All 30 stocks in the Sensex pack opened in the green. Infosys, M&M, Maruti Suzuki, Wipro, Tech Mahindra, JSW Steel, Tata Steel and UltraTech Cement are the top gainers.
Category: BUSINESS
Asian stock markets roar back, Indian indices lead rally
The Indian benchmark indices roared back on Tuesday after a dismal Monday, as Sensex surged more than 900 points and Nifty traded nearly 300 points up in the early morning trade.
Adani Energy Solutions raises Rs 8,373 crore via QIP, largest in India's power sector
Adani Energy Solutions Ltd (AESL) on Monday announced it has successfully raised Rs 8,373 crore ($1 billion) via the qualified institutional placement (QIP) route, the largest in the country's power sector.
India stands to gain as global oil prices decline to 8-month low
India, the world’s third-largest importer of crude oil, stands to gain as oil prices have fallen to an eitht-month low at $75.8 a barrel in the international market, with a more than $4 a barrel decline since Friday as the slowdown in the US and Chinese economies have raised fears of dampening demand.
Global markets tumble 10 pc amid US recession fears
Heavy selling pressure was seen in all major Asian markets. Japan crashed by 10 per cent, Seoul tumbled over 8 per cent, Taipei fell by 4.43 per cent, Jakarta was down nearly 2 per cent, Hong Kong and Shanghai were down 1.43 per cent and 0.83 per cent) respectively.
Adani’s Ambuja Cements to invest Rs 1,600 crore to set up cement plant in Bihar
Ambuja Cements, part of the diversified Adani Portfolio, on Saturday announced to invest Rs 1,600 crore to set up a 6 MTPA cement grinding unit in Bihar.
Tata Electronics holds groundbreaking ceremony of Rs 27,000 crore chip plant in Assam
In a fillip to Prime Minister Narendra Modi's vision to make India a global semiconductor manufacturing hub, Tata Electronics on Saturday held the ground-breaking ceremony of its chip assembly and testing unit at Jagiroad in Morigaon district, Assam.
Historic day for Indian stock market, Nifty closes above 25,000 for first time
At closing, Sensex ended at 81,867, up 126 points or 0.15 per cent and Nifty was up 59 points or 0.24 per cent at 25,010. It was the first time in the Indian stock market history that the Nifty closed above 25,000.
Adani Enterprises Ltd posts 116 pc net profit growth at Rs 1,458 crore in Q1
Adani Enterprises Ltd (AEL) on Thursday reported a robust net profit of Rs 1,458 crore in the April-June quarter, an impressive 116 per cent growth from the same quarter last fiscal.
Adani Ports clocks record net profit at Rs 3,107 crore in Q1, revenue up 21 pc
Adani Ports and Special Economic Zone (APSEZ) on Thursday posted the highest-ever net profit at Rs 3,107 crore (up 47 per cent year-on-year) along with record EBITDA at Rs 4,848 crore for the quarter that ended June 30.
Infosys stock falls as company disputes Rs 32,000 crore GST notice
Infosys shares fell on Thursday after it received a GST notice citing an alleged Rs 32,000 crore tax evasion, a claim that the IT major has disputed.
Stock market opens at all-time high, Nifty crosses 25,000 for first time
Buying is also seen in the midcap and smallcap stocks. The Nifty midcap 100 index is up 213 points or 0.36 per cent at 59,222 and the Nifty smallcap 100 index was at 19,227, up 90 points or 0.47 per cent.
Adani Wilmar clocks highest-ever net profit at Rs 313 crore in Q1 as edible oil prices stabilise
Adani Wilmar Limited on Monday posted strong profits with the highest-ever PAT of Rs 313 crore in the April-June quarter (Q1 FY25), as revenue reached Rs 14,169 crore, a 12 per cent volume growth (year-on-year).
Microsoft experiences outage worldwide, netizens react
US tech giant Microsoft on Friday experienced a significant outage, affecting its services for users across many countries including India, the US, Japan, and Australia.
Forex inflows from NRIs surge 4-fold to $2.7 bn in April-May
The money from Indians working overseas that come into NRI deposits of banks surged more than 4-fold to $2.7 billion in April-May this year compared to $0.6 billion in the same period last year, strengthening the country’s foreign exchange reserves, the latest data compiled by the RBI showed.
Sensex, Nifty touch all-time record highs amid renewed IT stock buying
The Indian benchmark indices on Thursday saw a sharp rally over renewed buying in IT stocks, ending up for the fourth straight session while touching a new all-time high.
77 pc Indian startups now invest in AI, small cities brimming with tech skill pool
More than 77 per cent of Indian startups now invest in advanced technologies such as artificial intelligence (AI), machine learning (ML), internet of things (IoT) and blockchain, a report showed on Thursday.
India’s automobile exports clock 15.5 pc growth in April-June quarter
India’s automobile exports clocked a robust 15.5 per cent growth in the April-June quarter of the current financial year compared to the same period in the previous year, according to data compiled by the Society of Indian Automobile Manufacturers (SIAM).
India’s defence exports record over 30-fold quantum leap in last 10 years
India’s defence exports have recorded a 30-fold quantum leap over the last 10 years from a mere Rs 686 crore in the financial year 2013-14 to a record Rs 21,083 crore in FY 2023-24, reflecting the global acceptability of Indian defence products and technologies.
Market outlook: Q1 results, FII inflow, monsoon updates key factors next week
The Indian equity market experienced one of the best weeks of 2024, with the Nifty and Sensex reaching all-time highs of 24,592.20 and 80,893.51, respectively, before closing at 24,502.15 and 80,519.34.
Indian realty sector saw over Rs 5,327 cr investment from domestic investors in April-June
Keeping up with the growth momentum in the Indian real estate industry, the domestic investors pumped in around $638 million (more than Rs 5,327 crore) in the real estate sector in the second quarter this year, from $127 million in the same period last year.
Sensex hits new all-time high on positive global cues
Indian equity benchmarks opened at a new record high on Thursday following positive cues from global peers. In early trading hours, Sensex and Nifty made a new all-time high of 80,374 and 24,400 respectively.
Hindenburg claims Kotak Mahindra group's fund short-sold Adani stocks, group says wasn't aware
After Hindenburg Research alleged that Kotak Mahindra group created and oversaw the offshore fund structure used by the investor partner of Hindenburg to short Adani stocks, the group on Tuesday said Hindenburg was never a client of its offshore fund and the fund was unaware of the US short seller being a partner of any of its investors.
Thales inks pact with Adani Defence to manufacture 70mm rockets in India
In a major fillip to the government's local manufacturing push, Adani Defence & Aerospace - the defence arm of the Adani Group — has signed an agreement with the Thales Group to manufacture 70mm rockets in India.
MCA refutes media reports on clean chit to Byju’s, says probe is still on
The Ministry of Corporate Affairs (MCA) clarified on Wednesday that it has not given Byju’s a clean chit over financial fraud as the investigation into the matter is still going on.