On Tuesday, major stock market indexes traded within a narrow range but ended a four-day winning streak. The Sensex closed slightly down by 0.26% at 73,677.14 points, while the Nifty also dropped by 0.22% to 22,356.30 points. Bloomberg included India in its Emerging Markets bond index. Among sectoral indices, Nifty PSU Bank, Nifty Auto, and …
Shares of gold mortgage lenders Manappuram Finance Ltd and Muthoot Finance Ltd saw significant gains on March 5 following the RBI’s imposition of restrictions on IIFL Finance over concerns about its gold loan portfolio. Manappuram Finance’s stock recorded its biggest single-day gain since September 2020, while Muthoot Finance surged the most since June 2020. Gold’s …
On March 5th, 2024, shares of PC Jeweller Ltd (PCJ)., a prominent New Delhi-based jeweller, witnessed a ~5% decline to hit the lower circuit limit. This significant drop came after the Securities and Exchange Board of India (SEBI) issued a show-cause notice (SCN) to the company. The share price of PC Jeweller opened at ₹66.63 …
Hindustan Petroleum Corporation Limited and GMR Airports Infrastructure are identified as upside potential stocks based on technical analysis. Both stocks have displayed promising technical setup, including price volume action before and a potential to breakout. Currently trading at Rs 527.95 and Rs 86.75, respectively, their price structures align with positive signals from technical indicators like …
After Zomato, now IRCTC entered into an agreement with Swiggy to avail their food delivery services. On Tuesday, March 5, 2024, the Indian Railway Catering and Tourism Corporation (IRCTC) signed an agreement with online food aggregator Swiggy to deliver food to passengers at railway stations. This service will commence on March 12, 2024. Swiggy and …
On Monday, March 4, 2024, Adani Power Ltd received approval for its resolution plan to acquire insolvent Lanco Amarkantak Power Ltd. Lanco Amarkantak Power is undergoing a corporate insolvency resolution process. The Committee of Creditors (CoC) has approved the resolution plan submitted by Adani Power, which belongs to the Adani Group. Lanco Amarkantak Power and …
Rising Coal Production During the month of February 2024, the Ministry of Coal has achieved significant growth in overall coal production to 96.60 Million Tonne (MT) (Provisional) as compared to 86.38 MT in February 2023, reflecting a rise of 11.83%. With a growth of approximately 12.14%, the cumulative coal production (up to February 2024) increased …
On Monday, March 4, 2024, wind energy stocks dropped. Suzlon shares dropped by more than 4% to an intraday low of ₹41.75 per share on the NSE, while Inox Wind fell 5% to its lower circuit at ₹552.65 per share. Why Did Suzlon and Inox Wind Shares Drop? The drop in the share prices of …
Sell-off in Broader Markets and Upper Circuit Stock Indian benchmark indices have recovered from lower levels, driven by buying interest in Nifty PSU Bank, Nifty Auto, and Nifty Bank. Despite the sharp recovery, broader market indices are trading in the red, with Nifty Small-cap tumbling over 1%, while Mid-cap dipped 0.27%. Amidst this volatility, Gujarat …
The Tata Group, a household name in India, boasts a diverse portfolio of companies across various sectors. But which among these giants captures the hearts (and wallets) of individual investors? Today, we delve into the fascinating world of retail investor preferences within the Tata Group. Top 5 Beloved Stocks Tata Motors DVR (TATAMTRDVR): This stock, …
