Markets

Veritas, collaborating with Genesys International Corporation Limited, has clinched a significant contract from the Brihanmumbai Municipal Corporation (BMC), cementing its foothold in urban development initiatives. This partnership is tasked with spearheading a transformative project aimed at developing, implementing, and maintaining a cutting-edge 3D City model along with change detection leveraging Geospatial Technology, catering to BMC’s … Read more

On March 19, Aditya Birla Sun Life AMC experienced a notable 2 percent decline in its opening trading session. This drop came in the wake of an announcement made by the company the previous day, where it disclosed that its promoters, Aditya Birla Capital and Sun Life (India) AMC Investments, had given the green light … Read more

Catch the Latest Stirring Developments as Top Companies Take Center Stage Before the March 19, 2024 Opening Bell. These developments across various sectors reflect ongoing changes and initiatives within the Indian market, shaping investor sentiment and market dynamics.

Tata Consultancy Services (TCS) saw a notable decline of over 2% in its share value on March 19, as a substantial transaction unfolded. A staggering 2.02 crore shares, accounting for 0.6% of TCS’s equity and valued at an impressive Rs 8,900 crore, changed hands at an average price of Rs 4,043 per share. The seller … Read more

On March 18, Tata Steel’s stock surged by nearly 5 percent amidst substantial trading activity and numerous significant transactions, propelled by the vigorous growth in China’s industrial output. By 12:20 pm, Tata Steel’s stock was trading at Rs 148.6, marking a 4.9 percent increase from the previous day’s close. The trading volume for Tata Steel … Read more

Pratham EPC Projects witnessed an impressive debut on the NSE SME platform, with its shares commanding a 51 percent premium over the issue price of Rs 75, reaching Rs 113.30 on March 18. This listing has outperformed the grey market expectations, which had pegged the potential listing price at Rs 102. The grey market serves … Read more

Torrent Power witnessed a significant surge of almost 7 percent during the early trading hours on March 18, buoyed by the news of securing a letter of award for the development of 300 MW wind-solar hybrid projects. As of 9:42 am, Torrent Power shares were trading at Rs 1,226.60 on the NSE, indicating a strong … Read more

On March 18, the 30-stock Sensex and the broader Nifty continued their downward trend for a second consecutive day, influenced by a blend of global cues. Analysts anticipate a prevailing pessimistic outlook in the coming days as investors grapple with apprehensions regarding inflated valuations in mid and smallcap sectors. The Sensex hovered around 72,678 while … Read more

On March 15, the Indian stock market experienced notable downturns, with both the Sensex and the Nifty recording sharp declines. The downward trend was primarily driven by weaknesses observed across various sectors, including oil & gas, auto, and PSU banking. Additionally, ongoing selling pressure in mid and small-cap segments added to the overall negative sentiment. … Read more

Tata Investment Corp Ltd saw its shares locked in a 5 percent lower circuit following a significant block deal, with approximately 35 crore shares changing hands, as reported by CNBC. However, specific details regarding the buyers and sellers involved in the transaction remain undisclosed. This marks the fifth consecutive trading session during which the stock … Read more

March 15 witnessed a decline of over 4% in Biocon’s shares, triggered by the news of its subsidiary, Biocon Biologics, divesting its India-branded formulation business to Eris Lifesciences, a prominent player in chronic therapy drugs, for a substantial sum of Rs 1,242 crore. The transaction, valued at an accretive multiple of 3.4 times revenue and … Read more

Investors rushed to book profits after Ashok Leyland Limited witnessed a 3% rally, causing a 2% decline in its shares to Rs 161 during morning trade on March 15. Despite trading at Rs 162 at 10 am, down 1% from the previous close on the NSE, the stock has faced challenges this year, dropping nearly … Read more

In a significant development, shares of Crompton Greaves Consumer Electricals soared by 2.5% during morning trading on March 15, fueled by the company’s announcement of securing substantial orders from three key states: Maharashtra, Haryana, and Rajasthan. Under the purview of the PM-KUSUM scheme, Crompton Greaves is entrusted with the task of supplying, installing, testing, and … Read more

Shakti Pumps (India) witnessed a robust start to trading on March 15, with its shares locked at the 5% upper circuit limit following the company’s announcement of securing a substantial Rs 93-crore work order. As of 9:22 am, Shakti Pumps (India) was quoting at Rs 1,281.55 on the BSE, reflecting an increase of Rs 61. … Read more

Following RailTel’s announcement of securing a substantial Rs 113.46-crore work order from Odisha Computer Application Centre (OCAC), its shares experienced a notable surge of up to 7% on March 15. The contract entails the establishment of IP-MPLS network connectivity in Odisha as part of the OdishaNet Phase 1.0 initiative. As per the company’s regulatory filing, … Read more

In a significant development, Paytm’s shares soared by 5% on Friday, March 15, hitting the upper circuit limit. This surge follows the approval granted by the National Payments Corporation of India (NPCI) for Paytm’s parent company, One97 Communications, to operate as a third-party application provider for Unified Payments Interface (UPI) services. This milestone achievement comes … Read more

Equity benchmarks, the Sensex and the Nifty, showcased a notable turnaround on March 14, erasing early losses and ascending higher fueled by extensive buying activity spanning across sectors. Analysts, while optimistic about the market’s resilience, project a consolidation phase for the Nifty within the range of 22,400 to 21,800 in the near term, citing the … Read more

On March 14, around noon, both the Sensex and Nifty rebounded from earlier losses, trading 0.3 percent in the green. This resurgence was largely attributed to the strong performance of IT and construction stocks in the market. Notably, Infosys and L&T emerged as major contributors to the gains witnessed in the Nifty 50 index. The … Read more

Following a significant correction of up to 15 percent earlier in the week, railway stocks saw a robust rebound on March 14, with RITES, IRFC, RVNL, and IRCON International Ltd registering intraday gains of up to 11%. A notable characteristic of many of these stocks is their limited free float, as the government holds up … Read more

Market Analysis: Navigating the Recent Downturn in Small and Midcap Stocks. The past month has presented challenging times for investors in the Nifty Midcap 100 and Nifty Smallcap 100 indices. With the Nifty Midcap 100 declining by 3.35% and the Nifty Smallcap 100 slipping by 7.61%, investors have faced significant headwinds in the current market … Read more