Stock Market: News

05 Feb 2024

Reliance Industries

Jio Financial shares skyrocket 15%: Is Reliance acquiring crisis-hit Paytm? 

Jio Financial Services (JFS) shares jumped almost 15% on Monday as reports emerged that the demerged firm from Reliance Industries is looking to acquire Paytm's wallet business.

05 Feb 2024

Tata Motors Ltd

Tata Motors shares hit record high: What's fueling rally

Tata Motors's stock soared over 7% today, reaching an all-time high after announcing impressive earnings for the October-December 2023 quarter.

05 Feb 2024

Hyundai

Hyundai India plans to launch IPO this Diwali

Hyundai is considering taking its Indian subsidiary, Hyundai Motor India (HMIL), public in what could be India's largest initial public offering (IPO) ever.

02 Feb 2024

IndiGo

IndiGo's Q3 profit surges 111% to nearly Rs. 3,000 crore

IndiGo's parent company, InterGlobe Aviation Ltd., recorded a 111% YoY increase in net profit during Q3 FY24, reaching Rs. 2,998 crore.

02 Feb 2024

Finance

Delhivery's Q3 revenue up 20% YoY to Rs. 2,194 crore

Delhivery has announced a net profit of Rs. 11.7 crore for the quarter ending in December 2023.

02 Feb 2024

Tata Motors Ltd

Tata Motors reports two-fold jump in Q3 FY24 net profit

Tata Motors has reported a whopping Rs. 7,025 crore net profit for the October-December quarter, doubling from Rs. 2,957.71 crore during the same period last year.

02 Feb 2024

Sensex

Sensex gains 440 points, Nifty settles above 21,850 mark

On Friday, the benchmark Sensex and Nifty indices saw gains.

02 Feb 2024

Sensex

Reliance becomes the most valuable company in India

Reliance Industries' shares soared to new heights today, driving its market capitalization past Rs. 20 lakh crore.

02 Feb 2024

Nifty

Nifty touches all-time high of 22,126 points: What's driving rally?

Today (February 2), the Nifty 50 index soared 2%, reaching a record high of 22,126.80 points during intraday trading.

02 Feb 2024

Paytm

Following RBI curbs, Paytm shares fall 20% for second day

Paytm's shares hit lower circuit for the second consecutive session today, dropping 20% to Rs. 487.20. The two-day losses have wiped out $2 billion from its market value.

01 Feb 2024

Sensex

Sensex falls over 100 points, Nifty ends below 21,700 mark

The stock market closed on a flat note on Thursday with the Sensex ending the day in red at 71,645.30 points and Nifty closing at 21,697.45 points.

01 Feb 2024

NASDAQ

23andMe's valuation down 98%, might be delisted from NASDAQ

Once a $6 billion company, 23andMe, a direct-to-consumer DNA testing firm, now faces an uncertain future.

01 Feb 2024

Paytm

RBI's crackdown on Paytm Bank raises concerns of license revocation

There seems to be no end to bad news for Paytm Payments Bank Limited (PPBL).

31 Jan 2024

Bank of Baroda

BoB stocks surge to all-time high on strong Q3 results

Bank of Baroda shares rallied over 4.25% today, reaching an all-time high of Rs. 249.65. The movement was driven by the lender's strong Q3 results.

31 Jan 2024

Sensex

Sensex gains over 610 points, Nifty settles above 21,725 mark

On Wednesday, the stock market had a bearish opening but the benchmark Sensex and Nifty indices witnessed a surge.

30 Jan 2024

Maruti Suzuki

Tata Motors zooms past Maruti as India's most valuable automaker

Tata Motors has surpassed Maruti Suzuki in market capitalization thanks to a 5% increase in its share prices today.

Why foreign funds are opposing SEBI's instant settlement plan

Foreign Portfolio Investors (FPIs) are concerned about the Securities and Exchange Board of India's plan to introduce new trade settlement plans in equity markets.

30 Jan 2024

Sensex

Sensex falls over 800 points, Nifty settles near 21,520 mark

On Tuesday, the benchmark Sensex and Nifty indices witnessed a slump.

30 Jan 2024

Nifty

Tata Investment shares rally 20% to hit all-time high

Tata Investment Corporation's stock soared to an all-time high on Tuesday, with shares skyrocketing 20% after the company revealed a substantial boost in net profit for Q3 of FY24.

