India’s benchmark indices ended in red on Monday as widespread selling in banks and consumer firms and across key sectors dragged the markets down. Investor sentiment turned cautious after the government confirmed two cases of Human Metapneumovirus (HMPV) in Karnataka and one in Gujarat, amid concerns over a virus outbreak in China. The benchmark BSE…
The combined market valuation of four of the top-10 most valued firms eroded by Rs 96,605.66 crore last week, with HDFC Bank taking the biggest hit. While Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank and State Bank of India suffered erosion from their valuation, Reliance Industries, Bharti Airtel, Infosys, ITC, Life Insurance Corporation of…
Shares of Jai Corp cracked 20% to hit their lower circuit of Rs 247.90 on the BSE on Thursday after the company announced that Urban Infrastructure Holdings (UIHPL), in which it holds a 32% equity stake, plans to convene an EGM to approve a capital reduction proposal. “The Company hereby informs that it has received…
Billionaire Mukesh Ambani‘s Reliance Industries has acquired technology-driven and oncology-focused healthcare platform Karkinos for Rs 375 crore, the firm said on Saturday. Reliance Strategic Business Ventures (RSBVL), a wholly-owned subsidiary of Mumbai-listed India’s most valuable company, completed the acquisition of Karkinos Healthcare Pvt Ltd with allotment of requisite shares, the firm said in a stock…
Indian benchmark indices ended flat on the monthly expiry day today (Thursday, December 26) amid a range bound trade. The weakness was on account of corrections in FMCG and bank stocks though auto and pharma stocks salvaged some pride. While the S&P BSE Sensex settled at 78,472.48, down by 0.39 points, the broader Nifty closed…
Reliance Industries shares will remain in focus on Friday after Venezuela‘s state oil company PDVSA and Reliance Industries resumed an oil swap arrangement that was previously halted due to U.S. sanctions. This development follows a U.S. license granted in July authorizing such trade, according to an internal PDVSA document. A supertanker carrying about 1.9 million…
The Indian market reversed early losses to end in green on Friday. The IT stocks gained on a near-certain U.S. rate cut anticipation while consumer stocks staged a recovery after declining 1% as domestic inflation data showed that rural and urban food inflation remained elevated. The benchmark BSE Sensex gained 843.16 points or 1.04% to…
The Indian stock market ended in green on Friday, lifted by buying in heavyweights Bharti Airtel, Reliance Industries and pharma stocks, with the Nifty index closing about 1% higher this week. The benchmark S&P BSE Sensex gained 759.05 points or 0.96% to settle at 79,802.79, while the broader Nifty 50 index closed at 24,131.10, higher…
After a Thursday collapse, Indian equity markets rebounded strongly on Friday helped by buying trends across sectors with IT and bank heavyweights throwing their weights around. Individually Reliance Industries (RIL) was the single biggest contributor to their surge. While the S&P BSE Sensex settled at 79,117.11, up by 1961.32 points or 2.54%, the broader Nifty…
In Samvat 2080, Indian equities reached historic highs, with benchmark indices setting records on September 26 and the country’s market capitalisation surpassing $5 trillion, making it the fourth largest globally. Demat accounts grew to 175 million by September 2024. Since last Diwali, the Nifty has rallied 25%, while the midcap and smallcap indices surged 37%…