Bank shares were the top losers along with index heavyweight RIL
Tech Mahindra was the top gainer in the Sensex pack, jumping over 5 per cent, followed by Bajaj Finance, Bharti Airtel, Bajaj Finserv, L&T, Tata Steel and Infosys. NSE Nifty surged 191.95 points to 15,824.05.
Sensex rises, Nifty ends at record high; RIL shares rally.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Ajit Mishra, vice president, research, Religare Broking, answers your stockmarket queries.
A lot of mid and small-caps are in the bubble zone and command high valuation and have corrected sharply.
Indian CEOs might like to make some serious course correction.
Corporate earnings grew in double digits during the April-June 2022 (Q1FY23) quarter but the momentum waned. Overall corporate earnings in the quarter were down sharply from their highs in FY22. The combined net profit of 2,981 listed companies across sectors in the Business Standard sample was up 22.4 per cent YoY to Rs 2.24 trillion in the June quarter, driven by a big jump in the earnings of banks, non-banking lenders, oil & producers, and FMCG companies. Also, earnings in the corresponding quarter a year ago were affected because of the second wave of the Covid pandemic, even though the numbers were a lot better than Q1FY21 when there was a nationwide lockdown.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Reading books will make you curious, build your imagination and nourish your brain into an organic super power.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The India Meteorological Department on Tuesday said the monsoon this year is expected to be 'above normal.'
The $2.25-billion Godrej Group is considering leasing its flagship name to group companies for a royalty fee, a model similar to the one adopted by Tata Group, India's largest conglomerate.
30 companies belonging to the Tata group are listed and have a combined market cap of 478,659 crore.
So which sectors are likely to do well in 2022? Should you focus on domestic economy-related sectors or export-oriented ones?
What will be the impact on the Euro itself? Will it devalue and to what extent?
While some companies used that to become world leaders, others squandered it by over-borrowing.
As the economic crisis in Sri Lanka - the world's largest exporter of orthodox tea - continues to rage across the island nation, tea producers in India look to cash in on the opportunity to seize the market. The country's largest tea growing company, McLeod Russel India, expects orders to come in from July. "A huge opportunity is coming up for everyone in India. "McLeod Russel is well placed because we have the capacity for orthodox tea," said Azam Monem, director, McLeod Russel. About 10 per cent of McLeod's production is orthodox tea.
In a letter to the Business School community on Wednesday, Nohria said he will step down from the position of dean of the Harvard Business School (HBS) on June 30, 2020, after a decade in the role.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
TCS still ace in the pack
Titan was the top gainer in the Sensex pack, rising over 3 per cent, followed by M&M, Reliance Industries, Axis Bank, TCS, Maruti and Infosys. NSE Nifty surged 122.10 points to 15,885.15.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
She faced off against former disciple-turned-defector Suvendu Adhikari in a very different contest. It's not land acquisition, but an ego clash that has acquired, tragically, communal overtones, explains Kanika Datta.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
At current prices, the downstream petrochemical industry production is expected to increase from $15-$18 billion currently to $30-35 billion over the next 5-7 years.
The broader markets, however, outperformed the benchmark indices -- BSE Midcap and Smallcap indices ended up 0.6%-1%.
The reasons may not appear compelling, but an alliance with Dow Chemical could help RIL. Here are the reasons.
Around 75 per cent, or 372 stocks, that are part of the BSE500 are trading at least 10 per cent below their all-time high levels, despite the index hitting a record high 20,515 points on the BSE in intra-day trade on Wednesday, surpassing its previous high of 20,390 touched in March 12. The index, which accounts for 93 per cent of BSE listed companies' market capitalisation, has gained 8 per cent from its recent low of 18,983, touched on April 19. In comparison, the benchmark S&P BSE Sensex gained 6 per cent over the same period, but is still nearly 4.5 per cent away from its all-time high of 52,517 that it hit on February 16.
Nandigram may have turned into a war zone once more but the industry feels that the issue is national. Despite the current crisis being a turf war between the political parties, the genesis of the issue is land acquisition for a chemical hub project. Harsh K Jha, president, Indian Chamber of Commerce and MD of Tata Metaliks, said Nandigram per se may be a state issue but it has affected the investment climate and land acquisition across the country.
This will be the biggest outbound acquisition by India Inc this year.
'The growth drivers are mostly invisible, but the growth is undeniable at least for now,' notes Debashis Basu.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
Strong gains in metal, energy, auto and power shares lifted the key indices to new highs.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Index heavyweights were the top losers along with bank shares.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
