Tata Motors, one of India’s leading automotive manufacturers, reached a significant milestone on Thursday as its market capitalisation exceeded the esteemed Rs 4 lakh crore mark for the first time. This achievement was driven by a notable rally in the company’s shares, which surged by 6.2%, closing at Rs 1,091. Market Performance and Optimism Analysts …
Strong Order Book Signals Growth Potential Praj Industries reported a significant increase in order inflows for FY24, particularly in their engineering division, which has doubled compared to previous periods. This translates to a robust order book of Rs. 38,550 million as of March 2024, indicating a promising pipeline for future revenue generation. While the full …
The Indian benchmark indices showcased a positive trend, with Sensex and Nifty rising by 0.38% and 0.31%, respectively. On Tuesday, the NSE benchmark surpassed the 24,400 mark, achieving a new all-time high of 24,401.20, slightly above its previous peak of 24,401 recorded on July 04, 2024. Key Contributor: ITC One of the major contributors to …
The BSE Sensex has exhibited a commendable Year-to-Date (YTD) performance, yielding returns of 16%, while the Nifty 50 has surpassed this, delivering a robust 16.8% YTD return in the current year. Notably, the Indian equity markets have demonstrated resilience compared to their Asian counterparts, outshining indices such as the Hang Seng (-15.17%), Jakarta Composite (5.17%), …
The inclusion of Indian sovereign debt in the JPMorgan Emerging Markets Bond Index (EMBI) marks a watershed moment for the Indian fixed income market and the broader Indian economy. Historically, while the Indian equity market has seen substantial global participation, the bond market has awaited this pivotal event to trigger its growth phase. The JPMorgan …
Historic Day for Adani Ports and SEZ Monday marked a historic milestone for Adani Ports and SEZ as its shares began trading on the BSE Sensex on June 24, following an index rejig. The Adani Group stock replaced Wipro in the BSE Sensex. Stock Performance on the First Trading Day On Monday, shares of Adani …
In the rapidly changing world of tech and digital advancements, Newgen Software Technologies LTD has become a standout player, surprising many with its impressive performance. This article dives into the recent moves that brought Newgen into the limelight, like the bonus issue and a boosted share capital. We’ll explore their strong Q2 showing and the …
Indian markets started the Wednesday session on a positive note. However, soon after the positive start, profit booking was observed at higher levels. This is not the first instance where profit booking has occurred at higher levels. Every time the index attempts to move higher, it has not been an easy ride. The upward movement …
This week, market participants will keep a close eye on earnings, as over 200 companies are expected to report their quarterly results for the period ending March 31, 2024. In addition to the earnings, the IPO market will attract attention, with 4 IPOs in the SME segment set to open for subscription this week. Issuer …
On April 05, 2024, Nifty 50 was down by 0.95 points to 22,513, while Sensex rose 20 points to 74,248. Foreign investors bought securities worth around ₹1,659 crores, while domestic investors sold shares worth ₹3,370 crore.\ Top Gainers and Losers On the sectoral front, Nifty Realty, Nifty Private Bank, Nifty Bank, and Nifty Financial services …
