Sensex sinks more than 1,000 points

New Delhi (IANS) BSE Sensex plunged more than 1,000 points on Wednesday led by losses in HDFC Bank.

Sensex is down 1,044 points at 72,084 points.

HDFC Bank plunged 6 per cent after its results and several bank stocks are also down. Kotak…

Sensex plunges more than 1,600 points led by HDFC Bank

New Delhi (IANS) Markets have slumped further with the BSE Sensex now plunging more than 1,600 points in afternoon trade on Wednesday.

Sensex is down 2.2 per cent or 1,611 points at 71,516 points.

Private sector banks, metals are leading…

Nifty now up three times from Covid low of 7,511 in March 2020

New Delhi (IANS) Nifty is now up three times from the Covid low of 7,511 in March 2020, says V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

This is an indication of a strong bull market and it has a long way to go.…

Wow! Momo raises Rs 410 cr in latest round led by Khazanah, OAKS

New Delhi (IANS) Quick service restaurant (QSR) chain, Wow! Momo, said on Tuesday that it has raised Rs 410 crore (around $49 million) in its Series D round led by Khazanah Nasional Berhad, the sovereign wealth fund of Malaysia, and OAKS Asset Management.

HDFC Bank records 33% jump in net profit for Oct-Dec quarter

Mumbai (IANS) HDFC Bank on Tuesday reported a 33.5 percent increase in net profit at Rs 16,372 crore for the October-December quarter of the current financial year, against a net profit of Rs 12,259 crore in the same quarter last year.

The…

SpiceJet receives in-principle approval from BSE for Rs 2,242 cr fund infusion

New Delhi (IANS) SpiceJet on Monday said that it has received in-principle approval from the Bombay Stock Exchange (BSE) for the issuance of equity shares and warrants convertible into equity shares on a preferential basis.

The in-principle…

Sensex crosses 73k mark led by Wipro

New Delhi (IANS) Sensex crossed the 73,000 mark on Monday led by Wipro which was up by 6 per cent.

Sensex was up 532 points at 73,100.

Besides Wirp, the other IT heavyweights were Tech Mahindra, Infosys, HCL Tech up more than 2 per cent.

Wholesale price inflation rises to 9-month high in Dec

New Delhi (IANS) India’s inflation rate based on the Wholesale Price Index (WPI) rose to a nine-month high of 0.73 per cent for December 2023 up from 0.26 in November, official data released on Monday showed.

The country’s WPI-based inflation…

As Nifty crosses milestone of 22K points, brokerages advise caution

New Delhi (IANS) As the Nifty hit an all-time high of 22,000 points, brokerages have advised caution and suggested profit booking in small-cap space.

Pranav Haridasan, MD and CEO at Axis Securities said the IT sector has led the Nifty rally…

In the coming week market will take cues from Q3 results

New Delhi (IANS) In the near term, investors' trade positions will be more inclined towards the upcoming result season; the overall forecast for earnings growth remains optimistic, projecting double-digit figures, says Vinod Nair, Head of Research,…