Indian benchmark indices Sensex and Nifty extended their winning streak to a fifth session Wednesday, lifted by IT shares, as investors looked ahead to the US Federal Reserve’s Jackson Hole symposium later this week. The S&P BSE Sensex advanced 213.45 points, or 0.26%, to 81,857.84, while the NSE Nifty 50 gained 69.90 points, or 0.28%,…
The Indian market was closed for a national holiday on Friday. On Thursday, the Sensex and Nifty closed higher, breaking a six-week losing run driven by trade tensions and muted quarterly earnings, with gains in Infosys after it agreed to buy a stake in Australia’s Versent Group. Investor caution persisted ahead of Russia-U.S. talks on…
The Indian market ended higher on Wednesday, led by gains in auto and financial stocks, as softer U.S. retail inflation bolstered bets on a Federal Reserve rate cut in September and signs of easing domestic price pressures lifted investor sentiment. The benchmark BSE Sensex rose 0.38% or 304.32 points to close at 80,565 and the…
Indian headline indices ended Tuesday on a weak note dragged by banking and financial stocks even. HDFC Bank and ICICI bank were major spoilers. While Nifty declined 221.75 points or 0.4% to close at 24,487.40, the 30-stock S&P BSE Sensex finished at 80,235.59, falling by 368.49 points or 0.46%. Here’s how analysts read the market…
The combined market valuation of six of the top 10 valued firms eroded by Rs 1,36,151.24 crore last week, with Reliance Industries taking the biggest hit, following a bearish trend in equities. Extending losing streak for the sixth consecutive week, the BSE benchmark dropped 742.12 points or 0.92 per cent, and the NSE Nifty declined…
Blue-chip stocks Trent and TCS, incidentally, both part of the revered Tata Group, have each lost over 25% so far in 2025, making them the worst-performing Nifty50 stocks this year. While IT giant TCS is down around 25%, retail favourite Trent, which operates Zudio and Westside, has seen its stock fall nearly 30% year-to-date. Once…
The combined market valuation of 6 of the top-10 most valued firms diminished by Rs 2.22 lakh crore last week, with Reliance Industries taking the biggest hit, in-line with a bearish trend in equities. Last week, the BSE benchmark gauge declined by 294.64 points or 0.36 per cent. “Markets ended lower for the fourth straight…
American Depository Receipts (ADRs) of Infosys climbed over 3% on Wednesday following company’s Q1FY25 earnings where the IT services company reported a 9% year-on-year (YoY) growth in its consolidated net profit at Rs 6,921 crore for the first quarter ended June. Revenue from operations rose 8% YoY to Rs 42,279 crore. The Bengaluru-based company has…
The Indian market closed lower on Wednesday, as a pullback in financial stocks from near-record highs outweighed optimism fueled by U.S. President Donald Trump’s remarks hinting at a potential trade deal between the U.S. and India. The BSE Sensex declined 287.60 points, or 0.34%, to close at 83,409.69, while the NSE Nifty shed 88.40 points,…
Accenture shares fell 11% on Friday, hitting the day’s low of $273.19, notwithstanding a revenue beat for third quarter driven by growing demand for the consulting giant’s AI-driven services from enterprise customers. It reported revenue of $17.7 billion for the quarter ended May 31, compared with analysts’ average estimate of $17.30 billion, Reuters reported, citing…