The initial public offer of Tata Technologies, which provides engineering and product development digital services, was subscribed 14.85 times on the second day of subscription on Thursday. This is the first company from the Tata Group to float an Initial Public Offer (IPO) in nearly two decades. Tata Consultancy Services was the last IPO from [&he
Markets ends higher; Nifty closes near 21,000 top gainers on December 11 include UltraTech Cement, UPL, Adani Enterprises whereas Media and Metal stocks among key losers
The benchmark equity indices ended Monday’s trading session in the positive territory. The NSE Nifty 50 gained 27.70 points or 0.13% to settle at 20,997.10, while the BSE Sensex jumped 102.93 points or 0.15% to 69,928.53. Bank Nifty index ended slight higher by 52.25 points or 0.06% to settle at 47,314.25. The broader indices ended […]
Global trends, inflation data to guide market movement in holiday-shortened week: Analysts
Equity markets would take cues from domestic inflation data announcement, global trends and trading activity of foreign investors in a holiday-shortened week ahead, analysts said. Markets would remain closed on Tuesday for ‘Diwali Balipratipada’. Stock exchanges will conduct a special muhurat trading session on the occasion of Diwali on November 12
Private capex – Are animal spirits back?
– By HDFC Asset Management Company Limited Investments in fixed assets by listed private manufacturing companies stood at Rs 8.1 lakh crore on a trailing 12-month basis as of September 2023, increasing by 17 per cent over September 2022 levels. This rise has been primarily driven by key industries such as energy, automotive and industrials. [&helli
RBL Bank board to have no RBI-appointed director as Yogesh Dayal’s two-year term ends
The board of RBL Bank will no longer have a Reserve Bank of India representative, as the the two-year term of the central-bank appointed additional director Yogesh Dayal has ended. In a communication to exchanges on Sunday, the city-based private sector lender said Dayal’s term as an additional director has ended on December 23. According […
FPIs selling spree continues; pull out Rs 5,800 cr from equities in November
Foreign Portfolio Investors (FPIs) selling spree continued as they dumped Indian equity worth over Rs 5,800 crore this month so far on rising interest rates and geopolitical tensions in the Middle East. This came after such investors withdrew Rs 24,548 crore in October and Rs 14,767 crore in September, data with the depositories showed. Before [&he
Historic day for markets: BSE-listed companies surpass $4 trillion market capitalization
The Indian markets reached a historic milestone by crossing the $4 trillion market cap threshold on Wednesday. The market value of all BSE-listed companies has soared to a record high of Rs 333 trillion, equivalent to $4 trillion. Since April 1, India’s market cap has surged by 27%. Notably, the market cap of the top […]
Congress’ Sunil Kedar disqualified from Maharashtra assembly after conviction in bank scam
Senior Congress leader and former Maharashtra minister Sunil Kedar has been disqualified from the state legislative assembly following his conviction by a court for misappropriation of funds at the Nagpur District Central Cooperative Bank (NDCCB). A gazette order of the state legislature secretariat issued on Saturday said Kedar stands disqualified
Stocks to Watch: JSW Steel, JSW Holding, Tata Tech, REC, Flair Writing, UltraTech Cement
Stocks in Focus: GIFT Nifty traded up 70.5 points or 0.35% at 20,329.5, indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Friday. Previously, on Thursday, the NSE Nifty 50 advanced 36.55 points or 0.18% to settle at 21,133.15, while the BSE Sensex added 86.53 points or 0.13% to 66,988.44. […]
Gold Price: MCX gold ascends on weaker US Dollar; support is seen at Rs Rs 60920-60760, resistance at Rs 61280-61470
Gold Price Today, Gold Price Outlook, Gold Price Forecast: MCX gold prices ascended on Thursday, while Silver rates also rose 0.44%. On the Multi Commodity Exchange, gold October futures were trading at Rs 61,183 per gram, up Rs 159, or 0.26%. Silver December futures were trading down Rs 324 at 73,150 per kg on the […]