After a Thursday collapse, Indian equity markets rebounded strongly on Friday helped by buying trends across sectors with IT and bank heavyweights throwing their weights around. Individually Reliance Industries (RIL) was the single biggest contributor to their surge. While the S&P BSE Sensex settled at 79,117.11, up by 1961.32 points or 2.54%, the broader Nifty…
The BJP-led Mahayuti alliance stormed to a thumping win in India’s richest state of Maharashtra after a disappointing show in the general elections last year. The victory was decisive as the alliance bagged 235 of the 288 seats in the state, a mandate that experts say will be beneficial for the state’s overall development, which…
Foreign Portfolio Investors (FPIs) continued their selling spree in November as well, off-loading domestic equities worth Rs 26,533 crore so far in this month. The total sell-off by them now stands at Rs 19,940 crore in 2024 versus Rs 1,00,245 crore at the end of September. In October, FPIs sold shares worth Rs 94,017 crore…
The yen got some much-needed respite on Tuesday as it steadied on the stronger side of 155 per dollar thanks to a pullback in the U.S. currency, which ran into profit-taking after a stellar rally that saw it scale a one-year high. The yen last edged 0.2% higher to 154.40 per dollar, recovering from its…
Domestic markets are in a correction phase with benchmark indices, Nifty and Sensex, falling around 10% from the peak. The weakness in second quarter results and sustained outflow of foreign funds weighed on the sentiments. During the week, as many as 103 smallcap stocks have delivered double-digit negative weekly returns with four of them falling…
Shares of Adani Power Ltd. 3.53 per cent to Rs 577.50 in Wednesday’s trade. It hit a high of Rs 598.00 and low of Rs 558.05 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 637.01, while the 50-DMA was at Rs 625.95. If a stock trades above 50-DMA…
Domestic benchmark equity indices dropped on Friday, ending the week in the red, as concerns over dull corporate earnings and persistent foreign outflows outweighed gains in information technology stocks following the U.S. Federal Reserve’s expected interest rate cut. The NSE Nifty 50 fell 0.21% to 24,148, while the BSE Sensex shed 0.07% to 79,486. They…
NEW DELHI: Shares of Ashok Leyland Ltd. traded 0.09 per cent in Thursday’s trade at 11:16AM (IST). Around 159,354 shares changed hands on the counter. The stock opened at Rs 218.75 and touched an intraday high and low of Rs 218.75 and Rs 213.85, respectively, in the session so far. The stock of Ashok Leyland…
Amid optimism surrounding Trump’s victory in the US election, Nifty ended Wednesday’s session with a gain of 271 points to form a long bull candle for the second day. Analysts said key overhead resistance of 24,500 could open more upside ahead. The underlying short-term trend of Nifty continues to be positive. A sharp upside breakout…
Shares of Zomato Ltd. rose 2.56 per cent to Rs 248.35 in Wednesday’s trade. It hit an intraday high of Rs 249.20 and low of Rs 243.20, respectively, during the day. The stock quoted a 52-week high price of Rs 298.20 and low of Rs 112.50. As of 10:25AM (IST), the counter saw total traded…