Business Standard Podcast

Almost 25 years after he founded Jet airways, Naresh Goyal finally stepped down as the chairman of the debt laden company and relinquished his seat on the board as well. His wife has also resigned from the post of director and their shareholding is now diluted to  25.5%.  The consortium of lenders, led by the State Bank of India, now own a 50 per cent stake and are hoping to find an investor by the end of May...

The domestic equity market today is likely to be guided by stock-specific action, movement of rupee against the US dollar, oil prices, and FII inflows. On the global front, investors have been spooked by sharp falls in US bond yields and an inversion of the US Treasury yield curve, which is widely seen as an indicator of an economic recession. The 10-year US Treasury yield dropped to 2.4 per cent, having shed 5 basis points on Monday...

The domestic equity market ended nearly a per cent lower on Monday on growing fears about a US recession and global economic slowdown. Concerns about the health of the world economy heightened last week after cautious remarks by the US Federal Reserve sent 10-year treasury yields to the lowest since early 2018. The S&P BSE Sensex fell 356 points or 0.93 per cent to settle at 37,809, while NSE's Nifty50 index ended at 11,354, down 103 points or 0.90 per cent...

The release of macroeconomic data, F&O expiry, foreign fund flows, and global cues are among the factors that may sway investor sentiment this week. The fiscal deficit data and infrastructure output data for the month of February is slated for a release on Friday. The March series futures & options contracts expire on Thursday and investors will roll over positions to April series...

Snapping its eight-day rally, the S&P BSE Sensex ended 222 points lower at 38,165 as investors booked profit in recent gainers. Besides, selling in auto stocks, too, weighed on the sentiment.  Industry heavyweights Reliance Industries (RIL), HDFC Bank, SBI and Maruti contributed the most to the index's losses. Out of 30 components of the index, only 10 scrips ended in the green and rest in the red...

Mounting the country's first hostile takeover bid in the IT sector, infrastructure giant Larsen and Toubro Monday made an offer to buy up to 66 per cent stake in the Mindtree for around Rs 10,800 crore. L&T has entered into a deal to buy Cafe Coffee Day owner V G Siddhartha's 20.32 per cent stake in Mindtree and has also placed an order with brokers to pick up another 15 per cent of the company shares from the open market...

The US Federal Reserve's decision to scale back the projected rate hikes this year to zero will today be a key factor for investors in the domestic equity market apart from stock-specific action, movement of rupee against the US dollar, oil prices, and FII inflows. The US Federal Reserve brought its three-year drive to tighten monetary policy to an abrupt end, abandoning projections for any interest rate hikes this year amid signs of an economic slowdown...

After a seven-day rally, the domestic equity market ended on a flat note on Wednesday amid selling in auto, metals and energy counters. Moreover, investors looked for further cues before taking bets. The S&P BSE Sensex added 23 points or 0.06 per cent to settle at 38,387 while NSE's Nifty50 index closed at 11,521, down 11 points or 0.10 per cent.  In the broader market, the S&P BSE MidCap index ended 54 points or 0...

In the absence of any immediate key domestic triggers, the equity market today is expected to be guided by the Federal Reserve's two-day policy meeting which concludes later in the day, stock-specific action, movement of rupee against the US dollar, and oil prices. The domestic benchmark indices extended their winning streak to the seventh day in a row on Tuesday. The S&P BSE Sensex gained 268 points or 0...

Extending their winning streak to the seventh day in a row, the equity benchmark indices ended with sharp gains on Tuesday amid heavy buying in banks, IT and energy counters. The S&P BSE Sensex gained 268 points or 0.70 per cent to settle at 38,363. Out of 30 constituents, 24 advanced while 6 declined. Reliance Industries (RIL), ITC, Infosys and HDFC Bank contributed the most to the index's gains while auto stocks and L&T emerged as the top drags...