The NSE Nifty 50 closed 156 points or 0.70% higher at 22,558.50, while the BSE Sensex closed 487 points or 0.66% at 74,339.44.
You have just one week to vote on the Ultimate Game of the Year for the 2023 Golden Joystick awards-
The Golden Joystick Awards has opened shortlists in three of its most major categories: Ultimate Game of the Year (UGOTY), Best Supporting Performer, and Best Lead Performer—and you can vote on them right now. If you’re wondering why I’m telling you this, it’s because the Golden Joystick awards are run by PC Gamer’s parent company, Future.
This is the 41st show, and the event’s been running strong since 1983. This year’s competition is massive, with over 20 categories the gaming public can vote on. Several opened earlier this month, but these three in particular were moved due to late arrivals like Spider-Man 2. Voting will stay open until 11pm GMT (4pm PT, 7pm ET) Monday, October 30.
The shortlist for Ultimate Game of the Year in particular is massive, owing to the fact this has been a pretty wild year for gaming. It saw one of our highest-scoring games in 16 years, the final pin in Cyberpunk 2077’s long, painful redemption story, and some fantastic out-of-n…
Upcoming IPOs this week- From SAR Televenture to Aprameya Engineering here are 8 new offerings
Around eight IPOs will hit the pipeline in the current week. All of these are SME IPOs, meanwhile, there are no IPOs in the mainboard segment. However, one mainboard IPO will close and list on the secondary bourses for trading this week.
Mainboard IPO
Sanstar
Sanstar will close its issue for bidding on July 23. The company is raising Rs 510.15 crore through a combination of fresh issue and an offer for sale. The company opened its IPO for investors on July 19 at a price band of Rs 90 to Rs 95 per equity share. A retail investor needs to bid for at least one lot containing 150 shares, amounting to Rs 14,250. Link Intime India is working as the registrar for the issue.
SME IPOs
SAR Televenture FPO
The company will open its follow-on public offer on July 22 and close it on July 24. SAR Televenture is entirely a fresh issue o…
Markets end flat on expiry day, Nifty tests 24,400; Tata Motors in top gear, shoots up 7%
Indian equity indices ended on a lower note on Thursday. The NSE Nifty 50 fell 7.40 points or 0.03%, from its previous close, to settle the day’s trading at 24,406.10. While the BSE Sensex closed 109 points points or 0.14% lower at 80,040. Auto and oil & gas stocks led the market’s recovery. L&T and Tata Motors along with HDFC Bank contributed the highest among other stocks, pushing the indices to close on a flat level.
“After a volatile session, the Indian market concluded on a flat note, influenced by lower-than-expected earnings growth from major banks,” said Vinod Nair, Head of Research at Geojit Financial Services.
Sectoral Index Bucked Trend
Bank Nifty slumped 428.25 points or 0.83% to end the session at 50,888.75. However, Nifty Midcap 100 added 131 points or 0.23% settling the day’s trading at 56,741.75. In the broader markets, smallcap and midcap stocks closed in the red.
Markets ed…
Stocks To Watch- LTIM, Asian Paints, IREDA, Glenmark Pharma, L&T Finance
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a gap down opening on Thursday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded lower as the index was down 38 points or 0.15% at 24,667.50 indicating a lower start for domestic indices NSE Nifty 50 and BSE Sensex on Thursday. Previously, on Tuesday, the NSE Nifty 50 rose 26 points or 0.11% to settle at 24,613, while the BSE Sensex advanced 51.69 points or 0.06% to close at 80,716.55.
Stocks to watch on July 18, 2024
LTIMindtree
LTIMindtree reported a sequential increase in its revenue and net profit for the quarter that ended June, driven by deal ramp-ups and a rise in digital spending by clients. However, while the topline exceeded estimates, the bottom line slightly missed Street expectations. The consolidated revenue rose nearly 3% quarter-on-quarter to Rs 9,142.6 cr…
Share Market Highlights- Nifty settles below 19650, Sensex below 65630; Bank Nifty sheds over 130 points
Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices settled in the negative territory on Thursday. The NSE Nifty 50 fell 46.40 points or 0.24% to settle at 19,624.70, while the BSE Sensex shed as much as 247.78 points to 65,629.24. The broader indices ended largely in red except for the Smallcap stocks. The Bank Nifty index shed 134 points, or 0.31% to settle at 43,754.50. Among the other sectoral indices, Metal, Financial Services, Pharma, Realty and Private Bank stocks ended in the red, while Auto, FMCG, Media and Consumer Durables added gains.Wipro, Tech Mahindra, Sun Pharma, NTPC and UPL were the top laggards on the NSE Nifty 50, while the top gainers included Bajaj Auto, LTIMindtree, Hero MotoCorp, Nestle India and UltraTech Cement. The volatility index (India VIX) settled down 1%.
