On May 3rd, Bajaj Finance witnessed a remarkable surge of 7.5%, reaching Rs 7,400 per share, following the Reserve Bank of India’s (RBI) decision to lift curbs on its two digital lending products, ‘eCOM’ and online ‘Insta EMI Card’, effective immediately. Brokerages maintained a bullish stance on the NBFC giant, foreseeing a positive trajectory for … Read more
Gold and silver prices soared to fresh all-time highs in India on Tuesday, driven by strong trends in international markets and escalating geopolitical tensions in the Middle East. In New Delhi, gold prices jumped by Rs 700 to reach a record high of Rs 73,750 per 10 grams, according to HDFC Securities. Silver prices also … Read more
Bitcoin’s value dropped 7.9% to $61,842 on April 13, following news of Iran’s retaliatory drone strikes on Israel, according to Reuters. The world’s largest cryptocurrency by market capitalization recovered slightly to trade around $63,000 by the morning of April 14, as per CoinDesk data. Bitcoin’s decline marks a significant drop of 16.2% or $10,000 from … Read more
The Indian stock market faced a sharp decline today, with the benchmark NIFTY50 index falling below the 22,600 mark and the SENSEX dropping over 600 points. Heavy selling pressure in key sectors such as banking and pharmaceuticals contributed to the downturn. As of 1:30 pm, NIFTY50 was trading at around 22,572, down by 0.80%, while … Read more
In a significant development, Godawari Power & Ispat Ltd witnessed a remarkable surge of over 7% on the morning of April 10, spurred by the announcement of the complete resumption of operations at its biomass power plant in Chhattisgarh. This resurgence comes in the wake of a recent fire incident that had temporarily disrupted operations … Read more
In the early trading session on April 10, Lupin witnessed a 1% increase following the introduction of its inaugural generic rendition of Oracea (doxycycline capsules) in the US market. At 9:32 am, Lupin’s shares were quoted at Rs 1,621.30, marking a gain of Rs 16.25, or 1.01%, on the Bombay Stock Exchange (BSE). According to … Read more
PB Fintech’s shares surged by over 5% on April 10, reaching a 52-week high of Rs 1,400.35 on the NSE, buoyed by the incorporation of a new subsidiary. In an exchange filing, the company announced the establishment of PB Pay Private Limited, a wholly-owned subsidiary, following the issuance of a certificate of incorporation by the … Read more
On April 10, Sun Pharma Advanced Research Company (SPARC) witnessed a 5% decline, hitting the lower circuit, subsequent to the company’s announcement of discontinuing its Phase 2 trial on Vodobatinib for Parkinson’s disease, a significant setback for the Mumbai-based pharmaceutical firm. The PROSEEK study, which spanned across multiple continents including the United States, Europe, and … Read more
Ramco Systems’ shares surged by 18% to Rs 335 in morning trading on April 10, following the announcement of a multi-million-dollar deal with Korean Air, the largest airline in Korea. The agreement entails providing tech support for Korean Air’s new engine maintenance complex. In a regulatory filing, Ramco Systems stated that the implementation of its … Read more
Today (April 10), Paytm witnessed a decline of almost 3% in its share price following the announcement of Surinder Chawla’s resignation as the Managing Director and Chief Executive Officer of Paytm Payments Bank. Chawla attributed personal reasons for his departure and specified that he would officially step down from his responsibilities on June 26. In … Read more
In the final minutes of trading on April 9, a flurry of activity gripped sugar stocks, spurred by reports from Bloomberg hinting at potential government measures to increase the diversion of sugar for ethanol production in India. Among the sugar stocks that experienced notable upward movement, Balrampur Chini Mills surged to Rs 393, marking a … Read more
Shares of Exide Industries and Amara Raja Batteries have soared in the past three sessions, with gains of up to 20%. This surge is attributed to optimistic market sentiment driven by various factors including partnerships, bullish brokerage recommendations, and promising growth prospects within the battery sector. Exide Industries witnessed a 2% increase in its share … Read more
The Nifty Metal index led sectoral gains on April 9, soaring nearly 2% amid a resurgence in global manufacturing activity. Both China and the US witnessed significant upticks in manufacturing, bolstering confidence in metal stocks. In the US, the manufacturing sector expanded for the first time in 18 months, with the ISM reporting a surge … Read more
In a historic move, the Sensex breached the 75,000-mark for the first time since its inception, marking a new milestone in the Indian stock market on Tuesday (April 9). Analysts are optimistic about the continuation of the bullish trend for the next few days, with India’s strong economic prospects and an influx of retail investors … Read more
On April 9, amid the broader market’s record-breaking streak, FMCG stocks bore the brunt of selling pressure, emerging as some of the worst performers. Leading FMCG players like Hindustan Unilever, Colgate, Marico, UBL, Tata Consumer, Godrej Consumer Products, and Britannia witnessed declines of up to 2 percent, juxtaposed against a modest 0.4 percent uptick in … Read more
Godrej Properties Ltd witnessed a notable surge of 8%, hitting a 52-week high of Rs 2,791.80, buoyed by robust booking growth for the March quarter and FY24. This surge underscores investor confidence in the company’s performance and its strategic positioning in the real estate sector. As of 1:28 pm, the company’s shares were trading nearly … Read more
South Korean automotive giants Hyundai Motor Company (HMC) and Kia Corporation have officially announced a strategic collaboration with Exide Energy Solutions Ltd, a prominent Indian battery manufacturer, to localize electric vehicle (EV) battery production in India. This move has propelled Exide Industries’ shares to surge by over 12%, reaching a remarkable 52-week high of Rs … Read more
FSN E-commerce, the parent company of Nykaa, experienced a surge of 5% in its shares during the early trading hours on April 8, buoyed by the company’s promising growth outlook for the fourth quarter. At 10:40 am, Nykaa’s shares were trading at Rs 173.55 on the NSE, with trading volumes significantly surpassing the one-month daily … Read more
In a remarkable feat, Godrej Properties saw a surge of 5% in its shares during the morning trade on April 5, sparked by the announcement of selling homes worth over Rs 3,000 crore in Gurugram. The real estate behemoth achieved this extraordinary milestone by selling more than 1,050 homes, amounting to a staggering Rs 3,000 … Read more
Shares of Info Edge surged by 7.8 percent, reaching a 52-week high of Rs 6,164.45 on the National Stock Exchange (NSE) following the announcement of robust Q4 performance by the parent company of the renowned online job portal Naukri. In FY24, Info Edge’s standalone billings experienced a notable growth of 5.48 percent year-on-year (YoY), amounting … Read more