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Tata Motors among 4 stocks showing bullish RSI upswing
Four Nifty 500 stocks that gained more than 8% were identified through StockEdge.com's RSI Trending Up scan on June 12. The stocks showed RSI values crossing above 50 from lower levels, indicating strengthening momentum. The list includes Tata Motors, Tata Teleservices (Maharashtra), Netweb Technologies India and Authum Investment & Infrastructure.
Mcap of 8 most valued firms surges by ₹1.90 trn, ICICI Bank shines
The combined market valuation of eight of the top-10 most valued firms surged by Rs 1.90 lakh crore last week, with ICICI Bank stealing the show, in tandem with a rally in equities. Last week, the BSE benchmark Sensex jumped 1,284.61 points, or 1.73 per cent, and the NSE Nifty surged 256.2 points, or 1 per cent. "Indian equity markets ended a volatile week on a strong note, snapping a two-week losing streak amid improving global sentiment and supportive measures from the Reserve Bank of India (RBI) aimed at attracting foreign currency inflows," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. Investor confidence improved on optimism surrounding a potential USIran peace deal, which raised hopes of easing geopolitical tensions and stabilising energy markets, he added. From the top-10 pack, Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Bajaj Finance, Larsen & Toubro and Hindustan Unilever were the winners, while Tata Consultancy Services (TCS)
Top Gainers & Losers on June 11: Aegis Logistics, DOMS Industries, Tejas Networks, Vodafone Idea among top gainers
The Indian stock market struggled on June 11, with Nifty 50 down 0.24% and Sensex down 0.15%, as tensions in the Middle East escalated after US attacks on Iran, affecting investor sentiment and causing broader market losses.
Brokerages initiate coverage on Meesho, Bharti Airtel, 6 other stocks with up to 33% upside. Do you own any?
Brokerages have initiated coverage on eight Indian stocks, including Bharti Airtel and CG Power, with potential upside ranging up to 33%. Analysts are bullish on most of these companies, citing factors like network quality, capacity expansion, and diversified business exposure. However, one stock, Meesho, received an 'Underperform' rating due to concerns over deflating order values.
7 most valued firms' mcap eroded ₹1.25 trn last week, RIL took biggest hit
The combined market valuation of seven of the top-10 most-valued firms eroded by Rs 1.25 lakh crore last week, with Reliance Industries taking the biggest hit, in-line with a bearish trend in equities. Last week, the BSE benchmark Sensex declined 532.4 points, or 0.71 per cent, and the NSE Nifty dipped 181.05 points, or 0.76 per cent. "Persistent FII selling remained the key drag on market sentiment despite supportive developments such as cooling crude oil prices and a recovery in the rupee against the US dollar. Concerns regarding the pace of monsoon advancement also weighed on investor confidence," Santosh Meena, Head of Research at Swastika Investmart Ltd, said. From the top-10 pack, Reliance Industries, Bharti Airtel, Tata Consultancy Services (TCS), Bajaj Finance, Larsen & Toubro, Life Insurance Corporation of India (LIC) and Hindustan Unilever faced erosion from their valuation, while HDFC Bank, ICICI Bank, and State Bank of India were the gainers. The market valuation of ...
Adani Enterprises, Vodafone Idea among 6 stocks to hit 52-week high, rally up to 40% in a month
Even as the Sensex fell 117 points to close at 74,243 on Friday, six BSE 200 stocks touched fresh 52-week highs. Vodafone Idea, Adani Enterprises, CG Power, Polycab India, Adani Energy Solutions and Federal Bank outperformed the broader market, signaling strong investor confidence and continued bullish momentum.
Vodafone Idea share price gains despite stock market crash, jumps 40% in one month. More upside left? - Mint
Vodafone Idea share price gains despite stock market crash, jumps 40% in one month. More upside left?Mint
Top Gainers & Losers on June 2: Newgen Software Tech, Concord Biotech, TCS, HFCL, NMDC among top gainers
On June 2, Indian stocks rebounded with benchmarks up over 0.5%, driven by technology shares. The Nifty 50 and Sensex closed at 23,506 and 74,692, respectively. However, India fell to seventh in global market capitalisation due to overseas selling and weak earnings growth.
Mcap of 7 top valued firms erodes by ₹1.54 trn, Reliance takes biggest hit
The combined market valuation of seven of the top 10 valued firms eroded by Rs 1.54 lakh crore last week, with Reliance Industries taking the biggest hit. In a holiday-shortened last week, the BSE benchmark Sensex dropped 639.61 points, or 0.84 per cent, and the NSE Nifty declined 171.55 points, or 0.72 per cent. From the top 10 pack, Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, Tata Consultancy Services (TCS), Bajaj Finance and Hindustan Unilever faced erosion in their valuations, while State Bank of India, Larsen & Toubro and Life Insurance Corporation of India (LIC) were the gainers. The market valuation of Reliance Industries dropped by Rs 46,078.3 crore to Rs 17,87,039.40 crore. HDFC Bank's valuation eroded by Rs 33,333.06 crore to Rs 11,46,641.84 crore. The valuation of Bharti Airtel tumbled Rs 25,408.96 crore to Rs 11,14,886.53 crore and that of TCS dived Rs 22,920.58 crore to Rs 8,15,480.75 crore. The market capitalisation (mcap) of Hindustan Unilever ...
Top Gainers & Losers on May 27: JP Power Ventures, Adani Total Gas, HFCL, Swiggy, Suzlon Energy among top gainers
On May 27, the Indian stock market showed little movement amidst US-Iran conflict uncertainty. The Nifty 50 closed down 0.03%, and the Sensex fell 0.19%. Sector performance varied, with Nifty Media rising 3% and Nifty Private Bank among the top decliners.
Telecom subscriber base grows to 133.7 cr in April, Airtel stays on top: Trai data
Bharti Airtel secured the top spot in subscriber growth for April. The company added 34.82 lakh new customers, surpassing rival Reliance Jio in net additions for both wireless and wireline segments. India's total telecom subscriber base reached an all-time high of 133.75 crore. This growth highlights the dynamic nature of the Indian telecom market.
Govt AGR relief, fresh funding fuel 61% rally in Vodafone Idea stock since April
Vodafone Idea shares are soaring, hitting a 52-week high. Government relief on dues and promoter funding are boosting the stock. Operational improvements show narrowing losses and rising average revenue per user. The company is working to rebuild its subscriber base and navigate a competitive market. This positive momentum offers hope for future growth and stability.