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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 […]
The stock market across Asia are trading higher on Thursday on the back of a rally in the American market. The US dollar was down on falling inflation. It also lifted Asian currencies. The market is moving upwards on cooling inflation in the US and the $3.5 trillion budget plan of president Biden getting the […]
After a sharp profit booking and touching the low point of the day, the market managed to bounce back on widespread buying on Wednesday. Despite marginal losses from the previous close, investors wealth continued to erode for the sixth day in a row. Today, total market capitalisation declined by Rs7,471 crore The Sensex was down […]
On Tuesday, the Nifty and the Sensex advanced, however, the broader market continued to decline in the Indian stock market. The trading was volatile and a few large-cap stocks from information technology, financial services and banking supported the market. The biggest losses were registered in PSU banking as well as metals. The overall texture of […]
Indian share markets are likely to open with downward bias on weak global cues. Huge profit-booking by mutual funds on Monday is also going to weigh on the market sentiments. The stock market in the US closed mildly down on concerns surrounding earlier than expected rate hikes. Similar sentiments, coupled with the spread of delta […]
Buoyed by the investors’ interest in new fund offers, the total inflow in the equity mutual fund schemes jumped three-fold in July. As per the Association of Mutual Funds of India (AMFI), monthly data release new flow in equity scheme increase from Rs5,988 crore in June to Rs22.583 crore. However, four new funds from major […]
Indian shares are likely to open weak on global cues. The stock markets in Asia are trading weak on the rising value of the dollar against the major currency and a sharp fall in gold prices that triggered margin calls. The Nifty futures closed at 16,267 on Friday while the SGX Nifty Futures (the index […]
After a better than expected jobs report, the US market had closed with gains. However, in Asian trading, today stronger American currency has resulted in deep cuts in equities, gold and crude oil. Market participants believe that this indication of recovery would force the Federal Reserve to tighten earlier than envisaged. The stock market in […]
The stock market in India is likely to trade with caution in the first hour of trade as series of events are likely to impact the investors’ sentiments. The Reserve Bank of India, after three days of the meeting, will announce its assessment of the economy and monetary policy. The Supreme Court will pronounce its […]
For the third session on the trot, benchmark indices – Sensex and Nifty – closed with gains and ended the historic highs. On the day of the weekly expiry of the derivatives, the Indian market closed with a downtick, reached a pick on buying interest and gave away half of its gains. The mood in […]
After hitting all-time highs, a sense of caution may creep in trading on Thursday in the Indian stock market. Weekly expiry in the derivatives segment, weakness in the broader market and Friday’s review of the monetary policy by the Reserve Bank of India are the main triggers for the market. The Nifty futures trading at […]
After surging to record highs, the global markets have become cautious before making its next move. On Wednesday, the US market closed with deep cuts after the payrolls data was much below the expectations. On Thursday morning, the Asian markets are trading mix. The Shanghai Composite in mainland China declined 0.46% and Hong Kong’s Hang […]
After scaling, new highs on Tuesday, supported by positive news flow Indian benchmark indices continued their upward march and closed at yet another new high. However, profit-booking was the underlying theme during the trading resulting in declines in small and midcap shares. Even, the number of shares advancing were lower than that declined. At the […]
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 […]
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 […]
