Month: October 2023

Nifty short-term trend still bullish; buy Jubilant FoodWorks, TechM, SBI Life to pocket gainsNifty short-term trend still bullish; buy Jubilant FoodWorks, TechM, SBI Life to pocket gains

By Shrikant Chouhan The benchmark indices witnessed profit booking at higher levels, Nifty ended 34 points higher while the Sensex was up by 18 points. Among sectors, the metal index continued to be outperformed, rallied over 2.5 percent whereas selective IT stocks registered profit booking at higher levels. On Tuesday, after a gap up opening, […]

FPIs turn net sellers after 6 months of investment; withdraw Rs 14,767 cr in SeptemberFPIs turn net sellers after 6 months of investment; withdraw Rs 14,767 cr in September

After sustained buying in the last six months, FPIs have turned net sellers and pulled out of over Rs 14,767 crore from Indian equities in September, primarily due to dollar appreciation, steady rise in the US bond yields, and a spike in crude oil prices. Going forward, the outlook for FPI flows in India is […]

Rakesh Jhunjhunwala-backed Concord Biotech IPO Listing: Shares have positive debut, list at 21.5% premiumRakesh Jhunjhunwala-backed Concord Biotech IPO Listing: Shares have positive debut, list at 21.5% premium

Concord Biotech IPO: Concord Biotech shares listed at an 21.5% premium over IPO price on NSE and BSE amid positive domestic market. The share debuted at Rs 819.9 apiece on the BSE, as compared to the issue price of Rs 741. Ahead of the public issue listing, Concord Biotech shares’ GMP rose to Rs 122 […]

Adani Group deployed more than Rs 2.36 trillion worth equity as of FY23Adani Group deployed more than Rs 2.36 trillion worth equity as of FY23

Adani Group deployed more than Rs 2.36 trillion worth equity by the end of FY23, which was more than half of its total gross assets, through various strategic initiatives. The deployment was from FY14 and had the highest-ever cash balance of Rs 42,115 crore as of FY23-end. The cash balance was higher by Rs 1,764 […]

Forceful end to protest? Wrestlers trying to march to new Parliament detained by Delhi Police | See PhotosForceful end to protest? Wrestlers trying to march to new Parliament detained by Delhi Police | See Photos

1/8 Security personnel detain wrestlers Vinesh Phogat and Sangeeta Phogat during wrestlers’ protest march towards the new Parliament building in New Delhi on Sunday. (Photo: PTI) 2/8 Security personnel detain wrestler Sangeeta Phogat during wrestlers’ protest march towards new Parliament building in New Delhi on Sunday. (Photo: PTI) 3/8 Security personnel detain wrestlers Vinesh Phogat […]

Interview: Sekhar Garisa, CEO, foundit (formerly Monster APAC & ME)Interview: Sekhar Garisa, CEO, foundit (formerly Monster APAC & ME)

Global talent management platform foundit expects to break even by the end of the current fiscal. Sekhar Garisa, CEO, foundit, talks to Akanksha Nagar about the kind of effect technology has had on the entire process of hiring and how its newly launched AI-backed recruitment solutions will increase its wallet share in the market. Edited […]

Markets end positive after Nifty and Sensex both hit fresh highs intra-day; tech and auto stocks in top gear while oil & gas and FMCG see 1% plus declineMarkets end positive after Nifty and Sensex both hit fresh highs intra-day; tech and auto stocks in top gear while oil & gas and FMCG see 1% plus decline

The Nifty ended trade just a tad below 20,200 at 20,192 after hitting a fresh intra-day high of 20,222. The Sensex too climbed to a fresh 52-week high of 67,927 before closing at 67,838, up 300 points. The broader markets too ended in the positive zone and the market breadth was evenly poised. Mid and […]

Nifty positively biased for short term towards 18800 shows June futures data; Auto, Cement, IT looks positiveNifty positively biased for short term towards 18800 shows June futures data; Auto, Cement, IT looks positive

By Manojh Vayalar This June series Nifty futures started with a premium of 70-80 points for the current month. For the Nifty futures, FII maintained around 40% short positions, lesser than last month’s series, which is now currently up to around 48% short. The index witnessed a long buildup rally since the start of this […]