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Shares of Adani Group companies rallied on Tuesday, a day after it prepaid some loans. >> For more such web stories click on the ET icon below

“The industry will have to come up with ideas, talk with government…The need of the hour is to give money where there is an idea waiting to bloom and that idea is going to have an impact on several of us. And the search for ideas should be from you Continue Reading

As Nifty formed a lower top for the second consecutive day, chart readers said 17,870 – 17,854 could be the trading range for the Nifty in the near term.Options data suggests a broader trading range between 17400-18200 zones, while an immediate trading range between 17600-17900 zones.

From the Sensex pack, Tata Steel was the worst performer, declining 5.5%. ITC, Maruti, HCL Tech, Tata Motors and Sun Pharma also closed with losses

As of December 2022, the total FII ownership in Reliance Industries stood at 23.48%, and for six quarters in a row, this investor community has reduced its holdings.

If you look at the valuation also these were relatively reasonably valued even pre-correction and now post-correction they are definitely attractive from a long-term investor’s point of view so this can be acquired.

For the India business, the company has reported a profit of Rs 1,918 crore with a revenue of Rs 32,325 crore for the period under review. India deliveries stood at 4.74 million tonnes, and were up 7% YoY, primarily driven by 11% growth in domestic deliveries, which has also enabled Continue Reading

So far in the calendar year 2023, Nifty has lost about 2% of its value while both developed and emerging market indices are making investors richer. On a year-to-date (YTD) basis, the S&P500 is up 7%, UK’s FTSE 5.2%, South Korea’s KOSPI 9.8%, China’s Hang Seng 8.7%, Japan’s Nikkei 6.3% Continue Reading

JPMorgan maintained an overweight rating on Tata Steel with a target price of Rs 140. “Large PAT loss was driven by inventory NRV hit in Europe,” JPMorgan said.

The S&P BSE Sensex fell more than 300 points while the Nifty50 closed below 17800 levels on Monday.