Driven by a notable rebound in information technology (IT) companies, benchmark indices came out Thursday’s trading session on a bullish note. Closing 62.87 points higher at a historic 80,049.67, the S&P BSE Sensex closed; the NSE Nifty50 gained 15.65 points and settled at 24,302.15. Along with Nifty Pharma, the Nifty IT index climbed over 1%…
On Monday, the stock market reached all-time highs as the Sensex surged 443 points to settle at a record 79,476.19. In a similar vein, the Nifty increased by 131.35 points to close the day at 24,141.95, setting new records for both indices. Tech Mahindra, UltraTech Cement, Bajaj Finance, Hindustan Unilever, Tata Consultancy Services, JSW Steel,…
Regarding its accusations against the Adani Group, Hindenburg Research has received a show-cause notice from the Securities and Exchange Board of India (SEBI). The Indian multinational was previously accused of illegal activities and manipulating share prices by the US-based short seller. In response, Hindenburg described the notification as an effort to frighten and suppress people…
In India, Reliance Industries Ltd. (RIL) was the first company to reach a market value of ₹21 lakh crore RIL’s stock price rose 20% this year, reaching a new high of ₹3,129 in early trade. Reasons for Rise RIL stock has risen due to Reliance Jio’s price rises. New options offer unlimited 5G internet starting…
Both qualified institutional buyers (QIBs) and non-institutional investors (NIIs) showed a great deal of interest in Allied Blenders and Distillers’ initial public offering (IPO), which was available for subscription from June 25 to June 27, 2024. On June 28, today, the share allotment for this IPO will be finalized. Following allocation, on Monday, July 1,…
In intraday trading on Friday, shares of Central Depository Services (India) Limited (CDSL) surged 13% to a record high of Rs 2,260 on the National Stock Exchange (NSE). This increase came after the business declared that on July 2, 2024, its board will review a first bonus issuance. The share price increased over its June…
June 21st, Mumbai: Users were unable to make orders during a vital market session on Friday due to Zerodha, India’s famous online trading site, experiencing yet another technical setback. Domestic benchmark indexes reached new highs on June 3 following exit polls projecting a third term for PM Modi’s government, and this episode comes only weeks…
Ixigo, the travel aggregator platform under Le Travenues Technology, saw its shares make a strong debut on the stock exchanges, reflecting robust market momentum. On the Bombay Stock Exchange (BSE), the stock opened at Rs 135, marking a 45.16% premium over the issue price of Rs 93. The National Stock Exchange (NSE) witnessed an even…
With major indices like the Sensex and Nifty 50 getting close to all-time highs, the Indian stock market is poised for a bright future. This optimistic prognosis follows a time of elevated volatility that coincided with the outcomes of the 2024 Lok Sabha election and large sell-offs by foreign investors. Strong domestic purchasing through systematic…
Following the swearing-in of the Modi government for a third term, upbeat emotion propelled the Indian stock market to unprecedented heights on Monday, marking a historic achievement. While the Nifty passed 23,400, the Sensex broke through 77,000 for the first time. Even though there was considerable selling pressure at higher levels, this important milestone was…
