Markets
Reliance Industries stock price may rise to these levels; foreign investors maintain bullish stance
Jefferies sees three key triggers ahead for the stock. (Image: REUTERS) Mukesh Ambani’s Reliance Industries Ltd. (RIL) has seen increased interest from foreign portfolio investors in the last one year. Foreign Portfolio Investor’s (FPI) shareholding in RIL has jumped 1.59% in the January-March quarter, from a year-ago period. Meanwhile,...
RIL, Titan, HUL, PowerGrid InvIT, Bharti Airtel, Bajaj Finserv, Ambuja Cements stocks in focus
Technical analysts say that the Nifty index has given a breakout of its upper band of Falling Wedge formation, which signifies a bull run in the counter. Nifty futures were trading 37 points or 0.25 per cent higher at 14,882 on Singaporean Exchange on Thursday, suggesting a positive start...
Gold prices snap 5-day losing streak as US Fed holds interest rates; MCX gold may touch Rs 47,500
Gold gained momentum after the US Fed’s pledge for an accommodative fiscal policy stance in yesterday’s policy meeting. Gold prices snapped the 5-day losing streak on Thursday after the US Federal Reserve decided to keep the interest rates unchanged near zero. MCX gold June futures were trading Rs 163...
Petrol and Diesel Price Today in India: Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad and More Cities
Fuel prices were last cut on April 15 after having remained unchanged for fifteen days straight. (Image: REUTERS) Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Prices of Petrol and Diesel have remained unchanged for fourteen consecutive days now. Fuel prices were last cut on April...
Market LIVE: Sensex, Nifty eye gap-up start, PowerGrid InvIT IPO opens; US Fed holds interest rates near zero
Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks BSE Sensex and Nifty 50 have been on a gaining spree for three straight days. via India Infoline
Sensex gains for third straight day as financials lead; Nifty may soon hit 15,100
Market breadth was largely positive as 1,785 shares advanced while 1,178 declined. BSE Sensex and Nifty 50 ended in the positive territory on Wednesday, surging over 1.5 per cent ahead of the monthly expiry of the F&O contracts of April due on Thursday. Surging for the third straight day,...
Zomato files for IPO, eyes Rs 8,250 crore
The start-up’s average order value for food delivery increased to Rs 407.8 in Q3FY21 from Rs 264.6 from Q1FY20. Zomato is looking to raise up to Rs 8,250 crore ($1.1 billion) through an initial public offering (IPO), preliminary documents filed with capital markets regulator Securities and Exchange Board of...
HDFC Life: Upgrade to ‘hold’, lift TP to Rs 720 from Rs 610
The pension subsidiary clocked robust growth of 98% in AUM to over Rs 160billion. Online retail and new categories drive spend recovery. Card spend was up 11% YoY but new card acquisitions were down 8% YoY. Both retail and corporate segments saw spend recovering to normalised levels. Online spend...
Milk sales hit due to Covid curbs in Maharashtra
The government needs to intervene help dairies with export incentives to bring stability to the market, he said. Lockdown-like restrictions across Maharashtra due to the second wave of Covid-19 has impacted demand for milk and milk products hitting sales by at least 40-60%. With supply exceeding demand, dairies have...
Axis Bank: Maintain ‘buy’ with target price of Rs 942
This is despite the bank making additional provision aggregating Rs8.0bn on accounting change in provisioning rates on loans to commercial banking segment. Axis Bank’s Q4FY21 earnings beat reaffirms our view that besides strengthening the balance sheet (through prudent and conservative buffers), it is equally focusing on building granularity to...
Info Edge, Maruti, Axis Bank, Tata Comm, PNB Housing, Vedanta, JSPL, Bajaj Finance, HDFC AMC stocks in focus
Headline indices have been on a gaining spree for consecutive sessions. Image: Reuters Nifty futures were trading flat with a negative bias at 14,656.50 on Singaporean Exchange, hinting a flat start for BSE Sensex and Nifty 50 on Wednesday. Headline indices have been on a gaining spree for consecutive...
PowerGrid InvIT IPO opens tomorrow: Stable financials, healthy payouts; should you subscribe
The InvIT is sponsored by maharatna PSU, Power Grid Corporation of India, a Sensex listed firm. PowerGrid Infrastructure Investment Trust (InvIT) IPO will open for subscription tomorrow, making it the first InvIT to be sponsored by a state-run firm. PowerGrid InvIT is looking to raise Rs 7,735 crore through...
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 today for the thirteenth consecutive day. (Image: REUTERS) Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Prices of Petrol and Diesel remain unchanged today for the thirteenth consecutive day. Fuel prices were last cut on April 15 after having...
SBI, BPCL, Hero MotoCorp among stocks to buy, technical charts suggest Nifty may ride towards 14,800
There is a possibility of a further upside that may continue to push the index upwards, till 14800. Image: Reuters By Shrikant Chouhan The market continued to remain positive for the second day in a row. On Tuesday, once again the benchmark index — Nifty/Sensex opened with a strong...
Zomato Rs 8,250-cr IPO set to hit D-street; Naukri.com parent to sell Rs 750-cr shares via OFS
Online food delivery platform Zomato is looking to raise a massive Rs 8,250 crore through its much-awaited initial public offering (IPO). Online food delivery platform Zomato is looking to raise a massive Rs 8,250 crore through its much-awaited initial public offering (IPO). In its DRHP, filed with the capital...
Gold prices fall for 5th straight day ahead of US Fed decision; check MCX gold support, resistance levels
Indian rupee is also trading below 75 zone, putting downward pressure on MCX prices Gold prices fell for the fifth straight day on Wednesday, following international trends as investors awaited the US Federal Reserve policy decision. MCX gold June futures were trading Rs 208 or 0.44 per cent down...
Market LIVE: Sensex jumps 200 points, reclaims 49,000, Nifty tops 14,800 in pre-opening session
Share Market News Today | Sensex, Nifty, Share Prices LIVE: BSE Sensex and Nifty 50 were trading higher in the pre-opening session on Wednesday via India Infoline
Sensex, Nifty on two-data gaining streak; 5 things to know before today’s opening bell
There could be potential for further upside in the near term. (Image: REUTERS) Domestic equity benchmarks have now been gaining for two consecutive trading sessions. S&P BSE Sensex sits at 48,944 points while the 50-stock NSE Nifty is at 14,653. On Wednesday morning, cues from global peers were mixed...
