Indian railway stocks surged by over 13 per cent on Monday after several exit polls forecasted a decisive victory for the Prime Minister Narendra Modi-led National Democratic Alliance (NDA) government in the Lok Sabha Elections 2024. Leading the gains were Titagarh Rail Systems, reaching a 52-week high, along with Rail […]
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Gamestop shares climbed more than 90 per cent in premarket trading on Monday, after a Reddit post from stocks influencer Keith Gill showed a $116 million bet on the gaming retailer. GameStop was the second-most actively traded stock, with 4.4 million shares changing hands by 4:30 a.m. ET. It was […]
Kronox Lab Sciences IPO: The initial public offering (IPO) of Kronox Lab Sciences Limited opened today. The public issue worth ₹130.15 crore will remain open for bidders till June 5th 2024. The book build issue is complete, offering for sale (OFS), which means the IPO won’t have any immediate impact […]
On Wall Street in the week ahead, spotlight will be on the jobs data for May, among other economic reports. The jobs data holds significance as it will be the last economic report before the Federal Reserve’s upcoming monetary policy meet on June 11-12. Investors are hoping for a interest […]
Lok Sabha Election 2024: The Equity markets have seen rise in volatility after the Benchmark indices scaled all-time highs. Experts feel that there will probably be further volatility in the Sensex and Nifty indices in few sessions ahead of election results and on the election results day. Nevertheless, since the […]
The majority of polls estimate the Bharatiya Janata Party (BJP)-led alliance will win between 350 and 400 seats overall, which is far more than the 272 seats needed for a majority in the 543-seat lower house of parliament. The alliance took home 352 in 2019. On Tuesday, the votes will […]
The BJP campaign slogan ‘abki baar char sau paar’ had a halo effect on the stock market. The target of 400 seats was set as a psychological extension of the NDA’s massive 2/3rd majority in 2019 (352 NDA seats). Furthermore, the government’s enhanced leadership and performance during the COVID period […]
Foreign portfolio investors (FPIs) have continued to divest from Indian markets since scaling back their purchasing activity at the start of the new fiscal year 2024-25 (FY25). According to Samir Arora, founder of Helios Capital, FIIs are likely to make up over $16 billion, expecting the market to rally around […]
Indian stock market: The Nifty remained volatile within a narrow range during the day as investors awaited the election results. The highest call writing is visible at 23000, while there is significant put writing at 22500, indicating that the Nifty might oscillate between 22500 and 23000 in the next few […]
The foreign exchange reserves, or forex reserves, of India dropped more than USD 2 billion to USD 646.673 billion in the week ended on May 24, according to data released by the Reserve Bank of India (RBI) on Friday. In the prior week, the forex reserves had increased by USD […]