-backed Jio Financial Services will be added to the benchmark Nifty 50 on Thursday as part of the semi-annual rebalancing by Nifty Indices, bringing in a passive inflow of $544 million and $278 million, respectively, according to JM Financial. The reshuffle, which coincides with Nifty’s derivatives expiry,…
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