The calendar year 2024 has been a roller coaster ride for the stock market. Market participants have faced uncertainties due to a mix of potential rate cuts and geopolitical issues. However, a resilient domestic economy has kept investor morale high. As a result, the NSE benchmark Nifty 50 index is up about 4.83% and reached …
Coforge Limited, a leading IT services provider known for its end-to-end software solutions, announced a strategic acquisition on May 2nd, 2024. Coforge entered into a share purchase agreement with promoters and select public shareholders of Cigniti Technologies Limited, aiming to acquire a significant stake in the company. Acquisition Scope Target Stake: Coforge seeks to acquire …
On May 02, 2024, Nifty 50 and Sensex rose 0.19% and 0.17% to 22,648 and 74,611, respectively. Foreign Institutional Investors (FII) sold securities worth around ₹964 crore, while domestic investors bought shares worth ₹1,352 crore. Top Gainers and Losers On the sectoral front, Nifty Auto, Nifty Metal, Nifty Pharma, and Nifty Financial Services 25/50 ended …
In 2024, the commercial environment is continuously changing with the creation of new items as well as strategic alliances that are shaping industries from electronics to finance. Below are 5 firms that have launched recent cutting-edge items or partnered anew with an aim to transform their particular markets. 1. HPL Electric & Power Ltd Launches …
Benchmark indexes had a good trading day on Thursday, with the Sensex closing at 74,611.11 after a modest 0.17 percent increase and the Nifty closing at 22,648.20 after a 0.19 percent gain. In a similar vein, the Broader market saw modest increases as Nifty Mid-cap ended the day up 0.44 percent and Nifty Small-cap saw …
During Thursday’s trading sessions, these three equities gained significantly with price and volume activity, indicating potential bullish action. Here’s an in-depth look. Jaiprakash Power Ventures Ltd Today, Jaiprakash Power Ventures Limited showcased promising movement, with the stock currently trading at Rs 20.05 after opening at a high of Rs 20.5. The trading volume spiked to …
Yes Bank is engaged in offering a range of financial products and services, including digital solutions. Its investment banking, merchant banking, and brokerage operations are managed by its subsidiary, YES Securities. The bank has strengthened its financial position this quarter, although its profitability is still hindered by an inefficient RIDF. Key Financial Points Yes Bank …
Affle (India) and APL Apollo Tubes are identified as upside potential stocks based on technical analysis. Both stocks have displayed promising structures and technical setups, including price volume contraction, the potential to bounce back and breakout. Currently trading at Rs 1579.05 and Rs 1126.35 respectively, their price aligns with positive signals from technical indicators like …
The automobile sector plays a significant role in macroeconomic expansion and technological advancement, making the industry a proven indicator of economic growth. Due to a large proportion of India’s population being under 30 and a developing middle class, the two-wheeler segment leads the market in terms of volume. India is the world’s largest tractor maker, …
On May 2, 2024, Datamatics Global Services Limited informed the stock exchanges that it has been recognised as a ‘Major Contender’ in Everest Group’s Intelligent Document Processing (IDP) Products PEAK Matrix® Assessment 2024. The company stated that this is the sixth year in a row that the Everest Group, a leading research firm, has recognised …
