Analysis Financial News

Bandhan Bank Ltd. 1.47 per cent to Rs 172.50 in Monday's trade as of 11:36AM (IST). The stock hit a high price of Rs 174.75 and low of Rs 172.45 during the session.

Swaminathan Aiyar, Consulting Editor, ET Now, says Maharashtra and Jharkhand elections show there are as many puzzles as lessons. There are no clear-cut lessons. While Hindutva line and local issues worked in BJP’s favour in Maharashtra while in Jharkhand they did not. But BJP will be happy that even where it has done badly in the general election, where Mr Modi mattered, it can do very well in the state election. It would be extremely heartening for the BJP to say there is much more to this party than just Mr Narendra Modi, that is a positive. In Maharashtra, the BJP-led Mahayuti alliance is all set to form the government. I guess the markets would like that, right? It is continuity and stability. Swaminathan Aiyar: Yes, categorically yes. It is not just that they won, they won with such a phenomenal sweep. I mean, it is like a slap on the face of the Congress party and the INDIA bloc. The INDIA bloc did recover something by winning Jharkhand quite convincingly going against the opinion polls that had suggested it might be a dead heat or something.

Dalmia Bharat Sugar and Industries Ltd.(up 2.54%), Ugar Sugar Works Ltd.(up 2.07%), Shree Renuka Sugars Ltd.(up 2.07%), Kothari Sugars & Chemicals Ltd.(up 2.02%), Bajaj Hindusthan Sugar Ltd.(up 1.98%), Dwarikesh Sugar Industries Ltd.(up 1.98%), Uttam Sugar Mills Ltd.(up 1.94%), Triveni Engineering & Industries Ltd.(up 1.82%), Avadh Sugar & Energy Ltd.(up 1.79%) and Dhampur Sugar Mills Ltd.(up 1.66%) were among the top gainers.

Bharat Electronics Ltd. 5.11 per cent to Rs 295.15 at 10:18AM hours (IST) on Monday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 483,774 shares with a turnover of Rs 14.18 crore till 10:18AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 47.38, while the price-to-book value ratio stood at 9.02.

Stocks that rallied over 10% included, BDH Industries(14.90%), Ellora Trading Ltd.(14.66%), J Kumar Infra(12.94%), Ishita Drugs(12.30%), IFCI(11.54%), Sheetal Diamond(10.55%), Sobha (PP)(10.52%), Anand Rayons(10.00%) and LWS Knitwear(10.00%).

ICICI Securities has a buy call on Ramco Cements with a target price of Rs 960. The current market price of Ramco Cements is Rs 930.55. The t Time period given by the analyst is a week when The Ramco Cements Ltd. price can reach defined target. ICICI Securities recommended to keep stoploss at Rs 869.9. The Ramco Cements Ltd, incorporated in 1957, is a Large Cap company with a market cap of Rs 21942.11 crore, operating in the cement sector. Ramco Cements' key products/revenue segments include Cement, Dry Mortar Mix, Scrap, Ready Mix Concrete, Power and Other Operating Revenue for the year ending 31-Mar-2024.

Punjab National Bank 5.24 per cent to Rs 105.06 in Monday's trade as of 10:05AM (IST). The stock hit a high price of Rs 105.16 and low of Rs 102.96 during the session. The return on equity (ROE) for the stock stood at 8.92 per cent. Traded volume on the counter stood at 10:05AM shares and turnover at Rs 13.08 crore around that time. The stock of Punjab National Bank quoted a 52-week high price of Rs 142.90 and 52-week low prices of Rs 75.60, respectively.

Domestic benchmark index NSE Nifty gained 355.46 points to 24262.7, while the BSE Sensex traded 1059.24 points up at 80176.35.

Bank of Baroda traded 4.4 per cent at Rs 246.50 at 10:10AM (IST) on Monday, even as BSE benchmark Sensex 1137.65 points to 80254.76. The stock had settled at Rs 236.10 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 298.45 and Rs 192.70, respectively.

Bitcoin (BTCUSD) remains in focus to start the week as the cryptocurrency sits on the precipice of crossing the $100,000 mark for the first time.

A near marubozu candle on Friday suggests that fear is peaking in Honasa shares, which lost 39% last week, says Anand James, Chief Market Strategist, Geojit Financial Services. «The downtrend is now aged 49 days with a cut of nearly 60% from the top, with the last four days alone seeing nearly 40% cuts. Thus, even though we could not spot any reversal signs as yet, the age of the downtrend could attract bargain buyers,» he says.

India VIX inched higher to close at 16.10 on Friday, reflecting heightened market caution and a slight uptick in volatility.

central banks' continued demand for gold,” says Tarun Birani Founder and CEO TBNG Capital Advisors. In an interview with ETMarkets, Birani said: “Silver holds a unique position due to its dual role as a precious and industrial metal. Its demand is bolstered by applications in solar energy, electronics, and battery production” Edited excerpts:

HDFC Bank, HCL Tech, Zomato, RVNL among others will be in focus due to various news developments. Indian Bank The Financial Services Institutions Bureau (FSIB) recommended Binod Kumar for the post of MD of Chennai-based Indian Bank.

Subscribe to enjoy similar stories. The Nifty50 benchmark index made a strong recovery on Friday, driven by short covering in index heavyweights, exit polls signalling a comfortable victory for the BJP in Maharashtra, and positive global cues triggered buying across sectors. The advance-decline ratio of 3:1 favoured the bulls.

Here are 5 things to track for stock market investors post BJP-led alliance's big win

Subscribe to enjoy similar stories. The big wedding can wait. Couples are deciding they would rather take the plunge into homeownership.

gold are as follows. Buying gold coins/jewellery from a gold shop – This is one of the most basic, simple ways to invest in gold. Wherein the investor buys gold coins or jewellery as per his need and desires. However, while buying gold jewelry in physical mode there are various expenses that are incurred which are as follows

President-elect Donald Trump has chosen money manager Scott Bessent, an advocate for deficit reduction and deregulation, to serve as his next treasury secretary

PFC, Happiest Minds and NALCO among a host of other companies are likely to remain in focus this week as they are approaching their record dates for the purpose of dividend, bonus issues and stock split. The record date is the date set by the company to decide the shareholders who are eligible to receive the offer. To be eligible for a buyback offer, bonus issue or a stock split, the shares should be in the demat account on the record date.