Stock Market
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Snapchat loses $10 bn as stock hits new 52-week low
San Francisco: Snap, the parent company of Snapchat, suffered nearly $10 billion loss after its shares hit a new 52-week low over disappointing quarterly results (Q2) amid poor future forecast. The company’s…
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FIIs turning positive boosts stock markets
New Delhi: FIIs turning positive after a very long time, along with strong results, kept the momentum strong for domestic stock markets during the week. Domestic equities continued its northbound journey on…
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Sensex extends gains for 6th day to reclaim 56k mark; bank, finance stocks shine
Mumbai: Equity benchmark Sensex stretched its winning run to the sixth straight session on Friday to reclaim the 56,000-level due to robust gains in banking and financial stocks amid a largely positive…
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Reliance Jio posts robust set of numbers for Q1 FY23
Mumbai: Reliance Jio posted a robust set of numbers for Q1 FY 23 results announced on Friday. As per the results, Reliance Jio revenue from operations jumped 21.6 percent to Rs 21,873…
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Rupee rises 20 paise to close at 79.85 against US dollar
Mumbai: The rupee recovered from its all-time low of 80.06 to close 20 paise higher at 79.85 (provisional) against the US dollar on Thursday following overall weakness in crude oil prices and…
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Sensex, Nifty spurt over 1 pc as windfall tax cut, FII inflows lift mood
Mumbai: Benchmark BSE Sensex rallied over 1 percent while Nifty closed above the 16,500 mark on Wednesday after sharp gains in IT, oil & gas and metal shares amid positive global market…
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Reliance Industries shares climb over 4 pc; ONGC jumps 7 pc
New Delhi: Shares of firms related to oil exploration and refineries were in heavy demand on Wednesday, with Reliance Industries and ONGC rallying after the government slashed windfall tax on petrol, diesel,…
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HDFC Bank first quarter profit rises 19 per cent to Rs 9,196 crore
Mumbai: HDFC Bank on Saturday said its net profit rose by 19 per cent year-on-year to Rs 9,196 crore for the quarter ended June 30, 2022. The bank’s core net revenue (excluding…
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Rupee slips 14 paise to fresh low of 79.59 per US dollar
Mumbai: The rupee weakened by 14 paise to close at a new lifetime low of 79.59 against the US dollar on Tuesday as a strong greenback overseas and persistent foreign fund outflows…
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Small-cap indices witness sharp correction from the highs of Oct’21
New Delhi: Small-cap indices have corrected sharply from the highs of October 2021. While the Nifty-50 declined 15 percent from its October 2021 peak against a 20 percent decline in midcaps and…
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Tesla plans 3-way stock split to make its shares affordable
San Francisco: Elon Musk-run Tesla has asked its shareholders to approve a three-way stock split which will make its share more affordable. Tesla stock has jumped 43.5 per cent since the company’s…
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Indices slump sharply on global cues, Sensex tumbles over 1,000 pts
New Delhi: Domestic equity benchmark indices declined further as the session progressed and settled sharply lower on Friday, triggered by strong sell-off in global equities. With Friday’s slump, the indices have declined…
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Indices extend losses; Sensex, Nifty shed over 1% each
New Delhi: Domestic indices on Tuesday extended their losses from the previous session as the overall sentiments still remain cautious amongst investors as they are worried about inflation and benchmark interest rates,…
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Rupee slips 6 paise to 77.61 against US dollar
Mumbai: The rupee declined 6 paise to close at 77.61 against the US dollar on Thursday, as firm crude prices and relentless foreign capital outflows dented investor sentiment. However, a rally in…
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Indices settle low, weighed down by metal, IT, FMCG, media stocks
New Delhi: Indian equity benchmark indices traded in a narrow range on Tuesday and settled marginally in the red. The Sensex closed at 54,052.61 points, down 236 points, or 0.43 per cent,…
