In a swift policy reversal, the Indian government has rescinded its earlier decision to ban the use of sugarcane juice for ethanol production, offering a lifeline to the struggling sugar industry. The U-turn comes barely a week after the initial ban, signalling a responsive approach to the concerns raised by the sugar and sugar-based distillery …
Indian markets soared like rockets on Friday, blasting past previous records with both Sensex and Nifty reaching new all-time highs. The Sensex climbed 1.37% to settle at 71,695.76, while the Nifty rose 1.29% to touch 21,492.30. IT, PSU banks, and metal sectors spearheaded the rally, with tech giants like TCS, HCL Technologies, and Infosys leading …
During the most recent market session, both the Sensex and Nifty closed on a positive note, with the Sensex Index up 1.37% and the Nifty-50 Index up 1.29%. Additionally, the Nifty Mid-cap Index increased by 0.11%, whereas the Nifty Small-cap Index, finished the session up by 0.81%. Nifty Metals Index and Nifty PSU Bank Index …
Today, the broader indices, NSE Nifty50 and BSE Sensex, ended the day in the green. The Nifty50 index commenced trading at 21,287.45 and eventually concluded at 21,456.65, marking an increase of 273.95 points or 1.29% compared to the previous day’s closing level of 21,182.70. Meanwhile, the BSE Sensex concluded at 71,483.75, reflecting an increase of …
The Indian infrastructure sector, a cornerstone of the nation’s economic engine, is witnessing a remarkable surge in activity, fueled by a staggering order book exceeding Rs. 10,76,685 crore. This robust pipeline of projects paints a promising picture for the future, highlighting the sector’s potential to propel India towards its ambitious USD 26 trillion economy target. …
About the new order Mazagon Dock Shipbuilders Ltd today opened up by 5% after bagging new order. Oil and Natural Gas Corporation Limited (ONGC) recently announced a significant development in its ongoing efforts to enhance its infrastructure. The company has placed an Award of Contract in favour of Mazagon Dock Shipbuilders Limited. This contract entails …
Infosys and Bajaj FinServ are the strong positive breakout candidates with price volume support. The stock price is currently trading at Rs 1,588 and Rs 1,733, respectively, and has witnessed the formation of an ascending triangle chart pattern. The RSI, ADX, and other parameters of technical analysis are in sync with the breakout. Infosys Ltd …
In the ever-evolving landscape of India’s energy sector, two giants stand tall: Tata Power Company Ltd. and Adani Power Ltd. These powerhouses, each with their own unique strengths and strategies, have been shaping the nation’s electricity generation for decades. But in a rapidly changing market, driven by sustainability concerns, technological advancements, and regulatory reforms, which …
In the bustling world of finance, hidden gems often reside within the small-cap segment. These underdogs, characterized by their relatively smaller market capitalization, can present attractive investment opportunities for the discerning investor. Among these hidden treasures, a select few combine compelling characteristics: robust cash reserves, consistent debt reduction, and impressive return on assets (ROA) and …
Embarking on the journey of stock trading in India, investors are met with the convenience of buying and selling shares from their homes, a feat made possible by the instrumental role of depositories. The National Securities Depository Ltd (NSDL) and Central Depository Services (India) Ltd (CDSL) stand as the pillars of this financial ecosystem, ushering …
