Stocks extend rally, Sensex crosses 58k

Stocks extend rally, Sensex crosses 58k

Stock markets soared to another record on Friday amid widespread investor optimism after the August services PMI rose to its highest in 18 months. The BSE Sensex closed above 58,000 for the first time, with the 30-share index gaining 277.41 points, or 0.48%, to 58,129.95. The Nifty rose 0.52% to 17,323.60. The stocks’ performance was […]

August  sees  highest IPO filings in 17 years

August  sees  highest IPO filings in 17 years

India’s markets regulator faced one of its busiest months in August as a record 29 companies filed draft prospectuses for public listings, underscoring the ongoing frenzy in India Inc. to exploit a runaway rally in equity markets. This was the highest tally in a single month in the past 17 years, the period for which […]