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 …
In the recent past, there had been news doing the rounds of a merger between NCDEX (National Commodities and Derivatives Exchange Limited) and NSE (National Stock Exchange). As of 26 November 2021, the report is close to being confirmed and announced. Find out more details regarding this story below: Key Highlights of the NCDEX-NSE Merger …
The benchmark indices, Sensex and Nifty, have been experiencing choppiness in the recent past. Even though the markets opened on November 25, Thursday, on a weaker note, the BSE Sensex managed to close 0.78 per cent points higher at a little over 58,795 points while the Nifty50 closed at a little over 17,546.10 points, up over …
An Overview Foreign institutional investors (FIIs) have been selling in India this fiscal year, with an outflow of over Rs 17,900 crore in the equities cash market in November, bringing the segment’s net outflow to about Rs 87,000 crore since April. This is despite the fact that the Nifty50 has gained over 18% since April …
An Overview During the Winter Session, which begins on November 29, 2021, a Bill to terminate all private cryptocurrencies in India with limited restrictions is scheduled to be taken up for final review and passage. From a maximum of twenty-nine, the Cryptocurrency & Regulation of Official Digital Currency Bill, 2021 is one of twenty-six new …
Paytm’s dismal listing and continued insufficiency in the stock market has weakened investor sentiments for its rival MobiKwik. According to analysts, the flop performance of Paytm will most likely affect the initial share sale of MobiKwik. Here are more details on this topic. What’s the Speculation All About? During the initial nine months of 2021, …
