Indian market is likely to edge higher on Monday tracking positive global cues. The Nifty future closed negative with a marginal loss of 0.01% at 22611 levels on Friday. India VIX was up by 1.07% from 11.22 to 11.34 levels. Volatility has risen marginally after the cool-off seen in the last 4 sessions. On the … Read more
Shares of Maruti Suzuki India (MSIL) jumped 4% on Wednesday to hit a fresh 52-week high of Rs 12,722.70 on the NSE. The company also entered the coveted club of stocks with a market capitalisation of Rs 4 lakh crore. Currently, there are 13 other stocks with a market capitalisation of Rs 4 lakh crore … Read more
Mumbai: Shriram Housing Finance will receive flows worth $260 million as part of its inclusion into the Nifty on March 28, according to a brokerage Nuvama Research. UPL, which is being excluded from the benchmark index, could see outflows to the tune of $95 million. The rejig will take place on March 28, but the … Read more
State-run NTPC, NHPC and NLC India will see their weights go up on the Nifty CPSE following a semi-annual rejig in the index, effective from Thursday, March 28. The adjustment will likely trigger passive cumulative inflows of $94 million according to estimates by Nuvama. A lion’s share will be contributed by NTPC ($71 million) followed … Read more
Mumbai: The earnings upgrade-to-downgrade ratio has weakened over the past three months, with 251 companies in the Nifty 500 universe experiencing downgrades for FY24, compared with 152 upgrades, Bloomberg data showed. Among the Nifty 50 companies, 30 experienced downgrades, while 19 underwent upgrades in this period. A Bloomberg earnings upgrade or downgrade is the consensus … Read more
The December quarter show of India Inc though, was broadly in line to slightly better than street expectations, there were exceptions which failed to cheer up investors with good numbers. Around 26 companies, with a market capitalisation of over Rs 2,500 crore, reported atleast 25% year-on-year (YoY) fall in both revenue and profits in the … Read more
Power Grid Corporation of India. Share Price 287.90 03:59 PM | 20 Feb 2024 11.55(4.18%) HDFC Bank. Share Price 1454.30 04:00 PM | 20 Feb 2024 37.21(2.63%) Axis Bank. Share Price 1088.60 03:59 PM | 20 Feb 2024 25.65(2.42%) NTPC. Share Price 345.70 03:59 PM | 20 Feb 2024 6.95(2.06%) Kotak Mahindra Bank. Share Price … Read more
Nestle India. Share Price 27372.40 03:57 PM | 01 Jan 2024 792.11(2.98%) Adani Enterprises. Share Price 2917.20 03:59 PM | 01 Jan 2024 68.25(2.39%) Adani Ports & Special Economic Zone. Share Price 1047.85 03:59 PM | 01 Jan 2024 23.50(2.29%) Tech Mahindra. Share Price 1297.15 03:59 PM | 01 Jan 2024 24.50(1.92%) Coal India. Share … Read more
Shriram Finance holds a strong chance to replace UPL in Nifty when the next review of the index happens in March 2024, according to estimates by Nuvama. The brokerage also sees a medium to high probability of Canara Bank replacing Bandhan Bank in the Nifty Bank index. Shriram Finance, which has a market cap of … Read more
