Scam communication is no longer confined to phone calls or shoddily written text messages, instead spreading rapidly across messaging apps where fraud is harder to verify
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US Markets Today: US stocks rebound on tech recovery ahead of Nvidia earnings, inflation data
US stocks rose on Tuesday as technology shares rebounded ahead of Nvidia’s quarterly results and key US inflation data. The Nasdaq led gains, while chipmakers Intel, Micron and AMD advanced. Investors also tracked Treas...
RBI net absorbed $561 million in June as inflows picked up
In June, the Reserve Bank of India engaged in net purchases of $561 million from foreign exchange markets, showcasing its response to significant capital inflows into India. Following its dollar sales in April and May t...
Market wrap: Adani Enterprise, InterGlobe, HDFC Life, HCL Tech, top gainers and losers on Nifty and Sensex on Tuesday
Indian equity benchmarks ended higher on Tuesday, with the Nifty rising 0.48% and Sensex gaining 0.37%, led by Adani Enterprises, Max Healthcare and Apollo Hospitals. Broader markets were mixed, while Pharma and PSU Ban...
Jefferies picks 4 NBFCs with up to 20% upside that may continue outperforming Nifty, bank stocks. Here’s why
Jefferies has picked Bajaj Finance, Cholamandalam Investment and Finance Company, Aditya Birla Capital and Shriram Finance to outperform the Nifty and bank stocks, with target prices implying up to 20% upside. The broke...
Oil fall lifts rupee to over one-week high after central bank keeps lid on losses
The Indian rupee surged to a one-week peak on Tuesday, empowered by the recent dip in oil prices alongside measures taken by the central bank. Throughout the trading day, the rupee remained within a narrow band as Brent...
Sensex rises 287 points, Nifty closes above 24,300 as market swings into green on first monthly expiry after CAS
The Indian stock market ended higher on Tuesday after a volatile session, with Sensex gaining 287 points and Nifty rising 115 points. Pharma, PSU banks and consumer durables led sectoral gains, while private banks and m...
NSE IPO coming soon: Should investors buy unlisted shares now or wait for the mega issue?
With NSE’s IPO expected in the second half of September, investors face a choice between buying its unlisted shares or waiting for the public issue. NSE’s unlisted shares are currently trading around Rs 2,015, little ch...
Bernstein cuts PFC, REC target prices as bank competition weighs on loan growth
Bernstein has retained an Outperform rating on Power Finance Corporation (PFC) and REC but cut its target prices and loan-growth estimates, citing stronger competition from banks, slower renewable capacity additions and...
Global market: Mainland China stocks slip as metal shares drop, investors await Jackson Hole cues
Mainland Chinese stocks declined, led by non-ferrous metals, amid Middle East tensions and caution ahead of Jackson Hole. Investors await Fed Chair Kevin Warsh’s remarks for policy clues, while Hong Kong equities also f...
Global Market: Nikkei drops as Japanese chip stocks track US tech selloff
Japan's Nikkei share average saw a dip as tech stocks tracked declines in the US, particularly in the semiconductor sector. Investor caution grew ahead of Nvidia's anticipated quarterly earnings, with significant losses...
Netweb Technologies shares fall 4% after raising Rs 1,200 crore through QIP
Netweb Technologies shares fell nearly 4% after the company completed its Rs 1,200 crore Qualified Institutions Placement (QIP), its first equity capital raise since listing in July 2023. The issue drew strong participa...
From IPO mockery to Rs 1 lakh crore m-cap: Why investors are still betting on Lenskart’s vision
Lenskart’s IPO valuation drew sharp criticism from investors, with its 230x P/E and 10.5x sales multiples sparking comparisons with expensive listings such as Mamaearth, Paytm and Nykaa. Retail investors mocked the Rs 7...