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Polycab Share Plunge Sends Shockwaves, Mutual Funds and Foreign Investors in Crisis

Polycab Share Plunge Sends Shockwaves, Mutual Funds and Foreign Investors in Crisis

12 January 2024

A Day of Unprecedented Losses On January 11, the Indian stock market witnessed a seismic event as Polycab India Ltd’s shares nosedived by over 21%, causing mutual funds to incur losses exceeding Rs 940 crore and foreign investors to grapple with staggering losses of Rs 1,885 crore. The sharp decline was a direct response to …

Atal Setu: PM Modi to inaugurate India’s longest sea bridge today in Mumbai; find out more about this L&T marvel

Atal Setu: PM Modi to inaugurate India’s longest sea bridge today in Mumbai; find out more about this L&T marvel

12 January 2024

In a significant milestone for Mumbai’s growth, the Mumbai Trans Harbour Link (MTHL), officially named Atal Setu, is set to transform the connection between Mumbai and Navi Mumbai. Today marks the inauguration of Atal Setu, India’s longest sea bridge, as part of the substantial upgrade of Mumbai’s public infrastructure. Prime Minister Narendra Modi will unveil …

Top 3 breakout stocks trading below Rs 100

Top 3 breakout stocks trading below Rs 100

12 January 2024

These three equities gained significantly during Friday’s trading sessions, indicating strong bullish action. Here’s an in-depth look. Suzlon Energy Ltd  Suzlon Energy has recently demonstrated a notable volume-price breakout, accompanied by the 52-week high breakout. Currently valued at Rs 45, the stock has experienced a significant surge in trading activity. The breakout is particularly noteworthy, …

Overnight Digest: Top 5 mid and small-cap stocks to watch out for January 15, 2024

Overnight Digest: Top 5 mid and small-cap stocks to watch out for January 15, 2024

12 January 2024

On Friday, the main stock market indices had a good day. The Sensex increased by 1.30% and closed at 72,651.05, while the Nifty also went up by 1.2%, ending at 21,908. The market’s volatility, measured by India VIX, dropped by 2.6%, showing a decrease in market uncertainty. The sectors that performed well include Nifty IT, …

These 5 IT stocks surged over 5% and hit 52-week highs today: Keep them on your radar for Monday

These 5 IT stocks surged over 5% and hit 52-week highs today: Keep them on your radar for Monday

12 January 2024

Today, the broader indices, NSE Nifty50 and BSE Sensex, ended the day in the green. The Nifty50 closed at 21,894.55, marking an increase of 247.35 points or 1.14% compared to the previous day’s closing level. Meanwhile, the BSE Sensex concluded at 72,568.45, reflecting an increase of 847.27 points. Among all the stocks listed on the …

Allied Digital Services hits the upper circuit on getting selected as Master System Integrator for the Ayodhya Smart City Project

Allied Digital Services hits the upper circuit on getting selected as Master System Integrator for the Ayodhya Smart City Project

11 January 2024

On Thursday, Allied Digital Services shares hit the upper circuit of 20% to trade at Rs 170.90, from its previous closing of Rs 142.45 on the BSE. MSI for Ayodhya Smart City Project  Allied Digital Services Ltd has been selected as a Master System Integrator (MSI) for the Integration of CCTV Surveillance with the Existing …

Polycab India Ltd: Soaring Stocks Plunge Amid Allegations of Tax Evasion

Polycab India Ltd: Soaring Stocks Plunge Amid Allegations of Tax Evasion

11 January 2024

In the dynamic world of the stock market, where unpredictability reigns supreme, one company has recently emerged into the spotlight – Polycab India Ltd. Boasting an extraordinary gain of 293.39% over the past year, the stock has been on a dream run. However, a sudden downturn of 9.12% in the last week has cast a …

Market Movers: Here are today’s high-volume buzzers!

Market Movers: Here are today’s high-volume buzzers!

11 January 2024

The Indian headline indices opened the session on a cheerful note, reflecting robust investor sentiment in broader markets. Energy, utilities, power, consumer durables, and information technology sectors exhibited resilience, while capital goods and industrial sector stocks recorded minor losses. The indices later underwent a notable downturn, reducing some of the initial gains. At 10:45 am, …

These 3 stocks from BSE 500 jumped over 5% today; do you own any?

These 3 stocks from BSE 500 jumped over 5% today; do you own any?

11 January 2024

The benchmark index S&P BSE 500 opened today at 30,989.80 and made its day high at 31,032.87 and it is trading in green today, up by more than 0.34% From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 5% today. Easy Trip Planners …

Upper Circuit Stocks Today – 11 January, 2024

Upper Circuit Stocks Today – 11 January, 2024

11 January 2024

Despite opening the trading session on a higher note, Indian benchmark indices trimmed some of the initial gains. Despite losses in capital goods and industrial sector stocks, the market witnessed a positive push from substantial gains in the auto, consumer durables, energy, utilities and financial services sectors, attempting to improve overall market sentiment. With 2,404 …

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