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Source: Business Standard Indian shares hit record highs at open on Thursday, helped by gains in information technology and consumer goods companies. Image: Bloomberg 1 min read Last Updated : Sep 26 2024 | 10:37 AM IST Indian shares hit record highs at open on Thursday, helped by gains in information technology and consumer…
Source: Live Mint Global brokerage house Phillip Capital, in a recent note, observed that it has witnessed sectoral shifts within the Nifty and broader Indian equity markets, focusing on changes over both long and short terms. According to the report, investment-oriented sectors, including cement and building materials, gained considerable traction post the Covid-19 pandemic and…
Source: Live Mint Shares of Gensol Engineering surged over 7 percent in intra-day trading on Thursday, September 26, following the announcement that the company’s promoter and managing director, Anmol Singh Jaggi, purchased 12,000 shares from the open market. This acquisition increased his stake in the company to 21.17 percent. “This is for the information of…
Source: Live Mint Indian markets scaled a fresh all-time high for the sixth consecutive session on Thursday, September 26, driven by positive global sentiment and robust domestic inflows. During today’s intra-day trading, the Nifty climbed 84 points to hit a new peak of 26,087, while the Sensex surged 293 points to a record high of…
Source: Live Mint Following the recent lifting of RBI restrictions on its gold loan business, global brokerage house HSBC upgraded IIFL Finance stock to ‘hold’ from ‘reduce.’ HSBC also raised the stock’s target price to ₹540 from ₹350 earlier, implying an 8 percent upside potential. HSBC also upgraded its FY25-27 EPS estimates by 6 percent…
Source: Live Mint Benchmark indices Sensex and Nifty hit new highs in the previous session on September 24. However, as of September 25, trading remains subdued, with muted movement across the markets. On September 24, Benchmark Sensex reached a record high of 85,163.23, crossing the 85,000 mark for the first time, while Nifty set a…
Source: Live Mint Shares of Servotech Power Systems hit their 5 percent upper circuit of ₹191.99, marking a record high following the company’s announcement of a fundraising initiative via preferential share issuance. The Board of Directors approved the issuance of warrants convertible into equity shares during a meeting held on September 23, 2024. The decision…
Source: Business Standard Overseas funds are piling money into Indian stocks, marking a strong return to the $5 trillion market. Image: Bloomberg 4 min read Last Updated : Sep 21 2024 | 9:01 AM IST By Abhishek Vishnoi and Winnie Hsu Overseas funds are piling money into Indian stocks, marking a strong return to the…
Source: Live Mint Adani Energy Solutions, part of Adani Group, has had a volatile 2024, with the stock down over 6 percent YTD. In the last one year, it gained just 14.5 percent. Despite this lacklustre performance, brokerage firm Cantor sees potential multibagger returns for the stock. It has initiated a call on the Adani…
Source: Business Standard Illustration: Ajay Mohanty 4 min read Last Updated : Sep 19 2024 | 10:38 PM IST Investment strategy after US Fed’s rate cut: The US Federal Reserve’s jumbo rate cut of 50 basis points — a first since early 2020 — triggered volatility across various asset classes. The US equities, for…
