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…
Indian frontline indices ended with gains on Wednesday, marking their third consecutive positive close amid buying action in banking, auto, and energy stocks, though a sell-off in IT and FMCG capped the gains. The BSE Sensex jumped 244.11 points, or 0.32%, to 75,545.37, while the Nifty climbed 73.30 points, or 0.32%, to end the day…
Indian benchmark equity indices closed higher on Friday, led by auto stocks after previous week’s sharp drop made valuations relatively more attractive. The Nifty 50 rose 0.27% to end at 23,813 on the day, while the BSE Sensex added 0.29% to 78,699. Both benchmarks gained about 1% each this week, after a 5% slide last…
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…
Double Jump.Tokyo, a Japan-based Web3 gaming company, has secured over $10 million in its Series D first closing led by SBI Investment. The round, which had the participation of Sony Group Corporation and others, will allow the company to continue developing blockchain games and offering related services, strengthening its talent base at the same time….
Notwithstanding a lone setback on June 4, Indian markets traded strongly this week ending it with a 3.6% uptick over the previous week. The week was laden with top action where over three dozen companies from large, mid and smallcap segments witnessed prominent block deals worth Rs 7,640 crore on screen, which included both buying…
The combined market valuation of eight of the top-10 most valued firms declined by Rs 2,08,207.93 crore last week, with bellwether Reliance Industries, TCS and Infosys taking the biggest hit. While these three firms along with ITC, Life Insurance Corporation (LIC), Hindustan Unilever Ltd, Bharti Airtel and ICICI Bank were the laggards, HDFC Bank and…
SaaS fintech platform Zaggle Prepaid Ocean Services on Thursday said its consolidated net profit more than doubled to Rs 19.15 crore in the March 2024 quarter. The company had reported a net profit of Rs 7.56 crore in the year-ago period, according to a regulatory filing. During the quarter under review, the company’s operating revenue…