Share Market News
PNB Q1 Results. (File Photo) Punjab National Bank (PNB) on Saturday reported a 159 per cent year-on-year surge in its net profit to Rs 3,252 crore for the first quarter of the current financial year 2024-25. Punjab National Bank (PNB) on Saturday reported a 159 per cent year-on-year surge in its net profit to Rs … Read more
Pharmaceutical major Cipla on Friday reported a 17.4 per cent jump in its consolidated net profit at Rs 1,178 crore for the first quarter of the current financial year 2024-25, compared with Rs 1,003 in the corresponding period last year. The results beat market expectations. Following this, the company surged Rs 90 or 6.1 per … Read more
Last Updated: July 25, 2024, 12:53 IST Tata Motors. (File photo) Shares of Tata Motors, a leading global automobile manufacturer, surged 6 per cent to hit a fresh all-time high Shares of Tata Motors, a leading global automobile manufacturer, surged 6 per cent to hit a fresh all-time high of Rs 1,084.90 per share in … Read more
How Budget 2024 Impacts SIP Investments through Tax Changes. A Systematic Investment Plan (SIP) of Rs 50,000 for 60 months in equity funds will now result in a capital gains tax outgo of Rs 94,095, up from the previous Rs 77,456 The Union Budget 2024-25 increased taxes on short-term capital gains (STCG) and long-term capital … Read more
Sensex was trading lower by 654.79 points to 79,847.29, while the Nifty was trading 185.6 points lower to below the 24,350 mark at 24,325 points. (Reuters File Photo) The stock market’s disappointment during the Budget 2024-25 comes even as Finance Minister Nirmala Sitharaman hiked short-term and long-term capital gains tax, apart from increasing securities transaction … Read more
The Economic Survey 2023-24 has cautioned against including sensitive food commodities like common rice, wheat, and most pulses in futures trading until markets are more developed, even as the government expands the list of commodities eligible for derivatives trading. Capital markets are becoming more prominent in India’s growth story, with an expanding share in capital … Read more
Last Updated: July 19, 2024, 16:09 IST Traders at workstations experiencing glitches due to Microsoft cloud outage, with trading platforms Nuvama, 5paisa, and Motilal Oswal in the background. Brokerage firms 5paisa and IIFL Securities have told clients that their systems are affected as a result of the Microsoft issue. Dalal Street traders were among those … Read more
Historical Movement of the Indian Stock Market on Budget days Since 2013. (Representative Image) As Finance Minister Nirmala Sitharaman prepares to present the Union Budget 2024-25 on Tuesday, July 23, the domestic equity market is eagerly awaiting key announcements. Historical Movements of Indian Stock Market on Budget Days: The Indian stock market has been on … Read more
However, traders have reported some platform-specific issues related to Nuvama, 5paisa, Groww, ICICI Securities, IIFL Securites, and Motilal Oswal. NSE and NCL (NSE Clearing Ltd) are working normal today even as Microsoft users globally have reported massive outages in services Though stock traders have reported some platform-specific tech issues related to 5paisa, Groww and Motilal … Read more
Infosys Q1 Results 2024: In Q1 FY25, Infosys reported a 7.1% year-on-year increase in net profit to Rs 6,368 crore, surpassing expectations. The company’s consolidated revenue from operations for the April-June quarter also rose by 3.6% year-on-year to Rs 39,315 crore. According to the stock exchange filing, on a quarter-on-quarter basis, Infosys saw a 20.1% … Read more
Stocks To Buy Ahead of Budget 2024: The Budget 2024 will be presented on July 23. Before that, every investor is keeping an eye on stock market movement. Before the Budget, investors want to keep strong stocks in their portfolios as it may impact their share price movement. Keeping this in mind, Reliance Securities has come … Read more
Learn entrepreneurial lessons from the top businessmen. (Image: Representative/Shutterstock) Here are some key takeaways from the journeys of renowned entrepreneurs. Entrepreneurial success is often celebrated through inspiring stories of visionaries who dared to dream big and defied the odds. These narratives are not just about wealth and fame but are rich with lessons that can … Read more
In FY 2023-24, Hindustan Zinc’s total contribution to the exchequer stood at Rs 13,195 crores. With this, HZL’s cumulative contribution to the exchequer over the past five years stood at Rs 77,803 crore. Vedanta group firm Hindustan Zinc Ltd (HZL) on Monday said it has contributed Rs 13,195 crore to the exchequer in the last … Read more
DIIs have been consistent buyers every month in 2024, while FPIs have fluctuated between buying and selling.(Representative image) According to the data with the depositories, FPIs have made a net inflow of Rs 15,352 crore in equities this month (till July 12). Foreign investors infused Rs 15,352 crore into Indian equities during the first half … Read more
The Quant Mutual Fund is under Sebi’s investigation for a probable front-running case. (Representative image) As of July 12, 2024, Quant Mutual Fund’s total assets under management (AUM) surpassed Rs 94,000 crore, marking an all-time high. Quant Mutual Fund’s net asset value (NAV) for most of its schemes and its assets under management (AUM) have … Read more
