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Nirma was de-listed from the stock exchange in 2011 however it has continued to be a household detergent brand across the country. Nuvoco Vistas Corporation Ltd, a Nirma group company, filed a draft with SEBI to launch an IPO worth Rs 5,000 crore on May 6 which after approval will now be open for subscription […]
After scaling historic highs on Tuesday, it seems that the bull run on the Dalal Street is likely to continue on Wednesday. Cues from the global market are positive. The number of newly affected Covid patients in India are rising, however, it is still restricted to a couple of states. The Nifty Futures trading in […]
After a record surge in India and the US equities, stocks in Asia are trading cautiously mixed. The stock market in Japan is down while Hong Kong, China, Australia are firmly up on Wednesday. Overnight, the US market surged to new record highs. The S&P 500 gained 0.82% to a new record closing high of […]
Indian share market on Tuesday closed at the highest ever level in history on the back of sustained buying by domestic institutions thwarting any dangers of intense selling by foreign funds. The market has gained 14 per cent from the recent lows recorded on April 22, at the peak of the devastating second wave of […]
At a time when domestic consumption is falling in the country, an unprecedented price rise on two key fuels – petrol and diesel –may be counterproductive. Another threat due to record high prices is inflation. At a time when economic recovery is fragile and there is a looming threat of the third-wave of Covid19, higher […]
Tracking global cues, the stock market in India is also likely to open weak. After a couple of days of rallies in the global market, investors have turned cautious due to the increasing spread of the Delta Coronavirus in Asia and the US. The Nifty futures trading in the Singapore market is trading down by […]
Naresh Parmar The increasing spread of the Delta virus spread in Asia and the US has dented investor sentiments. After two days of smooth rallies, the Asian markets are trading weak on Tuesday. The markets in the US also had closed mildly in the red on Monday. The increased number of cases of Delta Virus, […]
Kumar Mangalam Birla informed the government that he is ready to offer his stake in the Vodafone Idea Limited (VIL). This could go to any state-owned or domestic financial entity so as to keep the telecom company afloat and stress-free. A VIL promoter and chairman of the Aditya Birla Group, Birla communicated this suggestion on […]
The first trading day of the month was profitable for the investors as the stock market, buoyed by series of positive news, closed with gains. Investor sentiment was bullish as auto sales numbers, recovery in PMI index and tax collections indicated strong recovery underway in the country’s economy. At the close, the Sensex was up […]
During the lockdown, at the time when the country is going through an economic slowdown, a merchant based out of Gujarat has bought a Bungalow worth Rs 185 crore at Worli Sea Face in Mumbai, Maharashtra. Leading Surat diamond merchant, Savji Dholakia and his family have bought a Rs 185 crore the six-storeyed bungalow which […]
Under the shadow of declines in the Asian market and subdued European markets, for most of the day, Indian shares were outperforming their global peers. However, profit-booking in the last hour of trade erased all gains. Profit booking was amplified in the index heavyweights Reliance, TCS and Tata Steel. At the close, Sensex fell 66.23 […]
It seems that the aftermath of the Covid19 pandemic on Indian households is still unfolding. Slump in economic activity, restrictions on working conditions and increasing layoffs and unemployment has devasted family income resulting in large scale selling of families’ physical gold holdings. Indians, mostly middle class have reportedly sold 111 tonnes of their physical gold […]
After a bounce-back on Thursday, the Indian stock market is expected to open with declines on Friday on weakness in global markets. Continued selling by foreign portfolio investors (FPI) will also weigh on the sentiments. Meanwhile, if benchmark indices end with declines today it will be the second consecutive weekly decline for the market. Nifty […]
Stocks in most of Asia are trading down after a relief rally on Thursday. The US stock index futures, open for trade on Friday are down or lower than expected Amazon earnings. The e-commerce giant also warned investors about lower-income and profit growth going forward. Japan’s Nikkei 225 dipped 1.2% in early trade, while the […]
Indian stock market ended in the green after three days of declines primarily lead by index heavyweights and metals shares. Positive global cues from China and the US Federal Reserve also supported the sentiments. Aggressive buying by domestic funds also helped lift the market. The foreign portfolio investors continued to sell in the cash market […]
The Indian stock market is expected to open firmer on the back of positive Asian cues. However, the market movement will be more stock-specific and broader moves are likely to be volatile due to the July series expiry day in the derivatives segment. After three days of losses, the market in Asia is witnessing a […]
Stock markets are slowly getting back to normalcy after Federal Reserve assured that the rise in interest rates is way away while the Chinese authorities also tried to soothe fears. Hang Seng in Hong Kong opened 2% higher after three days of declines. The stock markets in the mainland also recoded gains, with the Shanghai […]
It seems that troubles are mounting for Raju Kundra and his wife Shilpa Shetty from all sides. After the arrest of businessman Kundra in a pornography case, the stock market regulator on Wednesday fined Kundra his wife and actor Shilpa Shetty in a 2015 case of insider trading in a listed company named Viaan Industries […]
Four funds that have a large investment in India’s second richest Gautam Adani-promoted firms have a history of investing in the companies that have defaulted on repayment to bank. The opposition has demanded an investigation for alleged round-tripping. These funds are also among the largest foreign shareholders in Winsome Diamonds and Jewellery Ltd., Sterling Biotech […]
Mirroring Asian peers, the Indian stock market closed in the red for a third straight session. However, bargain hunting and a couple of index heavyweights reversing their losses during the session helped sharp bounce back in the market from day’s low. The benchmark Sensex and Nifty opened weak and continued to their slide on heavy […]
