Frontline indexes Nifty and Sensex plunged for the fourth straight day on December 19, losing more than three percent of their value over the week and wiping out more than Rs 10.5 lakh crore in investor capital. Whereas the Sensex plummeted 1,000 points, the Nifty 50 lost the 24,000 symbol. Interestingly, the Nifty 50 has…
fireworks for shares in the Cochin Shipyard! After the company inked a deal with the Ministry of Defence, its shares experienced a 5% increase in value, closing at Rs 1,656.15 per share. The deal is worth Rs 1,000 crore and will last for five months. The idea intends to dry dock a large Indian naval…
The Nifty 50 firms’ earnings have been cut down by 7% over the last six months after a poor showing in the September quarter. As a result, the predicted earnings growth for FY25 has been reduced to just 5%, the lowest level since FY20. India Inc.’s operational earnings grew at the slowest rate in at…
Following three straight weeks of gains, the markets had a severe decline, losing 4.5%, mostly due to unfavorable global cues. Beginning with growing tensions in the Middle East, which increased the price of crude oil due to concerns about supply disruptions, the mood was pessimistic. Further lowering market optimism was the ongoing FII selling, which…
In the benchmark Nifty 50, Trent and Bharat Electronics will take the places of Divis Laboratories and LTIMindtree. The Nifty 50 Equal Weight index will likewise be affected by the replacement in Nifty 50. As part of the semi-annual assessment of broad market indices, the Index Maintenance Sub-Committee (Equity) of NSE Indices has agreed to…
IREDA’s shares surged 11.2% to an intraday high of Rs 265.70 on the company’s announcement in an exchange filing that it is exploring options for funding up to Rs 4,500 crore through rights issues, qualified institutional placement, and other ways. The financing will be presented to the board of directors for approval on August 29…
2024 NSE index rise on Independence Day: Between July 14, 2024, and the previous Independence Day, the benchmark index NSE Nifty 50 increased by more than 24%. In a similar vein, the S&P-compiled BSE Sensex yielded a 21% return throughout that time frame. The Nifty, which consists of the 50 largest firms in terms of…
Four initial public offers (IPOs) totaling more than Rs 11,850 crore were completed in the first week of August, demonstrating that the volatility in global equities hasn’t dulled the shine on the primary market. This pattern will probably continue as 25 companies that have received approval from the Securities and Exchange Board of India (Sebi)…
Nifty closed just short of the coveted 23,000 milestone as buying across all sectors, with the exception of metal and pharmaceuticals, negated the hawkish Fed minutes. The bulls were back in action on Dalal Street. Benchmark indices reached new all-time highs. Both the Sensex and the Nifty had closed with gains of 1,196.98 points and…
Wednesday’s 5 paise increase in the rupee against the US dollar to close at 83.32 (provisional) was aided by a bullish trend in local equities and steady intake of foreign funds. Forex dealers claimed that strong gains for the local currency were limited by the Reserve Bank of India (RBI) purchasing dollars and the increase…
