Domestic equity benchmarks witnessed a sharp selloff on Friday, weighed down by escalating geopolitical tensions between the US and Iran, weakness in the rupee and heavy profit-booking in financial counters. Auto and energy stocks also remained under pressure throughout the session. The 50-share Nifty declined 150.50 points, or 0.62%, to settle at 24,176.15, while the…
Shares of retailer Kalyan Jewellers India hit the 10% upper circuit limit on BSE, surging to Rs 417.75, as the jewellery retailer’s blockbuster third-quarter earnings triggered a wave of bullish brokerage calls with price targets as high as Rs 750, a potential 80% upside from current levels. The stock locked into the circuit after the…
The Indian market ended lower for a third consecutive session on Wednesday, deepening a sharp market rout that has erased nearly Rs 14 lakh crore in investor wealth. The selloff, driven by global jitters and uneven corporate earnings, pushed the benchmark Sensex down more than 1,660 points over three sessions, while the Nifty 50 slipped…
Shares of Kerala-based Kalyan Jewellers India have witnessed a dramatic selloff this month, erasing Rs 27,400 crore in market value in just two weeks. The stock has plummeted 33.7% during this period, with its market capitalization now standing at Rs 53,949.23 crore. On Thursday, the Kalyan Jewellers shares were down 6.7% to Rs 518.40 on…