Page 19 - Market News

Mcap of 6 most valued firms erodes by Rs 1.71 trn; Infosys, TCS lag

The combined market valuation of six of the top 10 valued domestic firms eroded by Rs 1.71 lakh crore last week, with IT majors Infosys and Tata Consultancy Services taking the biggest hit. Last week, the BSE benchmark lost 759.58 points or 0.98 per cent, and the Nifty declined by 228.3 points or 0.97 per cent. From the top 10 pack, Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, Infosys, Hindustan Unilever and ITC faced a combined erosion of Rs 1,71,680.42 crore in their market valuation while Reliance Industries, Bharti Airtel, State Bank of India and Life Insurance Corporation of India (LIC) were the gainers. The valuation of Infosys tanked by Rs 62,948.4 crore to Rs 7,53,678.38 crore, the most among the top 10 firms. Infosys shares tanked nearly 6 per cent on Friday amid profit-taking after the announcement of the third quarter earnings. The market capitalisation (mcap) of TCS tumbled by Rs 50,598.95 crore to Rs 14,92,714.37 crore. Hindustan Unilever's valuation droppe

Axis Bank's shares tumble nearly 5% following weak earnings in Q3FY25

The bank reported fresh slippages of Rs 5,432 crore, up 46 per cent YoY and 22.25 per cent sequentially

Aether Industries zooms 7% after profit soars 149% in Q3 results; details

Aether Industries share price plummeted 7.03 per cent at Rs 917.60 a piece on the BSE in Friday's intraday trade

Stocks to Watch Today, Jan 16: RIL, Axis Bk, Infy, Ceat, HDFC Life, Swiggy

Stocks to Watch Today, January 16: Axis Bank, DB Corp, Hatsun Agro, Havells India, Infosys, LTIMindtree, Metro Brands, Reliance Industries, and Waaree Renewable will report their Q3 results today

Indian Hotels, Escorts: Ruchit Jain of Motilal Oswal picks stocks to buy

Stocks to Buy Today: Indian Hotels share price has turned up after breaking out from an bullish harami candlestick pattern on the daily chart

Markets Today: Nifty outlook, Q3 results, FII selling, Laxmi Dental IPO

Stock Markets Today, Jan 15: 24 companies are scheduled to report their Q3FY25 results today, including Ceat Q3 results, HDFC Life Q3 results, LTTS Q3 results, and Bank of Maharashtra Q3 results

Bajel Projects rallies 7% after order win from Adani Energy Solutions

Bajel Projects shares were in high demand on Tuesday, after the company received a contract from Adani Energy Solutions

Stocks to Watch, Jan 14: HCL Tech, Angel One, Quadrant Future, BEL

Stocks to watch January 14, 2025: HCL Tech Q3's consolidated net profit stood at Rs 4,590 crore, compared to Rs 4,235 crore QoQ. Revenue increased to Rs 29,890 crore from Rs 28,860 crore

Monday mayhem: When will stock markets recover? Check outlook, strategy

Stock markets: Analysts see a slow pace of recovery for the India stock markets, with Trump's Presidency and the Union Budget 2025, back home, holding the key to the recovery in investors' portfolio

Tech M, Uno Minda: Rajesh Bhosale of Angel One picks 2 stocks to buy today

Stocks to Buy Today India: Tech M share price witnessed a long-term breakout in October near the 1,650-level, followed by a sharp rally above 1,800

Inflation data, Q3 earnings, FII trading to drive mkts this week: Analysts

Investors will take cues from the December quarter corporate earnings, with blue-chips like Infosys, Reliance Industries scheduled to report their results this week, in addition, inflation data and trading activity of foreign investors will also be crucial in dictating market trends, analysts said. Movement of crude oil prices and the dollar index will also be tracked by investors. The strengthening of the US dollar, along with rising US bond yields, impacted investors' confidence last week. "The Indian equity markets are poised for a volatile week ahead, as investors eagerly await the release of Q3 earning reports from major companies. "Prominent names such as Infosys, Reliance Industries, HCL Technologies, HDFC AMC, HDFC Life Insurance Company, and Axis Bank are set to unveil their financial performance, which is likely to significantly impact market sentiment," Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd, said. Adding to the market's dynamic, a tug-of-war ...

Stock Market Close Highlights: Sensex sheds 528pts, Nifty at 23,526; IT, financials shares dip

Stock Market Today LIVE Updates, Jan 9: In the broader markets, the Nifty MidCap and SmallCap indices were flat

Transrail Lighting shares zoom 7% after CRISIL upgrades long term rating

Shares of Transrail Lighting were in demand on Thursday, after the company received a credit rating upgrade from CRISIL

RIL, Bajaj Fin: Ruchit Jain of Motilal Oswal bets on 3 stocks to buy today

Stocks to Buy Today: Ruchit Jain of Motilal Oswal picks Reliance Industries, Bajaj Finance, and Bharat Dynamics as top stocks to buy in stock markets today

Chambal Fertilizers, ONGC: Religare Broking's Ajit Mishra's 2 stocks to buy

Nifty today: Ajit Mishra of Religare Broking recommends maintaining a "sell on rise" strategy for the Nifty index while prioritising prudent stock selection

Zomato shares in 'bear' grip with 20% fall from peak; stock nears 200-DMA

Zomato share: Including today's decline, Zomato shares have tumbled 14.2 per cent over the past four sessions. The stock has cracked 19.7 per cent from its 52-week high level of Rs 304.5 per share

Jindal Worldwide hits 52-week high, up 5% as board proposes 4:1 bonus issue

Shares of Jindal Worldwide were in demand on Wednesday, after the company's board recommended the issuance of bonus shares in the ratio of 4:1

Nifty IT in bearish trend; Nifty Auto index rangebound; how to trade today?

Stock Market Today: The Nifty IT Index today is exhibiting a bearish trend in the near-term with charts signaling further downside potential

'Real stock market money is with Gujjus.. Let that sink in': Nithin Kamath

Nithin Kamath: Ahmedabad and Mumbai account for 80 per cent of equity delivery trades, Nithin Kamath said on X

KEC, Tata Motors: Osho Krishan of Angel One picks 2 stocks to buy today

Stocks to Buy Today for Upside, Jan 6, 2025: TATAMOTORS has witnessed a steep correction of nearly 40 per cent from its peak of Rs 1,179 in the past five months and has plummeted to oversold terrain