Mumbai: Shares of online delivery company Eternal surged more than 10% on Tuesday despite a sharp fall in fiscal first quarter net profit as brokerages raised target prices after strong management commentary and the company’s quick commerce platform, Blinkit, recording robust performance during the period. The stock hit an all-time high of ₹311.3 during the…
Markets ended the week positively, with the Nifty and Sensex gaining nearly 1% each — marking their third consecutive weekly rise, the longest winning streak since December 2024. The Nifty closed at 24,346.70, up 12.50 points, while the Sensex climbed 259.75 points to 80,501.99. Nifty Bank added 28.20 points to settle at 55,115.35. Broader markets…
The Indian market closed lower on Monday, with benchmark indices logging their worst session in 10 months as an intensifying tariff-fueled selloff and rising global recession fears drove investors away from riskier assets. The benchmark BSE Sensex declined 2226.79 points or 2.95% to close at 73,137.90, while the broader Nifty 50 index closed at 22,161.60,…
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,…
The Indian market ended lower on Wednesday, paring early gains, as a decline in information technology stocks—spurred by concerns over U.S. economic growth—weighed on the broader market. Additionally, concerns about U.S. tariffs and their potential impact on the global economy continued to dampen sentiment. The benchmark BSE Sensex lost 72.56 points or 0.10% to close…
The inclusion of Zomato and Jio Financial Services in the Nifty 50 index from March-end is expected to inflate the headline equity index’s price-to-earnings (PE) ratio by 2.5%, according to calculations done by ICICI Securities. The brokerage highlights that the continued entry of high-valuation new-age stocks into the benchmark index has been a key driver…
The Nifty 50 index wrapped up 2024 with over 8% annual returns, and is projected to hit 26,500 mark by March 2026 – reflecting 10% potential upside from current levels, driven by evolving consumption dynamics, the rise of mid-cap and small-cap stocks and a strong capital expenditure revival, according to Antique Stock Broking. Sectors such…
The Indian market was closed on Wednesday, December 25 on account of the Christmas holiday, while on Tuesday, Indian benchmark indices ended marginally lower, as losses in heavyweight financial and IT stocks offset gains in consumer and auto stocks. With the holiday-truncated week lacking major triggers, analysts expect range bound moves for the benchmark indices…
After staying in the green following a sharp rebound the week before this one, the markets finally succumbed to selling pressure after failing to cross above crucial resistance levels. The Nifty stayed under strong selling pressure over the past five sessions and violated key support levels on the daily charts. The range remained wider on…
The Indian benchmark Nifty 50 extended its corrective decline. Over the past four sessions of a truncated week, the Nifty 50 index remained largely under selling pressure. Throughout the past week, the markets continued with their process of mean reversion. The volatility, though, did not show any major surge. The volatility gauge, IndiaVIX rose by…