Experts Financial News
06.06 / 19:03
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Demand under rural jobs scheme eases again in May
Demand for work under the government's flagship rural job guarantee scheme fell for a seventh straight month through May, indicating stronger economic conditions at the start of the new financial year.
06.06 / 13:41
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VLCC launches ‘Clinic Range’ a premium regime-based solution for skincare concerns
National, 6th June, 2024: VLCC, one of the largest beauty and wellness brands in the world, expands its product portfolio with launch of revolutionary skincare range ‘VLCC Clinic’. Backed by scientific formulations, the new range embodies the group’s 35 years of expertise in skincare and wellness while catering complete skincare solutions.
06.06 / 11:59
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Nifty IT ready for a U-turn, says JM Financial, puts weight behind largecap
Nifty IT (NSEIT) might be ready to take a U-turn, believes JM Financial, suggesting that it was time to start putting weight on the large cap stocks in this sector. The top 5 constituents cumulatively hold 81% weight in the index. These are Infosys (7%), Tata Consultancy Services (25%), Tech Mahindra (11%), HCL Technologies (10%) and Wipro (8%).
06.06 / 08:31
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Multibagger stock: Nandan Denim share price rises 14% ahead of stock split announcement
Stock market today: Nanda Denim shares, one of the multibagger stocks that the Indian stock market has delivered in recent years, continue to show promise. In just one year, Nandan Denim's share price has surged from nearly ₹20.50 to ₹46 apiece, delivering over 120 per cent return to its positional shareholders.
06.06 / 08:31
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Gensol Engineering top pick among renewable energy stocks on attractive valuations
Also Read: Renewable energy stocks jump up to 500% in 1 year; what's fuelling this rise? What should you buy from the sector?Furthermore, the renewable energy space has provided returns ranging from 400% to a startling 1200% in the previous year, there are a few stocks that remain at good valuations.As per trendlyne data, in a span of one year, shares of Waaree Renewable Technologies has skyrocketed by 1,1200%, KPI Green Energy has surged over 400%, Gensol Engineering have jumped over 170%, and Sterling and Wilson Renewable Energy have climbed over 130%.These companies have been striving to increase their assets and capabilities in order to assist India meet its 2030 objective of 500 GW installed capacity. Most have successfully secured large orders.In the recent times, KPI Green Engineering bagged orders totalling ₹351.35 crore from several clients for projects such as building crash barriers for railway track fencing, solar projects, and electricity transmission line towers.Similarly, Gensol Engineering reported a sizable order book of ₹1,783 crore at the start of FY25.
06.06 / 08:31
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Century Textiles shares surge 14% after unit forms JV for ₹5,000 crore luxury housing project
Century Textiles and Industries, the real estate venture of the Aditya Birla Group, surged 13.70% in early trading today to reach ₹2,094 apiece. This spike followed the company's announcement that its wholly-owned subsidiary, Birla Estates, has entered into a joint venture with Barmalt India Pvt.
06.06 / 08:19
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Salesforce to open new AI center in London as part of $4 billion UK investment
LONDON — Enterprise tech giant Salesforce is opening an artificial intelligence center in London, making a bullish bet on the U.K. as a global technology hub.
06.06 / 06:47
markets
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BHEL share price jumps 14%, rises 19% in two days. More steam left?
Stock market today: Shares of Bharat Heavy Electricals Ltd (BHEL) have been in an uptrend for the last two straight sessions. BHEL share price extended its rally on Thursday and touched an intraday high of ₹292.35 per share on NSE, recording around a 19 percent rise in two days.According to stock market experts, BHEL shares are witnessing sharp upside movement today as there is a market buzz about project orders in Uttar Pradesh.
06.06 / 06:19
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Acko versus Acko: Insurer cries trademark violation in China, moves Indian govt
barred India's Tesla Power from publishing advertisements with a Tesla trademark, after Elon Musk-led Tesla Inc. sued the Gurugram-based company for using its trademark. Tesla Inc.
06.06 / 06:19
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PSU Bank index jumps 4.4% on BJP-led NDA govt confirmation; IOB, CBI, Union Bank top gainers
Read here: CLSA reshuffles India portfolio post election results; drops L&T, adds HCL TechAll PSU Bank constituents were trading in the green in intra-day deals today with Indian Overseas Bank, CBI, Union Bank of India and Bank of Maharashtra rising over 5 percent each. Meanwhile, Indian Bank, SBI, Bank of Baroda, Punjab and Sind Bank, UCO Bank gained between 4-5 percent each.Other stocks Canara Bank, Bank of India, Punjab National Bank also added over 3 percent each.The index has jumped 72 percent in the last one year and 28 percent and 28 percent in 2024 YTD.
