On May 27, 2024, ZF Commercial Vehicle Control Systems India Limited signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology, Madras (IITM), with the objective of building the Bharat Multi-Modal Mobility Stack (BM3S). The MoU focuses on ‘Mobility and Intelligent Transportation’ (MInT). The company further added that the BM3S is a game-changing …
The benchmark index S&P BSE 500 opened today at 34,057.62 and made its day high at 34,057.62, and it is trading flat today, up by around 0.05%. From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 5% today. Sumitomo Chemical India Ltd Shares …
Domestic frontline indices exhibited heightened volatility, with broader indices trading significantly lower. The power, utilities, and capital goods sectors faced selling pressure, whereas the metals and consumer durables sectors emerged as notable gainers. At 10:30 am, the BSE Sensex gained 0.21% reaching a level of 75,549. The Nifty 50 index added 0.25% to the 22,988 …
Inox Wind Ltd. is an Indian wind energy service provider, headquartered in Noida, India, and a subsidiary of the Inox Group. It manufactures Wind Turbine Generators (WTGs) and provides services such as wind resource assessment, site acquisition, and more. The shares of Inox Wind have cracked down by 10% today as a large block deal …
On Tuesday, the benchmark indices were trading in the green with the Sensex up around 148 points or 0.20% at 75,540, while the Nifty-50 was up around 55 points or 0.25% at 22,988. About 1,408 shares have advanced; 2,079 declined and 159 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
Timken Singapore Pte. Ltd., a significant stakeholder in Timken India, is set to divest a 6.6% stake in the company which has secured considerable attention in the financial markets, given its substantial value and potential impact on Timken India’s stock performance. Details of the Divestment Timken Singapore plans to offload its 6.6% stake, translating to …
Life Insurance Corporation of India (LIC), The Indian multinational public sector life insurance company is India’s largest insurance company as well as the largest institutional investor with total assets under management worth Rs.52.52 trillion as of March 2024. It is under the ownership of the Government of India and administrative control of the Ministry of …
Market Recap On Monday, a bearish candlestick pattern formed on the Nifty with shadows on both sides. It registered a high of around 23,111 during afternoon trade. However, last hour’s sell-off took the index below the 23,000 mark to settle at 22,932 (down by 0.11% or 25 points). It is apparent that bulls are facing …
IFCI, formerly known as Industrial Finance Corporation of India, is an Indian government-owned non-banking finance company which was established to cater to the long-term finance needs of the industrial sector. The stocks fell by 15.08% in 2022; but started seeing some improvements as it gave multibagger returns of 111.23% in 2023. In the calendar year …
On May 27, 2024, the Nifty 50 declined 0.11% and closed at 22,932, and the Sensex dropped 0.03%, closing at 75,390. Top Gainers and Losers On the sectoral front, Nifty PSU Bank, Nifty Realty, Nifty Bank and Nifty Financial Services 25/50 ended in the green. Meanwhile, Nifty Media, Nifty Metal, Nifty Oil & Gas, and …
