Sensex and Nifty 50 recovered from losses around noon on May 17, with automobile and financial services stocks supporting the indices."The market is currently in a recovery phase and we anticipate this trend to persist till broad-based interest returns," said Kranthi Bathini, Director-Equity strategy, Wealth Mills Securities.At 11:05 am, the Sensex was up 268 points or 0.4 percent at 73,932 and th...

Equity benchmarks the Sensex and the Nifty opened flattish on April 26, weighed down by the slower-than-expected GDP growth in the US, which pushed back rate cut expectations.Around 9.30 am, the Sensex was up 113.31 points, or 0.15 percent, at 74,452.75, and the Nifty was up 33.40 points, or 0.15 percent, at 22,603.70. About 1,892 shares rose, 734 fell, and 96 remained unchanged.The US GDP grew 1....

#1. India’s volatility index is close to a record low after falling the most in five yearsThe India Vix, a measure of stock market volatility, saw its steepest fall in five years to 10.2 and finished close to a record low, the Business Standard reported. It was the steepest decline since May 23, 2019, when the results of the Lok Sabha elections were declared, which was the 12th biggest single-da...

Axis Securities Ltd initiated coverage on Man Infraconstruction Ltd with a 'buy' rating and a target price of Rs 270 per share on the back of a robust project pipeline, asset-light business model, and strong execution capabilities of the company.The target price of Rs 270 per share, indicates a potential upside of 25 percent from Man Infra's current stock price. At 1 pm, the shares of Man Infra tr...

Tata Digital super app Tata Neu has gone live with the food delivery category through the Open Network for Digital in Delhi-NCR and Bengaluru, while it is likely to go live in three more top-tier metros by next week and pan-India by the middle of May, according to people aware of the developments.Although Tata Neu users in other cities like Mumbai and Kolkata are not being shown the food delivery ...