Jio IPO: A Significant Valuation Catalyst in the Telecom Sector Reliance Industries Limited’s (RIL’s) telecom unit is likely to enter the markets after its 33% sale of stakes to investors, including Facebook and Google. CLSA believes that this separate listing of Reliance Jio could become a major catalyst for the telecommunication sector in the country. …
The ninth tranche of the Sovereign Gold Bond Scheme (SGB) 2021-22 will be available for subscription from January 10, 2022, for a five-day period ending on January 14, 2022. These bonds are issued on behalf of the Union government by the Reserve Bank of India. The price of the issuance has been set at Rs …
The Indian rupee has seen ups and downs over the recent few days. The currency gained 11 paise to touch 74.31 against the US dollar in the early hours of trade on Friday. The rupee had opened at 74. 41 on Friday morning, while in the previous session of trade, it had settled at 74.42 …
As per the report published by Edelweiss, the shares of 13 companies have been upgraded from the mid-cap category to the large-cap category. Amongst those are the recently listed food aggregator Zomato, online payment service provider Paytm, e-commerce company Nykaa and the insurance aggregator Policy Bazaar. Apart from that, the research report also mentioned about …
Shares of Rama Steel Tubes Limited (RSTL), an Indian manufacturer of steel pipes and tubes, have hit 5% in the upper circuit. This stock has crossed the upper circuit for eight straight sessions in an otherwise weak market. It has logged a total of 75% rise from its Rs. 234.25 levels as of 27 December …
After a strong start to 2022, Sensex finally fell victim to the interest rate hike announcement from US Federal Reserve. On 6 January 2022 alone, the market fell about 900 points, only in India. The same can be said about other markets of Asia and the USA. This comes as an aftermath of US Federal …
According to reports, private equity investments reached a record high of USD 40.1 billion in 2021, up over 15% from the previous year, fueled by a USD 3.6 billion infusion into Flipkart and USD 1.93 billion into Bundl Technologies. While the amount of inflows increased 15.2 percent from USD 34.8 billion in 2020 to USD …
Even though coronavirus-related uncertainties and inflation threatened to take the stuffing out of stocks, markets closed 2021 with over 20% gains. Let’s explore if a bull market retaliation is on the horizon this year, based on a number of rising variables. Will the uptick continue this year? Headwinds in the first half of this year …
Power Stocks Trading – Top Gainers and Losers Below is a tabular representation of the top gainers in the stock market on 29 December 2021. Name of the Stock Up by Rectifiers 8.76% Energy Development Company 4.96% Karma Energy 4.95% Indowind Energy 4.89% Orient Green Power Company 4.75% NTL 4.69% RTNPOWER 4.65% Suzlon Energy 4.49% …
The year 2021 was a good one for the primary market, as it was supported by a robust secondary market environment. However, the recent correction has affected sentiment largely. The Nifty50 index corrected over 11 pc from its record high in October 2021. The correction was warranted due to the excessive run that the market …
