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Sensex, Nifty advance strongly; IT shares shine
At 14:30 IST, the barometer index, the S&P BSE Sensex jumped 510.32 points or 0.69% to 74,783.55. The Nifty 50 index rallied 146.60 points or 0.63% to 23,530.45.
Benchmarks trade sideways; media shares advance for 2nd day
At 11:30 ST, the barometer index, the S&P BSE Sensex, added 55.16 points or 0.08% to 75,926.16. The Nifty 50 index fell 17.95 points or 0.08% to 23,889.20.
Monetise idle household gold, ease compliance burden to build Viksit Bharat: Kotak MF's Nilesh Shah
Nilesh Shah of Kotak Mutual Fund suggests India must unlock its vast household gold reserves. He also calls for easing business regulations. These steps are crucial for India's development. He highlighted significant gold imports and the potential of gold financing. Entrepreneurs are driving innovation despite challenges. Support for businesses is vital for global competition.
Premier Energies shares in focus as promoters sell stake worth Rs 2,289 crore. Check top buyers
Promoter family members of Premier Energies sold shares worth around Rs 2,289 crore through a block deal, while institutional investors, including Quant Mutual Fund and Nomura, picked up stakes. The development comes amid strong investor interest in renewable energy and domestic solar manufacturing, supported by robust earnings growth and aggressive capacity expansion plans.
Premier Energies bulk deal: Promoters sell stake worth Rs 2,289 crore; Quant, Nomura among top buyers
Premier Energies' promoters divested shares worth nearly Rs 2,289 crore to institutional investors, including Smallcap World Fund and Quant Mutual Fund. This move coincides with heightened interest in India's solar manufacturing sector, driven by policy support and robust earnings. The company is aggressively expanding its module and cell capacities, with analysts maintaining a positive outlook.
Sensex jumps 427 pts; auto shares advance for 4th day in row
At 12:28 IST, the barometer index, the S&P BSE Sensex added 427.10 points or 0.57% to 75,614.09. The Nifty 50 index rose 135.90 points or 0.57% to 23,790.60.
Barometers trade sideways; consumer durables shares advance
At 12:28 IST, the barometer index, the S&P BSE Sensex fell 79.13 points or 0.09% to 75,247.82. The Nifty 50 index rose 8.95 points or 0.04% to 23,663.40.
Nifty trades above 23,400 level; oil & gas shares advance
At 11:30 IST, the barometer index, the S&P BSE Sensex, advanced 28.18 points or 0.04% to 74,587.42. The Nifty 50 index rose 29.15 points or 0.12% to 23,410.65.
Baroda BNP Paribas MF sees easing crude boosting rate-sensitive stocks, chemicals
Baroda BNP Paribas Mutual Fund Senior Fund Manager Jitendra Sriram said softer crude prices could improve sentiment for India and support interest rate-sensitive sectors. He believes refining, oil marketing and select specialty chemical companies may benefit if West Asia tensions ease. Sriram also cautioned that higher raw material and logistics costs may pressure corporate earnings over the next few quarters despite resilient recent results. Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
Nifty settles above 24,150 mark, FMCG shares advance
As per provisional closing data, the barometer index, the S&P BSE Sensex jumped 609.45 points or 0.79% to 77,496.36. The Nifty 50 index surged 181.95 points or 0.76% to 24,177.65.
Sensex rallies over 1,257 pts; realty shares advance
At 14:30 IST, the barometer index, the S&P BSE Sensex, surged 1,256.55 points or 1.64% to 78,104.12. The Nifty 50 index rose 394.35 points or 1.65% to 24,231.45.
Rajesh Palviya of Axis Sec suggests ACME Solar, Shriram Finance, Hindalco shares to buy today
On March 20, Nifty 50 and Sensex opened higher after a significant drop, buoyed by easing oil prices. The indices experienced a decline of 3.3% previously, with HDFC Bank losses leading. ACME Solar shows bullish momentum while Shriram Finance and Hindalco indicate bearish trends.