Bulls back in action as Sensex rises over 500 points; all eyes on inflation data, RIL, HCL Tech Q2
Indian equity indices, the Sensex and Nifty50, opened higher on Monday ahead of the domestic September inflation data due later in the day, with investors focusing on earnings reports from Reliance Industries and HCL Tech. The BSE Sensex rose 507 points, or 0.62%, to trade at 81,888.15, while the Nifty50 gained 143 points, or 0.57%,…
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Block deals worth over Rs 16,400 crore this week. DMart, HDFC Bank among stocks with major action
While Nifty ended with a week-on-week decline of 0.20%, it was laden with top action where over three dozen companies from large, mid and smallcap segments witnessed prominent block deals worth Rs 16,445 crore on screen which included both buying and selling action. In the large cap segment, 15 companies witnessed significant block deals on…
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Bank stocks, NBFCs rally up to 4% after RBI changes policy stance
Shares of rate-sensitive stocks – banks and NFBCs – rallied up to 4% on Wednesday morning after the Reserve Bank of India (RBI) changed its policy stance to ‘neutral’ from ‘withdrawal of accommodation’ earlier. Led by gains in financials, the Sensex also jumped 500 points. The change in stance is being seen as a step…
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Investors lose nearly Rs 3 lakh crore as Sensex, Nifty sink; key factors behind Monday mayhem
Indian benchmark equity indices fell sharply on Monday, with the Sensex dropping over 800 points and the Nifty slipping below the 26,000 mark, amid mixed cues from regional markets. The decline was led by index heavyweights Reliance Industries, IT, and financial stocks. The market capitalisation of all listed companies on the BSE fell by Rs…
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Nifty Bank underperforms Nifty50, most sectoral peers. Should you still bet on financials?
While Nifty Bank has logged in double digit returns over the last 1 year, its performance against broader Nifty50 and its other sectoral peers remains subpar. With rising deposit cost and moderation in net interest margins (NIMs), experts remain wary of the pack, toning down their expectations from the sector that has the largest weight…
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sensex news: Sensex rises over 150 points, Nifty above 24,900 as traders eye key central bank decisions
Ahead of the US Fed meeting outcome tonight in which Jerome Powell will signal the timing and number of rate cuts expected in the next few months, Sensex opened Wednesday’s session around 150 points higher while Nifty crossed the 24,900-level as the 25,000 remained elusive. While traders are booking profits at higher levels, the expectation…
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Vedanta gets clearance from 75% secured lenders for demerger
In a key step for its proposed demerger, Vedanta has received approval from 75% of its secured creditors to obtain a clearance from stock exchanges. The natural resources major will then file the demerger scheme with the National Company Law Tribunal. The company is also in talks with some of these lenders to prepay their…
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Axis Bank shares: Axis Bank, Jindal Steel & Power among 5 stocks with short buildup – On Radar
Indian Railway Finance Corporation Share Price 183.56 03:59 PM | 25 Jul 2024 -8.72(-4.54%) One97 Communications Share Price 462.8 03:58 PM | 25 Jul 2024 6.5(1.43%) YES Bank Share Price 24.62 03:59 PM | 25 Jul 2024 -0.28(-1.13%) ITC Share Price 489.95 03:59 PM | 25 Jul 2024 -4.11(-0.83%) HDFC Bank Share Price 1616.6 03:59…
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Budget 2024, Q1 earnings action among 11 factors to impact D-Street mood this week
Nifty ended with 0.9% gains in a week helped by gains in IT even as metals and consumer durables pulled the markets back. When markets resume trading on Monday, a host of important domestic and global events lined up during the holiday-truncated week are likely to impact them. On Friday, Nifty ended with a decline…
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