Week Financial News

ITC Ltd rallied over three per cent to hit a 52-week high of ₹480.60 after media reports stated that the company's demerger process for its hotel business is now underway. According to CNBC-TV18, the cigarettes-to-hotel conglomerate will explore alternate structures for the hotel business. A separate listing of the hotels business is also one of the options considered, as per the report.

Poonawalla Fincorp rallied over 4% on Wednesday after the company reported robust business update for the first quarter ending June 2023. The stock hit its fresh 52-week high of ₹375.80 apiece on the BSE during the session. The NBFC recorded its highest ever total disbursements of ₹7,050 crore during Q1FY24, registering a growth of 143% from ₹2,901 crore in the same period last year.

₹3,159.95 apiece on the BSE Wednesday. It rallied 4.52% in the previous session. The X440, which marks Hero MotoCorp and Harley-Davidson’s foray into the 440cc segment for the first time in India, is expected to drive market share gains of the Indian auto major within the segment.

LTI Mindtree share price gained over 1% and touched a new 52-week high on Wednesday's trading session after the technology major replaced housing finance giant, Housing Development Finance Corporation Ltd (HDFC) on the Nifty 50 index on Tuesday. LTI Mindtree shares opened at ₹5,373.05 apiece on BSE. The stock hit a intraday high of ₹5,425 and low of ₹5,225.

Genus Pwr Infra, HPL Electric Power, Sunflag Iron, MRPL and Ahluwalia Contr, hit their fresh 52-week highs at 11:26AM(IST)on NSE. Benchmark NSE Nifty index fell 16.05 points to 19372.95 amid selling in frontline bluechip stocks.

Domestic benchmark index NSE Nifty fell 3.35 points to 19385.65, while the BSE Sensex traded 43.99 points down at 65435.06. On the other hand, Genus Pwr Infra, HPL Electric Power, MRPL, Swelect Energy and Shivalik Bimetal stocks hit their fresh 52-week highs today.

₹90.61 apiece on BSE. The stock touched intraday high of ₹92.50. “A strong gap up opening is seen followed by some volatility in initial trades, the momentum is definitely on the positive side, with the bullish gap range 86 - 88 to act as support whereas the momentum has potential to push prices towards 3 digit i.e.

₹1,413.55 apiece on the BSE after the company reported strong business update for the first quarter ended June 2023. The bank’s net advances grew 21% to ₹3,01,041 crore in Q1FY24 from ₹2,47,960 crore in the same period last year. On a sequential basis, advances growth was 4% as compared to ₹2,89,924 crore in the quarter ending March 2023.

Colaba: This region is expected to receive rainfall till Friday with a generally cloudy sky Santacruz: Cloudy sky with heavy rain likely in Santacruz till Thursday. The IMD predicted moderate rainfall on Friday and Saturday and light showers on Sunday and Monday.

Bombay Metrics Suppl, Vilin Bio Med Ltd., Cell Point(India), Rajesh Exports and Viji Finance and others were among the stocks that touched their 52-week lows in today's trade. Domestic benchmark index NSE Nifty ended 66.45 points up at 19389.0, while the BSE Sensex closed 274.0 points up at 65479.05.

Let's delve into the details of some notable S&P BSE 500 stocks that reached new 52-week highs, including Angel One, Apar Industries, Aster DM Healthcare, AstraZeneca Pharma, Bajaj Finance, Bank of Baroda, Can Fin Homes, Cholamandalam Investment and Finance, and Cholamandalam Financial Holdings. The data was sourced from BSE at 12.30 pm, and the updates from the real-time data could come with a lag. The below data also pertains only to the time at which it was taken.

Immigration, Refugees and Citizenship Canada (IRCC) confirmed that the first round of category-based draws for STEM professions will occur this week. Immigration Minister Sean Fraser announced the introduction of category-based selection draws for Express Entry candidates on May 31. IRCC will prioritise Express Entry candidates with strong French language proficiency or work experience in specific fields.

thematic fund, sectoral fund, liquid fund, fixed maturity plan, an index fund, and overnight fund are open for subscription. After a dry spell for a short period, the NFO market is again showing some signs of revival. Should you invest in these NFOs to maximize the returns from your mutual fund portfolio? First, find out why mutual funds launch NFOs. Mutual fund houses typically launch new schemes because they want to complete their bouquet of offerings or to increase their assets under management. Sometimes, funds may have discovered an interesting theme or idea which they think may offer an opportunity to create wealth. An investor need not bother about fund houses completing their offerings or chasing AUMs. If it’s a unique idea, you should take a closer look.

Genus Power Infrastructures Ltd share price touched a new 52-week high and gained over 11% on Tuesday's trade After receiving an order worth ₹2,207.53 crore on Monday. Genus Power Infrastructures shares opened at ₹145.75 apiece on BSE. The stock hit an intraday high of ₹149.65.  In a filing with the exchange, the company stated that it had received a letter of award for ₹2,207.53 crore for the appointment of Advanced Metering Infrastructure Service Provider (AMISP), which included design of AMI system with supply, installation, and commissioning of 27.69 lakhs smart prepaid metres, feeder metres, DT metre level energy accounting, and FMS of these 27.69 lakhs smart metres.

Elon Musk, Threads aims to provide users with an alternative platform for social networking and discussions. The app was initially discovered on the Google Play store in Europe on Monday morning and later became available on the Apple App Store by Monday night, according to a report from Forbes. The decision to launch Threads comes in the midst of various controversies surrounding Twitter, such as user limitations and issues with Bluesky, a competing platform founded by Jack Dorsey.

Litecoin (LTC), the cryptocurrency that powers the decentralized payments-focused Litecoin blockchain, is consolidating just under $110 after hitting its highest level in over a year earlier in the session at $113.61.

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No matter how unsettled Main Street seems to be this week, it’s all good on Wall Street.

Christmas may have come and gone but if Monday’s stock market gains are any guide, Santa Claus may still be around planning to deliver more returns to investors.

It’s July and OPEC — the Organization of the Petroleum Exporting Countries — is expected to make all the right noises and moves to try and “seize back” the narrative in oil. The trouble is the Fed will also have something to say this week on why it paused rate hikes at last month’s meeting. And then, there’s that all-important U.S. jobs report for May.

new 52-week highs today, signaling robust growth and investor confidence. Among the standout performers were Ashok Leyland, Cholamandalam Investment & Finance, Dr Reddy's Labs, HCL Tech, HDFC, HDFC Bank, IndiGO, IndusInd Bank, IOC, and ITC. The data was sourced from BSE at 1:35 pm, and the updates from the real-time data could come with a lag.