Mcap of eight of top-10 valued firms tumbles Rs 2 lakh cr; Reliance biggest laggard
The combined market valuation of eight of the 10 most valued domestic firms eroded by Rs 2 lakh crore last week, with Reliance Industries taking the biggest hit in line with a bearish trend in the broader stock market. Equity benchmark indices Sensex and Nifty extended their downward trend to the eighth day in a…
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Japan’s Nikkei slumps to weekly loss despite softer yen
Japan’s Nikkei share average fell on Friday and logged its worst week in more than a month despite the tailwind from a weaker yen, as the decline on Wall Street and caution after major central bank policy decisions weighed. The Nikkei closed 0.29% lower at 38,701.90, bringing it to a weekly decline of 1.66%, its…
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True North, two others to sell stakes worth Rs 1,267 crore in Home First Finance: Report
Home First Finance is expected to see a block deal on Monday worth Rs 1,267 crore where 14.7% stake is likely to be on offer. The sellers are likely to be promoter entities True North Fund V LLP (Warburg Pincus) and Aether (Mauritius) Limited along with a non-promoter Orange Clove Investments B.V., a CNBC TV18…
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Nifty begins December series at higher open interest base, suggests F&O rollover data. What does this indicate?
Nifty futures will start the December series at higher open interest (OI) base with futures rollovers standing at 79% as against 76% averaged over the last three series, Nuvama said in a note. It expects Nifty to trade in a broad range of 23,450 to 25,000 with heightened volatility at play. At Rs 30,800 crore…
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Anil Ambani reviewing Sebi order, to take appropriate steps: Statement
Businessman Anil Ambani is reviewing a Sebi order imposing a fine and banning him from capital markets for five years in an alleged fund diversion case and will take appropriate next steps as legally advised, his spokesperson said in a statement on Sunday. Ambani, the spokesperson in a statement said, had resigned from the board…
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