The combined market valuation of seven of the top-10 valued firms surged by Rs 2.31 lakh crore (Rs 2,31,177.3 crore) in a holiday-shortened last week, with Reliance Industries emerging as the biggest gainer amid a largely optimistic trend in equities. While Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Infosys and…
READ MOREIn God we trust, everybody else brings data to the table. It was originally framed by renowned statistician Dr. W. Edwards Deming. But in India, it was popularized by Mr. Narayana Murthy, founder of Infosys – indicating that while faith has its place, but in the world of markets and business – data beats noise….
READ MOREThe combined market valuation of six of the top-10 valued firms soared by Rs 1,18,626.24 crore last week, with Tata Consultancy Services stealing the show with maximum gains. Last week, the BSE benchmark gauge climbed 659.33 points or 0.83 per cent, and the NSE Nifty went up by 187.7 points or 0.78 per cent. Reliance…
READ MOREInvestors’ wealth got wiped out by Rs 8.88 lakh crore in two days of market slump due to profit-taking and growing tensions along the Indo-Pak border following the terror attack at Pahalgam in Jammu & Kashmir. On Friday, the 30-share BSE barometer tanked 588.90 points or 0.74 per cent to settle at 79,212.53. During the…
READ MOREIndian benchmark equity indices reversed early gains to trade in the red for the second straight session on Friday, as investor sentiment turned cautious after a deadly terrorist attack on tourists in Kashmir heightened geopolitical risks. The BSE Sensex slumped over 1,100 points to trade below 78,700, while the Nifty50 dropped below 23,900 around 11:57…
READ MOREIndian benchmark indices Sensex and Nifty ticked higher on Tuesday, as the Reserve Bank of India’s (RBI’s) liquidity-enhancing measures helped counter weak global cues triggered by U.S. President Donald Trump’s continued criticism of the Federal Reserve chair Jerome Powell. The BSE Sensex was up 205 points, or 0.26%, at 79,613, while the Nifty50 rose 52…
READ MOREHyundai Motor India shares will be in focus on Monday, April 21, as the lock-in period for a large chunk of its equity comes to an end, making shares worth nearly $10 billion eligible for trade. According to a note from Nuvama Alternative and Quantitative Research, around 50.78 crore shares, valued at approximately $9.799 billion,…
READ MOREInfosys shares are likely to be in focus on Monday after the IT major reported a 12% year-on-year (YoY) decline in consolidated net profit for the March quarter, at Rs 7,033 crore, compared to Rs 7,969 crore in the same period last year. Revenue for Q4FY25 rose 8% YoY to Rs 40,925 crore from Rs…
READ MOREMarkets staged a strong rebound, rallying over 4.5% during the holiday-shortened week, supported by positive signals from domestic and global developments. Benchmark indices opened the week with a sharp gap-up and extended their gains through the following sessions. Consequently, the Nifty and the Sensex ended near their weekly highs, closing at 23,851.65 and 78,553.20, respectively….
READ MOREFollowing a 12% year-on-year (YoY) decline in Infosys’ March quarter consolidated net profit and lower-than-estimated revenue, brokerages have slashed their target prices while retaining a ‘Buy’ rating on the stock. Nuvama Institutional Equities and Emkay Global revised their targets downward amid topline miss and prevailing uncertainties. On Thursday, India’s second-largest IT services company by market…
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