The Indian government has elevated the status of Indian Railway Catering and Tourism Corporation (IRCTC) and Indian Railway Finance Corporation (IRFC) to Navratna category, granting them greater financial autonomy. This upgrade allows both Central Public Sector Enterprises (CPSEs) to make discretionary investments of up to ₹1,000 crore or 15% of their net worth, whichever is…
Foreign Portfolio Investors (FPIs) have continued their selling spree for the fifth consecutive month, further deepening their withdrawal from the Indian stock market. In February alone, FPIs pulled out a substantial ₹41,748 crore from the secondary market, driven by growing global trade uncertainties and the increasing attractiveness of U.S. bond yields. The final trading session…
In the upcoming week, Wall Street investors will have a wealth of economic data to digest, with particular attention on the February jobs report, which could provide crucial insights into the labor market’s strength and its potential impact on Federal Reserve policy. Beyond employment data, market participants will closely monitor reports on business activity and…
Ashok Leyland’s stock witnessed an upward movement of 3.3% on the Bombay Stock Exchange (BSE) today, reaching its intraday high of ₹219.80. The rise in share price came after the company announced its vehicle sales data for February 2025. Despite a decline in domestic sales compared to the previous year, the stock showed positive momentum…
Mahindra & Mahindra (M&M), one of India’s leading automotive manufacturers, saw a strong rally in its stock price on Monday, March 3, 2025, following the release of its February 2025 sales report. The company’s stock surged over 4% intraday, reaching a high of ₹2,695.00 per share on the Bombay Stock Exchange (BSE). This spike in…
Indian stock markets opened on a strong note on Monday, tracking positive cues from other Asian markets. Both benchmark indices, the BSE Sensex and NSE Nifty, started the trading session higher, driven by gains in key sectors such as information technology (IT) and automobile stocks. Investor sentiment was further boosted by the latest economic data…
In a turbulent week for the stock market, the combined market capitalization of eight out of the ten most valued companies witnessed a steep decline, eroding by ₹3,09,244.57 crore. The sharp drop came during a holiday-shortened trading week, reflecting a broader bearish sentiment in the equity market. Among these top firms, Tata Consultancy Services (TCS)…
Shares of Coffee Day Enterprises Ltd (CDEL) experienced a significant surge on Monday, climbing as much as 20% to reach ₹25.65 on the Bombay Stock Exchange (BSE). The sharp rise in stock price came after the National Company Law Appellate Tribunal (NCLAT) overturned insolvency proceedings against the company, providing a major reprieve to the operator…