Markets ended the shortened holiday week with modest gains, continuing their ongoing consolidation trend. Despite a strong start, benchmark indices remained largely range-bound in the second half, pressured by mixed global signals and subdued year-end trading volumes. The Nifty closed at 26,042.30, while the Sensex ended at 85,041, indicating a cautious but stable market tone.Investor […]
Indian shares traded modestly higher on Wednesday, with the Sensex and Nifty stabilizing after a flat close in the previous session, as stronger-than-expected US economic growth data boosted risk appetite. However, optimism was tempered by continued foreign fund outflows and meager trading volumes at the end of the year.The Sensex rose 100 points, or 0.07%, […]
After an unprecedented 40% surge on Friday, Infosys’ American Depositary Receipts (ADRs) fell more than 7% on Monday to hit an intraday low of $18.78, snapping a three-session winning streak. The decline followed ADRs hitting a new 52-week high of $30 in the previous session, a move so volatile that the exchange was forced to […]
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Shares of Urban Company fell nearly 6% intraday on Monday, hitting the day’s low of Rs 121.40 on the NSE as the three-month anchor lock-in ended today. This means that, according to Nuvama’s estimates, 41 million shares, accounting for 3% of the total shares outstanding, are now available for trading.The price action took place amid […]
Sebi chairman Tuhin Kanta Pandey on Monday said the market regulator will soon change rules to ban the use of current market data for investor education.The comments came days after Sebi imposed a fine and ordered payout of Rs 546 crore to ‘fininfluencer’ Avdhoot Sathe. Pandey asserted that there is no ‘regulatory vacuum’ regarding education […]
Bank of Maharashtra’s offer for sale (OFS) opened for non-retail investors on Tuesday at a floor price of Rs 54 per share. At the floor price, the government would rake in around Rs 2,492 crore by divesting its 6 per cent stake in the state-owned lender. The OFS will open to retail investors on Wednesday, […]
The shareholder lock-in of Mangal Electrical Industries is likely to be lifted on Monday, November 24 and as per Nuvama’s estimates, nearly 10 lakh shares, accounting for 4% of the total outstanding shares, will hit the market.Although the shares are eligible for sale, the responsibility lies with the investors as to whether or not to […]
Capillary Technologies India shook off a lackluster listing to stage a sharp intraday rebound on Friday, with its shares rising as much as 13% on the BSE to Rs 633 from their opening price of Rs 560, reigniting investor interest in the SaaS player just hours after it debuted at a discount to its IPO […]
Domestic markets are expected to open cautiously amid weakness in global markets. Gift Nifty at 26,140 indicates that the Nifty could lose around 80 points at opening. The focus will be on macro indicators and global sentiment, analysts said, as the second quarter earnings season draws to a close. The risky mood sets a cautious […]