Sensex drops 150 pts as Q2 earnings kick off on a subdued note; Nifty below 25K
Indian benchmark equity indices Sensex and Nifty opened lower on Friday, dragged down by banking, financial, and IT major Tata Consultancy Services (TCS), which reported a quarterly profit miss, marking a lackluster start to the earnings season for local tech firms. Additionally, Indian equities faced downward pressure as U.S. inflation data for September exceeded expectations,…
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SpiceJet shares rally 10% as co to add 10 new aircraft to fleet by November-end
Shares of SpiceJet surged 9.5% to its dayβs high of Rs 63 on BSE after the company announced that it will add 10 new planes to bolster its fleet and operations. βSpiceJet is set to significantly expand its fleet by the end of November with the induction of ten aircraft, marking a major step in…
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HDFC Bank, Bharti Airtel among 9 largecap stocks that can rally up to 30%: Axis Securities – Safe Avenues
Indian Railway Finance Corporation Share Price 152.07 04:08 PM | 4 Oct 2024 0.47(0.32%) Suzlon Energy Share Price 74.67 04:08 PM | 4 Oct 2024 -1.08(-1.43%) Indian Renewable Energy Development Agency Share Price 221.66 04:08 PM | 4 Oct 2024 -1.66(-0.75%) Tata Motors Share Price 930.75 04:08 PM | 4 Oct 2024 5.05(0.55%) YES Bank…
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DMart shares tumble 5% despite 15% YoY jump in revenue. Should you invest?
Shares of Avenue Supermarts-operated DMart tumbled 5% to their dayβs low of Rs 4,701.90 after the company reported 14% growth in its standalone revenues at Rs 14,050 crore for the second quarter and added a net of 6 stores. The total number of stores at the end of September 2024 stood at 377. The Radhakishan…
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HDFC Bank shares: $1.8 billion of MSCI flow expected next month
Shares of India’s largest private sector lender HDFC Bank, which has been testing investor patience for the last few years, may attract $1.8 billion inflows as global index services provider MSCI may increase its weightage. HDFC Bank’s September shareholding pattern shows that the FII headroom remains safely above 20%. “As a result, the second phase…
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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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Mcap of 6 of top-10 most valued firms jumps Rs 1.97 lakh cr; ICICI Bank, HDFC Bank major winners
The combined market valuation of 6 of the top-10 most valued firms jumped Rs 1,97,734.77 crore last week, with ICICI Bank and HDFC Bank emerging as the biggest winners, in-line with optimistic trends in equities. Last week, the BSE benchmark jumped 1,653.37 points or 1.99 per cent. The BSE benchmark soared 1,359.51 points or 1.63…
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M-cap of 9 of top 10 most valued firms jumps by Rs 2 lakh crore; Airtel sparkles
Nine of the top-10 most valued firms together added Rs 2,01,552.69 crore in market valuation last week, with Bharti Airtel stealing the show, amid bullish investors’ sentiment in equities. Last week, the BSE benchmark jumped 1,707.01 points or 2.10 per cent. The 30-share BSE Sensex hit its lifetime high of 83,116.19 on Thursday. Bharti Airtel’s…
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Stocks in news: HDFC Bank, Vodafone Idea, Dr Reddy’s, RIL, IndiGo
Domestic markets extended their rebound, gaining nearly half a percent on Tuesday, supported by a recovery in global indices. In today’s trade, shares of HDFC Bank, Vodafone Idea, Dr Reddy’s, RIL, IndiGo among others will be in focus due to various news developments. Vodafone IdeaVodafone Idea has in recent weeks approached state-owned lenders Power Finance…
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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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