Kotak Mahindra Bank Faces a Rough Thursday with 10% Drop It was a turbulent Thursday for Kotak Mahindra Bank, India’s fifth-largest bank by market capitalization. Shares plummeted more than 10%, marking the biggest single-day drop since the pandemic lows of March 2020. The steep decline came after the Reserve Bank of India (RBI) imposed strict …
On April 25, 2024, Nifty 50 and Sensex rose 0.75% and 0.66% to 22,570 and 74,339, respectively. Foreign Institutional Investors (FII) sold securities worth around ₹2,823 crore, while domestic investors bought shares worth ₹6,167 crore. Top Gainers and Losers On the sectoral front, Nifty PSU Bank, Nifty Pharma, Nifty Healthcare, and Nifty Metal closed in …
On Wednesday, the market bounced back from its early lows and ended the session near the day’s high. It marked the fifth consecutive session of gains, the longest winning streak in two months. The Sensex rose by 0.66% to close at 74,339.44, while the Nifty climbed by 0.75% to 22,570.35. Market volatility, as measured by …
The VIX acts as a mood ring for the market, reflecting investor sentiment and potential for short-term swings. A higher VIX reading suggests greater anticipated volatility, often interpreted as fear prevailing among investors. Conversely, a lower India VIX indicates a calmer market environment with less expected price swings. By analysing historical data and its behaviour, …
These three equities gained significantly with price and volume activity during Thursday’s trading sessions, indicating potential bullish action. Here’s an in-depth look. Indian Overseas Bank Today’s trading activity for Indian Overseas Bank showed notable bullish behavior with a substantial volume of 41,297,357 shares traded. The stock peaked at Rs 67.45 and is currently trading at …
On April 24, 2024, National Aluminium Co. Ltd informed the stock exchanges that the company’s Joint Venture company, Khanij Bidesh India Limited (KABIL), had signed a Memorandum of Understanding (MoU) with the Council of Scientific and Industrial Research – National Geophysical Research Institute (CSIR-NGRI). Khanij Bidesh India Limited signed the MoU with CSIR-NGRI to foster …
The Indian banking system is integral to the nation’s economy, serving as the conduit through which funds flow from savers to borrowers. It plays a central role in facilitating investment and supporting individual financial needs, thus contributing significantly to the country’s economic development. Recent events in the banking sector illustrate both the volatility and the …
Shares of The FMCG Giant, ITC Ltd. are going to gain traction as the company has set June 6th at 10:30 AM as the date and time for the shareholders meeting for the approval of the proposed demerger of the hotel business, ITC Hotels which was made last year. Demerger Proposal ITC approved the Scheme …
Indus Towers is one of the largest telecom tower companies in the world, with over 185,000 towers across India. It was founded in 2007 as a joint venture between Bharti Airtel, Vodafone, and Idea Cellular. Negotiations were reportedly underway for Bharti Airtel, India’s second-largest telecom operator, to acquire the 21.05% equity stake held by UK-based …
Reliance Industries Ltd (RIL), India’s largest company by market capitalization, reported a 7.3% increase in consolidated net profit at Rs.79,020 crore for the financial year 2023-24. The company’s gross revenue surpassed the Rs.10 lakh crore mark during the same period. The conglomerate’s two emerging businesses, Reliance Retail Ventures Ltd (RRVL) and Jio Platforms Ltd (JPL), …
