In the past 11 trading days since the turmoil commenced following RBI’s ban on the Paytm Payments Bank, Paytm has witnessed a significant downturn, losing approximately Rs 27,000 crore in value. This equates to a staggering 57 percent decline in its market worth during this period. As the aftermath of RBI’s ban on the Paytm … Read more
In response to robust international indicators, the Indian stock market sustained its upward trajectory for the fourth consecutive day. The Nifty 50 index swiftly climbed back above the 22,000 threshold mere moments after trading commenced, while the Bank Nifty index swiftly surged past the 46,300 milestone, heralding a fresh breakout early in the session. While … Read more
ABC News report: US White House’s Intelligence Committee chairman warns of “national security threat” due to Russian nuclear capabilities. According to the intelligence report, Russia is reportedly aiming to deploy a nuclear weapon in space, potentially targeting satellites. The revelation surfaced following an uncommon and enigmatic statement from Representative Mike Turner, the Republican chairman of … Read more
Tata Group in Talks with Uber for Strategic Partnership to Boost Traffic and Engagement on Tata’s Digital Platform: Sources to The Economic Times. Tata Group and Uber Explore Strategic Collaboration, Potential Integration of Uber Services into Tata Neu ‘Super App,’ Reports The Economic Times; Tata Digital Denies Talks, Uber Yet to Respond. Tata Neu, a … Read more
ABVP Members Launch Protest Against Saraswati Idol’s Attire, Joined by Bajrang Dal Supporters Over Alleged Vulgarity Concerns in Tripura College. Agartala: Saraswati Puja celebrations at a government college in Tripura took an unexpected turn as protests erupted led by members of the Akhil Bharatiya Vidyarthi Parishad (ABVP), which were later joined by the Bajrang Dal. … Read more
“Income Tax Raids Hit Icon Builders, Suntec, and Medallion Offices in Mohali District: Documents Seized for Scrutiny” “In a significant development, teams of Income Tax (IT) officials conducted raids at multiple offices belonging to prominent real estate firms, including Icon Builders, Suntec, and Medallion, situated in the Mohali district. The raids, which commenced around 11 … Read more
Morgan Stanley Analysts Predict $550 Billion Capex in Next Decade as India Focuses on Building Energy Security. Power Stocks Rally: NTPC, Power Grid, BHEL, Tata Power, and Torrent Power Surge Up to 6% on Morgan Stanley’s Bullish Calls and Target Price Upgrades. Morgan Stanley Boosts Power Sector Sentiment: Upgrades BHEL to ‘Equal-Weight’, Sets Target at … Read more
Record-Breaking Auto Sales in 2023 Fuel Growth for Indian Tyre Companies: Apollo Tyres Benefits from Surge in Demand, Elevating Margins Across Sector. A Comprehensive Analysis of Technical and Fundamental Outlook for the Tyre Major in This Stock Check. Apollo Tyres Surges Over 58% in Last 1 Year, Up Nearly 15% YTD in 2024: February Dip … Read more
Market Update: Mufin Green Finance Ltd Emerges as Top Multibagger in Indian Stock Market, Soaring Over 450% in One Year for Positional Investors. Analysts Eye Further Upside Potential. Mufin Green Finance share price surged today, reaching an intraday peak of ₹250 per share on the BSE. Within moments of the opening bell on Thursday, the … Read more
Adani Green Energy Surges Nearly 6% Despite Weak Market; Operationalizes 551 MW Solar Capacity in Gujarat, Eyes Massive 30 GW Renewable Energy Plant in Khavda. Adani Green Energy Share Price Opens Higher at ₹1870.30, Surges 5.8% to ₹1,959.60 in Morning Trade; Trades 4.60% Higher at ₹1,938 by 9:50 am. Adani Green Energy Operationalizes 551 MW … Read more
Paytm Shares Plunge as RBI Takes Drastic Action on Paytm Payments Bank, Revenue Outlook Grim. Paytm shares experienced a 4% decline on February 15, a day following the revision of circuit limits by bourses from 10% to 5%. This adjustment occurred just after Paytm shares were locked at their 10% lower circuit limit the previous … Read more
National Stock Exchange (NSE) Sets Date for Special Live Trading Session on March 2, 2024, Including Intraday Shift to Disaster Recovery (DR) Site in Preparedness for Potential Operational Challenges. In a circular issued on February 14, the National Stock Exchange (NSE) informed its members about the upcoming special live trading session scheduled for Saturday, March … Read more
The Enforcement Directorate’s latest action deals a new blow to the Payments Payments Back, coming on the heels of the RBI’s firm stance against reconsidering its regulatory measures targeting the entity. According to a CNBC TV18 report cited by Reuters, the Enforcement Directorate launched a preliminary inquiry into Paytm Payments Bank on Wednesday. This move … Read more
During intraday trading on Wednesday, February 14, HDFC Bank’s share price experienced a decline of over 2 percent, reaching a new 52-week low of ₹1,363.45 on the BSE. The stock opened at ₹1,380.90, compared to the previous close of ₹1,394, and dropped over 2 percent to hit the 52-week low mark. HDFC Bank’s stock has … Read more
Market Update: Sensex Sees Ups and Downs – SBI, Maruti Suzuki, Tata Steel Soar; Tech Mahindra, Infosys, Sun Pharma Downturn. In today’s market update, the Sensex experienced a mixed session with several prominent movements. State Bank of India (SBI), Maruti Suzuki, and Tata Steel emerged as the top performers, displaying significant gains and contributing positively … Read more
Market Summary: Market Details: Rupee Close: Market Close Analysis: The Indian stock market displayed positive gains at the closing bell, with notable performances from benchmark indices and sectors. The bullish sentiment was particularly evident in the banking sector, with the Nifty Bank index recording significant gains. The overall market outlook remains optimistic, with investors closely … Read more
State Bank of India (SBI), a major player in the Public Sector Undertaking (PSU) banking space, has experienced a significant rally of over 20% in the past three months. The stock recently rebounded from breakout levels within its one-year consolidation range, prompting experts to suggest short-term traders consider buying with a target price of Rs … Read more
RIL Stock Records Impressive Gains: Surges 10.4% in January, Followed by Another 4% in February Amidst Market Rally and Favorable Brokerage Reports. Reliance Industries Ltd has shattered records in the Indian stock market, becoming the country’s pioneer company to breach the coveted Rs 20 lakh crore mark in market capitalisation. This unprecedented feat follows a … Read more
Profit-Taking Indicates Healthy Market Behavior, Reflecting Concerns Over Overvalued Stocks and Leading to Substantial Corrections in Recent Sessions. The steep decline in PSU stocks has resulted in significant wealth erosion for investors across the spectrum, particularly impacting the Government of India amid its efforts to enhance the valuations of state-run enterprises ahead of an ambitious … Read more
Analysts Attribute Decline in Railway Stocks to Execution Concerns and Anticipation of Order Inflow Slowdown Amidst Lok Sabha Elections. Railway Stocks Witness Correction of Up to 30% from Recent Highs, Analysts Attribute Decline to Execution Concerns and Pre-Election Order Inflow Slowdown. The railways segment finds itself under pressure attributed to various factors. Experts suggest that … Read more