SAIL among other steel stocks rally up to 3% as India begins safeguard probe for steel imports
Shares of steel companies like Steel Authority of India (SAIL), Tata Steel, JSW Steel and Jindal Steel & Power rallied up to 3.2% on the BSE as India has initiated a probe into an alleged increase in imports of certain steel flat products into the country. This was followed by a complaint filed by the…
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Sensex rejig in December: Zomato to see $513 million inflows amid shake-up for 6 stocks!
The BSE Sensex undergoes its periodic rebalancing on December 23, to reflect Indiaβs evolving market dynamics. Food delivery firm Zomato replaces steel giant JSW Steel in the 30-share benchmark index. This reshuffle is set to drive $513 million in inflows into Zomato, while JSW Steel faces $252 million in outflows as institutional investors adjust portfolios,…
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Sensex jumps 600 pts, Nifty above 24,450; metal and financial stocks lead
Indian benchmark equity indices opened marginally higher for the third consecutive session on Tuesday, following gains from Asian markets. The rise was driven by metal and financial stocks, with comments from key US Federal Reserve officials raising expectations of a 25 basis-point rate cut later in the month. By 1:52 pm, the BSE Sensex was…
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Hot Stocks: Brokerages see 10-40% upside in Adani Ports, JSW Steel and KPIT Technologies
Leading brokerages have shared their latest recommendations on select stocks, highlighting strong growth potential and strategic initiatives driving future performance. JPMorgan has reaffirmed its Overweight stance on KPIT Technologies, citing transient challenges and robust long-term prospects in the EV and hybrid space. Bank of America (BoFA) remains optimistic about JSW Steel, underscoring its expansion plans…
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Minority investors show less dissent as cos hear them out
Mumbai : Companies are facing less dissent from shareholders these days. Shareholder resolutions with more than 20% dissent from institutional shareholders dropped to 16% in the recently concluded proxy season, down from 17% in the previous two fiscals, as per data from primeinfobase.com. In actual numbers, 1,581 out of 10,092 resolutions saw more than 20%…
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GIFT Nifty down 5 points; here’s the trading setup for today’s session
Domestic equities traded sideways for a major part of Thursday and Nifty closed with a marginal loss of 36 points at 24399. Nifty has been consolidating for the last two sessions following persistent foreign outflows and dull earnings so far. “We expect this range-bound move (Nifty hovering around the 24400-24500 zone) to continue in the…
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Bulls back in action as Sensex rises over 500 points; all eyes on inflation data, RIL, HCL Tech Q2
Indian equity indices, the Sensex and Nifty50, opened higher on Monday ahead of the domestic September inflation data due later in the day, with investors focusing on earnings reports from Reliance Industries and HCL Tech. The BSE Sensex rose 507 points, or 0.62%, to trade at 81,888.15, while the Nifty50 gained 143 points, or 0.57%,…
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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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Sensex rises above 85,300 for the first time, Nifty hits fresh peak; IT, bank stocks shine
Key equity indices Sensex and Nifty opened at fresh record highs for the sixth consecutive session on Thursday, driven by gains in IT and auto stocks, amid continued optimism over higher foreign inflows. The BSE Sensex was up 123 points, or 0.15%, at 85,290, while the Nifty50 rose 40 points, or 0.15%, to 26,043 around…
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JSW Steel shares jump 4% as Macquarie upgrades stock to overweight, hikes target price to Rs 1,077
JSW Steel shares surged 4% to its dayβs high of Rs 984.40 on BSE after the global brokerage firm Macquarie upgraded its rating to overweight and with a target price of Rs 1,077, citing a positive outlook for India’s metals sector. In addition to upgrading JSW Steelβs rating to outperform, Macquarie has also raised the…
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