BUSINESS
Senco Gold shares hit 5% upper circuit for third consecutive day as promoter raises stake
In an exchange filing released on March 19, Senco Gold announced that its promoter Jai Hanuman Shri Siddhivinayak Trust has acquired 0.05 percent stake through the open market on March 18.
BUSINESS
IREDA launches first-ever perpetual bonds to raise Rs 1,247 crore
The PSU called perpetual bond issue a 'strategic move' to enhance Tier-I capital to back the expansion of green energy infrastructure, and comes days after the board hiked the borrowing limit for FY25 to Rs 29,200 crore.
BUSINESS
Polycab, Havells, KEI shares plunge up to 13% on Adani's foray into cables and wires
Adani Enterprises said its wholly-owned subsidiary Kutch Copper has completed the incorporation of the joint venture company named ‘Praneetha Ecocables’.
BUSINESS
IndusInd, SBI, others rise up to 4% as momentum takes Bank Nifty higher for a fifth session
Axis Securities predicted a bullish outlook for Nifty Bank, as well as the benchmark Nifty 50 index.
BUSINESS
Bajaj Healthcare shares rally nearly 10% as firm gets SEC-CDSCO nod for clinical trials of anti-seizure drug
Bajaj Healthcare said that it aims to provide a safe and effective treatment option for epilepsy patients in India through the 'Cenobamate' tablets.
BUSINESS
Metals add shine to Nifty's rise to month high as Hindalco, steel stocks surge
China has unveiled a special action plan to boost domestic spending by increasing residents' income. Additionally, uncertainties around Trump tariffs continue to persist.
BUSINESS
ICICI Bank, HDFC Bank help Nifty Bank surge past 49,000 on a day of broad-based rally
The rally in the bank stocks pushed the Nifty Bank index up by over a percent to cross 49,000 mark for the first time after two weeks.
BUSINESS
Metals surge up to 3% to snap two-day fall: What's behind the shine amid looming Trump tariffs?
APL Apollo Tubes was the top gainer on the index, rising nearly 3 percent to trade at Rs 1,414 per share. The stock has now strongly recovered after hitting a 52-week low of Rs 1,273 per share on February 17.
BUSINESS
Swiggy Instamart says demand in Tier II, III markets growing as it expands quick commerce to 100 cities
The company said the expansion comes on the back of growing demand for 10-minute deliveries, especially in tier 2 and tier 3 cities.
BUSINESS
LTI Mindtree shares fall 5% as Citigroup plans to slash external IT contractors to 20% from 50%
The New York-headquartered Citi Group planning to reduce external dependence and increase its internal resources comes as US President Donald Trump continues to promote the 'America First' policy and impose harsh tariffs on imports.
BUSINESS
Bitcoin, other cryptos rise after softer-than-expected US CPI data
The CPI rose 0.2% in February after surging 0.5% in the previous month. For the 12 months through February, consumer prices in the US were up 2.8%, lower than January's 3%
BUSINESS
IndusInd Bank, HDFC Bank shares gain up to 5%, Bank Nifty trades in green after 2 days
IndusInd Bank shares were the top gainers on the index, snapping their 5-day losing streak. This comes a day after the stock crashed 27% after the bank reported discrepancies in its derivatives portfolio.
BUSINESS
Infosys shares down 5% to eight-month low on downgrades over tariff uncertainty
Motilal Oswal downgraded Infosys to 'Neutral', while Morgan Stanley has rated it as Equal weight, adding that it prefers TCS over the IT major.
BUSINESS
Tech shares at eight-month low as Morgan Stanley cites risk to growth
The fall in the shares of IT companies has pushed Nifty IT sharply lower, after Morgan Stanley's latest note cited shifting global macro environment and technological changes as risks to valuations and revenue growth.
BUSINESS
Amid IndusInd Bank stock crash, Devina Mehra explains why she is a 'nervous investor in banks'
'It is in the structure of the business where negative surprises will ALWAYS outweigh positive surprises,' the founder & CMD of First Global said in a post on X platform
BUSINESS
Macrotech, Godrej Properties, DLF, other real estate stocks jump up to 5% to lead market recovery
Nifty Realty index rose nearly 3 percent, snapping its 3-day losing streak. The sectoral index is currently the top gainer among its peers on NSE.
BUSINESS
$125 billion m-cap gone in a day! Why Elon Musk-led Tesla shares crashed 15%
Notably, this one-day loss in Tesla stocks is higher than the combined valuation of Indian automakers Maruti Suzuki, Tata Motors and Mahindra & Mahindra
BUSINESS
M&M, Ashok Leyland, MGL shares tumble up to 3% on Maharashtra's motor tax hike
Maharashtra's decision to increase motor tax levied on compressed natural gas (CNG) four wheelers by a percent has weighed on shares of car companies and Mahanagar Gas.
BUSINESS
Maharashtra hikes tax on CNG vehicles by 1%, additional 6% tax on select EVs; shares of car makers, MGL fall
During his Budget speech, Deputy CM and Finance Minister Ajit Pawar said the tax hike on CNG vehicles is estimated to generate an additional Rs 150 crore in revenue for the state.
BUSINESS
Bitcoin crashes 5% as Trump's crypto reserve order disappoints investors
White House crypto czar David Sacks has said no taxpayer money will be spent on acquiring cryptocurrencies for the reserve, which will be funded by bitcoin already owned by the US government
BUSINESS
Smallcap index falls nearly 2%, snaps 4-day gaining streak; midcap index declines 2% from day's high
360 One WAM was the top loser on the smallcap index, falling nearly 7 percent to trade at Rs 906. This came as capital market-focused stocks extended their decline.
BUSINESS
Metal shares surge to extend gains for a fifth session on Jefferies' bullish call
Steel stocks have been on the rise since past week after China announced it would restructure its steel industry to cut the total output. The latest move by China is expected to reduce the dumping of cheap steel into the Indian market, seen as a major positive for the domestic steel manufacturers.
BUSINESS
IndusInd Bank slips to lowest since July 2022 as investors weigh extension for CEO, target price cuts
The Reserve Bank of India has approved the reappointment of Sumant Kathpalia as the managing director and CEO of the bank for another one year, with effect from March 24, 2025. The bank had sought a three-year term for Kathpalia.
BUSINESS
Reliance shares up for a third day, rise over 3% after Macquarie rates 'Outperform' with a Rs 1,500 target
Recently, Jefferies reiterated its 'Buy' call on RIL with a target price of Rs 1,600 per share, citing future growth in the retail business and a potential tariff hike in the telecom unit.
