stock talk
Stock Talk: Top IT companies on Sensex today
The IT industry accounted for 8% of India’s GDP in 2020. Exports from the Indian IT industry are expected to increase by 1.9% to reach US$ 150 billion in FY21. In 2020, the IT industry recorded 138,000 new hires.
Stock Talk: Top domestic appliances companies on Sensex today
The emerging economy and changing lifestyles of Indian consumers have been leading to growth of home appliances industries. The main growth drivers for this industry are increased affordability, focus on energy-efficient products, increasing digital penetration, and the rise in aspiration.
Stock Talk: Top 5 Construction Stocks Comparison
According to a survey by CBRE on India’s construction cost trends, the industry is likely to witness increased investment in technology oriented construction such as use of prefabricated and modularised components including others.
KKR invests $625 million for controlling stake in Vini Cosmetics
KKR, a leading global investment firm, and Vini Cosmetics, a leading branded personal care and beauty products company on Monday announced the signing of a definitive agreement pursuant to which the Company's Founder Group will sell a majority stake in the Company to KKR for approximately $625 million (Rs 46 billion).
Adani stocks characterised by similar set of FPIs, low mutual fund holdings
The Adani Group stocks also have the same set of foreign portfolio investors among the big shareholders in that category. Albula Investment Fund, Cresta Fund and APMS Investment Fund holding shares in Adani Group Companies were in a controversy yesterday on reports that their share accounts were frozen but was later clarified that they are active.
Global cues, buying interest buoy equities; Realty stocks rise
Globally, stocks clung close to record highs as investors weighed inflation concerns ahead of key monthly US jobs report scheduled for release on Friday, while oil prices rose for a third straight session. However, European stock markets opened in the red after reports emerged that the UK is considering to delay the final stage of reopening by two weeks if hospitalizations and deaths increase.
Global cues subdue equity markets, metal stocks fall
At 11.50 a.m., the S&P BSE Sensex traded at 49,921.61, higher by 18.97 points, or 0.04 per cent, from its previous close. Similarly, the Nifty50 of the National Stock Exchange traded at 15,014.25, up by 15.90 points, or 0.11 per cent, from its previous close. Besides, both the key indices started on a positive note with a gap up opening, however, ceding their initial gains soon afterwards.
Profit booking, global cues subdue equities; banking stocks down
However, optimism over lower Covid-19 cases as well as hopes on faster vaccination drive arrested any major decline. Among sectors, realty, power and healthcare were the main gainers while telecom, metals, banks and auto were the main losers. Globally, stocks slipped and cryptocurrencies sank as threat of unwanted inflation had investors shy away from assets seen vulnerable to any removal of monetary stimulus.
Global cues, healthy Q4 results push markets higher
Accordingly, the two key indices had a gap up opening in line with positive global cues . However, they have been trading flat in a range since opening levels. Besides, marginal profit booking decline in Pharma counters, all other sectors traded in the green out of which banking and realty space outperformed.
Equity indices flat, metal stocks rise
Around 10.50 am, Sensex was trading at 48,080.77, up by just 0.1 point from its previous close of 48,080.67. It opened at 47,863.81 and has touched an intra-day high of 48,125.57 and a low of 47,743.43 points.
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