Share prices were mixed in Asia on Friday after China reported its economy contracted by 2.6% in the last quarter as virus shutdowns kept businesses closed and people at home. U.S. futures and oil prices edged higher. Tokyo’s Nikkei 225 index added 0.5% to 26,788.47. The Kospi in Seoul was up 0.2% at 2,327.76 and […]
The launch of NSE International Financial Service Centre (IFSC) SGX Connect, the platform that would help Singapore Exchange members to deal in Nifty derivatives at the NSE IFSC, has been postponed. Both the National Stock Exchange (NSE) and Singapore Exchange (SGX) told this to their trading members and vendors through a circular on Wednesday. Prime […]
BSE Sensex and NSE Nifty 50 were ruling nearly half a per cent down on Tuesday, dragged by losses in HDFC Bank, Infosys, ICICI Bank, Housing Development Finance Corporation (HDFC), and HUL, among others. In late morning deals, BSE Sensex hit day’s low of 54,054, while NSE Nifty 50 fell to 16,103.35. So far in […]
Radhakishan Damani’s Avenue Supermarts (DMart) share price jumped nearly 4 per cent to Rs 4,091.90 apiece on Monday, after the company reported nearly six-fold rise in Q1 profit. Avenue Supermarts posted a 490.30 per cent year-on-year rise in standalone net profit at Rs 680 crore for the June quarter compared with Rs 115 crore in […]
Trading activity in the domestic equity market this week will be influenced by a host of macroeconomic data announcements, including inflation number for June, first quarter earnings from companies, global trends and foreign funds movement, analysts said. Besides, other key factors like rupee-dollar trend and Brent crude oil price will also guide market sentiments, they […]
Foreign investors continue to desert Indian equity markets and have pulled out over Rs 4,000 crore this month so far amid steady appreciation of the dollar and rising interest rates in the US. However, the pace of selling by foreign portfolio investors (FPIs) has been declining over the last few weeks. “With oil prices breaching […]
Falling up to 13 per cent this year so far, BSE smallcap and midcap stocks have lagged behind the benchmark Sensex as experts said these indices had climbed more than the frontline index during the “good times” and a deeper correction is natural in the current turbulent times. Equity markets have faced many headwinds this […]
ICICI Lombard General Insurance’s share price has tumbled more than 9% so far this year, largely in line with the headline indices. The stock has de-rated with growth deceleration, rising competition, and lower ROEs, said analysts at Credit Suisse. The global brokerage firm has initiated the coverage of ICICI Lombard General Insurance and is bullish […]
Indian benchmark indices were trading higher amid positive cues from global markets. The BSE Sensex rose 300 points to 54,527, and the NSE Nifty 50 gained 90 points to 16,222. The broader markets were also in the positive zone with the BSE MidCap and SmallCap indices inching up to 0.3 per cent higher. Sectorally, Nifty […]
LIC share price rose around 2 per cent on Tuesday, a day after the stock was categorised as largecap, according to the Association of Mutual Funds in India’s (AMFI) latest stock categorisation. The stock was quoting at Rs 707, up 2 per cent on NSE. LIC share price has tumbled 27% from issue price of […]