Business / Business Today
Silver prices are touching new highs, despite fluctuations. But what is driving the rally in the white metal?
The price of gold has been rising unabated. It has soared to more than Rs 73,000 per 10 gm in 2024 from Rs 31,000 in early 2018. Is the rally sustainable or is this a bubble?
The intensifying crisis in the Middle East could hurt market sentiment. All eyes are on a favourable monsoon and post-election policies
KPIT Technologies shares rose to an intraday high of Rs 1,500 today, up 5.79% against the previous close of Rs 1415.50 on BSE. Market cap of the firm stood at Rs 41,121 crore.
Both the key exchanges- BSE and NSE- are headquartered in Mumbai. In 2024, NSE and BSE have a total of 16 holidays, when exchanges are closed.
Multibagger stock: BHEL shares, which closed at Rs 53.8 on April 28, 2022 climbed to a 52 week high of Rs 283.40 on BSE today. It is trading in the overbought zone.
The impact of fraud on businesses goes beyond financial losses. It also affects consumer perception and engagement 77% of Indian consumers claim that experiences of fraud have affected their satisfaction levels and 78% notice its impact on customer conversion.
Nifty has turned cheaper but is offset by repeated inclusion of growth stocks that are inherently expensive such as Britannia, Nestle India, Titan and Tata Consumer.
Shares of Apollo Hospitals tumbled more than 8.30 per cent on Monday in a knee-jerk reaction to Rs 5738, with a total market capitalization less than Rs 85,000 crore.
By the 12.15 pm on Monday, BSE Sesnex rose more than 680 points, or 0.90 per cent to 74,410.56. NSE's Nifty50 index rallied more than 150 points, or 0.70 per cent to 22,571.55.
Overall in the NSE main board, the firms handled audits for 32.48% of listed companies, which was a slight uptick from 32.14% in the previous financial year
Data available from corporate database ACE Equity shows that Nifty India Defence index has surged 142% in the 12-month period. The index has significantly outperformed the equity benchmark Nifty50 that has given 26% return in the same duration
Tata Power shares hit a fresh 52-week high of Rs 447.65 on BSE. This stock was later trading 2.19 per cent higher at Rs 446.30. Vedanta shares hit a one-year high of Rs 404.20, before cutting some gains. This stock was up 0.5 per cent at Rs 398.60.
Nifty Bank has convincingly closed above its short-term (20-day), medium-term (50-day), and long-term (200-day) Exponential Moving Averages (EMAs). The Relative Strength Index (RSI) momentum indicator, presently standing at 58.85 on the weekly timeframe is signalling positive momentum.
NBCC shares gained 6.20% to Rs 144.70 today. Shares of NBCC have zoomed 265.90% in a year and gained 123% in six months.
HCLTech CEO C Vijayakumar said that the lateral hiring would depend on how the year pans out for the company. HCLTech had added over 2,700 employees in the March quarter.
BSE: HDFC Institutional Equities said the definition of annual turnover is not very clear but the SEBI stockbroker regulation 1992 clearly states that the turnover is calculated based on the premium of options.
Multibagger stock: IRCON International stock rose 6.43% to Rs 266.95 against the previous close of Rs 250.80 on BSE. The multibagger stock opened higher at Rs 258 today.
Indegene reported a net profit of Rs 241.90 crore with a revenue of Rs 1,969.75 crore for the nine months ended on December 31, 2023.
YES Bank shares jumped 8.98 per cent to hit a high of Rs 28.50 on BSE. Kotak said the stock would need a far lower valuation multiple to change its view.
SBI Life shares gained 3.18% to Rs 1460.35 against the previous close of Rs 1415.25 on BSE. Market cap of the firm rose to Rs 1.45 lakh crore.
Following the update shares of IREDA surged 12.45 per cent to Rs 192 on Monday, commanding a total market capitalization of more than Rs 51,000 crore.
BSE share price today: Sebi said BSE has been paying regulatory fee on annual turnover, considering only the premium value for option contracts. BSE shares plunged 18.63 per cent to hit a low of Rs 2,612.10 on NSE.
The disciplinary committee of ICAI has directed the firms and the individual partner concerned to immediately stop existing arrangements with the multinational entities, as it is circumventing the provisions of the Chartered Accountants Act, 1949.
