When can Nifty hit new highs? Ashika CEO Rahul Arora explains
Foreign investors are starting to return and policy support is improving sentiment, yet the Nifty still sits just shy of its recent peak.
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Fractal Analytics IPO Day 3: Issue subscribed 27% so far; check GMP
Fractal Analytics IPO saw muted demand with 0.27 times subscription; QIBs at 0.08, NIIs at 0.35, RIIs at 0.72. Anchor investors include Morgan Stanley and Goldman Sachs. Angel One rated it Neutral.
M&M Q3 results largely in-line with estimates, net profit up 33%
Mahindra and Mahindra’s standalone net profit increased 32.6% for the December quarter to ₹3,931 crore from the previous year’s ₹2,964 crore. It was slightly ahead of Street expectations of ₹3,904 crore.
One of the most-traded stocks today is up 46% in 10 sessions
The board of directors at Brightcom Group, which has been mired in controversies, took a significant decision on Jan 31. Since then, the stock has gone through the roof.
US Stock Market Live Updates: S&P 500, Nasdaq Futures rise 0.2%, Dow up 85 points ahead of jobs report
US Stock Market Today Live Updates: The markets have shown mixed signals heading into the release. Dow Jones hit a record 50,135.87, S&P 500 and Nasdaq climbed, led by Nvidia, Broadcom, and Oracle, in the last trading session.
HEG shares turn negative even as Q3 margins hit multi-quarter high
Management had earlier indicated that prices were likely to remain largely flat, making the margin expansion and 20% plus margin print a positive surprise.
Explained: Why Som Distilleries shares fell nearly 12% today
Som Distilleries and Breweries Ltd shares dropped 11.7% after weak Q3 results with net profit down 76% to ₹4.6 crore and revenue falling 16.8% to ₹250.5 crore.
TVS Supply Chain shares extend gains for third day, surge 13% post Q3 results
TVS Supply Chain shares extended their gains for the third consecutive day on Wednesday. It has gained 21% in the last three trade sessions.
AI threat to financial firms is about long-term valuation, not earnings yet: Citi strategist
Citi remains overweight emerging markets, neutral on the US, and neutral on India within emerging markets. Drew Pettit, Director – US Equity Strategy / ETF Analysis & Strategy Research at Citi noted rising global diversification, with US investors increasing allocations…
Rupee falls 6 paise to 90.62 against US dollar in early trade
The rupee depreciated 6 paise to 90.62 against the US dollar in early trade on Wednesday as geopolitical tensions and dollar demand from importers weighed on investor sentiments.