Key Highlights of this Story In recent times, stock markets have witnessed a bullish phase, mainly around 2021. Equity mutual funds especially saw a rise in inflow which tallied up to Rs. 91,000 crores. In the previous year, however, equity mutual funds had seen a rise of Rs. 9,100 crores. 2021 saw investors put a …
Markets Trading in Red Towards the end of the day on Friday, markets somehow recovered after trading in red. Nifty Bank closed at Rs. 38,370.40, which is lower by around 100 points of 0.26%. At the same time, Nifty Midcap also settled with marginal losses. As per experts, high listing stocks may witness marginal weakness. …
The year 2021 marked record highs in Indian stock markets despite the negative effects of the COVID-19 pandemic. A record number of IPOs were raised while Sensex rallied 20% and Nifty 50 rose by 22%. Riding on the wave of this rally were many multi-bagger penny stocks providing high returns for their shareholders. Kwality Pharmaceuticals …
Foreign portfolio investors (FPIs) have turned positive in January 2022 by pouring over Rs 3,117 crore into Indian markets. This is their first positive month since October 2021. Between January 1, 2022, to January 14, 2022, the foreign investors have infused over Rs. 1,850 cr in the equity market whereas more than Rs. 1,740 cr …
Hindustan Unilever’s December quarter earnings are expected to be released on Thursday. The key focus of the results will be the demand from rural areas. The investors are glued to focus on this factor more than anything else. Rural demand became the key focus element because when the company declared its second-quarter results, HUL had …
HDFC Bank, a leading private sector lender, reported a standalone net profit of Rs 10,342 crore for the December 2021 quarter on January 15, up 18 percent year on year thanks to lower bad loan charges. The profit in the previous fiscal quarter was Rs 8,758.29 crore. In Q3FY22, net interest income increased by 13% …
After a week of gains of more than 2%, the market continued to be “happy” in the new year, with purchases across the board fueled by power and real estate sectors, as well as mid-cap companies. As of Friday, the Sensex was at 61,223.03 points and the Nifty was at 18,255.8 points, respectively. By comparison, …
Wednesday, i.e. 12 January 2022, witnessed a new record as the market capitalization of firms listed on BSE rallied over Rs. 277.22 lakh crore. Resultantly, the investors’ wealth also rose by Rs. 6,08,024.55 crores in just 4 days. Moreover, this BSE benchmark rallied for the fourth session consecutively to jump 533.15 points or 0.88% and …
Infosys (Current Market Price – Rs. 1,875.80) Infosys is the 2nd largest IT firm in the country regarding market cap. The company reported a rise in its consolidated net profit at 7.2% QoQ for the quarter ended December 2021. As a result, it reached Rs. 5,809 crores after the closing hours on 12 January. Moreover, …
On Wednesday, January 12, 2022, three giants from the IT pack, Infosys, Tata Consultancy Services, and Wipro, reported third-quarter results. This time, the IT index saw an action-packed result day due to all three companies declaring the quarterly results on the same day for the first time. The rise of digital demand has boosted the …
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