markets

[ad_1] Shares of financial firm Blue Chip India have given stellar returns to their investors in the last 1 year. This penny stock has soared 671 percent in this period, from ₹0.35 in March 2023 to currently trade at ₹2.7. Meanwhile, in the last 4 years, since March 2020, the stock has given multifold returns, skyrocketing 2600 percent from ₹0.1. However, in 2024 YTD, the stock is up just…

[ad_1] Lazard Asset Management, Manulife Investment Management and Candriam Belgium NV are paring exposure to India after a record-breaking rally. They’re pivoting to former favourite China, as Beijing’s support for its economy spurs a recovery in industrial profit and manufacturing.  The nascent swing highlights how funds are starting to buy into the narrative that China’s policy support will be enough to revive growth. While major Wall Street banks continue…

[ad_1] Stock market today: Indian stock market benchmarks the Sensex and the Nifty 50 hit their fresh all-time highs in intraday trade on Monday, April 1, amid across-the-board buying despite mixed global cues. The Sensex opened at 73,968.62 against the previous close of 73,651.35 and rose about 0.82 per cent to hit its fresh all-time high of 74,254.62 within the first two hours of trade. The Nifty 50 opened…

[ad_1] According to Axis Securities, Nifty 50 may trade between 22,800 and 21,800 with a positive bias for the week. The brokerage firm believes crossing and sustaining above the 22,500 level could trigger buying, driving the index towards 22,650 -22,800 levels. However, if the index breaks below the 22,150 level, it may fall towards 22,000-21,800, the brokerage firm said. Experts expect the market to see some volatility in the…

[ad_1] This performance is particularly noteworthy given the pressure PSU stocks faced before embarking on their bullish momentum in 2020. The BSE PSU index, a barometer of public sector enterprises’ performance, zoomed from 9,497 points to 18,274 points, translating into a stellar gain of 92.4%.  The government’s accelerated capex spending, coupled with sector-specific reasons, has helped PSU stocks achieve record gains in FY24. In the recent interim budget (FY24-25),…

[ad_1] In the Nifty500 index, 120 stocks have given multibagger returns in FY24, which means at least 100 percent gains. Meanwhile, just 51 stocks (10 percent) from the index were in the red in the current financial year. Top Gainers BSE was the top gainer in the Nifty500 index, soaring 521 percent, followed by IRFC and Suzlon Energy, which skyrocketed 462 percent and 444 percent, respectively. HUDCO, MRPL, Cochin…

[ad_1] Shares of ABB India jumped 6.60% in today’s early trade to touch a new all-time high of ₹6319.55 apiece after the global brokerage firm UBS, in its latest, lifted the target price on the stock to ₹7,550 apiece from an earlier price target of ₹5,380. (More to come.) Milestone Alert! Livemint tops charts as the fastest growing news website in the world 🌏 Click here to know more.…

[ad_1] Penny stock Lloyds Enterprises has posted multibagger returns in the last 4 years, rising from ₹1.19 in March 2020 to around ₹28.8 currently. This implies a return of almost 2337%. An investment of ₹1 lakh in this stock in March 2020 would have turned into over ₹24 lakh now. Lloyds Enterprises Limited trades in iron and steel products in India. It also designs and manufactures heavy equipment, machinery,…

[ad_1] Veteran American investor Jim Rogers is bullish about India and Indian equities and suggests people should invest in Indian equities if they want to be rich. “If you want to be rich, own equities. I would suggest people look at Indian equities if they want to be rich because there are lots of really smart Indians all over the world. If you can find some of those smart…

[ad_1] The IPO frenzy shows no signs of abating, as companies continue to line up to raise funds. In March alone, 25 companies have debuted on Dalal Street, with an additional two slated for listing by the end of the month, bringing the total new listings to 27. Out of the 25 companies that debuted in March 16 are SMEs, indicating a notable influx of smaller enterprises into the…

[ad_1] After experiencing a prolonged downward trend from October 2021 to March 2023, the company’s shares experienced a notable rebound in the subsequent month. Since then, they have consistently followed an upward trajectory, surging from ₹920.70 to the current trading price of ₹1,902.  Also Read: Holi 2014 to Holi 2024: Nifty 50 zooms over 200%, these 14 stocks skyrocket 3,900% This remarkable turnaround has rewarded its shareholders with an impressive…

[ad_1] Before Market Opens: Indian markets are likely to open ona positive note on Friday following gains in Asian peers after Wall Street hit record closing highs on rate-cut optimism. Meanwhile, Gift Nifty was trading 15 points higher, indicating a positive start for benchmark Nifty. Let’s take a look at some key cues before the market opens today: View Full Image Wall Street (REUTERS) Wall Street’s three major stock…

[ad_1] The timing and magnitude of potential rate cuts by the Fed remain uncertain, leaving questions about whether they will be modest or significant. Nevertheless, the indication that rate cuts are forthcoming still serves as a positive factor for the market, providing some clarity amidst the uncertainty. A big event is approaching now – the General Elections 2024. A seven-phase election will start on April 19 and continue until…

[ad_1] The brokerage’s analysis over the past 50 years indicates that credit contractions or moderation are typically driven by adverse macroeconomic conditions or issues related to asset quality rather than stemming primarily from a slowdown in deposit growth or temporary liquidity constraints. Also Read: Contrarian view: 4 reasons why Anand Rathi expects mid and smallcaps to outperform in the upcoming year The brokerage believes that banks are willing to…

[ad_1] Paytm share price opened at ₹415.60 against its previous close of ₹405.85 and rose 4.93 per cent to hit its intraday high of ₹425.85. Around 12:15 pm, the stock traded nearly 3.45 per cent up at ₹419.85, indicating a potential continuation of its upward trend for the fourth consecutive session. Paytm share price hit its 52-week low of ₹318.35 on February 16, 2024, after the RBI’s action against…

[ad_1] Life Insurance Corporation (LIC), India’s largest life insurer, witnessed a further 2.80% decline in its share price during today’s trading session, settling at ₹879.50 per share. This drop marks the stock’s third consecutive decline, resulting in an accumulated decrease of nearly 8.2% over the past three days.  The decline comes amidst the announcements of plans to increase wages by approximately 17% for its one lakh employees. On Friday,…

[ad_1] In a recent note, analysts at Jefferies said that they expect the hotel industry will conclude FY24 on a high note, with continued momentum in Revenue per Available Room (RevPAR) expected to extend into FY25. As per the brokerage, the key drivers propelling this growth include supportive macroeconomic conditions, with hotel demand surpassing supply growth. Additionally, the industry’s focus on pricing strategies, premiumization, and the enduring appeal of…

[ad_1] For nearly a year, the world has eagerly awaited clear indications of rate cuts from the Fed, yet the central bank has consistently emphasized the possibility of prolonged higher rates. There are no expectations of a cut at this juncture but hopes are alive that the Fed will go for a cut in June this year. Meanwhile, inflation remains above the Fed’s 2 per cent target. The US…