The Indian headline indices maintained their upward momentum, driven largely by telecommunications stocks which led the gains. The BSE Telecommunication Index, representing the telecommunication sector, saw a significant surge of approximately 4% today. The broader indices demonstrated strong performance, outpacing the main indices, with Vodafone Idea Ltd and Tejas Networks Ltd leading the gains in …
On April 22, 2024, Nifty 50 and Sensex rose 0.86% and 0.77% to 22,336 and 73,648, respectively. Foreign Institutional Investors (FII) sold securities worth around ₹2,915 crore, while domestic investors bought shares worth ₹3,542 crore. Top Gainers and Losers On the sectoral front, Nifty PSU Bank, Nifty Consumer Durables, Nifty Pharma and Nifty Healthcare closed …
The Indian subsidiary of Japanese automaker Suzuki Motor Corporation, Maruti Suzuki India Ltd. has reported a net profit of Rs.3,877.8 crores in Q4 FY 2023-24 which is up 47% from Q4 FY 2022-23 but has still missed the expectations of analysts. The company has also declared a dividend of Rs.125 per share. The company with …
The Indian benchmark indices opened the final trading session of the week in the red. Both the Nifty and Sensex are down by 0.29% each, indicating a cautious end to the trading week. However, there’s a silver lining in the broader market performance as the Nifty Midcap and Nifty Small-Cap are trading higher by 0.77% …
The Indian Hotels Company Limited, an Indian hospitality company under the umbrella of the Tata Group, oversees a diverse portfolio of properties including hotels, resorts, jungle safaris, in-flight catering services etc. Following its Q4 results, Indian Hotels witnessed a nearly 5% decline in its share price, settling at Rs.581. The company posted a notable 27% …
On April 25, 2024, CRISIL ESG Ratings & Analytics Ltd (CRISIL ESG Ratings), a wholly owned subsidiary of CRISIL Ratings Ltd (CRL), received approval from the market regulator Securities and Exchange Board of India (SEBI) to act as a Category 1 provider of environmental, social and governance (ESG) ratings. The approval comes after SEBI notifications …
ICICI Bank is India’s second-largest private sector bank that provides a wide range of financial products across its diversified portfolio. In an alarming incident, ICICI Bank mistakenly exposed the sensitive credit card details of more than 17,000 customers. The breach happened from a technical error in the digital mapping that incorrectly linked newly issued credit …
During the recent monthly expiry trading session, the market exhibited a robust upswing, closing at the day’s peak. Leading this rally were the PSU banks, with the Nifty PSU Bank index breaking out from a trend continuation price pattern. A standout in this category is Central Bank of India, which is now catching the attention …
Kotak Mahindra Bank Faces a Rough Thursday with 10% Drop It was a turbulent Thursday for Kotak Mahindra Bank, India’s fifth-largest bank by market capitalization. Shares plummeted more than 10%, marking the biggest single-day drop since the pandemic lows of March 2020. The steep decline came after the Reserve Bank of India (RBI) imposed strict …
On April 25, 2024, Nifty 50 and Sensex rose 0.75% and 0.66% to 22,570 and 74,339, respectively. Foreign Institutional Investors (FII) sold securities worth around ₹2,823 crore, while domestic investors bought shares worth ₹6,167 crore. Top Gainers and Losers On the sectoral front, Nifty PSU Bank, Nifty Pharma, Nifty Healthcare, and Nifty Metal closed in …
