Indian equity indices traded in the red on Friday, dragged by index heavyweight HDFC Bank after the Street was disappointed by the lenders’ weak Q1 update. Sensex dropped over 500 points to 79,505, while the Nifty50 fell 183 points to slip below the 24,200 mark. From the Sensex pack, Infosys, JSW Steel and ICICI Bank…
READ MOREShares of India’s leading wind energy solutions provider Inox Wind on Thursday rallied 10.5% to the day’s high of Rs 157.25 on BSE on announcing that it will turn net debt-free following the completion of the infusion of Rs 900 crore into the company by its promoter Inox Wind Energy Limited (IWEL). “The funds were…
READ MOREShares of Orient Cement surged 5.5% to the day’s high of Rs 323.85 on BSE as UltraTech is in advanced negotiations for the acquisition of the company amid intensifying consolidation efforts in the sector. Kumar Mangalam Birla’s flagship UltraTech is in advanced negotiations with the promoter of Orient Cement, his uncle CK Birla, after restarting…
READ MOREGPT Infraprojects announced July 3 as the record date for its 1:1 bonus share issuance, according to that today is the last day to buy the shares to qualify for receiving the bonus shares of the company. Earlier in the month of June, GPT Infraprojects announced that it would be issuing bonus shares to its…
READ MOREShares of Raymond surged 6% on Monday to its day’s high of Rs 2,675 on BSE as the National Company Law Tribunal (NCLT) approved the demerger of the company’s lifestyle business and the amalgamation of its consumer trading arm. As part of this restructuring process, Raymond will demerge its lifestyle business into Raymond Lifestyle. Ray…
READ MOREDomestic markets ended the last week on a negative note but clocked gains for the overall week, making it the third consecutive weekly rise. “Overall, the market is likely to remain steady and consolidate at higher levels in the near term. Budget-related sectors are likely to remain in action on the back of news flow…
READ MORENifty ended with 0.4% gains in a week-long holiday shortened by Bakri Eid. When markets resume trading on Monday, a host of important domestic and global events lined up during the holiday-truncated week are likely to impact them. “The Indian stock markets exhibited positive trends as the Sensex and Nifty indices both posted minor gains,…
READ MORENifty ended with 0.4% gains in a week-long holiday shortened by Bakri Eid. When markets resume trading on Monday, a host of important domestic and global events lined up during the holiday-truncated week are likely to impact them. “The Indian stock markets exhibited positive trends as the Sensex and Nifty indices both posted minor gains,…
READ MOREShares of Hindustan Aeronautics surged nearly 6% to its all-time high of Rs 5,484.20 on BSE in Tuesday’s trade as the company announced that the Ministry of Defence has issued a request for proposal (RFP) to procure 156 Light Combat Helicopters from the company. The tender’s value is said to be worth around Rs 50,000…
READ MORESebi is considering a series of tweaks to its derivative trading rules, according to two sources, as it seeks to address risks arising from explosive growth in options trading. The new rules could include higher margins for options contracts and more detailed disclosures, and are being considered after a series of meetings with exchanges, brokers,…
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