
Adani Enterprises Q2 Results: Profit skyrockets 664% YoY to Rs 1,742 crore, revenue up 16%
Adani Enterprises Ltd. (AEL) reported a substantial 664% increase in its consolidated net profit for the September quarter, reaching ₹1,742 crore, compared to ₹228 crore in the same period last year. The company’s revenue from operations also rose by 16%, totaling ₹22,608 crore, up from ₹19,546 crore in the previous year. Stock Performance and Metrics Following the earnings announcement, shares of Adani Enterprises rose by 2% to ₹2,849. The
Adani Enterprises Q2 Results: Profit skyrockets 664% YoY to Rs 1,742 crore, revenue up 16%
Adani Enterprises Ltd. (AEL) reported a substantial 664% increase in its consolidated net profit for the September quarter, reaching ₹1,742 crore, compared to ₹228 crore in the same period last year. The company’s revenue from operations also rose by 16%, totaling ₹22,608 crore, up from ₹19,546 crore in the previous year. Stock Performance and Metrics Following the earnings announcement, shares of Adani Enterprises rose by 2% to ₹2,849. The

Bitcoin rises 3% after topping $73,000 for the first time since March
Bitcoin surged past $73,000 on Tuesday, approaching its all-time peak as investors eagerly anticipated the upcoming U.S. presidential election. According to Coin Metrics, Bitcoin’s value recently climbed by 3.8%, settling around $72,333.10. Earlier, it spiked to $73,601.59, its highest point since March 14—the same day it reached its record price. This rise triggered significant short liquidations, totaling over $113 million in the last 24 hours, as reported by
Bitcoin rises 3% after topping $73,000 for the first time since March
Bitcoin surged past $73,000 on Tuesday, approaching its all-time peak as investors eagerly anticipated the upcoming U.S. presidential election. According to Coin Metrics, Bitcoin’s value recently climbed by 3.8%, settling around $72,333.10. Earlier, it spiked to $73,601.59, its highest point since March 14—the same day it reached its record price. This rise triggered significant short liquidations, totaling over $113 million in the last 24 hours, as reported by

Aegis Vopak Terminals Approves ₹4,000 Crore IPO and ₹800 Crore Private Placement Amid Mixed Financial Results
Aegis Vopak Terminals Ltd. has announced that its board of directors has approved a proposal to raise ₹4,000 crore through an initial public offering (IPO) and an additional ₹800 crore via private placement. The IPO will consist of a fresh issue of equity shares, each with a face value of ₹10, as stated in the company's exchange filing. The IPO is subject to regulatory approvals and market conditions, while the preferential issue will be conducted on a private placement ba
Aegis Vopak Terminals Approves ₹4,000 Crore IPO and ₹800 Crore Private Placement Amid Mixed Financial Results
Aegis Vopak Terminals Ltd. has announced that its board of directors has approved a proposal to raise ₹4,000 crore through an initial public offering (IPO) and an additional ₹800 crore via private placement. The IPO will consist of a fresh issue of equity shares, each with a face value of ₹10, as stated in the company's exchange filing. The IPO is subject to regulatory approvals and market conditions, while the preferential issue will be conducted on a private placement ba

US Presidential Election 2024: What will be the impact on Indian IT stocks? Experts decode
As the U.S. Presidential Election 2024 nears, Indian investors are closely watching its potential effects on the IT sector, which relies heavily on the U.S. market. Indian IT giants, including TCS, Infosys, Wipro, HCL Technologies, and Tech Mahindra, derive a substantial portion of their revenue from American clients, making this election significant for their growth prospects. The India Brand Equity Foundation projects India’s IT and business services market to reach approximately $19.
US Presidential Election 2024: What will be the impact on Indian IT stocks? Experts decode
As the U.S. Presidential Election 2024 nears, Indian investors are closely watching its potential effects on the IT sector, which relies heavily on the U.S. market. Indian IT giants, including TCS, Infosys, Wipro, HCL Technologies, and Tech Mahindra, derive a substantial portion of their revenue from American clients, making this election significant for their growth prospects. The India Brand Equity Foundation projects India’s IT and business services market to reach approximately $19.

