Wall Street turns to 2016, while stock market has to live in ‘24
A sense of déjà vu overwhelmed Wall Street this week, as Donald Trump’s election win gave the stock market a jolt similar to what happened after his victory eight years ago. Small caps soared, banks leaped and the S&P 500 Index had its best Election Day in history and strongest week in 12 months. The…
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Stock market investors made $1.5 trillion since last Diwali. What Samvat 2081 has in store
With Nifty ending Samvat 2080 with a 25% gain and scores of stocks in the broader market giving multibagger returns, investor wealth, as measured by the total market capitalization of all BSE-listed stocks, rose by Rs 128 lakh crore or about $1.5 trillion since last Diwali. Samvat 2080 now goes in record books as the…
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Lighting the path to financial stability: How fixed income can safeguard wealth in a volatile world
In today’s shifting financial landscape, portfolio stability is essential. As assets like equities, gold, and real estate experience variable returns over time, investors seek options that balance growth and safety. Fixed-income investments are foundational, providing reliable income and cushioning against portfolio-wide volatility. Understanding Fixed Income and Its Role in a Balanced Portfolio Fixed income refers…
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Diwali Muhurat Trading: Know timings of pre-open, block deal and normal market session
The exchanges will conduct a special Muhurat trading session on Friday on the auspicious occasion of Diwali for an hour between 6:00 pm to 7:00 pm. This special session marks the beginning of the Hindu calendar year Samvat 2081. This hour-long session will be preceded by a pre-opening session from 5:45 pm to 6:00 pm…
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Paytm shares pop 5% after receiving NPCI nod to onboard new UPI users
Shares of One 97 Communications-owned Paytm jumped 5% to an intraday high of Rs 722.50 on the BSE after the National Payments Corporation of India (NPCI) granted the company approval to onboard new UPI users, subject to adherence to all procedural guidelines and circulars. “We would like to inform you that vide letter dated October…
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Diwali Muhurat trading on November 1. NSE announces timing, other details
The National Stock Exchange (NSE) will conduct its annual Diwali Muhurat trading session on Friday, November 1, 2024, from 6:00 PM to 7:00 PM, marking the beginning of the Hindu calendar year Samvat 2081. While the market will be shut for normal trading to mark Diwali, the special trading window will be open for just…
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Barrage of stock supply is latest test for Dalal Street
A surge in share supply from initial public offerings and sales to institutions is adding pressure on Indian equities, which are already grappling with weak earnings and selling by overseas investors. Hyundai Motor India Ltd. raised $3.3 billion in the nation’s largest IPO on Thursday, and further listings worth $6 billion have been approved by…
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Senco Gold shares climb 5% on strong Q2 business updates
Shares of Senco Gold rose nearly 5% to Rs 1,418.5 in Wednesday’s BSE trade following the company’s strong business updates for the July-September period. The company’s retail growth increased by 27% year-on-year (YoY), while same-store sales growth (SSSG) rose to 20% in Q2, up from 4% in Q1. Senco Gold attributed its strong Q2 performance…
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Monday Blues! Sensex plummets over 1,000 points, Nifty below 26K
Domestic benchmark equity indices, Sensex and Nifty50, were trading with heavy losses on Monday amid mixed cues from regional markets, weighed down by index heavyweights Reliance Industries, Infosys, TCS, and ICICI Bank. The BSE Sensex was down 1,009.13 points, or 1.18%, trading at 84,562.72, while the Nifty50 dropped 284.95 points, or 1.09%, to 25,894 at…
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Sensex rises above 85,300 for the first time, Nifty hits fresh peak; IT, bank stocks shine
Key equity indices Sensex and Nifty opened at fresh record highs for the sixth consecutive session on Thursday, driven by gains in IT and auto stocks, amid continued optimism over higher foreign inflows. The BSE Sensex was up 123 points, or 0.15%, at 85,290, while the Nifty50 rose 40 points, or 0.15%, to 26,043 around…
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