In a sign of correction or consolidation in the sector, the BSE PSU Index has declined by 13% from its peak value of 22,814, witnessed at the end of July. During the same period, the benchmark Sensex fell by only 3%. Prior to this correction, PSU stocks experienced a strong rally. Over the one-year period
Its official! The markets will remain shut on November 20 on account of Assembly elections in Maharashtra on that day. Both the exchanges- BSE and NSE issued official notice informing investors of the trading holiday. There will be no trading in equity, derivatives and SLB Segments. Settlements scheduled that day are all shifted to next
Reliance Power’s shares hit the 5% lower circuit at Rs 41.58 after the company was debarred by Solar Energy Corporation of India (SECI) from floating any tender for the next three years over fake tender documents. Reliance Power and its subsidiary Reliance NU BESS were debarred as it emerged as the lowest bidder for a project
Sagility India launched its IPO on November 06 to raise a total of Rs 2,106.60 crore. The company closed the bidding for its IPO subscription on November 07. It was subscribed almost 3.2 times more than the offered shares. The retail segment was subscribed 4.16 times, which was the highest bidding. The QIBs booked the
ACME Solar Holdings and Sagility India launched their IPOs in the first week of November. Sagility India has raised Rs 2,106.60 crore while ACME Solar Holdings has aimed to raise Rs 2,900 crore. The former is purely an OFS while the latter is a combination of fresh issue and OFS. Are you confused about which
Shares of state-run Rail Vikas Nigam Ltd (RVNL) fell over 6% to intra-day lows of Rs 443.30 on the NSE after the company announced its financial results for the September quarter, revealing a significant decline in profit and a modest dip in revenue. Profit & Revenue Decline RVNL reported a 27% year-on-year (YoY) drop in
Go to Live UpdatesLupin Share Price Today Live Updates, 08 Nov, 2024: Lupin shares are in the news. The stock surged 0.5% to Rs 2,123.15 after the company reported a strong performance for its Q2 on a year-on-year basis, with consolidated profit surging by 74.1% to Rs 852.6 crore compared to Rs 489.7 crore in
Reliance Industries has shed nearly $50 billion (Rs 4.2 lakh crore) in market capitalization since its peak in July, as weak earnings and economic challenges weigh on the conglomerate led by billionaire Mukesh Ambani. The refining-to-retail giant’s shares have remained stagnant this year, underperforming the NSE Nifty 50 Index by the widest margin in a
The Reserve Bank of India has issued a calendar for the premature redemption of 34 tranches of Sovereign Gold Bonds (SGBs) during April to September this year. These bonds were issued between October 2017 and September 2020. As gold prices touch a record high because of global economic uncertainties, investors can consider a partial redemption
Global passive flows into Indian exchange-traded funds (ETFs) turned positive in March after five consecutive months of outflows. Experts said this could mean the selling intensity by foreign investors is slowing down, and active funds could also witness the same trend. Data from Kotak Mutual Fund show that March recorded a net inflow of $72.96
Wall Street fell sharply for a second straight session on Friday, pushing the Nasdaq toward a bear market, after China imposed fresh tariffs on all U.S. goods in response to the Trump administration’s sweeping levies, escalating a global trade war.The Nasdaq Composite fell 3.69% to 15,940.08 by 09:41 a.m. ET, shedding 20% from its all-time
With the markets slipping into red territory, many investors are wondering where to seek refuge. The brokerage firm Motilal Oswal’s latest report has rolled out a fresh list of its top sectoral picks and buys. According to the brokerage, the answer lies in selective plays across financials, real estate, and banking, all primed for long
Indian stock markets are bracing for a rough start as global concerns over US President Donald Trump’s new tariffs continue to weigh on sentiment. Early trends from GIFT Nifty indicate a weak opening for Sensex and Nifty 50. On April 3, the Nifty 50 slipped 0.35% to 23,250.1, while the Sensex dropped 0.42% to 76,295.36.
