Stock Market: News
Stake of foreign investors in Indian stocks hits 10-year low
Foreign portfolio investors (FPIs) saw their combined stake in Indian stocks drop to a 10-year low of 16.3% in January 2024, as revealed by ICICI Securities.
Sensex gains over 300 points, Nifty settles near 22,200 mark
On Tuesday, the benchmark Sensex and Nifty indices showed an upward trend.
Tips Industries' stock delivers 14,316% return in a decade
In last 10 years, Tips Industries, an entertainment company, has seen its stock price skyrocket from Rs. 3.60 apiece to Rs. 519, providing shareholders with a 14,316% return.
Sensex slips to 72,790 points, Nifty settles above 22,120 mark
On Monday, the benchmark Sensex and Nifty indices witnessed a fall. The Sensex plunged 0.48% to 72,790.13 points, while the Nifty fell 0.41% to 22,122.05 points.
Sensex ends flat, Nifty settles near 22,200
The stock market on Friday ended on a sluggish note as Sensex fell 15.44 points to 73,142.80 points. Nifty stood at 22,212.70 points, down 4.75 points.
Jio Financial Services's market cap crosses Rs. 2 lakh crore
Jio Financial Services Ltd. has reached a market capitalization of over Rs. 2 lakh crore for the first time, thanks to a 35% increase in its share price this year.
NVIDIA crushes records, gains $277B in m-cap in single day
NVIDIA posted a fourth-quarter revenue of $22.1 billion, a huge leap from last year's $6.05 billion, and surpassing estimates of $20.62 billion.
Reddit offering shares to top 75,000 users ahead of IPO
Good news for Reddit enthusiasts!
Sensex climbs over 530 points, Nifty closes above 22,200 mark
On Thursday, the benchmark Sensex and Nifty indices saw gains. While the former rose 0.74% to 73,158.24 points, the latter jumped 0.74% to 22,217.45 points.
Sensex falls over 430 points, Nifty retains 22,000 mark
On Wednesday, the benchmark Sensex and Nifty indices witnessed a fall. The former plunged 0.59% to 72,623.09 points, while the Nifty fell 0.64% to 22,055.05 points.
Sensex regains 73,000 mark, Nifty closes at all-time high
On Tuesday, the benchmark Sensex and Nifty indices showed an upward trend.
Best IPO of 2024: Vibhor Steel debuts at 181% premium
Vibhor Steel Tubes, a producer and exporter of various steel products, made a remarkable debut today. Its shares got listed at 181% premium over the initial public offering (IPO) price.
Sensex gains over 280 points, Nifty settles above 22,120 mark
On Monday, the benchmark Sensex and Nifty indices saw gains.
Nifty 50 hits all-time high of 22,150
Nifty 50 has hit an all-time high of 22,150.75 in today's session. At the time of writing, it retracted a little to 22,123 points, up 82.5 points or 0.36% from its last closing.
Paytm stock rises 5% after Axis Bank deal, extended deadline
Paytm stock surged 5% today, reaching the upper circuit for the second day in a row after the company revealed a partnership with Axis Bank to handle merchant payments.
Sensex gains 376 points, Nifty settles near 22,040 mark
On Friday, the benchmark Sensex and Nifty indices showed an upward trend.
Tata Group plans spin-off and listing of its battery business
Tata Group is considering the possibility of spinning off its battery business, Agratas Energy Storage Solutions Pvt., into a separate entity.
Sachin Bansal's Navi Finserv to raise Rs. 600cr through NCDs
Sachin Bansal, co-founder of Flipkart, is set to raise up to Rs. 600 crore for his fintech start-up Navi Finserv through a new bond issue of Non-Convertible Debentures (NCDs).
NSE announces special trading session on March 2
The National Stock Exchange will conduct a special trading session on March 2 (Saturday) with an intra-day switch over to the disaster recovery site.
Travel aggregator Ixigo files for Rs. 120 crore IPO
LE Travenues Technology, which runs travel portal Ixigo, has submitted fresh draft papers to Securities and Exchange Board of India (SEBI) for its initial public offering (IPO).