30 Jan 2024

HDFC Bank

India's FII outflows hit record high this January: Here's why

In January, India's equity markets saw the largest outflows in Asia, with foreign institutional investors (FIIs) withdrawing $2.62 billion from Indian exchanges.

29 Jan 2024

Bajaj Finance

Bajaj Finance's Q3 net profit climbs 22.4% to Rs. 3,639cr

Bajaj Finance has posted a 22.4% increase in consolidated net profit for the October-December quarter of the present fiscal year.

29 Jan 2024

SpiceJet

SpiceJet gains nearly 4.5% on securing Rs. 900 crore funding

SpiceJet shares surged nearly 4.5% today as the low-cost carrier secured over Rs. 900 crore in funding.

29 Jan 2024

Business

Bharat Petroleum's Q3 profit increases 73% to nearly Rs. 3,400cr 

Bharat Petroleum Corporation Ltd (BPCL) has announced a 73.4% increase in net profit for the quarter ending December 2023, reaching Rs. 3,397.30 crore.

29 Jan 2024

Sensex

Sensex gains over 1,240 points, Nifty settles near 21,740 mark

On Monday, the stock market closed on a bullish note. The Sensex gained 1,240.9 points or 1.76%, to settle at 71,941.57 points, while the Nifty climbed 385 points or 1.8%, closing at 21,737.6 points.

29 Jan 2024

Reliance Group

Reliance shares hit record high, m-cap crosses Rs. 19L crore

Reliance Industries's stock soared to an all-time high on Monday, pushing the company's market capitalization past Rs. 19 lakh crore for the first time ever.

29 Jan 2024

China

China Evergrande, with $300B in debt, ordered to liquidate

A Hong Kong court has ordered the liquidation of China Evergrande Group, the world's most indebted property developer with over $300 billion in liabilities.

26 Jan 2024

Tesla

Tesla's valuation plummets $80bn after Musk warns of slowing sales

Tesla's stock took a nosedive of over 12% on Thursday, causing a staggering $80 billion loss in market value.

25 Jan 2024

Adani Group

Adani Power's Q3 net profit soars to Rs. 2,738 crore

Adani Power reported a surge in its consolidated net profit for Q3 FY24, reaching a whopping Rs. 2,737.96 crore.

25 Jan 2024

Zee

Zee quits $1.4bn cricket TV rights deal with Walt Disney

Zee Entertainment has reportedly backed out of a deal with Walt Disney, to acquire cricket TV rights for an estimated $1.4 billion, according to Reuters.

25 Jan 2024

Punjab National Bank

PNB's Q3 profit surges three-fold to over Rs. 2,200 crore

Punjab National Bank (PNB) has reported a significant increase in its profit for the quarter ended December 2023.

25 Jan 2024

Sensex

Sensex slips 360 points, Nifty holds 21,350 mark

On Thursday, the benchmark Sensex and Nifty indices were on a downward trend. While the former plunged 0.51% to end at 70,700.67 points, the latter fell 0.47% to close at 21,352.60 points.

HPCL tanks 5% as Q3 profit and revenue miss estimates

Hindustan Petroleum Corporation Limited (HPCL) recorded a net profit of Rs. 529 crore in Q3, a threefold increase YoY but nearly 90% drop from Q2.

25 Jan 2024

DLF

DLF shares gain 4% as Q3 net profit rises 27%

DLF saw its share prices jump 3.8% in early trading today, after announcing a 26.6% year-over-year increase in consolidated net profit for the quarter ending December 2023.

24 Jan 2024

Sensex

Sensex climbs 690 points, Nifty settles above 21,450 points

On Wednesday, the stock market had a bearish opening but the benchmark Sensex and Nifty indices witnessed a late surge.

24 Jan 2024

Paytm

SoftBank sells 2% stake in Paytm in first profitable sale

Japanese investment giant SoftBank has sold a 2% stake in Paytm's parent company One97 Communications Ltd., raking in over $200 million.

24 Jan 2024

China

Amidst plummeting stocks, China restricts shorting of stock index futures

China's stock market regulators have directed some hedge fund managers to limit short selling in the nation's stock index futures market in an effort to stabilize plummeting stocks.

23 Jan 2024

ICICI Bank

ICICI Bank shares hits record high despite market downturn

ICICI Bank's stock on Tuesday jumped to a record high of Rs. 1,067.40 on the BSE.

23 Jan 2024

Agriculture

Sugar stocks down in India on production worries

India's sugar production has seen a decline compared to last year.