Shares of Indian Renewable Energy Development Agency Ltd (IREDA) continued their record run in Friday’s trading session. The stock jumped 7.41 per cent to hit an all-time high of Rs 304.60 ahead of the company’s fiscal first-quarter earnings. Investors expect the company to report healthy growth numbers during Q1FY25, following the upbeat provisional business performance. … Read more
Tata Consultancy Services Ltd. (TCS), the largest domestic software exporter, on Thursday (July 11) announced an interim dividend of Rs 10 per share for the financial year 2024-25. The record date for the same has been fixed on July 20, 2024. The dividend would be paid on August 5, 2024, to the equity shareholders of … Read more
TCS, HCL Tech Share Prices Today. The fall in IT stocks, especially TCS and HCL Tech, signals weak Q1 financial results ahead, which will be released this week, says a market expert. Tata Consultancy Services (TCS) and HCL Tech, which are set to announce their Q1 financial results this week, on Wednesday witnessed a steep … Read more
The expert group is also scrutinising the weekly options in detail as these are most attractive to retail investors who can participate with low capital. Sebi appointed an expert working committee last month to address the issue of excessive speculation driven by high retail participation in recent years. Sebi’s Working Committee on Futures and Options … Read more
Last Updated: July 08, 2024, 14:21 IST Railway stocks (Representative Image) RNVL, IRFC, IRCON International, BEML, RailTel and TexRail rallied between 4% and 15% in intra-day trade today; Know why Shares of Rail Vikas Nigam (RVNL) and Indian Railway Finance Corporation (IRFC) rallied 15.5 per cent and 9 per cent to their new all-time highs … Read more
Equity markets will take cues from global trends and trading activity of foreign investors, while in the latter part of the week, the first quarter earnings from IT majors TCS and HCL Technologies would guide investor sentiments, analysts said. The stock market in India consists of two primary exchanges: the Bombay Stock Exchange (BSE) and … Read more
The market capitalisation (mcap) of BSE-listed firms hit a record peak of Rs 4,49,88,985.87 crore (5.39 trillion) on Friday. (Representation image) The 30-share BSE Sensex dropped 53.07 points or 0.07 per cent to settle at 79,996.60, indicating market indecisiveness. The market capitalisation of BSE-listed firms hit a record peak of Rs 449.88 lakh crore on … Read more
The BSE Sensex leapfrogged from 70,000 to 80,000 in a timeframe of less than 7 months. Considering the 16 per cent historical CAGR record of India’s headline equity index, Sensex can hit the milestone of 1 lakh mark as soon as December 2025. Considering the base value of Sensex at 100 in April 1979, the … Read more
The NSE circular on price control cap will come into force with immediate effect i.e. July 4, 2024. The NSE has announced to impose a price control cap of 90% over the issue price for SME IPOs during the special pre-open session with effect from July 4, 2024. Introducing a new price control mechanism, the … Read more
PM Narendra Modi replies to the Motion of Thanks on the President’s Address in the Rajya Sabha during the ongoing Parliament session, in New Delhi on July 3. (Image: PTI) PM Modi also said when India becomes the third largest economy, it will have a positive impact not only domestically but also at global level. … Read more
The domestic stock market closed the special trading session on a firm note on Saturday, extending their rally to the third day running amid fresh foreign fund inflows. The 30-share BSE Sensex climbed 88.91 points or 0.12 per cent to end at 74,005.94. During the session, it jumped 245.73 points or 0.33 per cent to … Read more
Representational image. (Photo: Shutterstock) Multibagger Titagarh Rail Systems share price gained almost 8% to scale 52-week highs; What do analysts say? Multibagger Titagarh Rail Systems Ltd’s share price gained almost 8 per cent on Friday to scale 52-week highs of Rs 1,308.95 on the BSE. Titagarh Rail Systems share price has risen more than 170 … Read more
Union finance minister Nirmala Sitharaman (Image: News18/File) Union Finance Minister Nirmala Sitharaman gave a cryptic responses to concerns about high taxes on stock market brokers Are investors and brokers bearing an excessive tax burden in India? During a recent event in Mumbai attended by Union Finance Minister Nirmala Sitharaman, a broker raised concerns about the … Read more
Aadhar Housing Finance IPO Listing. On the BSE, the Aadhar Housing Finance stock makes its debut at Rs 314.30, a dip of 0.22 per cent from the issue price; the company’s market valuation stood at Rs 13,480.12 crore Shares of Aadhar Housing Finance Ltd, which is backed by private equity major Blackstone, made a flat … Read more
Union Finance Minister Nirmala Sitharaman (File image: PTI) A study undertaken by Sebi has revealed that 9 of 10 retail investors suffer a loss on their bets in the futures and options market. Union Finance Minister Nirmala Sitharaman on Tuesday warned that “unchecked explosion” in riskier future and options trading by retail investors can create … Read more