Category: Stock

In a bid to strengthen investor protection amid rising digital fraud, the Securities and Exchange Board of India (Sebi) on Wednesday launched the ‘Verified App Label Initiative’, a move aimed at helping investors identify genuine trading and investment apps and avoid falling prey to scams. Speaking at the launch, Sebi Chairman Tuhin Kanta Pandey said […]

The Indian stock market saw a significant rally on Wednesday. The Sensex jumped 1,205 points, closing at 75,273. Amidst this broader market strength, six stocks from the BSE 1000 index reached their highest levels in a year. These new 52-week highs signal positive momentum for these companies. Prime Focus, Acutaas Chemicals, and Aurobindo Pharma were […]

D-Street Movers Indian benchmark indices extended their winning momentum as bulls remained in top form for the second session in a row. Action lifted by banks, auto and consumer stocks lifted the market mood. Nifty settled at 23,306.45, surging by 394.05 points or 1.72%, while the BSE Sensex reclaimed the 75K mark to close at […]

The government has appointed Kompella Venkata Ramana Murty as a whole-time member of Sebi for a period of three years. With this addition, the regulatory board now has its full team of four full-time members. The other three whole-time members are Amarjeet Singh, Kamlesh Chandra Varshney, and Sandip Pradhan. Murty, a retired 1991 batch Indian […]

International brokerage firm UBS has downgraded Indian equities to Neutral from Attractive, citing rising geopolitical risks in the Middle East and the potential impact on energy supplies, given India’s high import dependence. Analysts noted that Indian markets are highly sensitive to oil price movements. The country’s reliance on imported crude oil, LNG and LPG makes […]

After United Spirits finalised the sale of its stake in Royal Challengers Bangalore (RCB) for Rs 16,660 crore, brokerages said the deal is a positive for the alcohol maker and will likely unlock value for investors. A consortium comprising Aditya Birla Group, The Times of India Group, Bolt Ventures and a Blackstone fund acquired the […]

Shares of construction major Larsen and Toubro (L&T) rose as much as 4% to hit an intraday high of Rs 3,646.50 on BSE on Wednesday, extending gains for a second straight session and rising 9% over the period. The rally follows the company’s announcement that its water and effluent treatment (WET) business has secured a […]

As global markets attempt to recover from March’s steep selloff, veteran valuation expert Aswath Damodaran says it’s natural for investors to feel unsettled and make choices they may later regret. He stresses the importance of developing one’s own investment philosophy rather than blindly copying successful investors. In his latest blog post, Damodaran said times like […]

Shares of Solar Industries rallied as much as 5.4% to their day’s high of Rs 13,251 on the BSE on Wednesday after domestic brokerage firm Elara Capital initiated coverage with a Buy call, citing that the company is ‘unleashing growth juggernauts’. With a target price of Rs 15,450, the brokerage implies an upside potential of […]

Indian stock markets will see a holiday-shortened week, with both the NSE and BSE remaining closed on Thursday on account of Shri Ram Navami. In the coming days, investors can expect further truncated trading activity, as exchanges will be shut for three of the next eight sessions due to scheduled holidays. The calendar features two […]