[ad_1] Even as Srini Pallia, a Wipro veteran, is set to take charge as the chief executive officer (CEO) of the company, analysts expect the stock’s underperformance to continue in the near-future. This, they believe, will be on the back of likely loss of market share, and difficult business environment. “We expect Wipro … Read more
[ad_1] Nifty 50 Index The Nifty 50 Index, currently positioned at 22513.70, is exhibiting a near-term trend characterised by trading within a defined range. This range-bound behavior is also evident on the Relative Strength Index (RSI), a key technical indicator. The identified range spans from 22,300 to 22,625. A breach above or below this … Read more
[ad_1] Bankers expect the momentum to persist amid rapid economic growth and expectations of political stability as the general elections start later this month. Indian telecom operator Bharti Hexacom received bids worth 702.51 billion rupees ($8.43 billion) in its initial public offering, outpacing its offer size of 42.75 billion rupees, exchange data showed on … Read more
[ad_1] Equity benchmark indices Sensex and Nifty settled lower for the second straight session on Wednesday due to profit-booking in select banking and auto stocks amid mixed trends from the global markets and outflow of foreign funds. The 30-share BSE Sensex declined by 27.09 points or 0.04 per cent to settle at … Read more
[ad_1] The 360-day correlation between stocks in China and India has fallen to the lowest level on record, as two of the world’s largest markets increasingly appear to be going in opposite directions. The link between moves in the MSCI China Index and MSCI India Index weakened last week below its previous all-time … Read more
[ad_1] Web Exclusive VIP Industries, which was set up in 1971, has four factories that together produce nearly five million pieces annually Shares of VIP Industries have shot up 13 per cent to Rs 524.55 on the BSE in Thursday’s intra-day trade amid heavy volumes. This comes a after the management unveiled plans for … Read more
[ad_1] Bharti Airtel’s arm Bharti Hexacom on Tuesday said it has fixed a price band of Rs 542 to Rs 570 per share for its Rs 4,275-crore initial public offering (IPO). The initial share-sale of the telecom operator’s arm will be open for public subscription during April 3-5, and the bidding for anchor … Read more
[ad_1] Stock markets took a breather on Monday from their record highs of recent sessions as investors looked to an abbreviated trading week, capped by key US inflation data on Friday, due to the impending Easter holiday. Wall Street’s main indices kicked off the week on a lower note. Market participants are hoping … Read more
[ad_1] ILLUSTRATION: AJAY MOHANTY Public sector banks (PSBs) have delivered significant outperformance over the past three years and the sector has been re-rated. Given the growth and profitability expectations of an 18 per cent return on equity (RoE) over FY24-26, there is still a case for buying at the current levels. While … Read more
[ad_1] Shares of NTPC, (formerly known as National Thermal Power Corporation), zoomed nearly 4 per cent in Thursday intraday trade. The Indian public sector undertaking is engaged in the generation of electricity and other activities. The stock of the power PSU was trading 3.65 per cent higher at Rs 324.75 intraday. The NTPC … Read more