Markets

Palo Alto Networks stock tumbles over 26% after cut in annual billings forecast

Palo Alto Networks Inc. stock tumbled more than 26 per cent on Wednesday after softer client spending and steep promotions forced the cybersecurity company to cut its annual billings forecast for the year.  With more than 26 per cent decline in shares, Palo Alto is on course to erase nearly $30 billion in market capitalization. The Santa Clara, California-based Palo Alto forecast third quarter billings between $2.30 billion and $2.35 billion. Its…

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OPEC+ to support Brent at $80/bbl, ONGC/Oil India placed well; here’s why

Domestic brokerage firm JM Financials said in its latest report that the global oil supply growth of 1.8 mmbpd in CY24 is entirely (95 per cent) driven by higher output from non-OPEC+ countries such as US, Brazil, Guyana and Canada.  However, OPEC+ output cuts are still likely to keep the market in a small deficit in 1QCY24 and the deficit/surplus scenario for CY24 will be contingent on OPEC+ output…

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GPT Healthcare Limited garners ₹157 crore from anchor investors before IPO

GPT Healthcare hasgarnered ₹157.54 crores from anchor investors ahead of its initial public offering that opens for public subscription on Thursday, February 22, 2024. The company informed the bourses that it allocated 84,69,996 equity shares at ₹186 per share on Wednesday, February 21,2024, to anchor investors. Also read: GPT Healthcare IPO opens tomorrow: GMP, issue details, 10 key things to know before investing in ₹525-crore issue Foreign and Domestic…

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Bharat Highways Invit IPO: Check date, size and key other details

Bharat Highways Invit IPO is set to for subscription on February 28 and will close on March 1. The company plans to raise ₹2,500 crore through the public issue, which is the highest so far this year. ICICI Securities, Axis Capital, HDFC Bank, and IIFL Securities are the appointed book-running lead managers for the issue. The price band of the upcoming IPO will be announced soon. The company had…

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Gold rises ₹150; silver climbs ₹100

File image for representation. | Photo Credit: PTI Gold prices rose ₹150 to ₹62,850 per 10 grams in the national capital on Wednesday amid strong global cues in the overseas markets, according to HDFC Securities. In the previous trade, the precious metal had closed at ₹62,700 per 10 grams. Silver also climbed ₹100 to ₹75,700 per kilogram, while it had settled at ₹75,600 per kg in the previous close.…

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Top Gainers and Losers today on 21 February, 2024: Tata Steel, State Bank Of India, Bharat Petroleum Corporation, Coal India among most active stocks; Check full list here

The Nifty Midcap 50 underperformed the Nifty 50, closing 1.22% lower. Similarly, the Nifty small cap 100 also underperformed the Nifty 50, ending at 16172.35, down by 167.5 points and 1.04% lower. The Nifty 50 has provided the following returns: – In the last 1 week: 1.17% – In the last 1 month: 4.03% – In the last 3 months: 11.68% – In the last 6 months: 13.93% –…

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Online Share Trading Fraud: Mumbai Woman Loses Rs 1.92 Crore In 3 Months, Here’s How To Stay Safe – News18

The woman transferred a collective sum of Rs 1,92,82,837 into various bank accounts since December 2023. (Representative image) The accused lured the victim, a resident of the New Panvel area, into online trading of shares with a promise of high returns on her investments. Police have registered a case against nine persons for allegedly cheating a 40-year-old woman from Navi Mumbai township in Maharashtra of Rs 1.92 crore in…

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At ₹395, Paytm shares hit upper circuit for fourth straight session

The Paytm scrip has rebounded since Friday and gained more than 21% from Thursday’s closing level of ₹325 | Photo Credit: Reuters Shares of One97 Communications which owns Paytm brand hit the upper circuit for the fourth consecutive session on February 21. The stock of the fintech major climbed 5% each to ₹395.25 and ₹395.05 per piece — its upper circuit limit — on the BSE and NSE, respectively.…

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Atmastco IPO allotment likely to be fixed today; Check application status here

Atmastco IPO Allotment Status: The initial public offering (IPO) of Atmastco Ltd, an EPC contractor, ended on Tuesday, February 20, and investors now eagerly wait to check their IPO allotment status. Atmastco IPO allotment date is most likely today, February 21. The SME IPO received a strong response from the primary market investors as seen in the IPO subscription status. The ₹56.25 crore worthAtmastco IPO opened for public subscription…

