After the Q3FY25 results of Mahindra & Mahindra (M&M), reported on Friday, global brokerage firm Goldman Sacha raised its target price on the stock to Rs 3,800, up from an earlier Rs 3,700, while maintaining its βbuyβ rating, indicating an upside of 21% for the same. Post this, the shares of M&M surged 2.45% to…
READ MOREDomestic benchmark equity indices, Sensex and Nifty50, opened higher on Wednesday, led by gains in banking and IT stocks. This follows a more than seven-month low hit in the previous session, amid uncertainty over US policy direction under President Donald Trump and concerns over corporate earnings. At 10:52 am, the BSE Sensex was up 378.68…
READ MOREIndian blue-chip equity indices, the Sensex and Nifty50, reversed their early gains and traded in the red on Friday. While IT stocks gained after TCS met its quarterly profit estimates, the gains were offset by declines in index heavyweight Reliance Industries and banking and financial stocks. The BSE Sensex was trading 217 points, or 0.28%,…
READ MOREDefying losses in Asian markets, Indian benchmark equity indices opened higher on Thursday, driven by gains in financial, auto, and IT stocks ahead of the quarterly earnings season starting next week. The BSE Sensex rose 699 points, or 0.86%, to 79,189, while the Nifty50 advanced 209.60 points, or 0.88%, to 23,952 as of 11:10 am….
READ MOREIndian headline equity indices scaled higher for the fifth consecutive day on Thursday, driven by gains in the index heavyweight Reliance Industries and IT stocks, with investors awaiting the Reserve Bank of India’s (RBI) rate decision on Friday. The BSE Sensex surged 1,300 points to trade above 82,200. Meanwhile, Nifty50 was above 24,800 level. TCS,…
READ MOREDomestic benchmark equity indices extended losses for the second consecutive day on Tuesday, following their steepest decline in a month the previous day, weighed down by index heavyweights HDFC Bank, Reliance Industries, and Infosys. The BSE Sensex fell over 150 points, or 0.23%, to 78,599.28, while the Nifty50 slipped 54.80 points, or 0.23%, to 23,940.55…
READ MOREShares of Bajaj Auto fell by 5% to its dayβs low of Rs 9,401 on the BSE after the company on Monday posted its October sales number reporting merely a 2% YoY rise to 4,79,707 units. The total number of vehicles sold was reported at 4,71,188 units in October 2023. The company reported its domestic…
READ MOREEurope’s STOXX 600 ended higher on Friday, as tech stocks made a strong comeback at the end of a bumpy week, while the European Central Bank’s rate cut and a flurry of corporate earnings helped the index deliver a second straight week of gains. The STOXX 600 closed up 0.2% as the tech sector led…
READ MOREShares of state-run Cochin Shipyard are likely to remain in focus on Wednesday as the government will sell up to 5% stake sale in the company via an offer for sale (OFS). The floor price is set at Rs 1,540 per share and the two-day issue opens today. The base issue comprises the sale of…
READ MORESynopsis Ipca Laboratories Ltd hit a fresh record high in October 2024, breaking a 2-week consolidation. Experts suggest the rally may continue, with short-term traders targeting Rs 1,650-1,680 in 1-2 months. The stock has been on an upward trend, trading above key moving averages. Traders are encouraged to buy, with a stop loss below Rs…
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