The first 6 months of 2024 witnessed a bull run with multiple record highs and an over 10 percent rally in the benchmark indices. The total average market capitalisation soared to a record ₹397.1 lakh crore, a substantial 23.4 percent increase from the previous six-month period of July to December […]
stock market
Indian stock market indices declined a percent each on Wednesday dragged by profit booking at higher levels. The Sensex crashed more than 900 points to fall below 79,600 level, while the Nifty 50 tanked more than 200 points to slip below 24,200. Sensex hit an intraday low of 79,435.76, falling […]
The Association of Mutual Funds in India (AMFI) last week released the new stock categorization list, highlighting the changes in largecap, midcap and smallcap. According to the semi-annual categorization of AMFI for H2CY2024, the threshold for largecap stocks has now increased to ₹84,300 crore from ₹67,000 crore in December 2023. […]
The first reaction to the general election result was negative with a 5.9% decline in the Nifty index on June 4, though the market ended last quarter up 9.7% from where it closed that day. The initial reaction was no surprise since the failure of the BJP to obtain the […]
DOMS Industries share price jumped over 5% on Monday to hit a record high of ₹2,367.50 apiece on the BSE after brokerage firm Axis Securities initiated coverage on the stock with a bullish view. This is the seventh straight day of rally for DOMS Industries shares and the stock has […]
Eight of the top-10 most valued firms together added ₹1,83,290.36 crore in market valuation last week, with IT majors Tata Consultancy Services (TCS) and Infosys emerging as the biggest gainers, in line with a rally in equities. Last week, the BSE benchmark jumped 963.87 points, or 1.21 per cent. The […]
Presenting a comprehensive recap of the week’s highlights, spanning from top news to market performance, here’s your market wrap for the week concluding on July 5, 2024. Source link
Effwa Infra and Research IPO: The initial public offering (IPO) of Effwa Infra and Research Ltd has been heavily oversubscribed on the first day of the bidding led by robust demand. Effwa Infra and Research IPO is an SME IPO which opened on July 5. Effwa Infra IPO is a […]
Indian stock market: The domestic equity market is expected to open higher on Thursday tracking positive cues from global peers. Asian markets traded higher, while the US stock market ended mostly in the green overnight after data pointed to a softening economy, raising hopes for an interest rate cut by […]
Ravi Jaipuria, chairman of RJ Group, began his career as a vendor for Coca-Cola before switching allegiance to Pepsi in the 1990s. His group’s flagship company, Varun Beverages, now stands as the largest bottler of PepsiCo’s beverages globally, outside the US. The company produces and distributes a wide range of […]