Quarterly earnings, global trends and trading activity of foreign investors will drive stock markets in this holiday-shortened week, analysts said. It will be a trading holiday on January 22, with the Maharashtra government announcing a holiday in connection with the consecration of the Ram Temple in Ayodhya. Equity markets wouldRead More

Sensex climbs 496.37 points to settle at 71,683.23 on Friday’s trading session, Nifty surges 160.15 points to 21,622.40. The positive movement was attributed to buying in heavyweight stocks and a firm trend in global markets, helping the indices recover from three consecutive days of losses. The 30-share BSE Sensex gainedRead More

Domestic equity benchmark the Sensex and the Nifty reeled under selling pressure to trade over a percent down on January 17 afternoon. The sharp fall was triggered by a selloff in banking stocks led by the bellwether HDFC Bank. Around noon, the Sensex was down 1,231.38 points or 1.68 percentRead More

All eyes are on Jio Financial Services as it will announce its December quarter results on January 15. This will be the NBFC’s second-ever quarterly results announcement after its listing in August 2023. For the July-September period, Jio Financial Services had reported a net profit of Rs 668 crore, aRead More

Stock market this week: Dalal Street ended the last week on fresh closing highs supported by better-than-expected Q3 numbers reported by IT giants TCS and Infosys. Markets also got support from the World Bank’s Global Economic Prospects report which retained India’s economic growth forecast at 6.3 per cent for theRead More

Indian Railway Finance Corporation Ltd (IRFC) shares surged in Thursday’s trade to scale their fresh one-year high level. The stock jumped 6.06 per cent to hit a 52-week high of Rs 109.30 over its previous close of Rs 103.06. The multibagger scrip has rallied over 238 per cent in theRead More

More than 1,000 domestic and international flights in the United States were canceled Tuesday as extreme weather pummeled the country from coast to coast. With more than 70 flights called off, Chicago O’Hare International Airport had the most cancellations, according to FlightAware, a flight tracking website. Ronald Reagan National AirportRead More

Shares of TD Power Systems Ltd have delivered multibagger returns in the last three years. The power sector stock, which closed at Rs 29.21 on January 8, 2021 surged to a high of Rs 287.50 in the current session, clocking 884.25% returns during the period. In comparison, Sensex has surgedRead More

Mercedes Benz’s investment plans: The German-automaker Mercedes Benz will invest $24 million in India in 2024 and launch new cars, including electric vehicles (EVs), prioritising costlier models that have witnessed strong demand from the country’s young, and affluent demographic, said Santosh Iyer, Managing Director of Mercedes Benz’s India operations. MoreRead More

New Delhi: Foreign Portfolio Investors (FPIs) continued their buying spree and poured close to Rs 4,800 crore in the Indian equity markets in the first week of January driven by confidence in the country’s robust economic fundamentals. Additionally, they injected Rs 4,000 crore in the debt market during the periodRead More