The Finance Ministry, in its monthly economic review, indicated that the prediction of a normal Southwest Monsoon bodes well for food production and easing of price pressures. With the assumption of a normal monsoon, the Reserve Bank of India (RBI) forecasts a 4.9% retail inflation for the first quarter of FY25. Positive indications in the …
The benchmark index S&P BSE 500 opened today at 34,089.61 and made its day high at 34,094.51, and it is trading in green today, up by more than 0.30%. From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 5% today. AstraZeneca Pharma India …
Today, the broader indices, NSE Nifty50 and BSE Sensex, ended the day in red. The Nifty50 closed at 22,957.10, almost flat compared to the previous day’s closing level. Meanwhile, the BSE Sensex concluded at 75,410.39, reflecting a decline of around points. Among all the stocks listed on the NSE, 129 stocks reached their 52-week high …
On Friday, the market failed to maintain its record highs reached during the day. The Sensex fell slightly by 0.01% to close at 75,410.39, while the Nifty dropped by 0.05% to end at 22,957.10. Nifty Media, Nifty Financial Services, and Nifty Bank closed positively, whereas Nifty FMCG, Nifty Realty, and Nifty IT were the major …
Exciting News for Investors: Adani Ports Joins BSE Sensex! In a significant development for the Indian stock market, the BSE Sensex index has announced its latest semi-annual review, and it’s big news for Gautam Adani-led Adani Ports and Special Economic Zone Ltd. Adani Ports Takes Center Stage Come June 24, Adani Ports and Special Economic …
The Defence Ministry has called for a halt to the construction of a residential project by Godrej Properties in Mumbai, which has an estimated revenue potential of Rs.7,000 crore. According to the reports, the ministry’s objections are due to the project’s proximity to the Central Ordnance Depot (COD) in Kandivali, Mumbai. The Godrej Reserve development …
Holding investments for more than a year is considered to be a long-term investing stock strategy. Holding assets including bonds, equities, exchange-traded funds (ETFs), mutual funds, and more is part of this approach. Long-term investors need to be disciplined and patient because they must be willing to accept a certain level of risk as they …
On May 23, 2024, at midnight, Expleo Solutions Limited announced their financial results for the quarter ended March 2024 and FY 2024. In FY 2024, the company’s total revenue was up by 5.8% Y-o-Y to ₹9,724 million. Financial Performance in FY 2024 In the financial year 2024, the company’s operating revenue stood at ₹9,649 million, …
Technical analysis identifies LIC Housing Finance and KPIT Technologies upside potential stocks. Both stocks have displayed promising structures and technical setups, including price volume contraction, and the potential to bounce back and breakout. Currently trading at Rs 653.25 and Rs 1,535.45 respectively, their price aligns with positive signals from technical indicators like RSI and ADX, …
In a significant development, Kirloskar Industries Limited (KIL) has emerged victorious in a legal battle against Kirloskar Brothers Limited (KBL). The National Company Law Tribunal (NCLT) issued a landmark order on May 21, 2024, upholding KIL’s claims of mismanagement and lack of transparency within KBL. Tribunal Findings Mismanagement and Lack of Transparency: The NCLT confirmed …
