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Source: Live Mint Here’s a quick look at stocks likely to be in focus in today’s trade. Tata Steel Tata Steel announced on Sunday that it has received a show-cause-cum-demand notice from the tax authorities regarding the alleged wrongful utilization of input tax credit exceeding ₹1,000 crore for the financial years 2018-19 to 2022-23. Waaree…
Source: Live Mint Indian stock market extended its fall for the second consecutive session on Friday, with both the benchmark indices, Sensex and Nifty 50, closing over half a percent lower each, as escalating conflict between Israel and Iran triggered risk-off sentiment. The Sensex dropped 573.38 points, or 0.70%, to close at 81,118.60, while the…
Source: Live Mint The Nifty 50 closed at 24,609.70, down 203.75 points or 0.82%, while the BSE Sensex fell 644.64 points to settle at 80,951.99, marking a pause in the recent upward momentum. Interestingly, the Bank Nifty showed resilience by closing in the green at 54,941.30, up 133.80 points or 0.24%, indicating some strength in…
Source: Live Mint The Q3 FY25 earnings season, which kicked off in January, has nearly come to an end. However, around 108 companies are set to declare their financial results for the December quarter next week. Eicher Motors, Nykaa, Hindalco, Patanjali Foods, Varun Beverages, IRCTC, Lupin, Vodafone Idea, Ashok Leyland, Hindustan Aeronautics (HAL), Honasa Consumer,…
Source: Live Mint The big day is here! FM Sitharaman will deliver her 8th Budget speech at 11 a.m. Even though it’s a Saturday, stock markets (BSE and NSE) will remain open. This will be her second full Budget under Modi 3.0 and her eighth overall, including six annual and two interim Budgets during the…
Source: Live Mint The Cabinet Committee of Security’s latestapproval for orders worth ₹21,100 croreis seen as a shot in the arm for defence companies such as Hindustan Aeronautics Ltd (HAL), Bharat Electronics Ltd (BEL) and Larson and Toubro Ltd (L&T). A pickup in defence approvals and orders, which were in the slow lane for much…
Source: Live Mint Stocks to buy or sell: The Indian stock market indices closed lower after Friday’s market session as investors booked their profits amid a strengthening dollar and weak global cues. The Nifty 50 index closed 0.76 per cent lower at 24,004.75 points, compared to 24,188.65 points at the previous market close. The BSE…
Source: Live Mint Stocks to buy: The Indian stock market benchmark indices, Sensex and Nifty 50, traded lower on Monday following weakness in global market peers. While metals, realty and banking stocks gained, selling in FMCG, auto, oil & gas and IT stocks weighed on market s. In the month of December so far, Nifty…
Source: Live Mint Investors in the Hindustan Aeronautics Ltd (HAL) stock are jittery. Shares of the public sector aerospace and defence company have declined nearly 30% from their 52-week high of ₹5,674 apiece seen on 9 July and are currently trading at ₹4,075. The September quarter (Q2FY25) earnings of HAL had some positives such as…
Source: Live Mint Here’s a quick look at stocks likely to be in focus in today’s trade. IRCTC: Life Insurance Corporation of India (LIC) has raised its shareholding in Indian Railway Catering and Tourism Corporation (IRCTC) to approximately 9.3 percent, as revealed in a regulatory filing on Thursday. LIC’s stake in the railway sector ‘miniratna’…
