Why stock market is falling today: Sensex falls over 400 pts; Nifty below 23,200
Indian 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 MORE
Mcap of four of top-10 most valued firms erode by Rs 96,605.66 cr; HDFC Bank hit hard
The combined market valuation of four of the top-10 most valued firms eroded by Rs 96,605.66 crore last week, with HDFC Bank taking the biggest hit. While Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank and State Bank of India suffered erosion from their valuation, Reliance Industries, Bharti Airtel, Infosys, ITC, Life Insurance Corporation of…
READ MORE
Year-ender 2024: Trent, Zomato among 33 biggest wealth creators this year. Where are the money-making opportunities in 2025?
The Indian stock markets, which had a roller coaster ride in 2024, produced 33 of the biggest wealth creators. These stocks have a market capitalization of Rs 5,000 crore or more and have delivered multibagger returns ranging from 315% to 104%. Among the major stocks are Trent, Zomato, PB Fintech (Policybazaar), Rail Vikas Nigam Limited…
READ MORE
Fed forecast roils D-St! Investors lose Rs 6 lakh crore within minutes as Sensex crashes 1,000 pts
Indian 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 MORE
Stocks to Buy Today: ICICI Bank, Bharti Airtel among top 10 trading ideas for 17 December 2024
The Indian market is likely to consolidate on Tuesday, tracking muted global cues. The Nifty futures closed lower on Monday, with a loss of 0.45%, ending at 24,720 levels. On the options front, the maximum Call OI is placed at the 26,000 strike, followed by the 25,000 strike, while the maximum Put OI is placed…
READ MORE
UCO Bank, other PSU bank stocks rally up to 8% as investors expect CRR cut from RBI
Shares 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 MORE
Mcap of nine of top-10 most valued firms surges Rs 2.29 lakh cr; LIC biggest winner
The combined market valuation of nine of the top-10 most valued firms surged Rs 2,29,589.86 crore last week, with Life Insurance Corporation of India emerging as the biggest gainer, in tandem with a rally in benchmark indices. Last week, BSE benchmark Sensex jumped 685.68 points or 0.86 per cent and NSE Nifty climbed 223.85 points…
READ MORE
US charges may slow Adani Groupβs fundraising plans
Mumbai: The US Securities and Exchange Commissionβs (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 MORE
Mcap of 8 of top-10 most-valued domestic firms jumps Rs 1.55 lakh cr; HDFC Bank, TCS sparkle
Eight of the top-10 most valued domestic firms together added Rs 1,55,603.45 crore in market valuation last week, with HDFC Bank and Tata Consultancy Services emerging as the biggest gainers, in tandem with firm trend in equities. Last week, the BSE benchmark zoomed 1,536.8 points, or 1.98 per cent, and the Nifty climbed 374.55 points,…
READ MORE
Top picks post Q2 results: ICICI Bank, ONGC could give 30-60% return in 1 year
The 2QFY25 corporate earnings report revealed a weaker-than-expected overall performance, with Nifty earnings growing by just 4% YoY, in line with estimates. This marks the second consecutive quarter of single-digit growth for the Nifty, a trend not seen since the pandemic’s onset in June 2020. The aggregate performance was hit by a drag from global…
READ MORE