Mahindra's Q3 net profit jumps 61% YoY to Rs. 2,454cr
Mahindra and Mahindra (M&M) saw a 61% YoY increase in standalone net profit for the quarter ended December 31, reaching at Rs. 2,454 crore.
Bezos sells $4B worth of Amazon stock in 4 days
Jeff Bezos, Amazon's founder, has sold 24 million shares, earning over $4 billion.
Paytm shares tumble to 52-week low, down 65% from highs
Paytm's stock dropped over 9% again in early trading today, falling below Rs. 350 mark as troubles persist for parent company One97 Communications.
Why Nifty and Sensex are trading in red today
Indian stocks faced a substantial drop today, influenced by the downturn in US markets last night.
Eicher Motors's Q3 net profit rises 34% to Rs. 996cr
Eicher Motors has reported a 34.43% year-over-year increase in net profit, reaching Rs. 995.97 crore for the December quarter.
With $1.78T valuation, NVIDIA surpasses Amazon's market capitalization
NVIDIA briefly surpassed Amazon in market value, reaching a whopping $1.78 trillion, on Monday (February 12).
BHEL, PNB enter MSCI as India's weightage reaches historic high
India has reached a record high of 18.2% in the MSCI Global Standard (Emerging Markets) Index after the February review.
OYO requests SEBI to expedite IPO approval
OYO's top bankers and executives met with the Securities and Exchange Board of India (SEBI) to discuss the company's progress and speed up its IPO approval.
With boom in IPOs, SEBI intensifies scrutiny of corporate documents
India's market watchdog, the Securities and Exchange Board of India (SEBI), is ramping up its scrutiny of documents submitted by companies planning to go public, per Reuters.
Bandhan Bank's Q3 net profit jumps threefold to Rs. 733cr
Bandhan Bank has announced a remarkable 152.06% increase in net profit, reaching Rs. 732.7 crore for the third quarter ending December 31, 2023.
India surpasses Hong Kong in terms of stock trading volumes
India's National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) have outperformed the Hong Kong Exchange (HKE) in trading volumes.
Sensex climbs 170 points, Nifty settles above 21,780 mark
On Friday, the benchmark Sensex and Nifty indices saw gains. The former rose 0.23% to 71,595.49 points, the latter jumped 0.3% to 21,782.50 points.
Sensex tanks over 720 points, Nifty settles above 21,700 points
On Thursday, the benchmark Sensex and Nifty indices were on a downward trend.
Buoyed by AI, NVIDIA to overtake Amazon in market value
NVIDIA, the world's leading AI chipmaker, is closing in on Amazon's market value, thanks to Wall Street's growing interest in artificial intelligence.
SBI becomes second PSU company with over Rs. 6T m-cap
Shares of the State Bank of India (SBI) soared over 4% to all-time high of Rs. 675 each, raising its market capitalization above Rs. 6 lakh crore.
Power Grid Q3 net profit increases 10.5% to Rs. 4,028cr
Power Grid Corporation of India reported a 10.5% increase in consolidated net profit for the quarter ending December 31, 2023, reaching Rs. 4,028.25 crore compared to Rs. 3,645.29 crore last year.
Sensex closes flat at 72,152 points, Nifty settles at 21,930
The stock market closed on a flat note on Wednesday with the Sensex settling at 72,084.1 points and Nifty ending at 21,930.5 points.
Canara Bank shares surge as board mulls over stock split
Canara Bank's board is scheduled to meet on February 26 to discuss the potential split of the bank's equity shares.
CRED acquires mutual fund start-up Kuvera, forays into wealth management
Kunal Shah-led CRED has acquired online financial planning and investment platform Kuvera in a cash and stock deal.
TCS's m-cap surpasses Rs. 15 lakh crore for first time
Tata Consultancy Services (TCS) achieved a market capitalization of over Rs. 15 lakh crore for the first time, as its stock rose nearly 4% in today's trading session.