LIVE market updates: Indian markets climbed to their new all-time highs despite trading poorly in early trading on Monday on a mixed set of global signals. The S&P BSE Sensex gained 150 points, or 0.3 percent, at 45,216 levels and the Nifty50 index surpassed the 13,300 mark. ONGC (up 3%) …
Read More »Optimism Over Covid-19 Vaccine May Drive Markets Higher: Analysts
New Delhi: Optimism about the COVID-19 vaccine and hopes for further stimulus in the US may boost markets next week, and investors will continue to monitor global events and the situation around the coronavirus for further movement, analysts said. The benchmark Sensex index rose more than 2 percent last week …
Read More »Sensex can hit 51,000 levels in six months, technical charts suggest
Markets continued their record streak on Friday as the benchmark indices, S&P BSE Sensex and NSE’s NIFty, scaled new lifetime highs for the day after the Reserve Bank of India (RBI) decided to hold the buyback rate. unchanged at 4 percent and an accommodative political stance was maintained. The S&P …
Read More »Burger King IPO Subscribed 157 Times at Close Thanks to Strong Overall Demand
The initial public offering (IPO) of quick service restaurant (QSR) Burger King India, which closed on Friday, saw 157 times more demand than the shares on offer. The issue led to offers for 11.7 billion shares, worth Rs 70 billion, compared to just Rs 75 million on offer, making it …
Read More »Burger King India IPO To Open Next Week: Should You Subscribe?
The initial public offering (IPO) will open on December 2, for three days. The price band for the IPO has been set at Rs 59-60 per share. Burger King India Ltd, a quick service restaurant chain, aims to raise Rs 810 crore by reissuing shares worth Rs 450 crore, and …
Read More »Burger King’s IPO Will Open Dec. 2; here is everything you need to know
The initial public offering (IPO) of quick service restaurant chain (QSR) Burger King India Ltd will open on December 2 for three days. The price band for the IPO has been set at Rs 59-60 per share. Burger King aims to raise Rs 810 crore through the issue, which comprises …
Read More »Steel Stocks Extend Higher; JSW Steel and Tata Steel hit new 52-week highs
Steel company shares continued their move north with industry giants Tata Steel and JSW Steel hitting their respective 52-week highs on Thursday after they reported strong gains during the recently concluded quarter. JSW Steel gained 5 percent to trade at Rs 354 and Tata Steel rallied 4 percent to Rs …
Read More »Sensex tanks 997 pts from the day high, 44K infractions; Nifty ends at 12,859
The volatility index, India VIX, jumped 10 percent to 23.1. After climbing new all-time highs in morning trading, the domestic stock market fell about 1.5 percent on Wednesday as investors posted gains across the board. The volatility index, India VIX, jumped 10 percent to 23.1. Among the major indices, the …
Read More »Nifty Hits 13,000 Marks, Sensex at Record Peak – Time to Record Profit?
The dream run of national stocks reached a new pinnacle on Tuesday when the Nifty50 index surpassed the 13,000 mark for the first time. Meanwhile, the S&P BSE Sensex topped the 44,500 mark in intraday deals. A better-than-expected profit cocktail, better collection of goods and services tax (GST), better big …
Read More »Ujjivan Small Fin, IDFC First: Finances Recover From RBI Ownership Proposal
Shares of financial companies, including banks, non-bank financial companies (NBFCs) and microfinance institutions (MFIs), were in the spotlight amid a rally of up to 20% in BSE in the morning trade of Monday as the Reserve Bank of India (RBI). The internal task force, which reviewed the ownership guidelines, proposed …
Read More »