Indian benchmark indices have continued to decline after a strong rally during the corporate earnings season. Heavy selling was observed in the financial services and banking sectors, which benefited the most from foreign investment during the rally. BSE Realty was today’s worst-performing sector, with losses of more than 1% with the majority of its constituents …
In a significant development for the Indian financial markets, the Securities and Exchange Board of India (SEBI) released its annual report on August 7, highlighting a remarkable trend in Foreign Portfolio Investments (FPIs). According to the report, FPIs pulled out Rs 37,632 crore from Indian equities during FY23. While this figure may seem substantial, it …
ITI Limited, a dynamic player in the telecommunications sector, is actively involved in the manufacturing, trading, and servicing of telecommunication equipment, along with providing related services. The company’s primary focus lies in delivering cutting-edge telephone communication services, contributing to a comprehensive spectrum of telecom solutions. Established in 1948 and headquartered in Bangalore, India, ITI Ltd. …
Emami Ltd reported its unaudited financial results yesterday after the market close for the quarter that ended on June 30 2023, or Q1FY24. Today, the stock witnessed a spike in share price after the results. On a standalone basis company has reported a 33.67% rise in its net profit at Rs 129.02 crore for the …
The trading session in the Indian stock market concluded with a marginal downturn, reflecting a decrease of 0.16% for the Sensex and 0.13% for the Nifty. However, in a contrasting display of resilience, Nifty Midcap and Nifty Smallcap indices exhibited strength, closing the day with gains of 0.23% and 0.27%, respectively. Prominently, Nifty PSU Bank, …
The benchmark index S&P BSE 500 opened today at 26,942.18 and made its day high at 26,956.17 and it is trading almost flat, up by around 0.02%. From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 6% today. Shares of Emami Limited were …
Maruti Suzuki Limited announces an issue of preferential shares to its parent company Suzuki Motors Corporation (SMC) in its latest exchange filing today. The company mentioned that the Board of Directors organized a meeting today and has granted approval for the issuance of equity shares by the Company. This issuance will occur through preferential allotment …
After the merger of the parent company Housing Development Finance Corporation, the investing weight of HDFC Bank in the FTSE Emerging All Cap index increased from 0.81% to 1.52%. FTSE Russell, the index aggregator, announced that this weightage would be implemented gradually in three tranches before March 2024. FTSE stated that the investability weight adjustments …
What is an insurance stock? According to the definition of insurance stock, a stock insurance company has capital contributed by investors who control its operation and reap any profit or incur any loss from its business. Until fairly recently, most insurance companies were mutual companies, owned by the policyholders. But demutualisation has converted these mutual …
Two years ago, the price of oil had waded into the negative territory – an outcome that no one had ever expected could happen. Fast forward to 2022, and the world is now reeling under the pressure of highly volatile energy prices. Globally, energy companies have been posting windfall gains. Even in India, energy sector …
