Paytm (One 97 Communications) stock price has soared 15% so far this month to now trade at Rs 807 per share. Although the share price is still down massively from its IPO price of Rs 2,150 apiece, analysts at Axis Capital have now initiated the coverage with a ‘Buy’ rating and projected another 16% upside …
With the start of online festive season sales, demand for credit products on the e-commerce sites also took off. Mayank Jain, director of consumer credit and business lending at Amazon Pay, speaks to Ayanti Bera about its Great Indian Festive sale, how credit demand is rising beyond tier-I cities and plans to introduce personal loans …
Another Adani Group firm could enter the NSE Nifty 50 index in the upcoming Semi-annual Index review, according to Abhilash Pagaria, Head – Edelweiss Alternative & Quantitative Research. With the cut-off date of July 29 behind, analysts at Edelweiss Alternative & Quantitative Research believe that Adani Enterprises is best placed to enter the headline index …
Fag-end buying in Reliance Industries (RIL) stocks, pushed equity markets to close over half a per cent higher on Tuesday. S&P BSE Sensex closed 379 points or 0.64% higher at 59,842. Nifty 50 ended 127 points or 0.72% in the green at 17,829, owing to positive global trends. Index heavyweights such as HDFC Bank, Reliance …
Tata Power share price jumped 1 per cent on Thursday, a day after Tata Motors signed a Power Purchase Agreement (PPA) with the company to develop a 7.25 MW onsite solar project at its commercial vehicle manufacturing facility in Jamshedpur. “Tata Motors and Tata Power Renewable Energy’s joint green initiative for solarisation of Tata Motors’ …
The rupee recovered early losses to close flat at 79.84 against the US dollar on Monday amid a strong greenback overseas and massive sell-off in equities. However, lower crude oil prices supported the local unit, forex dealers said. At the interbank foreign exchange market, the local currency opened weak at 79.90 and moved in a …
The Indian share market started Wednesday’s trade on a volatile note dancing between gains and losses. S&P BSE Sensex was trading flat and hovering around the 59,000 mark while the NSE Nifty 50 index was holding above 17,550. Bank Nifty was above 38,700 while India VIX (volatility index) was at 19 levels. While a stronger …
India equity markets are likely to open lower on Friday amid mixed global cues. Early trends on SGX Nifty hinted at a negative start for benchmark indices BSE Sensex and NSE Nifty 50. Nifty futures were trading 45.5 points, or 0.25% lower at 17,958.5 on the Singapore Exchange, ahead of today’s session. “The earnings season …
Rakesh Jhunjhunwala was known for his unwavering optimism on Indian stock markets. The big bull backed the India growth story and never shied away from letting it be known. However, the ace investor made a mammoth wealth early in his investing journey by shorting the market rather than going long. Rakesh Jhunjhunwala started his stock …
Gold prices hit all-time high levels on MCX as investors rushed for safe-haven assets amid coronavirus pandemic and geopolitical tensions. Continuing the gaining spree, gold prices made a new high of Rs 51,150 per 10 grams on MCX in the previous session. Sugandha Sachdeva, VP-Metals, Energy & Currency Research, Religare Broking expects gold prices to …