06.06 / 06:19
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Why is Adani Power share price skyrocketing today? — explained
Stock market today: Adani Power share price witnessed a significant surge during morning deals. Adani Power share price today opened with an upside gap at ₹749.90 per share on NSE.
06.06 / 05:07
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Gold price jumps as US dollar rate, treasury yield slip; US Fed rate cut, job data is focus. Opportunity to buy?
Gold rate today: Following slides in the U.S. dollar rates and the U.S. Treasury yields, gold price today witnessed strong buying in early morning deals.
06.06 / 05:07
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A new excise law to refine 80-year-old Act will make life easier for oil firms
Also read | New avatar likely for GST compensation cess There is also some relaxation for the taxman. Tax authorities will have three years to raise duty demands, as opposed to the two-year time limit prescribed in the existing excise law, said Jain. “This Bill may lead to a reduction in compliance burden, and provide a comprehensive legal framework better suited to the current economic landscape," said Jain.
06.06 / 05:07
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Top Stock Recommendations: Osho Krishan of Angel One suggests buying Birlasoft, and EID Parry today
Also Read: Sensex Today Live Updates : Sensex up 500pts, Nifty at 22,770; BHEL, IEX, KP Green shares climbNifty 50 Outlook by Osho Krishan, Sr. Analyst, Technical & Derivatives, Angel OneThe Indian equity market is currently experiencing dynamic movements characterised by substantial swings in both directions. After the downturn from the previous session, there has been a notable reversal fuelled by short covering.
06.06 / 04:27
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Big movers on D-Street: What should investors do with HUL, IRCTC and RVNL?
Sensex and Nifty soared over 3% each on heavy value buying by investors after NDA alliance partners started talks on government formation. The stocks that were in focus included names like HUL, which rose 4.29%; IRCTC, which gained 0.6%; and RVNL, whose shares rose 0.68% on Tuesday.
06.06 / 04:27
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Sensex rises 400 pts, Nifty above 22,700 as Modi magic helps calm D-Street
equity indices, Nifty50 and Sensex, opened higher for the second consecutive day on Thursday, led by banking stocks, as Narendra Modi is set to return to power for a third term after two key allies pledged their support to form a new government. The BSE Sensex was trading 403 points, or 0.55%, higher at 74,785. Meanwhile, the Nifty50 was up 112 points, or 0.5%, trading at 22,732 around 9:18 am.
06.06 / 03:43
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8 essential strategies for bespoke portfolio creation for UHNI investors
investment strategies for wealthy individuals are often complex and require the guidance of experienced professionals, such as wealth managers, investment advisors, tax experts, and legal counsel. These strategies should be tailored to the specific goals, risk tolerance, and circumstances of each individual or family. When it comes to bespoke investments for such investors, there are several parameters and considerations that come into play.
06.06 / 03:43
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Kronox Lab Sciences IPO allotment to be finalised today; latest GMP, step-by-step guide to check status
Also Read: Kronox Lab Sciences IPO day 3: GMP, review to subscription status. Apply or not?Investors can ascertain if they have been allotted shares and to what extent by identifying the basis of allocation.
06.06 / 03:43
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Stocks to buy or sell: KNR Constructions to ABFRL — Sumeet Bagadia recommends five breakout stocks today
Stocks to buy or sell: Following a significant downturn on Tuesday due to the Lok Sabha Election results, the Indian stock market showed signs of recovery on Wednesday. The Nifty 50 index surged by 735 points, closing at 22,620, while the BSE Sensex skyrocketed by 1303 points, concluding at 74,382.
06.06 / 02:11
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Buy or sell: Vaishali Parekh recommends three stocks to buy today — June 6
Buy or sell stocks for today: The Indian stock market erased some of the previous day losses and ended higher after the NDA allies pledged support for the alliance to form a government for the third term. The Nifty 50 index gained 735 points and closed at 22,620, whereas the BSE Sensex shot up 1303 points and finished at 74,382.
06.06 / 02:11
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Stock market today: Trade setup for Nifty 50 to RBI MPC, five stocks to buy or sell on Thursday — June 6
Stock market today: The Indian stock market rebounded significantly, erasing the previous day's losses and closing higher. The Nifty 50 index surged by 735 points to close at 22,620, while the BSE Sensex skyrocketed by 1303 points to finish at 74,382.
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