By Gaurang Somaiya Rupee at the start of the week consolidated in a narrow range and volatility remained low as investors remained cautious ahead of the important numbers that were expected to be released on the global front. On the domestic front, India’s fiscal balance number was released and data showed the deficit stood at […]
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Nifty to continue its winning streak or fall in trade? See GIFT Nifty, FII data, F&O ban, crude, more before market opensNifty to continue its winning streak or fall in trade? See GIFT Nifty, FII data, F&O ban, crude, more before market opens
GIFT Nifty traded up 19 points, or 0.10%, at 19,849, indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Thursday. Previously on Wednesday, the NSE Nifty 50 gained 0.62% to settle at 19,811.35, while the BSE Sensex added as much as 393.69 points to 66,473.05. “Markets edged higher and gained […]
PSU banks rally on bond inclusion hopesPSU banks rally on bond inclusion hopes
On a day when the performance of benchmark indices was subdued, state-owned lenders became the bright spot for markets. The Nifty PSU Bank index jumped 3.4% on Monday, on the back of reports suggesting that the Indian government bonds are likely to be included in global bond indices. The benchmark Nifty50 also closed the session […]
Airtel Africa named Sunil Taldar as new CEO, Ogunsanya to retire in JulyAirtel Africa named Sunil Taldar as new CEO, Ogunsanya to retire in July
Airtel Africa on Tuesday announced the retirement of Chief Executive Officer Olusegun `Segun’ Ogunsanya, with effect from July 1, 2024, and named Sunil Taldar as his successor. Taldar, who joined Airtel Africa in October 2023 as Director – Transformation, will begin the transition to the CEO role, working alongside Ogunsanya. “Airtel Africa plc today announced […]
Holi 2023 in pictures: Indian streets don a colourful avatar as people gather to celebrate ‘festival of colours’Holi 2023 in pictures: Indian streets don a colourful avatar as people gather to celebrate ‘festival of colours’
1/9 Holi is being celebrated across the country today. This is also known as the festival of colours. It signifies the victory of good over evil and marks the onset of Spring season. (PTI photo) 2/9 Foreigners as well as locals play with coloured powder to celebrate the festival of Holi in Rajasthan’s Pushkar.(PTI photo) […]
GQG buys nearly 51 million shares from IDFC First Bank’s VaidyanathanGQG buys nearly 51 million shares from IDFC First Bank’s Vaidyanathan
GQG Partners has bought nearly 51 million shares of IDFC First Bank from Managing Director and Chief Executive Officer V Vaidyanathan through a block deal. Shares of the bank rose around 2% in intra-day trade on Monday following the announcement. Of the total proceeds, around Rs 229 crore of the proceeds will be utilized to […]
Stock markets fall on weak global trends, foreign fund outflow; Sensex down 461 points, Nifty falls 154 pointsStock markets fall on weak global trends, foreign fund outflow; Sensex down 461 points, Nifty falls 154 points
Benchmark equity indices declined in early trade on Monday, falling for the third day running, amid weak global market trends and fresh foreign fund outflows. Caution also prevailed in the market ahead of announcement of wholesale and retail inflation numbers for July later in the day. From the Sensex pack, Tata Motors, State Bank of […]
Share Market Highlights: Nifty settles below 19700, Sensex below 66000; Bank Nifty shades over 140 pointsShare Market Highlights: Nifty settles below 19700, Sensex below 66000; Bank Nifty shades over 140 points
The benchmark domestic indices ended Tuesdays’ trading session in negative territory. The NSE Nifty 50 slipped 9.85 points to 19,664.70, while the BSE Sensex fell 0.12% to 65,945.47. The Bank Nifty index shed as many as 141.90 points to 44,624.20. Among the broader indices, midcap stocks faced corrections while small caps added gains. Among the […]
Oil rises on tightening crude supplyOil rises on tightening crude supply
Oil rose in early Asian trade on Wednesday, supported by tightening global crude supply ahead of a panel meeting of OPEC+ ministers. Brent crude oil futures rose 6 cents to $90.98 a barrel by 0004 GMT, while U.S. West Texas Intermediate crude (WTI), rose 11 cents to $89.34 per barrel. Saudi Arabia is expected to […]
IT companies bracing up for muted Q3 earnings on lower deal wins and near-term challengesIT companies bracing up for muted Q3 earnings on lower deal wins and near-term challenges
The third quarter earnings season will kick start with the IT earnings next week. Given the near-term headwinds, delays in discretionary and dollar-rupee movement, what’s the market expectation? Most analysts believe that margins are set to improve and utilisations may move up but growth may stay muted. Kotak Institutional Equities believes that the deal trajectory […]