The stock market came under heavy selling pressure in the last hour of Monday’s session, with benchmark indices falling more than 2 percent. The volatility index, India VIX, rose 13 percent to levels of 22.6, indicating greater volatility in the market. The S&P BSE Sensex fell 812 points to nearly …
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National benchmarks witnessed a widespread sell-off in Monday afternoon trading amid weak global signals. The sell-off was triggered after the International Consortium for Investigative Journalism (ICIJ) reported reports of suspicious activity, or top-secret SARs, valued at more than $ 2 trillion globally. These transactions are not absolute proof of fraud …
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Bank stocks were under pressure with the Nifty Bank index falling 3 percent from its intraday high on Friday, after rating agency India Ratings and Research (Ind-Ra) revised its outlook on the banking sector to ‘Negative’ for the second semester. – October to March (H2FY21) from ‘Stable’. Bandhan Bank, RBL …
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At home, market participants will observe these global signals, but they are likely to focus primarily on individual stocks. They will also track the RBI Governor’s speech to the Ficci members today at 11 AM. Also, Covid-19 trends and news flow on the India-China front will be closely monitored. In …
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Ashok Soota, pioneer of India’s information technology services industry, has led three outsourcing companies, including one of the largest in the country, Wipro Ltd., and has gone public with two of them. The second was this week when the initial public offering of its latest startup, Happiest Minds Technologies Ltd., …
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The benchmark indices slid into the red zone after giving up their modest opening gains in the volatile session on Friday. The S&P BSE Sensex hovered around 38,760 points after falling around 150 points from the opening highs. The Nifty50 index also dropped the 11,450 mark. Titan, HDFC Bank, Kotak …
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Indian markets appear poised for a flat to positive start on Thursday, following modest gains in Asian indices. However, investors can expect some sharp moves later in the day, as the Supreme Court is set to resume the hearing on the loan moratorium. Additionally, media reports indicate that after Silver …
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The initial public offering (IPO) of Route Mobile, a cloud communications service provider, opens today for public subscription. The company is proposing to raise Rs 600 million through the IPO, which comprises a new share issue of Rs 240 million and an Offer to Sell (OFS) of Rs 360 million …
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Weak global signals, concerns about India-China tensions and unwanted news on the Covid front dragged Indian equity markets down one percent on Wednesday. The S&P BSE Sensex fell 258 points to 38,110 levels and the Nifty50 index dropped the 11,250 mark. ONGC and Tata Steel (both down 3%) were Sensex’s …
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The market rally that began in March 2020 after reaching its lowest point in calendar year 2020 has more legs, believe analysts at Goldman Sachs, warning that there could be intermittent corrections along the way. Markets, says Goldman Sachs, are in the first phase of a new investment cycle, which …
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