Key indices snapped a five-day losing streak on Monday and the Sensex reclaimed 80,000 points level as expectations of easing geopolitical tensions in the West Asia and strong earnings from ICICI Bank brought much-needed relief for investors. The Sensex gained 602.75 points, or 0.8%, to 80,005.04 points, and the Nifty rose 158.35 points, or 0.7%
By Deven Choksey It is said that next 10 years are going to be GOLDEN years of India’s economy and market wealth. Let me reflect on those opportunities as I see it, which will shine brightly for investors. Between last Diwali in November 2023 and this one, India’s market capitalization has grown to over $5
In the run-up to Diwali, investor returns have hardly the sparkle that retail players were anticipating earlier. The Nifty has fallen nearly 6% over the past 1 month, while the Sensex has lost over 4,800 points or almost equal in terms of percentage loss. October is shaping up to be particularly challenging, resulting in the
By Anand James Rollovers have picked up, but do not seem to be large enough to suggest a hurry or an extension in the ongoing downtrend. They are at 19.25 and 23.57 for Nifty and Nifty Bank respectively, well in line with the last four months’ average. Nifty and Bank Nifty straddles are also priced
Shares of Waaree Energies made an impressive debut on the stock exchanges today, opening at Rs 997 on the NSE, marking a 66.33% premium over its IPO price of Rs 1503. The BSE listing was equally strong at Rs 997, reflecting a 66.33% premium. Record-Breaking IPO Subscription The Waaree Energies IPO achieved an overall subscription
Go to Live UpdatesAfcons Infrastructure ipo 2024 Live: The IPO opened on October 25. It closes a day ahead of Diwali 2024 i.e. October 30. The issue has been subscribed to a total of 0.10 times. The retail buyers subscribed to the issue 0.14 times. The company wants to raise a sum of Rs 5,430 crore.
Shares of Deepak Builders & Engineers had a subdued debut on the stock exchanges today, listing at a discount on both the NSE and BSE. The stock opened at Rs 200 on the NSE, reflecting a 1.48% drop from its IPO price of Rs 203. Similarly, on the BSE, the stock listed at Rs 198.50
Petrol, Diesel Price Today 28 October 2024: Oil prices went down by $3 per barrel on Monday as Israel attacked Iran on the weekend but it avoided nuclear sites and Tehran’s oil infrastructure. As a result, the oil supplies remain unaffected and it also reduces tension in the Middle East. Brent dropped by $72.20 per
Quarterly transactions in the office market reached a historic high of 28.2 million square feet in the January-March period, shows a Knight Frank report. Global capability centres (GCCs) were the largest consumers of office space during the period, accounting for 44% of the total transaction volume. A resurgence in demand from the third-party IT services
The reciprocal tariff of 27% will jack up customs duties faced by Indian exporters of studded and gold jewellery in the US to 32-34%, including 5.5-7% extant tariffs. Diamond products which currently do not have any tariffs, will cost US importers a 27% import duty. Sabyasachi Ray, Executive Director of the Gems & Jewellery Export
Corporate India is gearing up for a challenging trade environment in the wake of the 27% reciprocal tariffs imposed by the US on Thursday. While the Trump administration has described the move as its moment of liberation, India Inc leaders feel there are some pain as well as some gain. From India’s perspective, key sectors
Dusit International, a leading Thai hotel and property development company, on Thursday announced plans to expand its presence in India by launching its luxury and upper-midscale brands in key emerging markets. The strategic expansion plan builds on the momentum of Dusit’s recent foray into the Indian market with the soft-opening of the contemporary and upscale
The quarterly updates of fast-moving consumer goods (FMCG) companies, which has been released so far for the January-March 2025 period (Q4FY25), present a mixed picture of the sector at a time when urban demand has remained weak. Rural demand, in contrast, has been resilient and is expected to improve in the coming months. While Marico
