Benchmark equity indices Sensex and Nifty rebounded sharply on Monday, surging nearly 2 per cent, on heavy buying in Reliance Industries and a rally in Asian markets.
The 30-share BSE Sensex jumped 1,240.90 points or 1.76 per cent to settle at 71,941.57. During the day, it soared 1,309.55 points or 1.85 per cent to 72,010.22.
Also Read
The Nifty climbed 385 points or 1.80 per cent to 21,737.60. Among the Sensex firms, Reliance Industries jumped nearly 7 per cent, contributing the most to the rally in markets.
Primary steel producers could report margin contraction by 60-180 bps post new cess, says ICRA Markets jump nearly 2% Ola Electric shares jump over 16% …
Read moreTata Technologies, a leading global engineering services company offering product development and digital solutions, including turnkey solutions, to global original equipment manufacturers, has filed an addendum to its Draft Red Herring Prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI). JM Financial, Citigroup Global Markets India Private, and BofA Securities India are the Book Running Lead Managers to the issue.
Also Read
The Company’s initial public offering comprises an offer for sale of up to 95,708,984 equity shares for cash (Equity Shares).
The offer for sale consists of up to 81,133,706 equit…
Read moreThe exuberance is real! This SME IPO – Resourceful Automobile received bids worth Rs 4,768.88 crore for a fixed price issue of Rs 12 crore. The issue was subscribed approximately 400 times between August 22-26.
Resourceful Automobile sells Yamaha two-wheelers under the name “Sawhney Automobile”. It runs two automobile showrooms based in New Delhi and has only 8 permanent employees on its payroll.
The issue is commanding a grey market premium of almost 90% to the issue price of Rs 117 apiece.
Momentum nowhere to be seen in Nifty this week, says Anand James of Geojit Financial Services Orient Technologies IPO: Gets fully subscribed on Day 1 Co-branded credit cards rapidly outpacing traditional cards with 35-40% CAGR: Report Oil and …
Read moreStocks in Focus: GIFT Nifty traded down 29 points or 0.15% at 19,050.5, indicating a negative opening for domestic indices NSE Nifty 50 and BSE Sensex on Thursday. Previously on Wednesday, the NSE Nifty 50 tanked 159.60 points or 0.83% to settle at 19,122.15, while the BSE Sensex shed as much as 522.82 points or 0.81% to 64,049.06.
Also Read
“Investor sentiment is on edge as tensions in West Asia continue to drag the market. Despite a drop in oil prices and an optimistic view of the progressing Q2 results season, investors took a cautious approach due to the expectation that a higher interest rate s…
Read moreGIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Friday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded up by 71 points or 0.32% at 22,338 indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Friday. Previously, on Thursday, the NSE Nifty 50 ended up by 162.40 points or 0.74% to settle at 22,217.45, while the BSE Sensex jumped 535.15 points or 0.74% to 73,158.24.
“Markets oscillated sharply on both sides and finally ended the session with a gain of nearly a percent. After the flat start, Nifty drifted lower in continuation to Wednesday’s decline and tested the support zone of short term moving average i.e. 20 DEMA. However, …
Read moreShares of Life Insurance Corporation of India (LIC) jumped more than 6 per cent on Thursday, with its market valuation climbing to Rs 6.99 lakh crore, making the firm the fifth most valued company.
The stock climbed 5.86 per cent to settle at Rs 1,106.25 apiece on the BSE. During the day, it zoomed 9.51 per cent to hit its record high of Rs 1,144.45.
On the NSE, it jumped 6.46 per cent to Rs 1,112 a share.
Sebi chairperson’s integrity is not in doubt, but the SC should monitor the probe into the Adani issue Ola Electric shares jump over 16% after flat listing Paris Olympics 2024: Extreme measures! How Vinesh Phogat tried to cut weight for Gold medal bout GAIL shoots up 5% to 52-week highs; Brokerages maintain Buy
Also Read
Shares of Varun Beverages surged by over 5% in early trading on Tuesday as the FMCG company reported a 25% jump in the net profit in Q4FY24. The stock rallied by 5.53% to reach an intra-day high of Rs 1,559 per share on the NSE.
Varun Beverages announced a 25% year-on-year (YoY) increase in its Profit After Tax (PAT) for the first quarter of the calendar year, rising to Rs 548 crore from Rs 438.6 crore in the corresponding quarter last year. This growth was attributed to volume expansion, higher net realisation, and enhanced profit margins.
In Q1, net revenue surged by 11% year-on-year (YoY) to Rs 4,317.3 crore, compared to Rs 3,893 crore in the corresponding quarter last year.
Ambuja Cements shares surge 4% after promoter sells 3% stake via block deal Mini…
Read more