Indian stock markets opened flat on Thursday after the US Federal Reserve kept the interest rates unchanged in its latest meeting.
Indian stock markets opened flat on Thursday after the US Federal Reserve kept the interest rates unchanged in its latest meeting. BSE Sensex started 15.57 or 0.05% higher at 33,615.84 points while NSE Nifty opened flat at 10440.5 points. US markets ended marginally higher following the Fed’s action to leave the rates unchanged. “The US central bank pointed to solid US economic growth and a strengthening labor market while downplaying the impact of recent hurricanes, a sign it is on track to lift borrowing costs again in December,” Reuters reported.
2.00 pm: This top fund manager explains how to trade Sensex and Nifty now
With Sensex and Nifty trading at all-time high levels, it has become increasingly difficult to find value buys in the market. As such times, one can look at investing into an index, says N Jayakumar of Prime Securities.
In a record deal, Swedish furniture maker IKEA has picked up 10 acres of commercial land in Gurgaon for a whopping Rs. 842 crore from Haryana Urban Development Authority.
India’s richest man Mukesh Ambani, has now overtaken China’s Hui Ka Yan to become Asia’s richest person with a staggering net worth of $ 42.1 billion, backed by rising Reliance Industries Ltd stock prices.
12.45 pm: Macquarie cheers for Hero MotoCorp shares on company’s highest ever quarterly sales in Q2: Global research and brokerage firm Macquarie has increased the target price on the shares of Hero MotoCorp, after the company registered its highest ever quarterly sales in the July-September quarter.
12.42 pm: Divi’s Lab stock gains over 21% as USFDA aims to lift import alert at Visakhapatnam unit: Divi’s Laboratories shares advanced over 21% in the early morning trade on Thursday after the company said that US Food and Drug Administration will lift the import alert from its Visakhapatnam unit.
11.46 am: Sensex hits all-time high again: Top 4 stocks to buy today: Sensex hit a fresh lifetime high on Thursday extending yesterday’s gains steered by the ranking upgrade in the World Bank Ease of Doing Business rankings 2018. With the index hovering around all-time high we bring you top four stocks to today.
10.10 am: Khadim IPO opens; 6 key points to know about Rs 543 crore issue before you go for subscription: The IPO of the Kolkata-based footwear retailer Khadim’s India opened on Thursday for bidding. Khadim’s India has expected to raise about Rs 543.06 crore at the upper end of the price band.
The IPO (initial public offering) of the Kolkata-based footwear retailer Khadim’s India for Rs 543 crore kicks off today. Here’s what top brokerages have to say about the issue.
Axis Capital has increased its target price on the shares of Tech Mahindra after the IT services firm reported a near 30% rise in net profit in the September quarter, as compared to the same period a year ago.
9.48 am: US Fed effect: Sensex stalls around 33,600; pharma stocks shine, Tech Mahindra dives 5%: US Fed effect: Sensex stalls around 33,600; pharma stocks shine, Tech Mahindra dives 5%