Markets
Rupee falls over 2% against US dollar YTD; Q4 results, assembly elections may fuel volatility in INR
Apart from RBI’s activeness more in bond and now less in FX, other economic and political events could drive momentum in Rupee By Amit Pabari When expectation doesn’t meet reality then the market reacts unexpectedly. The same happened this week when RBI came up against the market’s hawkish tone...
Infosys Q4 results: Strong revenue growth likely, salary hikes may hit margins; 5 things to watch out for
Infosys share price surged 8.5 per cent in Jan-Mar 2021, and 11 per cent so far this year (YTD) IT bellwether Infosys is scheduled to announce its fourth-quarter results later today. The company will also consider a final dividend for FY21 along with a proposed share buyback. Most brokerage...
Rakesh Jhunjhunwala raises stake in Fortis Healthcare; share price rallies 30% in Jan-Mar 2021
Rakesh Jhunjhunwala held 3.25 crore shares, or 4.31 per cent stake, in Fortis Healthcare at the end of the March quarter Ace investor Rakesh Jhunjhunwala has raised his stake in Fortis Healthcare in the January-March quarter of the year 2021. Rakesh Jhunjhunwala held 3.25 crore shares, or 4.31 per...
Equity mutual funds record net outflows first time in seven years in FY21 despite 67% surge in AUM
. The net outflows recorded were owing to profit booking by investors as Nifty surged strongly from March 2020 lows. With eight months of consecutive outflows in financial year 2021, investors turned net sellers of equity mutual funds for the first time in seven years. The total outflows from...
Petrol and Diesel Price Today in India: Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad and More Cities
Prices of Petrol and Diesel remain unchanged for the fifteenth consecutive day. (Image: REUTERS) Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Prices of Petrol and Diesel remain unchanged today, holding steady for the fifteenth consecutive day. The price of petrol and diesel has been the...
India financials: Credit growth at 5.6%; profits to rise sharply
Steady improvement in operating profit; reversal of penal interest a one-time risk. 4QFY21 results of financials will benefit from low base driving 108% rise in profit for banks, 30% VNB growth for life insurers & 68% rise in AMCs’ profit. For lenders, slippages will be high as proforma NPLs...
Hallmarking of gold jewellery to be mandatory from June 1
India is the largest importer of gold, mainly owing to the demand of the jewellery industry which imports 700-800 tonne annually. The government said on Tuesday it is fully prepared to implement compulsory hallmarking of gold jewellery and artefacts from June 1, amid rumours that the scheme’s rollout could...
Sensex, Nifty recoup 40% of Monday’s losses as govt fast-tracks approval for global COVID-19 vaccines
A sharp increase in COVID-19 daily cases in the country and possibility of larger economic restrictions have already dented investors’ sentiments. Image: Reuters BSE Sensex and Nifty 50 index surged over one per cent, recouping nearly half of the losses made in the previous session. Market sentiment improved after...
Gold prices trade marginally higher; still down nearly Rs 10,000 per 10 gm from record high
Some profit-booking has been observed in the gold prices on the back rising US Treasury yields Gold and silver prices in India gained marginally on Tuesday, due to a weaker rupee against the US dollar. On MCX, gold June futures were trading Rs 14 or 0.03 per cent up...
TCS share price top Sensex loser; why TCS stock is falling despite 15% rise in net profit
Analysts believe that today’s fall in IT shares offers a good opportunity for the investors to make a re-entry IT stocks such as TCS, Infosys, HCL Technologies and Tech Mahindra were trading up to 3.5 per cent down on BSE on Tuesday. Tata Consultancy Services share price fell as...
Coinbase set to list on NASDAQ tomorrow; first Bitcoin trading platform to enter stock markets
Started in 2012, Coinbase is how most cryptocurrency investors, retail or institutional, get their hands on assets such as Bitcoin, Dogecoin, or Ethereum, if they do not mine them. (Image: Coinbase) The Cryptocurrency gold rush is all set to enter Wall Street as soon as tomorrow, with Coinbase slated...
Market LIVE: Nifty off day’s high, still in green, Sensex above 48,000; RIL, ICICI Bank top contributors
Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks BSE Sensex and Nifty 50 were trading higher on Tuesday via India Infoline
Infosys share price hits new 52-week high as board mulls buyback; 3rd buyback in last 5 years
Infosys completed its first buyback of Rs 13,000 crore in December 2017 Infosys share price hit a new 52-week high of Rs 1,480 apiece in opening deals on Monday, a day after the software services giant announced that it would consider a proposal to buyback shares at a board...
Radhakishan Damani’s DMart says Q4 revenue strong, warns of lockdown deja-vu; should you buy shares?
During the last quarter, Avenue Supermarts continued to grow strongly. Its revenue from operations was 2% ahead of what analysts at Global brokerage and research firm Goldman Sachs had estimated. (image: REUTERS) Radhakishan Damani’s Avenue Supermarts, the company that runs the DMart hypermarket chain, last week said that its...
Dividend bonanza for TCS shareholders; Board gives nod to Rs 15 per share final dividend
TCS net profit jumped 15% on-year in Q4. IT major Tata Consultancy Services (TCS) today announced that its Board of Directors has recommended a final dividend of Rs 15 per share, subject to shareholder approval. Earlier the company has handed interim dividends of Rs 5 per share, Rs 12...
4 technical stocks to buy this week: IGL, India Cements, others may rally up to 16%, look strong on charts
Research and brokerage firm Axis Securities has recommended four technical stocks to buy this week, with up to 16 per cent rally. Image: Reuters Sensex and Nifty 50 plunged over 3.5 per cent on Monday as India recorded a massive surge of 1.7 lakh COVID-19 cases in the last...
Jefferies’ Chris Wood holds on to cyclical trade on Wall Street; sees no imminent tapering scare
In the aftermath of the pandemic, the US economy has been going on strong, another reason why Wood continues to be bullish on cyclicals. (Image: Reuters) With the US economy coming out of the pandemic strong, Chris Wood, Global head (equity strategy), Jefferies is sticking to his long on...
Sensex tanks over 3%, Bank Nifty tumbles 1,650 pts; bloodbath on D-St wipes out Rs 8 lakh cr investor wealth
Amid panic selling, the total market cap of BSE-listed companies tumbled by nearly Rs 8 lakh crore to Rs 201 lakh crore at close BSE Sensex and Nifty 50 plunged over 3 per cent on Monday as fear of stricter lockdown to curb the second wave of COVID-19 dented...
