Gold prices dropped over 2% on Friday as the dollar strengthened and investors took profits following bullion’s record high earlier in the week, driven by increasing expectations of U.S. interest rate cuts in September. By 1422 GMT, spot gold had decreased 1.8% to $2,401.49 per ounce. Earlier, on Wednesday, gold […]
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Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch on Friday said the surge in futures and options (F&O) trading volume has become a macro issue, according to a report. “F&O volume surge has now become a macro issue and not just a micro issue of investor safety,” […]
Although the banking sector has lagged behind the Indian benchmark Nifty index over the past 6 to 12 months, it is well-positioned for substantial long-term growth, driven by India’s largely underbanked population. In 2024, the Nifty Bank index has risen over 8 percent year-to-date, trailing the benchmark Nifty’s almost 13 […]
Despite a sharp sell-off seen across sectors on Friday as investors became cautious ahead of the Union Budget (2024-2025), Indian markets managed to end this week on a positive note, marking their seventh consecutive week of gains. The Nifty 50 closed today’s session down by 1.10% at 24,530 points, although […]
Budget 2024: On the Budget day, Sunil Damania, Chief Investment Officer, MojoPMS feels that a trading approach is less sensible compared to an investment strategy as budget’s impact on market volatility has diminished. While Damania says that the market will be closely monitoring potential changes in the capital gains tax […]
Shares of SpiceJet surged nearly 5 percent in morning trading on July 19 after the low-cost airline announced a board meeting scheduled for July 23 to discuss raising fresh capital through qualified institutional placement, according to the company’s announcement. In an exchange filing, SpiceJet announced that its board of directors […]
The Sanstar IPO, worth ₹510 crore, commenced for subscriptionon July 19 and will close on July 23. The price band for the shares is ₹90 to ₹95. The Ahmedabad-based company’s proposed initial public offering consists of a new issuance of 4.18 crore shares and an offer for sale (OFS) of […]
Top Gainers and Losers Today : The Nifty index closed at 24800.85, down by 1.09%. Throughout the day, the Nifty reached a high of 24854.8 and a low of 24508.15. The Sensex traded between 81587.76 and 80499.1, closing 0.91% down at 81343.46, which was 738.81 points below the opening price. […]
Indian defence stocks have seen a remarkable rally in recent years, fueled by strong order wins, revenue growth, and the government’s significant push for indigenisation in the defence sector. However, this impressive surge has led many of these stocks to trade at high valuations, raising concerns about their potential for […]
Shares of VST Industries, backed by investor Radhakishan Damani, surged over 17 percent to reach a new peak of ₹4,850 apiece in intra-day trading on Friday, following the company’s announcement of its first-ever bonus issue plan. This marks a significant rally for the stock, which has climbed more than 53% […]