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Tag: indian markets

Reliance Industries and earnings optimism propel markets to new peaks | News on Markets
8Apr By adminNo Comments
Business

Reliance Industries and earnings optimism propel markets to new peaks | News on Markets

Gains in Reliance Industries (RIL), automotive (auto) majors, and earnings optimism propelled the benchmark Sensex to new highs for a third consecutive day. Meanwhile, the Nifty finised at a new high for a second time in three days.  The S&P BSE Sensex ended the session at 74,743, marking a gain of 494 points, or 0.7 per cent, while the National Stock Exchange Nifty concluded at 22,666, up by 153 points, or 0.7 per cent. RIL, which saw a rise of 1.75 per cent, contributed the most to the gains in both the Sensex and Nifty, followed by Larsen & Toubro, which increased by 1.9 per cent, and Mahindra & Mahindra, which rose by 3.2 per cent. Analysts attribute the bullish sentiment in domestic equity markets to robust purchasing managers’ index numbers an...
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Adani group adds Rs 1 trillion in mcap, biggest single-day jump since April
28Nov By adminNo Comments
Business

Adani group adds Rs 1 trillion in mcap, biggest single-day jump since April

Shares of Adani Group companies rallied 5-20 per cent on Tuesday, the first trading day after the Supreme Court reserved its orders in the matter pertaining to allegations made by US-based Hindenburg Research and their investigation by the Securities and Exchange Board of India (Sebi). The 11 listed group companies added over Rs 1 trillion in market capitalisation (cap), surpassing Rs 11 trillion. This was the biggest single-day jump in the group’s market cap since April 11. Experts said the gains were owing to improvement in investor sentiment following last week’s proceedings in the Supreme Court and hopes that the port-to-power conglomerate will now have a clear pathway to growth. Some said investors were lapping up beaten-down group shares in anticipation t...
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Markets fall for 2nd day on unabated foreign fund outflow
4Oct By adminNo Comments
Business

Markets fall for 2nd day on unabated foreign fund outflow

MUMBAI: Equity benchmark indices ended lower by 286.06 points on Wednesday, extending their previous day's fall, due to unabated foreign fund outflows and weak trends in the US and Asian markets.The 30-share BSE Sensex went lower by 286.06 points, or 0.44 per cent, to settle at 65,226.04. During the day, it plunged 633.33 points, or 0.96 per cent, to 64,878.77.The Nifty declined 92.65 points, or 0.47 per cent, to end at 19,436.10.Among the Sensex firms, Axis Bank fell over 4.38 per cent, emerging as the biggest laggard. State Bank of India, IndusInd Bank, NTPC, UltraTech Cement, Bajaj Finserv, Tata Steel, JSW Steel, Maruti, and Larsen & Toubro were the other major laggards.Nestle, Hindustan Unilever, HDFC Bank, Tata Consultancy Services, Infosys, HCL Technologies, and Asian Paints wer...
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Gift Nifty flat; RIL, Vedanta, LIC top stocks eyed
1Sep By adminNo Comments
Business

Gift Nifty flat; RIL, Vedanta, LIC top stocks eyed

Stock market live updates: At 7:10 am, Gift Nifty Futures rose 32-odd points to quote at 19,413 levels, as against Nifty Futures' Thursday close of 19,414 levelsDomestic markets are eyeing a flat start on Friday. At 7:10 am, Gift Nifty Futures rose 32-odd points to quote at 19,413 levels, as against Nifty Futures' Thursday close of 19,414 levels. ...Read MoreNo article available in this category.First Published: Sep 01 2023 | 7:29 AM IST
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Two 20-year-olds beat grim market to mint India’s newest unicorn
25Aug By adminNo Comments
Business

Two 20-year-olds beat grim market to mint India’s newest unicorn

Zepto, an instant grocery startup founded by a duo of Stanford University dropouts, both 20, raised fresh funds at a $1.4 billion valuation, creating a rare Indian unicorn amid a gloomy venture funding climate.StepStone Group, Goodwater Capital and others invested a combined $200 million in the Mumbai-based company, it said Friday in a statement. Zepto, built with backing from startup incubator Y Combinator, said it’s on track to turn profitable within 15 months and intends to go public in two to three years.Childhood friends Aadit Palicha and Kaivalya Vohra dropped out of Stanford’s computer science program to return to India and build the startup when they were teenagers. They are now the youngest founders of any Indian unicorn.“Quick commerce is India’s fastest-growing consumer interne...
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