Basically, because it is such a large part of the Bank Nifty, it is pulling the Bank Nifty up and all the others are kind of following in sympathy. But I am glad it is finally happening.
Bajaj Holdings shares rise 0.31% as Sensex climbs
A total of 628 shares changed hands on the counter till 12:23PM (IST)
Crompton Greaves rises 0.12% as Sensex climbs
The stock traded at a P/E multiple of 60.38, while the price-to-book value ratio stood at 5.73.
SRF shares drop 0.57% as Sensex rises
On the technical charts, the RSI of the stock stood at 48.77.
ETMarkets Smart Talk: FII ownership at 16% is probably the lowest level of ownership, but trend is changing: Ajit Banerjee
The market participants are convinced that the macro fundamentals and the fiscal condition of the country is very strong and India is poised to grow as the fastest-growing economy of the world for the next few years.
Zero factual inaccuracies with our Adani research: Hindenburg on Sebi notice | Read short seller’s full response here
US-based short-seller Hindenburg Research stated Kotak Bank, one of India’s largest banks and brokerage firms founded by Uday Kotak, which created and oversaw the offshore fund structure used by our investor partner to bet against Adani. Instead it simply named the K-India Opportunities fund and masked the “Kotak” name with the acronym “KMIL”
India bond yields may see further uptick as US peers jump
Indian bond yields expected to increase amidst renewed Treasuries selloff. Benchmark 10-year yield likely to stay within 6.99%-7.03% range. U.S. yields rising, with expectations of a 46 bps rate cut by the Fed in 2024.
Tech picks: Patanjali Foods, Metropolis among 5 stocks to buy for robust returns in short term
5 stocks that you can consider buying for robust returns in the short term.
Google buys stake in Taiwan solar power firm owned by BlackRock
Investing in New Green Power in Taiwan, I drive sustainable energy solutions for manufacturers, reducing Scope 3 emissions. This aligns with my commitment to carbon-free operations and environmental sustainability, supporting solar capacity growth in the region.
‘Boring’ bitcoin sends weekend trading volume to all-time lows
Bitcoin’s weekend trading volume hit an all-time low of 16% in 2024, influenced by the introduction of Bitcoin ETFs aligning trading hours with traditional exchanges. This shift has decreased price volatility, indicating Bitcoin’s evolution into a more stable asset for investors.