Month: September 2022

Small Cap World Fund on Monday acquired software company Mastek Ltd’s shares worth over Rs 96 crore through an open market transaction. According to bulk deal data available with BSE, SmallCap World Fund Inc purchased 5,49,676 shares of the company, amounting to a 1.82 per cent stake in the firm. …

Continue reading “SmallCap World Fund buys nearly 550k Mastek shares worth over Rs 96 cr”

Shares of Metro Brands hit a new high of Rs 948.85, surging 6 per cent on the BSE in Tuesday’s intra-day trade, on strong business outlook. The stock surpassed its previous high of Rs 935, touched on September 23, 2022. Metro Brands, on September 21, had said that the volume …

Continue reading “Metro Brands extends rally on strong outlook; zooms 69% in 2 months”

The rupee weakened to a new low against the US dollar on Monday, as the dollar’s strength continued unabated amid indications of a longer tightening cycle by the Federal Reserve, dealers said. Importers made a beeline to purchase the US dollar, amplifying the weakness in the rupee. The rupee, which …

Continue reading “Rupee falls to new low as dollar’s rise continues; importers buy greenback”

Shares of Information Technology (IT) companies continued to reel under selling pressure with frontline stocks hitting 52-week lows on the BSE in Monday’s intra-day trade amid growth concerns. Tata Consultancy Services (TCS), Infosys, Wipro and Mphasis hit their respective 52-week lows on the National Stock Exchange (NSE) today. At 10:01 …

Continue reading “IT shares extend fall; TCS, Wipro, Infy hit 52-week lows on growth concerns”

Domestic benchmark indices plummeted on Friday as fears of a recession gripped investors all around the world. The BSE Sensex closed 1,021 points lower at 58,099, settling 1.26 per cent, or 742 points, down for the week. This was its lowest level since August 29. The NSE Nifty, meanwhile, shed …

Continue reading “Sensex sheds 1,021 pts on Friday, ends week with 700-pts cut: Here’s why”

Shares of Mahindra & Mahindra (M&M) Financial Services tanked 14 per cent to Rs 192.05 in Friday’s intra-day trade, after the Reserve Bank of India (RBI) directed the company to immediately cease any recovery or repossession activities via an outsource till further orders. At 09:55 am; the stock traded 11 …

Continue reading “M&M Financial tanks 14% as RBI bars third-party services for loan recovery”

The Indian rupee is likely to fall further after hitting a record low to the dollar on Thursday as the U.S. Federal Reserve hinted at more aggressive rate hikes to tame inflation. The rupee opened at a record low of 80.2850 per U.S. dollar, down from 79.9750 in the previous …

Continue reading “Indian rupee tipped to fall further after reaching record low: Analysts”

Shares of Infosys hit a 52-week low at Rs 1,360.15, down 1 per cent on the National Stock Exchange (NSE) in Thursday’s intra-day trade. The stock has dropped 14 per cent so far in the last one month amid growth concerns. In comparison, the S&P BSE Sensex was down less …

Continue reading “Infosys hits 52-week low, slips 14% in one month amid growth worries”