Join us for the latest in stock market news as we cover today's key movers and shakers. We dive into Bharti Airtel's stake sale, Gabriel India's new license agreement, Uno Minda's JV for high-voltage powertrain products, Deepak Fertilisers' Australian subsidiary expansion, Zomato's AI-driven customer support platform, and Paytm's new SIP partnership with SBI Mutual Fund. Stay informed with our comprehensive update on the stocks to watch today.
Tata Steel Q3 earnings beat estimates. Profit plunges 43% YoY to Rs 295 crore, revenue declines 3%. Coal India Q3 results above estimates. Profit declines 17.5% YoY to Rs 8,491 crore, operating margin down 150 bps. Kaynes Technology India Q3 profit surges 47% YoY to Rs 66.5 crore with healthy revenue, operating numbers. Emami Q3 profit rises 7% YoY to Rs 279 crore, operating margin expands 70 bps. Watch here for more details
Benchmark indices Nifty and Sensex started strong on January 14, breaking a four-day losing streak, as investors welcomed CPI inflation cooling to a four-month low of 5.22 percent. Experts anticipate further easing inflation, potentially paving the way for the RBI MPC to cut policy rates by 25 basis points in February amid signs of slowing growth. Here’s a look at the top gainers and losers in trade today.
The Sensex and Nifty wavered in a narrow range for most of the December 10 trading session as caution prevailed ahead of the upcoming US and India CPI data due this week. However, the markets settled flat after slipping into the red later in the day, with energy and telecom stocks dragging indices lower. Here’s a look at the top gainers and losers in trade today.
Such businesses that are going through a bad phase may not be really attractive even compared to their own historical valuations, but may re-rate when the segment bounces back.
The Indiacharts.com founder believes that the upside for the Nifty could be as high as 35,000 if the rally continues
The 30-share BSE Sensex tanked 1,093.22 points or 1.82 per cent to settle at 58,840.79.
Amid high inflation, growth concerns, and rising interest rates, how should you restructure your portfolio? Join Karunya Rao in conversation with Trideep Bhattacharya of Edelweiss AMC to know if investing in 2022 yields long-term gains.
Investors are also sceptical of putting in more money amid growing border tensions with China, says Paras Bothra of Ashika Stock Broking.
At the close of market hours, the Sensex is down 382.90 points or 1.09% at 34779.58, while the Nifty ended lower by 131.80 points or 1.25% at 10453.00.
At the close of market hours, the Sensex ended up 131.52 points or 0.38% at 34865.10, while the Nifty rose 40 points or 0.38% at 10512.50.
The market failed to hold 52-week high touched in early trade Thursday as the Nifty closed below 8900 on profit booking.