UBS reiterated its Nifty target of 9,200 by December as it expects growth to gather steam
In ITC, LIC has invested Rs 38,358.66 crore, according to Capitaline data.
The Reserve Bank's of India's (RBI's) decision to increase the key short-term interest rates by 25 basis points has been termed as in-line with the street expectations by marketmen.
Fund managers and analysts believe a lot would depend on the outcome of the Reserve Bank of India's rate-setting meeting on 3rd May.
Congress president Mallikarjun Kharge on Friday said the views of the newly-elected MLAs in Himachal Pradesh were being sought to bring out a consensus on who will be their leader.
There are many, many, ways to promote a film, but the producers of Jug Jug Jeeyo have hit the innovation jackpot.
During enquiry, it was found that a quarrel had taken place allegedly between Sushil Kumar, Ajay, Prince Dalal, Sonu, Sagar, Amit Kumar, and others in the parking area of the Chhatrasal Stadium in North Delhi.
As commendable her confidence is, Janhvi's metamorphosis from bechari to bold is slight, observes Sukanya Verma.
Small stocks of Dalal Street grappled with turbulent times in 2022 as high volatility and higher interest rate regime sapped investors' appetite for these scrips but the horizon ahead seems less cloudy for the New Year. While the 30-share Sensex scaled multiple record peaks with bluechips glittering, small stocks underperformed and the BSE smallcap index declined more than 3 per cent this year. In comparison, the BSE Sensex climbed 2,673.61 points or 4.58 per cent till December 27.
Investor wealth worth over Rs 13.44 lakh crore was wiped off on Thursday as the domestic equity markets tumbled along with global risk assets, after Russia launched military operations against Ukraine. Amid intensifying rout in the global financial markets, the 30-share BSE Sensex plummeted 2,702.15 points or 4.72 per cent to end at 54,529.91. The carnage on Dalal Street eroded investor wealth worth Rs 13,44,488.54 crore, taking the total market capitalisation (m-cap) to Rs 2,42,24,179.79 crore on the BSE.
Investors want lower securities tax, tax breaks on equity investments.
Afsar Dayatar/Rediff.com brings us scenes from the Jug Jugg Jeeyo trailer launch.
The insatiable greed for money and power is too large, too repugnant to thwart. And no one epitomised that better than Harshad Mehta, notes Dhruv Munjal.
Investors added more than Rs 10.56 lakh crore to their wealth as markets continued their rally for the sixth straight session on Thursday. The BSE Sensex went past 61,000-mark for the first time ever on Thursday. It jumped 568.90 points or 0.94 per cent to its new closing peak of 61,305.95.
Oil, banks eneded the day in green while few in auto sector lost heavily.
Markets crashed due to domestic worries; bluechip stocks tanked too.
While many are sweating in the current environment, Rakesh Jhunjhunwala's portfolio has done well and seen new additions.
Photographer Pradeep Bandekar keeps us updated about what's been happening so far today.
After the age of 35, women need to take extra care of their mental and physical health.
The announcement made by Sebi chairman M Damodaran that new rules on Offshore Derivatives Instruments such as PNs have come into effect in-line with the proposals made last week has put to rest all the confusion over the whole issue and normalcy is set to return to the bourses, a broker said.
Rediff.com Contributing Photographer Pradeep Bandekar encountered these stars over the weekend.
A family man, a confident investor, someone who was sure two decades ago that India and its stock market were going to boom. T N Ninan recalls his chats with Rakesh Jhunjhunwala.
Global markets trends, inflation, release of industrial output data and quarterly earnings will dictate movement of the equity benchmarks this week, analysts said, adding that volatility might continue amid slew of announcements of macroeconomic data at the global level too. Moreover, foreign fund movement, crude oil prices and trend in rupee would also act as major drivers for the equity market, they added. "The direction of global equity markets along with movement in dollar index and crude oil prices will continue to dominate while inflation numbers of the USA on May 11 and inflation and IIP numbers of India on May 12 will also cause volatility in the market," said Santosh Meena, head of research, Swastika Investmart Ltd.
SoftBank founder Masayoshi Son on Tuesday said its portfolio company Swiggy is expected to deliver "good returns" if the food delivery platform were to go public. Speaking at a post-earnings presentation for SoftBank, Son said one of Swiggy's rivals has recently gone public and its share price is doing great. Last month, Zomato made a stellar debut on Dalal Street with its shares zooming nearly 53 per cent against the issue price of Rs 76, and its market valuation crossing the Rs 1-lakh-crore mark.
Police said around half-a-dozen dumper trucks and some machines were buried under the debris caused by the landslide which occurred around 9 am in Tosham block.
Amit Gupta, MD, Sag Infotech, answers your personal income tax queries.
Hansal Mehta's nine-hour drama series Scam 1992 needs to be viewed by everyone, young and old, recommends Moumita Bhattacharya.
The Russia-Ukraine conflict, which has spooked financial markets globally, will set the tone for Dalal Street this week amid concerns over energy prices and foreign fund outflows, analysts said. Participants will also track key macroeconomic signals like GDP estimates and PMI data for manufacturing and services sectors to be announced this week, they added. "With earnings season behind us and given the overall sentiments, markets are expected to move in sync with global peers in the coming week. "A close eye will be kept on the developments concerning the Russia - Ukraine crisis and considering the inflation overhang, market participants will also observe movements in energy prices," said Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities Ltd.
Bajaj Finserv was the top gainer in the Sensex pack, soaring around 8 per cent, followed by Tata Steel, Tech Mahindra, Bajaj Finance, HDFC Bank and SBI.
Ajit Balakrishnan on keeping an eye on democratising finance in India.
The bull market peak came in March 2015, at a Nifty intra-day value of 9,119.
IT services major Wipro on Wednesday posted a consolidated net profit of Rs 2,969 crore for the December 2021 quarter, and said it has logged strong performance in revenues and order bookings. The net profit attributable to shareholders in the year-ago period had stood at Rs 2,968 crore, according to a regulatory filing by Wipro. On a sequential basis, its net profit was up 1.3 per cent, it added.
As the actress celebrates her 33rd birthday on May 1, Namrata Thakker takes a peek into her AMAZING life through her Instagram feed.
Markets have gone into a tailspin, the Modi govt must revive investment sentiment.
FIIs pour $2 bn in January; flows into India equity funds hit 54-week high; doubts on sustainability persist.
In the state of the economy report, the RBI said bond vigilantes could undermine the recovery, unsettle financial markets, and trigger capital outflows from emerging markets.
The US Fed interest rate decision, domestic macroeconomic data announcements and ongoing quarterly earnings are some of the major factors that will drive the stock markets in a holiday-shortened week, analysts said. Besides, monthly auto sales numbers and the LIC IPO will also remain in focus, they added. Equity markets will remain closed on Tuesday for Id-Ul-Fitr (Ramzan Id). "The market is likely to kick off this week on a sombre note after a sharp fall in the US market then the focus will shift to the outcome of the US FOMC meeting, which is crucial amid record inflation and growth worries.
Analysts believe the measures are forward-looking as they focus mainly on the middle class and lower middle class segments, with the central bank classifying home loans below Rs 20 lakhs (Rs 2 million) in the priority sector. "The RBI's step of reducing both repo and reverse repo rates by 100 basis points is in line with the market expectations.
'I still remember meeting this kid in Goa! Long hair, big dreams in his eyes and a swag that was waiting to explode on celluloid!'
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