"Indian Equity Indices Slide for Second Week; Titan Co. and Tata Steel Lead Losses"
India's benchmark equity indices closed lower for a second consecutive week on Friday, as market sentiment was dampened by losses in major stocks such as Titan Co. and Tata Steel Ltd. On Friday, the Nifty index slipped by 0.10%, or 24.15 points, finishing at 24,974.3, while the Sensex declined by 0.22%, or 176.01 points, closing at 81,435.40. The decline was attributed to the performance of banking stocks and Tata Consultancy Services Ltd., which contributed significantly to the
"Indian Equity Indices Slide for Second Week; Titan Co. and Tata Steel Lead Losses"
India's benchmark equity indices closed lower for a second consecutive week on Friday, as market sentiment was dampened by losses in major stocks such as Titan Co. and Tata Steel Ltd. On Friday, the Nifty index slipped by 0.10%, or 24.15 points, finishing at 24,974.3, while the Sensex declined by 0.22%, or 176.01 points, closing at 81,435.40. The decline was attributed to the performance of banking stocks and Tata Consultancy Services Ltd., which contributed significantly to the

"Indian Equity Indices Break Six-Day Losing Streak, Driven by Gains in HDFC Bank, Infosys, and Reliance"
India's benchmark equity indices, the Nifty 50 and the Sensex, snapped their six-session losing streak on Tuesday, posting gains despite a downturn in most global markets. This rally was primarily driven by heavyweight stocks, including HDFC Bank Ltd., Infosys Ltd., and Reliance Industries Ltd., as investors await the outcome of the upcoming monetary policy committee meeting set for Wednesday. The Nifty 50 index closed up by 0.88%, or 217.40 points, ending the day at 25,013.15,
"Indian Equity Indices Break Six-Day Losing Streak, Driven by Gains in HDFC Bank, Infosys, and Reliance"
India's benchmark equity indices, the Nifty 50 and the Sensex, snapped their six-session losing streak on Tuesday, posting gains despite a downturn in most global markets. This rally was primarily driven by heavyweight stocks, including HDFC Bank Ltd., Infosys Ltd., and Reliance Industries Ltd., as investors await the outcome of the upcoming monetary policy committee meeting set for Wednesday. The Nifty 50 index closed up by 0.88%, or 217.40 points, ending the day at 25,013.15,

US Stocks Open Lower as Investors Pause After Fed Rate Cut
US stocks experienced a lower opening on Friday as investors took a moment to reassess following a robust rally spurred by the Federal Reserve's significant interest rate cut earlier this week. The Dow Jones Industrial Average fell by 120 points, or 0.3%, landing at 41,906.55. Meanwhile, the tech-heavy Nasdaq Composite decreased by 0.2%, settling at 17,950.7. The S&P 500 also saw a dip, declining by as much as 0.26% to 5,698.93. Despite the overall market downturn, nine of t
US Stocks Open Lower as Investors Pause After Fed Rate Cut
US stocks experienced a lower opening on Friday as investors took a moment to reassess following a robust rally spurred by the Federal Reserve's significant interest rate cut earlier this week. The Dow Jones Industrial Average fell by 120 points, or 0.3%, landing at 41,906.55. Meanwhile, the tech-heavy Nasdaq Composite decreased by 0.2%, settling at 17,950.7. The S&P 500 also saw a dip, declining by as much as 0.26% to 5,698.93. Despite the overall market downturn, nine of t

Market Outlook: Nifty and Sensex Key Levels to Watch Amid Bullish Bat Pattern Formation
The current market sentiment is subdued, with the potential for a fresh selloff if certain technical thresholds are breached. Analysts suggest that for the Nifty and Sensex to experience a significant decline, the indices would need to drop below their respective 20-day simple moving averages or fall beneath the 24,900 and 81,400 marks. If these levels are breached, the Nifty could slip to the 24,775-24,725 range, while the Sensex might drop to 81,000-80,800. On the other hand, for
Market Outlook: Nifty and Sensex Key Levels to Watch Amid Bullish Bat Pattern Formation
The current market sentiment is subdued, with the potential for a fresh selloff if certain technical thresholds are breached. Analysts suggest that for the Nifty and Sensex to experience a significant decline, the indices would need to drop below their respective 20-day simple moving averages or fall beneath the 24,900 and 81,400 marks. If these levels are breached, the Nifty could slip to the 24,775-24,725 range, while the Sensex might drop to 81,000-80,800. On the other hand, for