After the Indian government confirmed two cases of Human Metapneumovirus (HMPV) in Karnataka and one in Gujarat, amid tales of a virus outbreak wreaking havoc in China, stock market investors elected to remain cautious. As a result, the Sensex sank by more than 1,400 points, while the Nifty lost almost 1.7%. The India VIX fear…
Indian benchmark equity indices, the Sensex and Nifty50, fell more than 1.5% on Monday after opening higher, with private and state-owned banks, as well as consumer stocks, leading the loss due to dismal quarterly updates from big corporations. The market decline coincided with the finding of three instances of Human Metapneumovirus (HMPV) in the country….
IDBI Bank said that its overall business increased 12.9% to Rs 4,89,346 crore in Q3 FY25, compared to Rs 4,33,443 crore in Q3 FY24. In the third quarter of FY25, the bank’s total deposits stood at Rs 2,82,439 crore, up 9.29% year on year. During the quarter, net advances rose to Rs 2,06,907 crore, up…
HG Infra Engineering shares will be closely watched on Monday after the company received a Letter of Intent (LOI) from Gujarat Urja Vikas Nigam Ltd for 250 MW/500 MWH of the project for the establishment of 500 MW/1000 MWh standalone battery energy storage systems in Gujarat under tariff-based global competitive bidding (Phase-IV), with viability gap…
Shares of Bajaj Finance Ltd are in the spotlight today after the non-banking financial company (NBFC) announced its October-December quarter business updates. Bajaj Finance’s stock rose 0.32 per cent to Rs 7411.50 on Friday, compared to the previous closing of Rs 7387.80 on the BSE. A total of 0.43 lakh shares of the company changed…
Adani Wilmar, which sells edible oils and other food products, reported a 6% yearly increase in sales volumes and a 33% increase in revenue in the December quarter. Adani Wilmar, founded in 1999 by the Adani Group and the Singapore Wilmar Group, primarily promotes its goods under the Fortune brand name. Adani Group recently announced…
Nykaa’s parent company, FSN E-Commerce Ventures, saw its shares soar by 5.3% in intraday trade on Monday, January 6, reaching a 2-week high of ₹176.60 per share. This strong response from investors comes after the company released its Q3 FY25 business update on January 5. Q3 Update The company announced a strong performance in Q3…
ITC shares are now trading ex-demergers, meaning their value is no longer based on the hotel business. ITC Hotels’ share price has been set at ₹455.60 during a special trading session on BSE and NSE. ITC’s share price increased by ₹26 or 5.4% to ₹455.60 on NSE and ₹27 or 5.6% to ₹455 on BSE….
Dolly Khanna, a renowned investor, carefully added the small-cap firm Indian Metals & Ferro Alloys (IMFA) to her portfolio in the quarter ending December 31, 2024. She bought 1.16% of the company’s stock, or 623,464 shares. Over the last year, shares of Indian Metals & Ferro Alloys have risen by about 80%, outperforming the Nifty…
The Securities and Exchange Board of India (SEBI) has issued an administrative warning to JM Financial for regulatory non-compliance during its client Western Carrier’s initial public offering (IPO). The investment banking firm’s shares fell 2.3% to settle at Rs 129.90 on the NSE after it informed the stock exchanges about the SEBI letter on Friday….