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As the BJP-led NDA alliance appears set for a landslide victory in the Maharashtra Assembly Elections, financial experts are analysing its potential impact on the Indian stock market when trading resumes on Monday. The clear mandate is expected to strengthen investor confidence, shifting market strategies from defensive to aggressive. Speaking on the anticipated market reaction, […]
Domestic stock markets tumbled sharply on Monday as the S&P BSE Sensex plunged more than 1,100 points in morning trade, pressured by persistent foreign outflows and mounting global and domestic economic worries. Around 10:30 am, the NSE Nifty50 declined 357.80 points to 23,946.55, while the S&P BSE Sensex dropped 1,121.16 points to trade at 78,602.96. […]
India’s benchmark indices fell nearly 1% on Friday in a volatile trading session, capping their worst weekly performance in over two years. The downturn was triggered by escalating tensions in the Middle East, prompting global investors to seek safer havens and raising concerns over potential oil price hikes. The markets also faced pressure due to […]
While diamonds may have been touted as a girl’s best friend for years, gold is still a firm favourite when it comes to Indian consumers and investors. Gold prices in India hit a fresh record high on March 5. Price of the yellow metal surged to Rs 65,000 per 10 gms in Delhi markets. Why […]
Gold prices surged Rs 800 on Tuesday and reached a fresh record high of Rs 65,000 per 10 grams in the national capital. The development is the result of strong global trends, according to HDFC Securities. Silver also rallied Rs 900 to Rs 74,900 per kg. According to analysts, spot gold prices (24 carats) in […]
The stunning results of Assembly elections favouring the BJP has resulted in the Indian stock market celebrating it by hitting a fresh all time high on Monday. The BJP’s success in elections today has driven the stock market to a new high and infused a new energy. The hatrick comment that prime minister Narendra Modi […]
In its fight against short-seller Hindenburg Research, Gautam Adani has hired Wachtell, one of the most expensive law firms in the United States. Wachtell. Adani Group hired the services of senior lawyers Wachtell, Lipton, Rosen and Katz as it looks to stem the crisis that emerged from Hindenburg’s damning report that alleged that the conglomerate […]
Gautam Adani faced a margin call of more than $500mn on a $1.1bn share-backed loan, prompting the Indian tycoon to repay the whole debt, according to four people with direct knowledge of the matter. Rather than post cash against the loan, which did not mature until September 2024, the Adani Group’s founder and his family […]
According to a report, nearly 39 percent of millennials own cryptocurrencies, which is higher than the percentage of those who own mutual funds and roughly equal to the number of millennials who own individual stocks. In the study conducted by the investment firm Alto, millennials between the ages of 25 and 40 who own cryptocurrencies […]
The rupee fell to a new low against the US dollar on Wednesday, as domestic stock markets fell and foreign investors continued to sell Indian equities. The Rupee depreciated 18 paise to close at a record low of 79.03 against the US dollar, at 79.03/$1 on Wednesday. During the Session, the rupee touched an all-time […]
The cryptocurrency sell-off has gotten so bad in recent weeks that simply referring to it as a “crash” no longer suffices. Instead, as Binance CEO Changpeng Zhao tweeted early Wednesday morning, “it’s a bloodbath out there.” The total market cap of all cryptocurrencies has fallen by more than $2 trillion since the peak last fall, […]
The Indian investors will now be able to trade and invest in eight leading US companies directly from NSE IFSC (NSE International Exchange) from March 3, stated the NSE IFSC circular. This comes as a result of the fact that Indian investors have been steadily increasing their investments in US companies for the last […]
The escalating tension between Ukraine and Russia has made the market take a beating. On Tuesday, the domestic equity market benchmark BSE Sensex ended in the red for the fifth straight session at 57,300.68. Due to this, in just five sessions, the market capitalization of five out of ten Gujarat based companies fell by Rs […]
Adani Wilmar’s IPO opened on Thursday for a subscription. The company is offering shares in the price range of Rs 218 to 230. Important to note here is that Adani Wilmar is a Joint Venture between Adani Group led by billionaire Gautam Adani and the Wilmar group of Singapore. The Joint venture was formed in […]
Sensex on Thursday sheds around 1% and ends the day at 57,276.94, down around 581 points. Nifty on the other hand ends below 17,200 points. Volatility in the market was visible after the US Federal reserves indication to raise interest rates from March and foreign funds outflow from the market was another reason. The market […]
After two days, which saw the market lose Rs. 9.21 lakh crore, investors on Tuesday were relieved as it recovered around 500 points. Yesterday, on BSE as many as 2699 stocks were in red, record 540 stocks were seen hitting the lower circuit and 90 stocks touched 52 week low. Today, the market witnessed 2281 […]
Gujarat Fluorochemicals Limited (GFL) closed 4% lower on Friday after a chemical explosion at its factory in Panchamahal killed five workers and injured more than 15 on Thursday. This comes after the stock ended 9% lower yesterday. In two days the stock has lost around 13%. The company informed the market regulator about the fire […]
Monthly report by auto industry body SIAM indicates that chip shortage has made a huge dent in the sales in the auto industry. Two Wheeler Sales- Important to note here is that Two Wheeler sales hasn’t get going after the new emission standard BS-6 came in to force. New emission standard has impacted the two […]
Debuting on the stock exchange, the shares of One97 Communications – the parent company of digital mobile payment platform Paytm – opened disappointingly at Rs 1,995 on BSE and NSE against its issue price of Rs 2,150. The price at which the shares were listed is 9 per cent lower than the price offered in […]
In a record quarter growth, India’s wearables market has grown by 93.8 per cent year-on-year (YoY) for the July-September quarter, according to a report. The wearables market in India which consists of smartwatches, wristbands and earbuds, shipped 23.8 million units in the third quarter, with just September reporting over 10 million shipments – growing double […]
