On March 12, Aurobindo Pharma’s share price remained largely unchanged after the company’s subsidiary received approval from the World Health Organization (WHO) for Good Manufacturing Practices (GMP). As of 09:56 am, Aurobindo Pharma was trading at Rs 1,063.90 on the BSE, down Rs 0.45 or 0.04 percent. The WHO’s Prequalification Unit Inspection Team (PQT-INS) inspected … Read more
On March 12, Praveg Limited experienced a notable 4% surge in its stock price at the market open, propelled by the news of Goldman Sachs India Equity Portfolio acquiring a 2.18% stake in the company. Simultaneously, promoter Patel Ashaben Vishnukumar divested a 2.85% stake in the firm. As of 9:40 am, Praveg Limited’s stock was … Read more
On March 12, Aditya Birla Capital’s shares surged by nearly 4% upon opening on the NSE, a significant move triggered by the board of directors’ approval for the merger with Aditya Birla Finance Ltd on March 11. The announcement of the merger came after market hours, driving early investor optimism. As of 9:20 am, the … Read more
Global stock indices dipped for the second consecutive session on Monday, extending losses from recent record highs as investors braced for the release of U.S. inflation data later in the week. The upcoming data release is anticipated to have a significant impact on the Federal Reserve’s decision-making regarding interest rates. Despite hitting multiple record highs … Read more
Sensex and Nifty Open Strong, Tracking Positive Trends in Broader Asian Markets: The Indian benchmark indices, Sensex and Nifty, kicked off the trading day on a high note, following the upbeat sentiment seen across Asian markets. The Sensex surged by 53.94 points to reach 73,556.58, while the Nifty climbed 15.75 points to hit 22,348.40 in … Read more
Tuesday Sees ITC Shares Fall Further: Second Day of Losses as Stock Dips Another 2.5%. Today’s Decline Adds to 20% Drop from Peak of ₹499.7 Recorded on July 24 Last Year. CNBC-TV18 Sources: British American Tobacco (BAT), ITC’s Largest Shareholder, Plans Share Sale This Week. BAT Holds 29% Stake in ITC as of December Quarter … Read more
On March 11, shares of NLC India witnessed a robust surge of nearly 12% to reach a high of Rs 244.05 on the NSE as the company’s offer-for-sale (OFS) commenced for retail investors. The OFS is scheduled to close at 3:30 pm and is being conducted through a separate window of the stock exchanges. The … Read more
March 11 witnessed heightened pressure on smallcap stocks as names like BCL Industries, JK Tyre, Tata Chemicals, JM Financial, and IIFL Finance saw significant declines of up to 17 percent on the BSE, reflecting concerns over potentially stricter SEBI regulations. Concurrently, the BSE Smallcap index experienced a notable decline of up to 1.6 percent. In … Read more
Equity benchmarks, such as the Sensex and the Nifty, ended a two-day winning streak on March 11, facing downward pressure attributed to weaknesses in banking stocks. Despite this setback, analysts remained upbeat about the market’s prospects, citing expectations of continued upward momentum, fueled by anticipated short covering in index futures by both foreign and domestic … Read more
In afternoon trading on Monday, Japan’s benchmark Nikkei 225 index dropped to 38,496.66 points, marking a decline of three percent. This downward movement coincided with the yen’s advance to 146.60 per dollar, indicating a strengthening of the Japanese currency against the greenback. The decline in Japan’s Nikkei index was primarily attributed to the strengthening yen, … Read more
Sensex and Nifty 50 Extend Losses as Financial Services, IT, and Automobile Stocks Weigh Heavily. The midday trading session on March 11 witnessed a continuation of the downward trend in the Sensex and Nifty 50, with both key indices slipping further. The Sensex declined by 0.4 percent to reach 73,833 levels, while the Nifty 50 … Read more
Domestic brokerage firm Motilal Oswal has reaffirmed its “buy” recommendation for JK Lakshmi Cement as the company embarks on expanding its grinding capacity and aims to enhance its market footprint. With a target price set at Rs 1,030 per share, reflecting a 15 percent potential upside from the current market value, the brokerage remains optimistic … Read more
Shares of several Tata group firms experienced a decline of up to 10 percent on March 11, following reports suggesting that Tata Sons might not pursue an initial public offering (IPO) in the near future. In the previous week, these stocks had surged by as much as 36 percent due to the buzz surrounding the … Read more
United Breweries witnessed a surge in its stock price early on March 11, following the launch of a new beer brand in Karnataka. At 9:28 am, United Breweries was trading at Rs 1,703.55 on the BSE, marking an increase of Rs 6.20 or 0.37 percent. The company introduced Kingfisher Ultra Max draught beer in its … Read more
Rail Vikas Nigam Limited (RVNL) experienced a 5% rise in its share price during early trade on March 11, following the company’s receipt of significant work orders amounting to Rs 1,826.14 crore. At 9:25 am, RVNL was trading at Rs 250.90 on the BSE, marking a notable increase of Rs 12.90 or 5.42%. The company … Read more
Shares of Tata Chemicals witnessed a sharp decline of over 10 percent on March 11 as news emerged regarding the diminishing likelihood of an IPO by Tata Sons, which was anticipated to uplift the company’s value. The stock of Tata Chemicals had surged by 36 percent in the previous week amidst speculations surrounding the IPO … Read more
On Friday, Nvidia shares witnessed an unexpected 5.5% decline, erasing a staggering $128 billion in the chipmaker’s market value, marking the steepest drop since May. The dip comes amidst the company’s remarkable 77% surge in share price so far this year, following a triple-digit growth in the previous year. This significant decline has sparked concerns … Read more
According to a recent report from UBS, the Indian stock market’s premium valuation is backed by both cyclical and structural tailwinds, leading the benchmark Nifty 50 to potentially reach the 25,200 level by March 2025. UBS analysts highlight India’s strong structural growth narrative compared to other large economies, combined with political stability and supportive government … Read more
Asian markets surged on Friday, buoyed by an overnight rally on Wall Street prompted by dovish signals from central banks. Investors are now eagerly awaiting the release of US jobs data later today. Japan’s Nikkei 225 climbed 0.86%, while the Topix index advanced 0.4%. South Korea’s Kospi posted strong gains of 1.3%, with the Kosdaq … Read more
During the week, both the BSE Sensex and Nifty registered a 0.5 percent increase each. However, the market will be closed on March 8 in observance of Mahashivratri. The market struggled to extend its initial gains and concluded the March 7 session with minimal movement in a rangebound manner. Although the benchmark indices surged to … Read more