Shares of YES Bank surged 8.98 per cent to Rs 28.50 at the opening tick during Monday's trading session, commanding a total market capitalization of more than Rs 81,000 crore.
A near term pressure on the HCL Tech stock is likely, said Motilal Oswal Securities. But the brokerage expects the stock to outperform its peers and reiterate it as top idea for FY25.
Adani Enterprises breached its 50-day SMA of Rs 3,178 on April 18 and a pullback rally was seen on the daily chart. The momentum indicator MACD traded in the negative territory, which is a sign of weakness.
The Tata Group chairman laid out his vision in a gathering of Tatagroupleaders and urged group chief executives to intensify efforts in propelling growth and fostering additional momentum across key sectors
Ultratech Cement, Trent, UCO Bank, KPIT Technologies, Poonawalla Fincorp, Tata Chemicals, and PNB Housing Finance would announce their Q4 earnings later today.
ICICI Bank Q4 results review: Motilal Oswal Securities said ICICI Securities' Q4 results were driven by healthy NII and controlled opex and provisions backed by healthy asset quality.
Indian Overseas Congress chairman Sam Pitrodas remark that the inheritance tax in the US was an idea that could be debated and discussed in India too snowballed into a controversy with the BJP stating that the Congress would redistribute the wealth of Indians if it was voted to power.
The new airport will boast five parallel runways, a capacity to host 260 million passengers and 400 aircraft gates.
The performance came on the back of lower cost of production in aluminium and zinc and higher sales volume, partially offset by softer zinc prices.
This week, investors will closely watch the quarterly results of major companies, Indias infrastructure output, bank loan growth, deposit growth, and the US Fed interest rate decision.
According to the minority shareholders, the current valuation is based on a report fromJune 29, 2023.They allege that it is does not factor in the bull market run during the period and improved position of ICICI Securities.
With headline indices marching northwards in the last few months, one should remain cautious while picking buzzing sectors. Be selective in PSU stocks; defence sector poised for solid growth, says Ajay Garg, CEO of from SMC Global Securities.
Navratna status is accorded to PSUs who are authorised to take up investments of up to 1,000 crore without Central nod.
IDFC First Bank reported an interest income of Rs 8,219.21 crore in the January-March quarter, which was higher than Rs 6,424.35 crore reported in the year ago period.
Further, reports have revealed that five breaks in the underwater cable significantly affected internet connectivity, especially from eastern routes. The restoration efforts are estimated to take around a month to fully repair the damaged sections of the fibre optic cable.
Gross NPA stood at 2.16 percent, down from 2.81 percent in the same quarter last year. The net NPA for the quarter stood at 0.42 percent compared to 0.48 percent last year.
Yes Bank MD and CEO Prashant Kumar said it recorded 3.3 million before the partnership.
The Mumbai Indians all-rounder is battling poor form this IPL season, raising questions about his inclusion in India's T20 World Cup squad, which is to be announced soon.
The BSE Sensex surged 642 points, or 0.88%, at 73730.16 during the week ended on April 26, 2024. While the Nifty50 index gained 273 points, or 1.23%, to 22419.95.
The stellar earnings reports from both tech giants assuaged concerns regarding the profitability of their significant AI investments, following Meta's tepid forecast.
RBL Bank's net profit was at Rs 353 crore for the quarter as against Rs 271 crore reported in the year ago period. The total revenue for the reporting quarter was Rs 2,475 crore, which is 7% growth QoQ
The lender earned an interest income of Rs 7,447.17 crore up from Rs 6,216.24 crore reported in the corresponding quarter of the last financial year.
The case, involving a woman and two others, who likely contracted HIV at an unlicensed spa in New Mexico, has prompted widespread concern over the safety of such beauty businesses.
The case, involving a woman and two others, who likely contracted HIV at an unlicensed spa in New Mexico, has prompted widespread concern over the safety of such beauty businesses.
Having returned to the sport after a three-year hiatus, Hulkenberg's stint with Haas commenced last year, where he currently holds the 13th position in the driver's standings.
As per a Bernstein note from January, Zomato held a roughly 54% share in the food delivery from a gross merchandise value perspective as of the first half of calendar year 2023, while Swiggy held the rest.