MobiKwik shares rise 13% after subsidiary gets BSE approval to start stockbroking business

Shares of One MobiKwik Systems rose nearly 13% on Tuesday after the company announced that its subsidiary had received BSE approval to start stock brokerage business.The fintech company’s shares rose to Rs 227.37 apiece in morning trade, breaking a three-session losing streak. Why are MobiKwik shares rising today? Mobikwik announced on Monday that its wholly-owned […]

Ahead of Market: 10 Things That Will Determine Stock Market Action on Monday

Indian benchmark indices closed higher on buying interest in consumer and private banking stocks, although gains were limited by selling pressure in auto, IT and pharmaceutical names. While Nifty ended at 25,693.70, up 50.90 points or 0.20%, the BSE Sensex advanced 266.47 points or 0.32% to 83,580.40.Meanwhile, the volatility gauge India VIX ended at 11.94, […]