Business

New Delhi, Bank stocks surged on Tuesday, with IndusInd Bank jumping nearly 7 percent, in line with a rally in the broader market.Shares of IndusInd Bank rose 6.84 percent, Axis Bank 4.18 percent, HDFC Bank 3.23 percent and ICICI Bank 2.86 percent on the BSE. Shares of Canara Bank rose 2.40 percent, Yes Bank (2.10 percent), State Bank of India (1.23 percent), Bank of Baroda (1.10 percent), Federal Bank (0.84 percent) and Kotak Mahindra Bank (0.44 percent). The BSE Bankex index rose 2.51 percent to 59,866.95. "Banking stocks have benefited from the cut in deposit rates," said Vinod Nair, Head of Research at Geojit Investments Ltd. Rising for the second consecutive session on Tuesday, the 30-share BSE Sensex jumped 1,577.63 points, or 2.10 percent, to close at 76,734.89. The NSE Ni...

New Delhi, Apr 14 The number of unsold homes stood at around 5.6 lakh units at the end of the March quarter, down 4 per cent year-on-year, due to robust sales, according to Anarock. Data from real estate consultant Anarock showed that the number of unsold homes across seven major cities declined to 5,59,808 units at the end of March 2025 from 5,80,895 units in the same period a year ago. These seven cities are Delhi-NCR, Mumbai Metropolitan Region (MMR), Kolkata, Chennai, Bengaluru, Hyderabad and Pune. According to the data, the number of unsold homes priced below Rs 40 lakh declined 19 percent to 1,12,744 units at the end of March from 1,39,905 units in the same period a year ago. In the Rs 40-80 lakh price category, there were 1,57,741 unsold homes by the end of 2025, down 1...

NBCC shares jumped nearly 2 percent on April 11 after the company released two positive updates about its sales. The company's shares closed at Rs 89 per share. In an exchange filing released on April 11, the Navratna company announced that it has successfully sold 560 residential units at Aspire Leisure Park in Greater Noida. The units were sold through e-auction and have a total sale value of over Rs 1,153 crore. The company further said, "NBCC will receive a marketing fee at the rate of 1 percent of the sale value." In another exchange filing released after market close on April 9, NBCC had announced that it sold 1,185 residential units in the third phase of Aspire Dream Valley in Greater Noida through e-auction at a total sale value of about Rs 1,504.69 crore. Earlier in the ...

Suzlon Energy Shares: Shares of Suzlon Energy surged 5.37% to hit an intra-day high of ₹53.96 per share on the National Stock Exchange (NSE) on Friday, April 11. This stems from a quarter-on-quarter (QoQ) 3.76% increase in the company’s retail shareholder count, from 54.69 lakh in December FY25 to 56.75 lakh in March FY25. As per shareholding pattern data released by the Bombay Stock Exchange (BSE), individual investors with nominal share capital of up to ₹2 lakh held a 25.12% stake in Suzlon Energy in the fourth quarter of financial year 2024-25 (Q4FY25), as against 24.49% in the previous quarter. High net worth individuals (HNIs)--- those with a nominal share capital of more than ₹2 lakh reduced their stake in the company by less than one percentage point to 13.59% in Q4FY25 from ...

Shares of Anil Aggarwal-owned mining company Vedanta Ltd have fallen for the third consecutive session, extending a three-day decline of over 18%.The stock fell another 7% on Monday, April 7, while it had declined nearly 9% last Friday and 4% last Thursday.The stock has declined in five of the last six trading sessions.With this decline, the stock is now down nearly 30% from its 52-week high of ₹526. The stock is still up 15% from its 52-week low of ₹317.On the charts, the stock has slipped below all its key moving averages, 50, 100 and 200-day moving averages, following this recent decline.The stock has also entered the oversold zone, as its Relative Strength Index (RSI) has fallen to the level of 26. An RSI reading below 30 indicates that the stock is at oversold levels.Recently, Vedant...

Jio Financial Services Limited (JFSL) on Tuesday, April 8 announced that its NBFC arm, Jio Finance Limited (JFL), is entering the digital Loan Against Securities (LAS) space through its Jio Finance app. Shares of Jio Financial Services surged 5.45% to hit an intra-day high of ₹225.15 per share on the National Stock Exchange (NSE) on Tuesday. It closed at ₹224.81 per share, up 5.29% on the NSE, and was among the top gainers on the Nifty50 today. The fully digital Loan Against Securities (LAS) service will allow customers to get loans of up to ₹1 crore within 10 minutes, by leveraging their investments such as shares and mutual funds. LAS, which includes loans against shares and loans against mutual funds, will allow customers to avail loans at competitive interest rates starting f...

Shares of Titan Company jumped 6.5 percent on April 8, recovering from a 52-week low hit in the previous session. The sharp surge came after the company's strong business update for the January-March quarter (Q4FY25), showing broad-based revenue growth and continued retail expansion. The Tata Group firm reported a 25 per cent year-on-year (YoY) growth in revenue in the March quarter, led by strong performance in jewellery, watches, eyewear and emerging businesses. Titan added 72 new stores during the quarter, taking its total consolidated retail network to 3,312 stores by the end of FY25. Its jewellery segment, which drives the bulk of its revenue, posted a 24 percent year-on-year (YoY) growth. A sharp rise in gold prices led to a 27 percent YoY growth in plain gold jewellery sal...