Based on the respective closing price on Tuesday, the total value of the shares that become eligible to be traded is worth ₹21,356.18 crore. It must be noted that the end of the shareholder lock-in does not mean all the shares will be sold in the open market. They only become eligible to be traded….
Stocks to Watch Today, May 13: Tata Power, Dr Reddys Labs, Texmaco Rail, Maruti Suzuki, Hindustan Zinc and others (Image: AI/ET Now) Stocks to Watch Today, May 13: Indian equities are set for stock-specific action on May 13 as markets digest a mixed batch of earnings and corporate updates. Dr Reddy’s, Tata Power and Torrent…
Global index provider MSCI has made changes to its Global Standard Index on Tuesday, May 13, which has resulted in the inclusion of Federal Bank Ltd., MCX Ltd., NALCO Ltd., and Indian Bank Ltd. On the flip side, MSCI has excluded RVNL, Kalyan Jewellers, Jubilant Foodworks and Hyundai Motor India from the global standard index….
Sensex Today | Stock Market LIVE Updates: There are news triggers to react to this morning. First, the increase on customs duty for gold, silver and other precious metal imports. Second, a 13-month high inflation print, and third, of course, being results. There is no let-off in oil prices, which remain near the $108 a…
Vodafone Idea Ltd. has informed the exchanges after market closing hours on Tuesday, May 12, that its board will meet on Saturday, May 16, to consider a fund raising proposal. The fund raising will be done through the issue of equity shares and / or warrants on a preferential basis, the exchange filing stated. Saturday…
The Reserve Bank of India is unlikely to allow the rupee to weaken to the 100-per-dollar level in the near future, even as pressure on the domestic currency continues to mount amid elevated crude oil prices and persistent global uncertainty, according to Dhiraj Nim, Economist and FX Strategist at ANZ Research. Speaking to CNBC-TV18, Nim…
Shares of Intel have added more than $440 billion to their market capitalization since the lows of March 30, surging to another record high on Monday, before witnessing some profit booking on Tuesday. The move has resulted in huge losses for traders who bet against the rally. However, they are not ready to throw in…
Chip stocks, that have seen a breathtaking rally over the last month saw some profit booking on Tuesday, May 12, leading to the S&P 500 and Nasdaq retreating from record high levels. Both indices though, recovered from the lows of the day but logged in losses. Losses were led by Broadcom Inc., Intel Corp., and…
Shibani Sircar Kurian, Head -Equity Research and Fund Manager at Kotak Mahindra AMC, which manages assets worth nearly $4.79 billion, said the ongoing Middle East conflict remains the biggest concern for Indian markets due to its potential impact on oil prices, growth and earnings. She said Kotak AMC remains selective, favouring financials, healthcare and parts…
Electronic components manufacturer Dixon Technologies Ltd. reported results for the March quarter after market hours on Tuesday, May 12, which were better than expectations across parameters. The company reported revenue of ₹10,510 crore during the quarter, better than the CNBC-TV18 poll projection of ₹10,239 crore, and 2% higher from the same quarter last year. Earnings…
