Overview The December 2024 earnings season for India Inc. has showcased remarkable growth across multiple sectors. According to ACE Equity data, the combined profit after tax (PAT) of BSE 500 stocks surged by 15% quarter-on-quarter (QoQ) in Q3 FY25, reaching Rs 4.09 lakh crore. This also marks an 18% year-on-year (YoY) increase from Rs 3.47…
Market Performance: The BSE Sensex declined by 1.60%, closing at 75,838.36 points. The Nifty 50 index fell by 0.66%, settling at 23,192.9 points. Sector Highlights: Financial Sector: Axis Bank Ltd. shares decreased by 1.87% to 969.75 INR, yet outperformed peers like State Bank of India and ICICI Bank Ltd., which saw declines of 2.59% and…
As of January 13, 2025, Tata Motors has been actively engaging in several strategic initiatives and market activities: Recent Developments: Price adjustments: Tata Motors announced plans to increase prices for its passenger vehicles by up to 3% and for commercial vehicles by up to 2%, effective January 2025. These adjustments are attributed to rising costs…
In a significant development ahead of its market debut, NTPC Green Energy Limited (NGEL), a wholly-owned subsidiary of NTPC Ltd, has established a 50:50 joint venture with Maharashtra State Power Generation Company Ltd (MAHAGENCO). The new entity, named Mahagenco NTPC Green Energy Private Limited (MNGEPL), was incorporated on November 25, 2024. Purpose of the Joint…
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…
