The Nifty IT index climbed over 1% during early trade on December 5, 2024, fueled by positive investor sentiment stemming from remarks made by Federal Reserve Chair Jerome Powell. His comments on the resilience of the U.S. economy sparked optimism, with the tech-heavy Nasdaq Composite surging 1.3% overnight. This bullish momentum extended into Indian markets, … Read more
Bharat Forge, a leading player in the forging and engineering sector, saw its shares rise by 0.89% during early trading on the Bombay Stock Exchange (BSE) today. The upward movement aligns with a broader market rally as the Sensex climbed significantly, buoyed by positive investor sentiment across sectors. As a prominent name in the manufacturing … Read more
Shares of Indraprastha Gas Ltd (IGL) surged by 4% to ₹374.80 in early trading on the BSE, up from the previous close of ₹360.30. This rise came after the company announced plans to consider issuing bonus shares, a move that has piqued investor interest. The clean energy firm now boasts a market capitalization of ₹25,634 … Read more
Cryptos | 12/03/2024 23:20:28 GMT Dogecoin price continues to consolidate below the $0.40 level on Tuesday, down 16% within the daily timeframe. After multiple failed attempts at breaching $0.50 over the past week, speculative traders have moved to scale down their DOGE positions. Is Dogecoin price at risk of a major correction phase? Dogecoin price tumbled $0.40 … Read more
The shares of HEG and Graphite India have seen a significant surge in recent trading sessions, following China’s announcement of export restrictions on critical materials to the United States. This development has created ripples in global markets, with Indian companies positioned to benefit substantially from the changing trade dynamics. Here’s a detailed analysis of the … Read more
Bitcoin (BTCUSD), the world’s leading cryptocurrency, has achieved a historic milestone by surpassing the highly anticipated $100,000 mark. This remarkable surge has not only validated bullish forecasts but also opened the door for further upward momentum in both the short and medium term. Bitcoin’s Ascent to New Heights The cryptocurrency’s rally continues to demonstrate resilience … Read more
Shares of Indus Towers surged 5% in early trading on December 5, following a significant block deal in which UK-based Vodafone Plc divested its remaining 3% stake in the telecom infrastructure company. The transaction, valued at ₹2,802 crore, marked Vodafone’s complete exit from Indus Towers, further streamlining its operations and addressing financial pressures. Details of … Read more
In a groundbreaking development, Bitcoin has soared past the $100,000 mark, achieving an unprecedented milestone in its 16-year history. This surge represents not only a significant financial benchmark but also signals the increasing acceptance of cryptocurrency in mainstream finance. The remarkable rise in Bitcoin’s value coincides with shifting political dynamics in the United States, catalyzed … Read more
ICICI Securities has upgraded its rating for Bharti Airtel to ‘Buy’, citing strong fundamentals and growth potential. The brokerage has set a target price of ₹1,875 for the stock, based on its latest research report dated November 29, 2024. Bharti Airtel Stock Performance ICICI Securities’ Valuation Analysis ICICI Securities highlighted that Bharti Airtel’s Enterprise Value/EBITDA … Read more
Muted Opening Expected as GIFT Nifty Declines Amid Global Weakness The Indian stock market is expected to open on a cautious note today, with domestic benchmark indices reflecting weak global cues. As of Friday morning, GIFT Nifty is down by 5.95 points, signaling a subdued start. Here’s a detailed analysis of the overnight changes that … Read more