As counting for the keenly-contested US presidential election went underway, the Indian stock market opened in green on Wednesday as buying was seen in sectors like realty, media, energy, private bank and infrastructure.
Category: BUSINESS
Sensex gains 694 points ahead of closely-fought US election
The Indian stock market closed in green on Tuesday as investors set their eyes on the closely-contested US presidential election. At the end of trading, buying was seen in all sectors, except FMCG and media.
Ola Electric’s share hits all-time low of Rs 74 ahead of Q2 results
Bhavish Aggarwal-run Ola Electric Mobility saw its share nosedive further to a fresh low of Rs 74.18 apiece on Tuesday after touching Rs 73.84 during the intra-day trading -- losing almost 8.5 per cent in a day.
Swiggy’s high valuation, ongoing losses raise concerns about long-term sustainability: Angel One
Swiggy’s Rs 11,327 crore initial public offering (IPO) faces several risks and challenges that potential investors should consider, leading online brokerage Angel One has said, adding that the company’s high valuation, coupled with its ongoing losses, raises concerns about its long-term sustainability.
E-commerce platforms see over Rs 1 lakh crore worth sales in India festive season
As private consumption surges in smaller cities and towns in India which is driven by high pent-up demand and premiumisation wave, the e-commerce platforms registered more than Rs 1 lakh crore in gross merchandise value (GMV) in the month-long festive season.
Indian stock market opens flat, all eyes on US election
The Indian stock market opened flat on Tuesday as buying was seen in metal, auto IT, PSU bank and pharma sectors during the early trade, as investors turned their attention to the closely-fought US election.
Sensex crashes 1300 pts, Nifty at four-month low
The Indian stock market was trading deep in the red on Monday's mid-session as heavy selling was seen in the auto, metal, realty and energy stocks.
DIIs hold stock market steady as FIIs sell Rs 113,858 crore worth equity in Oct
The foreign institutional investors (FIIs) sold a whopping Rs 113,858 crore worth equity in the Indian stock market in the month of October, contributing hugely to the about 8 per cent decline in benchmark indices from the peak.
Muhurat trading signifies positive investor sentiment for Indian markets
According to Vikas Gupta, smallcase Manager and CEO at Omniscience Capital, it is likely that the current correction in the markets is likely to start correcting itself in the next few weeks.
Indian market opens flat on Diwali, L&T and Sun Pharma top losers
On the auspicious occasion of Diwali, the Indian stock market opened flat on Thursday as selling was seen in auto, IT, PSU bank and FMCG sectors in early trade.
Tata, JSW groups to invest over $30 billion in EV sector amid govt’s push: Report
The Indian government continues to push for higher EV production in the country and for greater localisation of supply chains, which will be key to help the country reach the target of 30 per cent EV penetration by 2030, according to a report on Wednesday.
Indian stock market opens in red; selling seen in PSU bank, pharma sectors
The Indian stock market opened in red for the second consecutive day on Wednesday as selling was seen in PSU bank and pharma sectors in early trade.
Sensex rises on 2nd consecutive day, SBI and ICICI Bank top gainers
The broader markets outperformed the Nifty 50. Nifty midcap 100 index was up 514 points or 0.92 per cent at 56,251 and Nifty smallcap 100 index was up 136 points or 0.76 per cent at 18,198.
Adani Ports clocks 42 pc surge in net profit at Rs 5,520 crore in H1 FY25
Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday reported 42 per cent surge in net profit at Rs 5,520 crore in the first half this fiscal (H1 FY25), compared to Rs 3,881 crore in the same period last fiscal (H1 FY24).
India outpaces US in IPO listing with 36 pc global share in July-Sep period
India dominated the global IPO landscape with 36 per cent share of total listings in the third quarter of 2024, outpacing the US at 13 per cent share, a report showed on Tuesday.
Adani Power logs 20 pc growth in continuing revenue at Rs 28,517 cr in H1 FY25
Adani Power on Monday reported 20 per cent growth (year-on-year) in continuing revenue at Rs 28,517 crore in the first half of this fiscal (HI FY25) and 10.8 per cent growth to Rs 13,465 crore in Q2 FY25.
Sensex snaps five-day losing streak, Nifty closes above 24,300
Indian stock markets experienced a significant rebound in Monday’s market, with the Sensex surging by 602 points, closing at 80,005, and the Nifty climbing 158 points to settle at 24,339. The benchmark indices recorded the best session in one month.
Ambuja Cements clocks highest quarterly revenue of Rs 7,516 crore in Q2
Ambuja Cements, the cement and building material company of the diversified Adani Group, on Monday, reported the highest quarterly revenue of Rs 7,516 crore in Q2 FY25, up 1 per cent (year-on-year).
Diwali at stock market: Sensex jumps 848 pts, all sectors in green
Indian equity indices traded in the green on Monday in mid-session as buying was seen in heavyweights like ICICI Bank, M&M, IndusInd Bank, JSW Steel and Wipro, lifting the sentiment of the market after a five-day losing streak.
Indian stock market opens positive, ICICI Bank and BPCL top gainers
The Sensex was trading at 79,675.78 after gaining 273.49 points or 0.34 per cent. At the same time, Nifty was trading at 24,255.15 after climbing 74.35 points or 0.31 per cent.
Vegetable prices sky-high in Bengal’s retail markets ahead of Diwali
Vegetable prices in the retail markets of West Bengal, especially those in the state capital of Kolkata, have skyrocketed on the last Sunday before the festivities of Kali Puja and Diwali next week.
Sensex and Nifty crash by 1 pc, IndusInd Bank top loser
IndusInd Bank remains the top loser in the Nifty 50. Its shares fell 18.54 per cent to Rs 1,042.70 on Friday. The lender had reported a 39 per cent year-on-year decline in net profit for the quarter ended September 2024.
Adani Wilmar posts highest-ever half yearly net profit at Rs 624 crore
In Q2 FY25, the Adani Group company clocked Rs 326 crore in standalone profit (PAT), up from Rs 324 crore in Q1 FY25. In the quarter, the company saw an 18 per cent surge in revenue at Rs 14,460 crore (year-on-year).
Adani Group’s ACC Ltd clocks highest quarterly revenue at Rs 4,614 crore in Q2
Cement and building materials leader ACC Ltd, part of the diversified Adani Group, on Thursday reported the highest quarterly revenue at Rs 4,614 crore, up 4 per cent (year-on-year).
Adani Energy Solutions reports 172 pc jump in net profit in Q2 FY25
Adani Energy Solutions Limited (AESL) on Tuesday reported an impressive 172 per cent surge in net profit at Rs 773 crore in the July-September quarter (Q2) this fiscal.