Sahara-Sebi legal tiff likely to continue
November 16th, 2023 06:27
Legal experts, along with lawyers representing both the Sahara Group and the Securities and Exchange Board of India (SEBI), have confirmed that the protracted legal dispute between the two entities will persist in the Supreme Court. This determination comes despite the unfortunate demise of Subrata Roy, the chief of the Sahara Group.
Indices jump over 1% mirroring gains in global markets
November 16th, 2023 06:27
"The biggest reason for gains today is the favourable US inflation data along with the S&P, Dow and Nasdaq seeing its largest gain since April this year," said Aamar Deo Singh, head advisory at Angel One Broking.
Market infra stocks zoom as Street gets busy again
November 16th, 2023 06:27
Analysts, however, warn these stocks might be overbought after the recent run up. "... when markets are bullish, brokers, dealers and other intermediaries, tend to benefit because their cost structures are such that when topline improves, profitability goes through the roof," said Sahil Kapoor, market strategist at DSP Mutual Fund.
Market looks ready for another pre-poll rally
November 16th, 2023 06:27
For starters, in the six months leading up to the 11 general elections held between 1980 and 2019, the Sensex averaged an impressive 14.3% return, underlining the stock market’s capacity to navigate and prosper amid political uncertainty and transitions.
TCS fixes November 25 as record date for proposed Rs 17000-crore share buyback
November 16th, 2023 00:27
In October, India's largest software exporter had announced a Rs 17,000-crore share buyback programme through the tender offer route. The company plans to buy back up to 4.09 crore shares at a price of Rs 4,150 per share. This represents 1.12% of the total paid-up equity share capital of the company.
Wall St gains on easing producer prices, Target's upbeat forecast
November 15th, 2023 22:27
At 10:02 a.m. ET, the Dow Jones Industrial Average was up 80.18 points, or 0.23%, at 34,907.88, the S&P 500 was up 10.63 points, or 0.24%, at 4,506.33, and the Nasdaq Composite was up 36.87 points, or 0.26%, at 14,131.25
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