Sensex leaps 1,245 pts to end near 73,750, Nifty tops 22,300 on solid Q3

Stock market highlights on March 1, 2024: The S&P BSE Sensex hit a record high of 73,819, while the Nifty50 touched 22,353 intraday

9:17 AM

Alert: Escorts Feb sales tumbles 17% YoY

9:13 AM

Alert: Bajaj auto Feb sales up by 24% YoY

9:09 AM

Pre-Open: Nifty above 22,050

9:06 AM

Pre-Open: Sensex off to positive start

9:04 AM

Currency Alert: Rupee appreciates 5 paise to open at 82.86/$

9:03 AM

Power Grid Corporation's prospects factored in at current valuations

Power Grid Corporation (PGCIL) intends to ramp up its capex substantially through the next two financial years. The Public Sector Undertaking (PSU) utility posted flat consolidated revenues of Rs 10,700 crore in the third quarter of the current financial year (Q3FY24) and reported 7 per cent year on year (Y-o-Y) growth in net profit to Rs 4,000 crore. READ MORE

8:57 AM

Beauty retailers report high demand for prestige and premium segments

In the Indian market, beauty now lies firmly in the eyes of the premium consumer. With the rapidly evolving Indian consumer market giving an impetus to luxury segments, the beauty market, too, is witnessing a similar trend. READ MORE

8:53 AM

Personal loan growth stays high in January despite hike in risk weights

The pace of credit offtake in the credit card segment also remained high at 31.3 per cent Y-o-Y basis in January 2024 compared to 28 per cent in October 2023. READ MORE

8:49 AM

MFs told to disclose stress-test reports of mid, smallcap schemes

The Association of Mutual Funds in India (Amfi) has written to fund houses, asking them to undertake stress tests of smallcap and midcap schemes and disclose the report on their websites by March 15. The reports, which will also be published on Amfi's website, will have to be disclosed every 15 days. READ MORE

8:45 AM

FPI inflows remain muted in February amid high valuations, shows data

Inflows from foreign portfolio investors (FPIs) into domestic equities remained muted in February, weighing on the market performance. Market observers said expensive valuations in India saw global funds favour other emerging market (EM) peers such as South Korea, Taiwan, and Indonesia. READ MORE

8:41 AM

Madhabi Puri Buch's 2nd yr in office: Pivoting towards a balanced approach

Buch-who oversees India's $4.7 trillion equities market-doesn't plan to rest on her laurels and has set out an ambitious goal such as moving towards instantaneous settlement cycle for secondary market. READ MORE

 

8:37 AM

Tata Sons likely to raise Rs 55,000 crore through IPO, says report

The Tata group is considering selling a 5 per cent stake in Tata Sons, its holding company, through an initial public offering (IPO) to raise about Rs 55,000 crore at an estimated valuation of Rs 11 trillion, said a Kotak Securities report on Thursday. READ MORE

8:33 AM

ALERT:: Gift Nifty hints 50-odd points gap-up open

8:27 AM

Tractor stocks may have bumpy ride in near-term; stay selective: Analysts

After a stellar run on  the bourses that saw tractor stocks rise up to 52 per cent, analysts are turning cautious on the sector as muted demand trends may weigh in the near-term. READ MORE

8:24 AM

Companies to see more gains as India's power demand surge continues

With a double-digit surge in India’s power demand, capital goods to ports have reported early gains, a trend that is likely to continue, according to industry executives and analysts. READ MORE