While Indian investors continue to pour crores into equities, the past year’s performance data tells a different story. The Nifty 50 has slipped 2.9% over the last 12 months, while gold has delivered 46.71% returns and silver has surged 47.08%, making precious metals the best-performing asset class. “Precious metals have quietly emerged as wealth creators […]
Ahead of Market: 10 things that will decide stock market action on Tuesday
The Indian market ended higher on Monday, snapping a three-day losing run, as stronger-than-expected GDP data buoyed investor confidence, while investors also took some relief from a U.S. court ruling that deemed most of President Donald Trump’s tariffs illegal but kept them in place until mid-October. The BSE Sensex advanced 554.84 points, or 0.70%, to […]
ADIA exits One MobiKwik Systems; sells entire 2.1% stake for Rs 39 crore
Abu Dhabi Investment Authority (ADIA) on Monday exited One MobiKwik Systems by divesting its entire 2.10 per cent stake in the fintech firm for Rs 39 crore through an open market transaction. According to the bulk deal data available on the NSE, ADIA offloaded a little over 16.44 lakh equity shares, representing a 2.10 per […]
Market Trading Guide: Buy L&T Finance, 4 smallcap stocks on Tuesday for potential upside up to 9% in near term – Stock Ideas
After three straight sessions of losses, Indian headline indices rebounded on robust demand in auto, IT, and metal stocks, aided by strength in banks. The index witnessed a significant recovery from negativity as the Nifty reversed momentum following an inverted hammer pattern. Commenting on the day’s action, Rupak De, Senior Technical Analyst at LKP Securities […]
Gainers & Losers: SME Anondita Medicare dazzles on debut; Ola, 4 other stocks drive action
Newsmakers of D-Street Indian headline indices ended their three-session losing streak riding on strong buying action in auto, IT and metal stocks while banks also lent good support. While Nifty surged 198.20 points or 0.81% to close at 24,625.05, the 30-stock S&P BSE Sensex finished at 80,364.49, declining by 554.84 points or 0.70%. Here are […]
Smallcap company with 6,000% return in 5 years announces 1:10 stock split. Check details
Websol Energy System, manufacturer of solar cells and modules, has announced a 1-for-10 stock split, which will change the face value of its equity shares from Rs 10 to Rs 1. The split will make the stock more affordable and accessible to a wider base of retail investors, after the company delivered over 6,000% returns […]
Premium cement brands to be key beneficiaries of GST cut; price hikes likely in H2: Nomura analyst
The cement industry is expecting major relief as the Goods and Services Tax (GST) on cement is likely to be reduced from 28% to 18%, according to Jashandeep Chadha, Equity Research Analyst at Nomura. Chadha told ET Now that there is “fair certainty” about the tax cut after the upcoming GST Council meeting. “Structurally, this […]
Market Wrap: Sensex rises 555 points, Nifty tops 24,620, snapping 3-day losing streak after upbeat GDP data
Indian benchmark indices Sensex and Nifty ended higher on Monday, snapping a three-day losing run, as stronger-than-expected GDP data buoyed investor confidence, while investors also took some relief from a U.S. court ruling that deemed most of President Donald Trump’s tariffs illegal but kept them in place until mid-October. The BSE Sensex advanced 554.84 points, […]
Reliance’s big AI bet a positive move, will help Indian IT companies: Sandip Agarwal
Reliance Industries’ push into artificial intelligence (AI) through its new arm, Reliance Intelligence, could be a game changer for India, according to Sandip Agarwal, Fund Manager at Sowilo Investment Managers. Speaking to ET Now, Agarwal said Reliance’s strategy combines hardware, software, and products in a way that sets it apart. “On the hardware side, they […]
Japan tech shares drag Nikkei to 3-week low as Advantest tumbles
Japan’s Nikkei share average slumped to a three-week low on Monday as chip-sector stocks tumbled, taking cues from a technology-led sell-off on Wall Street on Friday. The Nikkei fell 1.24% to 42,188.79 as of the close of trading, and earlier dropped more than 2% to the lowest since August The bulk of the Nikkei’s 530-index […]