Category: Stock Market
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Sensex, Nifty End Samvat 2080 on Muted Note, Down 0.5% Due to IT Stock Decline
The Indian stock market concluded Samvat 2080 on a lackluster note, with the benchmark indices experiencing a decline of 0.5% due to significant losses in IT stocks. The Sensex dropped 345 points to 61,271, while the Nifty50 index fell 91 points to 18,245. The market’s downward trajectory was primarily driven by the IT sector, with…
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Sensex Suffers 1,823-Point Loss This Week: check reasons here
India’s stock market witnessed a significant downturn this week, with the benchmark Sensex plummeting 1,823 points. The Nifty50 also fell sharply, losing 530 points. This decline marks a reversal from the market’s recent upward trend. Analysts attribute the market downturn to various domestic and global factors. One key reason is the weakness in the Indian…
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Bajaj Finance’s Q2 Profitability to Get Boost from Strong Loan Book and IPO Arm Stake Sale
Bajaj Finance is poised to report strong financial results for the second quarter of FY25, driven by robust loan growth and improved asset quality. Analysts predict double-digit growth in Net Interest Income (NII) and profit for the quarter ended September. According to estimates, Bajaj Finance’s NII is expected to grow 22-25% year-over-year, driven by strong…
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Sensex, Nifty 50 fall for second consecutive session; Mahindra and Mahindra, Infosys top drags
The Indian stock market witnessed another day of losses, with the BSE Sensex and NSE Nifty 50 Index declining for the second consecutive session. The Sensex fell 0.7% to 59,288.53, while the Nifty 50 Index slipped 0.8% to 17,715.90. The market’s downward trajectory was largely driven by losses in index-heavyweight stocks, particularly in the information…
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Q2 Earnings Disappointment Hits RIL Shares; Target Price Updates
Reliance Industries Limited (RIL) shares took a hit on the stock market today, following the release of its second-quarter financial results. The conglomerate’s numbers fell short of analyst expectations, leading to a decline in its stock price. RIL’s consolidated net profit for the quarter ended September 30, 2024, stood at ₹12,312 crore, down 15.6% year-on-year.…
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Bajaj Auto’s Q2 Results Disappoint, Oil Prices Tumble, Hyundai Motor IPO Progress
The Indian stock market witnessed a mixed opening today, with the Sensex and Nifty trading flat. Investors are cautious ahead of the Reserve Bank of India’s (RBI) monetary policy meeting, scheduled for later this week. Bajaj Auto’s Q2 numbers disappointed the street, with the company reporting a 20% decline in net profit. The stock fell…
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Hyundai Motor IPO Day 2 LIVE: Subscription Progresses Slowly, 18% Booked; Current GMP
The highly anticipated Hyundai Motor India initial public offering (IPO) has entered its second day, with investors showing keen interest in the ₹2,780 crore issue. As of 10:00 AM IST, the overall subscription status stands at 0.47 times, with the retail portion subscribed 0.53 times, QIB portion at 0.21 times, and NII portion at 0.34…