On the daily chart, the Nifty PSE Index witnessed a correction of ~13.75% from its high of 9,745.10 on March 04, 2024, to a low of 8,433.65 on March 15, 2024. The following stock from the Nifty PSE index experienced a significant drop from their 52-week higher levels. Company Name Industry CMP (₹) Down from …
Indian equities, especially smaller companies, have experienced a significant correction in recent weeks. In February 2024, the BSE Small Cap Index reached a record high. However, by mid-March 2024, the index had fallen by over 14%. This widespread decline erased gains made earlier in the month and extended a correction that began in February. Impact …
Setting the Stage for Future Success AU Small Finance Bank Limited, a prominent player in India’s banking and financial services sector, has unveiled its ambitious roadmap for the period leading up to 2027. This strategic plan encompasses various aspects of the bank’s operations, including deposit and asset growth, asset quality management, and strategies for enhancing …
Today’s trading session saw a sharp downturn in Indian headline indices, heavily impacted by declines in the information technology, oil & gas, power, and capital goods sectors. The broader indices followed suit, mirroring the trend observed in the main indices. At 10:30 am, the BSE Sensex plunged 0.81% reaching a level of 72,161. The Nifty …
About LoA Inox Green Energy Services Ltd (IGESL), a frontrunner in India’s wind power operations and maintenance (O&M) sector, has secured another significant project. Its subsidiary, I-Fox Windtechnik India Private Limited (I-Fox), has received a Letter of Award (LoA) from NLC India Ltd. (NLCIL) for the restoration of 33 wind turbine generators (WTGs) in Tamil …
On Tuesday, the benchmark indices were trading flattish with the Sensex down around 277 points or 0.23% at 72,466, while the Nifty-50 was down around 96 points or 0.43% at 21,960. About 1,696 shares have advanced; 1,231 declined; and 122 are unchanged on the BSE. Top gainers and losers on the BSE Sensex index: The …
On March 18, 2024, the Nifty 50 slightly increased by 0.15% to 22,055, and the Sensex by 0.14% to 72,748. Initially, the market fell but later recovered. Foreign investors sold shares worth ₹2,051 crores, while domestic investors bought shares worth ₹2,260 crores. Top Gainers and Losers On the sectoral front, Nifty Metal, Auto, Media, and …
HFCL, a leading Indian provider of telecommunication equipment and solutions, announced a significant expansion into the European market at the FTTH Conference 2024 in Berlin. The company plans to establish a state-of-the-art optical fibre cable (OFC) manufacturing plant in Poland. This strategic move underscores HFCL’s dedication to supporting Europe’s digital transformation by meeting the increasing …
The Indian stock market has witnessed a remarkable phenomenon in recent years: the phenomenal rise of Public Sector Undertakings (PSUs). These state-owned companies, often considered slow-moving giants, have defied expectations and delivered stellar returns to investors. Let’s delve into the numbers. Companies Surging by Over 500% The below table highlights the impressive performance of several …
These three equities’ volume gained significantly during Wednesday’s trading sessions, indicating potential bullish action. Here’s an in-depth look. NMDC Steel Ltd The stock of NMDC Ltd saw a significant increase in price and volume, indicating consolidation and breakout soon scenario. This NR7 activity is indicating squeezed price action and lesser volume on red days further …
