European stocks fell, with oil majors leading the decline, while traders looked ahead to key data on the US economy and a European Central Bank interest-rate decision. The Stoxx Europe 600 dropped 0.8% at 10:36 a.m. in London, with energy, mining and banking stocks the worst laggards. Among individual movers, […]
Market
The Nifty and Sensex plunged the most in four years as it became clear that the Narendra Modi-led Bharatiya Janata Party (BJP) will fall short of the 272 seats required to form a government on its own. While the BJP-led NDA secured a comfortable majority, the numbers were far below […]
Le Travenues Technology, the company which operates the travel tech platform Ixigo, will open its initial public offering (IPO) for subscription from June 10 to June 12. The company filed its draft red herring prospectus (DRHP) with markets regulator SEBI in February and received approval in May. The IPO includes […]
Eminent investor Basant Maheshwari in his YouTube live, on June 4, warned the PSU stocks holders as the market momentum from PSU, defence and renewable energy could shift amid formation of new government. Several brokerages had identified several stocks (Modi stocks) which could gain from the emergence of a Modi […]
Election Result Outcome 2024: The uncertainties around Investments by Foreign Portfolio Investors (FPI) in the Indian Equity markets have increased with an unexpected Lok Sabha Election 2024 outcome. The Ruling Bhartiya Janta Party is likely to get lower than expected seats. This has increased uncertainties around FPI in flows further. […]
PSU stocks, which experienced a sharp bull run during Monday’s trade, tumbled swiftly in today’s session as the actual vote count painted a different picture than the exit polls, which had projected a clear victory for the BJP-led NDA in the 2024 Lok Sabha election. In today’s trading session, the […]
Associated Coaters IPO: The IPO’s subscription period that began on Thursday, May 30, 2024, ended on Monday, June 3, 2022. The IPO got strong response and was subscribed 371.14 times with retail postion being subscribed 494.99 times. The allotment for the Associated Coaters IPO is to be out soon and […]
In a recent report, brokerage house Emkay believes that at 19.5x PER, the correction isn’t deep enough yet. At current levels, the brokerage is neutral on equities and would stay invested but not add to positions. If the Nifty does correct another 10 percent to below 20,000, it sees the […]
Nifty Bank experienced an intraday decline of nearly 5,000 points or 10 per cent on Tuesday as investors made mincemeat of the markets following poll trends that indicated the INDIA alliance was fighting hard around half past noon against the exit polls that had handed the Bharatiya Janata Party (BJP) […]
Ace investor Shankar Sharma, who has been following the trends of the election results, stated on X (formerly Twitter) that one thing was certain: given the current situation, in which PM Modi’s NDA and the INDIA bloc are in a close battle with one another, short-term capital gains tax (STCG) […]