Last week, four of India’s top 10 most-valued companies added a total of ₹81,151.31 crore to their market valuation, with ICICI Bank and HDFC Bank leading the gains. Despite this, the BSE benchmark index declined by 156.61 points, or 0.19 per cent, as per a report by PTI. ICICI Bank’s valuation increased by ₹28,495.14 crore … Read more
Here’s a quick look at stocks likely to be in focus in today’s trade. Cochin Shipyard: The government has announced plans to divest a 5 percent stake in Cochin Shipyard through an Offer for Sale (OFS), with the floor price set at ₹1,540 per share. The OFS includes a base offer of 2.5 percent, … Read more
Here’s a quick look at stocks likely to be in focus in today’s trade. Reliance Industries (RIL): RIL’s consolidated profit for Q2 FY25 declined by 4.8 percent year-on-year to ₹16,563 crore, missing analyst estimates. This marks the third consecutive quarter of declining profits, driven by weakness in the oil-to-chemicals (O2C) segment. However, the digital services … Read more
Indian stock market indices, Sensex and Nifty 50, are likely to open higher on Monday tracking gains in global markets. The trends on Gift Nifty also indicate a mildly positive start for the Indian benchmark index. The Gift Nifty was trading around 25,085 level, a premium of nearly 35 points from the Nifty futures’ previous … Read more
Latest Market News Today Live Updates: Catch today’s market wrap-up! Track Nifty 50 and Sensex movements, along with top gainers and losers. See how Asian and US markets fared and which sectors led the charge (or declined). Summary: Follow Mint’s market blog for real-time updates on your favourite companies. This blog keeps you informed on … Read more
Stocks to buy: Shares of JTL Industries are expected to surge by over 35 per cent, according to market experts, who see significant potential for the small-cap stock in the long term. With the steel sector rallying on the back of China’s stimulus efforts, JTL Industries is showing signs of a breakout. Investors are now … Read more
Shares of Sudarshan Chemical Industries rallied 20 per cent on Friday, October 11 to their 52-week high after the company announced the acquisition of the global pigment business of Germany’s Heubach Group. The company in an exchange filing today said, “… Sudarshan Chemical Industries Limited has entered into a definitive agreement on 11th October 2024, … Read more
Midcap Navratna PSU stock: Rail India Technical and Economic Service, (RITES) Ltd, a Navratna PSU, is making waves in the stock market today, with shares surging over 7 per cent on news of a major international deal. The mid-cap infrastructure consultancy has inked a groundbreaking partnership with Etihad Rail, positioning itself for significant rail infrastructure … Read more
The Indian stock market began October on a disastrous note, with Dalal Street witnessing carnage due to across-the-board selling pressure on weak global cues. The domestic indices experienced a sharp downturn, breaking its three-week winning streak. The significant decline has been attributed to a combination of fundamental challenges, which prompted short-term profit-taking. In the second … Read more
The stronger impact on the domestic stock market was partly due to our playing on a weak wicket. In the weeks prior, the domestic market had been underperforming relative to other EMs. The underperformance intensified as investors began shifting funds to Asian counterparts like China, trading at significantly lower valuations—10x to 25x forward P/E in … Read more