ADANI PORTS & SEZ Agencies THE GOVERNMENT’S impetus to micro, small, and medium enterprises will further strengthen domestic manufacturing. In addition, a maritime development fund with a corpus of Rs 250 crore will be formed to expand shipbuilding. These initiatives will have a long-term indirect benefit to the port activities.ASIAN PAINTS Agencies WITH THE required…
READ MOREAxis Bank’s shares dropped by over 4% on Friday after the lender posted weaker-than-expected earnings in its December quarter. The stock ended 4.4% lower to close at ₹992. The Bank Nifty index ended 1.5% lower on Friday. Out of the 12 stocks in the Bank Nifty Index, nine declined and three advanced. Kotak Mahindra Bank…
READ MOREIndian blue-chip equity indices, Sensex and Nifty50, fell on Friday, dragged down by drops in IT company Infosys and private lender Axis Bank following their quarterly results. The BSE Sensex was trading 430 points, or 0.56%, lower at 76,612. The Nifty50 was down 112 points, or 0.48%, trading at 23,199 around 12:10 am. Why is…
READ MOREIndian benchmark equity indices opened sharply lower on Thursday, with the Sensex plunging over 1,000 points and the Nifty falling below the 24,000 mark. The decline followed the US Federal Reserve’s projection of fewer interest rate cuts in 2025, citing persistent inflation and the resilience of the world’s largest economy. The market capitalization of all…
READ MOREShares of PSU bank stocks like UCO Bank and Central Bank of India rallied up to 8% on Wednesday as a three-day meeting of the Reserve Bank of India (RBI)’s rate-setting panel began today in which brokerages expect Governor Shaktikanta Das to cut cash reserve ratio (CRR). Global brokerage firm Citi said that if the…
READ MOREMumbai: The US Securities and Exchange Commission’s (SEC) charges against Adani Group promoter Gautam Adani and others including his nephew Sagar Adani in a bribery and fraud case, may not have any immediate impact on the group’s financials but are likely to slow down ongoing fundraising plans. Domestic banks and financial institutions, which are the…
READ MOREIndian 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%,…
READ MOREWhile 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…
READ MOREShares 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…
READ MOREIndian 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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