Stock Market Today: Tech Drags Down Nasdaq Amid China Nvidia Probe
US stocks fell on Monday as tech sector risks and upcoming inflation data worried investors. Nvidia shares dropped 3% on China’s probe into its 2020 acquisition of Mellanox. Investors await inflation data to gauge the potential for more Fed interest rate cuts. US stocks retreated from record highs on Monday as investors assessed a potential…
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Religare Enterprises shares surge over 9% to hit fresh 52-week high
Shares of Religare Enterprises surged more than 9 per cent on the bourses on Tuesday amid reports that the Reserve Bank of India (RBI) has cleared Burman family’s open offer to acquire an additional 26 per cent stake in the company. According to reports, the RBI approval comes with conditions, including maintaining the existing management…
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ITI shares soar 40% in 1 week amid heavy volumes
Shares of ITI Ltd, a public sector telecommunications giant, surged as much as 9.4% to Rs 403.75 on the BSE, marking the third straight session of gains on Tuesday. This rally extends a remarkable one-week climb of over 40%, fueled by soaring trading volumes and renewed investor interest. The rally comes on the back of…
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New RBI Governor: 3 potential changes to track under Finance Ministry insider Sanjay Malhotra
As yet another Finance Ministry insider and revenue secretary Sanjay Malhotra takes charge of the Reserve Bank of India (RBI) from Wednesday, market experts say the selection of two career bureaucrats as RBI Governor in a row indicates the government’s comfort with having a bureaucrat rather than a technocrat at the central bank’s helm. “In…
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dairy farmer loans: New RBI platform to use milk supply data for dairy farmer loans
Many farmers or dairy farmers find it impossible to obtain a bank loan for want of any credit history. But now, Using a new platform created by the Reserve Bank Innovation Hub, a borrower can access information on the milk that dairy farmers sold to Amul or state-accessible land records to calculate their ability to…
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Stock Radar: Down 20% from highs! PCBL breaks out of inverse Head & Shoulder pattern; time to buy?
Short-term traders with a high-risk profile can look to buy the stock for a target of 540 in the next 3-4 weeks, suggested experts. Synopsis The stock reached a high of Rs 584 on September 30, 2024, but dropped to Rs 467 by December 5, a decline of over 20%. While the 20% fall signals…
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Blackstone-backed International Gemological Institute sets price band for Rs 4,225 crore IPO
Blackstone-backed International Gemological Institute (IGI) India has set the price band for its initial public offering (IPO) at Rs 397-417 per share, aiming to raise Rs 4,225 crore. The three-day issue will open for subscription on December 13 and close on December 17. The offer comprises a fresh issue of Rs 1,475 crore and an…
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RITES shares soar 5% on winning $9.7 million order from Guyana
Shares of PSU railway stock RITES on Monday rallied up to 5% to Rs 309.85 on BSE after it won a contract for engineering services for upgrading of the Palmyra to Moleson Creek Highway in Guyana for $9.71 million. “We are pleased to inform you that RITES has emerged as top scorer (H-1 bidder) based…
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Godrej Consumer shares fall 11% as Q3 business update leads to target price cuts
Shares of Godrej Consumer on Monday fell up to 11% to the day’s low at Rs 1,102 on BSE after a subdued Q3 business outlook shared by the FMCG firm made brokerages reduce their target prices. In its Q3 business update, shared with investors well before the end of the December quarter, Godrej Consumer said…
READ MOREIndia’s housing property market set for record-breaking performance in 2024
Indiaβs housing property market continues to remain on a strong footing, with the year 2024 expected to end as the best year ever in terms of the sectorβs performance across the top seven cities, led by steady economic growth and infrastructure improvements driving increased urbanization and sustained demand.The top seven cities, Mumbai, Delhi-NCR, Bengaluru, Pune,…
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