Page 1905 - Markets News

Sensex, Nifty post fourth straight weekly rise; Dr Reddy's rises over 3%

After rising 341 points, the Sensex settled 174 points, or 0.33 per cent, higher at 52,475

Latest meme stock: Danish biotechnology company jumps almost 1,400%

Orphazyme A/S, which develops therapies to treat genetic disorders, says it has no idea why its American depositary shares surged overnight

Coal India hits 52-week high, regains Rs 1 trillion market capitalisation

The stock of the state-owned company surpassed its previous high of Rs 162.95, touched on February 26, 2021.

PSU m-cap up 77% in 7 months as investors move towards value stocks

But share in total m-cap languishes below 10%, lower than long-term average of 13%

Oil prices rise to fresh multi-year highs on fuel demand recovery

Brent crude futures edged up 13 cents to $72.65 a barrel to 1145 GMT, a day after closing at their highest since May 2019

Recovery hopes drive gains for pure-play CV maker Ashok Leyland

Street expects trend to continue with valuations supporting upmove

Sensex touches lifetime intra-day high; BSE cos' valuation at record level

This comes amid increased buying in index heavyweights and supportive global trends.

Steel producer SAIL shares climb 5% after quarterly earnings

Shares of SAIL on Friday rose by 5 per cent after the company posted a 31 per cent jump in its consolidated net profit for the quarter ended March 31, 2021.

Market Wrap Podcast, June 11: Here's all that happened in the markets today

BSE Sensex hit an all-time-high of 52,641.5 while the broader Nifty50 index claimed 15,835.5-mark in morning deals

Sensex ends 174 pts up, Nifty near 15,800; IT, pharma indices hit new peaks

Backed by firm global cues, the frontline S&P BSE Sensex hit an all-time-high of 52,641.5 while the broader Nifty50 index claimed 15,835.5-mark in morning deals

World shares mostly higher after United States inflation up 5% in May

Shares were mostly higher in Europe and Asia on Friday after the S&P 500 index notched another record high

Nifty Pharma index hits new high; Aurobindo, Dr Reddy's gain over 3%

Marksans Pharma and Novartis India from the S&P BSE Healthcare index zoomed 20 per cent each

Nomura ups India's 2022 GDP forecast to 7.7%; sees inflation at 5.3%

GDP, according to their estimates, is likely to contract by 4.3 per cent quarter-on-quarter (q-o-q) in Q2, much smaller than during the first wave (-24.7 per cent)

Gayatri Projects slips 18% after NHAI declares company as non-performer

National Highways Authority of India (NHAI) declared the company a non-performer and prohibited from participating in the ongoing and future bids for the road projects

BSE IT index hits record high; Wipro, Tech M too scale new peaks

A total 10 stocks including Mastek, Mindtree, Happiest Minds Technologies, Mphasis and Coforge too hit their new highs in Friday's intra-day deals

Asian shares mixed after United States' inflation jumps 5% in May

Shares were mostly higher in Asia on Friday after the S&P 500 index notched another record high

EClerx Services, Alok Ind: Trading strategies for buzzing stocks of the day

Nifty 500 and Nifty Mid-cap 100 index have already seen a surge of over 2.50 and 6 per cent respectively, in the current month

Investors lap up Bajaj Finance despite NPA warning; stock up 10% in 2 days

The management of Bajaj Finance in a mid-quarter update indicated some adverse impact of Covid-19-related fresh lockdowns on business during the April-June quarter (Q1FY22)

Tide Water Oil up 5% on 1:1 bonus, Rs 200 per share dividend, stock split

The company announced 1:1 bonus issue, dividend of Rs 200 per share and stock split from Rs 5 to Rs 2.

Coal India hits 52-week high, regains Rs 1 trillion market cap

Coal India reported strong offtake in dispatches, with volumes at 55.1mt, registering a 37.6 per cent year on year (YoY) increase in May 2021.