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The nation’s shares have logged the one of the best rebounds from the March lows globally while battling some of the world’s worst economic data. The surge has pushed up valuations to a record as investors look past the grim reality and the world’s third-highest tally in coronavirus cases.
Ahead of Market: 10 things that will decide D-Street action on FridayNifty50 formed a bearish candle, the third in a row, on the daily chart. It made a lower-high lower-low for the fourth straight session. Analysts said the level of 15,800 may offer some support to the index, failing which the… Read MoreSnap plunges 35% after results as US stocks open mixedAbout 30 minutes into trading, Snapchat's parent company was down 35.4 percent as it pointed to a punishing confluence of increased competition, slowing growth of its revenue, "upended" advertising industry standards and macr… Read MoreGokaldas Exports reports 152% jump in revenuesThe company reported a profit before tax (PBT) of Rs 50.8 crore compared to a loss of Rs.2.6 crore in the same period last year and a PBT Rs 52.4 crore in the Jan-March quarter of the last fiscal year. In the first quarter of… Read MoreSebi files FIR in cyber security incident; no sensitive data lost“Various mitigation measures were immediately taken in response to the said cyber security incident including, informing Indian Computer Emergency Response team (CERT-In) as per the standard operating procedure, strengthening… Read MoreHindustan Zinc reports best quarterly performance backed by favourable commodity pricesThe Vedanta Group company reported a 44% year-on-year growth in its consolidated topline to Rs 9,387 crore. High power and fuel costs meant that the company’s cost of production for zinc during the quarter went up by 23% ye… Read More
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