The recent correction in gold and silver prices should be seen as a buying opportunity rather than a warning sign, according to Juerg Kiener, Managing Director and CIO of Swiss Asia Capital. He believes both precious metals could eventually move to fresh highs despite the recent sell-off. Gold and silver have come under pressure as…
Drug firm Jubilant Pharmova Ltd on Wednesday (June 24) said its wholly owned step-down subsidiary Jubilant Generics Ltd (JGL) has received an order from the Income Tax Department in the matter relating to Assessment Year 2023–24. The company said Jubilant Generics had filed a rectification application in respect of income assessed by the Income Tax…
HCL Technologies Ltd. on Wednesday, June 24, announced two strategic partnerships aimed at boosting its artificial intelligence-led offerings across the telecom and enterprise technology segments. The company said it has expanded its partnership with Nokia to accelerate autonomous networks through AI-driven network automation, while also signing a long-term agreement with renewable fuels producer Neste to…
Equitas Small Finance Bank Ltd on Wednesday (June 24) said it has approved enabling resolutions to raise capital through multiple routes, along with key management and board-level changes. The bank’s board has approved a proposal to seek shareholder approval at its 10th Annual General Meeting (AGM) to raise capital through issuance of rated, listed, unsecured,…
Market expert Rohit Srivastava expects Nifty to target 25,000 and Bank Nifty 61,000. (Pic Credit: YouTube/ETNOW) Highlights Nifty could rally to 25,000 if the crucial 23,800 support level remains intact. Bank Nifty may climb to 61,000 as financials emerge as the market’s key growth driver. Defence sector pullback is a buying opportunity; Nifty Defence may…
The Enforcement Directorate (ED) on Wednesday (June 24) said it has conducted search and seizure operations under the Foreign Exchange Management Act (FEMA), 1999, at 9 premises located in Bengaluru and Mumbai, in connection with an investigation into the gold refining and jewellery manufacturing company, Rajesh Exports Ltd (REL) and connected persons. The searches began…
The report highlighted a notable shift in the geographical distribution of investors over the last few years. Compared with May 2022, North India’s share of new investor additions has increased by 5 percentage points between FY22 and FY27TD. According to the report, this growth has been largely driven by Uttar Pradesh, whose share of registrations…
Axis Mutual Fund’s Head of Equity Shreyash Devalkar breaks down where real earnings strength is emerging and why midcaps continue to outperform largecaps. Indian equities may have crossed the 24,000-mark amid continued uncertainty around foreign institutional flows, but the underlying market fundamentals remain robust, according to Shreyash Devalkar, Head of Equity at Axis Mutual Fund….
Stock Market Today, June 24 Highlights: Benchmark indices Sensex and Nifty ended in green on Wednesday, June 24, after falling sharply in the previous session, following softening crude oil prices and buying in blue-chips. The 30-share BSE Sensex surged 790.54 points or 1.04 per cent to close at 76,991.22, while the 50-share Nifty50 rallied 197.55…
The equity benchmark indices on Wednesday (June 24) ended sharply higher, with BSE Sensex rising 791 points to 76,991 and Nifty gaining 198 points to 24,022, closing near the day’s high. Here are three reasons why the market rose today: 1. Heavyweight push from financials and IT stocks Index majors ICICI Bank, HDFC Bank and…
