The broader market experienced positive buying interest, with the BSE Midcap and BSE Smallcap indices rising by 0.7% and 1.6%, respectively. Market Surge Following RBI’s GDP Forecast Sensex and Nifty saw significant gains, climbing nearly 2% around noon on June 7. This uptick came after the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC)…
Market experts are predicting that PSU stocks, including banks, will remain in a consolidation phase until there is clarity on the government’s policies, given the recent election results that left the BJP government short of the halfway mark. This outcome has heightened market concerns about the potential uncertainty in government operations and policy-making. In early…
The Indian stock market experienced a significant boost around noon on June 3, with both the Nifty and Sensex indices rising over 3%. This surge followed exit polls on June 1, which predicted a decisive victory for the NDA government, sparking widespread buying across the board. Market Performance All 13 sectoral indices were in the…
The Sensex and Nifty indices reached new all-time highs but ended the day flat due to market volatility. Despite a strong start, gains were erased in the final hour of trading. At the close, the Sensex dropped by 19.89 points, or 0.03 percent, to 75,390.50, and the Nifty fell by 24.65 points, or 0.11 percent,…
State Bank of India (SBI) Quarterly Results: Key Highlights SBI’s Q4 Net Profit Surges 24% to Rs 20,698 Crore In a notable financial feat, State Bank of India (SBI), the nation’s largest lender, has reported a remarkable 24% increase in net profit, reaching Rs 20,698 crore for the quarter ending March 31, 2024. This surge…
In the mid-day session, the Nifty Auto index soared to an unprecedented peak of 22,634.05, led by remarkable gains in M&M and Bajaj Auto. Concurrently, the Nifty Realty index exhibited robust growth, climbing by over a percent. Market Resilience: Sensex and Nifty Near Peak Levels As of April 30 afternoon, both benchmark indices, Sensex and…
Amid escalating tensions in the Middle East, the market mood turned somber on April 19, with a noticeable increase in volatility. Market Downturn Continues for Fifth Consecutive Day The trading session on April 19 witnessed a persistent downtrend, marking the fifth consecutive day of losses. While broader indices struggled to keep pace, benchmark indices faced…
Investor Standoff Persists Amidst Offer Extension The conflict between Byju’s and dissenting investors continues as the latter show no inclination to partake in the ongoing rights issue, despite a 72-hour extension provided by the edtech giant. This impasse underscores the deep-rooted discord within the company. Founder’s Outreach Falls Short Byju Raveendran’s recent attempt to reconcile…
Nifty Soars: FY24 Witnesses Remarkable Performance The financial year 2023-24 marked an exceptional period for the Indian stock market, with the Nifty showcasing outstanding growth. Garnering over 30 percent returns, this fiscal year proved to be the most lucrative since 2010. A significant majority, approximately 48, of the Nifty 50 stocks demonstrated positive returns, reflecting…
Indian IT stocks face a turbulent day as Accenture revises its revenue forecast downwards, leading to pessimism from analysts. Indian IT Sector Reacts to Accenture’s Revenue Guidance Cut The recent downward revision in revenue guidance by Accenture has sent shockwaves through the Indian IT sector, sparking concerns about the pace of revenue recovery. Market Response:…
