Market Updates - Angel One

It’s a high-stakes battle between US e-commerce behemoth Amazon and billionaire Mukesh Ambani owned Reliance Industries, as they try to hog India’s e-commerce space. Caught in this big battle is Kishore Biyani-led Future Group. In August 2020, Reliance Industries announced the acquisition of Future Group for Rs 24,713 crore in a bid to strengthen its …

If you’re a regular on news pages, on Reddit, or even on the internet in general, you must’ve come across the words ‘GameStop’, ‘Reddit’, and ‘r/wallstreetbets’ a lot. It surely looks funny even to stock market outsiders, and not just because Elon Musk was involved. Let us look at what exactly happened, followed by what …

Farmer groups in India have been protesting against three farm bills introduced in September, with heightened agitations held on the country’s Republic Day. The laws were aimed at bringing in reforms in the agriculture markets and boost farmer incomes. However, the farmers’ contention has been that the new rules would make it easier for corporations …

In what has been an unprecedented time for global economies, billionaires worldwide saw their wealth grow by a massive $3.9 trillion between March 18 and December 2020, according to Oxfam’s ‘Inequality Virus Report’ that was released at the World Economic Forum in Davos. The world’s billionaire wealth collectively touched $11.95 trillion, the report said. What’s …

Around half a dozen Indian startup unicorns are considering listing in foreign exchanges, including Paytm and EtechAces Marketing and Consulting, the parent company of both PolicyBazaar and PaisaBazaar. Companies informed they are awaiting clarity over guidelines from the Ministry Of Corporate Affairs and the revenue department regarding the same. They are looking forward to the …

The day the markets peaked to the 50-k mark also saw a steep sell-off on the back of not just profit-booking by some investors but also reports of a fire at the Pune location of the Serum Institute of India (SII), the maker of the coronavirus vaccine, Covishield. BSE Sensex was down 167.36 points closing …

History has been made as India’s BSE Sensex hits an all-time high summit of 50,000 on January 21, 2021. The Nifty too breached the 14,700-mark in a first.  This is a day that D-Street commentators and analysts were expecting since the start of the new year, as the markets rebounded from one of its worst …

The rise and fall of oil prices are crucial not just to the global economy but the markets as well. In India too, any change in oil prices is bound to have a ripple effect on the markets. Crude oil prices have been rising in the recent past; on January 19, crude oil prices stood …

As the world has begun its vaccine rollout, and India follows suit, there seems to be some light at the end of a long year of Covid-19 infections and rising death tolls. Vaccines have certainly been a triumph of modern science but they have had other impacts as well. The markets have been responding well …

All eyes are on Tesla, Elon Musk’s electric vehicle maker, as it makes an entry into India, as a fully-owned subsidiary in India, with a registered office in Bengaluru. This is the first step towards the company starting its India operations. Market analysts are watching the Tesla space closely, as it is bound to have …