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Several retail traders are allegedly boycotting the stock market today, not trading Indian equities as a mark of protest against the newly introduced Closing Auction Session (CAS) that has triggered panic among investors this month. Stock exchanges introduced the new CAS system this month, changing the way closing prices are calculated for stocks included in…
Indian aluminium stocks witnessed a sharp rally on Wednesday following a major supply-side disruption in global metal markets. National Aluminium Company (NALCO) shares surged as much as 8% to Rs 418.95, while Hindalco Industries gained 2.7% to around Rs 1,080.60. The buying momentum came as global aluminium prices rose to a seven-week high in London….
India’s markets regulator has not observed any manipulation in the newly introduced closing auction session that determines closing price levels, the Securities and Exchange Board of India chairman said on Wednesday. The closing auction is a big market structure reform in line with global standards, Tuhin Kanta Pandey said at an event in Mumbai. “We…
Shares of Dr Agarwals Health Care fell as much as 7.3% to their day’s low of Rs 503 on the BSE on Wednesday after 4.07 crore shares, representing 12.9% of the company’s equity, changed hands through block deals. The transactions were executed at Rs 506.5 per share, taking the total deal value to Rs 2,065…
Shares of salt-to-airlines conglomerate Tata Group companies declined up to 4% this morning, led by its cash cow TCS, after N Chandrasekaran resigned as Tata Sons chairman ahead of the group’s annual general body meeting (AGM) on August 18. Shares of TCS, which is the company with the largest market capitalization in the Tata pack,…
Shares of Finolex Cables gained over 10% to hit a 52-week high of Rs 1,375 on the BSE on Wednesday after the company reported strong financial results for the first quarter ended June 30, 2026. Finolex Cables reported a 52.6% year-on-year rise in consolidated net profit to Rs 208.2 crore in the June quarter, compared…
Shares of TD Power Systems rallied over 12% to Rs 1,433 apiece on the BSE on Wednesday after the company reported a 72% year-on-year (YoY) increase in Q1 profit after tax (PAT) to Rs 86 crore, compared with Rs 50 crore in the year-ago quarter. The company reported its Q1 earnings post-market hours on Tuesday….
Shares of drone manufacturer ideaForge Technology extended its post-earnings slump, falling 9.5% over two days to trade at Rs 809.10 on the BSE on Wednesday. The stock fell after the company reported a 49% decline in its Q1 profit margin, despite positive earnings for the June quarter. Citing strong prospects but a risk of order…
Nearly ₹1 lakh crore worth of bank deposits has been transferred to the Reserve Bank of India’s Depositor Education and Awareness (DEA) Fund, highlighting the scale of money lying untouched because account holders or their families have not claimed it. Data shared by the finance ministry in Parliament showed that the amount transferred to the…
Shares of FMCG major Godrej Consumer Products Ltd. (GCPL) crashed as much as 10% to an intra-day low of Rs 916 on the BSE on Wednesday, following the company’s announcement of Managing Director and Chief Executive Officer (MD & CEO) Sudhir Sitapati’s sudden resignation with immediate effect. In his resignation letter, Sudhir Sitapati said that…