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 […]
IPO screener: Entero Healthcare issue closes today
The initial public offering of Entero Healthcare Solutions will close for public subscription today. The company has so far received a rather weak response from investors, who have subscribed it 0.19 times or just 19 per cent. The ₹1,600-crore IPO has come out with a price band of ₹1,195-1,258 a share of face value of […]
After index play, BSE may look to breathe life into stock derivatives
After finding its feet in index derivatives, the country’s oldest bourse BSE is gearing up to dip its toes in stock derivatives. “Stock options and futures are very much on our radar,” the bourse’s Managing Director and CEO Sundararaman Ramamurthy told businessline. “But we want to stabilise our Sensex and Bankex derivatives offerings first before […]
Inflation, industrial production data, global trends to drive market trends this week: Analysts
Stock markets would take cues from the upcoming macroeconomic data announcements and global trends besides keeping a watch on the trading activity of foreign investors, analysts said. The last batch of the ongoing earnings calendar would trigger stock-specific action, traders said. Also read: Index Outlook: Sensex, Nifty 50: Range-bound with a bearish bias “This week, […]