Stock Market: News
Jio Financial shares skyrocket 15%: Is Reliance acquiring crisis-hit Paytm?
Jio Financial Services (JFS) shares jumped almost 15% on Monday as reports emerged that the demerged firm from Reliance Industries is looking to acquire Paytm's wallet business.
Tata Motors shares hit record high: What's fueling rally
Tata Motors's stock soared over 7% today, reaching an all-time high after announcing impressive earnings for the October-December 2023 quarter.
Hyundai India plans to launch IPO this Diwali
Hyundai is considering taking its Indian subsidiary, Hyundai Motor India (HMIL), public in what could be India's largest initial public offering (IPO) ever.
IndiGo's Q3 profit surges 111% to nearly Rs. 3,000 crore
IndiGo's parent company, InterGlobe Aviation Ltd., recorded a 111% YoY increase in net profit during Q3 FY24, reaching Rs. 2,998 crore.
Delhivery's Q3 revenue up 20% YoY to Rs. 2,194 crore
Delhivery has announced a net profit of Rs. 11.7 crore for the quarter ending in December 2023.
Tata Motors reports two-fold jump in Q3 FY24 net profit
Tata Motors has reported a whopping Rs. 7,025 crore net profit for the October-December quarter, doubling from Rs. 2,957.71 crore during the same period last year.
Sensex gains 440 points, Nifty settles above 21,850 mark
On Friday, the benchmark Sensex and Nifty indices saw gains.
Reliance becomes the most valuable company in India
Reliance Industries' shares soared to new heights today, driving its market capitalization past Rs. 20 lakh crore.
Nifty touches all-time high of 22,126 points: What's driving rally?
Today (February 2), the Nifty 50 index soared 2%, reaching a record high of 22,126.80 points during intraday trading.
Following RBI curbs, Paytm shares fall 20% for second day
Paytm's shares hit lower circuit for the second consecutive session today, dropping 20% to Rs. 487.20. The two-day losses have wiped out $2 billion from its market value.
Sensex falls over 100 points, Nifty ends below 21,700 mark
The stock market closed on a flat note on Thursday with the Sensex ending the day in red at 71,645.30 points and Nifty closing at 21,697.45 points.
23andMe's valuation down 98%, might be delisted from NASDAQ
Once a $6 billion company, 23andMe, a direct-to-consumer DNA testing firm, now faces an uncertain future.
RBI's crackdown on Paytm Bank raises concerns of license revocation
There seems to be no end to bad news for Paytm Payments Bank Limited (PPBL).
BoB stocks surge to all-time high on strong Q3 results
Bank of Baroda shares rallied over 4.25% today, reaching an all-time high of Rs. 249.65. The movement was driven by the lender's strong Q3 results.
Sensex gains over 610 points, Nifty settles above 21,725 mark
On Wednesday, the stock market had a bearish opening but the benchmark Sensex and Nifty indices witnessed a surge.
Tata Motors zooms past Maruti as India's most valuable automaker
Tata Motors has surpassed Maruti Suzuki in market capitalization thanks to a 5% increase in its share prices today.
Why foreign funds are opposing SEBI's instant settlement plan
Foreign Portfolio Investors (FPIs) are concerned about the Securities and Exchange Board of India's plan to introduce new trade settlement plans in equity markets.
Sensex falls over 800 points, Nifty settles near 21,520 mark
On Tuesday, the benchmark Sensex and Nifty indices witnessed a slump.
Tata Investment shares rally 20% to hit all-time high
Tata Investment Corporation's stock soared to an all-time high on Tuesday, with shares skyrocketing 20% after the company revealed a substantial boost in net profit for Q3 of FY24.
India's FII outflows hit record high this January: Here's why
In January, India's equity markets saw the largest outflows in Asia, with foreign institutional investors (FIIs) withdrawing $2.62 billion from Indian exchanges.
Bajaj Finance's Q3 net profit climbs 22.4% to Rs. 3,639cr
Bajaj Finance has posted a 22.4% increase in consolidated net profit for the October-December quarter of the present fiscal year.
SpiceJet gains nearly 4.5% on securing Rs. 900 crore funding
SpiceJet shares surged nearly 4.5% today as the low-cost carrier secured over Rs. 900 crore in funding.
Bharat Petroleum's Q3 profit increases 73% to nearly Rs. 3,400cr
Bharat Petroleum Corporation Ltd (BPCL) has announced a 73.4% increase in net profit for the quarter ending December 2023, reaching Rs. 3,397.30 crore.
Sensex gains over 1,240 points, Nifty settles near 21,740 mark
On Monday, the stock market closed on a bullish note. The Sensex gained 1,240.9 points or 1.76%, to settle at 71,941.57 points, while the Nifty climbed 385 points or 1.8%, closing at 21,737.6 points.
Reliance shares hit record high, m-cap crosses Rs. 19L crore
Reliance Industries's stock soared to an all-time high on Monday, pushing the company's market capitalization past Rs. 19 lakh crore for the first time ever.
China Evergrande, with $300B in debt, ordered to liquidate
A Hong Kong court has ordered the liquidation of China Evergrande Group, the world's most indebted property developer with over $300 billion in liabilities.
Tesla's valuation plummets $80bn after Musk warns of slowing sales
Tesla's stock took a nosedive of over 12% on Thursday, causing a staggering $80 billion loss in market value.
Adani Power's Q3 net profit soars to Rs. 2,738 crore
Adani Power reported a surge in its consolidated net profit for Q3 FY24, reaching a whopping Rs. 2,737.96 crore.
Zee quits $1.4bn cricket TV rights deal with Walt Disney
Zee Entertainment has reportedly backed out of a deal with Walt Disney, to acquire cricket TV rights for an estimated $1.4 billion, according to Reuters.
PNB's Q3 profit surges three-fold to over Rs. 2,200 crore
Punjab National Bank (PNB) has reported a significant increase in its profit for the quarter ended December 2023.
Sensex slips 360 points, Nifty holds 21,350 mark
On Thursday, the benchmark Sensex and Nifty indices were on a downward trend. While the former plunged 0.51% to end at 70,700.67 points, the latter fell 0.47% to close at 21,352.60 points.
HPCL tanks 5% as Q3 profit and revenue miss estimates
Hindustan Petroleum Corporation Limited (HPCL) recorded a net profit of Rs. 529 crore in Q3, a threefold increase YoY but nearly 90% drop from Q2.
DLF shares gain 4% as Q3 net profit rises 27%
DLF saw its share prices jump 3.8% in early trading today, after announcing a 26.6% year-over-year increase in consolidated net profit for the quarter ending December 2023.
Sensex climbs 690 points, Nifty settles above 21,450 points
On Wednesday, the stock market had a bearish opening but the benchmark Sensex and Nifty indices witnessed a late surge.
SoftBank sells 2% stake in Paytm in first profitable sale
Japanese investment giant SoftBank has sold a 2% stake in Paytm's parent company One97 Communications Ltd., raking in over $200 million.
Amidst plummeting stocks, China restricts shorting of stock index futures
China's stock market regulators have directed some hedge fund managers to limit short selling in the nation's stock index futures market in an effort to stabilize plummeting stocks.
ICICI Bank shares hits record high despite market downturn
ICICI Bank's stock on Tuesday jumped to a record high of Rs. 1,067.40 on the BSE.
Sugar stocks down in India on production worries
India's sugar production has seen a decline compared to last year.