Stock Market News Updates

In an interesting move, Zomato decided to pull back its listing date to 23 July instead of 27 July, as was originally scheduled. It may be recollected that the price...

The much awaited judgment by the Supreme Court on the telecom AGR issue is expected on 22 July. While Vodafone claimed arithmetic errors in the calculation, Airtel has claimed duplications...

Asian Paints rallied 7% and scaled the Rs.3 trillion market cap after reporting stellar results for the Jun-21 quarter. Net profits were up 162% yoy at Rs.574 crore on the...

It was a sort of Black Monday on 19 July with the Sensex closing 587 points lower on concerns over rising COVID 3.0 cases as well as a spike in...

FPIs pulled out Rs.4,515 crore from equities in the first two weeks of July, after being net buyers in June. It looks like FPIs are playing it cautious with markets...

Wipro consolidated net profit for Jun-21 quarter was up 36% at Rs.3,243 crore. Even on sequential basis, the net profits were up 9.1%. Top line revenues were up 22.3% at...

REITs and INVITs are finally coming of age in India with over Rs.55,000 crore raised between them. During FY21, while INVITs raised Rs.40,500 crore, REITs managed to collect close to...

S&P affirmed India’s sovereign rating at “BBB-”, which is the lowest investment grade rating. However, S&P maintained a stable outlook on macroeconomic recovery hopes. S&P expressed confidence that the recovery...

CPI inflation for Jun-21 was marginally lower at 6.26%. While core inflation fell from 6.55% to 6.19%, food inflation spiked from 5.01% to 5.15% due to delayed monsoons. Fuel inflation...

Tata Steel scaled another 4.5% on Friday after CARE Rating upgraded its long-term credit rating outlook for Tata Steel from Negative to Stable. The stock is already trading at a...

Zomato fixed the IPO price band for its Rs.9,375 crore IPO in the range of Rs.72 to Rs.76 per share. The issue will open on 14 July and close for...

There seem to be positive tidings on the real estate front. Bengaluru-based Sobha saw bookings rise by 40% to Rs.683 crore during the Jun-21 quarter, largely on the back of...

Oil appears to be on a boil as the price of WTI crude touched a 7-year high of $76.91/bbl. Brent is higher at $77.78/bbl, but the spread has substantially narrowed....

The government plans to sell 7.49% stake in NMDC through an offer for sale on 06 July, in a bid to mop up close to Rs.3,621 crore in divestment receipts....

For the week ended 02 July, 8 out of the 10 most valuable Indian companies on the Nifty by market cap saw combined erosion in value to the tune of...