Mumbai : India could see inflows of up to $3 billion by the end of August due to the scheduled inclusion of select stocks by index provider MSCI in its benchmarks. In addition to the inclusion of seven stocks into the Global Standard index, MSCI will also increase the weight of HDFC Bank in the … Read more
Shares of state-run Cochin Shipyard surged 10% to hit a new record high of Rs 2100 in Monday’s trade on BSE after the company reported multi-fold growth in its consolidated net profit to Rs 258.88 crore for the March 2024 quarter on account of higher income. It had clocked Rs 39.33 crore profit in the … Read more
The Indian market hit a fresh record high on Thursday amid short covering following RBI’s record dividend payout to the government that could lead to better fiscal position and softer bond yields. The S&P BSE Sensex rose nearly 1,200 points to hit a record high of 75,499 while the Nifty50 closed at 22,967. “There was … Read more
State-run NTPC, NHPC and NLC India will see their weights go up on the Nifty CPSE following a semi-annual rejig in the index, effective from Thursday, March 28. The adjustment will likely trigger passive cumulative inflows of $94 million according to estimates by Nuvama. A lion’s share will be contributed by NTPC ($71 million) followed … Read more
In times when foreign investors are taking calculative bets on India, the faith of retail bulls remains unabated, as they increased their holding in more than 300 stocks for three straight quarters. Their consistent faith seems to have paid off too, because atleast 100 of the 300 stocks have given multibagger returns so far in … Read more
Cochin Shipyard Ltd, part of the shipbuilding space, has rallied by about 20% in a month which helped the stock to breakout from a rounding bottom pattern on the daily charts. The breakout has opened room for the stock to head above 1500 levels in the next 3-4 months, suggest experts. The stock rose from … Read more
US markets have started their journey upwards and are 2 to 3% away from their all-time highs and are showing positive momentum. The US Federal Reserve paused hiking interest rates and are cautiously optimistic about the economy. The US Fed Rates are at 5-5.25%. Inflation is also around 3.2%, which is comforting and probably the … Read more
The Indian market is expected to open higher on Wednesday tracking positive global cues. The S&P BSE Sensex and Nifty50 closed flat but with a negative bias on Tuesday. India VIX was up by 0.83% from 11.10 to 11.19 levels. Volatility was slightly on the rise but created momentum in the index. On the weekly … Read more
Benchmark Sensex closed higher by 94 points, while the broader Nifty retreated from record high levels in a volatile trading on Tuesday as investors turned cautious over high valuations. Stocks that were in focus included names like L&T, which rose 1.88%, Cochin Shipyard, which fell 10.8%, and BEML, whose shares declined 10.61% on Tuesday. Here’s … Read more
Mumbai: Shares of defence firms, Public Sector Undertakings (PSUs) and firms deriving business from Railways-the darlings on Dalal Street in the recent run-up- tumbled on Tuesday as investors dumped them with risk aversion gripping the stock market. Analysts said concerns that many of these stocks were overbought following recent gains weighed on investor sentiment. Among … Read more