Budget 2020

Market Movers: Metal stocks soar, SRF slumps; 39 scrips give buy signals

MUMBAI: Benchmark equity indices ended higher for the second successive session today, helped by strong cues from global markets and rise in some index heavyweights. The optimism was also aided by hopes that the ongoing second wave of Covid-19 in India may soon see its peak and that vaccination may increase in the coming weeks […]

Budget 2020

Sensex rallies over 600 points in early trade

While, the 30-share BSE index reclaimed the 50,000-level, the NSE surged 1.14 per cent Market benchmark Sensex rallied over 600 points in early trade on Thursday, April 29, 2021, driven by gains in index majors Reliance Industries, HDFC twins and Infosys amid a positive trend in Asian equities. The 30-share BSE index reclaimed the 50,000-level […]

Budget 2020

Tata Motors surges as company says JLR will report significant free cash flow in Q4

MUMBAI: Tata Motors’ biggest revenue generator Jaguar Land Rover is confident of reporting significant free cash flows for the quarter ended March and break-even on a cash flow basis for the financial year ended March 31, the company said in an exchange filing. Investors cheered the company’s update as the stock jumped, reacting to the […]

Budget 2020

Regulator asks NSE to fix individual responsibilities for tech glitch on February 24

Mumbai: The Securities and Exchange Board of India (Sebi) has asked the board of National Stock Exchange (NSE) to determine why the exchange’s management failed to shift to the disaster recovery site within the specified time frame on February 24, when trading halted for nearly four hours due to technical glitch. The regulator has asked […]

Budget 2020

Sensex jumps over 100 points in early trade

Equity benchmark Sensex jumped over 100 points in opening trade on Friday tracking gains in index majors Infosys, Reliance Industries and HDFC Bank amid persistent foreign fund inflows. The 30-share BSE index was trading 141.75 points or 0.28 per cent higher at 51,673.27, and the broader NSE Nifty advanced 36.50 points or 0.24 per cent […]

Budget 2020

Sensex jumps over 100 points, Nifty tests 15,150

Bharti Airtel, Reliance Industries, Bajaj Finserv, Bajaj Finance and SBI were among the top gainers in the Sensex pack, rising up to 2 per cent. Equity benchmark Sensex jumped over 100 points in opening trade on Thursday largely tracking gains in index-heavyweight Reliance Industries and a positive trend in global markets. After opening on a […]

Budget 2020

Reliance Jio Q3 results: Net profit rises 16% QoQ; ARPU rises to Rs 151, beats estimates

MUMBAI: Reliance Industries subsidiary Reliance Jio Infocomm today reported a net profit of Rs 3,291 crore, which was 16 per cent higher than the previous quarter, with revenues rising 6 per cent to Rs 18,492 crore. The country’s largest telecom operator by subscriber base reported average revenue per user of Rs 151, which was higher […]

Budget 2020

NSE-BSE bulk deals: Albula Investment buys 3.4% stake in Vikas Multicorp

MUMBAI: Albula Investment Fund bought 22.5 million shares or 3.4 per cent stake in Vikas Multicorp at Rs 4.75 apiece through two separate bulk deals on the National Stock Exchange and the BSE. Albula Investment bought 12.5 million shares of the company on the BSE at Rs 4.75 per share. It also bought 10 million […]