The Nifty and Sensex tanked by 1.4% and 1.3% respectively, their worst fall since 26 October, as Singapore revived mask mandates and issued a travel advisory amid the spread of JN.1, a new sub-variant of the novel coronavirus causing covid-19. India has recorded 21 cases of the new sub-variant soRead More →
F&O ban list: A total of ten stocks have been put under the ban for trade on Wednesday, December 20, 2023, under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as it crossed 95 perRead More →
In the long term, share prices become a function of what they inherently represent—the value of a business. Conventional valuation parameters, grounded in fundamentals such as earnings, indicate that valuations have moved to a higher trajectory. This either means that Indian companies are poised to deliver superior earnings growth orRead More →
Private equity firm Chrys Capital divested shares valued at ₹3,282 crore in Mankind Pharma, and Beige Ltd executed a block deal on December 12, selling 1.44 crore shares in Mankind Pharma at a rate of ₹1,832.43 per share. Meanwhile, Hema CIPEF Ltd liquidated 56.2 lakh shares in the pharmaceutical companyRead More →
MUMBAI : The Nifty and Sensex scaled fresh record highs, driven by FPI buying, as RBI’s rate setting committee kept the repo rate unchanged but raised the economic growth forecast by 50 basis points to 7% from FY24. However, analysts remain divided on the near-term market prospects, with the FedRead More →
Bank of India recorded a robust demand for its qualified institutional placement (QIP) of shares, with a subscription rate of 4.11 times. The QIP, originally set at a base size of ₹2,250 crore, also incorporated a greenshoe option of an additional ₹2,250 crore to accommodate potential oversubscription. The financial institutionRead More →
New Delhi: Following are the stocks that could be in focus on Friday: Zomato: Svf Growth (Singapore) Pte, part of Japan’s SoftBank Group, will sell a 1.1% stake in food-delivery company Zomato Ltd Friday for an estimated ₹1,127.5 crore, or $135 million, as per the term sheet of the blockRead More →
New Delhi: Following stocks could be in focus in Thursday’s trade: Bank of Baroda: Is trying to trace the paper trail behind a recent scandal where some employees allegedly created false app sign-ups using random mobile phone numbers. The bank has asked branches to produce customer consent and registration formsRead More →
BSE share price has jumped more than 360% so far in 2023, giving multibagger returns to investors. The stock surged over 3% to hit a fresh 52-week high of ₹2,595.00 apiece on Monday, extending gains for the seventh straight day. Despite a stellar rally, BSE shares have more than 25%Read More →
The Nifty may test 20,500 levels, thanks to short-covering by foreign portfolio investors (FPIs) as well as retail and high net-worth option sellers. Ahead of election results, FPIs held net short futures positions of 47,161 Nifty and Bank Nifty contracts, and net long index put options totalling 240,625 contracts. AnalystsRead More →
