Category: Stock Market

The board of Power Finance Corporation will consider a proposal for issue of bonus shares to its investors on August 11. The company will also announce its results on the same day. ‘The Board of PFC will also be considering a proposal for issue of bonus shares to the equity shareholders of the company in the ratio,… Continue reading Power Finance Corporation board to consider bonus issue, dividend on August 11

Experts believe the RBI will maintain a status quo on rates and stance on August 10. According to a Mint survey of 10 economists, RBI MPC is likely to leave interest rates and policy stance unchanged at its meeting this week. All economists expect MPC to keep the repo rate unchanged at 6.5 per cent… Continue reading RBI policy: How the Indian stock market is expected to react tomorrow

Asian shares mostly fell Wednesday after worries about the U.S. banking system set off a decline on Wall Street and amid concerns closer to home about Chinese economic growth. Japan’s benchmark Nikkei 225 lost 0.2% to 32,323.31 in morning trading. Australia’s S&P/ASX 200 was virtually unchanged, edging up less than 0.1% to 7,316.60. South Korea’s… Continue reading Stock market today: Asia shares mostly decline after Wall Street slide on bank worries

IRCON shares have witnessed a sharp upmove this year. IRCON stock price has jumped 80% YTD, while it has rallied more than 172% in the last one year. The state-run engineering and construction firm IRCON International posted a net profit of ₹187 crore for the quarter ended June 2023, recording a growth of 29.6% compared… Continue reading IRCON shares hit a record high after strong Q1 results

Moody’s Investors Service cut credit ratings for 10 small and midsize US banks and placed some major lenders including M&T Bank Corp., Webster Financial Corp., BOK Financial Corp., Old National Bancorp, Pinnacle Financial Partners Inc., and Fulton Financial Corp. The rating agency also adopted a ‘negative’ outlook for 11 lenders, including PNC Financial Services Group,… Continue reading Moody’s downgrades credit ratings for 10 US banks, more cuts likely

U.S. stocks finished higher on Monday, regaining some of the ground lost last week, as investors added positions ahead of Thursday’s highly awaited U.S. inflation report. The main stock indexes ended last week lower as investors took profits after months of gains due to worries over economic data, mixed earnings and rising Treasury yields. U.S.… Continue reading US stock market: Dow Jones, S&P 500 regain ground as US inflation report nears

Piramal Pharma rights issue 2023 has opened for subscription today and interestred applicants would be able to apply for the rights offer till 17th August 2023. Those who held Piramal Pharma shares on rights issue record date i.e. 2nd August 2023, they are eligible for applying to this rights issue of the pharma company. Piramal Pharma has… Continue reading Piramal Pharma rights issue opens today. Price, ratio, other details in 5 points

Stocks sank on Tuesday, set to open in the red after surprisingly weak Chinese trade data and a warning about US bank health sent shivers through markets. Futures on the Dow Jones Industrial Average (^DJI) fell about 0.5%, or 180 points. Meanwhile, those on the S&P 500 (^GSPC) and the tech-heavy Nasdaq 100 were both… Continue reading Stocks slide, weighed down by worries about banks and China: Stock market news today

Over the recent months, inflation has dropped. Given the robust US job market, the Euro region’s resiliency, and the global supply chain index’s pre-pandemic levels, analysts at Yes Securities feel this is more a result of supply restoration than demand destruction. This is a reassuring indication that rate hikes will shortly come to an end,… Continue reading Stocks to buy: Experts recommend these top mid and large cap stocks for August

MTC traded in ‘paired contracts’, which did not have regulatory approval, the Sebi order said. The Sebi also directed MMTC to allow its existing clients to withdraw or transfer their securities or funds held by it within 15 days. In case a client fails to do so, the broker will transfer the funds and securities… Continue reading NSEL case: Sebi cancels MMTC’s stock broker licence, existing clients can withdraw funds in 15 days