From IndusInd Bank to Asian Paints and the Adani Twins, these are the top losers on the Nifty 50 index from the day it made its record high of 26,277 on September 27 last year.
Brent rose above $81 a barrel to its highest in more than four months, as wider US sanctions are expected to affect Russian crude exports to top buyers China and India.
Waaree Energies Share Price | The acquisition is set to boost Waaree’s portfolio with EGPIPL’s operational capacity of 640 MWAC (760 MWDC) of solar and wind energy plants. This will be complemented by EGPIPL’s ongoing development of additional renewable energy…
Jefferies noted that exchanges are likely to see earnings upgrades. However, brokers may need to implement price hikes to adapt to the evolving market environment.
Marketbuzz Podcast: The GIFT Nifty was higher this morning, trading at a premium of more than 100 points from Nifty Futures Monday close, indicating a gap-up start for the Indian market. Tune in to the podcast for more cues
Foreign Portfolio Investors (FPIs), at the end of the December quarter, had a 6.47% stake in Vishal Mega Mart. Prominent among the FPI names was the Government of Singapore, which had a 1.67% stake.
The slide is attributed to a combination of factors, including a strong US dollar, rising crude oil prices, and continued foreign capital outflows.
While Laurence Balanco, the CLSA chartist, expects a fall in the Nifty, he sees a bigger decline on the Nifty Bank, citing its price action as a concern for the broader market.
CLSA said that despite a demand improvement tone similar to TCS, no change in the company’s mid-point of its organic growth guidance left them disappointed.
Zomato raised ₹8,500 crore through a Qualified Institutional Placement (QIP) during the October-December period last year, which reflects the minor dilution in Deepinder Goyal’s stake.