Bajaj Finserv, Mahindra & Mahindra, HDFC, and NTPC were among the top gainers on Sensex, while Bajaj Auto, Bajaj Finance, and Infosys were the top drags.
Equity markets continued their upward march on Friday and closed the week’s last trading session with gains.
Tata Steel share price surged 8 per cent to a new 52-week high at Rs 1,188.65 apiece intraday on BSE after the company recorded its best-ever performance during the January-March quarter of FY21.
India’s largest mortgage lender, Housing Development Finance Corporation today announced a dividend of Rs 23 per share.
“We prefer to look beyond this short-term bump and maintain a balanced portfolio strategy based on our SCDV framework.
FIIs pulled out $1.29 billion worth of domestic securities in April, the highest since March 2020, according to domestic brokerage and research firm Edelweiss Securities.
The combined market cap of cryptocurrencies has been on a tear as institutional investors like Morgan Stanley, Grayscale, MasterCard dabble in crypto as a way to boost returns on cash in a world of near-zero interest rates.
But, the stock’s impressive 41-year run may soon come to a screeching halt, if the US stock exchange Nasdaq doesn’t upgrade its computer systems soon, The Wall Street Journal reported.
The issue will comprise a fresh issue of shares of up to Rs 1,500 crore and an offer-for-sale of up to Rs 3,500 crore by its promoter selling shareholder Niyogi Enterprise Private Ltd which holds 86.56 per cent stake in the company.
The impact should be relatively benign on consumer staples, healthcare, IT services, and other export-oriented sectors Equity markets in the US and UK have shown significant resilience while reacting to the lockdowns related to their own second and third waves.
So far this year, a total of 16 companies have successfully completed their initial share sales and made their stock market debuts.
Fresh business of US$ 201 million was secured during the quarter under review, resulting in the order book executable over the next twelve months expanding to US$ 520 million.
If we break that on a closing basis, we can slip to 14000-14100,” said Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments.
While there is logic in this view, it is important to appreciate the fact that we are part of the global bull market and the resilience of the Indian market mainly arises from the ‘hope trade’ being fuelled by the expectation that the second wave will peak in May and the economy will quickly rebound.
Sensex zoomed past 49,200 mark on the opening bell, while the 50-stock NSE Nifty breached 14,800.
Nifty futures on Singaporean Exchange were trading 40 points or 0.25 per cent higher at 14,837.50, suggesting a positive opening for BSE Sensex and Nifty 50 on Friday.
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Prices of Petrol and Diesel continue to march higher, now increasing for the fourth day in a row.
The International Monetary Fund said on Thursday the recent jump in COVID-19 cases in India posed downside risks to the Fund’s April forecast for 12.5% growth in India’s economic output in fiscal years 2021 and 2022.