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[hfe_template id='11223'] [ad_1] Indian benchmark equity indices, Sensex and Nifty, opened lower on Friday as investor sentiment weakened amid escalating tensions between India and Pakistan. Selling pressure was seen across all sectors. The BSE Sensex was down 971.41 points or 1.21 points at 79,363.40, while the Nifty50 declined 292.7 points or 1.21% to 23,981.1 around 10:08 am. The market capitalisation of all listed companies on BSE declined by Rs 4.95 lakh crore to Rs 413.55 lakh crore. The situation remains tense following India’s precision missile strikes on May 6–7, which reportedly targeted and destroyed nine terror camps in Pakistan and Pakistan-occupied Kashmir. Meanwhile, on Thursday night, multiple explosions were reported in Jammu after Pakistan launched drone and missile attacks. This marked the second straight day of cross-border clashes, which have reportedly claimed nearly four dozen lives. Live Events Despite the geopolitical tensions, foreign portfolio ...

[hfe_template id='11223'] [ad_1] Indian benchmark indices Sensex and Nifty ticked higher on Tuesday, as the Reserve Bank of India's (RBI's) liquidity-enhancing measures helped counter weak global cues triggered by U.S. President Donald Trump's continued criticism of the Federal Reserve chair Jerome Powell. The BSE Sensex was up 205 points, or 0.26%, at 79,613, while the Nifty50 rose 52 points, or 0.21%, to 24,177 around 9:36 am. From the Sensex pack, Eternal, Kotak Mahindra Bank, Tata Steel, HDFC Bank, and Bajaj Finance were among the top gainers, rising up to 3.4% in early trade. In contrast, IndusInd Bank, Infosys, Power Grid, Asian Paints, and HCL Tech opened in the red. Nifty Bank stocks gained up to 1.4% after the RBI directed lenders to assign a lower-than-proposed buffer rate of 2.5% on digitally accessible deposits, with a one-year compliance window — the latest move in its regulatory easing efforts. Meanwhile, IT stocks such as Infosys, HCL Tech, Wip...

[hfe_template id='11223'] [ad_1] Indian benchmark equity indices Sensex and Nifty50 traded lower on Friday led by losses in M&M and Infosys. However, markets may see intraday fluctuations amid foreign inflows and optimism over a domestic growth rebound. The BSE Sensex was trading 256 points, or 0.33%, lower at 77,361. The Nifty50 was up 67 points, or 0.27%, trading at 23,524 around 9:38 am. Foreign portfolio investors (FPIs) bought Indian shares worth Rs 11,111 crore on Thursday, the highest for a day in six months, provisional data showed. FPIs have been buying in India for six straight sessions after an intense sell-off from late September 2024 when benchmark indices hit lifetime highs. From the Sensex pack, M&M, Infosys, Power Grid, Sun Pharma, HCL Tech, and TCS were the top laggards, declining up to 3.5%. On the other hand, HUL, Nestle India, Kotak Bank, Tata Motors, Asian Paints, and Tata Steel opened with gains. Live Events Among individual stocks, BSE Ltd....

[hfe_template id='11223'] [ad_1] Markets showed volatility during the special trading session for the Union Budget and ultimately closed flat. In today's trade, shares of Power Grid, Divi's Labs, RIL, ITC, Anant Raj among others will be in focus due to various news developments and third quarter results. Power Grid, Divi's Labs, General Insurance Corp, Tata Chemicals Shares of Power Grid, Divi's Labs, General Insurance Corp and Tata Chemicals will be in focus as the companies will announce their quarterly results today. Happiest Minds Happiest Minds acquired the Middle East business of Gavs Technologies for $1.7 million. The transaction is expected to be completed by March 2025. RedTape Shares of RedTape will be in focus as the shoe manufacturer's record date for the 3:1 bonus share issue is February 3. GR Infra GR Infra posted a 8% YoY growth in its net profit at Rs 262 crore in the third quarter. However, revenues were down 21% to Rs 1694 crore. Ana...

