Every fresh negative headline may cause temporary jitters, but the broader trend remains bullish, says a market expert The benchmark indices Sensex and Nifty rose nearly 1 percent on Monday, driven by gains in IT and oil stocks, value buying and a rebound in global equities amid easing crude oil prices despite tensions in…
Analysts said bullish sentiment remained intact so long as the Nifty stays above the key support level of 24,500. Market participants are now keenly awaiting the Reserve Bank of India’s monetary policy decision due Friday. The domestic equity benchmarks rebounded on Wednesday after three straight sessions of losses, supported by firm global cues and strong…
Backed by rising volumes, cost efficiencies, and PLI support, Bajaj Auto is narrowing losses that once weighed heavily on its EV portfolio. Bajaj Auto’s electric scooter, Chetak, led the electric two-wheeler segment in the January–March quarter of FY25. Following the roaring success of Chetak, Bajaj Auto is nearing EBITDA break-even for the electric scooter…
Market regulator SEBI has barred former MD&CEO IndusInd Bank Sumant Kathpalia, former Dy CEO Arun Khurana and three others for alleged insider trading. SEBI in its interim order found that they traded during the existence of Unpublished Price sensitive information. The others included Sushant Sourav, Rohan Jathanna and Anil Marco Rao. SEBI whole time member…
Axis suggested weekly technical stock picks with a potential upside of up to 20 per cent. Axis Securities said the benchmark Nifty50 saw profit booking around the 23,800 zone recently. For the week, the domestic brokerage expects the index to trade within a broader range of 24,250-23,000 while sub-index Nifty Bank could trade within the…
Technical charts show that Tanla Platforms, Mazagon Dock have given a fresh breakout on the daily charts; these 2 stocks along with BSE, Zomato and GR Infra can potentially rally another 24 per cent. As equity markets extended the rally for the third straight trading session, 1 in every 50 stocks from the Nifty…
Finance and Revenue Secretary Tuhin Kanta Pandey on Monday said that the Indian rupee is a free-floating currency and the government is not worried about its ups and downs, which are caused by international money movements. The statement comes after the rupee fell to a record low of 87.29 against the US dollar, decreasing by…
Stock market today: The Indian stock market closed on a flat note after FM Nirmala Sitharaman presented her 8th consecutive Budget speech on Saturday. Sensex rose 5 pts to 77,506 and Nifty fell 26 pts to 23,482. Market cap of the BSE-listed firms stood at Rs 423.76 lakh crore today. Of 30 Sensex stocks, 16 shares…