Indian headline indices were skyrocketing higher and frequently setting new records for all-time highs. The BSE Oil & Gas and BSE Energy sectors outperformed all others with gains of more than 2% each, while the auto, healthcare and IT sectors lagged. APL Apollo Tubes Ltd drew investors due to its remarkable upswing. On an intraday …
Buybacks involve companies using their own cash to repurchase shares from existing shareholders. This can be a signal of management’s confidence in the company’s future prospects, as it reduces the number of shares outstanding and potentially increases earnings per share. The table below presents an overview of the buyback activities conducted by IT firms over …
The Indian IT sector, a major contributor to the country’s economy, is facing headwinds after global IT major Accenture cut its full-year revenue growth forecast for the fiscal year ending August 2024. This revision has sent shockwaves through the industry, leading to a sharp decline in Indian IT stocks. Reacting to this news, The Nifty …
On Wednesday, January 12, 2022, three giants from the IT pack, Infosys, Tata Consultancy Services, and Wipro, reported third-quarter results. This time, the IT index saw an action-packed result day due to all three companies declaring the quarterly results on the same day for the first time. The rise of digital demand has boosted the …
The Nasdaq 100 is an index that represents the performance of the 100 largest companies listed on the Nasdaq stock exchange. It includes companies from various sectors such as technology, telecommunications, retail, biotechnology, and more except financial companies. The index is often used as a benchmark for the performance of the technology sector and growth-oriented …
On February 9, 2024, the Nifty 50 experienced a decline of -0.97%, closing at 21,717, while the Sensex dropped by -1.00% to 71,428. The first half of the day witnessed selling pressure in the market, particularly impacting private banking and FMCG stocks. Foreign Institutional Investors (FIIs) were noted to have engaged in a sell-off of …
On June 03, 2024, the Nifty 50 rose 3.25% and closed at 23,263, and the Sensex increased 3.35%, closing at 76,468. Top Gainers and Losers On the sectoral front, all the sectors were positive. However, Nifty PSU Bank, Nifty Oil and Gas, Nifty Realty and Nifty Financial Services 25/50 were seen growing the most. …
On Monday, the Indian benchmark indices concluded the trading day on a notably positive note, with the Sensex significantly gaining by 3.39% to close at 76,468.78, and the Nifty rising by 3.25% to finish at 23,263.90. The broader market also experienced gains, as the Nifty Mid-Cap closed higher by 3.19%, and the Nifty Small-Cap soared …
The market experienced its best trading day in three years on Monday, driven by exit polls predicting a BJP win. Frontline indices hit record highs, with gains of 3% or more across the board. All sectoral indices surged, while the volatility index fell by up to 20%. This broad-based rally saw significant gains in public …
During Monday’s trading sessions, these three equities gained significantly with price and volume activity, indicating potential bullish action. Here’s an in-depth look. Central Bank of India Ltd Central Bank of India Ltd saw a significant price volume breakout today, trading with a volume of 95,382,687 shares. The stock is currently trading at Rs 72.3, up …
