India’s frontline indices closed subdued on Wednesday as weakness in the financial, FMCG index and energy sectors limited upward movement even as IT and auto stocks threw in their weight. The Sensex rose 50.15 points, or 0.06%, to settle at 82,276.07, while the 50-share Nifty rose 57.85 points, or 0.23%, to 25,482.50.Meanwhile, the volatility gauge […]
India’s frontline indices Nifty and the BSE Sensex closed sharply lower on Tuesday, dragged by a sharp decline in IT, auto and banking stocks. Today’s fall has wiped out Rs 2.85 lakh crore of investor wealth for stocks listed on the BSE. While the 30-share Sensex closed 1,069 points or 1.28% lower at 82,226, the […]
London-based Prudential Corporation Holdings is poised to raise a whopping Rs 10,603 crore in the IPO of India’s largest active asset manager, posting a mind-boggling 108,170% return on shares bought 20 years ago at just Rs 2 each. ICICI Prudential Asset Management Company’s mega offering, which opened for public subscription on Friday, has created a […]