The steep rally in Wall Street stocks is sparking worries among investors of a bubble forming, which could lead to a significant correction. Optimism over the prospects of artificial intelligence has lifted the valuations of several technology heavyweights including Nvidia, Microsoft and most recently, Oracle. This has propelled benchmark S&P 500, Nasdaq and the Dow…
The combined market valuation of seven of the top-10 most valued firms jumped Rs 1,06,250.95 crore last week, with Bajaj Finance and Reliance Industries emerging as the biggest gainers, in line with an optimistic trend in equities. Last week, the BSE benchmark jumped 901.11 points, or 1.12 per cent, and the Nifty climbed 314.15 points,…
Indian Oil reported doubling of net profit to Rs 5,689 crore in the June quarter from Rs 2,643 crore a year earlier buoyed by robust marketing margins. Revenue from operations grew 1% to Rs 218,608 crore in the three months ended June. “Improvement in net profit is mainly on account of higher refining and marketing…
Shares of Kirloskar Ferrous Industries have rebounded 29% in the last three months thereby reducing the one-year fall to 22%. Analysts are optimistic about the company’s capacity expansion and cost‐saving initiatives. It has planned a capital expenditure of Rs 500–600 crore for the current financial year, directed largely towards expanding the steel plant and enhancing…
Indian benchmark indices declined on Friday and posted weekly losses as Israel’s military strikes on Iran escalated tensions in the Middle East and dampened global risk sentiment. The Nifty 50 was down 0.68% at 24,718.6 and the BSE Sensex fell 0.70% to 81,118.6. Here’s how analysts read the market pulse: Indian equity benchmarks experienced downward…
The Indian stock market fell for a second straight session on Friday, with the benchmark indices ending with weekly declines of 1.4% amid growing tension between India and Pakistan. On Friday, the benchmark BSE Sensex declined 880.34 points or 1.10% to close at 79,454.47, while the broader Nifty 50 index closed at 24,008, lower by…
The Indian stock market extended its winning streak to a seventh session on Wednesday, lifted by IT and auto stocks amid signs of easing U.S.-China trade tensions and an upbeat revenue forecast from HCLTech. The benchmark BSE Sensex gained 520.90 points or 0.65% to close at 80,116.49, while the broader Nifty 50 index closed at…
Indian benchmark equity indices closed higher on Thursday to log their best week in more than four years and erase all their year-to-date losses, led by a rally in heavyweight financial stocks. The Nifty 50 ended 1.8% higher at 23,851, while the BSE Sensex added 1.96% to end at 78,553. The indices rose 4.5% in…
The Indian market ended the week lower on Friday, weighed down by U.S. President Donald Trump‘s sweeping retaliatory tariffs, which escalated the global trade war and heightened fears of a recession. The benchmark BSE Sensex declined 930.67 points or 1.22% to close at 75,364.69, while the broader Nifty 50 index closed at 22,904.45, down by…
Indian markets ended higher on Monday, with the Nifty 50 benchmark erasing its year-to-date losses on the day after a six-day winning streak, as renewed foreign buying and bargain hunting lifted market sentiment. The benchmark BSE Sensex added 1078.87 points or 1.40% to close at 77,984.38, while the broader Nifty 50 index closed at 23,658.35,…