A rising tide lifts all boats and that is precisely what seems to be happening in the equity markets. When the euphoria sees froth building up, market participants often describe it as a bubble.
Companies and Markets
Companies & Markets
Infosys founder NR Narayana Murthy (in pic) has mounted fresh attack on the present management of the IT major by demanding that the internal probe into the Panaya deal be made public.
Steel tycoon Sajjan Jindal’s JSW Steel will consider an investment from Japan’s second-biggest mill as the Mumbai-based firm looks to acquire distressed companies in India, according to joint managing director Seshagiri Rao.
The country’s largest oil refiner, Indian Oil Corporation (IOC), on Thursday post ed a 45 per cent drop in its June quarter net profit after inventory losses ate into refining margins even as the petrochemical segment generated lower profit.
The company reported a net profit of Rs 4,548.51 crore, or Rs 9.60 per share, for the quarter ended June 2017, a drop of 45 per cent, against net profit of Rs 8,268.98 crore, or Rs 17.45 a share, reported in the same period of the previous fiscal.
Key equity indices Sensex and Nifty registered losses at the open today on account of lower exposure by investors as the RBI's 25 bps rate reduction did little to lift spirits amid a weak Asian trade.
Markets regulator Sebi on Wednesday issued a disgorgement order amounting to Rs 125 crore in an alleged insider trading case in the stocks of MCX prior to the National Spot Exchange (NSEL) fiasco.
Rate cut hopes lifted markets to records today as the Sensex surged 111 points to 32,687 and Nifty hit a life high of 10,138, with interest-sensitive stocks hogging the limelight ahead of RBI policy outcome.
The Nifty spurted 24 points to scale a new record of 10,101 and the Sensex rallied over 100 points at the open today, fuelled by strong corporate earnings and positive global developments.
Public sector lender Bank of Maharashtra, on Monday reported a net loss of Rs 412.20 crore for the June quarter against a net loss of Rs 397.40 crore in the year ago quarter, as the bank's non-performing assets continued to increase and it was unable to lend more on the back of weak credit demand.
An analysis of Nifty 50 says 15 stocks have been a part of Nifty 50 since the launch of the index in 1996. These are all-weather companies and are worth holding for your retirement years given their return and longevity.