Equity benchmark indices Sensex and Nifty buckled under heavy selling pressure to sink below record-high levels on Wednesday. Stocks that were in focus include names like KIMS, which rose 3%, Nykaa, which gained 0.11%, and M&M, whose shares declined 6.69% on Wednesday. Here’s what Viral Chheda, Sr. Technical Analyst at SSJ Finance & Securities, recommends … Read more
Shares of Maruti Suzuki rose 6% to reach a day’s high of Rs 12,736 on the BSE, emerging as the top Nifty gainer on Tuesday. This surge followed reports that the UP government had waived registration taxes on hybrid cars as part of its initiative to promote environmentally friendly vehicles in the state. The move … Read more
The Board of BigBloc Construction, which has delivered multibagger returns to investors over the last few years, will meet on July 19 to consider and approve the bonus issue of shares. The company’s Board will also consider a proposal to increase the authorised share capital. The company’s current share capital stands at Rs 14.14 crore … Read more
The sensex hit 80,000 intraday on Wednesday, while Nifty is well over 24,000 points. Both flagship indices have returned nearly 25% over the last one year, creating wealth for investors and making India one of the hottest markets in the world. Keeping that on one side, the market is currently trading at 24.7x trailing earnings … Read more
Domestic markets continued their ongoing streak of making new highs on Wednesday, supported by firm global trends. Benchmark Nifty crossed the 24300 mark, while Sensex breached the historic 80,000 mark. “We expect this ongoing momentum to continue in the near term. Indian Equities today would react to the release of US Fed meeting minutes and … Read more
Indian market is expected to trade lower on Monday tracking weak global cues. The Nifty future closed negative with losses of 0.52% at 23460 levels on Friday. India VIX was down by 1.24% from 13.34 to 13.18 levels. On the options front, the maximum Call OI is placed at 24,000 and then towards 23,500 strikes … Read more
After a strong response to the IPO, Dee Development Engineers is likely to finalise the share allotment on Monday. The issue was booked nearly 100 times at close on strong interest from non-institutional and institutional buyers. Investors can check the status of their share allotment on the BSE or even by logging in to the … Read more
The SME IPO of Medicamen Organics opened for subscription on Friday and will close on June 24. The company aims to raise about Rs 10.54 crore through the SME IPO and list the shares on BSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the … Read more
Mumbai: Indian stock markets hit a milestone on Wednesday, executing block deals worth nearly ₹23,000 crore, the highest in a single day, largely on account of Vodafone Group’s sale of a stake in Indus Towers. In all, five major block deals were transacted, reflecting growing confidence among promoters, private equity funds and large institutional investors. … Read more
Akme Fintrade’s Rs 132 crore initial public offer (IPO) opened for subscription on Wednesday. The issue, which closes on June 21, is completely a fresh equity sale of 1.1 crore shares. The funds are being raised primarily to augment its capital base. As per RBI norms, the minimum capital adequacy for an NBFC should be … Read more
