By Ravi Singh Nifty October futures are currently trading at a 75-point premium. We have seen a decent bounce of around 500 points after making a low of around 24,750 zone. We have seen a further downfall in the FII long ratio which is now at 35%. Furthermore, we have seen a sharp sell-off by
By Subash Gangadharan The daily timeframe indicates that Nifty is now stuck in a range between the 24900-25235 levels for the last one week. A close below this range could see the Nifty moving down towards the 20-week SMA at 24663. The momentum readings like the 14-day RSI are in decline mode which increases the
The National Stock Exchange (NSE) and BSE will hold their annual Diwali Muhurat trading session on Friday, November 1, from 6:00 PM to 7:00 PM, marking the beginning of the Hindu calendar year, Samvat 2081. While the stock market will be closed for trading on Diwali, the special one-hour Muhurat trading session will be open
Shares of RBL Bank slumped by 13%, hitting an intra-day low of Rs 176.50 on the NSE today following the announcement of its Q2FY25 results. The bank reported a 24% year-on-year (YoY) decline in profit after tax (PAT) to Rs 223 crore for the quarter ended September 2024. RBL Bank’s Q2FY25 Performance Despite the dip
Petrol, Diesel Price Today 21 October 2024: Oil prices were steady at the time of early morning trade on Monday just after a major drop of 7% in the last week. The reason behind the decline has been credited to fear of less demand from China and ongoing conflict in the Middle East. As per
Shares of Tech Mahindra gains over 3% to open at Rs 1,745 on NSE today after reporting a remarkable 153.1% year-on-year (YoY) jump in net profit for the second quarter of FY25, reaching Rs 1,250 crore. The company’s revenue rose by 3.5% YoY to Rs 13,313 crore during the same period. Revenue Performance In constant
Go to Live UpdatesHDFC Bank Share Price Today Live Updates, 21 Oct, 2024: HDFC Bank shares were up 3% after the company reported a 6% increase in consolidated net profit for the September quarter, reaching Rs 17,825.91 crore. The counter closed trade on 18 Oct, 2024 at Rs 1681.15. The shares touched intraday high of
Go to Live UpdatesTech Mahindra Share Price Today Live Updates, 21 Oct, 2024: Tech Mahindra shares rise 4.4% to an intra-day high of Rs 1,761.85 a day after it reported a two-fold jump in its net profit for the July-September quarter, reaching Rs 1,250 crore, driven by special income from the sale of assets. The
The UK-based Prudential on Thursday announced the establishment of a standalone health insurance company in partnership with Vama Sundari Investments (Delhi), a firm owned by the HCL Group promoter. Subject to regulatory approvals, Prudential Group Holdings — a UK subsidiary of Prudential plc — will hold 70% stake in the joint venture and Vama Sundari Investments
A routine GST enquiry has opened a can of worms in India’s Rs 1.2 lakh crore advertising industry. The Competition Commission of India raid on several media agencies just ahead of the 2025 IPL season will force the industry to take a relook at pricing strategies, explains Alokananda Chakraborty What triggered the raids? Insiders say
Hindalco will invest Rs 45,000 crore over the next three years across its aluminium, copper, and specialty alumina businesses, Aditya Birla Group chairman Kumar Mangalam Birla said on Thursday. The investment will focus on both upstream operations and next-generation high-precision engineered products. Speaking at the unveiling of Hindalco’s new brand identity, Birla emphasised the company’s
The retail jewellery segment remains largely untapped, presenting a significant opportunity for major gems and jewellery companies. Amit Pratihari, managing director of De Beers Group India, in an interview with Krishna Barot, shares insights on evolving consumer preferences, the impact of lab-grown diamonds (LGDs), and De Beers’ strategic expansion in India. Excerpts: Q How is
Infra.market, a tech-enabled building materials platform, looks to tie up with mine owners and procure materials from them. The company sources aggregates (stone chips) which is one of largest raw material of concrete. “This is a part of backward integration to source raw materials,” said Aditya Sharda, co-founder of the company. The company has over 230
