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Stock market news: Indian stock market saw a recovery in the final trading session of the week, with both Sensex and Nifty 50 increasing by approximately 1%, driven by positive sentiment regarding US-China trade talks. On Friday, the indices were boosted by purchases in major companies like Reliance Industries, HDFC Bank, and ITC. Moreover, expectations…
Stock market news: The key domestic indices, Sensex and Nifty 50, closed lower on Friday due to profit-taking in IT stocks and Bharti Airtel shares following a significant rally in the previous session. The Sensex fell by 200.15 points, or 0.24%, settling at 82,330.59. At one point during the day, it dropped by 383.79 points,…
Stock market news: Indian stock markets in the week ahead, starting Monday, will be influenced by geopolitical events, especially the ongoing tensions with Pakistan, along with macroeconomic indicators and corporate earnings, according to market analysts. The Nifty 50 wrapped up the week at 24,008.00, reflecting a decrease of 1.39%, while the Sensex closed at 79,454.47,…
ICICI Prudential Mutual Fund purchased 15,295 shares of Ethos on May 7, 2025. Through its different schemes, it previously acquired 5,54,721 shares of the company on December 9, 2022. Currently, ICICI Prudential Mutual Fund holds a 7.06% ownership stake in Ethos. “The fund under its schemes has carried out net acquisition of 15,295 shares of…
Rekha Jhunjhunwala stocks: ICICI Prudential Fund informed exchanges that it has raised its stake in the general insurance company, Star Health and Allied Insurance, also part of Rekha Jhunjhunwala’s portfolio, to past 5% mark. The mutual fund house in a filing on May 5 said that the schemes of ICICI Prudential Mutual Fund acquired 13,85,269…
Radico Khaitan, one of the most recognized IMFL (Indian Made Foreign Liquor) brands in India, saw its share price jump 4% in intraday trade on Monday, May 5, reaching ₹2,545 apiece after domestic brokerage firm ICICI Securities initiated coverage on the stock with a ‘buy’ rating and a target price of ₹2,900 apiece. This implies…
Stock market news: The domestic equity market benchmark indices, Sensex and Nifty 50, saw a minor uptick on Friday, ending off day’s high, as investors resorted to profit-booking at higher levels. Optimism surrounding a potential India-US trade deal, record high April GST collection, and continuous inflow of foreign funds, was offset by potential geopolitical tensions…
Stocks to buy for the long term: Despite strong volatility caused by heightened uncertainty surrounding the trade war, Q4 earnings, and geopolitical tensions, the Indian stock market benchmark Nifty 50 extended its gains for the second consecutive month in April. Even as the volatility index, India VIX, surged 43.3 per cent last month, the Nifty…
Stock market today: The domestic benchmark indices, Nifty 50 and Sensex, made a modest climb at the start of trading on Monday, buoyed by stronger-than-anticipated earnings from major player Reliance Industries and favorable signals from Asian markets, although increasing geopolitical tensions between India and Pakistan limited the rise. The Sensex surged by 456.05 points to…
A comparison of FY25 results of India’s two largest private sector lenders by total assets shows ICICI Bank continues to maintain its lead over the top player, HDFC Bank, in some key parameters. Both declared results on 19 April. ICICI Bank’s FY25 net interest margin (NIM) stood at 4.3% versus 3.5% of HDFC Bank, which…