IT stocks dazzle in a weak market on Accenture's stellar earnings show; Govt mulls changes in law to cut govt stake in PSU banks
The BSE Midcap and Smallcap indices ended with losses of 2.4 per cent and 2.1 per cent, respectively. Declining stocks outpaced advancing shares in more than 2:1 ratio
Major IT stocks are either on verge of breakout or holding the positive bias, the positive sentiment may see up to 10% gains
Kopran was up 5% at Rs 318.95, hitting its highest level since 1994
The stock rallied 6% to Rs 1,329.75 on the BSE in Friday's intra-day trade
The stock of the company, which owns women's wear brand Go Colors, slipped 8 per cent to Rs 1,051.25 on the BSE in Friday's intra-day trade
The stock was down almost 23 per cent from Thursday intraday high; while the stock took place at an average price of Rs 264 per share
The stock got listed at Rs 360, a 15 per cent discount to its issue price of Rs 425 per share on the National Stock Exchange
Accenture reported strong revenue in Q1FY22 and upgraded its annual guidance by a massive 700bps as it continues to gain from demand for Cloud transformation.
For many weeks, the stock of SBI Card has been under corrective mode and has come down from the peak of 1,160 towards the 900 mark.
The stock price of Infosys has broken out from the downward sloping trendline on daily chart
Supriya Lifescience IPO seems to be reasonably priced, read detailed analysis
The US Fed has signalled a hawkish stance in the coming years while keeping the policy rates unchanged for now. Find out what the US Fed's policy means for India and where the benchmarks are headed
Equity indices eked out modest gains on Thursday after a four-session losing streak, in tandem with an upmove in global markets despite a hawkish tilt by the US Federal Reserve.
This is expected to suppress valuations in India; decline in P/E may nullify gains from rise in corporate earnings
Our view on crypto assets (crypto coins as an asset class) is that there is a fast-growing use-case for every investor to have some exposure in their portfolios
Clearance for Goa unit is positive; near-term triggers are new launches and market share gains
Growth prospects and scope for margin expansion are other triggers, say brokerages
With a month to go, PE/VC investments in 2021 at $72.6 billion have surpassed the all-time high seen in 2020 by 53 per cent, driven by mega investments in start-ups and large buyouts.
Sources said NSE's initiative will involve signing a contractual arrangement between the exchange and the company to give the scheme more sanctity