Page 1115 - Markets News

Downtrend on charts for Nifty FMCG, Nifty Pharma: Check key levels

The Nifty FMCG Index reveals a near-term downtrend on charts, with a support level expected around 53,725

A 5,800% renewables stock surge has some Indian investors worried

The biggest stock winners in India's renewable sector are now all facing the challenge from minuscule earnings, which has sent valuations through the roof

India equity-focused investment trusts in Japan grow 11% in January

In contrast, flows into Chinese shares dropped the most among 14 emerging markets that are covered by Japan's data on international investment positions

Bull Spread strategy for IndiGo Feb expiry amid strength on daily charts

Oscillators like RSI and MFI are in rising mode and placed above 60 on the daily chart, Indicating strength in the stock, as per Nandish Shah

FM Sitharaman's interim Budget extends tax benefits in IFSC till March 2025

Proposal will give 'some breather' business set up in GIFT city, she says

Budget: EY India analyses movement of stocks, gives key reasons behind it

The Sensex closed the session at 71,645, marking a decline of nearly 107 points or 0.15 per cent

Budget fails to enthuse markets: How the Budget affects key sectors

EY India takes a look at how top stocks fared on Thursday when Finance Minister Nirmala Sitharaman presented the Interim Budget for FY25

Interim Budget 2024-25: Debt fund managers cheer lower borrowing

The decline in bond issuances will further improve the demand-supply dynamic, say money managers

FM delivers a prudent, pragmatic and progressive budget, says Sundeep Sikka

From an equity market perspective, some of the positives appear to be considered in valuations and therefore return expectations in the near-term perspective should be moderate

Rupee hits two-week high, forward premiums choppy; volumes improve

The rupee ended at 82.9650 to the U.S. dollar, up from 83.0425 in the previous session. The currency hit its highest intraday level of 82.9325 since Jan 16

No adverse policy changes in the interim budget was a boon: Rahul Arora

The focus on fiscal consolidation led by moderation in government capex aims to reduce the risk of the government crowding out the private sector

Sensex ends Interim Budget session 107 pts down; PSBs shine, Paytm dips 20%

The Nifty ended below 21,700, down 28 points. Maruti, Power Grid, Axis Bank and SBI were the top Sensex 30 gainers, while L&T shed 2 per cent on Thursday. Rail stocks slipped on profit-taking.

ITDC zooms 20% as govt spells support for states to develop tourist centres

The Centre will provide long-term interest free loans to states to encourage the development of tourist centers, the FM said

SBI, BoB, PSB: Track these levels while riding the rally in PSU Banks

The Nifty PSU Bank index was the top performing sector post Interim Budget on Thursday; the index was up almost 12 per cent in the last four days.

Strong emphasis on fiscal consolidation and public investment: Sujan Hajra

Given the robust tax buoyancy seen in recent years and the govt's modest expenditure plans, it is conceivable that the actual fiscal outcomes next year may surpass the budget's projections

Aurobindo Pharma sinks 10% as formulation unit undergoes US FDA inspection

The inspection is under progress from January 22, 2024 and has not been concluded yet. Eugia Pharma is the company's injectables arm

Bonds in India rally as interim Budget surprises with lower borrowings

Bonds also got a boost from a reduction in the government's fiscal deficit target to 5.1 per cent of gross domestic product versus an estimate of 5.3 per cent in the survey

This state-owned housing finance stock has zoomed 305% in past 1 year

Shares of HUDCO rallied 10 per cent to hit a new high of Rs 189.65 in Thursday's intra-day trades on the back of near two-fold jump in average trading volumes.

Godrej Consumer Products soars 12%, hits new high on Ebitda beat in Q3

Analysts believe the execution machinery being put in place by GCPL is yielding good results with improvement seen in underlying metrics alongside higher cash-generation

Paytm dips 20% post RBI move; brokerages see more downside going ahead

The RBI has restricted PPBL from taking fresh deposits and credit transactions across its services due to non-compliance of regulations and supervisory concerns