Stock markets advance for 5th day; Nifty hits record high, Sensex up 281 points
Stock markets closed higher for the fifth consecutive day on Monday with the benchmark Sensex rising 281 points and Nifty scaling its fresh lifetime high driven by gains in financial and FMCG shares. The BSE Sensex rose by 281.52 points or 0.39 per cent to close at 72,708.16. As many as 17 Sensex shares advanced […]
More PMS schemes outperform benchmarks than mutual funds: PMS Bazaar
A study by PMS Bazaar that analyzed 335 PMS investment approaches and 388 mutual funds (regular funds) across one, three, five and 10-year periods showed that PMS investment approaches outperformed their benchmarks by 70 per cent on average across all timeframes and categories, while mutual funds outperformed 48 per cent of the time. Also read:PMS […]
FPIs maintain faith in Indian debt, inject ₹16,559 crore in Feb 1-16 despite equity sell-off
Foreign Portfolio Investors (FPIs) continued to double down on Indian debt markets, pumping in ₹ 16,559 crore in sovereign debt securities in the first fortnight this month even while remaining net sellers on the equity front to the tune of ₹ 3,776 crore, official data showed. A better than expected fiscal consolidation announced in the […]
Index Outlook: Sensex, Nifty 50: Crucial Resistances Ahead
Nifty 50 and Sensex witnessed a strong bounce last week. This was contrary to our expectation to see a fall. Though the indices witnessed a subdued start, they picked up momentum in the second half of the week. Both the Sensex and Nifty 50 have closed over a per cent each. Among the sectors, barring […]
Alpex Solar jumps threefold on NSE-Emerge listing
Shares of Alpex Solar made a stellar listing at NSE-Emerge platform. As against the IPO price of ₹115, the stock was listed at with a huge premium of ₹345.45 and surged further to ₹362.70 — a gain of 215 per cent. The IPO, which opened between February 8–12, saw an overwhelming response from the investors […]
Happy Forgings bags order in passenger vehicles market, shares up
Happy Forgings Ltd’s shares were up after the company reported that it secured an order from an Indian automaker for the supply of fully machined components for the SUV segment. The order, valued at approximately Rs 60-70 crore per annum and totalling around Rs 400 crore over six years, starting from April 1, 2024, marks […]
Carlyle sells Yes Bank shares worth ₹1,056 crore
Carlyle Group has sold equity stake worth ₹1,056 crore in Yes Bank through open market transaction. Carlyle Group sold 1.35 per cent stake at an average price of ₹27.10 per share. Of the 390,000,000 shares sold in the open market, Morgan Stanley Asia acquired 306,305,668 shares in Yes Bank for ₹830.08 crore. SHARE Copy link […]
Stock Market Live Updates: Asian equities open higher tracking Wall Street’s rally
📌 Market Levels BSE Sensex: 71822.83 (+267.64) Nifty 50: 21840.05 (+96.80) NIFTY MID CAP 100: 48331.90 (+496.25) NIFTY SMALL CAP 100: 15896.05 (+252.30) 📌 Index PE & PBV SENSEX PE / PBV : 24.54 / 3.64 NIFTY 50 PE / PBV : 22.59 / 3.83 NIFTY MIDCAP 100 PE / PBV : 25.10 / 3.87 […]
Rites Limited, AD Ports Group ink MoU; shares rise
Rites Limited’s shares were up by 4.67 per cent after AD Ports Group announced a collaboration for logistics infrastructure development. The company said the partnership combines Rites’ expertise in transport infrastructure development and project management with AD Ports Group’s portfolio of ports, logistics solutions, and business clusters. The collaboration will focus on areas such as […]
Tech glitch at MCX delays start of trading
MCX, the country’s largest commodity exchange, delayed start of trading several times due to technical glitch which occurred at several intervals. Trading on the exchange which was suppose to start at 9 am was postponed to 10 am and then to 11 am. Finally, it started at 1 pm. “Trading hours for the commodity derivatives […]