[hfe_template id='11223'] [ad_1] The third quarter earnings season is underway and about 104 companies will announce their results on Tuesday. Key results to watch out include from Power Grid, Divi's Labs, General Insurance Corp and Tata Chemicals. Apart from the above, companies like Gland Pharma, Aditya Birla Capital, KPR Mill, KEC International, Premier Energies, Sky Gold, Stove Kraft, Welspun Enterprises and a few others will also declare their quarter results. Power Grid Q3 expectations State-owned Power Grid is likely to report modest numbers in the third quarter ended December 2024, reflective of the modest capitalization on expanded asset base.Kotak Equities estimates profit to rise by a marginal 0.6% year-on-year (YoY), while revenues are expected to decline nearly 1% YoY. On a standalone basis, Motilal Oswal sees revenue growing 7% YoY to Rs 11,400 crore. Meanwhile, EBITDA is expected to improve 5% YoY to Rs 9900 crore. In the preceding second quarter, Powe...

[hfe_template id='11223'] [ad_1] Indian blue-chip equity indices, the Sensex and Nifty50, reversed their early gains and traded in the red on Friday. While IT stocks gained after TCS met its quarterly profit estimates, the gains were offset by declines in index heavyweight Reliance Industries and banking and financial stocks. The BSE Sensex was trading 217 points, or 0.28%, lower at 77,403. The Nifty50 was down 79 points, or 0.34%, trading at 23,447 around 9:41 am. From the Sensex pack, TCS, Tech Mahindra, Infosys, HCL Tech, and M&M were the top gainers, rising by up to 5% in early trade. Meanwhile, IndusInd Bank, NTPC, Zomato, Power Grid, and SBI opened lower. Tata Consultancy Services posted roughly in-line third-quarter results, marking the start of the earnings season. The company also provided encouraging signs about the revival of client spending, particularly in the key U.S. market, as expected by the street. Meanwhile, IndusInd Bank dropped over 2% and became...

[hfe_template id='11223'] [ad_1] Shares of Hitachi Energy climbed about 10% on Monday to Rs 12,812 on BSE after the company secured a project order from Power Grid Corporation in partnership with state-owned engineering firm BHEL. The order is to design and execute the 800kV, 6,000 MW, 1,200 km High Voltage Direct Current (HVDC) terminal stations to evacuate renewable energy from Khavda in Gujarat to Nagpur in Maharashtra, the company filing said. This project is part of the interstate transmission system (ISTS) for evacuating 8 GW of renewable energy under Phase V: Part A from the Khavda Renewable Energy Zone in Gujarat, feeding into the country's 500 GW renewable evacuation and transmission plan. Expected to be executed by 2029, the project crosses 1,200 km and feeds into a 500 GW renewable evacuation and interstate transmission system. The order was awarded by Power Grid Corporation of India on behalf of its Project SPV (special purpose vehicle) company. Also read...

[hfe_template id='11223'] [ad_1] Indian benchmark equity indices Sensex and Nifty50 opened marginally higher on Thursday, led by index heavyweights HDFC Bank, RIL, and IT stocks, amid in-line US inflation data boosted expectations of a Federal Reserve rate cut in December. The BSE Sensex was trading 111 points, or 0.14%, higher at 77,801. The Nifty50 was up 32 points, or 0.13%, trading at 23,590 around 9:20 am. The US consumer inflation, released after market hours on Wednesday, rose to 2.6% in October from a year ago, up from 2.4% in September, the Labor Department said in a statement. This increase was aligned with analysts' forecasts. Markets are now pricing in an 83% chance of a 25bp rate cut from the Fed next month, up from about 59% a day ago. However, expectations of Fed cuts next year following Trump's election victory last week have since been pared back. From the Sensex pack, HCL Tech, NTPC, SBI, Reliance, Asian Paints, and HDFC Bank opened with gains, ...

[hfe_template id='11223'] [ad_1] Domestic market extended its rebound, gaining over 1% amid positive global cues. In today's trade, shares of Tata Steel, M&M, Trent, Blue Star, Hindalco among others will be in focus due to various news developments and second quarter results M&M, Trent, NHPC, Page Industries Shares of M&M, Trent, NHPC and Page Industries will be in focus as the companies will announce their second quarter results today. Tata Steel Shares of steel major Tata Steel Ltd will be in focus today after the company turned to black in the quarter ended September 2024. The company had posted a loss in the last year period. Read more: Here's the trade setup for today's session Power Grid State-owned Power Grid on Wednesday reported a flat consolidated net profit at Rs 3,793 crore in the quarter ended September 2024, compared with Rs 3,781 crore in last year's quarter. Stock Trading A2Z of Stock Market for Beginners: Stock Market Course F...