Senco Gold shares climb 5% on strong Q2 business updates
Shares of Senco Gold rose nearly 5% to Rs 1,418.5 in Wednesday’s BSE trade following the company’s strong business updates for the July-September period. The company’s retail growth increased by 27% year-on-year (YoY), while same-store sales growth (SSSG) rose to 20% in Q2, up from 4% in Q1. Senco Gold attributed its strong Q2 performance…
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Monday Blues! Sensex plummets over 1,000 points, Nifty below 26K
Domestic benchmark equity indices, Sensex and Nifty50, were trading with heavy losses on Monday amid mixed cues from regional markets, weighed down by index heavyweights Reliance Industries, Infosys, TCS, and ICICI Bank. The BSE Sensex was down 1,009.13 points, or 1.18%, trading at 84,562.72, while the Nifty50 dropped 284.95 points, or 1.09%, to 25,894 at…
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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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ET Analysis: Cash turns out to be a safe harbour when market tide turns
Investors holding cash have been among the most dissed in the stock market of late. Equity evangelists are unable to wrap their heads around the fact that there is a segment of the market that prefers the safety of cash or its equivalent at this point over stocks that have extended their record-breaking run with…
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Indus Towers shares rally 6% after Citi recommends buying the dip, gives Rs 500 target price
Shares of Indus Towers rallied 6.2% to a dayβs high of Rs 412.45 on the BSE after global brokerage firm Citi suggested buying the stock on any dips, with a target price of Rs 500 and a maintained buy rating. Citi stated that the amount of past dues that VI repays to Indus in Q2…
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Big movers on D-Street: What investors should do with TCS, Torrent Power and Mphasis
Benchmark stock indices Sensex and Nifty hit fresh lifetime intraday highs before closing lower on Wednesday, ahead of the US Fed’s decision on interest rates. Stocks that were in focus included TCS, which fell 3.5%; Torrent Power, which gained 8.48%; and Mphasis, whose shares declined 6% on Wednesday. TCS After making lows around Rs 3,583…
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IT stocks drag Sensex, Nifty lower ahead of Fed meet outcome
Ahead of the crucial US Fed meeting outcome tonight in which Jerome Powell is likely to kickstart the rate cut cycle, Dalal Street is adopting a cautious wait and watch mode. Sensex and Nifty opened on a flat note with profit booking seen in IT stocks. Oil and gas stocks were in focus as the…
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Sensex, Nifty trade lower as investors stay on sidelines ahead of US Fed meet
With traders keeping their cards close to their chests as the two-day crucial meeting of the US Fed begins tonight, Sensex and Nifty opened on a muted note with buying seen in FMCG stocks. Britannia, Tata Consumer and HUL were trading 1% higher each while Tata Motors fell over 2% after 1.9 crore shares of…
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Lower crude oil: Everyone benefits but some more than others.10 stocks where positive impact is felt fast, 5 with upside potential of more than 22%
Synopsis Crude oil prices are something which impacts the whole of the Indian economy. Right from the fiscal deficit of the government, to the profit of companies where crude is direct raw material or its derivatives part of the raw material chain, to even the individuals. Lower oil prices means stable petrol and diesel prices…
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Defence Stocks: Structural changes are stronger than negative narrative, 15 stocks from defence ecosystem with possible return of up to 39%
Synopsis May 2024, everyone is rushing to buy defence stocks. On the day of election results, they were badly battered. Come July a number of them are higher than what they were on the day of the election results. Come August, they are not performing as well as they were in the first five months…
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