HDFC Bank, RIL lift Sensex over 100 points higher, Nifty above 24,550
Indian benchmark equity indices Sensex and Nifty50 opened marginally higher on Thursday, led by index heavyweights HDFC Bank, RIL, and IT stocks, amid in-line US inflation data boosted expectations of a Federal Reserve rate cut in December. The BSE Sensex was trading 111 points, or 0.14%, higher at 77,801. The Nifty50 was up 32 points,…
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NMDC, Tata Steel, and other metal stocks fall up to 8%. Here’s why
Shares of metal stocks like NMDC, NALCO and Tata Steel fell up to 8% on Tuesday after top consumer China held back from unleashing more stimulus. At a briefing, China’s state planner National Development and Reform Commission said they were confident of reaching its economic targets this year and promised further support for growth but…
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NALCO among 86 stocks set to trade ex-dividend from tomorrow. Do you own any?
National Aluminium Company, along with 86 other companies, is expected to be in focus today, as they have set September 20 as the record date for determining shareholders eligible for dividend payments. This means today is the last day to buy shares of these companies in order to qualify for the dividends they have announced,…
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Party over? As Nifty Smallcap 100 falls over 4% in one month, 58 stocks get hammered up to 23%
As the Nifty Smallcap 100 has fallen 4.5% over the last one month, 58 stocks have been hammered even worse falling by up to 23% in this period. The current trend also reveals a bigger underperformance by smallcap stocks versus their mid and largecap peers. The fall in smallcaps has largely been secular spanning across…
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