The Indian stock market witnessed selling pressure and closed lower on February 05, 2024. The benchmark indices, Nifty 50, closed at 21,771 with a fall of 0.38%, and Sensex went down by 0.49% to 71,731. On February 05, 2024, FIIs bought securities worth ₹518 crore, while DIIs bought securities of ₹1,188 crore. As per experts, …
On Wednesday, the benchmark indices were trading in the green with the Sensex up around 62 points or 0.10% at 72,250 while the Nifty-50 up around 25 points or 0.11% at 21,955. About 2,312 shares have advanced, 1,323 declined and 148 are unchanged on the BSE. Top gainers and losers on the BSE Sensex index …
Today, the broader indices, NSE Nifty50 and BSE Sensex, ended the day in mixed sentiment. The Nifty50 closed at 21,930.0, almost flat compared to the previous day’s closing level. Meanwhile, the BSE Sensex concluded at 72,152, reflecting a decline of around 34 points. Among all the stocks listed on the NSE, 293 stocks reached their …
In the fintech world, Paytm, the parent company of One97 Communications, has been making headlines for both its meteoric rise and recent challenges. From regulatory roadblocks to investor apprehensions, let’s delve into the whirlwind journey of India’s digital payments giant. RBI Restrictions and Investor Relief: Amid reports of regulatory concerns and non-compliance issues, Paytm faced …
These three equities gained significantly during Wednesday’s trading sessions, indicating strong bullish action. Here’s an in-depth look. Pasupati Acrylon Ltd Pasupati Acrylon Works Ltd exhibits a compelling technical setup. The stock has demonstrated a Price Volume Breakout along with an inverted head & shoulder chart pattern breakout on the weekly timeframe, signifying a strong bullish …
In the world of technical analysis, a golden crossover is a bullish chart pattern that occurs when a stock’s shorter-term moving average (usually the 50-day) crosses above its longer-term moving average (usually the 200-day). This is often seen as a sign that the stock’s momentum is turning positive and that it could be poised for …
India’s financial sector is diverse, experiencing rapid growth with both existing firms and new entrants. It includes commercial banks, insurance companies, non-banking financial companies, co-operatives, pension funds, mutual funds, and smaller entities. Recent regulatory changes have introduced payment banks, broadening the sector’s scope. Despite this, commercial banks remain dominant, holding over 64% of the total …
An institutional investor is an investor who invests money on behalf of others. Institutional investors include pension funds, mutual funds, insurance companies, hedge funds, and sovereign wealth funds. These institutional investors are further classified as Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) are two of the most important players in the Indian stock …
One of the country’s largest private sector banks and top housing finance company has successfully brought their board members on board for an all-stock amalgamation on Monday, 4 April 2022. Thus, soon HDFC Bank Limited will be taking over HDFC Limited. Stick to this piece to learn more about the mega-merger of these twins! A Closer Look into …
Infosys (Current Market Price – Rs. 1,875.80) Infosys is the 2nd largest IT firm in the country regarding market cap. The company reported a rise in its consolidated net profit at 7.2% QoQ for the quarter ended December 2021. As a result, it reached Rs. 5,809 crores after the closing hours on 12 January. Moreover, …
