Mcap of four of top-10 most valued firms decline by ₹23,417 cr
The combined market valuation of four of the top-10 most valued firms fell by ₹23,417.15 crore last week, with IT majors Infosys and Tata Consultancy Services (TCS) taking the biggest hit. Also read: Maharashtra labour ministry summons TCS for delayed onboarding of recruits Last week, the BSE benchmark advanced 540.9 points or 0.84 per cent. […]
Fall in prices lift gold appeal during Dhanteras
The drop in gold prices, amounting to ₹1,130 per 10 gram since the beginning of this month, has uplifted sentiments leading to a potential revival of sluggish jewellery sales and increased demand for digital gold this Dhanteras. Gold prices have fallen to ₹60,240 per 10 gram on Friday from ₹61,370 logged on October 31 as […]
SEA urges Centre not to extend ricebran export ban beyond Nov-end
The Solvent Extractors’ Association of India (SEA) has urged the Centre not to extend its prohibition on exports of de-oiled ricebran beyond November-end. In a letter to the Union Minister for Fisheries, Animal Husbandry and Dairying, Parshottam Rupala, SEA Presiden Ajay Jhunjhunwala said the total export of de-oiled ricebran constitutes less than 10 per cent […]
Sensex, Nifty log second weekly gain on energy stocks boost
Indian shares rose for a second consecutive week on Friday, led by energy stocks as oil prices fell, even as hawkish US Federal Reserve remarks reignited rate worries and dragged Asian peers. The NSE Nifty 50 index added 1.01 per cent for the week, while S&P BSE Sensex gained 0.84 per cent. The more domestically-focussed […]
Honasa Consumer shares tank 7%
Shares of Mamaearth’s parent Honasa Consumer fell 7 per cent on Thursday to ₹299.9 on the NSE after a flat listing on Tuesday. The shares are now well below the IPO offer price of ₹324 apiece. Allaying concerns The company’s IPO had sailed through despite criticism from some market pundits and concerns on rich valuations. […]
Crude oil gains despite deflationary data from China
Crude oil futures traded higher on Thursday morning despite deflationary figures from China, a major consumer of crude oil in the global market. However, China’s central bank governor has expressed confidence that his country will achieve its annual growth target of 5 per cent for this year. At 9.53 am on Thursday, January Brent oil […]
Protean eGov Technologies IPO subscribed 24x
The IPO of Protean eGov Technologies (formerly NSDL e-Governance Infrastructure) witnessed a good response from all category of investors. The issue, which came out with a price band of ₹752-792, was subscribed 23.9 times. As against 43.78 lakh shares on offer in the IPO window, it received bids worth 10.45 crore shares. The total offer […]
Market recovers on late-hour buying; Sensex, Nifty end in red
After opening the day in negative note, domestic markets staged a strong recovery in the closing hours. However, benchmarks BSE Sensex and NSE Nifty ended marginally lower on Tuesday, due to subdued performance of global markets and FII outflows. Analysts said the broader market witnessed buying interest at lower level on Q2 earnings and positive […]
D B Realty sells stake in Real Gem BuildTech project for Rs 231.42 crore, shares up
D B Realty Ltd’s shares were up by 4.94 per cent after the company divested its entire 100 per cent stake in Real Gem BuildTech Pvt Ltd (RGBPL) for approximately Rs 231.42 crore. The transaction was executed through a share purchase agreement on November 6, 2023, with Kingmaker Developers Pvt Ltd (KDPL), a company affiliated […]
Cello World ends 22% higher on first day of trading
Shares of Cello World on Monday made a strong listing at the bourses by gaining 28 per cent. As against the issue price of ₹648, shares of Cello World, that has a strong presence in the consumer houseware, writing instruments and stationery, closed at ₹791.90 on the BSE and at ₹791.70 on the NSE, making […]