The Indian equity market ended the session on a negative note today, with BSE Sensex closed at 76,619.33, down by 0.55%, while the NSE Nifty 50 settled at 23,203.20, marking a loss of 0.47%. The Rupee, meanwhile, ended the day at 86.61 against the US dollar, gaining 0.06%. The Nifty Bank ended today’s trading session
Bharat Dynamics’ share price jumped 12% in the last two trading days. It rose 7% to quote at an intra-day high of Rs 1,286.35 on Friday. It was up more than 8% to touch a high of Rs 1,229 on Thursday after it signed a pact worth Rs 2,960 crore with the Ministry of Defence.
Shares of Axis Bank took a major hit today, January 17, shedding by 6% to touch a 52-week low. This sharp decline followed the bank’s announcement of its third-quarter results for the financial year 2024-25 (Q3FY25), leaving many investors on a cautious note. Axis Bank Q3: Market reaction – A 52-week low Axis Bank, which
Indian equity indices shed 1% during Friday’s trade. The Bank Nifty declined most among the key indices, falling 1.9% to a day’s low of 48,309.50. In fact, the overall banking stocks are under pressure and experts believe that Axis Bank numbers kindled caution amongst investors and triggered negative sentiment. Bank Nifty is in a downtrend
Reliance Industries shares have given a thumbs up to the Q3 earnings . The stock opened higher at Rs 1,322.25 per share, and soared by 4.7% to reach intra-day high of Rs 1,326 per share. Trading at Rs 1,266.45 the previous day, the stock is approximately 21.28% away from its 52-week high of Rs 1,608.80.
Capital Infra Trust InvIT made a flat debut on the stock exchanges, with its units listing at Rs 99 each on both the NSE and BSE. The price band for this mainboard issue was set between Rs 99 and Rs 100 per unit. Capital Infra Trust InvIT IPO – GMP In the grey market, which
Infosys shares plunged as much as 5.8% to an intra-day low of Rs 1,816. The stock was the major loser in the Nifty 50. It was despite an upward revenue guidance for the current fiscal year. During the pre-open session, the stock was 4% gap-down quoting at Rs 1,851. However, most brokerages raised concerns about
The benchmark equity indices opened Friday’s trading session gap-up. The NSE Nifty 50 opened 87.05 points or 0.37% lower at 23,224.75, while the BSE Sensex fell 288.09 points or 0.37% to open at 76,754.73. “The correction in the market has made largecap valuations reasonable. Nifty is now trading at around 19 times the estimated FY
State-owned Bharat Sanchar Nigam (BSNL), which was seen gaining mobile users after tariff hikes by private telecom operators in July last year, has now started seeing subscribers loss, according to data by the Telecom Regulatory Authority of India (Trai). In November, the telecom operator lost 344,473 mobile users after continuously adding the subscribers for four
State-owned Bharat Petroleum Corporation Ltd (BPCL) which recorded a 19.6% jump in its consolidated profit for the third quarter of FY25 has revised its capex target for the current fiscal year upwards from Rs 13,000 crore to Rs 16,000 crore and set the goal for 2025-26 at around Rs 19,000 crore. The company is also
Prominent real estate developers and brand experts have called for an amicable resolution to the legal battle between the Lodha brothers, Abhishek and Abhinandan, over the use of the family name in their respective businesses. Abhishek Lodha’s Macrotech Developers recently filed a petition in the Bombay High Court against Abhinandan Lodha’s firm, alleging misuse of
In spite of the significant rise in housing prices across Indian cities in 2024, homebuyers continue their quest for bigger living spaces. Latest ANAROCK data shows that average flat sizes in the top 7 cities rose by 8% annually in 2024 – from 1,420 sq. ft. in 2023 to 1,540 sq. ft. in 2024. Back
Donald Trump taking the oath as the US President for the second time saw US markets soar. The entire world watched closely how Trump might shape his possible economic policies. There were concerns that if Trump implemented his protectionist policies, as widely anticipated by experts, it could impact the global economy and markets adversely, though
