Japan’s Nikkei ends lower ahead of Trump inauguration; firmer yen hurts exporters
Japan’s Nikkei share average slipped on Friday amid caution ahead of market reaction to President-elect Donald Trump’s inaugural speech next week, while a stronger yen hurt exporters’ shares. The Nikkei fell 0.31% to close at 38,451.46 after dropping as much as 1.3% earlier in the session. For the week, the index has shed 1.58%. “What’s…
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Paytm shares rally 8%, Emkay upgrades stock to buy rating at Rs 1,050 target price
Shares of One97 Communications, parent company of mobile payment application Paytm, climbed as much as 8% on Thursday to Rs 926.95 on the BSE. The rally in the stock price followed brokerage firm Emkay Global upgrading the stock to ‘buy’ from its earlier rating of ‘add’, at a target price of Rs 1,050, which implies…
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Easy Trip Planners shares zoom 15% after Nishant Piiti confirms ‘no promoter selling’
Shares of EaseMyTrip- operator Easy Trip Planners zoomed 15% to their day’s high of Rs 17.84 in an early trade after the company’s promoter Nishant Piiti, via a post on X, confirmed that there will be no additional stake sale. “Exciting times ahead for @EaseMyTrip! As Chairman, I’ll focus on shaping our future and driving…
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Financial, IT stocks lift Sensex over 700 points higher, Nifty tops 23,950
Defying 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….
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Sebi clarifies rules on change in control for investment advisers, research analysts, KRAs
Markets watchdog Sebi on Friday clarified the rules for transfer and transmission of shareholding among immediate relatives for investment advisers, research analysts, and know your client (KYC) registration agencies (KRAs). The move aims to streamline regulatory compliance and protect investor interests while ensuring transparency in the functioning of these intermediaries. With regards to transfer among…
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Dhanlaxmi Crop Science IPO: Shares to debut today. Here’s what GMP indicates
The shares of Dhanlaxmi Crop Science will debut on the NSE SME platform on Monday. Ahead of the listing, the company’s shares were trading with a GMP of Rs 50 in the grey market. Considering the upper price band of Rs 55, the stock is expected to list with maximum gains of 90% over issue…
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RIL, IT stocks power Sensex 1,300 pts higher ahead of MPC outcome, Nifty tops 24,800
Indian 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,…
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Japan’s Nikkei ends higher in choppy trade
Japan’s Nikkei share average eked out gains to rise for a third straight day on Wednesday, as a softer yen and buying of retail-related shares helped narrow morning losses on profit-taking. The Nikkei rebounded after declining in early trade to close 0.1% higher at 39,276.39. The broader Topix was down 0.5% at 2,740.6. Retail-related shares…
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Sensex surges over 750 points, Nifty reclaims 24,100 as bulls attempt a comeback
Indian benchmark equity indices rebounded sharply on Friday after their steepest drop in nearly two months during the previous session, as traders adjusted their positions for the monthly derivatives expiry. The BSE Sensex was trading 770 points, or 0.97%, higher at 79,814. The Nifty50 was up 217 points, or 0.91%, trading at 24,131 around 11:05…
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Netflix shares jump 10% to hit record high as strong subscriber additions ease growth worries
Netflix shares hit an all-time high on Friday, buoyed by investor optimism that its robust content lineup will help the streaming giant maintain upbeat subscriber growth even as the boost from its password-sharing crackdown wanes. The company, widely seen as the winner of Hollywood’s streaming wars, saw its stock rise nearly 10% and was set…
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