Category: Uncategorized

The Rupee closed at a lifetime low on Friday at 83.3675 per dollar amid weakness in Asian currencies and strong demand for the greenback from importers. The Indian unit closed about three paise down vis-a-vis Thursday’s close of 83.3425. Also read: The unending sideways crawl Rahul Kalantri, Vice President, Mehta Equities Ltd, attributed the Rupee’s weakness […]

LTIMindtree Ltd.’s shares were up by 0.02 per cent after the company unveiled a Quantum-Safe Virtual Private Network (VPN) link at its London facility in collaboration with Quantum Xchange and Fortinet. This initiative is a step toward securing data transmission in anticipation of the quantum era’s challenges. The collaboration involves Quantum Xchange providing quantum hardware […]

The Securities and Exchange Board of India (SEBI) has expressed concerns on bunching up of initial public offerings (IPOs) this week and has asked investment bankers to be wary of the stress it could put on the infrastructure for intermediaries, particularly IPO registrars, said two people familiar with the matter. The regulator had issued a […]

Target: ₹809 CMP: ₹901.90 Finolex Cables’ (FCL) Q2-FY24 consol. revenue/EBITDA/PAT stood at ₹1,180 crore/₹150 crore/₹140 crore, +9/48/156 per cent y-o-y, respectively, albeit on an eroded base quarter. EBITDA beat our estimate by 10 per cent owing to better gross margin. Electrical cable/communication cable revenue stood at ₹980 crore/₹140 crore, +13 per cent/(14 per cent) y-o-y, […]

Crude oil futures traded lower on Wednesday morning as data from an industry body showed a massive increase in crude oil inventories in the US for the week ending November 17. At 9.52 am on Wednesday, January Brent oil futures were at $82.35, down by 0.12 per cent, and January crude oil futures on WTI […]

Tata Technologies has raised ₹791.05 crore, ahead of its IPO, on Tuesday. The public issue from Tata Group company opens on Wednesday and closes on Friday at a price band of ₹475-500. The board of Tata Technologies has finalised the allocation of 1.58 crore shares to anchor investors at ₹500 a share, it said in […]

Domestic markets are likely to open in positive zone on Tuesday on global cues. However, analysts expect the market to move in a narrow range with lack of participation. As the market currently lacks triggers, sector rotation and stock=specific action will continue, they added. Buzzing stocks. Stocks that will see action today: November 21, 2023 Avdhut […]

Equity benchmark indices Sensex and Nifty stayed on the back foot for the second straight session on Monday as investors offloaded auto, utility and commodity stocks amid fresh foreign fund outflows. Also read: Rupee falls 9 paise to close at 83.35 against US dollar In a volatile trade, the 30-share BSE Sensex declined 139.58 points […]

The majority of the portfolio management services (PMS) schemes outperformed the Nifty50 in October. Nearly 63 per cent, or 205 of the 326 PMS schemes, were able to beat the returns generated by the benchmark, data from PMS Bazaar shows. The 326 schemes collectively delivered average returns of -2 per cent, higher than the -2.7 […]

After sustained selling in the last two and a half months, FPIs bought Indian equities worth ₹1,433 crore thus far in November, mainly due to the decline in US treasury bond yields and crude oil prices.  Foreign Portfolios Investors (FPIs) were net sellers till November 15. However, they reversed the selling trend by infusing money […]