Oil and data centre stocks sink after US midterms
Following the US midterm election outcomes, significant shifts have been noted, influencing both oil prices and Asian stock markets. This week, Brent crude futures plummeted to under $100 a barrel. Democratic party wins stirred hope for resolutions to the US-Iran conflict, which may impact energy pricing. While overall stocks showed gains, South Korea’s tech-heavy index […]
Positive Breakout: These 8 stocks cross above their 200 DMAs
In the Nifty200 pack, eight stocks’ closing prices crossed above their 200-day moving averages (DMA) on November 4, 2026, according to StockEdge’s technical scan data. The 200-day moving average (DMA) is used by traders as a key indicator for determining the overall trend of a stock. As long as a stock’s price remains above its […]
Niva Bupa Q2 YoY profit after tax soars 124%
Niva Bupa Health Insurance reported an impressive 124% year-on-year profit surge in the second quarter, leading to a profit after tax of ₹136 crore, up from ₹60 crore last year. The gross written premium also saw a substantial growth of 35%, totaling ₹2,484 crore this quarter. Notably, retail health premiums soared by 47% to ₹1,876 […]
ENIL’s Q2 Ebitda rises 9.5% on cost cuts, lower digital losses
Entertainment Network India Ltd has reported a 9.5% increase in Ebitda and a consolidated revenue of ₹117 crore. Radio contributed a significant 53% of the domestic revenue during the quarter. The digital revenue grew while the Ebitda loss for the digital sector narrowed compared to the previous year. Chief executive Yatish Mehrishi indicated efforts to […]
Rupee extends gains for fourth day, closes at 95.64
The rupee closed at 95.64 on Wednesday, modestly stronger from its previous close of 95.75 after going through a choppy session post the US midterm elections. It traded in the range of 94.87 and 94.49. This is the fourth consecutive day the rupee has strengthened.
Sebi eases KYC norms for NRIs, OCIs and foreign nationals, allows digital onboarding from overseas
Securities and Exchange Board of India has relaxed Know Your Client requirements for overseas investors. This change enables non-resident Indians, Overseas Citizens of India, and foreign nationals to onboard digitally. Individuals from FATF-compliant countries can now submit KYC details remotely without being in India. Intermediaries are allowed to rely on existing KYC records and conduct […]
Foreign buying, softer crude lift Dalal Street; Sensex closes above 77,300
Following the US midterm elections, Indian investors are buoyed by hopes of decreased global trade tensions. The Sensex surged by 383.55 points, closing at 77,301.40, while the Nifty increased by 149.75 points to end at 23,960.60, highlighting a significant rebound for the indices. Analysts believe reduced geopolitical risks could enhance India’s economic prospects, despite a […]
Persistent raises Rs 7,600 crore to wrap up funding for Nagarro SE deal
Persistent Systems has made waves in the financial market by securing ₹7,600 crore through non-convertible debentures aimed at funding its acquisition of Nagarro SE. This bold move saw bonds varying from two to three years issued, with demand soaring above ₹15,000 crore, attracting top investors. Additionally, the company successfully raised ₹600 crore with a one-year […]
India needs wider bond yield premium to draw foreign investors
India’s 10-year government bond yield differential with the US has recently surpassed 240 basis points. Market analysts suggest that this yield gap should exceed 300 basis points for attracting significant foreign investments. October saw foreign investors sell bonds worth approximately ₹5,615 crore, a decrease from the previous month. The rupee’s performance improved against the dollar, […]
15 stocks to bet on as Indian markets look to rebound in Samvat 2083
Investors are entering the new Hindu calendar year with renewed optimism for Indian equities. Easing valuations, steady earnings growth, and improving foreign inflows are contributing to this positive outlook. The Nifty and Sensex have declined by about 8% in the previous year. Brokerages have compiled 15 stock ideas expected to outperform in the upcoming Samvat […]