Live Updates
Shar…
Stock Market Highlight- Markets close higher! Nifty above 22,550, Sensex gains over 480 points led by PSU banks and pharma stocks
Share Market News Today | Sensex, Nifty, Share Prices Highlight: The benchmark equity indices closed Thursday’s trading session in positive territory. The NSE Nifty 50 closed 156 points or 0.70% higher at 22,558.50, while the BSE Sensex advanced 486.50 points or 0.66% to close at 74,339.44. The broader indices closed on a green note. Bank Nifty index closed lower by 310.20 points or 0.64% to settle at 48,499.20.
Live Updates
15:34 (IST) 25 Apr 2024
Markets at close
15:04 (IST) 25 Apr 2024 …
Jefferies upgrades Lupin to hold from an underperform; raises target price to Rs 1460
Jefferies has revised its stance on Lupin, upgrading it from Underperform to a Hold rating, while concurrently increasing the target price from Rs 1,190 to Rs 1,460 per share.
The recommendation comes on the heels of a projected 4-7% increase in FY25/26 revenue, attributed to heightened revenue from India and gSpiriva, the latter enjoying a greater market share in the absence of competition. Jefferies identifies these segments as high-margin contributors, foreseeing an 8-14% rise in earnings per share (EPS).
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Entero Healthcare Solutions IPO open for retail investors; Should you subscribe find out?
Aligned with the ongoing re-rating of the pharmaceutical sector’s valuations, Jefferies has adjusted the target price-earnings (PE) multiple to 22x, up from 20x. This adjustment yields a revised target price of Rs 1,460, reflecting the positive outlook …
What’s the brokerage view on Bandhan Bank as MD & CEO Ghosh resigns- All details here
The broking firm Motilal Oswal has maintained a ‘Neutral’ rating on the stock of Bandhan Bank. It also kept the target price unchanged at Rs 190 a piece. The brokerage house iterated its rating and price target after the bank’s managing director and chief executive officer, Shekhar Ghosh, announced retirement upon completion of his tenure on July 09.
The bank is now searching successor for Shekhar Ghosh before the completion of his tenure. The resignation of Ghosh came as a surprise for markets as the board of the bank had approved his name, recently, for another term. The bank will now have to submit a shortlist of names to the RBI for approval before his tenure is completed, “this may entail the evaluation of external candidates as well,” said the brokerage firm.
The top-level exit will drag the growth of the bank in FY25. It has already witnessed a lot of changes in the upper management. The bank recently hired various people for lead…
Suzlon Energy receives warning from NSE; shares up for 7th straight day
Suzlon Energy has received a warning letter from the National Stock Exchange for not disclosing an analyst or institutional investor meeting details on exchanges two days before having it.
According to an exchange filing, the company conducted an analyst meeting on November 06, 2023, the disclosure for which was made on the same day. However, the provision is that the company needs to disclose the same two days ahead of having such kinds of meetings or events. “As per Regulation 30 read with sub-para 15(a) of Para A Part A of Schedule III of SEBI LODR, the listed entity shall inform schedule of analysts or institutional investors meet at least two working days in advance (excluding the date of intimation and date of meet),” read the filing.
“The aforesaid non-compliance on your part is viewed seriously. You are hereby warned and advised to be careful in future, exercise due caution and initiate corrective steps to avoid the recurrence of such laps…
Tata Steel Q2 loss at 6196 crore; should you buy, sell or hold stock-
Tata Steel’s stock price advanced by 0.94% to Rs 117.70 a day after the company posted a surprising net loss of Rs 6,196 crore on a consolidated basis for the second quarter of FY24, also missing street estimates, impacted by weak performance of its European operations. In comparison, the steel major had posted a net profit of Rs 1,514.42 crore in the comparable year-ago period. During the quarter review, the Tata Group firm’s consolidated revenue fell 7% to Rs 55,682 crore from Rs 59,878 crore recorded in the year-ago quarter.
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Sun Pharma’s shares advance on Q2 results; Should you buy, hold or sell the stock?
Tata Steel’s stock has delivered a mixed performance in the last one year. The stock price dropped 3% in the last five days and 8.59% in the last one month. The stock, however, has offered returns of 6% in the last six months and over 1…