market

January 18, 2024
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As the financial world continues to evolve, it’s crucial for investors to remain informed about the latest market trends. The recent market buzz has highlighted standout performances from key players such as Indian Oil Corporation, Steel Authority of India, and Life Insurance Corporation of India. Particularly noteworthy is Indian Oil Corporation’s impressive bullish trend, maintaining a consistent upward trajectory for four consecutive days. With a remarkable increase of over 4 percent and a closing figure of Rs 143.6, this achievement marks the corporation’s highest level since October 26, 2017. Such notable market movements serve as valuable indicators for investors and analysts alike, reflecting the dynamic nature of the financial sector and providing insights for strategic decision-making

As the financial world continues to evolve, it's crucial for investors to remain informed about the latest market trends. The...

January 18, 2024
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Market BuzzTrade SpotlightStocks that outperformed the broader market on Tuesday include Indian Oil Corporation, Steel Authority of India and Life Insurance Corporation of India. Indian Oil Corporation has been in a bullish trend for four consecutive days. It had increased by more than 4 percent and closed at Rs 143.6. This is its highest closing level since October 26, 2017

Trade Spotlight Stocks that outperformed the broader market on Tuesday include Indian Oil Corporation, Steel Authority of India and Life...

January 17, 2024
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HDFC Bank The private sector lender reported a 34% year-on-year (YoY) growth in net profit for the December quarter to Rs 16,372 crore. Indigo Paints American investment firm Smallcap World Fund, Inc has sold partial stake in Indigo Paints through the open market on Tuesday for Rs 104 crore. L&T Tech Mid tier IT services company L&T Tech reported net profit of Rs 336 crore for the quarter ended December, which was up 13% compared with Rs 297 crore in the same quarter last year. ICICI Lombard ICICI Lombard reported net profit of Rs 431 crore for the quarter ended December, which was up 22% year-on-year. Ultratech Cement Ultratech Cement has incorporated a wholly-owned subsidiary viz Letein Valley Cement, which will carry on the business of mining of limestone and other raw materials, manufacture and sale of cement. TV18 Broadcast TV18 Broadcast reported a net loss of Rs 12 crore as against a profit of Rs 42 crore a year earlier. Revenue from operations declines 5% to Rs 1,676 crore. PNC Infratech PNC Infratech has received a letter of award (LoA) for a project worth Rs 1,174 crore from MP Road Development Corporation (MPRDC)

HDFC Bank The private sector lender reported a 34% year-on-year (YoY) growth in net profit for the December quarter to...

January 16, 2024
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FITCH: INDIA’S RATING IS UNDERPINNED BY A ROBUST MEDIUM-TERM GDP GROWTH OUTLOOK AND SOUND EXTERNAL FINANCES FITCH: INDIA IS POISED TO REMAIN ONE OF FASTEST-GROWING COUNTRIES GLOBALLY IN NEXT FEW YEARS FITCH ON INDIA SAYS BEYOND FY24 THERE IS LESS CERTAINTY ON FISCAL PATH AND TRADE-OFFS BETWEEN ECONOMIC GROWTH AND CONSOLIDATION MAY BECOME MORE ACUTE

FITCH: INDIA'S RATING IS UNDERPINNED BY A ROBUST MEDIUM-TERM GDP GROWTH OUTLOOK AND SOUND EXTERNAL FINANCES FITCH: INDIA IS POISED...