No one is safe: Time-tested Tata stocks see Rs 1.5 lakh crore wiped out in Monday’s market crash
In times of crisis, investors usually flock to familiar and time-tested names. Tata Group companies fall under this category. However, a single-day crash—driven entirely by global factors—wiped out nearly Rs 1.49 lakh crore ($18.06 billion) in market capitalization within just a few hours. It serves as a stark reminder that no stock is immune during…
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Nifty indices rejig: Zomato, Jio Financial to see $822 million inflows as BPCL, Britannia exit
Shares of food delivery giant Zomato and Mukesh Ambani-backed Jio Financial Services will be added to the benchmark Nifty 50 on Thursday as part of the semi-annual rebalancing by Nifty Indices, bringing in a passive inflow of $544 million and $278 million, respectively, according to JM Financial. The reshuffle, which coincides with Nifty’s derivatives expiry,…
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