The benchmark indices, BSE Sensex and NSE Nifty rebounded on December 7, Tuesday, gaining over 1.5 percent aided by positive cues on the global front, led by metal and banking stocks rallying. The Sensex closed at 57,633.65 points while the Nifty closed at 17,176.70 points on Tuesday. The broader markets too recovered, with the Nifty …
An Overview In November, foreign portfolio investors (FPIs) intensified their selling in the Indian secondary share market as concerns about a new coronavirus variant grew. In the secondary market, they were net sellers of equities worth $4.5 billion (Rs. 33,799 crore). According to NSDL data, it was the most since March 2020, when they sold …
In Monday’s trading session, the National Stock Exchange’s flagship index Nifty50 fell by more than 280 points whereas Bombay Stock Exchange’s Sensex went down by almost 950 points, giving chills down the spine of investors and traders. Both the indices marked a fall by 1.65% each. The charts made one side momentum on the downward …
An Overview A day after the administration declared that sixty businesses had been approved for the production-linked incentive scheme for food processing, most constituents of the Nifty FMCG shares index were trading in the positive on December 7. HUL, ITC, Dabur India, Nestle India, Britannia and Tata Consumer have all submitted investment proposals to the food …
An Overview Your average expert might not have predicted that Mongolia would be the world’s best-performing index in 2021, or that a movie theatre chain would return 1,200 percent. While most analysts projected a rebound after the pandemic-induced collapse, few predicted the vigour with which the rally propelled European and American equities to new highs …
The market cap of seven most valued firms out of the top ten increased by Rs 1.29 lakh crore in the week ended December 3, according to news reports, with IT firm Tata Consultancy Services (TCS) being the main gainer, followed by Infosys, another IT firm. Market cap or market capitalisation of a company is arrived at by …
Despite sustained FII selling, the market rallied substantially during the week of December 3, following a major sell-off the week before. The Nifty 50 had broken through 17,000 on a closing basis, but a strong comeback over the next two days enabled the index to reclaim and maintain those key levels. The index managed to …
Amid volatility in the global markets, the BSE Sensex on Tuesday closed 195 points lower at 57,064 while the Nifty 50 closed at 16,983, shedding 70 points. The India volatility index, VIX, closed over the 21 levels. Meanwhile, the shares of the Indian Railway Catering and Tourism Corporation (IRCTC) recovered on Tuesday and in early …
An Overview The share price of Indian Metals & Ferro Alloys was up 3% intraday on 26th November to Rs 814.10 after the firm’s board of directors approved the issuance of bonus shares. At their meeting on 26th November 2021, the board of directors of Indian Metals & Ferro Alloys approved the issue of bonus …
In its recent reports, financial technology giant Paytm, or One97 Communications, revealed that the company has witnessed a jump in its revenue. This is the first time Paytm released its revenue figures since its recent stock market debut. Following a successful IPO, the tech firm is now planning to meet its objectives to bring value …
