This Nifty stock with most number of bonus issues may reward investors again
IT services company Wipro will consider issuing bonus shares to investors when its board will meet to approve second quarter results. If declared, this will be the 14th time the Bengaluru-based company will be handing out bonus shares to investors, which is the highest for any Nifty company. Wipro first issued bonus shares to investors…
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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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IT stocks surge up to 26% in 3 months; Infosys, Coforge, TCS among top brokerage bets
IT stocks have outclassed most sectoral peers delivering aggregate 13% returns at an index level in the past 3 months. Midcap counter Coforge and Infosys are among the leaders in the pack with a lone exception in Wipro, which has seen its share price erode. Coforge tops the chart with 26% returns in the past…
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Over 700 smallcaps correct up to 41% as Indian markets reel under pressure
Tensions in the middle east and FII outflows hit Indian markets hard as indices corrected over 4% during the week. The decline was broad-based with sectors like auto, banks, infra, and energy witnessing heavy selling pressure. The bearish sentiments in the market resulted in the sharp fall of smallcap stocks as only 14 stocks delivered…
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Monday Blues! Sensex plummets over 1,000 points, Nifty below 26K
Domestic benchmark equity indices, Sensex and Nifty50, were trading with heavy losses on Monday amid mixed cues from regional markets, weighed down by index heavyweights Reliance Industries, Infosys, TCS, and ICICI Bank. The BSE Sensex was down 1,009.13 points, or 1.18%, trading at 84,562.72, while the Nifty50 dropped 284.95 points, or 1.09%, to 25,894 at…
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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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How to build a resilient portfolio to achieve sustainable growth
βA calm sea doesn’t make a skilled sailor ” This age-old wisdom holds true in Investing, where skills of an investor are often tested by the lashings of market volatility and other unpredictable and uncertain macroeconomic developments at a global scale. Given the turbulence periodically cropping up in global and domestic markets, it becomes critical…
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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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IT stocks drag Sensex, Nifty lower ahead of Fed meet outcome
Ahead of the crucial US Fed meeting outcome tonight in which Jerome Powell is likely to kickstart the rate cut cycle, Dalal Street is adopting a cautious wait and watch mode. Sensex and Nifty opened on a flat note with profit booking seen in IT stocks. Oil and gas stocks were in focus as the…
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Stocks to buy today: Infosys, Hindalco among top trading ideas for 17 September 2024
Indian market is likely to trade higher on Tuesday tracking positive global cues. The Nifty future closed in green with a gain of 0.25% at 25,434 levels on Monday. India VIX was down 0.71% from 12.55 to 12.46 levels. On the options front, the maximum Call OI is placed at 26,000 and then towards 25,400…
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