Author: Global Market

Sensex Today: Indian stock markets started with decent gains on Monday amid buying in HCL Tech, Ultratech Cement, Tech M, Infosys, Maruti Suzuki, and SBI.The BSE Sensex was quoting 157 points, or 0.19 per cent, higher at 80,676, while the NSE Nifty50 was up 85 points or 0.35 per cent at 24,588.In the broader markets, the BSE MidCap and SmallCap indices advanced 0.37 per cent and 0.52 per cent, respectively.video-carouselAmong sectors, the Nifty IT extended its rally into second day, rising 1 per cent. This was followed by 0.6 per cent gain in the Nifty Pharma index.V K Vijayakumar, Chief…

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Roblox could have a bright future if it overcomes its growing pains. Roblox (RBLX 5.22%) went public via a direct listing on March 10, 2021, and its stock opened at $64.50. Investors were initially impressed by the gaming platform’s rapid growth, and its stock hit an all-time high of $134.72 on Nov. 19, 2021. However, Roblox’s stock now trades more than 70% lower at about $38 a share. It lost its luster as it faced tough year-over-year comparisons against its growth spurt during the pandemic, and rising interest rates further compressed its valuations. That was a steep drawdown, but it…

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Stock market today: Indian stock market benchmarks the Sensex and the Nifty 50 ended with losses for the third consecutive session on Tuesday, April 16, with select IT heavyweight stocks including Infosys, Tech Mahindra, Wipro, HCL Tech and TCS among the top losers, amid weak global cues. Weak global cues kept the mood low back home as strong US retail sales print for March strengthened worries that the US Federal Reserve may delay rate cuts this year. Among the Asian peers, KOSPI, Hang Seng, Shanghai Composite Index and Nikkei fell up to 2 per cent while major European markets, such…

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Stock market preview Monday, July 15, 2024: The BSE Sensex and the Nifty may attempt to scale new highs in trades today following a strong finish led by IT shares last week. The S&P BSE Sensex hit an all-time high of 80,894, and the Nifty 24,592, before settling with gains of 622 points and 186 points, respectively, at 80,519 and 24,502 on Friday. Click here to connect with us on WhatsApp The Q1 earnings will slowly pick up pace this week, with Jio Financial Services, HDFC AMC and HDFC Life among key companies announced to results on Monday. That apart,…

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ABOUT Ramco SystemsIndustry Software & ProgrammingISIN INE246B01019BSE Code 532370NSE Code RAMCOSYSRamco Systems Limited is an India-based enterprise software product/ platform provider. The Company develops Enterprise Resource Planning (ERP) software solutions for various verticals in various domains, such as core ERP, human resource and payroll, aviation maintenance repair and overhaul, logistics, service resource planning and provides these with related solutions and services, including managed services. Its VirtualWorks is an enterprise cloud computing platform that enables the development of multi-tenant, robust and scalable Web-enabled solutions. Its DecisionWorks caters to the needs of information and decision support systems. It serves various industries, including…

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Key Takeaways Investors will pay close attention to the Federal Reserve’s moves in the year’s second half. Consistently strong earnings could underpin growth, but the upcoming election and worsening consumer sentiment could cause volatility in stocks. A “soft landing” could spur the stock market even higher, some analysts said. Investors have plenty to track as they contemplate the path ahead for U.S. stocks, including a presidential election, a fresh round of corporate earnings reports and economic data. But the focus will likely remain largely on the Federal Reserve and the possibility and timing of interest-rate cuts, which investors increasingly expect…

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Indian stock market: The Indian equity benchmark indices, Sensex and Nifty 50, are expected to extend rally and open higher on Friday tracking positive momentum in global peers. Asian markets traded higher, while US stock market indices ended overnight with minor gains as Treasury yields dropped. On Thursday, the Indian stock market indices extended the rally with the Sensex crossing above 79,000 level and the Nifty 50 surpassing 24,000-mark for the first time. The Sensex jumped 568.93 points, or 0.72%, to close at 79,243.18, while the Nifty 50 settled 175.70 points, or 0.74%, higher at 24,044.50. “The upmove in the…

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Shares of Emcure Pharmaceuticals and steel wire products manufacturer Bansal Wire Industries made their strong debut on the stock exchanges on Wednesday, surpassing pre-listing expectations. The shares of Emcure Pharma listed at ₹1,325.05, up 31.45% against the initial public offering (IPO) price of ₹1,008 on the NSE, while Bansal Wire stock price debuted 39% higher at ₹356 over the issue price of ₹256. On the BSE, Emcure Pharma shares kicked-off trading at ₹1,325.05 apiece, while Bansal Wire opened higher at ₹352.05 level.Post listing, Emcure Pharma shares gained as much as 37.3% to ₹1,384 on the BSE, while the market capitalisation rose to ₹25,550 crore. In…

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Effwa Infra and Research shares made a strong stock market debut on Friday as the stock was listed with a 90% premium to the issue price. Effwa Infra and Research share price began trading at ₹155.80 per share on NSE SME as against its IPO price of ₹82 per share. Effwa Infra and Research IPO listing was in-line with the street estimates. Effwa Infra and Research IPO GMP today, or grey market premium today, was ₹143 per share or 174.39% to the issue price. However, as NSE has set a price control cap of 90% on the issue price of…

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In recent sessions, the Indian market struggled to sustain its bull run until TCS’s results provided a much-needed catalyst, setting a positive tone for the earnings season. Additionally, expectations of a Fed rate cut have further fueled the rally. The healthy numbers by the TCS for the June ending quarter have sparked optimism among investors about potential sectoral recovery. The notable improvement in revenue from TCS’s BFSI vertical particularly fueled a rally in mid and small-cap IT stocks, as these companies derive a significant portion of their revenue from this space. Investors are hopeful that this trend signifies a broader…

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