PSU stocks HUDCO, Cochin Shipyard among 13 additions into FTSE All-World index

PSU stocks HUDCO, Cochin Shipyard among 13 additions into FTSE All-World index

The global index provider FTSE said on Friday that 13 Indian equities were now included in the FTSE All-World Index. Large and mid-cap equities from several countries are included in this index; the most recent additions were from India. GE T&D India, Hitachi Energy India, Bank of Maharashtra, Bharat Dynamics, Central Bank of India, Cochin … Read more

Wall Street surges as Powell cements September rate cut hopes

Wall Street surges as Powell cements September rate cut hopes

The anticipation that the US Federal Reserve will lower its key policy rate in September was reinforced by Jerome Powell’s dovish comments on Friday, which saw a spike in US markets. The Fed funds target rate should be lowered because “the upside risks of inflation have diminished,” Powell stated in remarks that were eagerly anticipated … Read more

Powell’s Fed not shy about election-year cuts, ready to defend job market

Powell's Fed not shy about election-year cuts, ready to defend job market

Jerome Powell, the chair of the Federal Reserve, made it abundantly evident on Friday that safeguarding the labour market was now the central bank’s top priority and that it would not hesitate to switch to interest rate reductions in the closing weeks of a presidential election campaign. In an address to the Kansas City Fed’s … Read more

Is Indian stock market closed on Monday for Janmashtami?

Is Indian stock market closed on Monday for Janmashtami?

The festival of Janmashtami, which is celebrated throughout India on Monday, August 26, 2024, is characterized by a variety of religious rites, fasting, and joyous festivities. On August 26, banks will be closed in several places due to festivities. Banks will be closed in Gujarat, Odisha, Chandigarh, Tamil Nadu, Uttarakhand, Sikkim, Andhra Pradesh, Telangana, Rajasthan, … Read more

Zomato, Paytm, RVNL, BPCL and more: Top 7 Technical picks by StoxBox

Zomato, Paytm, RVNL, BPCL and more: Top 7 Technical picks by StoxBox

August 2024’s “Techno Funda Super 7 picks” from StoxBox feature seven firms that combine growth potential and sturdiness. Expert market analysis was used to choose these equities, which should provide both short-term and long-term returns. Let’s take a deeper look at StoxBox’s selections: BPCL An important participant in the Indian oil and gas industry, BPCL … Read more

Awfis Space Solutions zooms 17% to hit all-time high; up 120% from IPO price

Awfis Space Solutions zooms 17% to hit all-time high; up 120% from IPO price

Multibagger alert: After the firm announced the establishment of two new centres at Mantri Commerce and Vista Pixel in Bengaluru, the share price of Awfis Space Solutions soared by more than 17% during Thursday’s session, hitting an all-time high at โ‚น925.25 apiece on the BSE. According to the company’s exchange filing, these centres, which have … Read more

PVR Inox promoters trim stake in the company; sell 0.33% stake via open market

PVR Inox promoters trim stake in the company; sell 0.33% stake via open market

The multiplex network PVR Inox said on Thursday that Ajay Kumar Bijli, the company’s promoter, had reduced his ownership position. The price of PVR Inox shares went slightly up following the announcement. The business said in a regulatory filing that the promoters, including Ajay Bijli, sold 3.25 lakh PVR Inox shares in total through open … Read more

Kalyan Jewelers stock zooms over 8% on large block deals, up 440% in 15 months

Kalyan Jewelers stock zooms over 8% on large block deals, up 440% in 15 months

One of the biggest jewellery companies in India, Kalyan Jewellers India, saw its shares soar 8.3% in early morning trading to hit โ‚น589.45 a share, after news broke of five sizable block deals for โ‚น3,585 crore on August 22. An estimated 6.6 crore shares, or 6.4% of the jewellery company, were reportedly swapped today at … Read more

IREDA share price rises 7% on fundraise move. More upside possible?

IREDA share price rises 7% on fundraise move. More upside possible?

During Thursday morning trading, shares of the Indian Renewable Energy Development Agency (IREDA) saw a significant increase following the announcement of the board of directors meeting to discuss and approve the rise. In comparison to Wednesday’s closing price of โ‚น238.95 per share, the IREDA share price today opened with an upside gap at โ‚น246 apiece … Read more

Paytm share price jumps over 5%, Zomato gains 2% on ticketing business deal

Paytm share price jumps over 5%, Zomato gains 2% on ticketing business deal

After Paytm announced that it would sell its tickets and entertainment division to food delivery service Zomato for โ‚น2,048 crore, the financial giant’s share price increased by more than 5%. The BSE saw a 5.47% increase in Paytm shares to โ‚น604.45, and a 2.71% increase in Zomato shares to โ‚น267.00 each. Zomato will purchase One … Read more