Nifty, Sensex today hit fresh record highs; do fundamentals justify market exuberance?
The domestic market’s recent performance. It appears that the market has been consistently reaching new record highs in the past few sessions. On Wednesday (July 19), the Sensex reached a fresh all-time high of 67,117.05, while the Nifty50 also scaled its fresh peak of 19,841.65 during the intraday session. In addition to the market hitting […]
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Netweb Technologies IPO Day 3: Issue oversubscribed 26.2 times so far; GMP jumps 74%
Netweb Technologies’ IPO. According to the details you shared, the IPO, valued at Rs 631 crore, opened for subscription on July 17 and was fully subscribed within the first few hours. As of Day 3, the IPO has been subscribed 26.2 times, indicating strong investor interest. Qualified institutional buyers (QIBs) have subscribed for 27.30 times […]
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Nifty holds above 19750, Sensex up 100 pts; Bank Nifty above 45600, NTPC, IndusInd Bank gain
Domestic indices in India opened in the green and reached new all-time highs, despite muted global cues. The NSE Nifty 50 index surged by 70.65 points or 0.36% to reach 19,819.90, while the BSE Sensex climbed by 203.34 points or 0.30% to reach 66,998.48. In terms of sectoral indices, the Bank Nifty gained 154.80 points […]
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Asian Development Bank Keeps India’s Growth Forecast Unchanged At 6.4%
Asian Development Bank (ADB), India’s economic growth forecast for the current financial year remains unchanged at 6.4 percent. The ADB also projects a growth rate of 6.7 percent for the following financial year. The bank attributes this positive outlook to robust domestic demand, which is expected to support the region’s recovery. Additionally, the ADB anticipates […]
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Wipro Q1 results: Net profit increases 11.9% to Rs 2,870 cr, while sales increases 6%.
IT giant Wipro Ltd. announced on Thursday that its net profit for the three months that ended on June 30 increased by 11.9% to Rs 2,870.1 crore. The company stated in a regulatory filing that during the first quarter of the current fiscal year (Q1FY24), “It registered an increase of 6% year-over-year (YoY) in its […]
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Adani vs Hindenburg Research: A Battle of Allegations and Evidence
Adani Group, an Indian multinational conglomerate, has been the subject of criticism and controversy in recent years, particularly in regard to its environmental and social practices. In January 2023, the Australian arm of the company, Adani Mining, was the target of a report by Hindenburg Research, a short-selling research firm that specializes in investigating and […]
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