Indian headline indices ended the trading session with substantial declines, primarily affected by significant losses in the banking, auto, and financial services sectors. The BSE Sensex tumbled 0.85% to 66,230 level at the close. The Nifty 50 index plunged 0.80% per cent to a level of 19,742. The BSE Realty sector also experienced notable losses …
Exide Industries Limited, a prominent player in the battery manufacturing sector, has taken a strategic step towards expanding its presence in the rapidly growing electric vehicle (EV) market. On September 20, 2023, the company made a substantial investment of Rs 125 crore in its wholly-owned subsidiary, Exide Energy Solutions Limited (EESL), through a rights issue. …
Shares of Total Transport System Limited witnessed a significant surge today. The stock opened trading at Rs 133.05, remaining flat compared to the previous day’s closing price of Rs 132.80 per share. As of writing this article, the stock is trading at Rs 156, which is 17.47% up from its previous closing price. Moreover, it …
Nifty Nifty opened sharply lower at 19,981 and extended its decline throughout the day, reaching an intraday low of 19,879. Nifty eventually closed with a loss of 232 points, marking a 1.15% decrease, the largest single-day loss since March 13th of this year. This decline was primarily influenced by selling pressure in index heavyweights HDFC …
Nifty Section: The NSE benchmark Nifty 50 nosedived from an overbought and overextended zone. The Nifty opened with a 153-point huge gap down. The index failed to recover from the opening lows. On an hourly chart, the Nifty has formed a lower-high candle. The last-hour short-covering did not help it recover from the lows. For …
The 52-week high on BSE is the highest price at which a stock has traded on the BSE in the past 52 weeks. Investors can use them as: Identify Strong Performers: It helps find stocks that have done well over the past year, indicating potential future success. Spot Overvalued Stocks: Stocks near their 52-week highs …
HDFC Bank, the largest private lender, fell by 4% today on the BSE. The shares began trading at Rs 1599 each, which was 1.84% down from its previous closing price of Rs 1629 each. It hit an intraday low of Rs 1560.60 and finally closed near its today’s low price at Rs 1563.90, which is …
Public Sector Undertakings (PSUs) stocks in India have gained prominence due to the government’s increased expectations for PSUs regarding capital expenditure and dividend payments. In a light-hearted remark last month, Prime Minister Narendra Modi suggested that stock market investors consider investing in PSUs, even those previously criticized by the Opposition. He humorously quipped, “Here’s a …
The Sensex witnessed a notable downturn, with the index closing 1.18% lower and the Nifty index also ending the day down by 1.15%. Additionally, the Nifty Midcap index saw a modest decline of 0.28%, while the Nifty Smallcap index experienced a more significant drop of 0.88%. In terms of sectors, Nifty Metal, Nifty Financial Services, …
HFCL has launched revolutionary Intermittently Bonded Ribbon (IBR) Cables in the United Kingdom (UK). As a leading supplier in the UK market, this strategic move is in line with HFCL’s global expansion plans and aims to further tap into UK’s urban and rural markets, accelerate 5G and FTTP adoption and meet the growing bandwidth demands. …
