Shares of Cipla soared 4 percent in opening trade on May 15, after three block deals in the counter took place on the exchanges. Around 2.04 crore shares, making up a 2.52 percent stake in drugmaker Cipla changed hands in the three block deals.The company later confirmed that its promoters, the Hamied family sold a 2.5 percent stake in the drugmaker.CNBC-Awaaz had also reported on May 14 that the ...

Traders in US Treasury options are positioning for a bond rally and sharp drop in yields in the aftermath of crucial inflation data to be released on Wednesday.Heavy buying over the past week has centered on options that would stand to benefit from US 10-year yields dropping to roughly 4.3%, some 15 basis points below where they are now and the lowest in more than a month. One high-risk trade stoo...

Loss over profitA bird in the bush is worth two in hand. That seems to be the approach of many small and high-networth individuals looking for potential multi-bagger stocks in the small-cap space. This is reminiscent of the startup bubble a few years back when investors would get excited by the cash burn of a company rather than its profitability. Loss-making TIL (formerly Tractors India Limited) ...

Mid-tier information technology (IT) companies lost more ground than their larger peers in the financial year 2023-24 as vendor consolidation deals by clients have led to a decline in revenue growth, and that too on a smaller base. Although mid-tier companies continued to outperform their Tier-1 peers, the year-on-year (YoY) growth rate halved in FY24.Lower tech spending by clients due to uncertai...

The BSE Sensex and NSE Nifty 50 kicked off with gains on May 15, driven by robust global markets ahead of key U.S. inflation data expected later today, which could influence the Federal Reserve's next moves.Early Gains and Outperformance in Broader MarketsBy 9:21 am, the Sensex had climbed 83 points (0.1 percent) to 73,187, and the Nifty 50 had risen 35 points to 22,252. Broader markets shone even...