Page 1216 - Markets News

Tata Motors becomes 3rd Tata group firm to cross Rs 3-trillion market cap

A combined market cap of Tata Motors (Rs 273,985 crore) and Tata Motors DVR (Rs 27,940 crore) touched Rs 3.02 trillion in intra-day trades on Tuesday.

Stocks to Watch on Jan 16: HDFC Bank, Jio Fin, RVNL, HFCs, Nalco, Angel One

Stocks to Watch on Tuesday, January 16, 2024: HDFC Bank's Q3FY24 net profit growth may come in anywhere between -1.6 per cent and 1.3 per cent quarter-on-quarter (Q-o-Q)

Here's why you should consider booking profit in Nifty PSU Bank index

The recommended trading strategy for PSU Bank index is to "sell on rise" or consider booking profits and maintaining a cash position, says Ravi Nathani

How India's stock and bond markets are turning into an inexorable force

Overseas investors will still have to contend with government policies that benefit from Russia's invasion of Ukraine, especially the purchase of Russian oil at discounted prices

India ETF flows hit record in 2023, analysts see momentum persisting

Investors are looking at India to diversify their emerging markets portfolio amid worries about economic growth in China and Sino-US tensions, analysts said

Medi Assist healthcare IPO subscribed 54% on first day of bidding

Medi Assist covers over 18,000 hospitals across 1,069 cities and 31 states and has 35 insurers as partners

Corporates mop up record Rs 9.58 trillion from market in 2023: Report

In 2022, fund mobilisation through corporate bonds on private placement basis stood at Rs 7.58 trillion, according to the data collated by Primedatabase

Earnings-equity valuation gap of Indian IT companies widens, shows data

The combined net profit of TCS, Infosys, Wipro, and HCL Technologies was down 1.5 per cent year-on-year (Y-o-Y) in the December quarter

India likely to get its first $1 trn market capitalisation firm by 2032

With a mcap of $213 billion, RIL is currently the most-valued Indian firm

Lower growth estimates likely to keep HDFC Life stock under pressure

HDFC Life reported Q3FY24 annual premium equivalent (APE) at Rs 3,190 crore which was more than 10 percent below consensus and down 4.5 percent Y-o-Y

Mahindra Group-backed infra investment trust trading debut on Monday

SEIT raised 13.65 billion rupees in the offer, while Mahindra Susten, the green energy arm of the tractors-to-financing conglomerate Mahindra Group, raised 8.98 billion rupees, according to statement

Sensex soars 759 pts, ends atop 73,300; Nifty nears 22,100; Wipro zooms 6%

Closing Bell on January 15, 2024: Shares of Wipro surged 14 per cent intraday, before closing 6 per cent higher, as the company beat profit estimates in its third quarter results (Q3FY24)

Sebi introduces guidelines for AIFs on holding investment in demat form

The regulator said that Standard Setting Forum for AIFs (SFA), in collaboration with Sebi, will have to formulate implementation standards for reporting AIF investment data under custodianship

Stock of this smallcap iron & steel company has zoomed over 340% in 10 mths

Shares of Man Industries (India) hit a record high of Rs 378.50 as they rallied 12% after the company received new orders of approximately Rs 400 crore

HDFC Bank Q3 preview: In a steady quarter, analysts expect NIM to expand

The numbers are not comparable year-on-year (Y-o-Y) due to its merger with HDFC Ltd effective July 1, 2023

This railways related stock surpasses Tata Steel, Jio Fin, VBL in m-cap

With market cap of Rs 1.74 trillion, IRFC now stands at 41st position in overall market cap ranking on Monday, the BSE data shows.

ONGC hits 7-year high; jumps 9% in 2 days on discovering major gas reserves

According to a PTI report, ONGC has made two significant back-to-back natural gas discoveries in a Mahanadi basin deepwater block in the Bay of Bengal

Infy, TCS, Wipro, HCLT: Chart suggests up to 14% upside as stocks breakout

The Nifty IT index is likely to trade with a bullish bias as long as the index sustains above 36,950 levels, suggest the daily chart.

Nifty IT near 2-year high; up 9% in 2 days post solid Q3 show by majors

The Nifty IT index was trading at its highest level since January 19, 2022. It had hit a record high of 39,446.70 on January 4, 2022.

Wipro soars 13% to new 52-wk high on bets consulting biz drag bottoming out

The commentary on higher deal wins in the Consulting vertical indicates that the drag from that segment is now bottoming out, which should help improve overall growth, as per Motilal Oswal Securities