Sunday, October 20

Tag: stock markets

Closing Bell: Sensex Breaches 71k-mark, Nifty Surges To Fresh Record
28Dec By adminNo Comments
Business

Closing Bell: Sensex Breaches 71k-mark, Nifty Surges To Fresh Record

In the broader market, the BSE midcap jumped 1.06 per cent and smallcap climbed 0.62 per cent on ThursdayBenchmark equity indices Sensex and Nifty rallied over 1 per cent to hit all-time highs on Thursday,Stock Markets Today India: Benchmark equity indices surged more than 1 per cent to hit their new all-time highs on Friday, with the Sensex breaching the 71,000 mark, as domestic macroeconomic data and easing concerns over the US economic growth bolstered market sentiment.Besides, heavy buying in IT, tech and metal counters amid sustained buying by foreign investors helped the domestic equities, traders said.Rising for the third day running, the 30-share BSE Sensex jumped 969.55 points or 1.37 per cent to settle at its record closing high of 71,483.75. During the day, it surged 1,091.56 p...
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Sensex, Nifty remain range-bound; Metal index gains 1.5%
16Oct By adminNo Comments
Business

Sensex, Nifty remain range-bound; Metal index gains 1.5%

Stock market LIVE updates: Equity markets were range-bound with negative bias on Monday as investors juggled between Q2-FY24 quarterly results of India Inc and geopolitical tensions between Israel and Gaza. The S&P BSE Sensex quoted at 66,245 levels, down 38 points or 0.06 per cent. The Nifty50, on the other hand, hovered around 19,750-mark.  In the broader markets, the BSE MidCap and SmallCap indices outperformed the market by rising 0.39 per cent and 0.52 per cent, respectively. Among individual stocks, shares of Delta Corp tanked 11 per cent after the company's subsidiary received notice for a goods and services tax of Rs 6,384 for payment of the shortfall tax. READ MORE Shares of Gujarat State Fertilizers & Chemicals Limited (GSFC) rallied 9 per cent on t...
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US SEC seeks court order to compel Elon Musk to testify about his Twitter acquisition
5Oct By adminNo Comments
Technology

US SEC seeks court order to compel Elon Musk to testify about his Twitter acquisition

New York CNN  —  The US Securities and Exchange Commission on Thursday applied for a court order to force Elon Musk to testify in an ongoing probe related to his acquisition of Twitter and public disclosures he made in connection with the deal, according to court filings. The filing Thursday in San Francisco federal court seeks a judge’s order requiring Musk to testify, alleging “blatant refusal to comply” with an earlier SEC subpoena. X, the company formerly known as Twitter, did not immediately respond to a request for comment. The SEC action is the latest turn in a long-running inquiry into whether Musk fully complied with his disclosure obligations when he began acquiring large amount...
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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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Arm IPO: China is huge for the SoftBank-owned company. That’s a risk for its new investors
14Sep By adminNo Comments
Technology

Arm IPO: China is huge for the SoftBank-owned company. That’s a risk for its new investors

Hong Kong CNN  —  As British chip designer Arm prepares to raise about $5 billion in an initial public offering (IPO) on Thursday, its China business has become a serious point of concern. The SoftBank-owned firm used many pages of its IPO prospectus to warn investors of risks related to its exposure to China at a time of rising tension between Washington and Beijing over chip technology. Its regulatory filing last month revealed that a quarter of its sales come from China, through an unusual relationship with an entity it does not control and with which it has a complex history. Arm China is “an entity that operates independently of us and is our single largest customer,” the company s...
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Asian indices slide; China Services PMI eases in August
5Sep By adminNo Comments
Business

Asian indices slide; China Services PMI eases in August

Stock market LIVE updates: Stock-specific action will sway the market moves on Tuesday amid lack of directional cues. Investors, however, will take note of the Services PMI data, which is scheduled to be released today, for the month of August. ...Read MoreFirst Published: Sep 05 2023 | 7:54 AM IST
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FDI equity flows into India declined 34% to $10.94 bn in April-June 2023
27Aug By adminNo Comments
Business

FDI equity flows into India declined 34% to $10.94 bn in April-June 2023

Foreign direct investment (FDI) into India declined 34 per cent to $10.94 billion during April-June 2023-24, dragged by lower inflows in computer hardware and software, telecom, auto and pharma, according to government data. FDI inflows stood at $16.58 billion during April-June 2022-23. Inflows during January-March 2023 too had contracted 40.55 per cent to $9.28 billion. Investments from overseas fell in April, May and June this fiscal to $5.1 billion, $2.67 billion and $3.16 billion, respectively as against $6.46 billion, $6.15 billion and $3.98 billion in the year-ago corresponding periods, the data from Department for Promotion of Industry and Internal Trade (DPIIT) showed. Total FDI, which includes equity inflows, reinvested earnings and other capital, cont...
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Amazon’s stock surges as profit jumps and sales jump
3Aug By adminNo Comments
Technology

Amazon’s stock surges as profit jumps and sales jump

New York CNN  —  Amazon (AMZN)’s sales boomed on strong demand in the second quarter for its wide range of products, from fast delivery for Prime deals to ads, fueling a massive jump in profit from a year ago. Sales grew 11% to $134.4 billion. That’s an increase from $121.2 billion in the second quarter of 2022. The number exceeded analyst predictions of $131.4 billion revenue. The stock surged nearly 10% in after-hours trading. Amazon’s stock has risen 52% year to date, one of a handful of tech stocks that has helped power the market higher this year. The company’s profit jumped sharply compared to this quarter last year. Its net income was $6.7 billion in t...
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