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Business / Business Today

Here's what is driving the rally in silver prices

Silver prices are touching new highs, despite fluctuations. But what is driving the rally in the white metal?

29 Apr 2024 3:14 pm
The big gold rally: Is the price rise sustainable or are we looking at a bubble?

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?

29 Apr 2024 2:58 pm
Is the market sentiment in India turning bleak? Here's what is happening

The intensifying crisis in the Middle East could hurt market sentiment. All eyes are on a favourable monsoon and post-election policies

29 Apr 2024 2:53 pm
KPIT Technologies shares rise 6% on Q4 earnings, dividend announcement

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.

29 Apr 2024 2:13 pm
Stock Market Holidays in May 2024: NSE, BSE to remain closed on these days

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.

29 Apr 2024 1:54 pm
Rs 54 to Rs 283 in two years: Multibagger power stock overbought on charts; buy, sell or hold?

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.

29 Apr 2024 1:39 pm
Every rupee lost to fraud in India costs companies Rs 4, says this study

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.

29 Apr 2024 1:24 pm
4 expensive growth stocks that can see Nifty entry, inflate index PE levels

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.

29 Apr 2024 1:06 pm
Apollo Hospitals shares crash 8% after Advent deal; what stock brokers say

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.

29 Apr 2024 12:54 pm
Sensex rallies 680 pts, Nifty at 22,575; 5 factors pushing stock market indices higher

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.

29 Apr 2024 12:51 pm
Big 6 Indian audit firms strengthen dominance, oversee two-thirds of Nifty 500 audits: PRIME Database

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

29 Apr 2024 12:47 pm
These 10 defence stocks surged up to 446% in a year. Do you own any?

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

29 Apr 2024 12:21 pm
Tata Power, Vedanta, Trent, IndiGo and ICICI Bank shares hit fresh 52-week highs on BSE today

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.

29 Apr 2024 12:08 pm
Nifty Bank: Index support at 47,700; Axis Bank, ICICI Bank, Canara Bank shares may so well

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.

29 Apr 2024 11:51 am
NBCC India shares rise 6% in early deals; heres why

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.

29 Apr 2024 11:17 am
HCLTech plans to hire 10,000 freshers this year, says CEO C Vijayakumar

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.

29 Apr 2024 10:57 am
BSE regulatory setback: HDFC Inst shares price target, says transaction charges may go up

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.

29 Apr 2024 10:53 am
Multibagger railway stock jumps 6% on Rs 1,200-crore order win

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.

29 Apr 2024 10:48 am
Indegene IPO to open on May 6; price band, lot size and other key details

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.

29 Apr 2024 10:11 am
Sell YES Bank, says Kotak as it shares fair value for stock

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.

29 Apr 2024 10:05 am
SBI Life Insurance shares gain on 26% rise in Q4 premium income

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.

29 Apr 2024 10:03 am
IREDA shares rally 12% as PSU gets 'Navratna' status; stock up 5x from IPO price

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.

29 Apr 2024 9:54 am
BSE shares tumbled 19% today on Sebi order. Here's why

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.

29 Apr 2024 9:44 am
ICAI passes order against three EY affiliates, retired partner for professional misconduct

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.

29 Apr 2024 9:32 am
YES Bank shares rally 9% after a strong show in March 2024 quarter

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.

29 Apr 2024 9:24 am
HCL Tech shares see price cuts, near-term pressure likely on weak FY25 guidance: Analysts

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.

29 Apr 2024 9:22 am
YES Bank, Adani Enterprises, Tata Steel: Trading Strategies for these buzzing stocks

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.

29 Apr 2024 9:14 am
WhatTataSons Chairman N Chandrasekaran wants group firms to focus on in 2024

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

29 Apr 2024 8:56 am
Stocks in news: UltraTech, Maruti Suzuki, YES Bank, ICICI Bank, HCL Tech & Vodafone Idea

Ultratech Cement, Trent, UCO Bank, KPIT Technologies, Poonawalla Fincorp, Tata Chemicals, and PNB Housing Finance would announce their Q4 earnings later today.

29 Apr 2024 8:50 am
ICICI Bank: Should you buy this Nifty stock post Q4 results? Here are share price targets

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.

29 Apr 2024 8:39 am
Raghuram Rajan on wealth distribution idea: 'Let's try and elevate, rather than bring the successful down'

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.

29 Apr 2024 8:11 am
Dubai starts work on 'world's largest' airport Al Maktoum International Airport: 400 gates, 5 runways planned

The new airport will boast five parallel runways, a capacity to host 260 million passengers and 400 aircraft gates.

28 Apr 2024 8:16 pm
Stock to watch out for: Vedanta best placed to ride rising commodity prices, say analysts

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.

28 Apr 2024 4:13 pm
Market this week: IIP, US Fed rate decision to drive Dalal Street amid result season

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.

28 Apr 2024 2:01 pm
Minority shareholders file lawsuit against ICICI Securities on delisting concerns: Report

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.

28 Apr 2024 9:56 am
PSU stocks, defence or railways: How should one play the markets in an election year

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.

28 Apr 2024 9:00 am
IREDA stock in focus after company gets Navratna status. Here's what that means

Navratna status is accorded to PSUs who are authorised to take up investments of up to 1,000 crore without Central nod.

27 Apr 2024 5:25 pm
IDFC First Bank's net profit dips to Rs 724.35 cr, asset quality improves marginally

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.

27 Apr 2024 5:19 pm
Pakistan internet disruption: Consumers face difficulties in accessing Internet as sea fibre cables damaged

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.

27 Apr 2024 4:56 pm
ICICI Bank Q4 results: Profit jumps 17% to Rs 10,708 cr, dividend of Rs 10 a share recommended

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.

27 Apr 2024 4:27 pm
Yes Bank recorded 5 mn UPI transactions per month after Paytm tie-up: CEO Prashant Kumar

Yes Bank MD and CEO Prashant Kumar said it recorded 3.3 million before the partnership.

27 Apr 2024 4:17 pm
'Hardik Pandya can't pick & choose games': Irfan Pathan questions all-rounder's form

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.

27 Apr 2024 3:52 pm
D-street ended with moderate gains amid global market fluctuations. What lies ahead?

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.

27 Apr 2024 3:36 pm
Alphabet, Microsoft lead technology stocks surge with AI-driven earnings

The stellar earnings reports from both tech giants assuaged concerns regarding the profitability of their significant AI investments, following Meta's tepid forecast.

27 Apr 2024 1:46 pm
RBL Bank's net profit grows at 30% in Q4 FY24, Rs 1.50 dividend declared

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

27 Apr 2024 1:40 pm
Yes Bank Q4 results: Net profit jumps 123% to Rs 452 crore, asset quality robust

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.

27 Apr 2024 1:32 pm
Beware of Vampire Facials: 3 women tested positive for HIV after getting microneedling facial in US

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.

27 Apr 2024 12:51 pm
Beware from Vampire Facials: 3 women tested positive for HIV after getting microneedling facial in US

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.

27 Apr 2024 12:51 pm
Nico Hulkenberg to join Stake F1 Team KICK Sauber, later Audi, from 2025

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.

27 Apr 2024 12:49 pm
Swiggy takes confidential route for $1.25-billion public listing. Here's what that means

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.

27 Apr 2024 11:28 am