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Devyani International Up 6% Amid Reports Of Block Deal; Yum Restaurants Likely Seller – News18

Last Updated: February 21, 2024, 12:37 IST Devyani International stock (Representational Photo) Shares of Devyani International Ltd, the largest domestic franchisee for Yum Brands (KFC & Pizza Hut), gained 6% in early trade Shares of Devyani International Ltd, the largest domestic franchisee for Yum Brands (KFC & Pizza Hut) and the sole franchisee for Costa Coffee, gained 6 per cent on February 21 as 5.3 crore shares, representing a…

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Rupee rises 6 paise to 82.91 against U.S. dollar in early trade

FIle. | Photo Credit: AFP The rupee sustained its upward momentum for the third straight session and gained 6 paise to 82.91 against the U.S. dollar in early trade on February 21, tracking a weak American currency and positive equity market sentiment. However, selling pressure from foreign equity investors amid elevated level of crude oil prices resisted a sharp gain in the domestic currency, analysts said. At the interbank…

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ABB India shares surge 6% as Q4 result beat estimates; here’s what analyst say

ABB India share price surged over 6% on Wednesday’s trading session as Q4 CY2023 result exceeded the Street’s estimates. The company follows a fiscal year that spans from January to December. ABB India share price opened at an intraday low of ₹4,622.30 and touched an intraday high of ₹4,799.95.  According to Rajesh Bhosale, Equity Technical and Derivative Analyst, Angel One, ABB India stock prices have seen a strong gap-up…

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Stock Market Updates: Nifty Hits Fresh High, Sensex Flat; Zee Ent Plummets 10% – News18

Last Updated: February 21, 2024, 09:42 IST Benchmark indices started with nominal gains on Wednesday amid mixed global cues. The S&P BSE Sensex opened 6 points higher at 73,063 levels, while the Nifty50, too, added 6 points at open to trade at 22,203 levels. In the broader markets, the BSE MidCap index advanced 0.26 per cent, and the BSE SmallCap index gained 0.44 per cent. Individually, shares of Zee…

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Stocks to Watch: Zee Ent, Hindalco, Devyani, Tata Power, Paytm, Wipro, and Others – News18

Last Updated: February 21, 2024, 08:25 IST Stocks to Watch on Feb 21 Stocks to watch: Shares of firms like Zee Ent, Hindalco, Devyani, Tata Power, Paytm, Wipro, and others will be in focus on Wednesday’s trade. Stocks To Watch On February 21: Nifty recovered strongly in the final hour of Tuesday’s trade to close at record high levels, continuing its winning streak for straight six sessions in a…

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Adani Ent Share Price Live blog for 21 Feb 2024

Adani Ent Share Price Today : Adani Enterprises’ stock opened at ₹3263.05 and closed at ₹3258.2 on the last trading day. The high for the day was ₹3268.4, while the low was ₹3211.3. The market capitalization stood at ₹368066.46 crore. The 52-week high and low were recorded at ₹3275 and ₹1103 respectively. The BSE volume for the day was 100632 shares. Disclaimer: This is an AI-generated live blog and…

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Day trading guide for stock market today: 9 stocks to buy or sell on Wednesday

“Domestic equities gained for 6th consecutive day, trading in unchartered territory. After a subdued start, Nifty bounced back into positive territory and made yet another new high above 22200 zone. The index closed with gains of 75 points at 22197 levels. Broader market, however, ended in the red. Sector-wise it was a mixed bag with buying seen in Banking, Financials, and Realty,” said Siddhartha Khemka, Head – Retail Research…

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Buy or sell: Vaishali Parekh recommends three stocks to buy today — February 21

Buy or sell stocks for today: Domestic market benchmark Nifty 50 crossed the coveted 22,000 mark for the first time, hitting its fresh record high of 22,215.60, in intraday trade in the previous session, with shares of HDFC Bank, Axis Bank and Power Grid among the top contributors. The domestic market witnessed significant volatility on Tuesday, with the Nifty 50 index swinging 170 points during the session. The Nifty…

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Gold hits over one-week high as US dollar eases, Fed minutes on radar

Gold prices climbed to their highest level in more than a week on Tuesday as the dollar retreated, while the spotlight shifted to the release of the U.S. Federal Reserve’s latest monetary policy meeting minutes for further interest rate cut cues. Spot gold was up 0.5% at $2,027.79 per ounce as of 11:27 a.m. ET (1627 GMT). U.S. gold futures rose 0.8% at $2,039.40 per ounce. The dollar index…

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