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%…
READ MORE
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…
READ MORE
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%,…
READ MORE
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…
READ MORE
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…
READ MORE
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 day’s 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 Steel’s rating to outperform, Macquarie has also raised the…
READ MORE
At 152, number of smallcaps with double-digit weekly returns jumps over 3 times
Domestic markets continued their recovery rally this week, buoyed by positive US economic data, which diminished the likelihood of a US recession. Moreover, positive global sentiments from ceasefire talks between Israel and Hamas, along with a decline in crude prices, contributed to the rally. During the week, as many as 152 smallcap stocks have delivered…
READ MORE
Ambani to Murugappa: India’s top 10 family businesses in 2024 – The Money Minters
Indian Railway Finance Corporation Share Price 179.79 03:59 PM | 9 Aug 2024 -1.13(-0.63%) One97 Communications Share Price 510.85 03:59 PM | 9 Aug 2024 2.36(0.47%) YES Bank Share Price 23.94 03:59 PM | 9 Aug 2024 0.02(0.09%) ITC Share Price 495.9 03:59 PM | 9 Aug 2024 1.15(0.24%) HDFC Bank Share Price 1650.2 03:59…
READ MORE
Q1 Results Today: What to expect from HDFC Bank and Kotak Bank’s earnings
The week will end with the announcement of 33 earnings on Saturday where heavyweight HDFC Bank will declare its April-June quarter results along with lenders Kotak Mahindra Bank and Yes Bank. Other important results that the Street would be keeping its eye on include Can Fin Homes, JK Cement, Poonawalla Fincorp and Netweb Technologies. On…
READ MORE