Shares of HLE Glascoat, which manufactures glass-lined equipment and filters and dryers for various industries, has seen a one-sided rally in the last 10 years, surging over 6,000%. Accordingly, if an investor had invested Rs 10,000 in the stock four years ago and stayed put, the investment would have jumped to 6 lakh, according to … Read more
Mumbai: Indian equity indices dropped almost half a percentage point Friday, paring Thursday’s gains, as valuation discomfort continued to weigh on investors after regulatory caution over likely bubbles in the riskiest pockets of equity assets. Of the 50 stocks in Nifty, 11 advanced and 39 declined. “The investors in the markets are worried after the … Read more
NEW YORK: U.S. stocks fell on Friday, led by technology-related megacaps that have propelled this year’s rally, while investors weighed the interest rate outlook ahead of next week’s Federal Reserve meeting. Traders have reined in bets of a June rate cut by the Fed after this week’s hotter-than-expected inflation data. Shares of Adobe dropped 13.7%, … Read more
Equity markets rebounded on Thursday and even broader markets saw some recovery from the previous day’s sharp losses. The 30-share Sensex climbed 335 points to settle at 73,097 and the broader Nifty gained 148 points to close at 22,146. Stocks that were in focus included names like ITC, which fell 0.82%, Swan Energy, which rose … Read more
Mumbai: Indian equities rebounded Thursday from a bout of panic selling in an evident relief rally as investors judged the pace of the recent market decline rather excessive. Mid- and small-cap stocks, which witnessed their biggest single-day losses in two years Wednesday, led what analysts believe is a temporary revival, with uncomfortably short odds on … Read more
The initial public offer (IPO) of Popular Vehicles opened for subscription today. Ahead of the issue opening, the company has raised Rs 180 crore from anchor investors. The IPO, which closes on March 14, is a combination of fresh equity issue of 84 lakh shares and an offer for sale (OFS) of 1.19 crore shares, … Read more
Equity markets declined on Monday, snapping its two-day gaining streak due to weak trends in the global markets. The 30-share Sensex dropped 616 points to settle at 73,502 and the broader Nifty slumped 160 points to close at 22,332. Stocks that were in focus included names like Zomato, which fell 3.16%, IndiGo, which rose 3.52%, … Read more
ET Intelligence Group: The systematic investment plan (SIP) route continues to attract new retail investors amid soaring equity benchmark indices with no signs of exasperation. New SIP accounts opened in February were 2.3 times more than the ones that were closed according to the data from the Association of Mutual Funds in India (AMFI). The … Read more
After hitting record highs intraday, domestic equities closed flat in a volatile session on Thursday, weighed down by selling in index majors such as Reliance Industries and private banking stocks. The 30-share BSE Sensex ended 33 points higher or 0.1% to settle at 74119 points. The NSE Nifty gained 19 points or 0.1% to end … Read more
Mumbai: Market participants are recommending caution to retail investors who are mulling putting money in the government’s share sale of NLC India, one of the top stock performers in the past year, on Monday. Concerns over rich valuations of most state-owned companies may keep share gains under check in the near term, they said. Investors … Read more
