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Source: Live Mint The Indian stock market extended its upward trend for the second consecutive trading session on Tuesday, tracking a rally on Wall Street overnight amid hopes of potential Fed rate cuts next week. The surge was led by gains in IT and pharma stocks, with a 5% increase in Nifty IT stocks, fueled…
Source: Live Mint Shares of Suzlon Energy, India’s largest renewable energy solutions provider, hit the 5 percent upper circuit limit today, reaching at ₹78.05 per share. This increase comes after global brokerage firm Morgan Stanley reaffirmed its ‘Overweight’ rating on Suzlon Energy, following the company’s recent acquisition of a 1.17 GW order from NTPC. Morgan…
Source: Business Standard 3 min read Last Updated : Sep 09 2024 | 10:36 AM IST Shares of Hindustan Unilever (HUL) hit a new high of Rs 2,875, gaining 1 per cent on the BSE in Monday’s intra-day trade in an otherwise weak market after the fast moving consumer goods (FMCG) giant on Friday decided…
Source: Business Standard 3 min read Last Updated : Sep 10 2024 | 6:18 AM IST Nifty Financial Service Index The Nifty Financial Services Index is currently trading in a range-bound pattern, moving between the levels of 23,800 and 23,660. This indicates that the index is in a consolidation phase, with no…
Source: Business Standard Senco gold | Source: Senco gold 3 min read Last Updated : Sep 09 2024 | 11:00 AM IST Shares of Senco Gold hit a high of Rs 1,252.10, as they rallied 5 per cent on the BSE in Monday’s intra-day trade on healthy outlook. Thus far in the calendar year,…
Source: Business Standard 4 min read Last Updated : Sep 09 2024 | 12:14 PM IST Shares of public sector banks (PSBs) are down for the second straight day, falling by up to 4 per cent on the National Stock Exchange (NSE) in Monday’s intra-day trade. Shares of PSBs extended their Friday’s decline after Goldman…
Source: Business Standard Illustration by Binay Sinha 5 min read Last Updated : Sep 09 2024 | 1:26 PM IST Shares of Kitex Garments (KGL) and Tribhovandas Bhimji Zaveri (TBZ) hit multi-year highs after they rallied by up to 17 per cent on the BSE in Monday’s intra-day trade in an otherwise weak broader market…
Source: Business Standard 2 min read Last Updated : Sep 09 2024 | 9:58 PM IST The Supreme Court on Monday set aside an order by the Bombay High Court which had imposed a cost of Rs 80 lakh on the Securities and Exchange Board of India (Sebi), the National Stock Exchange (NSE), and…
Source: Live Mint Krishnan VR, Chief of Quantitative Research team at Marcellus, believes that valuations of Indian markets are clearly quite extended both compared to history and across various sectors and stocks. However, he opined that as long as mid- and small-cap stocks deliver on expected earnings growth, there won’t be any valuation derating. He…
Source: Live Mint Expert Views: Short-term market triggers are likely to be driven by macroeconomic data, said Pradeep Gupta, Co-founder & Vice-chairman, Anand Rathi Group, talking to Mint. He expects 25bps rate cut by the US Federal Reserve and says these expectations seem to be largely priced in by global financial market. He currently favour…
