By Nagaraj Shetti After showing a sustainable upmove in the last three sessions, Nifty shifted into a consolidation on Wednesday amidst volatility and closed the day higher by 10 points. A small red candle was formed on the daily chart with minor upper and lower shadows. Technically, this market action indicates a formation of a
The Indian rupee slumped to a record low against the U.S. dollar on Wednesday, reflecting a broader weakening of Asian currencies and growing concerns over the country’s economic outlook. The rupee touched an all-time low of 84.8650 before settling at 84.83, marking a marginal recovery by the close of trading. The Indian rupee was pressured
A healthcare service provider, Inventurus Knowledge Solutions (IKS Health) IPO is set to open for subscription tomorrow (December 12) and will stay open until December 16. Here is everything you need to know about the upcoming IPO: Subscription details The healthcare service provider, public issue is offering its shares within a price band of Rs
India’s two leading renewable energy sector companies – NTPC Green Energy and Waaree Energies are drawing significant attention for their market moves and growth potential. While both companies are making waves with their stock performance, let’s take a look at how they stack up when it comes to their order books, valuations, and other prospects.
At a time when both the Nifty-50 and Sensex have seen volatility with a downward bias, investors have continued to keep their faith in mutual fund schemes. Net assets under management of mutual fund schemes rose to a new milestone of Rs 68 lakh crore. However, on a month-on-month basis, there was a 14% decline
Shares of Life Insurance Corporation fell 4% to an intra-day low of Rs 947.50 after the company’s premium contracted 27% on year. The company’s retail annual premium equivalent (APE) has fallen to 12.4% year-on-year to Rs Rs 2,215.5 crore in November 2024, compared to Rs 2,528.4 crore in November 2023. While, the total APE dipped
By Anand James Despite a lacklustre close on Friday, Thursday’s almighty push succeeded in pushing 50 and 56% respectively of the mid and small-caps constituents above their 50-day SMA. In comparison, these figures were 15.3 and 18.8 % on November 21 when Nifty hit the lowest point since the downtrend began on September 27. This
By Ravi Singh Nifty started the week mute with no change in OI data on Monday, suggesting a period of consolidation following a 2.5% gain in the previous week. The November CPI data, scheduled for release this Thursday, will be a key economic indicator. For the continuation of last week’s momentum, the Nifty needs to
E-commerce giant Amazon is set to acquire Indian startup Axio, an online lending platform offering point-of-sale financing. Amazon first invested in Axio during its Series C funding round six years ago and currently holds an 8% stake in the company. “In December, after the successful completion of due diligence, we signed an agreement with Amazon
Mukesh Ambani-led and oil and gas major, Reliance Industries has declared its quarterly earnings. The company’s profit jumped 11.7% YoY to Rs 21,930 crore from Rs 19,641 crore. The big contribution came from he company’s digital services and festive demand for the retail business. Even for the Oil and gas business, it was a steady
8th Pay Commission salary revision: In a major relief for about 1.2 crore central government employees and retirees, the Modi government on January 16 announced the approval of the 8th Pay Commission. On the Union Cabinet’s nod for the next pay panel, Union Minister Ashwini Vaishnaw said that PM Narendra Modi has approved the 8th
The news about the move by the founder of the US-based short seller Hindenburg Research to disband the entity apparently has huge implications for India and especially for its regulatory institutions. “This is a very important development and will play a role in reinforcing the faith in the Indian regulatory institutions,” says Prasanna Tantri, associate
IT major Infosys Ltd on Thursday revised its FY25 revenue guidance to 4.5- 5.0 per cent in constant currency from an earlier 3.75-4.5 per cent. It, however, maintained an operating margin of 20- 22 per cent. Earlier, brokerage firms had estimated that Infosys will revise or upgrade its FY25 revenue growth guidance to 4.25–4.75 per
