Indian benchmark indices ended with weekly gains of 1.6% ending their three-sessions losing streak, thanks to the Friday surge. A host of important domestic and global events lined-up during the week are likely to impact stock markets when they resume trading on Monday. On Friday, Nifty jumped 319.15 points or 1.3% to end the day…
READ MOREHDFC Bank’s NBFC subsidiary HDB Financial Services has reserved a quota for its existing shareholders in the upcoming initial public offering (IPO). The current shareholders can subscribe a minimum of 20 shares aggregating up to Rs 14,800 and a maximum of 260 shares amounting to Rs 1,92,400. The applications can be made in multiples of…
READ MOREForeign Institutional Investors (FIIs) have been net sellers in June so far, offloading equities worth Rs 4,192 crore. However they turned buyers this week, buying shares worth Rs 8,710 crore. A strong buying activity on Friday unleashed the bulls as the Indian headline indices ended their three-session losing streak led by action in banks, energy…
READ MOREAccenture shares fell 11% on Friday, hitting the day’s low of $273.19, notwithstanding a revenue beat for third quarter driven by growing demand for the consulting giant’s AI-driven services from enterprise customers. It reported revenue of $17.7 billion for the quarter ended May 31, compared with analysts’ average estimate of $17.30 billion, Reuters reported, citing…
READ MOREIndian benchmark indices traded higher on Monday after two consecutive sessions of losses, even as escalating tensions between Israel and Iran continued to weigh on global risk sentiment. The BSE Sensex was trading 564 points, or 0.69%, higher at 81,682.76. The Nifty50 was up 172 points, or 0.69%, trading at 24,890 around 10:48 am. Over…
READ MOREThe combined market valuation of eight of the top-10 most valued firms eroded by Rs 1,65,501.49 crore last week, with HDFC Bank taking the biggest hit, in-line with a bearish trend in domestic equities. Last week, the BSE benchmark tanked 1,070.39 points or 1.30 per cent. While Tata Consultancy Services (TCS) and Infosys witnessed net…
READ MOREMarkets remained volatile for yet another session and ended marginally in the green amid a lack of fresh triggers. In today’s trade, shares of Wipro, HDFC Bank, Nazara Tech, Maruti Suzuki, Bank of Baroda among others will be in focus due to various news developments. WiproAbout 18.05 crore shares of Wipro, amounting to a 1.72%…
READ MOREHDFC Bank shares are likely to be in focus on Monday after its Managing Director and CEO, Sashidhar Jagdishan, was named in a police complaint filed by the Mehta family through the Lilavati Kirtilal Mehta Medical Trust (LKMM Trust), which manages Mumbai’s Lilavati Hospital. The complaint alleges that Jagdishan received Rs 2.05 crore from a…
READ MOREThe combined market valuation of six of the top-10 most valued firms eroded by Rs 78,166.08 crore last week, with Reliance Industries taking the biggest hit, in line with weak trends in equities. Last week, the BSE benchmark dropped 609.51 points or 0.74 per cent and the Nifty declined 166.65 points or 0.66 per cent….
READ MORE